1 min read · 10 February 2009
Mill Road Capital is participating in a cash tender offer to purchase all outstanding shares of Galaxy Nutritional Foods Inc. (OTC BB: GXFY) for $0.36 per share.
4 min read · 10 February 2009
H. Lundbeck AS has agreed to acquire Ovation Pharmaceuticals Inc. for up to $900 million in cash. The deal includes a $600 million up-front payment that is expected to come next month, with the remaining $300 million contingent on Ovation reaching certain clinical milestones within one year of closing. Ovation Pharmaceuticals is a Deerfield, Ill.-based company formed in 2000, to develop specialty compounds for the US market and for niche indications with high unmet medical needs. GTCR-Golder Rauner acquired a majority stake in Ovation in 2002 for approximately $150 million.
5 min read · 10 February 2009
4 min read · 10 February 2009
Kensington Capital Partners and Orchard Plainfield LLC have sponsored a recapitalization of Polymer Plainfield Holdings Inc., a Plainfield, Ill.-based maker of metal and injection molding components. No financial terms were disclosed.
2 min read · 10 February 2009
1 min read · 10 February 2009
2 min read · 10 February 2009
Chuck Hagel, former U.S. Senator from Nebraska, has agreed to join McCarthy Group’s private equity business as a senior advisor. He will maintain offices in Omaha and Washington, D.C.
2 min read · 10 February 2009
Haggin Marketing, a San Francisco-based multichannel direct marketing services agency, has acquired Palo Alto, Calif.-based digital marketing agency SolutionSet. No pricing terms were disclosed. The deal was financed by Haggin Marketing sponsor Lake Capital. SolutionSet had raised venture capital from Fog City Fund.
3 min read · 10 February 2009
Axell Wireless, a UK-based provider of wireless coverage solutions for the public safety sector, has acquired Israeli rival Dekolink. No financial terms were disclosed, except that Axell Wireless partially financed the deal via a new investment from existing sponsor ECI Partners.
4 min read · 10 February 2009
