• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

M&A and IPOs

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 16, 2013, 5:30 PM ET

Abbott Labs (NYSE: ABT) has agreed to acquire IDEV Technologies, a developer of a stent system for treating blockages in blood vessels due to peripheral artery disease. The deal is valued at $310 million net of cash and debt. IDEV had raised more than $90 million in VC funding, from PTV Sciences, Bay City Capital, RiverVest Venture Partners, PJC Capital and Heron Capital. www.indevmd.com

Apple Inc.
 (Nasdaq: AAPL) is in talks to acquire PrimeSense, an Israeli developer of 3D machine vision technologies for digital devices, according to Calcalist. No financial terms were reported. PrimeSense has raised around $85 million in VC funding from Canaan Partners, Gemini Israel Funds, Genesis Partners, Kreos Capital and Silver Lake. www.primesense.com

Cinven is in talks with creditors of portfolio company Frans Bonhomme, a French manufacturer of plastic tubing, in an attempt to restructure the company’s €600 million debt load, according to Private Equity International. One possible outcome is a debt-for-equity swap. www.cinven.com

Baidu (Nasdaq: BIDU) is planning to acquire Chinese Android app developer 91 Wireless fromNetDragon Websoft (HK: 777) for approximately $1.9 billion. www.baidu.com

Bally Technologies (NYSE: BYI) has agreed to acquire Las Vegas-based casino gaming equipment maker SHFL Entertainment Inc. (NYSE: SHFL). The deal is valued at around $1.3 billion in cash, ort $23.25 per share (24% premium to yesterday’s closing price). www.shufflemaster.com

Privateer Holdings Inc., a new investment firm focused on companies in the cannabis industry, has raised $7 million in funding from unidentified high net worth individual investors and family offices.www.privateerholdings.com

VMware Inc. (NYSE: VMW) has sold the assets of Zimbra, a provider of enterprise email and collaboration software, to Telligent Systems, a Dallas-based provider of community applications and social intelligence software solutions. No financial terms were disclosed. VMWare had purchased Zimbra from Yahoo in 2010 for $100 million in cash. Telligent shareholders include Intel Capital.www.zimbra.com

Fireman Capital Partners and Webster Capital have agreed to sell Hudson Clothing Holdings Inc., a Los Angeles-based designer and marketer of men’s and women’s branded jeans, to Joe’s Jeans Inc. (Nasdaq: JOEZ). The deal is valued at approximately $97.6 million, to be paid in cash and convertible notes. Ww.hudsonjeans.com

Madison Dearborn Partners is planning to sell between 10 million and 11.5 million shares of Boise Cascade LLC (NYSE: BCC), a Boise, Idaho-based maker of engineered wood products, via a public offering. Boise Cascade went public earlier this year at $21 per share, and closed trading last Friday at $28.16 per share. If Madison Dearborn sells all 11.5 million shares, its ownership stake would fall from 68.7% to 42.1%. www.bc.com

SAIF Partners has agreed to sell Reservoir Group, a Scottish provider of oil and gas well analytics, to Australia’s ALS Ltd. (ASX: ALQ) for US$533 million. www.reservoir-group.com

Associated Materials Inc., a Cuyahoga Falls, Ohio-based manufacturer and distributor of exterior residential building products in North America, has filed for a $100 million IPO. Goldman Sachs, Barclays and UBS are serving as lead underwriters. The company reports a $38 million net loss on $1.14 billion in sales for fiscal 2012. It is owned by Hellman & Friedman.www.associatedmaterials.com

Coskata Inc., a Warrenville, Ill.-based developer of technologies for processing biorefuse into ethanol, has withdrawn registration for a $100 million IPO, due to “market conditions.” It had planned to trade on the Nasdaq, with Citigroup, Barclays Capital and Piper Jaffray serving as co-lead underwriters. The company has raised over $80 million in VC funding, from firms like Khosla Ventures (27.7% pre-IPO stake), Blackstone Group (20.24%), Advanced Technology Ventures (17.68%), GreatPoint Ventures (15.63%), Total SA (5.61%), Globespan Capital Partners and General Motors. www.coskata.com

Third Point Reinsurance, a Bermuda-based specialty property and casualty reinsurer, has filed for a $250 million IPO. It plans to trade on the NYSE under ticker symbol TPRE, with J.P. Morgan, Credit Suisse and Morgan Stanley serving as co-lead underwriters. Backers include Kelso & Co., Pine Brook Road Partners and Dan Loeb. www.thirdpointre.bm

Sign up for my daily email newsletter on deals and deal-makers: GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

CryptoBinance
Binance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
By Ben WeissDecember 7, 2025
3 hours ago
Big TechStreaming
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
By Hadriana Lowenkron, Se Young Lee and BloombergDecember 7, 2025
7 hours ago
Big TechOpenAI
OpenAI goes from stock market savior to burden as AI risks mount
By Ryan Vlastelica and BloombergDecember 7, 2025
7 hours ago
InvestingStock
What bubble? Asset managers in risk-on mode stick with stocks
By Julien Ponthus, Natalia Kniazhevich, Abhishek Vishnoi and BloombergDecember 7, 2025
7 hours ago
EconomyTariffs and trade
Macron warns EU may hit China with tariffs over trade surplus
By James Regan and BloombergDecember 7, 2025
7 hours ago
EconomyTariffs and trade
U.S. trade chief says China has complied with terms of trade deals
By Hadriana Lowenkron and BloombergDecember 7, 2025
7 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
15 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.