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Deals of the day: Arista Networks prices IPO

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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June 6, 2014, 10:44 AM ET
Retail
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Venture Capital Deals

Senseonics, a Germantown, Md.-based provider of glucose monitoring devices, has raised $20 million in new venture funding from existing backers Anthem Capital, Delphi Ventures, Greenspring Associates, Healthcare Ventures and New Enterprise Associates. www.senseonics.com

Yieldbot, a New York-based provider of real-time consumer intent to digital marketers, has raised $18 million in Series B funding. SJF Ventures led the round, and was joined by return backers RRE Ventures, New Atlantic Ventures and Common Angels. City National Bank also provided additional financing. www.yieldbot.com

Flaregames, a German publisher of free-to-play mobile games, has raised €9 million in Series B funding co-led by Accel Partners and T-Venture co-led the round. www.flareegames.com

Curalate, a Philadelphia-based visual analytics and marketing platform, has raised $8.6 million in Series B funding. NEA led the round, and was joined by First Round Capital, MentorTech Ventures and Vayner RSE. www.curalate.com

Montage, a Delafield, Wis.–based provider of video interviewing technology for large enterprises, has raised $6 million in Series C funding. Beringea led the round, and was joined by Baird Capital, GCI and Calumet Venture Fund. www.montagetalent.com

Triblio, a Reston, Va.-based provider of content marketing software, has raised $3.4 million in seed funding led by Longworth Venture Partners and Kepha Partners. www.triblio.com

Big Data Partnership, a London-based provider of vendor-agnostic big data consulting, training and support, has raised £1.25 million in Series A funding from Beringea. www.bigdatapartnership.com

Private Equity Deals

CIVC Partners has acquired Track Utilities LLC, a Meridian, Idaho–based provider of mission-critical electric and telecom infrastructure services in the Northwestern U.S. No financial terms were disclosed. www.trackutilitiesinc.com

COFCO Meat
, a Chinese pork producer, has secured an undisclosed amount of private equity funding from KKR, Baring Private Equity Asia, HOPU and Boyu. www.cofco-joycome.com.

Immucor Inc.
, a Norcross, Ga.-based provider of transfusion and transplantation diagnostics, has acquired Organ-I Inc., a Mountain View, Calif.-based developer of non-invasive tests to monitor organ health for transplant recipients. No financial terms were disclosed. Immucor is a portfolio company ofTPG Capital. www.immucor.com

Industrial Growth Partners
 has acquired Sanders Industries, a Long Beach, Calif.-based maker of elastomeric tools used in large, composite structure manufacturing. No financial terms were disclosed. www.sandersind.com

Providence Equity Partners
 has acquired a 50% stake in STAR CJ Network India Pvt., an Indian home shopping joint venture, from Star HS Ltd. Star CJ was formed as a 50/50 joint venture between Star HS and South Korea’s CJ O Shopping Co. No financial terms were disclosed. www.provequity.com

Warburg Pincus has committed up to $500 million to launch Navitas Midstream Partners, a The Woodlands, Texas-based midstream energy platform led by former Copano Energy execs. www.warburgpincus.com

IPOs

Arista Networks Inc., a Santa Clara, Calif.-based provider of cloud networking solutions, raised $226 million in its IPO. The company priced 5.3 million shares at $43 per share (above $36-$40 range), for an initial market cap of approximately $2.73 billion. It will trade on the NYSE under ticker symbol ANET, while Morgan Stanley and Citigroup led 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

Bond Street Holdings, a Miami, Fla.-based bank with 39 retail branches in Florida, has withdrawn registration for a $150 million IPO that was originally filed back in February. No explanation was provided. Deutsche Bank Securities and JPMorgan serving as co-lead underwriters. Shareholders include Elliott Management Corp. Franklin Mutual Advisors and Taconic Capital. www.bondstreetholdings.com

Century Communities Inc., a Greenwood Village, Colo.-based homebuilder and residential community developer, has set its IPO terms to 4.48 million shares being offered at between $23 and $26 per share. It would have an initial market cap of around $525 million, were it to price in the middle of its range.has filed for a $102 million IPO. It plans to trade on the NYSE, with FBR serving as underwriter. Shareholders include Luxor Capital Group (9.4% pre-IPO stake), BlueMountain Capital Management (8.7%) and Claren Road Asset Management (5.8%).

Game Digital, a British video game retailer controlled by Elliott Management, raised around $203.4 million in its London IPO. www.game.co.uk

ING Groep (Amsterdam: IMGA) said that it plans to float its European and Japanese insurance business later this year, with an estimated valuation of between €6 billion and €8 billion. www.ing.com

Pfenex Inc., a San Diego-based developer of treatments for wet AMD, has filed for a $74.25 million IPO. It plans to trade on the NYSE under ticker symbol PFNX, with William Blair and JMP Securities serving as lead underwriters. The company reports a $4 million net loss on around $12 million in revenue for 2013. Shareholders include Dow Chemical Co. (51.42% pre-IPO stake) and Signet Healthcare Partners (33.05%). www.pfenex.com

Radius Health Inc., a Cambridge, Mass.-based developer of drug therapies for osteoporosis and women’s health, raised $52 million in its IPO. The company priced 6.5 million shares at $8 per share (its downwardly-revised terms), and will trade on the Nasdaq under ticker symbol RDUS. Jefferies and Cowan & Co. served as lead underwriters. Radius Health has raised over $200 million in VC funding from MPM Capital (28% pre-IPO stake), The Wellcome Trust (7.9%), HealthCare Ventures (6.3%), BB Biotech Ventures (6.6%), Saints Capital (5.2%), Nordic Bioscience (12.7%) and Brookside Capital Partners (5.9%). www.radiuspharm.com

Syndax Pharmaceuticals Inc., a Waltham, Mass.-based developer of epigenetic therapies for treatment-resistant cancers, has set its IPO terms to 4.3 million shares being offered at between $13 and $15 per share. It would have an initial market cap of around $171 million, were it to price in the middle of its range. The pre-revenue company plans to trade on the Nasdaq under ticker symbol SNDX, with Deutsche Bank Securities and Jefferies serving as lead underwriters. Shareholders include Domain Associates (34.3% pre-IPO stake), MPM Capital (29.5%), Forward Ventures (8.2%), RusnanoMedInvest (13.2%) and Forward Ventures (8.2%). www.syndax.com

Zafgen Inc., a Cambridge, Mass.-based biopharma company focused on the needs of severely obese patients, has set its IPO terms to five million shares being offered at between $14 and $16 per share. It would have an initial market cap of around $312 million, were it to price in the middle of its range. The pre-revenue company plans to trade on the Nasdaq under ticker symbol ZFGN, with Leerink Partners and Cowen & Co. serving as lead underwriters. Shareholders include Atlas Venture (35.6% pre-IPO stake), Third Rock Ventures (35.4%), Alta Partners (7.4%) and Fidelity Investments (6%). Zafgen also announced the receipt of a $20 million term loan from Oxford Finance and MidCap Financial. www.zafgen.com

ZS Pharma Inc., a Fort Worth, Texas-based developer of treatments for kidney and liver disease, has set its IPO terms to five million shares being offered at between $15 and $17 per share. It would have an initial market cap of around $300 million, were it to price in the middle of its range. The pre-revenue company plans to trade on the Nasdaq under ticker symbol ZSPH, with J.P. Morgan and Credit Suisse serving as lead underwriters. It has raised over $55 million in VC funding from such firms as Alta Partners (22.9% pre-IPO stake), Devon Park Bioventures (17.94%), 3×5 Special Opportunity Partners (16.55%), Salem Partners (12.96%) and RiverVest Venture Partners. www.zspharma.com

M&A

Dropbox has acquired Droptalk, a stealth-mode Chrome extension that lets friends share links and files privately with each other. No financial terms were disclosed. www.dropbox.com

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

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