Private Equity
FiberNet Telecom Group Inc. (Nasdaq: FTGX) said that RCN Corp. has withdrawn a $12.50 per share buyout offer. Consequently, the company will persue an $11.45 per share offer from Zayo Group, a Louisville, Colo.-based regional provider of fiber-based network services. The total deal would be valued at around $86 million. Zayo has raised around $225 million in private equity funding, from firms like Morgan Stanley Alternative Investment Partners, Charlesbank Capital Partners, Battery Ventures, Centennial Ventures, Columbia Capital, M/C Venture Partners and Oak Investment Partners.
2 min read · 10 July 2009
iZumi Bio Inc., a South San Francisco-based regenerative medicine company that uses induced pluripotent stem (iPS) cells, has merged with fellow stem cell company Pierian Inc. The merger is being financed by $11.5 million in new capital, including $10 million from existing Pierian backer MPM Capital. iZumi had previously raised $20 million from Highland Capital Partners and Kleiner Perkins Caufield & Byers. The combined company will be named iPierian Inc.
7 min read · 09 July 2009
Aepona Ltd., an Ireland-based provider of telecom software, has acquired Valista, a Dublin-based provider of payment, settlement and service lifecycle management solutions to mobile and broadband operators. No financial terms were disclosed. Aepona has raised nearly $50 million in VC funding from firms like Amadeus Capital Partners, Invest Northern Ireland, Polaris Venture Partners and Trinity Venture Capital.
3 min read · 08 July 2009
Medifacts International Inc., a Rockville, Md.-based cardiovascular core lab, has acquired the Clinical Trials Services unit of Spacelabs Healthcare Inc. No financial terms were disclosed. Medifacts has raised around $22 million from Ampersand Ventures and SV Life Sciences.
3 min read · 06 July 2009
Danoo, a digital location-based media network with interactive video screens in retail locations, has acquired IdeaCast, a provider of captive television advertising. No financial terms were disclosed. Minority shareholders in the combined company will include Danoo backer Kleiner Pekrins Caufield & Byers and previous IdeaCast owner National CineMedia LLC.
5 min read · 06 July 2009
The NewsMarket, a New York-based video platform for distribution to news organizations, has agreed to acquire Medialink Worldwide Inc. (Nasdaq: MDLK). The deal is valued at $1.28 million, or $0.20 per Medialink share. The NewsMarket has raised over $17 million in VC funding, from firms like Ascend Ventures, Atlantic Coastal Ventures, Apax Partners, Boldcap Ventures, CEI Ventures, Hearst Corp., High Peaks Venture Partners, NYCIC, Softbank Capital Partners and Village Ventures.
3 min read · 02 July 2009
1 min read · 02 July 2009
SkyCross Inc., a Viera, Fla.-based developer of wireless antenna solutions, has acquired Chinese antenna maker Shanghai Universe Communication Electronics Co. Ltd. No financial terms were disclosed. SkyCross has raised around $60 million in VC funding from firms like BEA Systems, Investor Growth Capital, Milcom Technologies, Gabriel Venture Partners, Intel Capital and TL Ventures.
2 min read · 01 July 2009
StrongMail Systems Inc., Redwood shores, Calif.-based provider of email delivery software, has acquired PopularMedia, a San Francisco-based provider of private-label viral marketing solutions for major brands. No financial terms were disclosed. StrongMail has raised around $28.5 million in VC funding, from firms like DAG Ventures, Evercore Partners, Globespan Capital Partners and Sequoia Capital. PopularMedia had raised around $18 million from DAG Ventures, Sequoia Capital and Steamboat Ventures.
4 min read · 01 July 2009
Catalyst Biosciences Inc., a South San Francisco-based developer of engineered proteases, has signed an exclusive worldwide collaboration agreement with Wyeth (NYSE: WYE), related to Factor VIIa products to treat hemophilia and other bleeding conditions. Under terms of the deal, Catalyst will receive a $21 million up-front payment, with the potential to earn over $500 million via research funding and milestone payments. Catalyst previously had raised around $83 million, frfom firms like Burrill & Co., Essex Woodlands Health Ventures, HealthCare Ventures, Johnson & Johnson Development Corp., Morgenthaler Ventures, Novartis BioVentures and Sofinnova Ventures.
3 min read · 30 June 2009
