Author Archives: Dan Primack
  • MyWebGrocer is in acquisition talks

    Private equity firm circles grocery ad network.

    FORTUNE -- Private equity firm Huntsman Gay Global Capital is in talks to acquire a control stake in MyWebGrocer, a SaaS-based e-commerce and marketing platform for grocery store chains and packaged goods companies.

    No word yet on financial terms, although Huntsman Gay typically invests between $25 million and $100 million into companies with revenue north of $100 million and EBIDTA of at least $15 million. MORE

    - May 21, 2013 11:41 AM ET
  • M&A and IPOs

    Iron Mountain Inc. (NYSE: IRM) has acquired Information Storage Consolidation Co., a Carrollton, Texas-based records storage business, from Graycliff Partners. No financial terms were disclosed. www.isccllc.com

    Kohlberg Kravis Roberts & Co. has sold its remaining A$260 million stake in Australian television network operator Seven West Media Ltd. (ASX: SWM). www.kkr.com

    Novo AS has acquired Xellia Pharmaceuticals, a Norway–based developer of anti-infective therapies, for approximately $700 million. Sellers include 3i Group and European Capital. www.xellia.com

    Charlie Ergen, chairman of Dish Network (NYSE: DISH), has bid $2 billion for wireless "L-band" MORE

    - May 21, 2013 10:56 AM ET
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  • Private equity deals

    The Blackstone Group has offered to acquire Pactera Technology International Ltd. (Nasdaq: PACT), a China-based provider of global consulting and technology services, for approximately $680 million, or $7.50 per share (43% premium to Friday's closing price). Significant Pactera shareholders include GGV Capital (7% stake). www.pactera.com

    The O'Gara Group, a Cincinnati-based provider of global security and defense products and services for use in counter-terrorism, has acquired the armored vehicle and transparent armor businesses ofBAE Systems (LSE: BA). MORE

    - May 21, 2013 10:56 AM ET
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  • Venture capital deals

    Adaptive Planning, a San Francisco-based provider of SaaS solutions for enterprise performance management, has raised $45 million in fourth-round funding. Bessemer Venture Partners led the round, and was joined by return backers Onset Ventures, Norwest Venture Partners, RBC Venture Partners, Cardinal Venture Capital and Monitor Ventures. It previously raised around $40 million.www.adaptiveplanning.com

    Swipely, a Providence, R.I.-based payment solution for local merchants, has raised $12 million in Series B funding. Shasta Ventures led the round, and MORE

    - May 21, 2013 10:55 AM ET
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  • Gabriel Gomez's private equity deal

    U.S. Senate candidate's investment performance.

    FORTUNE -- Massachusetts voters are one month away from deciding whether or not former private equity investor Gabriel Gomez should be their next U.S. Senator, in a special election to succeed John Kerry.

    To be sure, the ultimate decision won't be based much on what Gomez did, or didn't, do in his eight-plus years with Advent International. In fact, you wouldn't even know Gomez was involved in MORE

    - May 20, 2013 4:44 PM ET
  • The biggest merger you didn't hear about today

    Why we're paying attention to the wrong deal.

    FORTUNE -- By now I'm sure you've heard about today's big merger news: Actavis (ACT) buying Warner Chilcott (WCRX).

    Wait, did you think I was talking about something else?  Here are some quick stats:

    Price being paid for Warner Chilcott: $8.8 billion Price being paid for Tumblr: $1.1 billion # of Warner Chilcott employees: 2,700 # of Tumblr employees: 175 Warner Chilcott 2012 revenue: $2.5 billion Tumblr 2012 revenue: $13 MORE

    - May 20, 2013 2:12 PM ET
  • M&A and IPOs

    Actavis Inc. (NYSE: ACT) has agreed to acquire Warner Chilcott PLC (Nasdaq: WCRX) for approximately $8.5 billion in stock, or $20.08 per share. The deal would create a specialty pharma company with around $11 billion in combined annual revenue. Sellers will include Thomas H. Lee Partners, which holds around a 3.9% stake Chilcott. www.actavis.com

    Seamless North America and GrubHub Inc. have agreed to merge, into a single provider of online services for ordering takeout. The combined company would MORE

    - May 20, 2013 11:24 AM ET
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  • Venture capital deals

    Karyopharm Therapeutics Inc., a Natick, Mass.-based developer of nuclear transport modulators, has raised $48.2 million in Series B funding. Delphi Ventures was joined by an undisclosed "private investor." www.Karyopharm.com

    Effector Therapeutics, a San Diego-based developer of small molecule selective translation regulators for cancer, has raised $45 million in Series A funding. Backers include U.S. Venture Partners, Abingworth, Novartis Venture Funds, SR One, Astellas Venture Management, Osage University Partners and Mission Bay Capital. www.effector.com

    Alteryx Inc., an MORE

    - May 20, 2013 11:24 AM ET
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  • Private equity deals

    Vista Equity Partners has agreed to acquire Websense Inc. (Nasdaq: WBSN), a San Diego-based provider of network security solutions against cyber-attacks and data theft, for approximately $907 million. The $24.75 per share deal represents around a 29% premium to Friday's closing price.www.websense.com

    Onex Partners has canceled its auction for Carestream Health Inc., a Rochester, N.Y.–based provider of medical imaging systems, after failing to secure adequate bids, according to Reuters. Onex had been seeking upwards of $3.5 MORE

    - May 20, 2013 11:23 AM ET
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  • Bloom Energy still expects profits ... eventually

    Fuel-cell maker Bloom had a tough first quarter.

    FORTUNE -- Last week we reported that fuel cell maker Bloom Energy Corp. had raised $130 million in new private equity funding led by an undisclosed investor. I still don't know who the investor is, but do now have a better idea of what he/she/it was buying into.

    The Sunnyvale, Calif.-based company posted $42 million of pro forma revenue and negative $61 million of MORE

    - May 20, 2013 10:24 AM ET
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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