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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Deals of the day: Singer sewing on the block

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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March 13, 2014, 2:49 PM ET

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Venture Capital Deals

Credit Karma, a San Francisco-based provider of consumer credit score tracking solutions, has raised $85 million in third-round funding. Google Capital led the round, and was joined by Tiger Global Management and return backers Ribbit Capital and Susquehanna Growth Equity. www.creditkarma.com

MuleSoft, a San Francisco-based integration platform for integration platform for connecting SaaS and enterprise apps, has raised $50 million in new VC funding. TechCrunch reports that the round was done at an $800 million valuation. Existing investors New Enterprise Associates and Lightspeed Venture Partners co-led the round, and were joined by Cisco Systems, Meritech Capital Partners and return backers SAP Ventures, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners. The company has now raised a total of $131 million. Read more at Fortune.com.

SAGE Therapeutics, a Cambridge, Mass.-based developer of drugs to treat orphan and specialty CNS disorders, has raised $38 million in Series C funding. New investors include OrbiMed Advisors, EcoR1 Capital Management, Foresite Capital Management and two undisclosed public investment funds. Return backers Third Rock Ventures and ARCH Venture Partners also participated. www.sagerx.com

Banjo Inc.
, a social discovery services for smartphones, has raised $16 million in Series B funding.Balderton Capital led the round, and was joined by Blue Run Ventures and VegasTech Fund.www.ban.jo

Bebe Store, a Brazilian online retailer of products for babies and mothers, has raised $12.3 million in new VC funding led by Atomico. www.bebestore.com.br

Smart Sparrow
, an Australia-based adaptive learning platform, has raised $10 million in Series B funding. Yellow Brick Capital led the round, and was joined by return backers One Ventures and Uniseed. www.smartsparrow.com

MUBI
, a Palo Alto, Calif.–based global video on demand platform, has raised $7.5 million in Series D funding. Backers include Floreat, MMC Ventures and White Star Capital. www.mubi.com

Acorns Grow
, a Newport Beach, Calif.-based micro-investing platform, has raised $5.5 million in Series B funding led by Jacobs Asset Management. www.acorns.com

SteelBrick
, a Palo Alto, Calif.–based provider of configure-price-quote apps for Salesforce.com customers, has raised $5 million in new VC funding from new CEO Godard Abel (ex-CEO of BigMachines) and Matt Gorniak (ex-SVP of BigMachines). www.steelbrick.com

WorkFlex Solutions
, a Cincinnati-based platform for call center staffing and performance management, has raised $3 million in Series B funding led by return backer CincyTech. www.workflexsolutions.com

EnEvolv Inc., a Boston-based genome engineering company, has raised $1.7 million in Series A funding led by Cultivian Sandbox Venture Partners. www.enevolv.com

Private Equity Deals

Hellman & Friedman has agreed to acquire Renaissance Learning, a Wisconsin Rapids, Wis.–based maker of student evaluation tools, for $1.1 billion. The majority seller is Permira, although Renaissance Learning also secured a $40 million minority investment just weeks ago from Google Capital. Read more at Fortune.com.

Lion Capital, TPG Capital and SPI Group are among those interested in acquiring the Whyte & Mackay whisky unit of United Spirits, according to Reuters. The deal could be valued at around £350 million. www.unitedspirits.in

Rock Oil Holdings LLC, a newly-formed oil and gas company focused on the Eagle Ford Shale, the Utica Shale and the Permian Basin, has secured an equity commitment of us to $250 million from Riverstone Holdings. www.riverstonellc.com

Vocus Inc. (Nasdaq: VOCS), a Beltsville, Md.–based provider of cloud marketing software, has hired Stifel to advise on a possible sale of the company, according to Reuters. Suitors reportedly include GTCR, ConstantContact and Web.com Group. Vocus has a market cap just shy of $300 million. www.vocus.com

IPOs

Applied Genetic Technologies Corp., a Gainesville, Fla.-based developer of gene therapy products to treat rare retinal diseases, has set its IPO terms to 3.57 million shares being offered at between $13 and $15 per share. It would have an initial market cap of around $179 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol AGTC, with BMO Capital Markets and Wedbush PacGrow Life Sciences serving as lead underwriters. Shareholders include Alta Partners (30.7% pre-IPO stake), S.R. One Ltd. (20.4%), InterWest Partners (15.1%), MedImmune Ventures (15.1%), Intersouth Partners (12.5%) and Osage University Partners (5.1%). www.agtc.com

Blue Buffalo, a Wilton, Conn.-based maker of premium pet food, has picked J.P. Morgan, Morgan Stanley and Citigroup as IPO underwriters, according to Reuters. The company reportedly generated around $600 million in 2013 revenue. www.bluebuff.com

Diamond S Shipping Group, a Greenwich, Conn.-based provider of seaborne transportation of refined petroleum, has postponed its planned IPO due to pricing concerns. It had planned to sell 14 million shares at between $14 and $16 per share, with Jefferies and BofA Merrill Lynch serving as lead underwriters. The company reports $2.3 million in net income on around $134 million in revenue for the last nine months of 2013, compared to $13 million in net income on $132 million in revenue for the year-earlier period. Shareholders include W.L. Ross (32.2% pre-IPO stake), First Reserve Corp. (27.2%), ClarVal Investors (18.3%), Chengdong Investment Corp. (8.6%) and Siguler Guff Advisors (6.4%). www.diamondsshipping.com

Dipexium Pharmaceuticals LLC, a New York-based developer of a topical antibiotic derived from the skin of the African clawed frog, raised $33 million in its IPO. The company priced 2.8 million shares at $12 per share, compared to plans to offer 2.3 million shares at between $12 and $14 per share. It will trade on the Nasdaq under ticker symbol DPRX, while Oppenheimer & Co. and Feltl & Co. served as lead underwriters. www.dipexiumpharmaceuticals.com

Galmed Pharmaceuticals Ltd., an Israel-based developer of an oral therapy for the treatment of liver diseases and cholesterol gallstones, raised $38 million in its IPO. The company priced 2.8 million shares at $13.50, compared to plans to offer 2.35 million shares at between $12 and $14 per share. It will trade on the Nasdaq under ticker symbol GLMD, while Maxim Group served as underwriter.www.galmedpharma.com

ISS, a Danish outsourcing company backed by EQT Partners and Goldman Sachs, raised around $1.5 billion in its IPO, giving it a market cap of around $5.5 billion. www.issworld.com

Leju Holdings Ltd.
, an online-to-offline real estate services company in China, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol LEJU, with Credit Suisse and J.P. Morgan serving as lead underwriters. The company reports $43 million in net income on $335 million in revenue for 2013, compared to a $44 million net loss on $171 million in revenue for 2012. The company is wholly-owned by E-House China Holdings (NYSE: EJ). www.ehousechina.com

Synchrony Financial
, a the North American credit card unit of GE Consumer Finance, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol SYF, with Goldman Sachs serving as left-lead underwriter.

M&A

Kohlberg & Co. has hired Harris Williams & Co. to find a buyer for the Singer sewing machine company, according to Reuters. The deal could be valued at more than $500 million. www.singerco.com

Unity Technologies, a San Francisco-based developer of tools for game developers, has agreed to acquire Applifier, a Finland–based mobile game service provider. No financial terms were disclosed. Unity has raised over $17 million in VC funding from such firms as Sequoia Capital, WestSummit Capital and iGlobe Partners. Applifier had raised more than $6 million from Lifeline Ventures, MHS Capital, PROfounders Capital and Webb Investment Network. www.applifier.com

WSP Global Inc. (TSX: WSP) has agreed to acquire Focus Group Holding Inc., a provider of engineering services in Western Canada to the energy and infrastructure end markets, from KRG Capital Partners. No financial terms were disclosed for the deal, which is expected to close next month. www.focus.ca

Cupcake Digital Inc., a New York–based developer of children’s enhanced storybooks and gaming apps, has acquired Zuuka Inc., a German developer of the iStgoryTime Library. No financial terms were disclosed. Zuuka backers include CFP Investments. www.istorytime.com

Foster Wheeler AG (Nasdaq: FWLT) has agreed to acquire MDM Engineering Group Ltd. (AIM: MDM), a Monoco-based metallurgical engineering company, for approximately $109 million in cash.www.fwc.com

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

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