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Deals of the day: Cerberus circles Safeway

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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March 6, 2014, 4:17 PM ET

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Venture Capital Deals

OnDeck, a New York-based platform for lending to “Main Street businesses,” has raised $77 million in growth equity funding. Tiger Global Management led the round, and was joined by return backers Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital, Industry Ventures and Peter Thiel. The company has now raised a total of $180 million in equity and over $300 million in debt financing. It also announced that it will hit the $1 billion mark in total deployed capital later this month. Www.ondeck.com

Payoneer Inc., a New York-based online payments company, has raised $25 million in Series D funding. Susquehanna Growth Equity led the round, and was joined by return backers Carmel Ventures, Greylock IL and Vintage Venture Partners. Www.payoneer.com

Trusper, an app for sharing personal tips on such things as beauty, DIY and fitness, has raised $6.17 million in Series A funding led by  DCM. Www.trusper.com

Boxever
, an Ireland-based  big data and personalization platform for airlines and travel operators, has raised $6 million in VC funding. Polaris Partners led the round, and was joined by Frontline Ventures.Www.boxever.com

Peek.com
, a reservations platform for the travel activity market, has raised $5 million in new VC funding. Backers include Brad Gerstner (Altimer Capital), Jeff Fluhr (co-founder of StubHub), Jack Dorsey (CEO of Square) and Eric Schmidt (Google chairman). Www.peek.com

TripleLift
, a New York-based native advertising platform, has raised $4 million in Series A funding. True Ventures  led the round, and was joined by return backers iNovia Capital, NextView Ventures, MESA+, Liberty City Ventures, Social Starts, Laconia Ventures and the Social Internet Fund. Read more at Coins2Day.com.

ICardiac Technologies Inc., a Palo Alto, Calif.-based provider of cardiac safety assessment services, has secured an undisclosed amount of growth equity funding from Norwest Venture Partners.Www.icardiac.com

Persimmon Technologies, a  Wakefield, Mass.-based provider of 3D deposition technology for motor component manufacturing, has raised an undisclosed amount of VC funding from ABB Technology Ventures. Www.persimmontech.com

ShowEvidence Inc., a Santa Clara, Calif.-based provider of student and teacher assessment software, has raised an undisclosed amount of VC funding from the Follett Knowledge Fund.Www.showevidence.com

Private Equity Deals

Centerbridge Partners has acquired an undisclosed equity stake in Capmark Financial Group Inc., a Horsham, Penn.-based real estate finance firm. Houlihan Lokey Capital managed the process.Www.capmark.com

Cerberus Capital Management  has offered to buy supermarket chain  Safeway (NYSE: SWY) for approximately $9 billion, or $40 per share, according to the WSJ. Kroger is also considering a bid.Www.safeway.com

Falfurrias Capital Partners has acquired  Efacec ACS Inc., a Norcross, Ga.-based provider of smart grid automation solutions to the electric power industry, from Portugal’s Efacec Group. No financial terms were disclosed. The company’s name will be changed to Advanced Control Systems Inc.Www.efacec.pt

Imaginea Energy Co.
, a Canadian oil and gas asset acquisition platform led by Suzanne West (ex-CEO of Black Shire Energy, which was sold to Twin Butte Energy for C$358m), has secured a C$300 million equity commitment from Lime Rock Partners. Www.lrpartners.com

Interactive Health
, a Schaumburg, Ill.-based provider of outcomes-based wellness programs, has acquired Health Solutions, a provider of onsite comprehensive wellness services. No financial terms were disclosed. Interactive Health backers include CI Capital Partners. Www.interactivehealthinc.com

Ripple Brand Collective LLC, maker of BarkThins chocolate snacks, has raised an undisclosed amount of minority equity funding from Alliance Consumer Growth. Www.barkthins.com

Sterigenics International
, a Deerfield, Ill.–based provider of outsourced contract sterilization services, has completed its previously-announced $20.5 million acquisition of Food Technology Services Inc.(Nasdaq: VIFL), owner and operator of an irradiation facility in Mulberry, Florida. Sterigenics is a portfolio company of GTCR. Www.gtcr.com

Surveying and Mapping Inc.
, an Austin, Texas-based provider of geospatial solutions has raised an undisclosed amount of funding from Austin Ventures. The deal also includes debt co-lead arranged by J.P. Morgan and Comerica Bank. Www.saminc.biz

Superior Capital Partners has sold Edge Adhesives Holdings Inc., a Fort Worth, Texas-based maker of adhesives, sealants and tapes for the building market, to Gladstone Investment Corp. And Akoya Capital. No financial terms were disclosed. Www.gladstone.com

IPOs

Adamis Pharmaceuticals, an Emeryville, Calif.-based developer of therapeutics for chronic CNS disorders, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol ADMS, with Credit Suisse and Piper Jaffray serving as lead underwriters. The company reports $50 million in net income on $71 million in revenue for 2013, compared to $17 million in net income on $71 million in revenue for 2012. Shareholders include Mohr Davidow Ventures (32.4% pre-IPO stake), Aeris Capital (16.9%), DAG Ventures (12.7%), NCD Investors (6.6%), Bio*One Capital, EDB Investments, GF Private Equity, Northgate Capital and Takeda Ventures. Www.adamaspharma.com

Amber Road
, an East Rutherford, N.J.-based provider of cloud-based global trade management solutions, has set its IPO terms to 6.52 million shares being offered at between $10.50 and $12.50 per share. It would have an initial market cap of approximately $286 million, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol AMBR, with Stifel serving as lead underwriter. Amber Road reports $14 million in net income on $52.5 million in revenue for 2013, compared to $2 million of net income on $43 million in revenue for 2012. Shareholders includes Cross Atlantic Capital Partners (34.8% pre-IPO stake), Updata Partners (18.6%), Goldman Sachs (15.6%) and NJTC Investment Fund (7.1%). Www.amberroad.com

Virgin America
 is planning to go public in the second half of 2014, according to a Reuters interview with CEO David Cush. The U.S. Air carrier’s shareholders include Richard Branson.Www.virginamerica.com

OTHER M&A

Atlas Copco announced that its final payment for Edwards Group, a maker of vacuum products and abatement systems, will be $1.5 billion. This comes after Edwards hit certain milestones that increased the per share payout from $9.25 per share to $10.25 per share. Edwards Group was publicly-traded on the Nasdaq, while shareholders included CCMP Capital. Www.edwardsvacuum.com

Akamai Technologies (Nasdaq: AKAM) has completed its previously-announced $370 million acquisition of Prolexic Technologies Inc., a Hollywood, Fla.-based provider of cloud-based security solutions for protecting data centers and enterprise IP applications from DDoS attacks. Prolexic had raised over $50 million in VC funding from Kennet Partners, Camden Partners, Medina Capital, Trident Capital and Intel Capital. Www.prolexic.com

Spotify
 has agreed to acquire The Echo Nest, a Somerville, Mass.-based music intelligence company. No financial terms were disclosed. The Echo Nest has raised around $25 million from Commonwealth Capital Ventures, Norwest Venture Partners, Matrix Partners and Jim Pallotta.Www.echonest.com

VacationRoost, a Salt Lake City-based vacation rental platform backed by Kinderhook Industries, has acquired LeisureLink, a Pasadena, Calif.-based distribution and revenue management platform for specialty lodging suppliers. No financial terms were disclosed. LeisureLink had raised around $17 million in VC funding from such firms as Clearstone Venture Partners, Mission Ventures and Wyndham Exchange & Rentals. Www.LeisureLink.com

VMG Partners has sold fruit and nut-bar maker KIND LLC back to company founder Daniel Lubetzky. LBO Wire puts the price tag at $220 million in cash and notes. Read more at Coins2Day.com.

Yahoo Inc. (Nasdaq: YHOO) has acquired  Vizify, a Portland, Ore.-based startup that visualizes social data. No financial terms were disclosed. Vizify had raised a small amount of VC funding from Portland Seed Fund, Techstars and individual angels like Bill McAleer, Bill Bryant and Tim Draper.Www.vizify.com

Stage Stores Inc. (NYSE: SSI) has agreed to sell its off-price retail stores (Steele’s & Deals LLC) to a new retail unit of Hilco Global. No financial terms were disclosed. Www.stagestoresinc.com

Flipboard has agreed to acquire personalized iPad news app Zite from Flipboard has agreed to acquire personalized iPad news app Zite from CNN. No financial terms were disclosed, although Coins2Day has learned that it was an all-stock deal valued at more than the $20 million CNN paid for Zite back in 2011. Www.flipboard.com

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By Dan Primack
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