M&A Deal Summary

VaxGen Acquires Diadexus

On July 28, 2010, VaxGen acquired life science company Diadexus from Bain Capital Private Equity

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

M&A Deal Summary

Date 2010-07-28
Target Diadexus
Sector Life Science
Buyer(s) VaxGen
Sellers(s) Bain Capital Private Equity
Deal Type Merger

Target

Diadexus

South San Francisco, California, United States
Diadexus, Inc. is a privately held diagnostics company. It focused on the development and commercialization of patent-protected in vitro diagnostic products addressing unmet needs in cardiovascular disease.

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Buyer(S) 1

Buyer

VaxGen

Brisbane, California, United States

Category Company
Founded 1995
Sector Life Science
DESCRIPTION

VaxGen, Inc. is focused on the development and commercialization of patent-protected in vitro diagnostic products addressing unmet needs in cardiovascular disease.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 30 of 152
Sector: Life Science M&A 1 of 7
Type: Merger M&A Deals 2 of 11
State: California M&A 4 of 14
Country: United States M&A 23 of 87
Year: 2010 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-26 Skillsoft

Nashua, New Hampshire, United States

Skillsoft provides cloud-based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft's customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft was formed in 1998 and is based in Nashua, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-03 TeamSystem

Pesaro, Italy

TeamSystem is a provider of accounting, payroll, and business management software for accountants and small and medium-sized enterprises. TeamSystem offers a broad range of mission-critical, on-premise and cloud solutions to a diversified base of its customers. TeamSystem was founded in 1979 and is based in Pesaro, Italy.

Sell €565M