VENTURE DEALS
- Provivi, a Santa Monica-based emerging crop protection company, raised $85 million in Series C financing. Pontifax Global Food and Agriculture Fund led the round.
- Lively Inc., a San Francisco-based provider of Health Savings Account access, raised $27 million in Series B funding. Costanoa Ventures led the round, and was joined by investors including Ally Ventures, Liquid 2 Ventures, PJC, Teamworthy Ventures, Streamlined Ventures, and Y Combinator.
- McMakler, a Berlin-based real estate platform, raised $20 million in funding from Balderton Capital and GR Capital.
- Lovevery, a Boise, Id.-based maker of educational children's toys, raised $20 million in Series B funding. Maveron led the round and was joined by investors including GV, Reach Capital, the Chan Zuckerberg Initiative, and Collaborative Fund.
- Thimble, a New York-based platform offering short-term liability coverage for small businesses and independent workers formerly known as Verifly, raised $22 million in Series A funding. IAC led the round and was joined by investors including Slow Ventures, AXA Venture Partners, and Open Ocean.
- Building Engines, a Boston-based operations platform for commercial real estate owners, operators and occupants, raised $12.7 million in funding. Wavecrest Growth Partners led the round and was joined by investors including River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures.
- Cashforce, an Antwerp-based fintech startup forecasting cash and working capital for customers, has raised 5 million euros ($5.5 million) in Series A funding. INKEF Capital and Citi Ventures led the round.
- Mable, a Boston-based startup mobile and web-based B2B wholesale platform, raised $3.1 million in seed funding. Venrock, Accomplice, and Founder Collective led the round.
- Hummingbird Technologies, a London-based tech platform that evaluates the condition of agricultural fields, raised an undisclosed amount of Series B funding. Investors include BASF Venture Capital, TELUS Ventures, Saudi Agricultural and Livestock Investment Company, and Downing Ventures.
- Fitt, a Pittsburgh-based location-based for healthy living experiences across fitness, food, and events, raised an undisclosed amount. Mountain State Capital led the round and was joined by investors including Riverfront Ventures, MINDBODY, and TNC Ventures.
HEALTH & LIFE SCIENCES DEALS
- Cyteir Therapeutics, a Lexington, Mass.-based developer of synthetic lethal therapies for cancer, raised $40.2 million in Series B funding. Novo Holdings led the round and was joined by investors including Venrock, DROIA Oncology Ventures, Osage University Partners, Lightstone Ventures, and Celgene Corporation.
- Azitra, a Farmington, Conn.-based clinical-stage medical dermatology company addressing skin conditions, raised $14 million in Series A funding. KdT Ventures and Bios Partners led the round and was joined by investors including Connecticut Innovations and Godfrey Capital.
PRIVATE EQUITY DEALS
- Rockbridge Growth Equity invested in White Glove, a Birmingham, Mich.-based provider of marketing support for those in the finance, insurance, legal and real estate industries. Financial terms weren't disclosed.
- Canada Pension Plan Investment Board and KKR will acquire a stake in Axel Springer, the German publisher, for at least 500 million euros.
- TMP Worldwide, backed by Gemspring Capital, acquired Carve, a London-based social media strategy firm. Financial terms weren't disclosed.
- HCAP Partners invest in DYPER, a Scottsdale, Ariz.-based bamboo diaper subscription service. Financial terms weren't disclosed.
- Clarion Capital Partners invested in Harris & Harris, a Chicago-based provider of accounts receivable management. Financial terms weren't disclosed.
- The Carlyle Group closed its investment in HireVue, a Salt Lake City-based provider of AI-driven talent assessment solutions. TCV, Granite Ventures, and Sequoia remain minority investors. Financial terms weren't disclosed.
- Blackstone plans to make a tender offer for Unizo Holdings, a Japanese hotel chain, Reuters reports. Unizo previously rejected an offer from the firm.
- Blue Wolf Capital Partner acquired Kirlin Design Build, a Maryland-based engineering and construction company. Financial terms weren't disclosed.
- SFW Capital Partners agreed to sell DaySmart Software, an Ann Arbor, Mich.-based provider of business management software in the salon, pet, spa, and tattoo verticals, to LLR Partners and Parthenon Capital.
IPOS
- Phathom Pharmaceuticals, an Emeryville, Calif.-based firm focused on gastrointestinal diseases, says it plans to raise about $150 million in an IPO of 7.9 million shares priced between $18 to $20. It posted a loss of $1.3 million in 2018. Frazier Life Sciences (41.1%) and Takeda Pharmaceutical Company (9.1%) back the firm. It plans to list on the Nasdaq as "PHAT." Read more.
- OneWater Marine, a Buford, Ga.-based recreational boat retailer, now plans to raise $60 million in an IPO of 3.2 million shares priced between $18 to $20. The firm posted revenue of $603 million in the year ending Sept. 2018 and income of $1.1 million. One Water Ventures, LMI Holdings, and Goldman Sachs back the firm. It plans to list on the Nasdaq under an undisclosed symbol. Read more.
- Youdao, a Hangzhou, China-based maker of learning products and services, now plans to raise $92 million in an IPO of 5.6 million ADSs priced between $15 to $18. It posted revenue of $142.6 million and a loss of $84.8 million in 2018. NetEase backs the firm. It plans to list on the NYSE as "DAO." Read more.
- Tela Bio, a Malvern, Penn.-based firm focused on soft tissue reconstruction, filed for a $69 million IPO. The firm posted revenue of $8.3 million in 2018 and loss of $29.9 million. OrbiMed (34.6% pre-offering), Quaker BioVentures (21.2%), and Pacira Pharmaceuticals (13.6%) back the firm. It plans to list on the Nasdaq as "TELA." Read more.
EXITS
- Fortress Investment Group sold CoreVest American Finance Lender, the Irvine, Calif.-based real estate lender and several of its affiliates to Redwood Trust. Financial terms weren't disclosed.
- Carlyle Group plans to sell Addison Lee, a taxi service, by early next year, the Financial Times reports. Carlyle acquired the firm in 2013 for 300 million pounds.
- FFL Partners agreed to sell Crisis Prevention Institute, a Milwaukee, Wis.-based, provider of crisis prevention and intervention training programs to help professionals respond to anxious, hostile and violent behaviors, to Wendel for an enterprise value of $910 million.
- Castle Harlan spun out Colyar Technology Solutions, a Phoenix-based provider of software for the U.S. Department of Agriculture, from portfolio company Gold Star Foods. Financial terms weren't disclosed.
- ArchiMed sold Primo Group, an Italian chain of dental clinics, to Aksia. Financial terms weren't disclosed.
F+FS
- Clean Energy Ventures closed its $110 million debut fund.
- Veritas Capital closed Veritas Capital Fund VII with $6.5 billion.
PEOPLE
- Houlihan Lokey named Jerome Brown as managing director and Austin Smith as vice president. Brown and Smith previously worked at JMP Securities.
OTHERS
- TV Time agreed to acquire Mediamorph, a New York-based firm focused on content management for the entertainment industry. Financial terms weren't disclosed.
- Cognizant (Nasdaq: CTSH) agreed to acquire Contino, a London-based technology consulting firm. Financial terms weren't disclosed.
- KIND Healthy Snacks acquired Creative Snacks, a North Carolina-based maker of cluster-style snacks and trail mixes. Financial terms weren't disclosed.
- Broadridge Financial Solutions acquired Appatura, a Ridgefield Park, N.J.-based firm for regulatory and marketing content management. Financial terms weren't disclosed.
No comments:
Post a Comment