Private Equity
Pure Alumina Ltd has agreed to acquire Polar Sapphire Ltd, a Toronto-based maker of high-purity alumina (HPA), according to a statement by the Australian company. Pure agreed to pay $25.75 million in cash and stock to Polar's private investors, which include ArcTern Ventures, Crux Capital Corp and MaRS Investment Accelerator Fund. Upon completion, three Polar representatives, including Founder and CEO Scott Nichol and ArcTern Managing Partner Tom Rand, will join Pure's six-member board. Founded in 2013, Polar’s low-cost HPA product is used in LED lighting, lithium batteries for electric vehicles, and other applications.
1 min read · 25 March 2019
Generac Holdings Inc (NYSE: GNRC) has acquired Neurio Technology Inc, a Vancouver-based intelligent energy management technology company. Terms weren't disclosed. Founded in 2005 and led by CEO Keith Marett, Neurio provides software, hardware and data science solutions to optimize energy consumption and reduce energy-related costs in the home. Generac, a Waukesha, Wisconsin-based maker of power generation equipment products, said the acquisition accelerates its connectivity and remote monitoring strategy. Neurio was backed by BDC Capital's ICE Venture Fund and other investors. The BDC fund provided Neurio with $1.5 million of seed-stage financing in 2014.
2 min read · 19 March 2019
Minute Media, a global technology and publishing platform, has acquired The Big Lead, a sports and news digital publication. No financial terms were disclosed. Minute Media is backed by Battery Ventures, Dawn Capital, Gemini Ventures, North Base Media, ProSieben, Qumra Capital, Goldman Sachs, La Maison, Vintage Investments and Remagine Ventures.
2 min read · 15 March 2019
AbleTo Inc, a provider of virtual behavioral health care, has acquired Joyable, an app-based digital therapy company. No financial terms were disclosed. Joyable was backed by Thrive Capital and Harrison Metal.
3 min read · 07 March 2019
BDC Capital's Healthcare Venture Fund and New Enterprises Associates (NEA) have agreed to vote in favour of Ipsen's acquisition of Clementia Pharmaceuticals (Nasdaq: CMTA). Last month, France's Ipsen agreed to acquire Clementia, a Montréal-based developer of treatments for ultra-rare bone disorders and other diseases, for US$1.31 billion ($1.72 billion). BDC and NEA, which respectively own about 14 percent and 7.1 percent of Clementia's issued and outstanding shares, join OrbiMed Advisors and other investors that have already indicated approval of the deal. These shareholders together hold a 51.7 percent interest in the company.
3 min read · 06 March 2019
Juniper Networks has agreed to acquire Mist Systems for $405 million. Based in Cupertino, California, Mist is a maker of a self-learning wireless network powered by artificial intelligence. Mist's backers included Kleiner Perkins, Lightspeed Venture Partners, Norwest Venture Partners, GV, NTT Docomo Ventures and Dimension Data.
4 min read · 06 March 2019
Pacira Pharmaceuticals Inc has agreed to acquire MyoScience, a medical tech company. Pacira will make an initial payment of $120 million with an additional $100 million contingent upon the fulfillment of certain milestones. MyoScience's backers include Accuitive Medical Ventures, American Equities Overseas, DeNovo Ventures, Nexus Medical Partners, Valiance and Sobera Capital.
6 min read · 06 March 2019
Compass has agreed to acquire Contactually, a Washington, DC-based software and service company, according to a blog post on its site. No financial terms were disclosed. Contactually's backers included Grotech Ventures, Rally Ventures, Correlation Ventures, Point Nine Capital, 500 Startups, Bull City Venture Partners and Middleland Capital.
1 min read · 28 February 2019
Stryker has acquired Menlo Park, California-based Arrinex Inc, a medical device company. No financial terms were disclosed. Arrinex was backed by 7 Gate Ventures.
1 min read · 28 February 2019
Instructure Inc has agreed to acquire San Diego-based Portfolium, a provider of students' digital work samples. No financial terms were disclosed. Portfolium's backers include University Ventures, Seed San Diego and Vertical Venture Partners.
3 min read · 26 February 2019
