The bankruptcy Chapter 11 plan for KV Pharmaceuticals sufficiently reduced its debt and opened a USD375 million recapitalization facility.
Deals
Upworthy closes Series A funding
Upworthy, the video social media site, had received USD8 million for its Series A funding round. Eighteen months since its launch, social media site Upworthy announced the receipt of USD8 million as equity investment for the company, The investors were led by Spark Capital, Cantamount Ventures, Uprising and the Knight Foundation.
Vance Street Capital acquires Lark Engineering
For an undisclosed amount, Vance Street Capital purchases Lark Engineering to complement an earlier acquisition.
Quintiles announces completed acquisition of Novella Clinical
Today, Quintiles said it had completed its purchase of Novella Clinical as stated in the previously announced agreement.
Splunk to acquire BugSense
Today, Splunk Inc. announced entering into a definitive agreement to acquire BugSense Inc, a leading analytics solution provider for machine data generated by mobile devices.
Latest News
Aside from paying USD605 million for the tungsten business of Allegheny Tech, Kennametal gains tax savings as well as large revenues of the business.
Perion Network's share prices declined as the promised premium for the merger was lost. The share price for the Perion Network Ltd had its largest decline in more than three years as its investors were disappointed with the lack of a premium for its merger with Conduit Ltd's Client Connect business.
Blue Victory Holdings Inc extend a USD 1 million credit facility to American Restaurant Concepts. American Restaurant Concepts Inc announced it was able to close a credit facility worth USD 1 million from Blue Victory Holdings Inc.
Ontario Teachers Pension Plan and Hastings Funds Management refinanced their existing loan worth AUD 1.646 billion or USD 1.54 billion.
Harsco announced an agreement to sell its infrastructure business to Clayton, Dubilier & Rice for USD 300 million.
Private equity backed Novacap bought a controlling share in China-based Taixing Yangzi Pharm Chemical.
Violin Memory, through the backing of Toshiba, would be doing an IPO of 18 million shares with an expected value of USD180 million.
BBC Worldwide and Ragdoll Productions sold "Teletubbies" to DHX Media. BBC Worldwide and Ragdoll Productions sold the joint venture firm that owns the rights to "Teletubbies," "In the Night Garden" and "The Adventures of Abney & Teal" to DHX Media.
TorQuest announced the closing of its third fund with USD 535 million. Canadian private equity firm TorQuest announced that it was able to raise USD 535 million for its third fund.
