Nanosphere Inc., a Northbrook, Ill.-based molecular diagnostics company with a nanotech-based platform to enable earlier disease detection and treatment, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol NSPH, with Lehman Brothers serving as lead underwriter. Nanosphere has raised around $80 million in VC funding since 2000, […]
Ellora Energy Inc., a Boulder, Colo.-based oil and gas company, has raised the number of shares it plans to sell in its IPO from five million to eight million. It has not yet disclosed a price range, but has bumped up its original $86.25 million IPO target to $147.2 million. Ellora plans to trade on […]
360buy.com, a China-based provider of an online shopping platform with 3C authentication, has raised $10 million in VC funding from Capital Today. www.360buy.com
Glide Pharma, a UK-based developer of a needle-less durg delivery system, has raised Gbp2.3 million in third-round funding. Oxford Capital Partners was joined by return backers Oxford Technology 4 VCT. Gilde previously had raised a total of Gbp2.6 million. www.glidepharma.com
Bain Capital has withdrawn plans to sell five million shares of chemical maker Innophos Holdings Inc. (Nasdaq: IPHS), via a secondary public offering. The deal would have reduced Bain's ownership position from 48.5% to 24.5 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public last fall. www.innophos.com
AIG has agreed to buy German insurer Wurttembergische und Badische Versicherungs AG from J.C. Flowers & Company. No financial terms were disclosed.
Wire Rope Corp. of America, a St. Joseph Mo.-based producer and marketer of specialty wire ropes, has agreed to buy German wire rope maker CASAR Drahtseilwerk Saar GmbH. No financial terms were disclosed. Fox Paine bought WRCA last year from KPS Capital Partners. www.wrca.com
Michael Marks has been named interim CEO of electric car maker Tesla Motors, with current CEO Martin Eberhard becoming the company's president of technology. The company is already searching for a fulltime replacement. Marks is the former CEO of Flextronics, who joined KKR in early 2006 and was an early Tesla investor. He will remain […]
Harry Kraemer has joined the advisory board of executive career consulting firm Shields Meneley Partners. Kraemer is an executive partner with Madison Dearborn Partners and, before that, was CEO of Baxter International. www.shieldsmeneley.com
Pevion Biotech Ltd., a Swiss developer of prophylactic and therapeutic vaccines, has raised CHF 35 million ($29.16m) in “Series A” funding. BZ Bank Aktiengesellschaft led the deal, and was joined by BB Biotech Ventures, CC Private Equity Partners and return backer Bachem Holding AG. Pevion has now raised a total of CHF 55 million. www.pevion.com