By Dan Primack
May 30, 2014

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Venture Capital Deals

ARMO BioSciences Inc., a Redwood City, Calif.-based developer of immunotherapies for cancer and other diseases, has raised $30 million in Series B funding. NanoDimension led the round, and was joined by return backers Kleiner Perkins Caufield & Byers, OrbiMed and DAG

Hipmunk, a San Francisco-based travel planning and booking site, has raised $20 million in Series C funding. Oak Investment Partners led the round, and was joined by return backers like Institutional Venture Partners and Ignition Partners.

Lucid Software
, a Salt Lake City-based developer of a cloud-based diagramming app, has raised $5 million in Series A funding from such backers as Kickstart Seed Fund and Grayhawk

Markwater Handling Systems, a Canadian drilling fluids management company, has raised C$4.5 million in new VC funding from EnerTech Capital. The company now has raised more than C$27 million in total funding, including past investments from 32 Degrees and Export Development

Addiction Campuses of America, a Nashville, Tenn.-based operator of behavioral healthcare campuses, has raised $3.8 million in Series A funding. Fulcrum Equity Partners led the round, and was joined by Harpeth Ventures. In related news, the company also has acquired two companies:Turning Point Recovery (North Mississippi and Memphis) and Spring2Life (Murfreesboro, Tenn.)

XLV Diagnostics Inc
., an Ontario-based developer of digital mammography machines, has raised $3 million in Series A funding from the Bernard M. Gordon Charitable Remainder

, a San Jose, Calif.-based developer of touch technologies, has raised $2.3 million in Series A funding led by Sierra Ventures.

Observable Networks, a St. Louis-based provider of network security technology and threat detection services, has raised $2.45 million in Series A1 funding from a fund managed by Stifel, Nicolaus & Co. DH Capital served as placement agent.

Private Equity Deals

APG Asset Management, a Dutch pension fund, has agreed to invest up to $650 million for a 20% stake in e-Shang, a Chinese warehouse operator backed by Warburg Pincus.

Ardian has agreed to acquire a 72% stake in RGI Group, an Italian provider of software and tech services to the insurance industry, from 21 Investimenti. No financial terms were

Bain Capital
has acquired Retail Zoo, an Australian operator of fruit juice bars and other food service brands, from The Riverside Company. No financial terms were disclosed.

Consonance Capital Partners has acquired KEPRO, a Harrisburg, Penn.–based provider of medical management and cost containment solutions, from The Pennsylvania Medical Society. No financial terms were disclosed.

GlaxoSmithKline (LSE: GSK) has “invited private equity firms to consider making offers for a range of its older drugs sold in Western markets,” according to Reuters. Lazard is managing the process, and reportedly has contacted such firms as Advent International, The Blackstone Group and

Golden Gate Capital has acquired Canada Fluorspar Inc., a Canadian developer of fluorspar deposits (a mineral resource used in steelmaking). No financial terms were


Spark Energy Inc., a Houston, Texas-based natural gas and electricity retailer, has filed for a $92 million IPO. It plans to trade on the Nasdaq under ticker symbol SPKE, with Baird and Stifel serving as lead underwriters. The company reports $31 million in net income on $317 million in 2013 revenue, compared to $26 million in net income on $379 million in 2012 revenue.


Citigroup said that it plans to either sell or spin off its OneMain Financial consumer lending group by year-end.

KPMG LLP has entered into an agreement by which most of the principals and employees ofRothstein Kass will join KPMG.

Morningstar Inc. (Nasdaq: MORN) has agreed to acquire HelloWallet, a Washington, D.C.-based personal finance website, at a $52.5 million enterprise value. Morningstar will actually pay $39 million, based on its existing minority stake in the company. Sellers include TD Fund, Grotech Ventures andJean and Steve Case.

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