The Medicines Company, a publicly traded company, will buy Incline Therapeutics Inc., a company developing a compact, disposable, needleless Patient-Controlled
Analgesia system for the short-term management of acute postoperative pain. The Medicines Company has agreed to pay $185 million in an upfront payment, with additional payments if certain regulatory and
commercial milestones are met. Redwood City, Calif.-based Incline is backed by investors including Frazier Healthcare Ventures, 5AM Ventures, Technology Partners, Adams Street Partners, and Saints Capital.
Audax Private Equity has acquired Aavid Thermalloy, a designer and manufacturer of high-performance thermal management products. The seller was Nautic Partners. Terms were not released. Aavid is based in Concord, New Hampshire.
San Diego Union-Tribune owner Doug Manchester and Orange County Register owner Aaron Kushner are interested in acquiring Tribune's stable of newspapers, Reuters reported. The Tribune Co., owner of the Los Angeles Times and the Chicago Tribune, will be seeking buyers for its newspapers once it emerges from bankruptcy, expected by Dec. 31, these sources said. Oaktree Capital Management, JPMorgan Chase & Co and Angelo, Gordon & Co, the controlling Tribune owners, made the decision to sell off its print business to focus instead on Tribune's television stations in cities like Chicago, New York, and Seattle, sources said.
U.S. buyout firm Providence Equity Partners is among suitors advancing to the second round of bidding for Leighton Holdings' Australian fibre-optic network NextGen, sources said, in a deal some analysts see fetching between A$625 million and A$870 million ($657 million-$910 million). Leighton, controlled by Spain's ACS, is selling the inter-city fibre-optic business NextGen and two smaller data businesses Metronode and Infoplex to pay down debt.
LGT Capital Partners Holding has acquired Clerestory Capital Advisors, a New York-based investment and advisory firm. Established in 2007 by Joanne Douvas and Tommy Brown, CCA is focused on small, opportunistic real estate funds on a global basis.
The Gores Group has signed a definitive agreement to acquire Harris Broadcast Communications from Harris Corporation for $225 million. Headquartered in Denver, CO, Harris Broadcast Communications is a supplier of hardware and software that creates, manages, transmits, distributes and monetizes video content.
Liberty Distribution has been sold to Vistar, a subsidiary of Performance Food Group Company and a portfolio company of The Blackstone Group. Liberty is based in Chandler, Arizona with additional locations in Mechanicsburg, Pennsylvania and Memphis, Tennessee.
strong>Warburg Pincus has mandated Goldman Sachs Group to explore a sale of eye care company Bausch & Lomb Inc, hoping to fetch more than $10 billion, writes Reuters. The company was taken private by Warburg Pincus in 2007 for about $4.5 billion, including $830 million of debt.
Data management company Actifio has completed its implementation with Audax Group. Audax Group is an investor in middle market companies with over $4 billion of assets under management.
Brynwood Partners VI L.P. has sold its interest in Sun Country Foods Inc., selling the company to Continental Mills Inc. The terms of the deal, which closed yesterday, were not released. Sun Country Foods is based in Norwood, Mass.