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Tech and Telecom

K&L Gates Hires M&A Partner

- David Grubman, a former a shareholder with Buchanan Ingersoll & Rooney PC, has joined the firm's Pittsburgh office.

Synchronica Tucks in AxisMobile

- UK mobile e-mailer also raises $10M in move to bolster emerging markets presence.

Cadence Withdraws Bid For Mentor

- The about-face set off a round of accusations between the two sides, with Cadence claiming that Mentor was unwilling to engage in 'substantive discussions.'

Amidst Conflict, Investors Rethink Russia

- As attempts at diplomacy with Russia flounder, investors in the region consider implications to the region.

Gilat Sale Hits Snag

- Buyout consortium is “questioning” whether the satellite company has met the conditions of the merger.

Gabelli Newest Entrant to SPAC Class

- The investor will seek a media or telecommunications company with his $200 million offering, another in a recent string of blank-check companies.

Garmin Acquires Its Austrian Distributor

- No major management or personnel changes expected at Puls Elektronik GmbH.

Light Tower Fiber Closes on KeySpan

- M/C and Wachovia’s Light Tower Fiber will gain additional cable rights through its acquisition of the high-speed fiber optic provider.

At Last, Two Subscription Radio Titans Find the Finish Line

- FCC approval allows for merger of XM, Sirius subscription satellite radio services—with stipulations.

Emerging Capital Sells Nigerian Starcomms Shares

- PE firm targeting African investments plans continued M&A there.

SBA Buys Optasite Holding Co.

- Communications company’s acquisition of cell towers will continue to boost its presence.

Defending M&A from the DOD

- More than any other industry, federal regulators of defense sector deals can burst the bubble on a deal, making sellers more cautious.

Titan Appoints New Exec VP

- Michael D'Onofrio has replaced Kurt Jensen, who became president and CEO of Titan’s communications division.

Worldwide Clinical Trials Closes Fifth Deal in 12 Months

- The addition of Eastern European MediQuest integrates more foreign operations to give the Jordan Co. portfolio firm expanded reach.

APP Pharma Merges with Fresenius

- Fresenius will rapidly gain scale in North American injectables division, chairman says.

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