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

Deals of the day: JetBlue unloads in-flight TV biz

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
March 14, 2014, 2:27 PM ET

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

Venture Capital Deals

Xapo, a startup that offers both a free wallet and secure cold storage for Bitcoin holders, has raised $20 million in Series A funding. Benchmark led the round, and was joined by Fortress Investment Group and Ribbit Capital. Read more.

Premise, a San Francisco-based real-time economic data tracking platform, has raised $11 million in Series B funding. The Social+Capital Partnership led the round, and was joined by return backers Google Ventures, Harrison Metal, Andreessen Horowitz and Bowery Capital. www.premise.com

Azimo
, a London-based low-cost digital money transfer startup, has raised $10 million in Series A funding. Greycroft Partners led the round, and was joined by Frontier Investments Group, eVentures, TA Ventures, RI Digital Ventures and KRW Schindler Investments. www.london.com

Tipbit, a Seattle–based email productivity app that incorporates contextual search and cloud services, has raised $4 million in Series A funding led by Ignition Partners. www.tipbit.com

Private Equity Deals

The Carlyle Group has agreed to lead the acquisition of a majority stake in Traxys Group, a Luxembourg–based physical metals and minerals commodity merchant, logistics and trading firm. Sellers include Kelso & Co., Pegasus Capital Advisors and Resource Capital Funds. No financial terms were disclosed. www.traxys.com

Charterhouse Capital Partners has agreed to acquire Nashua, N.H.-based training and e-learning software company Skillsoft Ltd. from Advent International, Bain Capital and Berkshire Partners.No financial terms were disclosed, but Reuters reported that that deal could be worth more than $2 billion. www.skillsoft.com

Duet Group has invested $50 million to form Duet Consumer West Africa Holdings, a Ghana-focused investment platform that already has made two acquisitions: A control stake in supermarket groupShop N Save (a joint venture with Finatrade Group), and a majority stake in food manufacturing company GNFoods. www.duetgroup.net

Emerging Capital Partners
 has agreed to acquire a 33% stake in Atlas Bottling Co., an Algeria-based bottler of Pepsi products. No financial terms were disclosed. www.ecpinvestments.com

Fireman Capital Partners
 has acquired a majority stake in Surfside Coffee Company LLC, the largest Dunkin’ Donuts franchise network in Florida. No financial terms were disclosed. Surfside currently operates 38 units, and has assumed a development agreement for a minimum of 23 more stores. www.firemancapital.com

Temasek Holdings
 is leading a buyout offer for Olam International, a Singapore-listed provider of agricultural products and food ingredients, for more than $4 billion. www.olamonline.com

IPOs

Castlight Health, an online application that lets companies provide employees with personalized shopping tools for healthcare benefits, raised $178 million in its IPO. The company priced 11.1 million shares at $16 per share (above range), for an initial fully-diluted market cap of around $1.6 billion. It will trade on the NYSE under ticker symbol CSLT, while Goldman Sachs and Morgan Stanley served as lead underwriters. Castlight reports a $62 million net loss on $13 million in revenue for 2013, compared to a $35 million net loss on $4 million in revenue for 2012. Shareholders include Venrock (20.6% pre-IPO stake), Oak Investment Partners (15.8%), Maverick Capital (10.2%), Fidelity Investments (9.8%) and The Wellcome Trust (8.7%). www.castlight.com

Ignyta Inc., a San Diego-based developer of personalized medicine in autoimmune diseases, raised $48 million in its IPO. The company priced 5.2 million shares at $9.15 per share, and will trade on the Nasdaq under ticker symbol RXDX. Leerink Partners served as lead underwriter. Shareholders in the pre-revenue company include City Hill Ventures (24.5% pre-IPO stake), Visium Balanced Master Fund (6.16%) and Colt Ventures. www.ignyta.com

K2M Group Holdings Inc., a Leesburg, Va.-based developer of medical devices for spinal surgeries, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol KTWO, with Piper Jaffray, Barclays and Wells Fargo serving as lead underwriters. The company reports a $32 million net loss on around $158 million in revenue for 2013, compared to a $38 million net loss on $135 million in revenue for 2012. Shareholders include Welsh, Carson, Anderson & Stowe and Ferrer Freeman & Co. www.k2m.com

OneSavings Bank, a British mortgage lender backed by J.C. Flowers & Co., is prepping a London flotation, according to the FT. www.krbs.com

M&A

Charles River Laboratories International Inc. has agreed to acquire the CRO unit of Galapagos NV (Euronext: GLPG), which includes both Argenta and BioFocus. The deal is valued at €129 million in cash, plus up to €5 million in future milestone payments. www.criver.com

JetBlue (Nasdaq: JBLU) has agreed to sell LiveTV, an in-flight entertainment business, to France’sThales Group (Paris: TCFP) for $400 million. www.jetblue.com

Liberty Media (Nasdaq: LMCA) is abandoning a $10 billion plan to acquire the 47% stake it does not already hold in Sirius XM Radio Inc. (Nasdaq: SIRI). Instead, it will create a pair of tracking stocks to house its various assets. www.libertymedia.com

Acuitive Inc., a Fairfield, N.J.–based provider of IT and network support services, has acquired the U.S. division of Thrupoint Inc., a New York–based provider of IT/network consulting and professional services. Acuitive also announced its intent to acquire Thrupoint’s UK and Middle East divisions. No financial terms were disclosed. Thrupoint backers include Morgan Stanley Venture Partners, ORIX Venture Finance and TIAA-CREF. www.acuative.com

Crypton Fabrics, a Bloomfield Hills, Mich.-based performance textile company, has acquired Nanotex, an Oakland-based developer of nanotechnology-based textile enhancements. Sellers include WL Ross & Co., Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management and Masters Capital Management. www.nanotex.com

Fitch Group has acquired Business Monitor International, a provider of country risk and industry analysis specializing in emerging and frontier markets, from Spectrum Equity. No financial terms were disclosed, although a source familiar with the situation says that Spectrum generated a 3x return on its investment. www.businessmonitor.com

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

CryptoBinance
Binance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
By Ben WeissDecember 7, 2025
4 hours ago
Big TechStreaming
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
By Hadriana Lowenkron, Se Young Lee and BloombergDecember 7, 2025
7 hours ago
Big TechOpenAI
OpenAI goes from stock market savior to burden as AI risks mount
By Ryan Vlastelica and BloombergDecember 7, 2025
7 hours ago
InvestingStock
What bubble? Asset managers in risk-on mode stick with stocks
By Julien Ponthus, Natalia Kniazhevich, Abhishek Vishnoi and BloombergDecember 7, 2025
8 hours ago
EconomyTariffs and trade
Macron warns EU may hit China with tariffs over trade surplus
By James Regan and BloombergDecember 7, 2025
8 hours ago
EconomyTariffs and trade
U.S. trade chief says China has complied with terms of trade deals
By Hadriana Lowenkron and BloombergDecember 7, 2025
8 hours ago

Most Popular

placeholder alt text
Real Estate
The 'Great Housing Reset' is coming: Income growth will outpace home-price growth in 2026, Redfin forecasts
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'
By Nino PaoliDecember 6, 2025
2 days ago
placeholder alt text
Economy
The most likely solution to the U.S. debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says
By Jason MaDecember 6, 2025
1 day ago
placeholder alt text
Economy
JPMorgan CEO Jamie Dimon says Europe has a 'real problem’
By Katherine Chiglinsky and BloombergDecember 6, 2025
1 day ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
3 days ago
placeholder alt text
Politics
Supreme Court to reconsider a 90-year-old unanimous ruling that limits presidential power on removing heads of independent agencies
By Mark Sherman and The Associated PressDecember 7, 2025
16 hours ago
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
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • 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
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 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.