Consortium to buy biotech company Ambrx

A consortium comprised of Shanghai Fosun Pharmaceutical Group, HOPU Investments, China Everbright Limited‘s healthcare fund and WuXi PharmaTech has agreed to acquire Ambrx Inc. No financial terms were disclosed for the transaction that’s expected to be completed in the second quarter of this year. BMO Capital Markets Corp. is serving as financial advisor on the deal. Based in La Jolla, California, Ambrx is a biotech company.


Cerberus sells Silverleaf Resorts to Orange Lake Holdings

Cerberus Capital Management has sold Silverleaf Resorts Inc to Orange Lake Holdings. No financial terms were disclosed. Credit Suisse provided financial advice to Silverleaf and Cerberus on the transaction. Silverleaf Resorts is a vacation ownership company.


BelHealth sells Aureus to Meijer

BelHealth Investment Partners has sold Aureus Health Services to Meijer. No financial terms were disclosed. Based in Pittsburgh, Aureus is a specialty pharmacy and health management company.


Insight Venture-backed Planview buys Troux

Planview, which is backed by Insight Venture Partners, has acquired Troux, an enterprise solutions provider. No financial terms were disclosed. Lazard was financial advisor to Troux on the transaction.


Insight Equity-backed APP acquires A-Brite and Thermotech

A.P. Plasman, a portfolio company of Insight Equity Holdings LLC, has recently closed two add-on acquisitions: A-Brite Plating Company and Thermotech Inc. Based in Cleveland, A-Brite is a custom chrome plating company while Hopkins, Minnesota-based Thermotech is a maker of injection-molded electrical and mechanical components and assemblies. No financial terms were disclosed.

Aavid buys Kunze-Folien GmbH

Aavid Corp, a portfolio company of the Audax Group, has acquired Kunze-Folien GmbH. Financial terms weren’t announced. Based in Oberhaching near Munich, Germany, Kunze designs, makes and integrates thermally conductive films, heat sinks, and transistor clips in power and other electronic environments.

Kinderhook-backed Lodis merges with American Belt

Kinderhook Industries said Wednesday that portfolio company Lodis Accessories has merged with The American Belt Company. The Ford family was the seller. Financial terms weren’t announced. The combined company was renamed American Accessories. Bensalem, Pennsylvania-based American Belt provides men’s accessories, like belts and wallets and small leather goods. Financing for the transaction was provided by PNC Bank. HT Capital Advisors advised The American Belt Company.

PE-backed Thorpe makes two acquisitions

Thorpe Specialty Services Corporation, a portfolio company of the CapStreet Group, has acquired Canada-based Chem-Star and Oklahoma-based Energy Specialty Contracting Inc. No financial terms were disclosed. Chem-Star offers pressurized tanks, RFP, abrasive blasting and paint coatings in addition to vessel lining systems while ESCI provides insulation services.


Texas Next Capital to sell Summit Air Ambulance

REACH Air Medical, a unit of Lewisville, Texas-based Air Medical Group Holdings, which provides air medical services, has agreed to acquire Summit Air Ambulance from Texas Next Capital. No financial terms were disclosed. AMGH is backed by Kohlberg Kravis Roberts & Co.


VC-backed Zuora buys Frontleaf

Zuora has acquired Frontleaf, a customer usage analytics provider. No financial terms were disclosed. Zuora’s backers include Wellington Management Company, BlackRock, Premji, Passport Capital, Benchmark Capital, Greylock Capital, Redpoint Ventures, Index Ventures, Shasta Ventures, Vulcan Capital and Next World Capital.

Welltok buys VC-backed Predilytics

Welltok has acquired Predilytics, a provider of healthcare analytics. No financial terms were disclosed. Welltok’s backers include Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners, New Enterprise Associates and Qualcomm Ventures while Predilytics’ investors included Flybridge Capital Partners, Google Ventures and Highland Capital Partners.

ConvergeOne buys Sunturn

ConvergeOne, a Clearlake Capital Group portfolio company, said Wednesday it has acquired Sunturn. Financial terms weren’t announced. Littleton, Colorado-based Sunturn provides unified communications, collaboration and contact center solutions to mid-market businesses in the healthcare, education, and other verticals.


ConvergeOne buys Mountain States Networking

ConvergeOne, a Clearlake Capital Group portfolio company, said Wednesday it has acquired Mountain States Networking. Financial terms weren’t announced. With offices in Portland, Las Vegas, Salt Lake City, Utah and Meridian, Idaho, Mountain States provides network solutions in the Western United States.

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