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 […]
Apollo Management has agreed to acquire GE Advanced Materials (Silicones & Quartz) from General Electric (NYSE: GE) for approximately $3.8 billion. GE will retain a 10% stake in the resulting company, and will hold $400 million in notes. The deal is expected to close by year-end. GE Advanced Materials supplies silicone-based products, silanes, sealants, urethane […]
Competitive Power Ventures Holdings, a Silver Springs, Md.
Cortina Systems Inc., a Sunnyvale, Calif.-based provider of analog and digital ICs, has raised $132 million in fourth-round funding. The deal will be used to help finance Cortina's $115 million acquisition of Intel Corp.'s optical network components business. Institutional Venture Partners co-led the financing, alongside return backers Canaan Partners and Morgenthaler Ventures. Other new buyers […]
Freescale Semiconductor Inc. (NYSE: FSL) is on the block for more than $16 billion, according to The New York Times. The report says that an initial bid came from a consortium that includes The Blackstone Group, Permira, Texas Pacific Group, Carlyle Group and Bain Capital. Then a second, higher, bid came from KKR and Silver […]
Saints Capital has bought 10 mid-market buyout investments from 3i Group. No financial terms were disclosed for the deal, except that Saints received backing from Lexington Partners and Drawbridge Special Opportunities Fund. www.saintsvc.com www.3i.com Ashmore Inv*stment Management has acquired global power plant and pipeline company Prisma Energy International for $2.9 billion. The seller was bankrupt […]