New business

CSI signs distribution deal in Japan

Cardiovascular Systems Inc., St. Paul, signed a distribution deal with Tokyo-based Medikit Co. Ltd. to sell CSI’s Diamondback 360 Coronary and Peripheral Orbital Atherectomy Systems in Japan.

To secure the distribution deal for its sales force of 120, Medikit has made an upfront payment of $10 million to CSI.


Evine Live names new director

Evine Live, Eden Prairie, has appointed Mark Holdsworth to its board of directors.

Holdsworth will serve on the corporate governance, nominating and finance committees. Holdsworth is a co-founder and operating partner of Tennenbaum Capital Partners.

Mergers and acquisitions

G&K shareholders approve deal

G&K Services Inc., Minnetonka, announced that shareholders approved the proposed merger with Cintas Corp. at the company’s annual meeting Tuesday.