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Deals of the day: Wilton Re switching sponsors, and more…

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
March 21, 2014, 2:37 PM ET

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Venture Capital Deals

Gigwalk, a San Francisco-based provider of software for consumer brands that provides local visibility of in-store conditions, has raised $10 million in Series B funding. Nokia Growth Partners led the round, and was joined by Randstad Holding and return backers August Capital, Harrison Metal and SoftTech VC. Www.gigwalk.com

Faraday Inc., a Middlebury, Vt.-based provider of cloud software for customer acquisition in  the home improvement industry, has raised $880,000 in Series A funding. FreshTracks Capital led the round, and was joined by 3Degrees and LauncCapital. Www.freshtrackscap.com

Private Equity Deals

The Canada Pension Plan Investment Board has agreed to acquire life insurance and reinsurance firm Wilton Re for $1.8 billion, from a group of investors that includes Stone Point Capital, Kelso & Co,Vestar Capital Partners and FFL Partners. Www.cppib.com

Brinkmere Capital Partners has acquired  Certified Power Inc., a Mundelein, Ill.–based distributor of fluid power and power train products, from Sun Capital Partners. No financial terms were disclosed. Www.suncappart.com

EQT Partners and  Nestlé are among the bidders for Danone’s (Paris: BN) medical nutrition business, according to Les Echos. The deal could be valued at around €4 billion. Www.danone.com

FMC Technologies Inc.
 (NYSE: FT) has agreed to sell its material handling products business to Syntron Material Handling LLC, a portfolio company of Levine Leichtman Capital Partners. No financial terms were disclosed. Www.fmctechnologies.com

Golden Gate Capital
 has acquired around a 9.5% stake in retailer Ann Taylor (NYSE: ANN), according to a regulatory disclosure. Ann Taylor’s current market cap is around $1.7 billion.Www.anninc.com

Temasek Holdings
 has agreed to acquire a 25% stake in Hong Kong-based health and beauty retailer A.S. Watson & Co. For $5.7 billion from billionaire Li Ka-shing. The move means that Li Ka-shing will not move forward with an IPO for the unit, which was first floated as a possibility yesterday in the WSJ.Www.aswatson.com

TPG Capital has agreed to acquire The Warranty Group, a Chicago-based provider of extended warranty programs and related services, from Onex Corp. For $1.5 billion. The deal is expected to close in the third quarter. Www.thewarrantygroup.com

IPOs

A10 Networks Inc., a San Jose, Calif.-based provider of application networking technologies, raised $188 million in its IPO. The company priced 12.5 million shares at $15 per share (high end of range), for an initial market cap of approximately $885 million. It plans to trade on the NYSE under ticker symbol ATEN, while Morgan Stanley, BofA Merrill Lynch and J.P. Morgan served as lead underwriters. The company reports a $27 million net loss on nearly $142 million in revenue for 2013, compared to a $90 million net loss on $120 million in revenue for 2012. Shareholders include Summit Partners (19% pre-IPO stake) and Mitsui & Co. (12.8%). Www.a10networks.com

Akebia Therapeutics
, a Cincinnati-based developer of small molecule drugs to treat anemia and cancer, raised $100 million in its IPO. The company priced 5.9 million shares at $17 per share, and closed its first day of trading at $26.70 per share. It is listed on the Nasdaq under ticker symbol AKBA, while Morgan Stanley and Credit Suisse served as lead underwriters. Shareholders in the pre-revenue company include Novartis Bioventures (25.1% pre-IPO stake), Venture Investors LLC (11.3%), Satter Investment Management (11.1%), Kearny Venture Partners (10.4%), Novo AS (10.2%), Triathlon Medical Ventures (8.7%), Athenian Venture Partners, AgeChem Venture and Sigvion Capital Fund.Www.akebia.com

Amber Road, an East Rutherford, N.J.-based provider of cloud-based global trade management solutions, raised $96 million in its IPO. The company priced 7.4 million shares at $13 per share (above plans to offer 6.52 million shares at $10-50-$12.50), for an initial market cap of approximately $324 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

Devon Midstream Partners LP
, a midstream gas asset MLP being spun out of Devon Energy (NYSE: DVN), has withdrawn registration for a $400 million IPO. It had planned to trade on the NYSE, with BoA Merrill Lynch and Barclays serving as lead underwriters. Www.devonenergy.com

Globoforce Ltd., a provider of cloud-based social recognition software for organizations use to engage their employees, has withdrawn IPO registration. It originally planned to offer 4.4 million shares at between $16 and $18 per share, but lowered those projections yesterday before ultimately pulling the offering. It had planned to trade on the Nasdaq, with J.P. Morgan listed as left lead underwriter. Shareholders include Balderton Capital (41.5% pre-IPO stake) and Atlas Venture (31.4%). The company is based in Ireland, with U.S. Offices in Southborough, Mass.www.globoforce.com

Mediwound Ltd.
, an Israel-based developer of burn and chronic wound management drug, raised $70 million in its IPO. The company priced 5 million shares at $14 per share (low end of range), and closed its first day of trading at $17.27 per share. It is now listed on the Nasdaq under ticker symbol MDWD, while Jefferies, Credit Suisse and BMO Capital Markets served as lead underwriters. Shareholders include Clal Biotechnology Industries (65.3% pre-IPO stake). Www.mediwound.com

Rubicon Project Inc.
, a Los Angeles-based provider of online ad sales automation, has set its IPO terms to 6.77 million shares being offered at between $15 and $17 per share. It would have an initial market cap of around $556 million, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol RUBI, with Morgan Stanley, Goldman Sachs and RBC Capital Markets. Rubicon Project reports a $9.2 million net loss on around $56 million in revenue for the first nine months of 2013, compared to a $4.4 million net loss on $38 million in revenue for the year-earlier period. Shareholders include Clearstone Venture Partners (24% pre-IPO stake), News Corp. (21.3%), Mayfield Fund (15.6%), Peacock Equity and IDG Ventures Asia.www.rubiconproject.com

Presbia PLC
, an Irvine, Calif.-based developer of an optical lens implant for treating presbyopia, has filed for a $90 million IPO. It plans to trade on the Nasdaq under ticker symbol LENS, with Jefferies serving as lead underwriter. Www.presbia.com

M&A

Kontron AG, a listed German maker of embedded computer technologies, has sold its 40% stake in Ubitronix, a provider of software solutions to the electricity, gas and heat metering markets, to group management. It also plans to sell its position in Russian unit RTSoft, as a furth effort to shed non-core assets. Kontron shareholders include Warburg Pincus and Triton Private Equity. Www.kontron.com

XO Group (NYSE: XOXO) has acquired New York-based recipe aggregation website  Gojee for an undisclosed amount, according to TechCrunch. Gojee had raised around $4 million from Kapor Capital and InterWest Partners, and had explored sale talks with such companies as Yahoo.Www.gojee.com

Welltok Inc., a Denver-based health optimization platform, has acquired Mindbloom, a Seattle–based mobile health company. No financial terms were disclosed. Welltok has raised around $48 million in VC funding, from NEA, IBM, Qualcomm Ventures, Emergence Capital Partners, InterWest Partners, Miramar Venture Partners and Okapi Venture Capital. Www.welltok.com

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