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FinanceTerm Sheet

Deals of the day: Exelon buying Pepco for $6.8 billion

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
April 30, 2014, 2:20 PM ET

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Venture Capital Deals

Apigee, a San Jose, Calif.-based API management company, has raised $60 million in new VC funding. Pine River Capital Management  and Wellington Management Co.  Co-led the round, and were joined by return backers Norwest Venture Partners, Bay Partners, Third Point LLC, SAP Ventures, with funds managed by BlackRock, Focus Ventures and Accenture. Www.apigee.com

Otonomy Inc., a San Diego-based developer of therapeutics for diseases and disorders of the inner and middle ear, has raised $49 million in Series D funding. Jennison Associates, Perceptive Advisors, Federated Kaufmann Funds, Clough Capital Partners and Ally Bridge Group were joined by return backers OrbiMed Advisors, Novo Ventures, TPG Biotech, Avalon Ventures, Domain Associates, RiverVest Venture Partners, Aperture Venture Partners and Osage University Partners.Www.otonomy.com

Blue Apron, a New York-based meal kit subscription service, has raised $50 million in new VC funding.Stripes Group led the round, and was joined by return backers Bessemer Venture Partners and First Round Capital. Read more at Coins2Day.

Sprinklr, a New York-based social relationship platform, has raised $40 million in Series D funding.Iconiq Capital was joined by return backers Intel Capital and Battery Ventures. Www.sprinklr.com

Tidemark
, a Redwood City, Calif.-based provider of cloud-based business planning and enterprise analytics solutions, has raised $32 million in new private funding. Silicon Valley Bank led the deal, and was joined by return backers Greylock Partners, Andreessen Horowitz, Redpoint Ventures and Tenaya Capital. Www.tidemark.com

ZeroFox
, a Baltimore-based social cyber security intelligence startup, has raised $10.25 million in Series A funding. New Enterprise Associates led the round, and was joined by Genacast Ventures, Core Capital and individual angels. Www.zerofox.com

CloudGenix
, a Santa Clara, Calif.-based startup that virtualizes WANs and securely connects users and hybrid applications, has raised $9 million in first-round funding from Charles River Ventures and the Mayfield Fund. Www.cloudgenix.com

Aviso Inc.(F.k.a. Gnana), a Mountain View, Calif.-based startup focused on helping companies make more accurate financial projections, has raised $8 million in Series A funding. Shasta Ventures led the round, and was joined by Cowboy Ventures, Bloomberg Beta and First Round Capital. Read more at Coins2Day.

Ecologic Brands
, an Oakland-based maker of recycled paper bottles, has raised $7 million in VC funding. Kruger Inc. Led the round, and was joined by seed backers Angel investors, DBL Investors, Catamount Ventures, and Black Bear Partners. Www.ecologicbrands.com

SOLS Systems, a New York-based maker of 3D printed orthoses, has raised $6.4 million in Series A funding. Existing shareholder Lux Capital led the round, and was joined by new investor Founders Fund. Other returning seed backers included RRE Ventures and Rothenberg Ventures. Read more at Coins2Day.

Vortstack, a Los Altos, Calif.-based provider of an enterprise automation and collaboration platform for cyber-security, has raised $5.2 million in new VC funding. TechOperators  led the round, and was joined by EMC Ventures and return backer Aligned Partners. Www.vorstack.com

Scientific Revenue, a San Mateo, Calif.-based provider of revenue solutions for game developers and publishers, has raised $2.5 million in first-round funding led by Walden Venture Capital.Www.scientificrevenue.com

MovieLaLa, a San Francisco-based social network and marketing platform for upcoming films, has raised an undisclosed amount of new seed funding from Marc Benioff. Overall, the company has raised $750,000. Www.movielala.com

Bouju, a Los Angeles-based provider of enterprise brand protection software, has raised an undisclosed amount of new VC funding led by Amidi Group. Www.bouju.comwww.ozy.com

Private Equity Deals

The Gores Group has completed its acquisition of a 51% stake in Hovis, the bread business ofPremier Foods PLC (LSE: PFD). Gores will pay £30 million, of which £15m is deferred and contingent on future business performance. In addition, Gores and Premier (49% owner) jave agreed to invest up to another £45 million into the business. Www.hovisbakery.co.uk

Integrity Nutraceuticals
, a portfolio company of H.I.G. Capital, has acquired CornerStone Research & Development Inc., an Ogden, Utah-based contract manufacturer of vitamins and dietary supplements, from Sun Capital Partners. No financial terms were disclosed. Sun had acquired the company two years ago from Mitsui & Co. Www.suncappart.com

Snow Phipps Group has acquired FeraDyne Outdoors LLC, a Cartersville, Ga.-based maker of broad-heads, bow-hunting accessories and bow-fishing equipment. No financial terms were disclosed.Www.snowphipps.com

IPOs

GlobeImmune, a Louisville, Colo.-based developer of therapeutic products for cancer and infectious diseases, has set its IPO terms to 2.19 million shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $92 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol GBIM, with Aegies Capital serving as underwriter. Shareholders include Celgene International), HealthCare Ventures, Morgenthaler Ventures, Wexford Capital, Sequel Ventures, Lilly Ventures and Medica Venture Partners.Www.globeimmune.com

Scynexis Inc., a Durham, N.C.-based developer of therapeutics for fungal infections, has again amended its IPO terms – this time saying that it will sell 6.2 million shares at $10 per share. It originally planned to offer 4.23 million shares at $12-$14, before changing that to 7.33 million shares being offered at $7-$8. The company still plans to trade on the Nasdaq under ticker symbol SCYX, with RBC Capital Markets and Canaacord Genuity serving as lead underwriters. Scynexis reports a $23 million net loss on $16.8 million of revenue for 2013. Shareholders include Ventech Capital (18.29% pre-IPO stake), Merial Ltd. (6.29%), Alta Partners (18.09%), Burrill & Co. (9.56%), S.R. One Ltd. (9.35%). Www.scynexis.com

M&A

Exelon Corp. (NYSE: EXC) has agreed to acquire Washington, D.C.-based utility Pepco Holdings Inc. (NYSE: POM) for $6.8 billion in cash, or $27.25 per share (24.7% premium to last Friday’s closing price). Www.pepcoholdings.com 

The ADT Corp. (NYSE: ADT) has agreed to acquire  Reliance Protectron Inc., a provider of monitored security services in Canada, from Alinda Capital Partners for approximately C$555 million in cash. Www.protectron.com

Columbia Sportswear
 (Nasdaq: COLM) has acquired Carlsbad, Calif.-based yoga pants maker Prana Livin g from Steelpoint Capital Partners for $190 million. Www.prana.com

EQT Partners has agreed to sell its 95% stake in Gala Television Corp., a Taiwanese cable television network, to Formosa Plastics Group (Taiwan: 1301). No financial terms were disclosed.Www.fpc.com.tw

Lightyear Capital has completed its previously-announced sale of Cetera Financial Group, an El Segundo, Calif.–based broker-dealer and investment adviser, to RCS Capital Corp. (NYSE: RCAP). The deal was valued at $1.15 billion in cash. Www.cetera.com

Numerex Corp.
 (Nasdaq: NMRX) has agreed to acquire Omnilink Systems Inc., an Alpharetta, Ga.–based provider of M2M solutions for tracking and monitoring solutions. The deal is valued at $37.5 million in cash, and is expected to close within the next month. Sellers include Canal Partners, Grotech Ventures, Imlay Investments and Partners for Growth. Www.omnilink.com

Red Hat Inc. (NYSE: RHT) has agreed to acquire  Inktank, a Los Angeles–based provider of open-source storage systems, for approximately $175 million in cash. Sellers include Intel Capital.Www.inktank.com

Sign up for Dan Primack’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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