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Deals of the day: JPMorgan backs Motif Investing

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 8, 2014, 1:31 PM ET

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Venture Capital Deals

Netshoes, a Brazilian e-commerce company focused on sporting goods, has raised approximately $180 million in new equity funding. GIC led the round, investing just over half the total for a minority stake. It was joined by Iconic Ventures, Kaszec Ventures and return backers Tiger Global and Temasek Holdings. www.netshoes.com.br

Flatiron Health, a New York-based developer of a cloud platform for oncology clinical, practice management and billing data, has raised $130 million in Series B funding. Google Ventures led the round, and was joined by fellow return backers First Round Capital and LabCorp. Andrew Conrad, a director at Google(X) will join the Flatiron Health board of directors. In related news, Flatiron has agreed to acquire electronic medical record system maker Altos Solutions Inc. www.flatiron.com

Motif Investing, a San Mateo, Calif.-based platform for “ideas-based” investing, has raised $35 million in new VC funding. JPMorgan Chase & Co., Wicklow Capital and Balderton Capital were joined by return backers Goldman Sachs, Foundation Capital, Ignition Partners and and Norwest Venture Partners. The company also announced a new wealth management services for retail investors and advisors. www.motifinvesting.com

Arcadia Biosciences Inc., a Davis, Calif.-based developer of “agricultural products that benefit the environment and human health,” has raised $33 million in Series D funding. Mandala Capital led the round, and was joined by return backers like CMEA Capital, BASF Venture Capital, and Saints Capital. Piper Jaffray served as placement agent. Arcadia Biosciences has now raised $101 million in total VC funding. www.arcadiabio.com

Udemy, a San Francisco-based online education marketplace, has raised $32 million in Series C funding. Norwest Venture Partners has led the round, and was joined by return backers Insight Venture Partners and MHS Capital. www.udemy.com

EndoGastric Solutions, a Redwood City, Calif.-based provider of endoluminal treatment solutions for gastric reflux, has $30 million in Series G funding. Return backers include Advanced Technology Ventures, Canaan Partners, Chicago Growth Partners, De Novo Ventures, Foundation Medical Partners, Oakwood Medical Investors and Radius Ventures. www.endogastricsolutions.com

Counsyl, a South San Francisco-based personalized genomics information platform, has raised $28 million in Series D funding co-led by Rosemont Seneca Technology Partners and Goldman Sachs Asset Management. www.counsyl.com

Talenthouse, a Los Angeles-based artist networking platform, has raised $10 million in strategic funding from ProSiebenSat1. www.talenthouse.com

LiquidPlanner, a Seattle-based provider of priority-based, predictive project management solutions, has raised $8 million in Series B funding from TVC Capital. www.liquidplanner.com

Hassle.com
, an online marketplace for home-cleaning services, has raised $6 million in Series A funding from Accel Partners. www.hassle.com

Delectable, a San Francisco-based mobile app for discovering and buying wines, has raised $3 million in Series A funding. Backers include Deep Fork Capital, DN Capital, Ceyuan Ventures, David Sacks, Max Levchin, Joe Lonsdale and Gary Vaynerchuk. www.delectable.com

Bulu Box, a Lincoln, Neb.-based vitamin and supplement sample subscription company , has raised more than $2 million in Series A-1 funding. Dundee Venture Capital led the round, and was joined by Midwest Venture Alliance, Mid-American Angels Investments and Two Bridges Capital. www.bulubox.com

Colabo, a San Mateo, Calif.-based provider of B2B sales acceleration solutions, has raised $1.5 million in VC funding from The Hive, Paul Maritz, Raghu Raghuram and Ray Rothrock. www.colabo.com

Private Equity Deals

GI Partners is in “advanced talks” to acquire Peak 10 Inc., a Charlotte, N.C.-based provider of IT infrastructure, from Welsh, Carson, Anderson & Stowe, according to Reuters. The deal could be valued at between $800 million and $900 million. www.peak10.com

Pembroke Resources Pty, a Sydney, Australia-based metallurgical coal mining company, has raised $200 million from Denham Capital Management. www.pembrokeresources.com.au

IPOs

21st Century Oncology, a Fort Myers, Fla.-based provider of radiation therapy and other services to cancer patients in the United States and Latin America, has set its IPO terms to 13.33 million shares being offered at between $14 and $16 per share.  It would have an initial market cap of approximately, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol ICC, with Morgan Stanley, J.P. Morgan and Wells Fargo serving as lead underwriter. 21st Century Oncology reports a $78 million net loss on $409 million in revenue for 2013, and is owned by Vestar Capital Partners. www.rtsx.com

GasLog Partners LP
, an LNG carrier operator owned by GasLog (NYSE: GLOG), raised $176 million in its IPO. The company priced 8.4 million shares at $21 per share (high end of $19-$21 range), and will trade on the NYSE under ticker symbol GLOP. Citigroup served as underwriter. www.gaslogltd.com

JP Energy Partners LP, an Irving, Texas-based midstream energy company owned by ArcLight Capital Partners, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol JPEP, with Barclays and BofA Merrill Lynch serving as lead underwriters. www.jpenergypartners.com

K2M Group Holdings Inc.
, a Leesburg, Va.-based developer of medical devices for spinal surgeries, raised around $132 million in its IPO. The company priced just over 8.8 million shares at $15 per share (below $16-$18 offering range), for an initial market cap of approximately $556 million. It will trade on the Nasdaq under ticker symbol KTWO, while Piper Jaffray, Barclays and Wells Fargo served as lead underwriters. K2M 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 (81.8% pre-IPO stake) and Ferrer Freeman & Co. (8.5%). www.k2m.com

Viper Energy Partners LP, a Midland, Texas-based oil and gas energy and production company focused on the Permian Basin, has filed for a $100 million IPO. It plans to on the Nasdaq under ticker symbol VNOM, with Barclays serving as underwriter. Viper Energy Partners is being spun out of Diamondback Energy(Nasdaq: FANG).www.diamondbackenergy.com

M&A

Bankrate Inc. (NYSE: RATE) has acquired Caring Inc., a San Mateo, Calif.-based online resource for senior care information and support. The deal is valued at $54 million in cash. Caring had raised over $20 million in VC funding from Intel Capital, Shasta Ventures, DCM and Split Rock Partners. www.caring.com

Citrix
 (Nasdaq: CTXS) has acquired ScaleXtreme, a San Mateo, Calif.-based provider of technologies for managing the lifecycle of enterprise applications and infrastructure across virtualization and cloud environments. No financial terms were disclosed. ScaleXtreme had raised VC funding from Accel Partners, RightVentures and Ignition Partners. www.citrix.com

Google
 (Nasdaq: GOOG) has acquired StackDriver, a Boston-based monitoring service for cloud-based apps. No financial terms were disclosed. Stackdriver had raised over $10 million in VC funding from Bain Capital Ventures and Flybridge Capital Partners. www.stackdriver.com

Highlander Partners
 has sold SensoryEffects,  a Bridgeton, Mo.-based maker of customized food and beverage ingredients and products, to Balchem Corp. (Nasdaq: BCPC) for $567 million. www.sensoryeffects.com

Lindsay Goldberg has pulled its auction process for portfolio company First American Payment Systems, a Fort Worth, Texas–based provider of payment processing services for small and mid-sized businesses, according to peHUB. The company had hired Goldman Sachs earlier this year to find a buyer that would pay upwards of $600 million. Lindsay Goldberg now plans to attempt a dividend recap. www.first-american.net

Mondelez International (Nasdaq: MDLZ) is spinning off its coffee business into a joint venture with Amsterdam-based D.E Master Blenders 1753, to create a company with more than $7 billion in annual revenue. www.demasterblenders1753.com

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By Dan Primack
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