Search

Deals of the day: MobileIron files for IPO

Apr 07, 2014

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

Venture Capital Deals

Scytl, a Barcelona, Spain-based developer of secure online voting and election modernization solutions, has raised $40 million in VC funding from Vulcan Capitalwww.scytl.com

BioConsortia Inc., a Davis, Calif.-based agricultural biotech startup that picks beneficial microbial consortia for crop improvement, has raised $15 million in Series B funding co-led by Khosla Venturesand Otter Capitalwww.bioconsortia.com

Hortau
, a provider of irrigation management system in North America, has raised C$3.5 million in funding from Avrio Capitalwww.hortau.com

NoteVault Inc.
, a San Diego-based provider of voice-to-text-based mobile reporting solutions for the engineering and construction industry, has raised an undisclosed amount of equity funding from West Partners. www.notevault.com

Private Equity Deals

The Blackstone Group has agreed to acquire Gates Global, a Denver-based maker of power transmission belts and fluid power products, from Onex Corp. and the Canada Pension Plan Investment Board for $5.4 billion.  www.blackstone.com

Charterhouse Capital Partners has will pay around $2.33 billion to acquire Skillsoft Ltd., a Nashua, N.H.-based training and e-learning software company, from Advent InternationalBain Capital andBerkshire Partners. No financial terms were disclosed when the deal was announced last month, but the $2.33 billion figure was included in a loan-related release from Standard & Poor’s.www.skillsoft.com

Cinven 
has completed its previously-announced acquisition of Medpace Inc., a Cincinnati-based clinical research organization for the pharma and biotech markets, from CCMP Capital. The deal was valued at around $915 million. www.medpace.com

EQT Partners
 and Bilfinger have submitted a buyout offer for the heat exchangers business of GEA, a listed German industrials group that also has received a rival offer from Triton, according to Reuters. The bids reportedly value GEA at between €1.2 billion and €1.3 billion. www.gea.com

IPOs

Bankwell Financial, a New Canaan, Conn.-based commercial bank with seven locations, has filed for a $50 million IPO. It plans to trade on the Nasdaq under ticker symbol BWFG, with Sandler O’Neill + Partners serving as underwriter. www.mybankwell.com

MobileIron, a Mountain View, Calif.-based provider of mobile device management software, has filed for a $100 million IPO. It plans to trade under ticker symbol MOBL, with Morgan Stanley listed as left lead underwriter. The company reports a $33 million net loss on $105.5 million in 2013 revenue, compared to a $46 million net loss on $41 million in 2012 revenue. MobileIron has raised around $145 million in VC funding, from firms like Storm Ventures (20.2% pre-IPO stake), Norwest Venture Partners (19.5%), Sequoia Capital (16.9%), Foundation Capital (8.5%) and Institutional Venture Partners.www.mobileiron.com

Sabre Corp., a Southlake, Texas-based provider of tech solutions to the global travel and tourism industry, has set its IPO terms to 44.74 million shares being offered at between $18 and $20 per share. It would have an initial market cap of approximately $4.66 billion, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol SABR, with Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank Securities serving as lead underwriters. Sabre reports around $2.3 billion in revenue for the first nine months of 2013. Shareholders include TPG Capital (45.3% pre-IPO stake) and Silver Lake (27.9%). www.sabre.com

Sportsman’s Warehouse Holdings Inc., a Midvale, Utah-based outdoor sporting goods retailer, has set its IPO terms to 12.5 million shares being offered at between $11 and $13 per share. It would have an initial market cap of around $495 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol SPWH, with Credit Suisse and Goldman Sachs serving as lead underwriters. The company reported $28 million in net income on $527 million in revenue for the fiscal year ending Feb. 2, 2013. Seidler Equity Partners holds an 82.8% pre-IPO ownership stake. www.sportsmanswarehouse.com

Tuniu Corp
., a Chinese provider of packaged tours, has filed for a $120 million IPO. It plans to trade under ticker symbol TOUR, with Morgan Stanley serving as lead underwriter. The company reports a $13 million net loss on $324 million in 2013 revenue. Shareholders include DCM (23.5% pre-IPO stake), Esta Investments (16.7%), Gobi Partners (16.4%), Sequoia Capital China (13.2%), Dragon Rabbit Capital (9.6%), Verne Capital (6.4%) and Highland Capital Partners. www.tuniu.com

Weibo Corp., a Chinese social media platform, has set its IPO terms to 20 million shares being offered at between $17 and $19 per share. The company plans to trade on the Nasdaq under ticker symbol WB, with Goldman Sachs (Asia) and Credit Suisse serving as lead underwriters. It reports a $38 million net loss on $188 million in revenue for 2013, compared to a $102 million net loss on $66 million in revenue for 2012. SINA Corp. (Nasdaq: SINA) holds a 77.6% pre-IPO stake. www.weibo.com

M&A

Alfa Laval (Oslo) ALFA) has agreed to acquire Frank Mohn AS, a Norwegian maker of submerged cargo pumps for tanker and offshore marketsm, for approximately $2.2 billion. www.fomo.com

Berkshire Partners has committed an initial $350 million to co-invest with Front Row Partners, a new growth retail and consumer business investment platform formed by Glen Senk, former CEO of David Yurman and Urban Outfitters. Senk also serves on the board of Melissa & Doug, and previously held executive positions with Anthropologie, Williams-Sonoma, Habitat, and Bloomingdale’s. Front Row will consider both control and non-control investments, and is not currently expecting to raise additional outside capital (Senk himself is committing an undisclosed amount).www.berkshirepartners.com

E.ON
 (DB: EOAN), a German utility, has retained Citigroup to advise on a sale of its Spanish assets, according to Reuters. The divestiture is part of a broader plan to reduce debt, which also is expected to include the sale of Italian assets. www.eon.com

Lynda.com
, a Carpinteria, Calif.–based online learning company and video library, has acquiredComplir, a Canadian provider of a cloud-based learning platform for those interested in coding. No financial terms were disclosed, but TechCrunch puts the sale price at around $20 million. Lynda.com last year raised $103 million in equity funding from Accel Partners, Spectrum Equity Investors and Meritech Capital Partners. www.lynda.com

Roche Group
 (Swiss: ROG) has agreed to acquire IQuum, a Marlborough, Mass.-based provider of biological sample testing technology to the bioassay market. The deal is valued at upwards of $450 million, including a $275 million up-front payment and up to $175 million in possible earn-outs.www.iquum.com

Stratasys Ltd.
 (Nasdaq: SSYS) has agreed to acquire certain assets of Interfacial Solutions, a River Falls, Wis.-based provider of thermoplastics R&D and production services. No financial terms were disclosed. www.stratasys.com

Sun Pharmaceutical Industries (BSE: 524715) has agreed to acquire rival Indian drugmakerRanbaxy Laboratories (BSE: 500359) for approximately $4 billion in stock. www.ranbaxy.com

Fluid Inc., a San Francisco-based provider of SaaS-based merchandising solutions for ecommerce, has acquired 8th Bridge, a Minneapolis-based social commerce platform that lets merchants create social shopping experiences for their customers. No financial terms were disclosed. Fluid raised $24 million in growth equity funding from an affiliate of Goldman Sachs Asset Management in 2012, while 8th Bridge had raised over $15 million in Series B funding from Trident Capital and Split Rock Partners.www.fluid.com

LBO France has hired ING and Sycomore Corporate Finance to advise on a possible sale ofWorldwide Flight Services Inc., a France–based cargo handling company, according to Bloomberg. LBO France paid around €315 million to acquire the company from Vinci SA in 2006. www.wfs.aero

MBK Partners is in talks to sell its 60% stake in Taiwanese cable TV company China Network Systems to Foxconn Technology Group for upwards of $2.1 billion, according to the Economic Dailywww.cns.net.tw

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

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions