Bertram Capital has sold Power Holdings Inc., a maker of specialist power distribution, conditioning and monitoring systems, to Smiths Interconnect, a unit of Smiths Group PLC. The deal is valued at $235 million. www.bertramcapital.com
IK Investment Partners has agreed to sell Idex, a French energy and environmental services company, to Cube Infrastructure for an undisclosed amount. www.ikinvest.com
Medrad Inc., an affiliate of Bayer HealthCare, has acquired Pathway Medical Technologies Inc., a Kirkland, Wash.-based mechanical atherectomy company focused on vascular intervention. No financial terms were disclosed, but multiple press reports put the deal value at $125 million. Pathway Medical had raised over $65 million since a 2005 recap, from firms like Forbion Capital Partners, Giza Venture Capital, HLM Venture Partners, Latterell Venture Partners and Oxford Bioscience Partners. www.medrad.com
THURSDAY, SEPTEMBER 1
IBM has agreed to acquire Algorithmics, a Toronto-based provider of risk analytics software, for $387 million in cash from a unit of Paris-based holding company Fimalac. The deal is expected to close next month. www.ibm.com
Permira is looking to sell around a $506 million stake in Macau’s Galaxy Entertainment Group Ltd. via a private placement, according to IFR. www.permira.com
Stryker Corp. (NYSE: SYK) has agreed to acquire Concentric Medical, a Mountain View Calif.-based developer of medical devices for restoring blood flow in people who have suffered ischemic strokes. The deal is valued at $135 million in cash. Concentric has raised around $68 million in VC funding, from firms like New Enterprise Associates, SV Life Sciences, Oxford Bioscience Partners and ProQuest Investments. www.stryker.com
ValueClick (Nasdaq: VCLK) has completed its previously-announced acquisition of Dotomi, a Chicago–based provider of data-driven display media for retailers. The deal was valued at $295 million, including over $162 million in cash. Dotomi had raised VC funding from such firms as Globespan Capital Partners, Investor Growth Capital, Velocity Equity Partners and U.S. Venture Partners. www.dotomi.com
WEDNESDAY, AUGUST 31
Carl Icahn has agreed to sell his entire 33% position in movie studio Lions Gate Entertainment, as he turns his attentions to Clorox.
CNN, a unit of Time Warner, has acquired Zite, an online personalized news app for the iPad. No financial terms were disclosed. www.zite.com
EMD Millipore, a unit of Merck KGaA, has agreed to acquire Amnis Corp., a Seattle-based maker of high-speed cell imaging instrumentation. No financial terms were disclosed. Amnis had raised over $25 million in VC funding from firms like OrbiMed Advisors and MedVenture Associates. www.millipore.com
First Reserve Corp. and AMCI International have sold 65 million shares of Australia-based Whitehaven Coal for A$6 per share, according to a company statement. The shares represents around a 13.15 position in the company, which had been seeking a buyer until this past May.
TUESDAY, AUGUST 30
Peabody Energy and ArcelorMittal have agreed to acquire Australia’s Macarthur Coal, after sweetening their initially-hostile bid from A$4.7 billion to A$4.9 billion.
Cerberus Capital Management is in talks to sell its 50% stake in Japan’s Aozora Bank to Australia and New Zealand Banking Group, according to Reuters. Aozora currently has a market cap of around $4.2 billion.
Bank of America (NYSE: BAC) has agreed to sell around half of its position in China Construction Bank Corp. to a group of investors for around $8.3 billion in cash.
CoreLogic Inc. (NYSE: CLGX), a provider of data to the real estate market, has retained Greenhill & Co. to advise on strategic alternatives, including a possible sale of the company. CoreLogix has a market cap in excess of $930 million. www.corelogix.com
MONDAY, AUGUST 29
Alpha Bank and Eurobank, a pair of Greek lenders, have agreed to merge. The deal is expected to close by year-end, pending regulatory approval.
AuRico Gold has agreed to acquire Canadian gold mining company Northgate Minerals for C$1.46 billion, or C$5.01 per share.
Thermo-Fisher Scientific (NYSE: TMO) has completed its acquisition of Phadia AB, an allergy-testing company, from Cinven. The deal was valued at around $3.5 billion. www.thermofisher.com
Softbank said that it plans to sell most of its 4% stake in Yahoo to Citigroup. The sale stems from a $1.1 billion loan Softbank took out from Citi in 2004, which it was allowed to repay either in cash or Yahoo stock.
Salesforce.com (Nasdaq: CRM) has acquired Navajo Systems, an Israeli developer of real-time security for cloud computing, for a reported $30 million. Navajo had raised seed funding in 2009 from Jerusalem Venture Partners. www.salesforce.com
Cisco (Nasdaq: CSCO) has acquired Versly, a San Francisco-based developer of collaboration tools for Microsoft Office users. No financial terms were disclosed. Versly had raised seed funding from Accel Partners, Baseline Ventures, 500 Startups and individual angels. www.cisco.com
VMWare (NYSE: VMW) has acquired PacketMotion, a San Jose, Calif.-based provider of user activity management solutions for IT audit and compliance efficiency. No financial terms were disclosed. PacketMotion had raised around $40 million in VC funding, from Athenian Venture Partners, Reservoir Venture Partners, Intel Capital, Mohr Davidow Ventures and Onset Ventures. www.packetmotion.com
