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FinanceDeals

Deals of the day: Salix Pharma does tax inversion dance

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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July 10, 2014, 12:26 PM ET
Finance
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Venture Capital Deals

Malwarebytes, a San Jose, Calif.-based behavior-based detection engine for computer threats, has raised $30 million in Series A funding from Highland Capital Partners. Www.malwarebytes.com

Erecruit Holdings, a Boston-based provider of enterprise staffing software and vendor management systems for large staffing firms, has raised $25 million in minority funding from North Bridge Growth Equity. Www.erecruit.com

Altierre Corp., a San Jose, Calif.-based developer of ultra-low power long-range wireless technology for the Internet of Things, has raised more than $21 million in new VC funding. Stratim Capital and D.E. Shaw co-led the round, and were joined by return backers ATA Ventures, DuPont Capital Management, Labrador Ventures and Kinetic Ventures. Www.altierre.com

Wayin, a Denver-based social intelligence and display company co-founded by Scott McNealy, has raised $13.1 million in Series C funding. U.S. Venture Partners led the round, and was joined by return backers like Wilson Sonsini Goodrich and Rosati.  Www.wayin.com

Webydo, a New York–based designer community, has raised $7 million in new VC funding. OurCrowd led the round, and was joined by Magma Ventures. Www.webydo.com

HotelQuickly
, a Hong Kong-based last-minute hotel booking app, has raised $4.5 million in Series A funding. GREE (Japan) led the round, and was joined by William Heinecke (CEO of Minor International).Www.hotelquickly.com

Private Equity Deals

Empark Aparcamientos y Servicios SA, a Spanish car-parking management provider, has hired J.P. Morgan to find a buyer for a 50% ownership stake, according to Bloomberg. Likely suitors reportedly include Ardian, Cinven and CVC Capital Partners. Www.empark.es

KKR
 and Pacific Equity Partn ers have teamed up on a A$1 billion bid for Australian business compliance firm SAI Group (ASX: SAI), according to the Australian Financial Review. PEP had made a A$1.1 billion non-binding offer for SAI Group earlier this year. Www.saiglobal.com

Littlejohn & Co.  Has agreed to acquire Northwest Hardwoods Inc., a Tacoma, Wash.-based lumber company, from American Industrial Partners for an undisclosed amount.Www.northwesthardwoods.com

IPOs

Northern Blizzard Resources, a Calgary-based oil and gas E&P company, is prepping a C$500 million IPO in Toronto for later this month, according to Bloomberg. Around C$150 million of the sale would come from existing shareholders Riverstone Holdings and NGP Energy Capital Management. Www.northernblizzard.com

SSP Group
, a UK-based operator of branded food and beverage travel outlets, raised £482.5 million in its IPO. The company has begun trading on the LSE under ticker symbol SSPG. Backers include  EQT Partners and IDinvest Partners. Www.foodtravelexperts.com

Universal Studios Japan, operator of a theme park in Osaka, is considering a Tokyo flotation for 2015, according to the WSJ. The company is backed by Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital. Www.usj.co.jp

M&A

London Broadcasting Co, a ServiceNow (NYSE: NOW) has agreed to acquire Neebula Systems, an Israel-based provider of business service management tools for managing virtual environments and IT clouds, for approximately $100 million in cash. Neebula had raised VC funding from Genesis Partners and Pitango Venture Capital. Www.servicenow.com

BCG Digital Ventures, a unit of Boston Consulting Group, has acquired S&C, an Australia–based strategic design firm. No financial terms were disclosed. Www.bcgdv.com

Salix Pharmaceuticals Ltd. (Nasdaq: SLXP), a North Carolina-based drug company focused on gastrointestinal diseases, has agreed to merge with Cosmo Pharmaceuticals (SIX: COPN), an Italian rug-maker domiciled in Ireland. Cosmo shareholders would receive more than 20% in the combined company, as Salix is largely doing this as a tax inversion deal. Salix has a current market cap of around $8.4 billion. Www.salix.com

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

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