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FinanceTerm Sheet

Deals of the day: Aeroflex bought for $1.5 billion

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 20, 2014, 10:39 AM ET

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Venture Capital Deals

Centrify Corp., a Sunnyvale, Calif.-based provider of security and compliance solutions for both on-premise and cloud-based systems and applications, has raised $42 million in fifth-round funding fromSamsung Ventures, Fortinet Inc. and Docomo Capital. The company previously raised around $52 million from Index Ventures,  Mayfield Fund, Accel Partners, Invesco Private Capital and Sigma Partners. www.centrify.com

Kymab
, a UK-based monoclonal antibody biopharma company, has raised $40 million in Series B funding. The Bill & Melinda Gates Foundation was joined by return backer The Wellcome Trust. www.kymab.com

Sumo Logic
, a Mountain View, Calif.-based machine data analytics company, has raised $30 million in new VC funding. Sequoia Capital led the round, and was joined by return backers Greylock Partners, Sutter Hill Ventures and Accel Partners. The company previously raised $50.5 million. www.sumologic.com

Captora
, a Mountain View, Calif.-based adaptive marketing startup, has raised $22 million in Series B funding. New Enterprise Associates led the round, and was joined by return backer Bain Capital Ventures. www.captora.com

Jibe Inc.
, a New York-based provider of loud-based recruiting technology solutions, has raised $20 million in Series C funding. SAP Ventures led the round, and was joined by return backers Polaris Partners, DFJ, Gotham Ventures, Longworth Venture Partners and Thrive Capital. www.jibe.com

Earnest
, a San Francisco-based “loan program for financially responsible graduating students and young professionals,” has raised $15 million in new VC funding. Backers include Andreessen Horowitz, Atlas Venture, Collaborative Fund, First Round Capital and Maveron. www.meetearnest.com

ALung Technologies Inc.
, a Pittsburgh-based developer of extracorporeal CO2 removal technologies for patients with acute respiratory failure, has raised $10 million in new VC funding. No investor information was disclosed. Existing shareholders include Allos Ventures, West Capital Partners, Birchmere Ventures, BlueTree Capital Group, PLSG Accelerator Fund and Smithfield Trust Co. www.alung.com

Survios
, a Los Angeles–based technology platform “to bring full-body motion technology into the virtual reality fold,” has raised $4 million in Series A funding. Shasta Ventures led the round, and was joined by Felicis Ventures and Gen Isayama of World Innovation Lab. www.survios.com

LuckyFish Games
, an Israeli developer of luck-based social games for mobile devices and social networks, has raised $1.6 million in Series A funding from Carmel Ventures. www.luckyfishgames.com

Indiegogo
, a San Francisco-based crowdfunding platform, has raised an undisclosed amount of new VC funding from Richard Branson, Max Levchin, Megan Smith and Maynard Webb. The company previously raised over $50 million from VC firms like Insight Venture Partners, MHS Capital, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Metamorphic Ventures and ff Venture Capital. www.indiegogo.com

Tripping, a San Francisco-based metasearch site for vacation rentals, has raised an undisclosed of Series A funding co-led by RGIP Fund and Quest Venture Partners. www.tripping.com

Private Equity Deals

Hi-Tech Holdings LLC, a Schiller Park, Ill.-based portfolio company of May River Capital, has acquired a majority stake in GCM, a Union City, Calif.-based supplier of contract manufacturing services to leading OEMs in the medical, industrial, transportation, and aerospace sectors. No financial terms were disclosed. GCM also has a facility in Dongguan, China. www.hi-tech-mfg.com

Lone Star Funds and J.P. Morgan are in the “final stages” of buying a portfolio of Spanish property loans from Commerzbank (DB: CBK) for upwards of €3.9 billion, according to Reuters. www.commerzbank.com

New Heritage Capital
 has sponsored a management-led equity recap of EPTAM Plastics Ltd., a Northfield, N.H.-based fabricator of precision machined plastic components. No financial terms were disclosed. www.eptam.com

Treasury Wine Estates (ASX: TWE), an Australian winemaker, has rejected a $2.8 billion takeover offer from Kohlberg Kravis Roberts & Co. www.tweglobal.com

IPOs

GoPro Inc., a Half Moon Bay, Calif.-based camera maker, announced that it has filed for a $100 million IPO (almost certainly a placeholder figure). It plans to trade on the Nasdaq under ticker symbol GPRO, with J.P. Morgan listed as left-lead underwriter (9 total banks listed). The company reports $61 million of net income on $986 million in 2013 revenue, compared to $32 million of net income on $526 million in 2012. Q1 2014 results, however, were lower than Q1 2013 results. Shareholders include Riverwood Capital (16.27% pre-IPO stake), Foxconn International (10.38%), Sageview Capital (6.15%), Steamboat Ventures, Walden International and U.S. Venture Partners. www.gopro.com

Amphastar Pharmaceuticals Inc., a Rancho Cucamonga, Calif.-based developer of generic and proprietary injectable and inhalation products, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol AMPH, with Jefferies, BMO Capital Markets and Piper Jaffray serving as lead underwriters. The company reports $11.8 million of net income on $230 million in revenue for 2013. Shareholders include Applied Physics & Chemistry Laboratories Inc. (19.67% pre-IPO stake) and Coller Partners (8.6%). www.amphastar.com

Ardelyx Inc., a Fremont, Calif.-based developer of non-absorbed small molecules, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol ARDX, with Citigroup and Leerink Partners serving as lead underwriters. The company reports $6.5 million of net income on $25 million in revenue for 2013. The company has raised over $30 million in VC funding from New Enterprise Associates  (45.89% pre-IPO stake), CMEA Capital (28.72%) and Amgen Ventures (6.03%). www.ardelyx.com

Kite Pharma Inc
., a Los Angeles-based developer of targeted immunotherapies for cancer, has filed for a $115 million IPO. It plans to trade on the Nasdaq under ticker symbol KITE, with Jefferies, Credit Suisse and Cowen & Co. serving as lead underwriters. The pre-revenue company has raised around $35 million in VC funding from David Bonderman (9.2% pre-IPO stake), Pontifax (8.5%), Alta Partners (8.3%) and Commercial Street Capital (7.3%). www.kitepharma.com

Parnell Pharmaceuticals
, an Australian animal pharma company, has filed for a $57.5 million IPO. It plans to trade on the Nasdaq under ticker symbol PARN, with Jefferies and Piper Jaffray serving as lead underwriters. www.parnellpharm.com

M&A

Cobham PLC (LSE: COB) has agreed to acquire Aeroflex Holding Corp. (NYSE:ARX), a Plainview, N.Y.–based provider of microelectronic components and test and measurement equipment. The deal is valued at approximately $1.46 billion (including $540m of assumed debt), or $10.50 per share (26.1% premium over last Friday’s closing price). www.aeroflex.com

PubMatic, a Redwood City, Calif.-based programmatic ad platform, has acquired Mocean Mobile(f.k.a. Mojiva), a New York–based mobile ad server for publishers. No financial terms were disclosed. PubMatic has raised over $75 million in VC funding from such firms as August Capital, DFJ, Helion Ventures, Nexus Venture Partners and Nokia Growth Partners. Mocean had raised $45 million in VC funding from such firms Bertelsmann Digital Media Investments, Shamrock Capital Advisors and Pelion Venture Partners. www.pubmatic.com

RSA Insurance Group PLC (LSE: RSA) has agreed to sell its majority stake in Canadian brokerageNoraxis Capital Corp. to Arthur J. Gallagher & Co. (NYSE: AJG) for C$500 million. www.noraxis.com

Avista Capital Partners has hired Berkery Noyes to find a buyer for InvestorPlace, a Rockville, Md.-based financial news and investing site, according to peHUB. www.investoplace.com

BC Partners is considering a sale process for Spotless Group, an Australian cleaning and catering company, according to Les Echos. The deal could be worth between €900 million and €1 billion. Prior reports suggested that BC Partners was prepping an IPO for Spotless Group. www.spotless.com.au

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By Dan Primack
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