By Dan Primack
February 3, 2014

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Venture Capital Deals

Vinted, a Lithuania-based social mobile marketplace for second-hand clothes, has raised $27 million in Series B funding. Insight Venture Partners led the round, and was joined by return backer Accel Partners. Proceeds will be used, in part, to expand in the U.S.

Mojn, a Copenhagen-based provider of personalized email marketing solutions, has raised $4 million in Series A funding. Northzone Ventures led the round, and was joined by Notion Capital and Zoar Invest.

Boombotix, a San Francisco-based wearable audio company, has raised $4 million in new VC funding. Backers include Social+, Baseline, Red Hills, Great Oaks and Grishin Robotics.

Private Equity Deals

Actis has acquired a 36% stake in AutoXpress, a tire wholesaler and retailer in Kenya and Rwanda. No financial terms were disclosed.

Confie Seguros, a personal insurance company focused on Hispanic consumers, has acquired Round Rock, Texas-based insurance services provider 1 Stop Financial Service Centers of America. No financial terms were disclosed. Confie Seguros is a portfolio company of ABRY

Goldman Sachs Special Situations Group and Russian bank VTB have agreed to acquire a stake in Russian fitness club chain World Class from Alfa Capital Partners, according to Reuters. The deal would give Goldman and VTB around a 50% combined position (Goldman already held 12.5%, prior to this transaction).

Kinderhook Industries has acquired GlobalHealth Inc., a health maintenance organization (HMO) in Oklahoma. No financial terms were disclosed. The company is the largest private HMO serving Oklahoma’s state, education and municipal employees, and also offers several Medicare Advantage plans.

Marlin Equity Partners has acquired three businesses from Compuware Corp. (Nasdaq: CPWR) for $160 million. The deal includes enterprise software units Changepoint and Uniface, plus IT services business CW Professional Services.

Montagu Private Equity has agreed to acquire the medical devices and prescription retail businesses of Rexam (LSE: REX) for approximately $805 million.

Platinum Equity has completed its previously-announced acquisition of Volvo’s machine rental business (Volvo Rents) for approximately $1.1 billion.

Vector Capital has acquired CollabNet Inc., a Brisbane, Calif.–based provider of cloud-based application lifecycle management solutions for agile software delivery. No financial terms were disclosed. CollabNet had raised over $30 million in VC funding from Benchmark, Norwest Venture Partners, Intel Capital and Industry Ventures.

Thoma Bravo has acquired Segall Bryant & Hamill, a Chicago-based investment management firm. No financial terms were disclosed.

Thomas H. Lee Partners has completed its previously-announced acquisition of online contact lens retailer 1800 Contacts from WellPoint (NYSE: WLP). No financial terms were disclosed.

TPG Growth has acquired a majority stake in New York-based cosmetics brand e.l.f. Cosmetics from company founders and TSG Consumer Partners. No financial terms were disclosed, although earlier press reports suggested that the deal could be worth between $200 million and $300 million.


Aptalis Holdings, a Bridgewater, N.J.-based drug maker majority-owned by TPG Capital, has withdrawn registration for a $500 million IPO, following its agreement to be acquired by Forest Laboratories (NYSE: FRX) for approximately $2.9 billion. Inc., a Mountain View, Calif.-based provider of digital coupons, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol COUP, with Goldman Sachs, Allen & Co., BofA Merrill Lynch and RBC Capital Markets serving as lead underwriters. The company reports a $59 million net loss on $112 million in revenue for 2013, compared to a $23 million net loss on $91 million in revenue for the year-earlier period. The company has raised over $230 million in VC funding from Passport Ventures (22.56% pre-IPO stake), T. Rowe Price, Abu Dhabi Investment Council and Greylock Partners.

Talmer Bancorp, a Tory, Mich.-based regional banking network in the Midwestern U.S., has set its IPO terms to 15.55 million shares of Class A common stock being offered at between $12.50 and $14.50 per share. It plans to trade on the Nasdaq under ticker symbol TLMR, with Keefe, Bruyette & Woods and J.P. Morgan serving as lead underwriters. Shareholders include W.L. Ross & Co. (24.1% pre-IPO stake), Universities Superannuation Scheme (9.4%), Manulife Asset Management (9.4%), Howard Hughes Medical Institute (6.7%), Greenlight Capital (5.1%) and Goldman Sachs Asset Management (4.6%).


Smith & Nephew PLC (NYSE: SNN) has agreed to acquire Austin, Texas-based surgical device company ArthroCare Corp. (Nasdaq: ARTC) for approximately $1.7 billion in cash ($1.5b enterprise value). The $48.25 per share deal represents a 6.32% premium over Friday’s closing price.

AMC Networks Inc. (Nasdaq: AMCX) has completed its previously-announced €750 million acquisition of Chellomedia, the international content division of Liberty Global (Nasdaq: LBTYA).

Arcapita has agreed to sell Varel International, a Carrollton, Texas-based maker of drill bits for the oil, mining and industrial markets, to Sweden’s Sandvik AB for $740 million.

Jos. A Bank (Nasdaq: JOSB) reportedly is in talks to acquire clothing retailer Eddie Bauer from Golden Gate Capital, the private equity firm that previously agreed to help finance Jos. A Bank’s takeover approach for The Men’s Wearhouse (NYSE: MW).

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