M&A Deal Summary

Morphotek Acquires TransMolecular

On April 4, 2011, Morphotek acquired life science company TransMolecular from Greer Capital Advisors and Easton Capital Investment Group

Acquisition Highlights
  • This is Morphotek’s 1st transaction in the Life Science sector.
  • This is Morphotek’s 1st transaction in the United States.
  • This is Morphotek’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2011-04-04
Target TransMolecular
Sector Life Science
Buyer(s) Morphotek
Sellers(s) Greer Capital Advisors
Easton Capital Investment Group
Deal Type Add-on Acquisition

Target

TransMolecular

Cambridge, Massachusetts, United States
TransMolecular is a neuroscience therapeutics company discovering and developing novel, proprietary drugs to diagnose and treat cancer and pain.

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Buyer(S) 1

Buyer

Morphotek

Exton, Pennsylvania, United States

Category Company
Sector Life Science
DESCRIPTION

Morphotek is one of the leading companies in the life science industry that develops novel classes of biological-based products to treat cancer, inflammation and infectious diseases.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 2

SELLER

Greer Capital Advisors

Mountain Brook, Alabama, United States

Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Greer Capital Advisors (GCA) is a specialized, heathcare focused private equity firm that targets investments in Alabama based companies. Within healthcare, GCA looks for companies in the pharmaceutical, biotechnology, medical device, and diagnostics industries. GCA prefers early and growth stage investments and generally seeks to invest between $1 to $2 million per transaction. Greer Capital Advisors was formed in 2002 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 8 of 13
Sector: Life Science M&A 6 of 10
Type: Add-on Acquisition M&A Deals 5 of 10
State: Massachusetts M&A 1 of 1
Country: United States M&A 8 of 13
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Tranzyme

Durham, North Carolina, United States

Tranzyme Pharma is a clinical-stage company developing novel small molecule therapeutics for the treatment of gastrointestinal (GI) and metabolic diseases.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Halo Monitoring

Huntsville, Alabama, United States

Halo Monitoring is an ?aging in place technology? company. Halo?s product-service offering, myHalo, provides seniors, caregivers, and their families the most accurate and easy to use fall monitoring system and alert system on the market. Unlike manually activated alarm systems ('panic buttons'), which have been proven ineffective, myHalo uses proprietary motion signal processing technology and a 24/7 call center to automatically detect falls and ensure that fallen seniors can receive assistance when needed.

Sell -
SELLER

Easton Capital Investment Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2000
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Easton Capital Investment Group is a private investment firm that targets early-stage venture capital to later-stage growth capital investments. Easton will consider opportunities across a range of industries but generally invests in the healthcare industry, including biopharmaceuticals, drug delivery, medical devices, and healthcare services. Easton looks to commit $0.50 to $10 million per transaction. Easton Capital was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 15 of 21
Sector: Life Science M&A 6 of 10
Type: Add-on Acquisition M&A Deals 9 of 9
State: Massachusetts M&A 2 of 4
Country: United States M&A 15 of 21
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-09 PlaySpan

Santa Clara, California, United States

PlaySpan is the game industry's first publisher-sponsored in-game commerce network. PlaySpan's in-game search, commerce and micropayment technologies enables game publishers and developers to generate new revenues, acquire new users and extend the loyalty of existing users. PlaySpan is based in Silicon Valley.

Sell $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 Resolve Therapeutics

Kirkland, Washington, United States

Resolve Therapeutics is a private biotechnology company that is dedicated to the goal of improving the lives of patients suffering from lupus.

Buy -