Gennum Corp. (TSX: GND) has agreed to sell its hearing instrument products and manufacturing operations to Sound Design Technologies Ltd., a portfolio company of Gores Equity. The deal is valued at Cnd$14 million in cash, plus another Cdn$1.3 million in possible milestone payments. Genuity Capital Markets advised Gennum on the transaction. www.gennum.com www.gores.com
Network Communications Inc., a Lawrenceville, Ga.
Author Solutions (a.k.a. AuthorHouse), a Bloomington, Ind.-based self-publishing company, has acquired rival iUniverse for an undisclosed amount. Author Solutions is a portfolio company of Bertram Capital. iUniverse had raised over $39 million in VC funding from firms like Warburg Pincus, including a 2001 infusion at a post-money valuation of approximately $131 million (Warburg later sold […]
Canon Communications LLC of Los Angeles has acquired Engel Publishing Partners from Euromoney Institutional Investor PLC. No financial terms were disclosed. Engel is a B2B media company focused on the pharmaceutical market. Canon is controlled by Spectrum Equity Investors. www.cancom.com
Focus Brands, a restaurant franchise acquisition platform backed by Roark Capital Partners, has acquired Moe's Southwest Grill, a fast-casual restaurant chain with 360 locations. No financial terms were disclosed. Focus Brands now has five franchise brands generating over $1 billion in annual system-wide revenue. Moe's joins sister companies Carvel Ice Cream (acquired in 2001), Cinnabon […]
Horizon GmbH, a portfolio company of PPM Capital, has acquired fellow German staffing company Jobs in Time Holding GmbH for an undisclosed amount. The acquisition Baird advised PPM Capital on the deal.
Altice B2B France is nearing agreement to acquire French metro telecom network provider Completel for EUR 723 million ($985m). Under terms of the agreement, Altice B2B France would first acquire a 21% stake in Completel at EUR 35 to EUR 35.50 per share, and then another 34% at EUR 35.50. Altice B2B France is a […]
SANTA CLARA, Calif. (AP) – Computer chip maker Intel Corp. said Thursday the Federal Trade Commission asked for more information on the company's proposed deal with Switzerland's STMicroelectronics NV. The companies, along with private equity firm Francisco Partners, plan to form a new company that will buy up Intel's and STMicroelectronics' NOR flash businesses. The […]
TheFind Inc., a Mountain View, Calif.-based shopping search engine, has acquired Glipse.com, a fashion shopping website operator that was formed less than a year ago. No financial terms were disclosed. TheFind has raised around $26 million in VC funding from firms like Bain Capital Ventures, Redpoint Ventures and Lightspeed Venture Partners. Glipse.com had raised an […]
Norvestor has acquired Nordic travel companies Seat24 Travel AB and SRG Online AB, and merged them into a single entity called European Travel Interactive AB. No financial terms were disclosed. www.norvestor.com