Sugar Inc., a San Francisco-based blog publisher, has acquired ShopStyle Inc., a Los Altos, Calif.-based social shopping website. Sugar has raised more than $5 million in VC funding from Sequoia Capital and NBC Universal Digital Media. www.sugarpublishing.com www.shopstyle.com
Syrgis Performance Products, a halogen chemistry company backed by Edgewater Capital Partners, has acquired the organic peroxides business of Norac Inc. No financial terms were disclosed, except that the transaction is expected to add more than $50 million in annual revenue to Syrgis. www.edgewatercapital.com www.syrgis.com
ISH Inc., a Fairfield, Conn.-based provider of professional services for healthcare, has acquired Paradigm Business Solutions, a provider of strategic consulting services and of Lawson Software application and technical solutions. No financial terms were disclosed. ISH is a portfolio company of Summit Partners.
Susser Holdings Corp. (Nasdaq: SUSS) has agreed to acquire the parent company of Town & Country Food Stores, a San Angelo, Texas-based convenience store operator in West Texas and Eastern New Mexico. The deal is valued at approximately $361 million. Wellspring Capital holds nearly a 40% stake in Susser, as of this past April. www.susser.com
Universal American Financial Corp. (Nasdaq: UHCO) has completed its acquisition of pharmacy benefits manager MemberHealth Inc., for approximately $630 million (55% cash, 45% UAF stock). The deal is being backed by a $350 million PIPE investment in UAF by Lee Equity Partners, Perry Capital, Union Square Partners Management (f.k.a. Capital Z) and Welsh, Carson, Anderson […]
Last month, cancer drug company Adnexus Therapeutics raised VC funding and filed for an IPO on subsequent weeks. I wrote the following: “Call me cynical, but I’m not so sure Adnexus is itching to go public. Instead, it seems like a company positioning itself to be acquired.” Being right feels so much better than the alternative. […]
EQT Partners has sold deSter Holding BV, an Amsterdam-based provider of in-flight hospitality items, to Gate Gourmet for an undisclosed amount. Merrill Lynch bought Gate Gourmet earlier this year from TPG. www.eqt.se www.gategourmet.com
AllHeart, a Camarillo, Calif.-based ecommerce site for medical uniform and other healthcare apparel and items, has acquired Jasco Uniform, a Vernon Hills, Ill.-based direct mail marketer of uniform apparel, diagnostic instruments and other healthcare products. No financial terms were disclosed. AllHeart is a portfolio company of Friend Skoler & Co. www.allheart.com
AthenaHealth is the only VC-backed IPO to price in all of September. In fact, it’s the only PE-backed IPO to price in all of September, as not a single buyout-backed offering has made the cut. Not too shabby for a company that lost over $10 million over the past twelve months, and has only around […]
Kurz-Kasch Inc., a Dayton, Ohio