Richard Duvall, co-founder and CEO of venture-backed Zopa, passed away earlier this week from pancreatic cancer. His wife Krys has asked that any donations in his memory be sent to Pancreatic Cancer UK. More information is available here.
Deutsche Bank has agreed to buy UK wealth manager Tilney Group Ltd. from Bridgepoint and company management. No financial terms were disclosed for the deal, which is expected to close later this quarter. Tilney has around
DFJ VinaCapital has launched as a $50 million venture capital fund focused on technology and privatized telecom companies in Vietnam. It is a joint venture between Vietnam-based VinaCapital and Menlo Park, Calif.-based Draper Fisher Jurvetson. www.vinacapital.com www.dfj.com
ExlService Holdings Inc., a New York-based provider of business process outsourcing solutions, priced five million common shares at $13.50 per share ($10-$12 range), for an IPO take of approximately $67.5 million. It will trade on the Nasdaq under ticker symbol EXLS, while Citigroup and Goldman Sachs served as co-lead underwriters. The company had been acquired […]
Nycomed AS, a Danish drug company, has agreed to buy the pharmaceuticals business of Altana AG for approximately
Warner Chilcott, a Rockaway, N.J.-based drug company focused on women's healthcare and dermatology, priced 70.6 million common shares at $15 per share (below $17-$19 range), for an IPO take of approximately $1.06 billion. It plans to trade on the Nasdaq under ticker symbol WCRX, while Goldman Sachs served as lead underwriter. The company was taken […]
InvesTools Inc. (Nasdaq: IEDU) has agreed to acquire ThinkorSwim Group Inc., operator of an online brokerage platform. The deal is valued at approximately $340 million, including $170 million in cash and 19.1 million IEDU common shares (30% stake). To help fund the deal, InvesTools will receive a $125 million senior term loan and a $25 […]
InvesTools Inc. (Nasdaq: IEDU) has agreed to acquire ThinkorSwim Group Inc., operator of an online brokerage platform. The deal is valued at approximately $340 million, including $170 million in cash and 19.1 million IEDU common shares (30% stake). To help fund the deal, InvesTools will receive a $125 million senior term loan and a $25 […]
Freescale Semiconductor Inc. (NYSE: FSL) has agreed to be acquired for $40 per share, for a total equity value of $17.6 billion. Blackstone Group is leading the buying consortium, which also includes The Carlyle Group, Permira Funds and Texas Pacific Group. A losing consortium included KKR, Apax, Bain Capital and Silver Lake Partners. www.freescale.com Oak […]
Amicus Therapeutics Inc., a Cranbury, N.J.-based drug company focused on genetic diseases like Fabry disease, has raised $60 million in Series D funding. New Enterprise Associates led the deal, and was joined by Och-Ziff Capital Management and return backers Canaan Partners, CHL Medical Partners, Frazier Healthcare Ventures, Palo Alto Investors, Prospect Venture Partners, Quaker BioVentures […]