AnalogicTech Inc. (Nasdaq: AATI) has acquired the power management analog business of China-based IPCore Technologies Corp., including subsidiary AP Semi and certain related assets. The deal is valued at $21.5 million in cash. IPCore backers include 3i Group, Pacific Venture Partners and Walden International. www.analogictech.com www.ipcoreinc.com
Clifton House Acquisition Ltd. has sold The Expanded Metal Company Ltd. (EMCO), a UK-based supplier of expanded metal mesh components and finished goods, to Gibraltar Industries Inc. (Nasdaq: ROCK). No financial terms were disclosed, except that EMCO has annual sales of approximately $62 million. www.gibraltar1.com
HealthMedia Inc., an Ann Arbor, Mich.-based provider of online behavior change interventions, has acquired MySelfHelp.com, a provider of online behavioral health interventions, including programs for depression and insomnia. No financial terms were disclosed. HealthMedia has raised over $13 million in VC funding from firms like Chrysalis Ventures, Avalon Ventures, the Princeton Fund and Arboretum Ventures. […]
Buffets Inc., an Egan, Minn.-based portfolio company of Caxton-Iseman Capital, has completed its $16.25 per share acquisition of Ryan's Restaurant Group Inc. (formerly Nasdaq: RYAN). Leverage for the deal was arranged by Credit Suisse Securities, UBS Securities and Goldman, Sachs & Co., which resulted in a full refinancing of Buffets' and Ryan's existing debt; and […]
Clear Channel Communications (NYSE: CCU) has retained Goldman Sachs to evaluate “various strategic alternatives to enhance shareholder value.” One such alternative could be an $18.5 billion buyout, with interested firms including Blackstone, KKR, Providence Equity Partners and Thomas H. Lee Partners. www.clearchannel.com Apax Partners France has agreed to acquire Telenor Satellite Services from Telenor (Nasdaq: […]
The Blackstone Group and PAI Partners have agreed to buy UK-based biscuits maker United Biscuits from Cinven and MidOcean Partners. The deal is valued at just over ₤1.6 billion, and gives United Biscuits an enterprise value of around ₤2.4 billion. Blackstone had been considered the leading bidder for several weeks, after a Premier Foods-led group […]
Q3 Venture Capital Totals: Venture Capitalists invested $6.2 billion in 797 deals in Q3 of 2006, a decrease of eight percent from Q2, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data by Thomson Financial (publisher of PEW Wire ). The quarter saw increased investment in seed and […]
Jingle Networks Inc., a Menlo Park, Calif.
SGS International Inc., a Louisville, Ky.-based provider of graphics and packaging services, has acquired two companies: The Box Room Ltd., a UK-based artwork and project management services company; and the packaging division of Lukkien Foto & Design BV, a Netherlands-based media and advertising services company. No financial terms were disclosed. SGS is a portfolio company […]
Capgemini, a France-based provider of tech consulting and outsourcing, has agreed to acquire Kanbay International (Nasdaq: KBAY), a Rosemont, Ill.-based provider of IT services for the financial services market. The total deal is valued at $1.25 billion, with Kanbay shareholders to receive $29 per share in cash. Kanbay went public in 2004, but VC backers […]