Athenagen Inc., a South San Francisco-based drug company focused on neurovascular diseases, has raised $50 million in Series B funding. Sanderling Ventures and Clarus Ventures co-led the deal, and were joined by Index Ventures and return backers Charter Life Sciences and Astellas Venture Management. www.athenagen.com Sun Capital Partners has made a $9 per share bid […]
Demand Media Inc., a Santa Monica, Calif.-based acdquiror of online content sites and generic Internet domain names, has raised $100 million in second-round funding. 3i Group and Oak Investment Partners co-led the deal, while Spectrum Equity Investors also participated. Demand Media was formed earlier this year with a $120 million infusion from Oak, Spectrum and […]
Acquicor Technology Inc. (AMEX: AQ) has agreed to acquire Jazz Semiconductor Inc., via a $260 million reverse merger. Acquicor is a blank check acquisition company formed earlier this year by former Apple Computer executives Gilbert Amelio, Ellen Hancock and Steve Wozniac. Jazz is a Newport Beach, Calif.-based wafer foundry that was formed in 2002 by […]
General Atlantic has agreed to acquire a 52% interest in Emdeon Business Services from Emdeon Corp. (Nasdaq: HLTH). The total transaction is valued at approximately $1.2 billion, including $320 million from General Atlantic and $925 million in leverage from Citigroup, Deutsche Bank and Bear Stearns. Emdeon was advised by The Blackstone Group and Citigroup Corporate […]
CVC Capital Partners has agreed to buy DCA Group Ltd. (ASX: DVC), an Australian nursing home and radiology clinic operator, for Au$1.7 billion (US$1.3 billion). www.dcagroup.com.au NovaCardia Inc., a San Diego-based drug company focused on cardiovascular disease, has raised $48 million in Series B funding. Skyline Venture led the deal, and was joined by InterWest […]
Shandong Chenming Paper Holdings Ltd. has scrapped its planned sale of a 30% controlling interest to CVC Capital Partners. The deal had been intended to help Shandong Chenming build its own pulp mill, with the company now hoping to borrow $752 million in long-term loans from the China Industrial Development Bank. Globespan Capital Partners is raising […]
Time Warner Telecom Inc. (Nasdaq: TWTC) has agreed to acquire Xspedius Communications LLC, an O'Fallon, Mo.
HCA (NYSE: HCA) has agreed to be sold in what would be the largest leveraged buyout in history. The deal is valued at approximately $33 billion, including the assumption or repayment of around $11.7 billion in debt. Equity sponsors include Bain Capital, KKR, Merrill Lynch Global Private Equity and HCA founder Thomas F. Frist Jr. […]
WebMD Health Corp. (Nasdaq: WBMD) has agreed to acquire Medsite Inc., a New York
Gilead Sciences Inc. (Nasdaq: GILD) has exercised its option to purchase Corus Pharma Inc., a Seattle-based drug company focused on respiratory diseases. The deal is valued at $365 million, and is expected to close later this quarter. Gilead became Corus' second-largest shareholder this past April via a $25 million investment, and also received an exclusive […]