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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Deals of the day: Jos. A. Bank buying Eddie Bauer

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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February 14, 2014, 5:09 PM ET
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Venture Capital Deals

Bit9, a Waltham, Mass.-based provider of enterprise application whitelisting, has merged with San Antonio, Texas-based cybersecurity company Carbon Black. The combined company also has raised $38.25 million in new funding. Existing Bit9 investor Atlas Venture led the round, and was joined by fellow return backers .406 Ventures, Highland Capital Partners, Kleiner Perkins Caufield & Byers and Sequoia Capital. The Blackstone Group, an existing Carbon Black shareholder, also participated.www.bit9.com

UrbanSitter, online and mobile service for parents and sitters to connect via people they know, has raised $15 million in Series B funding. DBL Investors led the round, and was joined by Match Group, Aspect Ventures and return backers Canaan Partners, First Round Capital, Menlo Ventures and Rustic Canyon Partners. www.urbansitter.com

Cybereason Inc., a Cambridge, Mass.-based developer of a tech platform that automatically uncovers malicious operations and “reconstructs them as a clear image of a cyberattack in context,” has raised $4.6 million in Series A funding from Charles River Ventures. www.cybereason.com

Front Desk, a Seattle-based provider of business management and payment processing SaaS for personal services businesses and franchises, has raised $4 million in Series A funding. Floodgate led the round, and was joined by Second Avenue Partners, Version One Ventures and Rich Barton.www.frontdeskhq.com

OTOY Inc., a Sherman Oaks, Calif.-based cloud graphics company, has raised an undisclosed amount of Series D funding. Yuri Milner led the round, and was joined by John Mack and return backers like Autodesk and The Roddenberry Trust. www.otoy.com

Private Equity Deals

Cinven and Investindustrial are circling BSI, the Swiss bank put up for sale by Italian insurerAssicurazioni Generali SpA, according to PE News. The report suggests a price ceiling of around $1.7 billion.

Proserv Group Inc., a UK-based energy production technology services backed by Intervale Capital, has acquired KRG Industries Ltd., a UK–based provider of precision engineering and manufacturing services to the oil & gas industry. No financial terms were disclosed.www.krgindustries.com

IPO’s

Aerohive Networks, a Sunnyvale, Calif.-based developer of “cooperative control” wireless LAN access points, has filed for a $75 million IPO. It plans to trade on the NYSE under ticker symbol HIVE, with Goldman Sachs and BofA Merrill Lynch serving as lead underwriters. The company reports a $25 million net loss on $77 million in revenue for the first nine months of 2013, compared to a $16 million net loss on $50 million in revenue for the year-earlier period. Aerohive has raised around $105 million in VC funding, from Northern Light Venture Capital (21.9% pre-IPO stake), Lightspeed Venture Partners (20.4%), New Enterprise Associates (13%), Kleiner Perkins Caufield & Byers (11%),DAG Ventures (8.4%) and Institutional Venture Partners. www.aerohive.com

Borderfree Inc., a New York-based provider of ecommerce solutions for retailers, has confidentially filed IPO papers with the SEC, according to Dow Jones. It also has selected Credit Suisse and the Royal Bank of Canada to lead the offering. Shareholders include Adams Street Partners, Canaan Partners, Delta Ventures, Pitango Venture Capital, VSP Capital and Viola Credit.www.borderfree.com

Lumenis Ltd., an Israeli medical lasers company, has set its IPO terms to 6.25 million shares being offered at between $15 and $17 per share. It plans to trade on the Nasdaq under ticker symbol LMNS, with Goldman Sachs, Credit Suisse and Jefferies serving as lead underwriters. The company reports $12.7 million in net income on around $194 million in revenue for the first nine months of 2013. Shareholders include LM Partners (45.9% pre-IPO stake) and Ofer Hi-Tech Investments (35.5%).www.lumenis.com

OTHER M&A

Jos. A Bank (Nasdaq: JOSB) has agreed 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). The deal is valued at an enterprise value of approximately $825 million, including $564 million in cash and around 4.7 million shares of Jos. A. Bank stock. There also is a $50 million cash earn-out.www.josabank.com

Bauer Performance Sports (TSX: BAU) has agreed to acquire the baseball and softball business of Easton-Bell Sports, a sports equipment company owned by Fenway Partners, for $330 million. www.bauerperformancesports.com

General Electric (NYSE: GE) has completed its previously-announced acquisition of API Healthcare, a Hartford, Wis.-based provider of healthcare workforce management software and analytics solutions, from Francisco Partners. No financial terms were disclosed. Spurrier Capital Partners managed the process. www.apihealthcare.com

Lightyear Capital has agreed to sell Antares Holdings Ltd., a specialist insurer and reinsurer operating in the Lloyd’s market, to Qatar Insurance Co. (DSM: QATI). No financial terms were disclosed. www.antaresunderwriting.com

Oak Hill Capital Partners has hired J.P. Morgan to find a buyer for Jacobson Companies Inc., a Yuma, Ariz.-based provider of logistics and warehousing services, according to Reuters. The deal could garner upwards of $700 million. www.jacobsoncompanies.com

PepsiCo Inc. (NYSE: PEP) said in a regulatory filing that it has decided against spinning off its North American beverage unit, a move that had been agitated for by hedge fund manager Nelson Peltz.www.pepsi.com

Fortress Investment Group (NYSE: FIG) has repurchased a 12% stake in itself from Nomura Holdings Inc. (Tokyo: 8604), for approximately $363 million. That works out to $6 per share, compared to the $16.12 per share Nomura paid back in late 2006. www.fortress.com

Rakuten Inc. (Tokyo: 4755) has acquired Viber, a Cyprus-based messaging and VoIP company, for around $900 million. www.viber.com

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