Private Equity
Quorum Software, a portfolio company of Thoma Bravo, has agreed to acquire Houston-based Coastal Flow, a family of energy measurement services and software companies. No financial terms were disclosed. Credit Suisse Securities (USA) LLC and Macquarie Capital are serving as financial advisers to Quorum on the deal while PPHB Securities LP did likewise for Coastal Flow.
5 min read · 26 February 2019
Ipsen has agreed to acquire Clementia Pharmaceuticals (Nasdaq: CMTA), a Montréal-based developer of treatments for people with ultra-rare bone disorders and other diseases. Ipsen agreed to pay US$25 per share in cash upfront plus deferred payments, bringing the total consideration to US$1.31 billion ($1.73 billion). Ipsen, a Paris-based specialty biopharmaceutical group, said the purchase of Clementia's drug candidate palovarotene and other assets will boost its rare disease portfolio. Founded in 2010 by CEO Clarissa Desjardins, Clementia was venture-capital-backed before going public in 2017, raising $174 million. Several investors, including BDC Capital, New Enterprise Associates and OrbiMed Advisors, continue to hold stakes in the company.
9 min read · 25 February 2019
DoubleVerify has acquired Zentrick, a digital video technology company. No financial terms were disclosed. Zentrick's backers included Fortino Capital.
3 min read · 21 February 2019
JFrog has acquired Seattle-based Shippable, a continuous integration and DevOps automation platform company. No financial terms were disclosed. Shippable was backed by Madrona Venture Group.
3 min read · 21 February 2019
N3K has acquired Cygna Labs, a provider of compliance solutions. No financial terms were disclosed. Cygna Labs was backed by Blackbird Ventures.
3 min read · 21 February 2019
Interset, an Ottawa-based security analytics software provider, has been acquired by Micro Focus (LSE: MCRO, NYSE: MFGP) for an undisclosed amount. Founded in 2001 as Gridiron Software, Interset uses behavioural analytics, machine learning, big data and risk forensics to provide solutions for insider and targeted outsider cyber-threat detection. The company has been led by CEO Mark Smialowicz. Micro Focus, a Newbury, U.K.-based enterprise application software company, said the acquisition adds depth to its security, risk and governance portfolio. Interset raised financing from Canadian and U.S. venture capital firms, including Anthem Venture Partners, In-Q-Tel, Toba Capital and Telesystem.
4 min read · 19 February 2019
GN Audio has acquired Cupertino, California-based Altia Systems, a provider of video communications solutions, for $125 million. Altia was backed by Naya Ventures.
3 min read · 19 February 2019
Macquarie Capital Venture Studio, a platform launched by Macquarie Capital and R/GA Ventures, has acquired three infrastructure tech companies: AirMap Inc, Envoy Technologies and Teralytic Inc. No financial terms were disclosed.
3 min read · 19 February 2019
HomeToGo has acquired Tripping.com, a U.S.-based vacation rental meta-search site. No financial terms were disclosed. In conjunction with the transaction, Princeville Global, which led the Series C funding round for Tripping.com, made an undisclosed investment into HomeToGo.
2 min read · 15 January 2019
HJB and MabSpace Biosciences have merged to form Transcenta Holding Ltd, a biotherapeutics company. No financial terms were disclosed. BFC Group Ltd served as financial adviser on the transaction. Dr. Xueming Qian, former founder, chairman and CEO of MabSpace, will serve as CEO of Transcenta while Dr. Jonathan Yining Zhao, co-founder and CEO of HJB, will serve as executive chairman. The backers of HJB and MabSpace include Lilly Asia Ventures, Temasek, Sequoia China, ARCH Venture Partners, Teng Yue Partners and Taikang.
5 min read · 02 January 2019
