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M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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June 6, 2013, 2:32 PM ET

PepsiCo (NYSE: PEP) is denying an Israeli media report that it is in talks to acquire SodaStream International (Nasdaq: SODA), an Israel-based maker of machines that can use tap water to create carbonated drinks. The report suggested the deal could be worth upwards of $2 billion, or $95 per share. SodaStream shares closed trading yesterday at $69.35 per share. www.sodastream.com

H.I.G. Capital has sold Anvis Group, a German provider of anti-vibration products, to Tokai Rubber Industries (Tokyo: 5191) for an undisclosed amount. www.anvisgroup.com

Kelso & Co. has hired Barclays to find a buyer for Custom Building Products, a Seal Beach, Calif.-based provider of supplies for home furnishings and construction, according to Reuters. The deal could be worth around $800 million, compared to the $600 million Kelso paid to acquire CBP back in 2005.www.custombuildingproducts.com

CytomX Therapeutics Inc., a San Francisco-based developer of proteolytically-activated antibodies, has signed a global strategic collaboration with Pfizer Inc. (NYSE: PFE) that includes $25 million in up-front payments and upwards of $610 million in regulatory and sales milestone payments. CytomX has raised over $55 million in VC funding from Canaan Partners, Third Rock Ventures and the Roche Venture Fund.www.cytomx.com

Foxconn plans to spin off its connector unit into an independent entity next month, according to Reuters. The unit generated $2.7 billion in 2012 revenue, or 2.5% of the parent company’s total revenue. www.foxconn.com

Guavus Inc.
, a Santa Clara, Calif.–based provider of provider of big data analytics solutions for communications service providers, has acquired Pipeline, a provider of IPDR (Internet Protocol Detailed Records) collection and analysis, from Applied Broadband. No financial terms were disclosed. Guavus has raised nearly $80 million in VC funding from Investor Growth Capital, Goldman Sachs, TransLink Capital, QuestMark Partners, Artiman Ventures, Sofinnova Ventures and Intel Capital.www.guavus.com

Logitech (Nasdaq: LOGI) has acquired TT Design Labs, a two-person startup that focuses on human-centric product design for smartphone accessories. No financial terms were disclosed. TT’s original product was crowd-funded. www.logitech.com

The Container Store has hired JPMorgan Chase to help lead an upcoming IPO, according to the WSJ. The retailer was acquired nearly five years ago by Leonard Green & Partners.www.containerstore.com

CVC Capital Partners announced plans to sell 23.5% of its stake in Belgian postal service operatorBpost in a public float that could be worth upwards of €700 million. www.bpost.be

Light in the Box, a China-based ecommerce company focused on lifestyle products, raised $79 million in its IPO. The company priced 8.3 million American depository shares at $9.50 per share (middle of range), and will trade on the NYSE under ticker symbol LITB. Credit Suisse and Stifel servd as lead underwriters. The company reports around a $4 million net loss on $200 million in revenue for 2012, compared to a $24.5 million net loss on $116 million in revenue for 2011. Shareholders include Ceyuan Ventures (26.4% pre-IPO stake), GSR Ventures (20.6%), TrustBridge Partners (6.8%), Focus China Holdings (6.8%). www.lightinthebox.com

Textura Corp., a Deerfield, Ill.-based provider of on-demand business collaboration software to the commercial construction industry, has set its IPO terms to 4.5 million shares being offered at between $13 and $15 per share. It plans to trade on the NYSE under ticker symbol TXTR, with Credit Suisse and William Blair serving as lead underwriters. The company reports an $18.8 million net loss on around $21.68 million in revenue for 2012, compared to an $18.9 million net loss on around $10.5 million in revenue for the prior year. Shareholders include Northwater Capital, First Midwest Bancorp and Aon Risk Services Cos. www.texturacorp.com

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

 

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