AEterna Zentaris Inc. (Nasdaq: AEZS) has agreed to sell Cowen Healthcare Royalty Partners its rights to royalties on future sales of Cetrotide, covered by AEterna’s license agreement with Merck Serono. The agreement with Cowen is valued at $52.5 million, plus another $2.5 million in possible earnouts. Cetrotide is a treatment for in virto fertilization.
American Internet Services Inc., a San Diego-based provider of data center co-location services, has acquired San Diego data center Complex Drive. No financial terms were disclosed. Seaport Capital recently acquired AIS, alongside Viridian Investment Partners and DuPont Capital Management.
Anhui Kouzi Wine Inc., a Chinese winemaker based in the Anhui province, has sold a 25 percent ownership stake to Goldman Sachs for $52 million, according to Dow Jones.
Bain Capital Ventures has sponsored a minority recapitalization of Archer Technologies, an Overland Park, Kansas-based provider of enterprise governance, risk and compliance solutions. No financial terms were disclosed. McColl Partners advised Archer on the deal.
Buckeye GP Holdings LP (NYSE: BGH), a pipeline operator, has rejected a $17 per unit tender offer from ArcLight Capital Partners and Kelso & Co. The two firms — along with Lehman Brothers – bought a 63 percent stake in Buckeye from Carlyle-Riverstone last year. In a regulatory filing, Buckeye said that the $17 per unit price “is inadequate and that the tender offer is otherwise not in the best interests of the holders of units.”
Canal Partners has acquired a majority stake in Limos.com, a Beaverton, Ore.-based online provider of qualified leads for ground transportation providers. No financial terms were disclosed, although Canal’s website says its typical investments are between $1 million and $5 million for companies worth between $5 million and $30 million.
Canterbury Park Capital has acquired around 58.2 million additional common shares of Paragon Pharmacies Ltd. (TSX: PGN), for around C$23.2 million. It now holds over 68 million shares, or a 69.9 percent ownership position.
Cardinal Asset Management, Carlyle Group and KKR reportedly are considering a €2.5 billion to €3 billion bid for a 60 percent stake in The Bank of Ireland.
Centre Partners has acquired operating businesses of Connors Bros. Income Fund, which include branded seafood products like Bumble Bee and Brunswick. The transaction’s enterprise value is approximately $600 million, with Connors senior management staying in place and holding a “significant stake” in the business. Wells Fargo Foothill underwrote a $350 million senior revolver and term loan facility, Ares Capital arranged a $135 million senior sub-debt placement and co-invested on the equity. Falcon Investment Advisors also made an equity co-investment.
China Investment Corp. reportedly is in talks to acquire a 49 percent stake in AIG unit Alico, in a deal that could be valued at up to $10.6 billion. Chinese insurance companies would also be part of the CIC-led consortium.
Cosi Inc. (Nasdaq: COSI), a quick-casual sandwich shop operator, has formed a special committee to “evaluate strategic alternatives.” It also has retained North Point Advisors. The company’s stock closed trading Friday at 40 cents per share.
Denali Oil & Gas Partners III has been formed with an initial equity commitment of up to $140 million by Quantum Energy Partners, Energy Trust Partners, Walter Oil & Gas Corp. and Denali management. The same firms helped form Denali Oil & Gas Partners in 2003 and Denali Oil & Gas Partners II in 2005. Each partnership is aimed at oil and gas exploration in South Texas.
Dexia SA has sold its U.S. bond insurance unit FSA to Assured Guaranty Ltd. (NYSE: AGO), a portfolio company of WL Ross & Co. The deal is valued at $722 million, including $361 million in cash and the remainder in AG shares (for a 24.7 percent stake).
FleetPride, an independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Automotive Brake Co. of Newburgh Inc. No financial terms were disclosed. FleetPride is owned by Investocrp, Banc of America Capital Investors and company management.
Francisco Partners and Applied Materials have ended discussions to make a joint buyout offer for Dutch chip equipment maker ASM International.
General Atlantic has made a minority equity investment in Qualicorp Group, a Brazilian provider of healthcare brokerage and benefits administration services. No financial terms were disclosed.
Giannoni, a French maker of heat exchangers, is expecting first-round buyout bids this week in the range of €300 million to €450 million. Binding bids are not due until early January.
Glass, Lewis & Co. LLC, a San Francisco-based proxy firm owned by The Ontario Teachers’ Pension Plan, has agreed to acquire political and economic advisory firm Washington Analysis Corp. from Xinhua Finance. No financial terms were disclosed. OTPP originally bought Glass Lewis from Xinhua Finance last year for $46 million.
GTCR has committed up to $250 million to form a new medical device acquisition platform called Devicor Medical Products LLC. The Pleasant Prairie, Wis.-based company will be run by Thomas Daulton, a former senior executive with Cardinal Health.
Ireland is in talks with foreign private investors about a plan to inject new capital into the country’s major banks. An Irish Times report suggests that J.C. Flowers may be among the interested firms.
Joshua Partners has acquired Medicia Corp., a Dayton, N.J.–based contract manufacturer of personal care products, OTC drug preparations and private label products. No financial terms were disclosed.
KarpReilly Capital Partners and HIG Capital been rebuffed in their offer to buy women’s apparel retailer Charlotte Russe Holding Inc. (Nasdaq: CHIC), for between $9 and $9.50 per share. The deal could have been worth upwards of $198.6 million. KarpReilly currently holds a 5.4 percent stake in Charlotte Russe.
Magnum Capital is leading a buyout of Portuguese wind power company Enersis from Babcock & Brown Ltd. for €1.2 billion. Magnum is being joined by Banco Espirito Santo and Fjord Capital.
Mineworkers Investment Co. of South Africa has raised its stake in local media company Primedia from 32 percent to 49 percent, for approximately $24 million. MIC sponsored a management buyout of Primedia 14 months ago.
Momentum Capital Partners has acquired Magnum Tunneling & Boring, a Houston, Texas-based infrastructure services company focused on heavy underground construction. No financial terms were disclosed. Focus Strategies advised Magnum on the deal.
Palamon Capital Partners has acquired a “significant” stake in DS Produkte, a German provider of multi-channel consumer goods supplier. No financial terms were disclosed.
Pennington Allen Capital Partners has acquired the 25 percent stake it did not already own in Bliss Industries LLC, a Ponca City, Okla.-based maker of hammermills, pelletmills, coolers and related equipment. No financial terms were disclosed. As part of the transaction, Bliss president Greg Alles will take over as CEO, with company founder Bill Bliss retiring.
Platinum Equity has completed its acquisition of SCM Metal Products Inc. from Gibraltar Industries Inc. (Nasdaq: ROCK), for an undisclosed amount. SCM makes and distributes copper-based powder and pastes and copper oxide powders.
The Reader’s Digest Association, a portfolio company of Ripplewood Holdings, has agreed to sell certain assets of display marketing company Books are Fun to Imagine Nation Books, for approximately $17.5 million.
Rio Tinto Ltd. has retained Dresdner Kleinwort to begin selling its talcs and borates businesses, and is expecting to receive interest from both strategic and financial buyers.
The Riverside Co. has acquired The Herbal Garden Inc., a Wauconda, Ill.-based supplier of freshly-packaged herbs to foodservice groups, grocery stores and bulk retailers across the Midwest, Mid-Atlantic and Southern U.S. No financial terms were disclosed.
Rotorcraft Leasing Company LLC, a Broussard, La.-based portfolio company of H.I.G. Capital, has acquired of the production management flight services business of Bristow Group Inc. (NYSE:BRS). No financial terms were disclosed.
Sage Holdings, a financial and stakeholder communications company, has acquired Capital Precision, a provider of global shareholder analysis, institutional targeting and fund tracking. No financial terms were disclosed. Sage Holdings is sponsored by The Riverside Company.
Spire Capital Partners has sponsored the formation of AssetNation Inc., a Houston-based provider of online industrial auctions. No financial terms were disclosed.
Stone Point Capital has acquired a 50 percent stake in Real Estate Disposition Corp., the nation’s largest real estate auction company. No financial terms were disclosed.
Textron has completed the sale of its Fluid & Power division for $1 billion to UK engineering group Clyde Bowers, which was sponsored on the deal by HarbourVest Partners and Pantheon Ventures. Leveraged financing was provided by Bank of Scotland, Barclays, HSBC and RBS.
TriWest Capital Partners has acquired a majority stake in Canadian trucking company Gardewine Group of Cos., according to LBO Wire. No financial terms were disclosed.
Vista Equity Partners has acquired an equity stake in Zywave Inc., a Milwaukee-based provider of SaaS enterprise automation solutions for the employee benefits and property & casualty insurance distribution market. No financial terms were disclosed.
VMG Partners has acquired an undisclosed stake in Robert’s American Gourmet Foods, a maker of maker of natural gourmet snack lines marketed under the Pirate’s Booty, Smart Puffs and Tings brand names.
Werba Reinhard Inc. has agreed to buy asset management firm Loring Ward International Ltd. for US$11.25 per share. The deal comes shortly after Lovell Minnick Partners backed out of a deal to buy Loring Ward for C$18 per share.
Whitcraft, a portfolio company of Golub Capital, has acquired Reliable Manufacturing Co., a Bloomfield, Conn.-based maker of precision components for the aerospace industry. The deal included $25 million in subordinated notes arranged by Golub.
Wockhardt Ltd. (Bombay: MCKH), an Indian drug maker, is in talks with private equity firms to raise between $150 million and $200 million. The capital would be used to meet convertible bond redemptions.