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Deals of the day: Hortonworks raises $100 million

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
March 25, 2014, 2:45 PM ET

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Venture Capital Deals

Hortonworks Inc., a Sunnyvale, Calif.-based provider of Hadoop database software, has raised $100 million in fourth-round funding. BlackRock and Passport Capital co-led the round, and were joined by return backers Dragoneer, Benchmark, Tenaya Capital, Index Ventures and Yahoo.www.hortonworks.com

Axonics Modulation Technologies Inc., an Irvine, Calif.-based developer of implantable neuromodulation technology, has raised $32.6 million in Series A funding. Edmond de Rothschild Investment Partners led the round, and was joined by NeoMed Management, Legend Capital and individual angels.

Vend, a New Zealand-based provider of online point-of-sale software, has raised $20 million in new VC funding co-led by Valar Ventures and Square Peg Capital (Australia). www.vendhq.com

Demandbase Inc., a San Francisco-based B2B targeting and personalization company, has raised $15 million in new VC funding. Greenspring Associates led the round, and was joined by return backers Scale Venture Partners, SigmaWest, Altos Ventures, Costanoa Ventures and Adobe Ventures.www.demandbase.com

Hired, a San Francisco-based two-sided tech talent marketplace, has raised $15 million in Series A funding. Crosslink Capital and Sierra Ventures co-led the round, and were joined by SoftTech VC and Sherpa Ventures. www.hired.com

Amplidata
, a provider of object-based software defined storage, has raised $11 million in new VC funding. Intel Capital led the round, and was joined by return backers Endeavor Vision, Hummingbird Ventures, Quantum and Swisscom Ventures. Amplidata has offices in both Belgium and Milpitas, California. www.amplidata.com

Clever, a San Francisco-based K-12 education technology platform, has raised $10.3 million in Series A funding. Sequoia Capital led the round, and was joined by individual investors Paul Graham, Sam Altman and Deborah Quazzo. www.clever.com

TakeLessons, a San Diego-based online marketplace for private lessons, has raised $7 million in new VC funding. Lightbank led the round, and was joined by Moore Venture Partners and return backers Crosslink Capital, SoftTech VC and Triangle Peak Partners. www.takelessons.com

SmartAsset, a New York-based provider of platform that provides personalized answers to complex financial questions, has raised $5.2 million in Series A funding led by Javelin Venture Partners.www.smartasset.com

KinDex Pharmaceuticals, a Seattle-based developer of molecules that modulate key regulatory networks associated with obesity, inflammation and chronic disease, has raised $5 million in Series A funding led by Polaris Partners. www.kindexus.com

Forter
, a Tel Aviv-based provider of antifraud solutions for ecommerce retailers, has raised $3 million in Series A funding from Sequoia Capital. www.forter.com

Private Equity Deals

BC Partners and Insight Venture Partners have agreed to acquire CarTrawler, an Ireland–based online car rental company, from ECI Partners. No financial terms were disclosed, although earlier reports suggested that the deal would be valued at of £500 million. BC Partners will hold a majority stake, while Insight will hold a minority position. www.cartrawler.com


Bain Capital has agreed to acquire Brazilian health insurance company Intermedica. No financial terms were disclosed, although the WSJ prices the deal at approximately $851 million.www.intermedica.com.br

CVC Capital Partners has acquired Synsam Nordic, an optical retailer in the Nordic region, fromAlipes AB. No financial terms were disclosed. www.synsam.se

The Carlyle Group is offering between a 3%-4% discount to a previously-agreed upon sale price of its stake in Turkish healthcare provider Medical Park to Turkven Private Equity, according to the WSJ. No financial terms were ever disclosed. The report suggests the renegotiations opened because “Turkey’s recent currency depreciation threatened Turkven’s profit.” www.carlyle.com

EMF Capital Partners
 has agreed to acquire Aviva Sigorta, the Turkish unit of British insurer Aviva PLC (LSE: AV). No financial terms were disclosed. www.emfcp.com

Golden Gate Capital has acquired a majority stake in LiveVox Inc., a San Francisco–based provider of cloud-based contact center software and solutions for business process outsourcers and enterprise clients. No financial terms were disclosed. www.livevox.com

Hanco (Saudi Arabia) and Venture Capital Bank (Bahrain) have agreed to acquire Saudi Arabian auto and equipment leasing company Byrne Investments for approximately $163 million. Sellers includeHavenvest Private Equity Middle East and HSBC Bank Middle East.

PineBridge Investments Middle East has acquired a 50% stake in Romatem, a Turkish physical therapy and rehabilitation services chain. No financial terms were disclosed. www.pinebridge.com

Sentinel Capital Partners has acquired the parent company of Newk’s Eatery, a Jackson, Miss.-based fast-casual restaurant chain. No financial terms were disclosed. Arlington Capital Advisors managed the process. www.newkscafe.com

Triton has agreed to acquire Cubility AS, a Norwegian developer of a solids control and waste management system for oil drilling operations, from Energy Ventures. No financial terms were disclosed. www.cubility.no

IPOs

Box, a provider of cloud-based content management and file-sharing, has filed for a $250 million IPO. It plans to trade on the NYSE under ticker symbol BOX, with Morgan Stanley, Credit Suisse and J.P. Morgan listed as lead underwriters. The company reports a $169 million net loss on $124 million in revenue for the year ending January 31, 2013. Draper Fisher Jurvetson holds a 25.5% pre-IPO stake. Read more.

IMS Health, a Danbury, Conn.-based provider of healthcare IT solutions, has set its IPO terms to 65 million shares being offered at between $18 and $21 per share. It would have an initial market cap of around $6.47 billion, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol IMS, with Goldman Sachs, J.P. Morgan and Morgan Stanley serving as lead underwriters. It reports $82 million in net income on $2.54 billion of revenue for 2013, compared to a $42 million net loss on $2.44 billion in revenue for 2012. IMS was acquired for around $5.2 billion in early 2010 by TPG Capital (62.1% pre-IPO stake), the Canada Pension Plan Investment Board(26.1%) and Leonard Green & Partners (10.7%). www.imshealth.com

ServiceMaster Global Holdings, a Memphis, Tenn.-based provider of residential and commercial services like pest prevention (Terminix) and lawn-care (TruGreen), has filed for a $100 million IPO. It plans to trade under ticker symbol SERV, with J.P. Morgan serving as left lead underwriter. Shareholders include Clayton, Dubilier & Rice (65.7% pre-IPO stake), StepStone Group (14.39%),J.P. Morgan Chase (7.25%) and Ridgemont Partners (5.44%). www.servicemaster.com

M&A

The Walt Disney Co. (NYSE: DIS) has agreed to acquire YouTube studio Maker Studios. The deal is valued at $500 million, plus another $450 million in potential earn-outs. Maker Studios has raised more than $60 million in VC funding, from such backers as Time Warner Investments, Upfront Ventures, Greycroft Partners, Downey Ventures, Canal+ (France), Astro (Malaysia) and SingTel Innov8 (Singapore). www.makerstudios.com

Palo Alto Networks (Nasdaq: PANW) has agreed to acquire Cyvera, a Tel Aviv-based cybersecurity startup, for approximately $200 million. Cyvera has raised around $13 million in VC funding from Battery Ventures, Blumberg Capital and EMC Corp. www.cyvera.com

Hanco (Saudi Arabia) and Venture Capital Bank (Bahrain) have agreed to acquire Saudi Arabian auto and equipment leasing company Byrne Investments for approximately $163 million. Sellers includeHavenvest Private Equity Middle East and HSBC Bank Middle East.

Centrica PLC (LSE: CAN) is leading an acquisition of state-owned Irish energy business Bord Gáis Éireann for €1.1 billion. Centrica’s partners on the deal are Brookfield Renewable Energy Partnersand iCON Infrastructure Partners. Centrica will acquire BGE’s gas and electricity supply business in Ireland and the Whitegate gas-fired power station, while Brookfield will acquire BGE’s firmus energy supply and regulated gas distribution assets in Northern Ireland. Brookfield will acquire BGE’s renewable generation assets. www.centrica.com

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