Abbott Labs (NYSE: ABT) and Enanta Pharmaceuticals have signed a global agreement to jointly develop and commercialize hepatitis C virus (HCV) NS3 and NS3/4A protease inhibitors. Upon closing, Entanta will receive a $57 million upfront payment, which includes both cash and an equity investment, while the entire deal could be worth more than $250 million. […]
DemandTec Inc., a San Carlos, Calif.-based provider of consumer-centric merchandising software, has acquired TradePoint Solutions Inc., a Pleasanton, Calif.-based provider of online deal management software linking manufacturers, sales agencies and retailers on one platform. No financial terms were disclosed. DemandTec has raised around $50 million in total VC funding since 1999 — including a 2003 […]
Apex Companies LLC, a Rockville, Md.-based environmental services firm, has acquired The SI Companies, an Arlington, Ill.-based environmental consulting and water utility maintenance firm. No financial terms were disclosed. Apex is a portfolio company of Blue Point Capital Partners. www.bluepointcapital.com
Local Insight Media LLC, a provider of print directories and Internet-based local search services in Alaska and the Caribbean, has agreed to merge with CBD Media LLC, a publisher of the Cincinnati Bell-branded yellow pages. The deal will result in Local Insight owner Welsh, Carson, Anderson & Stowe owning a majority of the combined company, […]
Hexaware Technologies, a Mumbai, India-based IT and BPO service provider, has completed its acquisition of FocusFrame Inc., a Mountain View, Calif.
BitTorrent, a San Francisco P2P file-sharing company, has acquired the uTorrent application for an undisclosed amount. BitTorrent last week raised $20 million from Accel Partners and DCM, and is in talks to raise an additional $5 million. www.bittorrent.com
I was on CNBC this morning (video here) to discuss last year’s $6.6 billion buyout of the original category killer: Toys ‘R’ Us. It was part of an ongoing “Buyout Scorecard” series, but the reality is that it’s too early to be rending judgment on equity sponsors Bain Capital, KKR and Vornado Realty. Not far […]
I’ll be on CNBC tomorrow morning at 7:40am to discuss the Toys ‘R’ U buyout, one year later. Lots of debt, lots of real estate and lots of Barbie Dolls… Got any thoughts, be sure to let me know.
TelePacific Communications, a Los Angeles
With all the mega-LBO activity of late, it’s sometimes easy to forget that the most transactional action remains in the middle-markets (redefined as deals between $50 million and $1 billion). So let’s play 5 Questions with Randal Stephenson, head of middle-market M&A at CIT Group: 1. Private equity deals are making up an ever-larger piece […]