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Deals of the day: Motorola selling enterprise biz

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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April 15, 2014, 5:45 PM ET

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Venture Capital Deals

SilverRail, a Woburn, Mass.-based developer of passenger rail search and distribution technologies, has raised $40 million in Series C funding. Mithril Capital Management led the round, and was joined by return backers Canaan Partners, Sutter Hill Ventures and Brook Ventures. www.silverrailtech.com

Avvo
, a Seattle-based online marketplace for legal advice, has raised $37.5 million in Series D funding.Coatue Management led the round, and was joined by return backers Benchmark, DAG Ventures and Ignition Partners. www.avoo.com 

Betterment
, a New York-based online platform for personal investment management, has raised $32 million in Series C funding. Northwestern Mutual Capital led the round, and was joined by Citi Ventures, Globespan Capital Partners and return backers Bessemer Venture Partners, Menlo Ventures and Anthemis Group. Read more at Fortune.

LearnVest, a New York-based personal finance platform, has raised $28 million in new VC funding.Northwestern Mutual Capital led the round, and was joined by return backers Accel Partners and American Express Ventures. www.learnvest.com 

ItsOn
, a Redwood City, Calif.-based provider of a cloud-based mobile services platform, has raised $12.5 million in Series C funding. Tenaya Capital led the round, and was joined by return backer 
Andreessen Horowitz. www.itsoninc.com  

AAVLife
, a Paris-based gene therapy company focused on rare diseases like Friedreich’s ataxia, has raised $12 million in Series A funding. Versant Ventures led the round, and was joined by Inserm Transfert Initiative. www.aavlife.com

Manicube
, a New York-based provider of in-office manicures and pedicures, has raised $5 million in VC funding from Bain Capital Ventures and F Cubed. Read more at Fortune.

ezCater
, a Boston-based online marketplace for catering, has raised $4 million in new VC funding from Breton Capital Management, LaunchPad and individual angels. www.ezcater.com

StarWind Software Inc.
, a Wakefield, Mass.-based provider of storage virtualization solutions, has raised $3.25 million in Series B funding. Almaz Capital led the round, and was joined by ABRT and AVentures Capital. www.starwindsoftware.com 

GreatsBrands
, a Brooklyn, N.Y.-based maker and direct seller of men’s sneakers, has raised $1.5 million in VC funding. Resolute Ventures led the round, and was joined by High Peaks Venture Partners and individual angels. www.greatsbrands.com

Gusto, an Indianapolis-based email and file organization app, has raised $1.3 million in new VC funding led by Elevate Ventures. www.gustoemail.com

Private Equity Deals

Arsenal Capital Partners has acquired Synchrogenix, a Wilmington, Del.-based provider of regulatory writing and related services that will be merged into existing Arsenal portfolio companyCertera. No financial terms were disclosed. www.synchrogenix.com 

KPS Capital Partners
 has agreed to acquire Anchor Glass Container Corp., a Tampa, Fla.-based maker of glass packaging products for the beer, liquor, food, beverage and ready-to-drink end markets. No financial terms were disclosed. The seller is Ardagh Holdings USA Inc. www.kpsfund.com

Onex Corp.
 and Cineplex have “emerged as the leading contender” to buy Dave & Buster’s, the Dallas-based restaurant and arcade chain currently owned by Oak Hill Capital Partners, according to the WSJ. The Onex and Cineplex bid reportedly values Dave & Buster’s at more than $1 billion.www.daveandbusters.com

Packaging Dynamics Corp.
, a portfolio company of Kohlberg & Co., has acquired the business operations of Pac Paper Inc., a Vancouver, Wash.-based maker of specialty paper packaging products. No financial terms were disclosed. www.pacpaperinc.com

Seven Energy
, a Nigerian oil and gas company, has raised $255 million in private equity funding fromTemsaek and the International Finance Corp. www.sevenenergy.com

Truven Health Analytics, a portfolio company of Veritas Capital, has acquired Simpler Consulting, a Bloomfield, Iowa–based provider of lean enterprise transformation services. No financial terms were disclosed. www.simpler.com 

IPOs

Angion Biomedica Corp., a Uniondale, N.Y.-based developer of therapeutics for treating acute and chronic organ injury, has filed for a $34.5 million IPO. It plans to trade on the Nasdaq under ticker symbol ANGN, with Aegis Capital Corp. serving as underwriter. www.angion.com

Paycom Software Inc.
, an Oklahoma City-based provider of human capital management SaaS solutions, raised $100 million in its IPO. The company priced 6.6 million shares at $15 per share (below $18-$20 offering range), for an initial market cap of approximately $755 million. The company will trade on the NYSE under ticker symbol PAYC, while Barclays and J.P. Morgan served as lead underwriters. Paycom reports $7.7 million in net income on around $108 million in revenue for 2013, compared to $4.2 million of net income on $77 million in revenue for 2012. Welsh, Carson, Anderson & Stowe holds a 56.6% pre-IPO ownership stake. www.paycomonline.com

Quotient Ltd., a UK-based provider of transfusion diagnostics solutions, has cut its IPO pricing range from $14-$16 per share to $9-$11 per share. It still plans to offer 5 million shares, and trade on the Nasdaq under ticker symbol QTNT. UBS, Baird and Cowen & Co. are serving as lead underwriters. The company reports a $4.5 million net loss on around $14 million in 2013 revenue. Galen Partners holds a 51.3% pre-IPO stake in the company. www.quotientbd.com

M&A

Motorola Solutions Inc. (NYSE: MSI) has agreed to sell its enterprise business to Zebra Technologies Corp. (Nasdaq: ZBRA) for $3.45 billion in cash. www.zebra.com 

Aaron’s Inc. (NYSE: AAN) has acquired Progressive Finance Holdings LLC, a merchandise lease-to-own company, from Summit Partners for approximately $700 million. Aaron’s also announced that it will reject an unsolicited buyout offer from Vintage Capital Management, which currently holds a 10.11% stake in the company. www.aarons.com

DSW Inc. (NYSE: DSW) has agreed to acquire a 44% stake in Canadian footwear retailer Town Shoes for C$68 million. The seller is Alberta Investment Management, which will retain a stake in Town Shoes, alongside Callisto Capital. www.dsw.com

Twitter (NYSE: TWTR) has acquired Gnip, a San Francisco-based provider of social data (and a longstanding Twitter partner). No financial terms were disclosed. Gnip has raised around $6 million in VC funding from Foundry Group, SoftTech VC and First Round Capital. www.gnip.com

Bazaarvoice Inc. (Nasdaq: BV) has acquired FeedMagnet, an Austin, Texas–based social media curation company, for $9 million in cash. www.bazaarvoice.com 

Endurance Specialty Holdings (NYSE: ENH) has made an unsolicited $3.2 billion takeover offer for insurance and reinsurance company Aspen Insurance Holdings (NYSE: AHL). The cash and stock offer represents a 21% premium to Aspen’s closing price on Friday. www.aspen.bm

Google Inc.
 (Nasdaq: GOOG) has acquired Titan Aerospace, a Moriarty, N.M.-based maker of solar-powered atmospheric satellites. No financial terms were disclosed. www.titanaerospace.com

Juniper Networks
 (NYSE: JNPR) is considering a sale of its Junos Pulse mobile security business, according to Reuters. The possible divestiture comes as Juniper is under pressure by shareholder Elliott Management. www.juniper.net

Koppers Holdings Inc. (NYSE: KOP) has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings Inc. for $460 million. www.osmose.com

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

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