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Deals of the Day: Carlyle buys big Illinois package

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
February 7, 2014, 8:12 PM ET

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Venture Capital Deals

Truecaller, a Sweden-based developer of a global crowdsourced phone directory, has raised $18.8 million in Series B funding. Sequoia Capital led the round, and was joined by return backers like Open Ocean. www.truecaller.com

Vungle, a San Francisco-based in-app video advertising platform, has raised $17 million in Series B funding. Thomvest Ventures led the round, and was joined by return backers AOL Ventures, Crosslink Capital and Google Ventures. www.vungle.com

CircleCI, a San Francisco-based developer of continuous integration and continuous delivery technologies, has raised $6 million in new VC funding led by DFJ. www.dfj.com

Celery, a San Francisco-based “pre-commerce” store builder for online and mobile shopping, has raised $2 million in seed funding. Backers include Y Combinator, SV Angel and Max Levchin.www.trycelery.com

Private Equity Deals

The Carlyle Group has agreed to acquire the industrial packaging business of Illinois Tool WorksInc. (NYSE: ITW) for $3.2 billion. The deal is expected to close in the middle of 2014. Other bidders reportedly had included a partnership of Apollo Global Management, The Carlyle Group, Onex Partners and Platinum Equity. www.itwinc.com

AEA Investors is in “advanced talks” to acquire Gypsum Management and Supply Inc. for more than $700 million, according to Reuters. Other suitors reportedly include Advent International and TPG Capital. GMS is a Tucker, Ga.-based distributor of drywall, acoustical and other specialty building materials. www.gms.com

B&B Investment Partners has acquired Aromatherapy Associates Ltd., a UK–based provider of branded premium spa and skincare products. No financial terms were disclosed. www.b-bgroup.com

High Road Capital Partners has acquired General Tools & Instruments LLC, a New York–based maker of specialty hand tools and electronic test instruments for consumers and professionals. No financial terms were disclosed. www.generaltools.com

Huron Capital Partners has formed Albireo Energy, an acquisition platform focused on niche energy service providers with annual revenue of at least $15 million. It will be led by Phil Bomrad, the former CEO of  Clean Urban Energy. Huron did not disclose the size of its equity commitment.www.huroncapital.com

Kohlberg Kravis Roberts & Co. has agreed to acquire National Vision Inc., a Lawrenceville, Ga.–based value retailer of eyeglasses and contact lenses, from Berkshire Partners. No financial terms were disclosed. www.nationalvision.com

Longroad Asset Management has acquired Blue Bell Mattress Company LLC, an East Windsor, Conn.–based licensee of the King Koil mattress brand. It also provides both private label inner spring and hybrid mattresses to retailers. No financial terms were disclosed. www.longroadllc.com

Pelican Products Inc., a Torrance, Calif.–based maker of protective case solutions and portable lighting systems, has acquired Cool Logistics, a UK-based provider of temperature controlled packaging solutions. No financial terms were disclosed. Pelican Products is a portfolio company of Behrman Capital. www.pelican.com

IPO’s

Dipexium Pharmaceuticals LLC, a New York-based developer of a topical antibiotic derived from the skin of the African clawed frog, has filed for a $34.5 million IPO. It plans to trade on the Nasdaq under ticker symbol DPRX, with Oppenheimer & Co. and Feltl & Co. serving as lead underwriters.www.dipexiumpharmaceuticals.com

Eleven Biotherapeutics Inc., a Cambridge, Mass.-based developer of protein-based biotherapeutics, raised $50 million in its IPO. The company priced 5 million shares at $10 per share, compared to plans to offer 4.3 million shares at between $13 and $15 per share. It will trade on the Nasdaq under ticker symbol EBIO, while Citigroup, Cowen & Co. and Leerink Swann served as lead underwriters. Shareholders include Third Rock Ventures (41.3% pre-IPO stake), Flagship Ventures (28.8%) and Jafco (18.4%). www.elevenbio.com

Galmed Pharmaceuticals Ltd., an Israel-based developer of an oral therapy for the treatment of liver diseases and cholesterol gallstones, has filed for a $34.5 million IPO. It plans to trade on the Nasdaq under ticker symbol GLMD, with Maxim Group serving as underwriter. www.galmedpharma.com

Luye Pharma Group is prepping a $750 million Hong Kong IPO, according to The Wall Street Journal. Luye backers include CDH Capital, Citic Private Equity, and New Horizon Capital.www.luye.cn

OTHER DEALS

Amazon (Nasdaq: AMZN) has acquired Double Helix Games, an Irvine, Calif.-based gaming studio, as first reported by TechCrunch. No financial terms were disclosed. www.doublehelixgames.com

Baytex Energy Cop. (NYSE: BTW) has agreed to acquire Australia’s Aurora Oil & Gas Ltd. (ASX: AUT) for approximately A$2.6 billion (A$4.10 per share), including around A$744 million in assumed debt. www.baytex.com

First American Financial Corp. (NYSE: FAF) has agreed to acquire Interthinx Inc. from Verisk Analytics Inc. (NYSE: VRSK) for $155 million. Interthinx provides loan quality analytics, decision support tools and loan review services for the mortgage industry. www.interthinx.com.

Glori Energy Inc., a Houston, Texas-based provider of biotech solutions to increase recovery from mature oil wells, has agreed to acquire the producing oil assets in Coke field and other operated production in Wood County, Texas from Petro-Hunt LLC for $40 million. Glori recently announced plans to go public via a $185 million reverse merger with Infinity Cross Border Acquisition Corp.(Nasdaq: INXB). Infiniy’s sponsors are Infinity Group and Hicks Equity Partners, while Glori Energy backers include GTI Ventures (18.5% stake), Oxford Bioscience Partners (19%), The Ozmest Group (18.3%), Kleiner Perkins Caufield & Byers (15.7%), Malaysian Life Sciences Capital Fund (13.5%), Energy Technology Ventures (6.9%), Gentry Venture Partners and Advantage Capital Partners.www.glorioil.com

I.B.M. (NYSE: IBM) is “exploring” a sale of its chip manufacturing business, as first reported by The Financial Times. The money-losing business reportedly generated around $1.75 billion in revenue last year. www.ibm.com

Imperva Inc. (NYSE: IMPV) has agreed to acquire both cloud security gateway startup Skyfence and the remaining shares of cloud-based web application security company Incapsula. No financial terms were disclosed for either deal. www.imperva.com

Voxox, a San Diego-based unified communication service provider, has acquired international calling service PokeTalk from Canada’s Emobile Telecom. No financial terms were disclosed.www.voxox.com

Cerberus Capital Management is preparing to sell its 55% stake in Japanese property operatorKokusai Kogyo Co. to the company’s founding family for approximately $1.37 billion, according to Dow Jones. www.kokusaikogyo.co.jp

Francisco Partners has agreed to sell Grass Valley, a Hillsboro, Ore.-based provider of broadcast equipment solutions, to Belden Inc. (NYSE: BDC). No financial terms were disclosed.www.grassvalley.com

LinkedIn (NYSE: LNKD) has agreed to acquire Bright, a San Francisco–based company that “leverages data insights and matching technology to connect prospects and employers.” The deal is valued at approximately $120 million (73% stock/27% cash), and is expected to close later this quarter. Bright had raised around $20 million in VC funding from firms like Toba Capital and Passport Capital. www.bright.com

Open Table Inc. (Nasdaq: OPEN) has acquired Ness Computing Inc., a Los Altos, Calif.–based provider of mobile personalized restaurant recommendations, for approximately $17.3 million in cash (including $5.9m of Ness cash on hand). Ness had raised around $20 million in VC funding from Alsop Louie Partners, Khosla Ventures, Bullpen Capital, TomorrowVentures, SingTel Innov8 andAmerican Express. www.likeness.com

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