Deals of the day: BWAY on the block


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Venture Capital Deals

Attensity, a Palo Alto, Calif.-based provider of social CRM solutions, has raised $90 million in new VC funding. No investor information was disclosed.

Addepar, a Mountain View, Calif.-based financial technology platform for the investment management market, has raised $50 million in Series C funding. Yammer founder David Sacks and Valor Equity Partners co-led the round, and were joined by Formation 8 Partners.

Sift Science
, a machine learning startup focused on digital fraud prevention, has raised $18 million in Series B funding. Spark Capital led the round, and was joined by return backers First Round Capital and Union Square Ventures.

y, a German online marketplace for peer-to-peer loans, has raised $16 million in new VC funding. Foundation Capital led the round, and was joined by Partech International, Scott Bommer and return backers Index Ventures and Union Square Ventures.

, an Orlando, Fla.-based provider of cloud-based compliance and document management software, has raised an undisclosed amount of growth equity funding from Ballast Point Ventures. An SEC filing suggests that the company raised around $5.3 million.

Lysosomal Therapeutics Inc.
, a Cambridge, Mass.-based drug company that leverages lysosomal biology to find treatments for neurodegenerative diseases, has raised $4.8 million in seed funding. Atlas Venture led the round, and was joined by Hatteras Venture Partners, Lilly Ventures, Sanofi-Genzyme BioVentures, Roche Venture Fund and Partners Innovation Fund.

, an Israel-based provider of SaaS predictive analytics solutions that help B2B companies increase revenue, has raised $4.1 million in Series A funding. Backers include Yandex and KGC Capital.

SolveBio, a big data platform for genomic information, has raised $2 million in VC funding from Andreessen Horowitz, Max Levchin and SV Angel.

Private Equity Deals

Bregal Partners has committed $100 million to a new consumer brand acquisition platform being led by Michael Magerman, former CEO of Odyssey Sports, Bravo Sports and Quickie Manufacturing (acquired by Jarden Corp. in 2010). Magerman also has been named a senior advisor to Bregal.

Clearlake Capital Group has agreed to acquire ConvergeOne, an Eagan, Minn.–based provider of enterprise communications solutions and managed services, from Genstar Capital. No financial terms were disclosed, except that Credit Suisse and BMO Capital Markets provided debt financing.

DealerSocket Inc., a San Clemente, Calif.–based provider of SaaS enterprise relationship management solutions to the retail and independent auto market, has raised an undisclosed amount of private equity funding from Vista Equity Partners.

EQT Partners has acquired around a 15% stake in Swedish candy company Candyking. No financial terms were disclosed.

Warburg Pincus is nearing a deal to buy part of a 50% stake in Banco Santander’s (CATS: SAN) securities custody business, according to a Spanish media report. The overall position could be worth upwards of €1 billion.

Winona Capital Management and Revelry Brands have invested an undisclosed amount into I and love and you, a Boulder, Colo.-based maker of premium natural pet care products.

Wynnchurch Capital has acquired out of bankruptcy the assets of Indiana Limestone Co., an Oolitic, Ind.-based dimensional limestone quarrier and fabricator.


American Tire Distributors Inc., a Huntersville, N.C.-based tire distributor, is “exploring” an IPO that could value the company at more than $2.5 billion, according to Reuters.

Bankwell Financial
, a New Canaan, Conn.-based commercial bank with seven locations, has amended its IPO terms to 2.7 million shares at between $18 and $19 per share, compared to earlier plans to offer 2.2 million shares at between $21 and $24 per share. It also said that company management plans to purchase $8.4 million worth of shares via the offering. Bankwell plans to trade on the Nasdaq under ticker symbol BWFG, with Sandler O’Neill + Partners serving as underwriter.

Heritage Insurance Holdings LLC
, a Clearwater, Fla.-based property and casualty insurance holding company, has set its IPO to 6 million shares being offered at between $14 and $16 per share. It plans to trade on the NYSE under ticker symbol HRTG, with Citigroup serving as lead underwriter. Heritage also announced that Ananke Re Ltd. would purchase around 1082 76806839 $10 million worth of shares in a private placement concurrent to the IPO. The company reports $34 million of net income on $124.8 million in 2013 revenue.

ServisFirst Bancshares
, a Birmingham, Ala.-based commercial bank with 12 branches, raised $57 million in its IPO. It priced 625,000 shares at $91 per share (low end of $91-$93 range), and will trade on the Nasdaq under ticker symbol SFBS. Sandler O’Neill + Partners served as lead underwriter.

Victory Electronic Cigarettes Corp., a Nunica, Mich.-based maker of e-cigarette products, has filed for a $149.5 million IPO. It plans to trade on the Nasdaq under ticker symbol ECIG, with Wells Fargo and Canaccord Genuity serving as lead underwriters. The company’s shares currently are traded on the OTC.


Platinum Equity is prepping an auction for BWAY Corp., an Atlanta–based maker of rigid metal and plastic containers that it acquired from Madison Dearborn Partners in late 2012 for $1 billion, according to Reuters. The new deal reportedly could be worth around $2 billion.

Fortress Investment Group is prepping a $4.7 billion bid for Manhattan apartment complexStuyvesant Town-Peter Cooper Village, whose owners defaulted on their $3 billion mortgage in 2011, according to Bloomberg. The deal likely would include other equity partners.

Yahoo (Nasdaq: YHOO) has acquired Blink, a provider of self-destructing mobile text and photo messages. No financial terms were disclosed.

London Broadcasting Co, a Dallas-based portfolio company of SunTx Capital Partners, has agreed to sell six Texas-based television stations to Gannett Co. Inc. (NYSE: GCI) for $215 million in cash.

Oak Hill Capital Partners is seeking a buyer for The Hillman Cos., a Cincinnati-based maker of bolts and other hardware and home improvement products, according to The FT. A sale could be valued at between $1.2 billion and $1.4 billion.

Terra Firma Capital Partners is considering exit options for Ireland-based aircraft lessor Awas Aviation Capital Ltd., including a possible sale or IPO, according to Bloomberg.

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