Texas Pacific Group and Colony Capital are in talks to acquire Harrah’s Entertainment Inc. (NYSE: HET), according to The Wall Street Journal. No purchase price details were disclosed, but Harrah’s has a market cap of around $12.34 billion, plus $10.2 billion in debt.
Amgen (Nasdaq: AMGN) has agreed to acquire Avidia Inc., a Mountain View, Calif.-based drug company discovers and develops a new class of human therapeutics known as Avimers. The deal is valued at $290 million, plus up to an additional $90 million in milestone earn-outs. Avidia has raised over $78 million in total VC funding since its 2003 inception, including a $43.8 million Series C deal last year at a pre-money valuation of approximately $56.2 million. www.amgen.com www.avidia.com
Essex Woodlands Health Ventures has added six new professionals: Guido Neils joins as a partner, after having been chief operating officer of Guidant Corp. (acquired by Boston Scientific); Ron Eastman joins as a partner, after having been CEO of Rinat Neuroscience (Essex Woodlands portfolio company acquired by Pfizer); Nic Shronos joins as an adjunct partner, and is chief medical and scientific officer of the American Cardiovascular Research Institute and the Saint Joseph’s Institute; Michael Gertner joins as an adjunct partner, and is co-director of the Surgical Innovation program at Stanford Medical School; Elizabeth McCabe joins as a recruiting partner, and is a veteran executive recruiter in the healthcare sector; and Scott Barry joins as a principal, after having served as global head of pharma M&A for Novartis Pharmaceuticals. Essex Woodlands also announced that it has opened a New York City office. www.essexwoodlands.com
BelAir Networks, a Kanata, Ontario�based provider of mobile wireless broadband mesh network solutions, has raised US$21.4 million in Series D funding. Ventures West Management led the deal, and was joined by Trilogy Equity Partners and return backers Comcast Interactive Capital, T-Mobile Venture Fund, Panorama Capital, VenGrowth Capital Partners Inc., BDC Venture Capital and MMV Financial. MMV Financial also provided an additional $5 million in debt financing. www.belairnetworks.com
Reva Systems Corp., a Chelmsford, Mass.-based RFID company, has raised $13.5 million in Series B funding at a post-money valuation of approximately $38 million. Cisco Systems and SAP Ventures were joined by return backers Charles River Ventures and North Bridge Venture Partners. www.revasystems.com
Mintera Corp., an Acton, Mass.-based developer of 40 Gigabit-per-second fiber-optic transport subsystems, has raised $10 million in third-round funding. Polaris Venture Partners and RRE Ventures co-led the deal, and were joined by fellow return backers Court Square Ventures, Star Ventures and Portview Communications Partners. www.mintera.com
nContact Surgical Inc., a Morrisville, N.C.-based developer of tissue coagulation devices for use in surgical procedures, has raised $7.5 million in Series B funding, according to a regulatory filing. Finistere Partners was joined by return backers like Intersouth Partners and Massey Burch Capital. www.ncontact.us
HyPerformix Inc., an Austin, Texas-based provider of predictive IT management solutions, has raised $5 million in third-round funding. Silicon Valley Bank was joined by return backers like M/C Venture Partners and Morgan Stanley Venture Partners. www.hyperformix.com
Zola A�a�, the maker of A�a� Power Juice, has raised an undisclosed amount of private equity funding from Emigrant Capital. www.emigrantcapital.com
AWG PLC (LSE: AWG), a UK water and waste management utility, has agreed to be acquired for �2.2 billion by a consortium that includes 3i Group, CPP Investment Board, Colonial First State, Industry Funds Management and a unit of Commonwealth Bank of Australia. www.awg.com
Royal Ahold reportedly is close to putting its U.S. Foodservice unit on the auction block for �3 billion, with possible bidders including KKR and Cerberus Capital. Royal Ahold currently is in merger talks with smaller rival Delhaize, but a sale of Ahold’s U.S. Foodservice division would make it a merger of equals. www.ahold.com
Misys PLC, a UK-based provider of IT solutions to the banking industry, has terminated takeover talks “with immediate effect.” Both General Atlantic and Permira had expressed interest, but never made formal bids. In related news, Misys announced that CEO Kevin Lomax has resigned. www.misys.com
MBK Partners is close to winning the $1.6 billion auction for Taiwanese cable television company China Network Systems, according to The Wall Street Journal.
Silver Lake Partners has completed its $800 million acquisition of IPC Information Systems LLC from GS Capital Partners. IPC is a New York�based provider of mission-critical trading floor communications solutions to the financial industry, and was advised by Goldman Sachs. JPMorgan and Morgan Stanley advisedSilver. www.ipc.com Lake
Gordon Brothers Group and Bruckmann, Rosser, Sherrill & Co. have acquired personalized gift retailer Things Remembered from a subsidiary of Luxottica Group SpA (NYSE: LUX). The deal was valued at approximately $200 million. www.thingsremembered.com
Berkshire Partners and Weston Presidio have acquired Alameda, Calif.-based party supply retailer PA Acquisition Corp. (a.k.a. Party America) from Gordon Brothers Group. The deal is valued at approximately $42 million, including assumed debt, with Party America being folded into a holding company � AAH Holdings Corp. � that had acquired Party City Corp. last year. www.amscan.com www.partycity.com
Brentwood Associates has acquired The Teaching Co., a Chantilly, Va.�based publisher and direct marketer of university-level courses on DVD, audio CD and other formats. No financial terms were disclosed for the deal, which included equity participation by company management. The Teaching Co. was advised by Berkery, Noyes & Co. www.brentwood.com www.teach12.com
The Sterling Group and The Stephens Group have acquired a majority stake in BTEC Turbines LP, a Houston, Texas-based provider of refurbishment, repair and packaging for large gas turbines. No financial terms were disclosed. www.btecturbines.com
Eureka Growth Capital has acquired a majority interest in Cherry Hill Photo Enterprises Inc., a Cherry Hill, N.J.�based provider of special event digital photography services to mall developers, as part of a recapitalization. No financial terms were disclosed for the deal, which also included participation by company management. www.cherryhillphoto.com
This week’s IPO calendar includes expected pricings from eHealth Inc. and Susser Holdings Corp.
includes expected pricings from eHealth Inc. and Susser Holdings Corp.
(LSE: AWG), a UK water and waste management utility, has agreed to be acquired for �2.2 billion by a consortium that includes 3i Group, CPP Investment Board, Colonial First State, Industry Funds Management and a unit of Commonwealth Bank of Australia. www.awg.com
, a Kanata, Ontario�based provider of mobile wireless broadband mesh network solutions, has raised US$21.4 million in Series D funding. Ventures West Management led the deal, and was joined by Trilogy Equity Partners and return backers Comcast Interactive Capital, T-Mobile Venture Fund, Panorama Capital, VenGrowth Capital Partners Inc., BDC Venture Capital and MMV Financial. MMV Financial also provided an additional $5 million in debt financing. www.belairnetworks.com