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Deals of the day: Golden Gate buying Phillips-Medisize

By
Charles Lyons
Charles Lyons
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By
Charles Lyons
Charles Lyons
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May 7, 2014, 2:46 PM ET

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Venture Capital Deals

Maxta, a Sunnyvale, Calif.-based developer of VM-centric storage platforms, has raised $25 million in Series B funding. Tenaya Capital and Intel Capital co-led the round, and were joined by return backer Andreessen Horowitz. www.maxta.com

Igneous Systems, a Seattle-based data center infrastructure startup, has raised $23.6 million in Series A funding. Backers include New Enterprise Associates, Madrona Venture Group, Redpoint Ventures and Isilon co-founder Sujal Patel.

Metacloud Inc., a Pasadena, Calif.-based provider of private cloud solutions for large enterprises, has raised $15 million in Series B funding. Pelion Venture Partners, Silicon Valley Bank and UMC Capital were joined by return backers AME Cloud Ventures, Canaan Partners and Storm Ventures. www.metacloud.com

QPID Health, a Boston-based provider of clinical intelligence to healthcare providers, has raised $12.3 million in Series B funding led by New Leaf Venture Partners. www.qpidhealth.com

FRX Polymers Inc., a Chelmsford, Mass.-based developer of flame-retardant plastics, has raised $8 million in Series C-2 funding. PMV (Belgium) led the round, and was joined by existing shareholders like Evonik Venture Capital, DB Masdar Cleantech Fund and BASF Venture Capital. The company had raised $12 million in Series C-1 funding in December. www.frxpolymers.com

Vaurum, a Palo Alto, Calif.-based developer of bitcoin exchange software for financial institutions,, has raised $4 million in seed funding from Battery Ventures and individual angels like Tim Draper and Steve Case. www.vaurum.com

Boomlagoon, a Helsinki-based mobile gaming company, has raised $3.6 million in new Series A funding. Northzone Ventures led the round, and was joined by return backers Inventure and 360 Capital Partners. www.boomlagoon.com

TrademarkNow, a Finnish automated trademark search and risk analysis company, has raised $3.5 million in Series A funding led by Balderton Capital. www.trademarknow.com

Beauty Noted, a San Francisco-based crowdsourced platform for cosmetics recommendations, has raised $2.2 million in seed funding. Kortschak Investments led the round, and was joined by IDG Ventures and Crosslink Capital. www.beautynoted.com

HG Data, a Santa Barbara, Calif.-based provider of business intelligence solutions that aid tech companies with marketing and sales leads, has raised $2 million in new Series A funding from Rincon Venture Partners. The company previously raised $3.5 million from Epic Ventures and individual investors. www.hgdata.com

Private Equity Deals

ExamSoft, a Boca Raton, Fla.-based provider of educational assessment solutions, has raised an undisclosed amount of growth equity funding from Spectrum Equity. www.examsoft.com

Golden Gate Capital has agreed to acquire Phillips-Medisize Corp., a Hudson, Wis.-based healthcare contract manufacturer, from Kohlberg & Co. No financial terms were disclosed, but an earlier Reuters report suggested that the deal could be valued at around $800 million. www.phillipsmedisize.com

Graycliff Partners has acquired a majority stake in Ameritherm (a.k.a. Ambrell), a Scottsdale, N.Y.–based maker of precision induction heating products and systems. No financial terms were disclosed. Exium Partners participated as a co-investor. www.ameritherm.com

Network Merchants, a Roselle, Ill.-based provider of e-commerce payment gateways and services, has raised an undisclosed amount of growth equity funding from Great Hill Partners. Existing shareholders include Bregal Sagemount. www.nmi.com

Permira has agreed to acquire TeamViewer, a Germany–based provider of remote support software and online meetings, from GFI Software (NYSE: GFIS) for an undisclosed amount. www.teamviewer.com

Shearer’s Foods, a Brewster, Ohio-based portfolio company of Wind Point Partners and Ontario Teachers’ Pension Plan, have agreed to acquire Lance Private Brands, a white-labeled maker of cookies, crackers and wafers, from Snyder’s-Lance Inc. (Nasdaq: LNCE). www.shearersfoodsinc.com

IPOs

Jumei International Holding Ltd., a Chinese ecommerce company focused on beauty products, has set its IPO terms to 9.5 million shares being offered between $19.50 and $21.50 per share. It originally had filed to raise $400 million. The company will list on the NYSE under ticker symbol JME, with Goldman Sachs (Asia), Credit Suisse and J.P. Morgan serving as lead underwriters. Jumei reports $25 million in net income on $483 million in 2013 revenue, compared to $8 million in net income on $233 million in 2012 revenue. Shareholders include Sequoia Capital (18.7% pre-IPO stake) and Ventech China. www.jumei.com

M&A

AOL (Nasdaq: AOL) has agreed to acquire Convertro, a Santa Monica, Calif.-based provider of marketing optimization software, for $101 million (including $89m in cash). Convertro had raised more than $5 million in VC funding from DAG Ventures, Bessemer Venture Partners, Founder Collective and MHS Capital. www.convertro.com

Boston Scientific Corp. (NYSE: BSX) has agreed to acquire IoGyn Inc., a Cupertino, Calif.–based developer of hysteroscopic morcellator systems to remove uterine fibroids and polyps. Boston Scientific already held a 28% equity position in the company (plus around $8m of notes). Its purchase of the remaining 72% stake is valued at approximately $65 million in cash plus the repayment of outstanding debt. www.iogyn.com

Coinbase, a bitcoin digital wallet company, has acquired Kippt, a Y Combinator-backed content sharing and storage startup. No financial terms were disclosed. Coinbase has raised over $30 million from such firms as Union Square Ventures, Andreessen Horowitz and Ribbit Capital. www.coinbase.com

KPMG has acquired a majority of the assets of Southfield, Mich.-based restructuring advisory firm BBK for an undisclosed amount. www.kpmb.com

Telefónica (CATS: TEF) has offered to pay 725 million to increase its stake in Spanish pay-television company Digital Plus from 22% to 78%. The seller would be Promotora de Informaciones (CATS: PRS). www.prisa.es

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About the Author
By Charles Lyons
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