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M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 19, 2013, 2:18 PM ET

Apple (Nasdaq: AAPL) has acquired Locationary, a Toronto-based crowdsourced local business data company. No financial terms were disclosed. Locationary had raised VC funding from Extreme Venture Partners and Plazacorp Ventures. www.locationary.com

Global Infrastructure Partners has hired Credit Suisse to manage the sale of its Channelview Cogeneration facility in Texas, according to LBO Wire. www.global-infra.com

J.W. Childs Associates has agreed to sell the parent company of men’s apparel designer Joseph Abboud to Men’s Wearhouse (NYSE: MW) for $97.5 million. Read more.

Symantec Corp. (Nasdaq: SYMC) has acquired Spanish identity-as-a-service platformPasswordBank for €19 million, according to TheNextWeb. PasswordBank had raised around $3.5 million in VC funding from the Inveready Technology Investment Group and individual angels.www.symantec.com

Yelp Inc. (NYSE: YELP) has agreed to acquire SeatMe Inc., a San Francisco-based provider of a restaurant reservations and guest management system. The deal is valued at approximately $12.7 million, including $2.2 million in cash. SeatMe investors include Maveron. www.seatme.com

BH Media Group, a wholly owned subsidiary of Berkshire Hathaway, has agreed to acquire The Press of Atlantic City newspaper from Pittsburgh-based holding company ABARTA. No financial terms were disclosed. www.pressofatlanticcity.com

Griffin’s Foods
, a New Zealand biscuit maker owned by Pacific Equity Partners, is finalizing its second dividend recap in as many months, according to Bloomberg. The new refinancing package would be for more than NZ$400 million. www.griffins.co.nz

Pfizer (NYSE: PFE) is no longer pursuing an acquisition of Onyx Pharmaceuticals Inc. (Nasdaq: ONXX), a South San Francisco-based cancer drug company, according to Reuters. Onyx recently rejected an unsolicited $10 billion buyout offer from Amgen Inc. Nasdaq: AMGN), and then hired Centerview Partners to advise on a possible sale of the company. www.onyx-pharm.com

RetailMeNot, an Austin, Texas-based digital coupon marketplace, raised around $191 million in its IPO. The company priced nearly 9.1 million at $21 per share (midpoint of $20-$22 range), for an initial market cap of approximately $1.05 billion. The company will trade on the NASDAQ under ticker symbol SALE, while Morgan Stanley, Goldman Sachs and Credit Suisse served as lead underwriters. It reports $26 million of net income on around $145 million of revenue in 2012, compared to $17 million of net income on $80 million in revenue for 2011. Shareholders include Austin Ventures (31.8% pre-IPO stake), Norwest Venture Partners (20.5%), J.P. Morgan (13.7%), Institutional Venture Partners (7%), Adams Street Partners (6.1%) and Google Ventures (5.1%). Around half of the IPO shares were sold by insiders. www.retailmenot.com

Diamond Resorts International, a Las Vegas-based timeshare company, raised around $217 million in its IPO. The company priced 15.5 million shares at $14 per share (below $16-$18 range), and will trade on the NYSE under ticker symbol DRII. Credit Suisse served as lead underwriter.www.diamondresorts.com

Brixmor Property Group Inc., a New York-based owner of grocery-anchored shopping centers, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol BRX, with BoA Merrill Lynch listed as left lead underwriter. Brixmor is owned by The Blackstone Group. www.brixmor.com

Iroko Pharmaceuticals Inc., a Philadelphia-based developer of nonsteroidal anti-inflammatory drugs for patients with acute and chronic pain, has set its IPO terms to 6.5 million shares being offered at between $14 and $17 per share. It plans to trade on the Nasdaq under ticker symbol IRKO, with Jefferies and William Blair serving as lead underwriters. The company reports a $74 million net loss on just under $10 million in revenue for 2012. www.iroko.com

MBK Partners is considering a Singapore IPO for Taiwanese cable television operator China Network Systems Co., according to Bloomberg. www.cns.net.tw

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By Dan Primack
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