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Deals of the day: Biomet sold for $13 billion

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
April 24, 2014, 2:35 PM ET

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Venture Capital Deals

Crispr Therapeutics, a Swiss developer of gene-editing technology, has raised $25 million in Series A funding from Versant Ventures. Www.crisprtx.com

ShopKeep POS
, a New York-based provider of cloud-based point-of-sale solutions for retailers,, has raised $25 million in Series C funding. Thayer Street Partners led the round, and was joined by return backers Canaan Partners, TTV Capital and Tribeca Venture Partners. Www.shopkeep.com

Bitmoon Computing
, a stealth startup from former Salesforce.com CTO Rob Woollen, has raised $8 million in VC funding, according to a regulatory filing. Backers include Sutter Hill Ventures, where Woollen is an entrepreneur-in-residence.

Synack
, a Menlo Park, Calif.-based crowdsourcing platform for identifying cyber-security holes, has raised $7.5 million in Series A funding. Kleiner Perkins Caufield & Byers led the round, and was joined by Google Ventures, Allegis Capital and Derek Smith (CEO of Shape Security). Read more at Coins2Day. 

Recon Instruments, a Vancouver-based developer of “heads-up display” technology for sports and activity-specific environments, has raised an undisclosed amount of funding from Motorola Solutions Venture Capital. Www.reconinstruments.com

Private Equity Deals

2Checkout, a Columbus, Ohio-based provider of payments-as-a-service, has raised $60 million in new VC funding co-led by Chicago Growth Partners and Trident Capital. Www.2checkout.com

Chobani, a New Berlin, N.Y.-based maker of Greek yogurt, has secured a $750 million investment from TPG Capital. No further details were disclosed, although Reuters reports that the investment is structured as a second-lien loan that ultimately could give TPG up to a 35% equity stake in Chobani.Www.chobani.com

Clearlake Capital Group has received bankruptcy court approval to acquire women’s clothing retailer Ashley Stewart for upwards of $23 million.  Www.ashleystewart.com

Golden Gate Capital has agreed to sell restaurant chain On The Border Mexican Grill & Cantina to Argonne Capital Group and an affiliate of Fortress Investment Group. No financial terms were disclosed. On The Border currently operates 121 units in the U.S., and has franchised 36 other locations (including in Saudi Arabia and South Korea). Www.ontheborder.com

FinancialForce.com
, a San Francisco-based cloud ERP provider, has raised $50 million in growth equity funding from Advent International. Existing backers include Salesforce.com.Www.financialforce.com

Insight Venture Partners has acquired a majority equity stake in WorkForce Software, a Livonia, Mich.–based provider of workforce management solutions. No financial terms were disclosed.Www.workforcesoftware.com

PAI Partners has made a binding offer to acquire Euro Media Group, a French provider of audiovisual technical services, for an undisclosed amount. Www.euromediagroup.com

IPOs

Lombard Medical, a British maker of endovascular stent-grafts for repairing aortic aneurysms, has revived its previously-postponed IPO. It also has amended the terms to 5 million shares being offered at $11 per share, compared to earlier plans to offer 3.63 million shares at between $15 and $18 per share. The company plans to trade on the Nasdaq under ticker symbol EVAR, with Jefferies and Barclays serving as lead underwriters. Its shares currently trade on London’s AIM under ticker LMT, but the AIM listing would cease following this offering. Shareholders include Invesco Asset Management (39% pre-IPO stake), Abingworth (17.8%), Fidelity Investment International (9.5%) and LSP Life Sciences (5.7%).Www.lombardmedical.com

M&A

Zimmer Holdings Inc. (NYSE: ZMH) has agreed to acquire Biomet Inc., a Warsaw, Ind.-based maker of medical devices like dental implants and artificial hips joints. The deal is valued at approximately $13.35 billion, including the assumption of net debt. Biomet was taken private for $11.4 billion in 2007 by The Blackstone Group, GS Capital Partners, KKR and TPG Capital. It had been expected to file for an IPO. Www.biomet.com

Cable and Wireless Communications (LSE: CWC) is in talks to sell Monaco Telecom to French billionaire Xavier Niel for approximately $450 million, according to the FT. Www.cwc.com

DataXu, a Boston-based provider of programmatic marketing software for brands and agencies, has acquired JasperLabs, a San Francisco-based provider of creative optimization software. No financial terms were disclosed. DataXu has raised around $55 million in VC funding from Atlas Venture, Menlo Ventures, Thomvest Ventures and Flybridge Capital Partners. Www.dataxu.com

Etsy, a New York-based online marketplace for handmade and vintage goods, has acquired Grand St, an online seller of indie electronics. No financial terms were disclosed. Etsy has raised over $90 million in VC funding from firms like Accel Partners, Union Square Partners, Acton Capital Partners, Hubert Burda Media and Manatt Venture Fund. Grand St. Had raised $1.3 million in seed funding from First Round Capital. Read more at Coins2Day

ICV Partners is seeking a buyer for Marshall Retail Group, a Las Vegas-based operator of specialty retail stores for the resort and casino industry, according to peHUB. A deal could be worth between $250 million and $300 million. ICV originally put Marshall on the block several years ago, but failed to find a buyer.

Intralinks (NYSE: IL) has acquired  DocTrackr, a Cambridge, Mass.-based developer of document security solutions, has raised $2 million in seed funding.  The deal is valued at $10 million. DocTrackr had raised $2 million in seed funding from Polaris Venture, Atlas Venture and Common Angels.Www.doctrackr.com

Sumitomo Bakelite Co. (Tokyo: 4203) has agreed to acquire Vaupell Holdings Inc., a Seattle-based maker of thermoplastic interior solutions to the commercial aerospace industry, from H.I.G. Capital. No financial terms were disclosed. Www.vaupell.com

 

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