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Deals of the day: KKR buying Sedgwick Claims

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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January 27, 2014, 4:18 PM ET

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AMCS Group, a Limerick, Ireland-based provider of software for the recycling and waste management industry, has raised €23.5 million in new VC funding led by Highland Capital Partners Europe.www.amcsroup.com 

 

The Cambridge Satchel Co., a UK-based maker of satchels and other leather goods, has raised $21 million in VC funding from Index Ventures. www.cambridgesatchel.com

TigerText, a Santa Monica, Calif.-based provider of real-time messaging solutions for healthcare organizations and other enterprises, has raised $21 million in Series B funding. Shasta Ventures led the round, and was joined by OrbiMed Advisors, Reed Elsevier Ventures, TELUS Corp. and return backers Easton Capital, New Leaf Venture Partners, and New Science Ventures. www.tigertext.com

RedMart.com, a Singapore-based online grocery service, has raised $5.4 million in new VC funding. Backers include by Eduardo Saverin and Lion Rock Capital. www.redmart.com

PricePanda, a Southeast Asia-focused price comparison engine backed by Rocket Internet, has raised $3 million in new VC funding from German retailer Tengelmann Group. www.pricepanda.com

Private Equity Deals

Kohlberg Kravis Roberts & Co. has agreed to acquire Sedgwick Claims Management Services Inc., a Memphis, Tenn.-based provider of workman’s comp claims processing services, from Hellman & Friedman and Stone Point Capital. The deal is valued at approximately $2.4 billion. www.sedgwickcms.com

Dedalus Group, an Italian healthcare IT company, has raised €50 million in funding from Hutton Capital. www.dedalus.eu

 

The Gores Group has agreed to acquire a 51% stake in Hovis, a UK-based bread-maker, fromPremier Foods PLC (LSE: PFD). The deal includes a £30 million investment from Gores, plus another £15 million into Hovis from Premier Foods. Over the next five years, the two sides are expected to invest a total of around 200 million. www.premierfoods.co.uk

O2 Investment Partners has agreed to acquire Alpha Sintered Metals Inc., a Ridgway, Penn.-based maker of high-precision powder metal components for the vehicle and agricultural equipment industries, from Cyprium Partners. No financial terms were disclosed. www.alphasintered.com

Olympus Partners and Goldman Sachs have agreed to acquire PSAV, a Long Beach, Calif.–based event technology and audiovisual company, from Kelso & Co. No financial terms were disclosed.www.psav.com

Partners Group and Equis Funds Group have co-led a $250 million investment to form Japan Solar, a new developer of utility-scale solar power projects in Japan. Others backers include Babson Capital, LGsuper and Qantas Superannuation. Nippon Renewable Energy KK also will participate as a strategic partner. www.partnersgroup.com

Reynolds and Reynolds, a Kettering, Ohio-based based provider of automotive dealership software and services, has acquired Add.On.Auto, a digital platform for marketing and selling vehicle accessories. No financial terms were disclosed. Reynolds and Reynolds is a portfolio company ofVista Equity Partners. www.reyrey.com

Sentinel Capital Partners has agreed to acquire Checkers Drive-In Restaurants, a Tampa, Fla.-based chain of more than 800 hamburger restaurants, from Wellspring Capital Partners. No financial terms were disclosed. Read more. www.checkers.com

Vinci (Paris: DG) is expecting final bids for its parking concessions business by early next month, according to Reuters. The deal could be valued at around € billion, with suitors expected to include Ardian, Antin Infrastructure Partners, Charterhouse Capital Partners, the Canadian Pension Plan Investment Board, KKR and the Ontario Teachers Pension Plan. www.vinci.com

IPOs

Achaogen Inc., a South San Francisco-based developer of antibacterials to treat multi-drug resistant infections, has filed for a $74.25 million IPO. It plans to trade on the Nasdaq under ticker symbol AKAO, with Credit Suisse and Cowan & Co. serving as lead underwriters. Shareholders include Domain Associates (18.75% pre-IPO stake), Venrock (16.2%), The Wellcome Trust (14.62%), Arch Venture Partners (13.16%), Versant Ventures (11.88%), Omega Fund (8.22%) and 5AM Ventures (5.58%). www.achaogen.com

Resonant Inc., a Santa Barbara, Calif.-based developer of RF filter designs for mobile devices, has filed for a $14 million IPO. It plans to trade on the Nasdaq under ticker symbol RESN, with MDB Capital Group serving as sole underwriter. www.resonantinc.org

OTHER DEALS

Google (Nasdaq: GOOG) has agreed to acquire London-based artificial intelligence companyDeepMind, for approximately $400 million. The deal was first reported by Re/Code, which adds that DeepMind had raised around $50 million in VC funding from such firms as Founders Fund and Horizons Ventures. We’re still working on confirming some additional backers. www.deepmind.com

Providence Equity Partners has agreed to sell its remaining stake in Yankees Entertainment and Sports Network (YES Network) to 21st Century Fox (Nasdaq: FOX), for an undisclosed amount. The deal would give 21st Century Fox an 80% stake in the business, with the remaining 20% to be held by Yankee Global Enterprises. www.provequity.com

AT&T (NYSE: T) said that it does not plan to make a solo takeover bid for Vodafone PLC (LSE: VOD), via a statement to the London Stock Exchange. www.vodafone.com

Liberty Global (Nasdaq: LBTY) has agreed to acquire Dutch cable operator Ziggo(Amsterdam:ZIGGO), in a cash and stock deal that values Ziggo at approximately $13.7 billion. The €34.53 per share deal represents around a 22% premium to where Ziggo was trading when it announced last October that it had received a preliminary takeover offer from Liberty. www.ziggo.com

LiveOps, a Santa Clara, Calif.-based on-demand contact center platform, has raised $30 million in venture debt funding from Comerica Bank. The company previously raised more than $80 million in VC funding from firms like Benchmark, August Capital, DAG Ventures, Institutional Venture Partners, Menlo Ventures and CMEA Capital. www.liveops.com

Martin Marietta Materials Inc. (NYSE: MRM) is in talks to acquire heavy construction materials company Texas Industries Inc. (NYSE: TXI), according to Bloomberg. News of the possible deal sent Texas Industries stock up 13% on Friday, giving the company a market cap of more than $2.1 billion.www.txi.com

SAP chief financial officer Werner Brandt was quoted in a German publication as saying that the company may look at acquisitions of “almost any size,” particularly in the cloud computing space.www.sap.com

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