Athersys Inc., a Cleveland-based regenerative medicine company, has completed a reverse merger with BTCH VI Inc. (OTC BB: BVIC), in which BTCH will change its name to Athersys. As part of the merger, BTCH has raised $65 million via a private placement. Radius Ventures led the deal, and was joined by OrbiMed Advisors, RA Capital […]
MCG Capital has sold Superior Publishing Corp. to American Consolidated Media, a newspaper operating company owned by Macquarie Media Group, for approximately $65 million. SPC publishes 19 local papers in northern Minnesota and Wisconsin.
Origin Digital Inc., a Weehawken, N.J.-based video applications service provider, has acquired video software applications company InterData Software Inc., according to VentureWire. No financial terms were disclosed. Origin recently raised $5.5 million in Series A funding from Constellation Ventures. www.origindigital.com
Summit Business Media LLC, a portfolio company of Wind Point Partners, has agreed to acquire Wicks Business Information from Wicks Group. No financial terms were disclosed for the deal, which is expected to close later this month. SBM publishes National Underwriter magazine and the NU Online News Service, while WBI publishes Investment Advisor, Credit Union […]
Updated after jump While moderating a panel at Buyouts Symposium East earlier this year, I asked about the surprising lack of buyout-backed IPOs in 2007. Each panelist looked at me quizzically, and responded that it was just a statistical anomaly that would soon correct itself (save for one panelist who said my numbers must be […]
First Data Corp. (NYSE: FDC) has completed its previously-announced acquisition of FundsXpress, an Austin, Texas-based provider of online banking and bill payment services for consumers and small businesses. No financial terms were disclosed. FundsXpress was advised by Lane Berry & Co., and had raised $80 million in total VC funding from firms like Warburg Pincus, […]
Prospect Mortgage Co., a platform acquisition company of Sterling Capital Partners, has acquired Metrocities Mortgage LLC, a Sherman Oaks, Calif.
Questex Media Group Inc., a B2B media acquisition platform of Audax Group, has acquired Imaging Network, a Fort Lauderdale, Fla.