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Deals of the day: Vodafone buying Ono

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
March 17, 2014, 3:28 PM ET

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Venture Capital Deals

Synthesio, a New York-based social listening and analysis platform for global brands and agencies, has raised $20 million in Series B funding from Idinvest Partners. www.synthesio.com

Gravie, a Minneapolis-based online health insurance marketplace, has raised $10.5 million in Series A funding. Aberdare Ventures led the round, and was joined by return backer FirstMark Capital.www.gravie.com

Boxfish
, a Palo Alto, Caif.-based television search engine, has raised $7 million in new VC funding fromAtlantic Bridge Ventures and Samsung. www.boxfish.com

Wise.io
, a Berkeley, Calif.-based machine learning startup, has raised $2.5 million in Series A funding led by Voyager Capital. www.wise.io

Private Equity Deals

Apollo Global Management is expected to assume control of French-style restaurant chain Tragus, as part of a debt restructuring with current Traugus owner The Blackstone Group, according to the FT. www.tragusgroup.com

The Carlyle Group and PAI Partners are in advanced talks to acquire a 33% stake in sensor-makerCST from Schneider Electric SA (Paris: SU), according to Reuters. The deal would value CST at approximately €700 million. www.schneider-electric.com

Encana Corp.
 (TSX: ECA) is in “advanced talks” to sell its Wyoming natural gas fields to The Carlyle Group and NGP Energy Capital Management for approximately $2 billion, according to the WSJ.www.encana.com

Generation Growth Capital
 has acquired Laser Technologies Inc., a Minneapolis-based designer and fabricator of custom laser workstations. No financial terms were disclosed. www.iltinc.com
H.I.G. Capital has sponsored a management buyout of Kondor, a UK–based distributor of mobile and consumer electronics accessories. No financial terms were disclosed. www.kondor.co.uk

Netchemia LLC
, a Prairie Village, Kan.-based provider of cloud-based talent management software for K-12 school districts, has acquired SchoolSpring Inc., a provider of online recruiting and application management tracking software. No financial terms were disclosed. Netchemia backers includeMainsail Partners. www.netchemia.com

Peak Rock Capital
 has acquired the interior products division of RJF International Corp., a Fairlawn, Ohio–based manufacturer and distributor of custom interior home products. The company will be renamed Koroseal Interior Products LLC. www.koroseal.com

Sun Capital Partners
 has agreed to acquire Aclara Technologies LLC, a St. Louis–based vendor of advanced meter infrastructure solutions, from ESCO Technologies Inc. (NYSE: ESE). No financial terms were disclosed. www.suncappart.com

IPOs

2U Inc., a Landover, Md.-based platform that helps colleges and universities bring their programs online, has set its IPO terms to 9.175 million shares being offered at between $11 and $13 per share. It would have an initial market cap of approximately $470 million, were it to price in the middle of its range. The company plans to trade on the NASDAQ under ticker symbol TWOU, with Goldman Sachs and Credit Suisse serving as lead underwriters. It reports a $28 million net loss on around $83 million in revenue for 2013, compared to a $23 million net loss on $56 million in revenue for 2012. Shareholders include Redpoint Ventures (23.2% pre-IPO stake), Highland Capital Partners (11.4%), Novak Biddle Venture Partners (11%) and Bessemer Venture Partners (8.3%). www.2u.com

Aerohive Networks
, a Sunnyvale, Calif.-based developer of “cooperative control” wireless LAN access points, has set its IPO terms to 7.5 million shares being offered at between $9 and $11 per share. It would have an initial market cap of approximately $436 million, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol HIVE, with Goldman Sachs and BofA Merrill Lynch serving as lead underwriters. It reports a $33 million net loss on $107 million in revenue for the first nine months of 2013, compared to a $25 million net loss on $71 million in revenue for the year-earlier period. Aerohive has raised around $105 million in VC funding, from Northern Light Venture Capital (21.9% pre-IPO stake), Lightspeed Venture Partners (20.4%), New Enterprise Associates (13%), Kleiner Perkins Caufield & Byers (11%),DAG Ventures (8.4%) and Institutional Venture Partners. www.aerohive.com

Everyday Health Inc.
, a New York-based provider of online consumer health solutions, has set its IPO terms to 7.15 million shares being offered at between $13 and $15 per share. It would have an initial market cap of approximately $415 million, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol EVDY, with J.P. Morgan, Credit Suisse and Citigroup serving as lead underwriters. It reports an $18 million net loss on around $156 million in revenue for 2013, compared to a $22 million net loss on $139 million in revenue for 2012. Everyday Health previously filed for an IPO in January 2010, before pulling the offering later that year. Shareholders include WF Holding (25.4% pre-IPO stake), Rho Ventures (25.4%), Scale Venture Partners (7.2%), Foundation Capital (5.2%) and NeoCarta Ventures (5.2%). www.everydayhealth.com

GlobeImmune
, a Louisville, Colo.-based developer of therapeutic products for cancer and infectious diseases, has filed for a $35 million IPO. It plans to trade on the Nasdaq under ticker symbol GBIM, with Aegies Capital serving as underwriter. The company pulled a prior IPO registration last fall, citing “market conditions.” That offering was to be lead underwritten by Wells Fargo and Jefferies. Shareholders include Celgene International), HealthCare Ventures, Morgenthaler Ventures, Wexford Capital, Sequel Ventures, Lilly Ventures and Medica Venture Partners. www.globeimmune.com

GoDaddy
, a Scottsdale, Ariz.-based provider of domain name registration and Web hosting services, is preparing to file for an IPO, according to the NY Times. The company was acquired for $2.25 billion in 2011 by an investor consortium that included KKR, Silver Lake and Technology Crossover Ventures. www.godaddy.com

Just Eat, a UK-based online food ordering company, is prepping to raise £100 million via an IPO on the London Stock Exchange. The FT reports that it would seek a valuation of between £700 million and £900 million. Just East has raised nearly $90 million in VC funding from Index Ventures, Greylock Partners, Redpoint Ventures, Vitruvian Partners, Forum Synergies and Axon Partners Group.www.justeat.com

Labelux, the Swiss owner of luxury brands like Jimmy Choo and Bally, has begun talking with bankers about a possible 2014 IPO, according to The Sunday Times. www.labeluxgroup.com

Trinseo SA
, a Berwyn, Penn.-based specialty polymers and plastics company owned by Bain Capital,, has filed for a $200 million IPO. It plans to trade under ticker symbol TSE, with Goldman Sachs listed as left lead underwriter (12 banks listed overall). The company reports a $22 million net loss on $5.3 billion of revenue for 2013, compared to $30 million in net income on $5.45 billion in revenue for 2012. www.styron.com

Weibo Corp.
, a Chinese social media platform, has filed for a $500 million IPO in the U.S. Goldman Sachs (Asia) and Credit Suisse are serving as lead underwriters. The company reports a $38 million net loss on $188 million in revenue for 2013, compared to a $102 million net loss on $66 million in revenue for 2012. SINA Corp. (Nasdaq: SINA) holds a 77.6% pre-IPO stake. www.weibo.com

M&A

Vodafonehas agreed to acquire Spanish cable company Ono for €7.2 billion (including €3.3b in assumed debt). Sellers will include Providence Equity Partners, Thomas H. Lee Partners, CCMP Capital Advisors and Quadrangle Group. www.vodafone.com

RWE AG has preliminarily agreed to sell its oil and natural gas unit (RWE Dea) to LetterOne Group, an investment platform formed by Russian billionaires Mikhail Fridman and German Khan, for approximately $7 billion. www.rwe.com

Tableau Software Inc. (NYSE: DATA), a Seattle-based provider of enterprise data analytics software, has filed for a $345 million secondary public offering. Goldman Sachs and Morgan Stanley will serve as lead underwriters. The company’s stock closed trading last Friday at $89.15 per share. Shareholders include New Enterprise Associates (17.4% stake) and Meritech Capital Partners (6.5% stake). www.tableau.com

Wix.com (Nasdaq: WIX) has acquired Appixia, an Israeli platform for building native mobile commerce apps. No financial terms were disclosed. www.appixia.com

Royal Philips NV has agreed to acquire a 51% stake in General Lighting Co., a Saudi Arabian lighting company, for $235 million. Sellers include The Carlyle Group, Hejailan Group and Alliance Holding Ltd.www.carlyle.com

Quinpario Acquisition Corp. (Nasdaq:QPAC) has agreed to acquire Jason Inc., a Milwaukee–based manufacturer of products for finishing, seating, components, and automotive acoustics markets, from Saw Mill Capital and Falcon Investment Advisors. The deal is valued at approximately $539 million.www.jasoninc.com

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