Private Equity
2 min read · 16 August 2010
US WorldMeds LLC has acquired Solstice Neurosciences Inc., a Malvern, Pa.-based drug company whose first product is a botulinum toxin type B. The deal is valued at $35 million. Solstice Neurosciences had raised around $90 million in VC funding, plus another $35 million in venture debt. Equity backers included Highland Capital Management, Thomas, McNerney & Partners, Investor Growth Capital, Morgan Stanley Venture Partners and Oxford Bioscience Partners.
3 min read · 16 August 2010
REVA Medical Inc., a San Diego-based developer of bioresorbable stents to treat arterial disease, has filed for a $63 million IPO in Australia. Inteq Ltd. is serving as lead underwriter. The company has raised around $57 million in VC funding, from groups like Domain Partners (21.6$ pre-IPO stake), Cerberus Capital Management (11.4%), Brookside Capital (11%) and Group Outcome (5.6%). www.teamreva.com
1 min read · 16 August 2010
Smooth-Stone, an Austin developer of ARM-based server chips, has raised $48 million in first-round funding. Backers include ARM, Advanced Technology Investment Co., Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments.
6 min read · 16 August 2010
Mistral Equity Partners has acquired juicemaker Country Pure Foods from First Atlantic Capital and DN Partners. No financial terms were disclosed.
2 min read · 13 August 2010
1 min read · 13 August 2010
CeNeRx BioPharma Inc., a Cary, N.C.-based developer of CNS drugs, has raised $13 million in new Series C funding (including $3m in debt). Return backers include Aisling Capital, L Capital Partners and Pappas Ventures.
2 min read · 13 August 2010
WePay, a Palo Alto, Calif.-based payment startup that helps groups collect and manage money online, has raised $7.5 million in Series B funding. Highland Capital Partners led the round, and was joined by return backer August Capital. The company previously raised $1.65 million.
4 min read · 13 August 2010
2 min read · 13 August 2010
EcoATM, a San Diego-based provider of in-store solutions that capture, track and recycle mobile devices, has raised an undisclosed amount of VC funding from Coinstar Inc. (Nasdaq: CSTR).
2 min read · 12 August 2010
