Mission Therapeutics raises $85.8 mln

Mission Therapeutics said Tuesday it raised a 60 million pound ($85.8 million) financing round led by Imperial Innovations Businesses LLP. New investor Woodford Patient Capital Trust Plc took part with follow-on investment from existing shareholders Sofinnova Partners, SR One, Roche Venture Fund and Pfizer Venture Investments. U.K.-based Mission Therapeutics is a drug discovery and development company.


Synoptek buys EarthLink’s IT services business for $29 mln

Synoptek, a portfolio company of Sverica Capital Management LLC, has acquired EarthLink’s IT Services business. Five Points Capital and Portfolio Advisors are also investing. Zions Bank and Comerica are providing debt financing. Atlanta-based Earthlink, in a separate announcement, said the sale impacts approximately 1,700 customers that are serviced through data centers and office locations in the continental US and Canada. Earthlink said it would receive $29 million in proceeds for the business. Bank Street served as EarthLink’s exclusive financial advisor and Troutman Sanders provided legal advice.


High Road Capital exits Panos brands

High Road Capital said Tuesday it sold Panos brands LLC to Hammond, Kennedy, Whitney & Company Inc. Financial terms weren’t announced. Rochelle Park, New Jersey-based Panos makes and markets natural and specialty food products like KA-ME Asian foods, Andrew & Everett hormone-free cheeses, MI-DEL gluten-free and peanut-free cookies and pie crusts. Harris Williams & Co. advised PANOS while Jones Day provided legal advice.


CenterOak buys majority of Cascade Windows

CenterOak Partners LLC has acquired a majority stake in Cascade Windows Inc. Financial terms weren’t announced. Altamont Capital Partners, the seller, acquired Cascade in 2012. Spokane, Washington-based Cascade designs, makes and sells vinyl windows and sliding doors for more than 25 years.


Permira to sell Creganna Medical for $895 mln: UPDATED

Permira said Tuesday that it has agreed to sell Creganna Medical to TE Connectivity for $895 million. Plymouth, Minnesota-based Creganna makes delivery devices for the minimally invasive vascular surgery market. Piper Jaffray advised Permira while Skadden, Arps, Slate, Meagher & Flom LLP was their attorney. UPDATE: Permira is expected to make 3.47x its money with the sale, according to a source familiar with the situation.


Zest Anchors buys Danville Materials

Zest Anchors Inc., a portfolio company of Avista Capital Partners, has acquired Danville Materials LLC. Financial terms weren’t announced. Inverness Graham Investments was the seller. San Ramon, Californa-based Danville Materials makes restorative consumables and small equipment for the dental market. Deutsche Bank advised Zest while Weil, Gotshal & Manges LLP was their attorney. Danville received legal advice from Drinker Biddle & Reath LLP.

person in hospital (1)

Madison Dearborn to make 4x its money with Sage Products sale

Madison Dearborn Partners, which is out fundraising for its seventh pool, is expected to quadruple its investment with the sale of Sage Products. Stryker Corp said Monday it would buy Sage for $2.7 billion cash. The deal is expected to close in second quarter. Cary, Illinois-based Sage makes disposable medical supplies that are used to […]


Madison Dearborn to sell Sage Products for $2.775 bln

Stryker Corp has agreed to buy Sage Products, a portfolio company of Madison Dearborn Partners, for $2.775 billion. Cary, Illinois-based Sage develops products used to prevent hospital-acquired conditions. Barclays advised Sage with Kirkland & Ellis LLP and Madden, Jiganti, Moore & Sinars LLP providing the company with legal counsel. JP Morgan is serving as Stryker’s exclusive financial advisor while Sullivan & Cromwell LLP was their lawyer.


Royal Adhesives buys Weld Mount Systems

Royal Adhesives & Sealants LLC, a portfolio company of American Securities LLC, said Monday it acquired the business assets of Weld Mount Systems. Financial terms weren’t announced. Durham, Connecticut-based Weld Mount provides fasteners designed for applications such as wire tie mounts, hose and cable clamps, studs, standoffs, and floating nut plates.


Sopris Capital leads Series A for Click Notices

Click Notices Inc. said Monday that it closed a Series A round led by Sopris Capital. Financial terms weren’t announced. Annapolis, Maryland-based Click Notices is a SaaS provider of delinquency management services to the multifamily property industry.


Smith named SVP of Houghton International: CORRECTED

Houghton International Inc said Monday that Kevin Smith was named Senior VP, Houghton International and president, Europe, Middle East and Africa (EMEA) and Global Automotive and Aerospace, effective February 1. Before joining Houghton, Smith was chief executive officer, EMEA for Arysta Lifescience. CORRECTION: Houghton is a portfolio company of AEA Investors. owned by the Hinduja Group.

Correction: A prior version of this story said that AEA Investors owned Houghton. AEA sold Houghton in 2012 to the Hinduja Group. 


NGP commits $200 mln to PCORE Exploration & Production II LLC

Natural Gas Partners has agreed to commit $200 million to PCORE Exploration & Production II LLC. Dallas-based PCORE II is an exploration and production company that is focused on developing core unconventional oil prospects in North America. Mark Hiduke, David Hall, Colin O’Farrell and Billy Hannes lead PCORE II. The founders were previously leaders of PCORE Exploration & Production LLC, which was founded in May 2014 and sold in January 2016.


Carnelian Energy Capital invests in Percussion Petroleum

Carnelian Energy Capital Management LP has invested in Percussion Petroleum LLC. Financial terms weren’t announced. Houston-based Percussion is an oil and natural gas company focused on acquiring and exploring opportunities in select onshore basins in North America.

surprised, shocked, stunned,

Abrupt resignation of Coller Capital CEO stuns industry

Coller Capital, citing “compelling personal reasons,” confirmed Friday that Tim Jones has stepped down as CEO of the firm. Jones has begun winding down his responsibilities, Coller said in the statement. He will retain non-executive involvement with Coller and is currently listed as a special adviser on the Coller website. London-based Coller Capital did not […]


Sinclair Broadcast to buy the Tennis Channel

Sinclair Broadcast Group Inc. has agreed to buy the Tennis Channel for $350 million. The deal is expected to close in first quarter. Sellers include Apollo Partners, Bain Capital Ventures, Battery Ventures, CCMP Capital and Columbia Capital. LionTree Advisors and Evolution Media Capital advised the tennis channel.


Sentinel Capital buys Marketplace Events

Sentinel Capital Partners said Thursday it acquired Marketplace Events. Financial terms weren’t announced. Solon, Ohio-based Marketplace Events organizes and operates consumer shows targeting the home improvement and enthusiast market including remodeling, home décor, and gardening.


Baird Capital exits Boston Plastics

US Farathane Corp, a portfolio company of The Gores Group, has acquired Boston Plastics. Financial terms weren’t announced. Baird Capital is the seller. Shanghai-based Boston Plastics makes plastic injected molded components and assemblies for the automotive, industrial, and consumer end-markets.