Private Equity
Munich Re has acquired Boston-based Relayr, a provider of industrial internet of things solutions, for $300 million. Relayr's backers included Kleiner Perkins Caufield & Byers and Munich Venture Partners.
3 min read · 04 September 2018
Otsuka has closed its previously announced acquisition of Visterra, a developer of antibody-based therapies for the treatment of patients with kidney diseases and other hard-to-treat diseases, for about $430 million in cash. Visterra's backers included Polaris Partners, Flagship Pioneering, the Bill and Melinda Gates Foundation, MRL Ventures Fund, Vertex Ventures HC, Temasek Holdings, Lux Capital, Alleghany Financial Group Ventures, CTI Life Sciences Fund and Alexandria Equities.
2 min read · 04 September 2018
Atlassian has agreed to acquire OpsGenie, which is backed by Battery Ventures, for $295 million. Based in Boston, OpsGenie is a provider of alerting and on-call management solutions for development and operations teams.
3 min read · 04 September 2018
Genomics company 10x Genomics has acquired Epinomics, a provider of epigenetic technology. No financial terms were disclosed. 10x Genomics' backers include Venrock, Softbank, Foresite Capital, Fidelity and Meritech Capital. And, Epinomics' backers included Lightspeed Venture Partners, Felicis Ventures and Founders Fund.
3 min read · 30 August 2018
Durham, North Carolina-based Prescient, a BIM design and building platform, has named Todd Meckley as vice president of design and Rich Pond as chief marketing officer. Meckley was founder of Entasis Design while Pond previously worked at BP where he led the Americas marketing team for its lubricants division. Prescient's backers include Eldridge Industries.
5 min read · 27 August 2018
Astellas Pharma has acquired UK-based Quethera, a gene therapy company. According to terms of the deal, Astellas may pay up to 85 million pounds to Quethera shareholders. Quethera was backed by UK Innovation and Science Seed Fund and Cambridge Enterprise.
3 min read · 10 August 2018
Siemens is acquiring Boston software firm Mendix for $730 million in cash, according to a blog post on the former company's website. Mendix's backers include Battery Ventures and Prime Ventures.
1 min read · 02 August 2018
Information Venture Partners is seeing a lucrative payday with the US$1.55 billion sale of a Silicon Valley business-planning software provider. Adaptive Insights, backed by Information VP for more than a decade, was sold this week to Workday. The deal gave the Toronto venture firm about 10x its investment, a person with knowledge of the matter told PE Hub Canada. Information VP declined comment. Adaptive is one of several major liquidity events Information VP completed in recent months.
3 min read · 02 August 2018
New Zealand accounting software company Xero has agreed to acquire Hubdoc, a Toronto-based data capture solution that helps accountants, bookkeepers and small businesses streamline administrative tasks. The cash-and-stock deal is valued at about $91 million (US$70 million). Hubdoc, founded in 2011 by co-CEOs Jamie McDonald and Jamie Shulman, serves customers in North America, the United Kingdom and Australia. It will continue to operate on a standalone basis, led by existing managers. Hubdoc last year raised about $6.4 million in a seed-stage financing led by BDC Capital and Round13 Capital and joined by Hyde Park Venture Partners and other investors.
4 min read · 01 August 2018
Bullhorn has acquired UK-based Invenias, a provider of cloud-based software for executive search firms. No financial terms were disclosed. Invenias is backed by MMC Ventures.
4 min read · 27 July 2018
