• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceDeals

Deals of the day: Man Group buys Numeric

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 19, 2014, 10:55 AM ET
Retail
contract armin harrisKyle Bean for Fortune

Venture Capital Deals

HelloFresh, a global recipe kit delivery service, has raised $50 million in Series D funding. Insight Venture Partners led the round, and was joined by return backer Phenomen VC. www.hellofresh.com

Puppet Labs, a Portland, Ore.-based provider of IT automation software, has raised $40 million in new VC funding. Return backers include Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Venture Capital Group, True Ventures and VMware. The company previously raised $46 million. www.puppetlabs.com

ForgeRock Inc., a San Francisco-based provider of identity relationship management solutions, has raised $30 million in Series C funding. Meritech Capital Partners led the round, and was joined by return backers Accel Partners and Foundation Capital. www.forgerock.com

Navitor Pharmaceuticals Inc.
, a Cambridge, Mass.-based developer of drugs targeting cellular nutrient signaling, has raised $23.5 million in Series A funding. Backers include Polaris Partners, Atlas Venture, Johnson & Johnson Development Corp., SR One and The Longevity Fund. www.navitorpharma.com

TouchofModern, a San Francisco-based flash sales site operator aimed at male consumers, has raised $14 million in Series B funding, according to VentureWire. Great Oaks Venture Capital, Lucas Venture Group, Partech Ventures and Silicon Valley Bank were joined by return backers Floodgate and Hillsven Capital. www.touchofmodern.com

ClearCare, a San Francisco-based software platform for home care agencies, has raised $11 million in new VC funding. Bessemer Venture Partners led the round, and was joined by return backers Voyager Capital, Qualcomm Ventures, Harbor Pacific Capital and City National Bank. www.clearcareonline.com

Spotlight Ticket Management, a Calabasas, Calif.-based provider of enterprise sports and entertainment ticket management SaaS solutions, has raised $6 million in Series A funding from City National, Coyote Ridge Ventures and seed backer Point Judith Capital. www.spotlighttms.com

Lakewood-Amedex Inc., a Lakewood Ranch, Fla.-based developer of anti-infective pharmaceuticals, has raised $5.5 million in Series C funding. No investor information was disclosed. www.lakewoodamedex.com

Other Machine Co., a San Francisco-based provider of desktop manufacturing machines and related software apps, has raised $3 million in Series A funding. Backers include CrunchFund, VegasTechFund, Core Ventures Group, Allegro Venture Partners, Sonja Perkins, Tim O’Reilly and Chris Anderson. www.otherfab.com

Silent Edge, a UK-based provider of employee performance measurement solutions, has raised £2.2 million from Rockpool Investments. www.silentedge.co.uk

Compliant Innovations, a Sunnyvale, Calif.-based provider of web and mobile collaboration solutions for healthcare professions, has raised an undisclosed amount of Series A funding from backers likeLifeforce Ventures and Attractor Ventures.

Progreso Financiero, a Menlo Park, Calif.-based lending company focused on the Hispanic market, today disclosed that it had raised $47 million in VC funding last August led by Institutional Venture Partners. Other company shareholders include The Catalyst Fund of CFSI, Charles River Ventures, Core Innovation Capital, Greylock Partners and Madrone Capital Partners. The company made the disclosure as part of an announcement that it has now disbursed more than $1 billion in loans since 2006. www.progressfin.com

Private Equity Deals

The Abraaj Group has submitted a mandatory tender offer to acquire listed Egyptian hospitals groupCairo Medical Center. Abraaj already has received sale commitments from a majority of shareholders. www.abraaj.com

The Abraaj Group
 has submitted a tender offer for a stake in listed Egyptian private K-12 schools group Cairo Investment and Real Estate Development. www.abraaj.com

First Data, a payments processing company taken private in 2006 by KKR, has raised $3.5 billion in new equity funding from KKR and other investors. Proceeds will be used to pay down debt.

Nordic Capital
 has agreed to acquire GHD GesundHeits GmbH Deutschland, a German provider of home healthcare services to patients with acute illnesses, from IK Investment Partners. No financial terms were disclosed. www.gesundheitsgmbh.de

Morgan Stanley Private Equity Asia has agreed to acquire Hanwha L&C, a maker of PVC windows and doors, flooring materials and related products, from listed Korean conglomerate Hanwha for approximately $293 million, according to Private Equity International. www.hanwhacorp.co.kr

IPOs

Ardelyx Inc., a Fremont, Calif.-based developer of non-absorbed small molecules, raised $60 million in its IPO. The company priced 4.3 million shares at $14 per share, compared to plans to offer 3.6 million shares at between $13 and $15 per share. It will trade on the Nasdaq under ticker symbol ARDX, while Citigroup and Leerink Partners served as lead underwriters. The company reports $6.5 million of net income on $25 million in revenue for 2013. The company has raised over $30 million in VC funding from New Enterprise Associates  (45.89% pre-IPO stake), CMEA Capital (28.72%) and Amgen Ventures (6.03%). www.ardelyx.com

Markit Ltd., a London-based provider of financial information services, raised $1.3 billion in its IPO. The company priced 53.5 million shares at $24 per share, compared to plans to offer 45.71 million shares at between $23 and $25 per share. It will trade on the Nasdaq under ticker symbol MRKT, while BofA Merrill Lynch was listed as left lead underwriter. Markit reports $948 million in 2013 revenue, compared to $861 million in revenue for 2012. Shareholders include Bank of America, Deutsche Bank, Esta Investments, General Atlantic, Goldman Sachs and JPMorgan Chase. It has an initial market cap of $4.65 billion. www.markit.com

Parnell Pharmaceuticals, an Australian animal pharma company, raised $50 million in its IPO. The company priced 5 million shares at $10 per share, for an initial market cap of approximately $133 million. It originally intended to offer 3.6 million shares at between $17 and $19 per share. Parnell will trade on the Nasdaq under ticker symbol PARN, while Jefferies and Piper Jaffray served as lead underwriters. www.parnellpharm.com

PointClickCare
, a Canadian electronic medical records software company, is considering a $200 million IPO at a $1 billion valuation in either the U.S. or Canada, according to the WSJ. Shareholders include JMI Equity. www.pointclickcare.com

Zafgen Inc., a Cambridge, Mass.-based biopharma company focused on the needs of severely obese patients, raised $96 million in its IPO. The company priced 6 million shares at $16 per share, compared to plans to offer 5 million shares at between $14 and $16 per share. The pre-revenue company will trade on the Nasdaq under ticker symbol ZFGN, while Leerink Partners and Cowen & Co. served as lead underwriters. Shareholders include Atlas Venture (35.6% pre-IPO stake), Third Rock Ventures (35.4%), Alta Partners (7.4%) and Fidelity Investments (6%). It has an initial market cap of around $333 million. www.zafgen.com

M&A

Blippar, a UK-based image-Coveris, a Luxembourg-based packaging manufacturer, has acquired St. Neots Packaging, a UK-based maker of carton board packaging solutions for the food service and food retail markets, from shareholders like Endless LLP. No financial terms were disclosed for the deal, which was managed by Livingstone. www.stneotspackaging.co.uk

L’Oréal
 (Paris: OR) has agreed to acquire Commerce, Calif.-based cosmetics maker NYX Cosmeticsfrom HCP & Co. for an undisclosed amount. www.nyxcosmetics.com

Man Group (LSE: EMG), the world’s largest listed hedge fund manager, has agreed to acquire Boston-based fund manager Numeric Investors for up to $494 million (including a $219m upfront payment). Sellers would include TA Associates. www.numeric.com

Black Diamond Inc. (Nasdaq: BDE) has agreed to sell its Gregory Mountain Products backpacks brand for $85 million to Samsonite LLC. www.gregorypacks.com

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

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in Finance

Dell
Personal FinanceWhite House
Why the government is really going to give your baby $1,000, collecting interest until they turn 18
By Moriah Balingit and The Associated PressDecember 3, 2025
43 minutes ago
Bessent
BankingFederal Reserve
‘We’re going to veto them’: Bessent backs new rules to give White House more power over Federal Reserve
By Christopher Rugaber and The Associated PressDecember 3, 2025
53 minutes ago
Bessent
Economyphilanthropy
Scott Bessent labels the Giving Pledge a failure, says it only happened because billionaires feared ‘pitchforks’ amid massive wealth inequality
By Nick LichtenbergDecember 3, 2025
1 hour ago
William Stone
SuccessBillionaires
While Billie Eilish slams non-philanthropic billionaires, this CEO says telling people what to do with their cash is ‘invasive’ and to ‘butt out’
By Jessica CoacciDecember 3, 2025
2 hours ago
Scott Bessent
EconomyTariffs and trade
Scott Bessent is defiant on whether tariffs are a tax, demands Democrats work to cut actual taxes instead
By Nick LichtenbergDecember 3, 2025
2 hours ago
The SoFi logo on a blue frame.
Personal Financechecking accounts
SoFi® Bank, N.A. Review 2025: Digital Banking, High Yields
By Glen Luke FlanaganDecember 3, 2025
2 hours ago

Most Popular

placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
1 day ago
placeholder alt text
Economy
Ford workers told their CEO 'none of the young people want to work here.' So Jim Farley took a page out of the founder's playbook
By Sasha RogelbergNovember 28, 2025
5 days ago
placeholder alt text
Economy
Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs
By Sasha RogelbergDecember 2, 2025
1 day ago
placeholder alt text
North America
Anonymous $50 million donation helps cover the next 50 years of tuition for medical lab science students at University of Washington
By The Associated PressDecember 2, 2025
1 day ago
placeholder alt text
Success
Warren Buffett used to give his family $10,000 each at Christmas—but when he saw how fast they were spending it, he started buying them shares instead
By Eleanor PringleDecember 2, 2025
1 day ago
placeholder alt text
C-Suite
MacKenzie Scott's $19 billion donations have turned philanthropy on its head—why her style of giving actually works
By Sydney LakeDecember 2, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.