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FinanceTerm Sheet

Deals of the day: Alibaba keeps buying

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 28, 2014, 5:04 PM ET

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Venture Capital Deals

Spark Therapeutics, a Philadelphia-based developer of one-time gene therapy products, has raised $72.8 million in Series B funding. Sofinnova Ventures led the round, and was joined by Brookside, Deerfield, Rock Springs Capital, T. Rowe Price, Wellington and “two undisclosed dedicated healthcare funds.” Return backer The Children’s Hospital of Philadelphia also participated. Www.sparktx.com

Acquia, a Burlington, Mass.-based provider of digital business optimization solutions, has raised $50 million in new VC funding. New Enterprise Associates led the round, and was joined by Split Rock Partners and return backers North Bridge Venture Partners, Sigma Partners, Investor Growth Capital and Tenaya Capital. The company previously raised over $68 million. Www.acquia.com

Fundrise, a Washington, D.C.-based crowdfunding platform for residential real estate projects, has raised $31 million in Series A funding led by Chinese social networking giant Renren. Read more.

DemystData, a New York.-based provider of real-time customer value scoring for financial institutions, has raised $5 million in Series A funding. Notion Capital, Arbor Ventures, SingTel Innov8, P2P Equity Partners and Errol Damelin (founder of Wonga) were joined by return backers Accion Venture Lab and Arbor Ventures. Www.demystdata.com

Message Bus
, a San Francisco-based cloud-native application service for messaging across email and mobile channels, has raised $4 million in new VC funding. True Ventures led the round, and was joined by fellow insiders North Bridge Venture Partners and Ignition Partners. Www.messagebus.com

Fyusion
, a San Francisco-based developer of 3D image processing technologies, has raised $3.35 million in new VC funding. New Enterprise Associates and UTEC co-led the round, and were joined by existing angel investors like Andy Bechtolsheim and James Joaquin. Www.fyusion.com

PatientPay
, a Durham, N.C.-based provider of cloud-base patient billing and payment services, has raised $2.5 million in Series A funding led by Mosaik Partners. Www.patientpay.net

Private Equity Deals

Aeropostale (NYSE: ARO) has secured a $150 million line of credit from private equity firm Sycamore Partners, which currently holds an 8% stake in the troubled teen apparel chain. Read more.

African Development Partners is investing $20 million for an equity stake in private Moroccan university Université Privée de Marrakech. Www.dpi-llp.com

CSV Midstream Solutions Corp. Has secured an equity commitment of up to $500 million from Apollo Global Management. The funds will be used to pursue the construction and operation of midstream facilities in the Western Canadian Sedimentary Basin. Www.csvmidstream.com

Evolution Media Partners
, a joint venture between TPG Growth and Participant Media, has invested an undisclosed amount in Sandow, owner of the Fred Segal clothing retailer. Www.evolutionmp.com

Identity Group Holdings Corp.
, a Cookeville, Tenn.-based maker of identity products like custom signs, has been acquired by Ancor Capital Partners, Merit Capital Part ners and PNC Mezzanine Capital. No financial terms were disclosed. Www.ancorcapital.com

Laredo Energy
, a Houston, Texas-based driller of natural gas wells in South Texas, has secured $130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings(managed by Old Ironsides Energy LLC). Www.laredoenergy.com

The Ontario Teachers’ Pension Plan
is investing more than $300 million for a majority stake in Flynn Restaurant Group LP, a San Francisco-based Applebee’s and Taco Bell franchisee, from GS Capital Partners and Weston Presidio. Www.flynnrestaurantgroup.com

Outerstuff Ltd.
, a New York–based maker of licensed children’s sports apparel for all of the major sports leagues in North America, has secured an undisclosed amount of private equity funding from The Blackstone Group. Www.outerstuff.com

Quadrant Private Equity
has agreed to acquire Australian nursing home operator Padman Health Care, which it will merge with existing portfolio company Estia Health. No financial terms were disclosed. Www.lastingchanges.com.au

Rotunda Capit
al has acquired a majority stake in Amware Logistics Services, an Eagle, Colo.–based provider of third-party warehousing and fulfillment solutions. No financial terms were disclosed.Www.amwarelogistics.com

Thomas H. Lee Partners is committing upwards of $200 million in equity to launch Prime Risk Partners, an Atlanta-based acquisition platform focused on U.S. Property, casualty and employee benefits insurance agencies. PRP will be led by Bret Quigley, former vice chairman of Beecher Carlson Holdings Inc. Www.primeriskpartners.com

IPOs

Cafe Coffee Day, an Indian coffee shop chain, has begun talking with bankers about a 2015 IPO in Mumbai, according to Bloomberg. The float could value Café Coffee Day at around $1 billion. Shareholders include KKR, Standard Chartered Private Equity and New Silk Route.Www.cafecoffeeday.com

Civitas Solutions Inc.
, a Boston-based provider of home and community-based health and human services for individuals with special needs, has filed for a $250 million IPO. Barclays is listed as left lead underwriter, while six other banks also are on the registration filing. The company reports an $18.3 million net loss on around $1.2 billion in revenue for 2013. Vestar Capital Partners is majority shareholder.

GS Capital Partners and Quadrangle Group are prepping an IPO for Norwegian cable television operator Get AS, according to Reuters. The float could value Get at around $2.5 billion, including debt, with Goldman Sachs and Deutsche Bank leading the offering. Www.get.no

M&A

The Alibaba Group has agreed to pay around $250 million for a 10% stake in Singapore’s national postal system, SingPost (SGX: S08). Www.singpost.com

Valeant Pharmaceuticals (NYSE: VRX) has increased its takeover bid for Botox maker Allergan(NYSE: AGN), saying that it would pay the equivalent of $166.16 per share in cash and stock, compared to its original $152.89 per share offer. Valeant also said that it has agreed to sell its rights for a group of skincare products — Restylane, Perlane, Emervel, Sculptra, and Dysport – to Nestle SA for $1.4 billion in cash. Read more.

Advent International has agreed to sell Vinnolit Holdings GmbH, a German manufacturer of specialty PVC, to Westlake Chemical Corp. (NYSE: WLK) for €490 million. Www.westlake.com

InContact (Nasdaq: SAAS) has acquired Uptivity (f.k.a. CallCopy), a Columbus, Ohio-based provider of a workforce optimization suite, for an undisclosed amount of cash and stock. Sellers include Edison Ventures. Www.uptivity.com

The Spectranetics Corp. (Nasdaq: SPNC) has agreed to acquire AngioScore Inc., a Fremont, Calif.–based maker of cardiovascular balloons. The deal includes a $230 million up-front payment and possible earnouts. AngioScore has raised over $40 million in VC funding from Saints Capital, Psilos Group Managers, Telegraph Hill Partners, QuestMark Partners, Pelion Venture Partners, California Technology Ventures and Innomed Ventures. Www.angioscore.com

Volcano Corp. (NYSE: VOLC) has agreed to acquire AtheroMed Inc., a Menlo Park, Calif.–based developer of treatments for peripheral arterial disease. The deal is valued at $115 million in cash, plus up to $15 million in additional earnouts. AtheroMed had raised around $37 million in VC funding from US Venture Partners, Canaan Partners, The Vertical Group and Kaiser Permanente Ventures.Www.atheromed.com

Warburg Pincus is prepping an auction for British survival equipment maker Survitec, according to Reuters. The deal could be valued at more than £500 million, with Goldman Sachs reportedly the “frontrunner for the mandate.” Www.survitecgroup.com

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