SLIDESHOW

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

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Illumina Purchases Downs Syndrome Test Maker for $350M

The target, Verinata, makes a prenatal test for high-risk pregnancies

Illumina Inc. has purchased Verinata Health Inc. for $350 million, plus up to $100 million in milestone payments.

The deal will give Illumina access to Verinata’s prenatal test, called verifi. The non-invasive prenatal test, which can detect Downs syndrome, Edwards syndrome and Patau syndrome, is for high-risk pregnancies. Illumina will also acquire Verinata’s intellectual property portfolio. 

Illumina acquired BlueGnome Ltd., which provides genetic abnormality screening, in September. Roche Holding AG offered to buy Illumina in 2012 for $5.7 billion in cash, but Illumina's board of directors resisted the takeover.

Bank of America Merrill Lynch acted as financial adviser, while Jack Bodner and Scott Smith of Covington & Burling acted as legal counsel to Illumina on the deal. 

 

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