Private Equity
Pfizer has agreed to acquire Therachon, a biotech company focused on rare diseases, for $340 million upfront with an additional $470 million in contingent payments. Goldman Sachs is serving as financial adviser to Therachon on the deal with Cooley LLP and Homburger AG providing legal advice. And, Arnold & Porter and Lenz & Staehelin are serving as legal advisers to Pfizer. Therachon is backed by Novo Holdings, Cowen Healthcare Investments, Pfizer Ventures, Tekla Capital Management LLC, Versant Ventures, OrbiMed, Bpifrance and Inserm Transfert Initiative.
4 min read · 09 May 2019
Pluralsight Inc has agreed to acquire GitPrime, a developer productivity platform, for $170 million. The deal is expected to close the week of May 6, 2019. GitPrime's backers include OpenView and Data Collective.
3 min read · 02 May 2019
Altice USA has agreed to acquire Cheddar, a digital-first news company, for $200 million. LionTree Advisors provided financial advice to Cheddar on the deal while Cooley served as legal counsel. Cheddar's backers include Lightspeed Venture Partners, Raine Ventures, Altice USA, Comcast Ventures, AT&T, Ribbit Capital, The New York Stock Exchange, Goldman Sachs, Liberty Global, Amazon, Homebrew, WGI Group, 7 Global Capital, Antenna Group and Dentsu Ventures.
5 min read · 30 April 2019
CloudBees has acquired Electric Cloud, a provider of continuous delivery and application release automation solutions. No financial terms were disclosed. CloudBees is backed by Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Delta-v Capital, Golub Capital and Unusual Ventures.
4 min read · 19 April 2019
Los Angeles-based SHO Products, a equipment and technology provider for solventless extraction equipment, has acquired Master Minded Distribution, a distributor of cannabis brands. No financial terms were disclosed. The acquisition follows SHO's recent announcement that it raised $3.6 million in Series A funding.
2 min read · 15 April 2019
TeleSense has acquired Webstech, a Danish wireless sensor tech company. No financial terms were disclosed. TeleSense's backers include Finistere Ventures, Congruent Ventures, Maersk Growth, Rabobank’s Food & Agri Innovation Fund, Radicle Growth, Trailhead Capital and Plug and Play Ventures.
3 min read · 15 April 2019
Corus Entertainment Inc (TSX: CJR.B) has acquired the Canadian operations of Kin Community, a Los Angeles-based digital media company focused on lifestyle content for women. Terms weren't disclosed. The Kin Canada team will remain in place. Corus, a Toronto-based media and content provider, said the acquisition strengthens its position in the lifestyle space and complements its existing social digital agency, so.da. Corus led Kin's US$12 million Series C financing in 2014 and joined its US$13.5 million Series D financing in 2016. The company's other investors include Emil Capital Partners, General Catalyst and Rustic Canyon Partners.
3 min read · 02 April 2019
TriNetX said it acquired Custodix, a provider of services for clinical trial design, patient feasibility and more. The financial details of the transaction were not released.
1 min read · 02 April 2019
Arteaus Therapeutics, a biotech development company co-founded by Atlas Venture and OrbiMed, has sold its royalty interest in Eli Lilly and Company's Emgality to Royalty Pharma for $260 million. Morgan Stanley was sole structuring agent on the monetization. Wilmer Cutler Pickering Hale and Dorr LLP served as legal adviser to Arteaus while Jones Day and Maiwald served as legal advisers to Royalty Pharma.
3 min read · 01 April 2019
Carbonite, a cloud-based data protection provider, has closed its previously announced acquisition of Webroot, a cybersecurity company. The price of the acquisition was $618.5 million. Webroot was backed by Accel, Mayfield Fund and TCV, according to Crunchbase.
3 min read · 27 March 2019
