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M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 10, 2013, 1:51 PM ET

AstraZeneca (NYSE: AZN) has agreed to acquire Pearl Therapeutics Inc., a Redwood City, Calif.-based developer of therapeutics for respiratory diseases. The deal is valued at upwards of $1.15 billion, including a $560 million upfront payment. Pearl has raised over $160 million in VC funding, from 5AM Ventures, Clarus Ventures, New Leaf Ventures and Vatera Healthcare Partners. www.pearltherapeutics.com

NVM Private Equity has sold IG Doors, a UK–based maker of composite external doors for the housebuilding industry, to Germany’s Hörmann Group. No financial terms were disclosed.

Vision Capital has hired Lazard to find a buyer for UK-based JDR Cable Systems Ltd. at a price point of around $400 million, according to the WSJ. www.jdrglobal.com

Berkshire Hathaway reportedly is looking at commercial assets that may soon be divested by Italian insurer Unipol, as a condition of Unipol’s mergerwith FOndaria-SAI. www.unipol.it

Cellfish Media LLC, a New York-based developer of mobile and social apps, has acquiredToneMedia LLC, a Manhasset, N.Y.-based digital advertising firm focused on analyzing music and spending habits. No financial terms were disclosed. Cellfish has raised around $60 million in VC funding from Caisse de Depot et Placement du Quebec, Desjardins Venture Capital, Trio Capital and Solidarity Fund QFL. www.cellfish.com

IHS Inc. (NYSE: IHS) has agreed to acquire R.L. Polk & Co., a Southfield, Mich.-based provider of automotive intelligence and marketing solutions like Carfax, for approximately $1.4 billion.www.ihs.com

JBS SA has agreed to acquire SearaBrasil, the Brazilian poultry, pork and processed food business of Marfig Alimentos SA by assuming $2.75 billion in Marfig debt. www.jbs.com.br

The UK government
 plans to sell its 39% stake in Lloyds Banking Group (LSE: LLOY) via a public share offering, according to The Sunday Times. The deal would be designed to raise upwards of £17 billion. www.lloydsbankinggroup.com

Textura Corp., a Deerfield, Ill.-based provider of on-demand business collaboration software to the commercial construction industry, raised $75 million in its IPO. The company priced has set its 5 million shares at $15 per share, compared to plans to offer 4.5 million shares at between $13 and $15 per share. It will trade on the NYSE under ticker symbol TXTR, with Credit Suisse and William Blair serving as lead underwriters. The company reports an $18.8 million net loss on around $21.68 million in revenue for 2012, compared to an $18.9 million net loss on around $10.5 million in revenue for the prior year. Shareholders include Northwater Capital, First Midwest Bancorp and Aon Risk Services Cos.www.texturacorp.com

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