VENTURE DEALS
- Sennder, a Berlin-based digital freight forwarding company, raised $70 million in Series C funding at a valuation of approximately $300 million. Lakestar led the round, and was joined by investors including Accel, Next47, H14, HV Holtzbrinck Ventures, Project A and Scania Growth Capital.
- Iflix, a Malaysia-based streaming video service, raised more than $50 million in funding. Fidelity International led the round, and was joined by investors including Catcha Group, Hearst, Sky and EMC.
- UVeye, an Israel-based company that has built a set of drive-through external scanners that can take images of the exterior of a vehicle and detect for anomalies, raised $31 million in funding. Toyota Tsusho, Volvo Cars and W. R. Berkley Corporation led the round, and were joined by investors including F.I.T. Ventures.
- Cognism, a London-based sales acceleration platform, raised $10 million in Series B funding. PeakSpan Capital led the round.
- Tidal Commerce, an Oak Brook, Ill.-based payment processing and merchant services company, raised $4 million in funding, from Super G Capital.
- Veühub, a Canada-based online platform that delivers video content and programmatic monetization solutions, raised $2 million in seed funding, from Bethmann Lombard Bancorp Inc.
- FlixMobility, a Germany-based parent company of global mobility platforms FlixBus and FlixTrain, raised Series F funding of an undisclosed amount. TCV and Permira led the round.
HEALTH AND LIFE SCIENCES DEALS
- Forendo Pharma, a Finland-based drug developer focused on women's health, raised 5 million euros ($5.6 million) in funding, from Sunstone Life Science Ventures.
PRIVATE EQUITY DEALS
- Radiology Partners, an El Segundo, Calif.-based radiology practice in the U.S., raised approximately $700 million in funding, from Starr Investment Holdings.
- Long Ridge Equity Partners made a "significant" investment in Neighborhoods.com LLC, a Chicago-based provider of specialized online real estate marketplaces. Financial terms weren't disclosed.
- Fortino Capital Partners acquired a majority stake in Odin Group, a Netherlands-based provider of IT solutions, cloud hosting, security, managed services and consultancy. Financial terms weren't disclosed.
- Boyne Capital acquired Rapid Fire Protection, a Rapid City, S.D.-based fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems. Financial terms weren't disclosed.
IPOs
- Intercorp Financial Services, a Lima, Peru-based financial services firm, raised $414 million in an initial public offering of 9 million shares priced at $46 apiece. The company now trades on the Lima Stock Exchange as "IFS" at about $46.01 apiece. It posted net interest income of about $949.6 million in 2018 and profit of $328.9 million. Intercorp Peru backs the firm. It plans to list on the NYSE as "IFS."
- Dynatrace Holdings, a Waltham, Mass.-based enterprise cloud platform, plans to raise $427.2 million in an initial public offering of 35.6 million shares (4.5% insider sold) priced between $11 to $13. The firm posted $431 million in revenue for the 12 months ended March 2019 and loss of $166.2 million. Thoma Bravo Fund backs the firm. It plans to list on the NYSE as "DT." Read more.
- Livongo Health, a Mountain View, Calif.-based healthcare platform for chronic illness management, plans to raise $267.5 million in an IPO of 10.7 million shares priced between $24 to $26, up from a range of $20 to $23. It posted revenue of $68.4 million in 2018 and loss of $33.5 million. General Catalyst, Kinnevik Online, and KPCB Holdings back the firm. It plans to list on the Nasdaq under the symbol "LVGO." Read more.
- RAPT Therapeutics, a South San Francisco-based biotech firm creating therapies for cancer and inflammatory diseases, plans to raise $75 million in an IPO of 5 million shares priced between $14 to $16. The Column Group (34.7% pre-offering), KPCB Holdings (20%), and Topspin Fund (12.2%) back the firm. It plans to list on the Nasdaq as "RAPT." Read more.
EXITS
- Hanover Partners and Tuckerman Capital sold Freedom Communication Technologies, a Kingore, Texas-based maker of test sets and instrumentation products for communications end-markets, to Astronics Corporation. Financial terms weren't disclosed.
- Visa acquired Payworks, a Germany-based provider of payment gateway software for the point of sale. Financial terms weren't disclosed. Payworks raised $19 million in venture funding from investors including Visa, CommerzVentures, Finparx, Speedinvest, HW Capital, Barikuta Partners, and Rumford.
FIRMS + FUNDS
- Trilantic North America, a New York-based private equity firm, raised $2.75 billion for Trilantic Capital Partners VI L.P. and its parallel funds.
- Bain Capital, a Boston-based private equity firm, is in talks to raise a new mid-market fund focused on Japan, according to Reuters. Read more.
- Sierra Ventures, a San Mateo, Calif.-based early-stage tech venture firm, raised $215 million for its twelfth fund.
PEOPLE
- Sundip Murthy joined Norwest Equity Partners as a partner.
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