Investment Summary

Alta Partners and Bay City Capital Invest In LJL Biosystems

On January 1, 1999, venture capital firms Alta Partners and Bay City Capital invested in medical products company LJL Biosystems

Investment Highlights
  • This is Alta Partners’ 1st and Bay City Capital’s 2nd transaction in the Medical Products sector.
  • This is Alta Partners’ 4th and Bay City Capital’s 11th transaction in the United States.
  • This is Alta Partners’ 2nd and Bay City Capital’s 4th transaction in California.
Investment Fate
  • LJL Biosystems was sold to a publicly-traded strategic buyer in 2000.

Investment Summary

Date 1999-01-01
Target LJL Biosystems
Sector Medical Products
Investor(s) Alta Partners
Bay City Capital
Deal Type Venture

Target

LJL Biosystems

Sunnyvale, California, United States
LJL Biosystems, Inc. is a provider of automated instrumentation systems for clinical, research and drug development applications.

Search 214,877 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Alta Partners

Jackson, Wyoming, United States

Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Alta Partners is a venture capital firm that targets investments in early and later stage life science companies, including biopharmaceuticals, medical technology, and information technology businesses. Alta was formed as an early stage investor but has since expanded its investment range to provide later stage growth capital to private and young public companies. Alta was established in 1996 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 4 of 59
Sector: Medical Products M&A 1 of 6
Type: Venture M&A Deals 3 of 48
State: California M&A 2 of 31
Country: United States M&A 4 of 50
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Coloma Wireless

San Francisco, California, United States

Coloma Wireless, a company formed to participate in the FCC's WCS/2.3 GHz spectrum auctions. Coloma purchased spectrum covering 75 million pops.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-08 Fibex Systems

Fremont, California, United States

Fibex Systems is a pioneer in Integrated Access Digital Loop Carrier (IADLC) products, devices that combine traditional voice services with data services using ATM as the underlying architecture. The acquisition helps service providers transition voice/data traffic to cell/packet networks while maintaining traditional phone business using existing circuit infrastructure.

Sell $445M
Investor

Bay City Capital

San Rafael, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bay City Capital LLC was established in 1997 as an equal partnership between The Craves Group and certain Pritzker family business interests for the purpose of managing investment funds in the life sciences industry. Bay City looks for opportunities at all stages of development in biopharmaceuticals, drug discovery, medical devices and diagnostics. Bay City Capital is based in San Francisco, California.


DEAL STATS #
Overall 11 of 75
Sector: Medical Products M&A 2 of 11
Type: Venture M&A Deals 7 of 49
State: California M&A 4 of 41
Country: United States M&A 11 of 72
Year: 1999 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Intarcia Therapeutics

Boston, Massachusetts, United States

Intarcia Therapeutics is a biopharmaceutical company applying a targeted approach to the acquisition, development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases. Intarcia Therapeutics is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 VNUS Medical Technologies

San Jose, California, United States

VNUS Medical Technologies, Inc. is a provider of medical devices for the minimally invasive treatment of venous reflux.

Buy -