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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

BGI-Shenzhen Completes $117.6M Deal for Complete Genomics

Complete Genomics is a human genome sequencing and analysis company

Shenzhen, China-based BGI-Shenzhen has completed a $117.6 million deal to buy Complete Genomics. 

The deal was originally announced in September, but the companies had to receive antitrust and CFIUS clearance in the U.S. The deal also had to recieve regulatory approval in China.

BGI paid $3.15 million per share. The company is a genomics organization that did the deal through its subsidiary, Beta Acquisition Corp.

Complete, headquartered in Mountain View, Calif., is a human genomic sequencing company. Before the deal closed it traded on the Nasdaq as GNOM.

In June Complete announced it hired Jefferies & Co. to pursue strategic alternatives. At that point it also announced it was eliminating 55 positions. 

Citi was BGI’s financial adviser, and O’Melveny & Myers LLP represented BGI on the deal. Complete received financial advice from Jefferies, while Latham & Watkins LLP provided legal counsel. 

 

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