Kyphon Inc. (Nasdaq: KYPH) has agreed to acquire St. Francis Medical Technologies Inc., an Alameda, Calif.-based developer of motion-preserving technologies and procedures for orthopedic and neurological spine surgery. The deal includes a $525 million upfront cash payment at closing, plus the possibility of revenue-based earn-outs totaling $200 million. St. Francis had been in registration for […]
Reed Business Information, a unit of Reed Elsevier, has agreed to acquire BuyerZone.com Inc., a Watertown, Mass.
Abertis Infraestructuras SA has agreed to acquire a 32% stake in listed French satellite company Eutelsat SA for Euro 1.07 billion. The deal is being supported by Eutelsat shareholders Texas Pacific Group, Spectrum Equity Investors, GS Capital Partners and Cinven. www.eutelsat.com
Qualcomm Inc. (Nasdaq: QCOM) has agreed to acquire Airgo Networks Inc., a Palo Alto, Calif.-based WLAN technology provider. No financial terms were disclosed. Airgo had raised around $144 million in total VC funding since its 2001 inception, including a tranched-out $55 million Series E deal at a post-money valuation of around $287 million. Backers include […]
Terra Firma Capital Partners is considering a Gpb800 million IPO or sale of portfolio company Infinis, a UK-based renewable energy company, according to The Telegraph. Terra Firma has retained advisors Merrill Lynch, Climate Change Capital and Deutsche Bank. www.infinis.co.uk
Qualcomm Inc. (Nasdaq: QCOM) has agreed to acquire Airgo Networks Inc., a Palo Alto, Calif.-based WLAN technology provider. No financial terms were disclosed. Airgo had raised around $144 million in total VC funding since its 2001 inception, including a tranched-out $55 million Series E deal at a post-money valuation of around $287 million. Backers include […]
DDJ Capital is in talks to sell its majority stake in Austin, Texas-based fine jewelry retailer Samuels Jewelers Inc. to an undisclosed suitor in India. www.samuelsjewelers.com
Aspen Insurance Holdings Ltd. (NYSE:AHL) has agreed to repurchase approximately $156 million of its ordinary shares, representing approximately 5.9 million shares, from founding shareholders The Blackstone Group and CSFB Private Equity. The shares are to be repurchased at a price per share of $26.50, representing a 1.7% discount to the closing price on November 30, […]
NDS Group (Nasdaq: NNDS) reportedly has agreed to acquire Jungo Ltd., a San Jose, Calif.-based provider of residential gateway software and technology platforms, for $100 million. Jungo has raised around $14.5 million in VC funding from firms like Cipio Partners, Intel Capital, Partech International and TeleSoft Partners. www.nds.com www.jungo.com
I was on CNBC earlier this morning to discuss possible buyouts of newspaper companies. For the uninitiated, both Tribune Co. and Trinity Mirror are on the block, while various folks have expressed interest in buying the New York Times and/or its Boston Globe subsidiary. My basic point was that these are basically vanity plays – […]