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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
March 29, 2012, 3:31 PM ET

Sears Holdings (NYSE: SHLD) is looking to sell its Lands’ End unit, according to the WSJ. Www.sears.com

CVC Capital Partners is nearing an agreement to sell eastern European brewer StarBev to Japan’s Asahi for approximately $3 billion, according to Reuters. Www.cvc.com

Roche Holdings  has increased its takeover bid for Illumina ( Nasdaq: ILMN) by 14.7%, from $5.7 billion to over $6 billion. Www.illumina.com

Cisco Systems (Nasdaq: CSCO) has agreed to acquire ClearAccess, a Vancouver, Wash.-based provider of software to service providers for the provisioning and management of residential and mobile devices. No financial terms were disclosed. ClearAccess has raised around $6 million in VC funding from Blade Ventures and Montlake Capital. Www.cisco.com

Derma Sciences Inc. (Nasdaq: DSCI) has agreed to acquire  MedEfficiency Inc., a West Ridge, Colo.-based maker of medical devices for treating foot ulcers. The deal is valued at $14.5 million in cash.Www.medefficiency.com
Kabam, a Redwood City, Calif.-based publisher of massively multiplayer social games, has acquired Gravity Bear, a 3D social game developer whose lead title is Battle Punks. No financial terms were disclosed. Kabam has raised $115 million in VC funding from Canaan Partners, Redpoint Ventures, Intel Capital, Google Ventures, Pinnacle Ventures, Performance Equity and SK Telecom Ventures.Www.kabam.com

Strand Diagnostics, an Indianapolis-based provider of DNA specimen provenance assignment testing, has secured $30 million in equity funding from Nantworks LLC over the next three years.Www.knowerror.com

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By Dan Primack
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