• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Deals of the Day: Lenovo buys smartphone biz from Google

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
January 30, 2014, 5:10 PM ET

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Venture Capital Deals

Blue Bottle Coffee  a San Francisco-based coffee retailer asnd wholesaler, has raised nearly $26 million in new VC funding. Morgan Stanley Investment Management was joined by return backers like Google Ventures, Index Ventures and True Ventures. Read more.

Oragami Logic, a Menlo Park, Calif.-based provider of marketing intelligence solutions, has raised $15 million in Series B funding. Jafco Ventures led the round, and was joined by return backers Accel Partners and Lightspeed Venture Partners. www.oragamilogic.com

Cleverbug, an Ireland-based mobile app for making personalized greeting cards (either digital or paper), has raised $6 million in Series A funding. Delta Partners led the round, and was joined by Enterprise Ireland. www.cleverbug.com

GNS Healthcare Inc.
, a Cambridge, Mass.-based provider of data analytics to biotech companies, has raised $10 million in Series B funding. Existing backer Cambia Health Solutions led the round, and was joined by new investors Heritage Provider Network and Mitsui & Co. www.gnshealthcare.com

SalesFusion
, an Atlanta-based provider of cloud marketing automation software, has raised $8.25 million in Series B funding. Noro-Moseley Partners and BLH Venture Partners were joined by seed backer Hallett Capital. SalesFusion also has acquired LoopFuse, an Atlanta-based marketing automation software vendor. www.salesfusion.com

BrightFarms
, a New York developer of hydroponic greenhouse farms at urban supermarkets and grocery retailers, has raised $4.9 million in Series B funding. Backers include NGEN Partners, Emil Capital Partners and individual angels. www.brightfarms.com

GetYourGuide
, a Berlin-based online platform for booking travel tours, has raised $4.5 million in new Series A funding, bringing the round total to $18.5 million. Kens Koolen (ex-CEO of Booking.com) led the round, and was joined by Fritz Demopoulos (founder of Qunar.com). Existing backers include Spark Capital and Highland Capital Partners Europe. www.getyourguide.com

Quippi
, a La Jolla, Calif–based provider of a fee-free alternative to traditional money transfers via gift cards, has raised more than $2.2 million in Series A funding led by Avalon Ventures. www.quippi.com

Mercatus Inc.
, a San Jose, Calif.-based provider of investment analysis and decision-making solutions for the energy project finance market, has raised an undisclosed amount of Series A funding. Trepp LLC led the round, and was joined by return backers Vision Ridge Partners, Augment Ventures and Shah Capital. www.mercatus.com

Private Equity Deals

CoBe Capital has acquired Hatria, an Italian maker of ceramic sanitary products, from Mohawk Industries Inc. (NYSE: MHK). No financial terms were disclosed. www.hatria.com

GVK Bioscience, a portfolio company of Sequoia Capital India, has agreed to acquire a majority stake in Aragen Bioscience, with an option to acquire the remainder over the next two years. Aragen is a Morgan Hills, Calif.-based provider of preclinical contract research and development services. No financial terms were disclosed. www.aragenbio.com

Odyssey Logistics & Technology Corp., a provider of global supply chain logistics services, has acquired CMI Logistics, an Orland Park, Ill.-based intermodal distribution company focused on the metals market. No financial terms were disclosed. Odyssey shareholders include Ad Eundem Partners, Boston Millennia Partners, CMEA Capital, RRE Ventures and Trident Capital.www.odysseylogistics.com

IPO’s

JD.com Inc., a Chinese online direct sales company, has filed for a $1.5 billion IPO. BofA Merrill Lynch and UBS are serving as lead underwriters. The company reports $10 million in net income on over $8 billion in revenue for the first nine months of 2013. Shareholders include Tiger Global Management (22.1% pre-IPO stake), DST Global, Insight Venture Partners and Sequoia Capital.www.jd.com

Celladon Corp.
, a La Jolla, Calif.-based cardiovascular drug developer, raised $44 million in its IPO. The company priced 5.5 million shares (up from planned 5 million) at $8 per share. It will trade on the Nasdaq under ticker symbol CLDN, while J.P. Morgan and Barclays served as lead underwriters. The pre-revenue company has raised around $120 million in VC funding, from Enterprise Partners Venture Capital (15.1% pre-IPO stake), Pfizer Ventures (13.1%), Lundbeckfond Ventures (13%), Novartis Venture Funds (11.6%), Johnson & Johnson Development Corp. (10.1%), GBS Venture Partners (8.3%), Venrock (7.7%) and H&Q Healthcare Investors (7.3%). www.celladon.net

Dicerna Pharmaceuticals
, a Watertown, MA-based pharmaceutical company that develops RNAinterference-based therapeutics, raised $90 million in its IPO. The company priced 6 million shares at $15 per share, compared to original plans to offer 5 million at between $11 and $13 per share. It will trade on the Nasdaq under ticker symbol DRNA, while Jefferies, Leerink Partners and Stifel served as lead underwriters. Dicerna reports around a $10 million net loss on $7 million in revenue for 2013. Shareholders include Domain Associates (16.8% pre-IPO stake), Skyline Ventures (14.7%), Deerfield Management (13.4%), RA Capital (13.4%), Abingworth Management (10.3%), Brookside Capital (9.4%), S.R. One Ltd. (8%) and Oxford Bioscience Partners (7.3%).www.dicerna.com

OTHER DEALS

Lenovo has agreed to acquire the Motorola Mobility handset business from Google Inc. (Nasdaq: GOOG) for $2.91 billion. Google had paid $12.5 billion for the business less than two years ago, although that price included around $3 billion in cash on hand. Also, Google already has sold the set-top box business to Arris for more than $2.3 billion. www.lenovo.com

Dassault Systèmes (Paris: DSY) has agreed to acquire Accelrys (Nasdaq: ACCL) for approximately $750 million in cash, or $12.50 per share (28% premium to yesterday’s closing price). Accelrys is a San Diego-based maker of scientific business intelligence software. www.accelrys.com

Standard Bank PLC
 has agreed to sell a control stake in its global markets business to The Industrial and Commercial Bank of China for $765 million.

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
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
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
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Iran’s Hormuz whiplash highlights divide within regime as U.S. blockade tightens. ‘The fight between different factions has started’
PoliticsIran
Iran’s Hormuz whiplash highlights divide within regime as U.S. blockade tightens. ‘The fight between different factions has started’
By Jason MaApril 18, 2026
1 hour ago
MacKenzie Scott
SuccessMacKenzie Scott
MacKenzie Scott has donated more than $26 billion—but it’s barely made a dent in her net worth because of the power of Amazon shares
By Sydney LakeApril 18, 2026
2 hours ago
Steve Jobs
SuccessZillow
Zillow’s CEO says his friends were shocked when he quit a cushy Microsoft job—but Steve Jobs led to his success at the $10.5 billion real estate firm
By Emma BurleighApril 18, 2026
2 hours ago
The $6 billion Vatican Bank was beset by scandals, disastrous investments—and ties to the Mafia. How Pope Francis tried to fix it
BankingPope Francis
The $6 billion Vatican Bank was beset by scandals, disastrous investments—and ties to the Mafia. How Pope Francis tried to fix it
By Marco Quiroz-GutierrezApril 18, 2026
2 hours ago
benioff
CommentarySalesforce
AI’s next act: how Salesforce is turning efficiency gains into revenue
By Keith Ferrazzi and Wendy SmithApril 18, 2026
6 hours ago
brown
AIEntrepreneurs
Meet the AI founders using agents to build instantly profitable 3-person companies
By Nick LichtenbergApril 18, 2026
7 hours ago

Most Popular

Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire
Success
Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire
By Preston ForeApril 17, 2026
1 day ago
'We should absolutely be concerned about non-college-educated men today': higher rents, living at home, falling out of the labor market
Economy
'We should absolutely be concerned about non-college-educated men today': higher rents, living at home, falling out of the labor market
By Catherina GioinoApril 18, 2026
10 hours ago
The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage
Workplace Culture
The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage
By Marco Quiroz-GutierrezApril 17, 2026
1 day ago
Older millennials are starting to act like boomers in the housing market—and pulling away from the pack
Real Estate
Older millennials are starting to act like boomers in the housing market—and pulling away from the pack
By Nick LichtenbergApril 17, 2026
1 day ago
Iran has reopened the Strait of Hormuz—but experts say it now holds a card that works ‘almost like a nuclear deterrent’
Energy
Iran has reopened the Strait of Hormuz—but experts say it now holds a card that works ‘almost like a nuclear deterrent’
By Eva RoytburgApril 17, 2026
1 day ago
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeApril 15, 2026
3 days ago

© 2026 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.