• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
FinanceTerm Sheet

Deals of the day: Pfizer is done with AstraZeneca

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 27, 2014, 5:16 PM ET
Add Fortune on Google for similar content.

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Venture Capital Deals

Apixio Inc., a San Mateo, Calif.-based provider of big data analytics for the healthcare market, has raised $13.5 million in new VC funding led by Bain Capital Ventures. www.apixio.com

Aver Informatics, a Green Bay, Wis.-based provider of a data management platform for the healthcare reimbursement process, has raised $8.5 million in Series A funding co-led by Drive Capital and GE Ventures. www.averinformatics.com

Malauzai Software Inc., an Austin, Texas-based provider of mobile banking apps for community financial institutions, has raised $6.48 million in Series C funding led by Wellington Management Company. www.malauzai.com

DelfMEMS, a French developer of RF MEMS switching solutions, has raised €5.4 million in Series C funding. FSN PME led the round, and was joined by Iris Capital, VIVES and Capitalaria.www.delfmems.com

WholeWorldBand, an Irish maker of a virtual music studio app that lets users collaborate with famous musicians, has raised €5 million in Series A funding led by IIU and Balderton Capital.www.wholeworldband.com

NEUWAY Pharma GmbH, a German developer of therapeutics for the treatment of orphan brain diseases, has raised €2.7 million in Series A funding led by Wellington Partners. www.wellington-partners.com

Private Equity Deals

Abraaj Group has acquired an undisclosed stake in KPN Academy, a Thai out-of-school education company, for an undisclosed amount. www.abraaj.com

Ahlstrom Capital
has agreed to acquire Destia, a Finnish road and railroad infrastructure construction company, from Finland’s government for €148 million. www.destia.fi

Apollo Global Management
has completed its previously-announced acquisition of Inglewood, Calif.-based Event Rentals Inc. via a bankruptcy auction. No financial terms were disclosed.www.classicpartyrentals.com

Pacific Equity Partners
has offered to acquire SAI Global Ltd. (ASX: SAI), an Australian provider of technical compliance standards, for upwards of $1.1 billion, as first reported by Reuters.www.saiglobal.com

R&R Ice Cream PLC
, a UK-based portfolio company of PAI Partners, has acquired Australian ice cream products company Peters Food Group Ltd. from Pacific Equity Partners. No financial terms were disclosed. www.rr-icecream.eu

Roberto Cavalli is in talks to sell a majority position in his eponymous Italian fashion brand toInvestcorp at an enterprise value of €450 million (including debt), according to the FT. That valuation would represent more than a 15x EBITDA multiple. Cavalli previously discussed a stake sale to Permira, but those talks fell through. www.robertocavalli.com

IPOs

Two companies are expected to price U.S. IPOs this week: First Foundation and Microlin Bio.
Arista Networks Inc., a Santa Clara, Calif.-based provider of cloud networking solutions, has set its IPO terms to 5.25 million shares being offered at between $36 and $40 per share. The company would have an initial market cap of around $2.43 billion, were it to price in the middle of its range. It plans to trade on the NYSE under ticker symbol ANET, with Morgan Stanley and Citigroup leading a 17-bank underwriter group. The company reports $42 million of net income on $361 million in revenue for 2013, compared to $21 million in net income on $193 million in revenue for 2012. Shareholders include Andy Bechtolsheim. www.aristanetworks.com

Angion Biomedica Corp., a Uniondale, N.Y.-based developer of therapeutics for treating acute and chronic organ injury, has set its IPO terms to 2.7 million shares being offered at between $10 and $12 per share. The company plans to trade on the Nasdaq under ticker symbol ANGN, with Aegis Capital Corp. serving as underwriter. www.angion.com

Braas Monier Building Group, a Luxembourg-based provider of roofing materials, is prepping a Frankfurt IPO for later this year, according to Bloomberg. Shareholders include Apollo Global Management, Towerbrook Capital Partners, BNP Paribas and York Capital Management. www.braas-monier.com

Clarus Therapeutics Inc., a Northbrook, Ill.-based developer of an oral testosterone replacement product, has refilled for an $86.25 million IPO. It had previously filed for an IPO in 2010, before withdrawing its registration the following year. The company now plans to trade on the Nasdaq under ticker symbol CLRS, with Citigroup and Credit Suisse serving as lead underwriters. Shareholders in the pre-revenue company include Thomas, McNerney & Partners (58.8% pre-IPO stake), H.I.G. Ventures (24.5%) and ProQuest Investments (16.2%). www.clarustherapeutics.com

VWR Funding Inc., a Radnor, Penn.–based lab equipment maker owned by Madison Dearborn Partners, has hired BofA Merrill Lynch, Goldman Sachs and J.P. Morgan to lead an IPO, according to the WSJ. www.vwr.com

Xunlei Inc., a Chinese consumer Internet platform based on cloud computing that enables users to access and manage digital content, has refilled for an $100 million IPO. It had previously filed for an IPO in 20112, before withdrawing its registration later that year. The company plans to trade under ticker symbol XNET, with J.P. Morgan and Citigroup serving as lead underwriters. It reports $3.8 million of net income on around $180 million in revenue for 2013. Shareholders include Xiaomi Ventures (27.2% pre-IPO stake), Morningside Technology Investments (14.5% stake), Vantage Point Global (12.6%), King Venture (12.2%), IDG Technology Ventures (9.7%) and Ceyuan Ventures (5.4%). In its prior filings, Google also held a stake below 5%. www.xunlei.com

M&A

Atos (Paris: ATOS) has agreed to acquire French IT solutions rival Bull (Paris: BUL) for approximately €620 million. www.bull.com

Pfizer (NYSE: P) said that it has given up its pursuit of AstraZeneca (LSE: AZN). Pfizer’s final bid for the British drugmaker came in at around $119 billion in cash and stock. www.pfzier.com

Pilgrim’s Pride Corp. (NYSE: PPC) has offered to acquire Hillshire Brands Inc. (NYSE: HSH) for $5.52 billion in cash, or $45 per share (22% premium to Friday’s closing price). The offer comes just weeks after Hillshire agreed to acquire Pinnacle Foods Inc. (NYSE: PF) for approximately $6 billion in cash and stock (sellers on that deal would include The Blackstone Group, which holds a 51% stake in Pinnacle). Read more

Apax Partners has agreed to sell its majority stake in UK-based foreign exchange company Travelex Group to an investor group led by Bavaguthu Raghuram Shetty, at an enterprise value of approximately €1.51 billion. www.apax.com

Intuit (Nasdaq: INTU) has agreed to acquire Check (f.k.a. PageOnce), a Palo Alto, Calif.-based provider of mobile account management and bill payment software, for around $360 million. Check has raised over $25 million in VC funding from such firms as Menlo Ventures, Canvas Ventures, Pitango Venture Capital and TriplePoint Ventures. www.check.me

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

About the Author
By Dan Primack
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

‘My childhood home is being taken’: Eminent domain for data centers targets properties across a thousand miles of grid expansion in Georgia
EnergyData centers
‘My childhood home is being taken’: Eminent domain for data centers targets properties across a thousand miles of grid expansion in Georgia
By Joshua HongJuly 26, 2026
1 hour ago
Fans Watch Super Bowl LX In California beneath tv screens with betting ads
EconomySports
Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined
By Catherina GioinoJuly 26, 2026
2 hours ago
One woman holds a "No data centers" sign while another points toward a white house.
EnvironmentData centers
Data centers were actually making electricity costs cheaper, but the $7 trillion buildout with no guaranteed AI demand is threatening the trend
By Sasha RogelbergJuly 26, 2026
3 hours ago
Let’s get ready to rumble: The next Fed meeting will be a ‘family feud’ — and that’s exactly what Chairman Kevin Warsh wants
EconomyFederal Reserve
Let’s get ready to rumble: The next Fed meeting will be a ‘family feud’ — and that’s exactly what Chairman Kevin Warsh wants
By Jason MaJuly 25, 2026
11 hours ago
The ‘Trump Trade’ is turning into a loser in the stock market
InvestingStock
The ‘Trump Trade’ is turning into a loser in the stock market
By Geoffrey Morgan, Joel Leon and BloombergJuly 25, 2026
13 hours ago
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
Middle EastIran
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
By Jason MaJuly 25, 2026
14 hours ago

Most Popular

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
23 hours ago
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
Middle East
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
By Jason MaJuly 25, 2026
14 hours ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
2 days ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
1 day ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
3 days ago
A Hims cofounder fired his entire marketing team for AI. Now his 24/7 online vet service is growing 20% a month
Success
A Hims cofounder fired his entire marketing team for AI. Now his 24/7 online vet service is growing 20% a month
By Sydney LakeJuly 25, 2026
21 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.