• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceTerm Sheet

Deals of the day: Aeroflex bought for $1.5 billion

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 20, 2014, 10:39 AM ET

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Venture Capital Deals

Centrify Corp., a Sunnyvale, Calif.-based provider of security and compliance solutions for both on-premise and cloud-based systems and applications, has raised $42 million in fifth-round funding from Samsung Ventures, Fortinet Inc. And Docomo Capital. The company previously raised around $52 million from Index Ventures,  Mayfield Fund, Accel Partners, Invesco Private Capital and Sigma Partners. Www.centrify.com

Kymab
, a UK-based monoclonal antibody biopharma company, has raised $40 million in Series B funding. The Bill & Melinda Gates Foundation was joined by return backer The Wellcome Trust. Www.kymab.com

Sumo Logic
, a Mountain View, Calif.-based machine data analytics company, has raised $30 million in new VC funding. Sequoia Capital led the round, and was joined by return backers Greylock Partners, Sutter Hill Ventures and Accel Partners. The company previously raised $50.5 million. Www.sumologic.com

Captora
, a Mountain View, Calif.-based adaptive marketing startup, has raised $22 million in Series B funding. New Enterprise Associates led the round, and was joined by return backer Bain Capital Ventures. Www.captora.com

Jibe Inc.
, a New York-based provider of loud-based recruiting technology solutions, has raised $20 million in Series C funding. SAP Ventures led the round, and was joined by return backers Polaris Partners, DFJ, Gotham Ventures, Longworth Venture Partners and Thrive Capital. Www.jibe.com

Earnest
, a San Francisco-based “loan program for financially responsible graduating students and young professionals,” has raised $15 million in new VC funding. Backers include Andreessen Horowitz, Atlas Venture, Collaborative Fund, First Round Capital and Maveron. Www.meetearnest.com

ALung Technologies Inc.
, a Pittsburgh-based developer of extracorporeal CO2 removal technologies for patients with acute respiratory failure, has raised $10 million in new VC funding. No investor information was disclosed. Existing shareholders include Allos Ventures, West Capital Partners, Birchmere Ventures, BlueTree Capital Group, PLSG Accelerator Fund and Smithfield Trust Co. Www.alung.com

Survios
, a Los Angeles–based technology platform “to bring full-body motion technology into the virtual reality fold,” has raised $4 million in Series A funding. Shasta Ventures led the round, and was joined by Felicis Ventures and Gen Isayama of World Innovation Lab. Www.survios.com

LuckyFish Games
, an Israeli developer of luck-based social games for mobile devices and social networks, has raised $1.6 million in Series A funding from Carmel Ventures. Www.luckyfishgames.com

Indiegogo
, a San Francisco-based crowdfunding platform, has raised an undisclosed amount of new VC funding from Richard Branson, Max Levchin, Megan Smith and Maynard Webb. The company previously raised over $50 million from VC firms like Insight Venture Partners, MHS Capital, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Metamorphic Ventures and ff Venture Capital. Www.indiegogo.com

Tripping, a San Francisco-based metasearch site for vacation rentals, has raised an undisclosed of Series A funding co-led by RGIP Fund and Quest Venture Partners. Www.tripping.com

Private Equity Deals

Hi-Tech Holdings LLC, a Schiller Park, Ill.-based portfolio company of May River Capital, has acquired a majority stake in GCM, a Union City, Calif.-based supplier of contract manufacturing services to leading OEMs in the medical, industrial, transportation, and aerospace sectors. No financial terms were disclosed. GCM also has a facility in Dongguan, China. Www.hi-tech-mfg.com

Lone Star Funds and J.P. Morgan are in the “final stages” of buying a portfolio of Spanish property loans from Commerzbank (DB: CBK) for upwards of €3.9 billion, according to Reuters. Www.commerzbank.com

New Heritage Capital
 has sponsored a management-led equity recap of EPTAM Plastics Ltd., a Northfield, N.H.-based fabricator of precision machined plastic components. No financial terms were disclosed. Www.eptam.com

Treasury Wine Estates (ASX: TWE), an Australian winemaker, has rejected a $2.8 billion takeover offer from Kohlberg Kravis Roberts & Co. Www.tweglobal.com

IPOs

GoPro Inc., a Half Moon Bay, Calif.-based camera maker, announced that it has filed for a $100 million IPO (almost certainly a placeholder figure). It plans to trade on the Nasdaq under ticker symbol GPRO, with J.P. Morgan listed as left-lead underwriter (9 total banks listed). The company reports $61 million of net income on $986 million in 2013 revenue, compared to $32 million of net income on $526 million in 2012. Q1 2014 results, however, were lower than Q1 2013 results. Shareholders include Riverwood Capital (16.27% pre-IPO stake), Foxconn International (10.38%), Sageview Capital (6.15%), Steamboat Ventures, Walden International and U.S. Venture Partners. Www.gopro.com

 Amphastar Pharmaceuticals Inc., a Rancho Cucamonga, Calif.-based developer of generic and proprietary injectable and inhalation products, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol AMPH, with Jefferies, BMO Capital Markets and Piper Jaffray serving as lead underwriters. The company reports $11.8 million of net income on $230 million in revenue for 2013. Shareholders include Applied Physics & Chemistry Laboratories Inc. (19.67% pre-IPO stake) and Coller Partners (8.6%). Www.amphastar.com

Ardelyx Inc., a Fremont, Calif.-based developer of non-absorbed small molecules, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol ARDX, with Citigroup and Leerink Partners serving as lead underwriters. The company reports $6.5 million of net income on $25 million in revenue for 2013. The company has raised over $30 million in VC funding from New Enterprise Associates  (45.89% pre-IPO stake), CMEA Capital (28.72%) and Amgen Ventures (6.03%). Www.ardelyx.com

Kite Pharma Inc
., a Los Angeles-based developer of targeted immunotherapies for cancer, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol KITE, with Jefferies, Credit Suisse and Cowen & Co. Serving as lead underwriters. The pre-revenue company has raised around $35 million in VC funding from David Bonderman (9.2% pre-IPO stake), Pontifax (8.5%), Alta Partners (8.3%) and Commercial Street Capital (7.3%). Www.kitepharma.com

Parnell Pharmaceuticals
, an Australian animal pharma company, has filed for a $57.5 million IPO. It plans to trade on the Nasdaq under ticker symbol PARN, with Jefferies and Piper Jaffray serving as lead underwriters. Www.parnellpharm.com

M&A

Cobham PLC (LSE: COB) has agreed to acquire Aeroflex Holding Corp. (NYSE:ARX), a Plainview, N.Y.–based provider of microelectronic components and test and measurement equipment. The deal is valued at approximately $1.46 billion (including $540m of assumed debt), or $10.50 per share (26.1% premium over last Friday’s closing price). Www.aeroflex.com

PubMatic, a Redwood City, Calif.-based programmatic ad platform, has acquired Mocean Mobile(f.k.a. Mojiva), a New York–based mobile ad server for publishers. No financial terms were disclosed. PubMatic has raised over $75 million in VC funding from such firms as August Capital, DFJ, Helion Ventures, Nexus Venture Partners and Nokia Growth Partners. Mocean had raised $45 million in VC funding from such firms Bertelsmann Digital Media Investments, Shamrock Capital Advisors and Pelion Venture Partners. Www.pubmatic.com

RSA Insurance Group PLC (LSE: RSA) has agreed to sell its majority stake in Canadian brokerage Noraxis Capital Corp. To Arthur J. Gallagher & Co. (NYSE: AJG) for C$500 million. Www.noraxis.com

Avista Capital Partners has hired Berkery Noyes to find a buyer for InvestorPlace, a Rockville, Md.-based financial news and investing site, according to peHUB. Www.investoplace.com

BC Partners is considering a sale process for Spotless Group, an Australian cleaning and catering company, according to Les Echos. The deal could be worth between €900 million and €1 billion. Prior reports suggested that BC Partners was prepping an IPO for Spotless Group. Www.spotless.com.au

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

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
3 days ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
3 days ago
placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
17 hours ago
placeholder alt text
AI
Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
2 days ago
placeholder alt text
Investing
Jerome Powell got a direct question about the U.S. ‘losing credibility’ and the soaring price of gold and silver. He punted
By Eva RoytburgJanuary 29, 2026
2 days ago
placeholder alt text
C-Suite
Coins2Day 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
3 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Finance

Jerome Powell leaving the Fed is a key concern for Claudia Sahm.
EconomyLabor
‘I just don’t have a good feeling about this’: Top economist Claudia Sahm says the economy quietly shifted and everyone’s now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
2 hours ago
United States President Donald Trump
EconomyInflation
Trump’s unlikely promise to ‘end inflation’ still saw families paying an extra $2,120 for goods and services in 2025
By Eleanor PringleJanuary 30, 2026
13 hours ago
Personal Financemortgages
How is interest on a personal loan calculated?
By Joseph HostetlerJanuary 30, 2026
13 hours ago
Personal FinanceLoans
Are there personal loans for veterans and military members?
By Joseph HostetlerJanuary 30, 2026
13 hours ago
Personal FinanceCertificates of Deposit (CDs)
Best certificates of deposit (CDs) for January 2026
By Glen Luke FlanaganJanuary 30, 2026
14 hours ago
Donald Trump with a frown.
Politicsmining
3 big hurdles undermine Trump’s plan to extract Greenland’s mineral wealth—and America’s fraying relationship with Europe is one of them
By Tristan BoveJanuary 30, 2026
14 hours ago