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Deals of the day: Zayo files for IPO

July 3, 2014, 3:01 PM UTC
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Kyle Bean for Fortune

Venture Capital Deals

Bonobos, a New York-based men’s clothing brand, has raised $55 million in new VC funding. Coppel Capital led the round, and was joined by return backers Mousse Partners and Nordstrom. Other company shareholders include Accel Partners, Forerunner Ventures, Lightspeed Venture Partners, Felicis Ventures and Glynn Capital Management.

CTERA Networks, an Israel–based provider of a cloud storage services platform, has raised $25 million in Series C funding. Bessemer Venture Partners led the round, and was joined by return backers Benchmark, Cisco Systems and Venrock.

GeneWeave Biosciences, a San Jose, Calif.-based clinical diagnostics company focused on multi-drug-resistant organisms, has raised $12 million in Series B funding. Decheng Capital led the round, and was joined by return backers Claremont Creek Ventures and XSeed

Simply Hired, a Sunnyvale, Calif.-based job search engine, has raised $12 million in private equity and debt funding. Foundation Capital and IDG Ventures provided equity, while City National Bank provided the debt.

Keen IO, a San Francisco-based analytics platform for mobile app developers, has raised $11.3 million in Series A funding led by Sequoia

Akosha, an Indian online consumer service and feedback platform, has raised $5.2 million in VC funding from Sequoia Capital (inclusive of an earlier seed round).

Veros Systems, an Austin, Texas-based industrial asset monitoring company, has raised an undisclosed amount of new funding from Shell Technology Ventures. Other company shareholders include Austin Ventures, Chevron Technology Ventures and LiveOak Venture

Private Equity Deals

Actera Partners and Esas Holdings have partnered up to bid on Turkish ferry group U.N. Ro-Ro Isletmeleri AS, which is being sold off by KKR, according to Bloomberg. Danish shipping company DFDS Group also is reported to have submitted an offer.

Archer Capital
 has acquired Australian industrial transportation company LCR Group from Champ Private Equity for approximately A$200 million, according to Reuters.

Ares Management
 has agreed to acquire a majority stake in London Square, a London residential developer and homebuilder, from Graphite Capital at an equity value of £110 million. The deal is expected to close by month’s end.

Caraustar Industries Inc.,
 an Austell, Ga.-based portfolio company of H.I.G. Capital, has agreed to acquire The Newark Group Inc., a Cranford, N.J.-based manufacturer of recycled paperboard, linerboard, industrial tubes, cores and other converted product. No financial terms were

Court Square Capital Partners
 has acquired a control stake in Conterra Ultra Broadband Holding LLC, a Charlotte, N.C.-based provider of bandwidth infrastructure services, from affiliates of Goldman SachsDuke EnergyGE Capital and the Circumference Group. No financial terms were

Goldman Sachs Capital Partners
 is leading the acquisition of a 68% stake in South Korean industrial gas producer Daesung Industrial Gases Co. from listed Korean conglomerate Daesung Group for approximately $400 million, according to the WSJ.

Huaxia Dairy Farm, a Chinese dairy farm operator, has raised approximately $106 million in private equity funding. GIC led the round with a $70 million commitment, and was joined by Olympus Capital ($30m) and return backer Grand River Capital.

Kinderhook Industries has acquired ThermaCell, a maker of mosquito repellent, from TheSchawbel Corp. No financial terms were disclosed.

The Sterling Group has acquired Roberts-Gordon LLC, a Buffalo, N.Y.-based maker of commercial and industrial HVAC equipment and industrial process and finishing equipment. No financial terms were disclosed.

Transilwrap Co., a portfolio company of The Jordan Co., has acquired MetPro Group, an Ireland–based provider of active and protective packaging systems.


Diplomat Pharmacy Inc., a Flint, Mich.-based specialty pharmacy focused on customers with chronic diseases, has filed for a $100 million IPO. Credit Suisse and Morgan Stanley are serving as lead underwriters. The company reports $1.7 million of net income on $466 million in revenue for Q1 2014. Shareholders include Janus Funds and T. Rowe

GlobeImmune, a Louisville, Colo.-based developer of therapeutic products for cancer and infectious diseases, raised $15 million in its IPO. The company priced 1.5 million shares at $10 per share, compared to earlier plans to offer 2.19 million shares at between $15 and $17 per share. It will trade on the Nasdaq under ticker symbol GBIM, while Aegies Capital served as underwriter. Shareholders include Celgene International), HealthCare Ventures, Morgenthaler Ventures, Wexford Capital, Sequel Ventures, Lilly Ventures and Medica Venture Partners.

T2 Biosystems, a Lexington, Mass.-based developer of magnetic biosensor detection technolog, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol TTOO, with Goldman Sachs and Morgan Stanley serving as lead underwriters. The company has raised over $80 million in VC funding from Goldman Sachs, Polaris Partners, Flagship Ventures, Aisling Capital, Flybridge Capital Partners Physic Ventures, Arcus Ventures, Partners Healthcare, Camros Capital and WS Investments.

Trainline, a British online rail ticket booking platform owned by Exponent Private Equity, has hired Morgan Stanley to manage a potential £400 million IPO, according to Sky News.

Zayo Group LLC, a Louisville, Colo.-based provider of bandwidth infrastructure and network neutral colocation services, has filed for a $100 million IPO. Morgan Stanley, Barclays and Goldman Sachs are serving as lead underwriters. The company reports a $106 million net loss on $827 million in revenue for the nine months ending March 31, 2014, compared to a $113 million net loss on $743 million in revenue for the year-earlier period. Shareholders include Battery Ventures, GTCR, Bridgescale Partners, Centennial Ventures, Charlesbank Capital Partners, Columbia Capital, M/C Partners, Morgan Stanley, North Sky Capital and Oak Investment Partners.


Facebook (Nasdaq: FB) has agreed to acquire LiveRail, a San Francisco-based video advertising platform. No financial terms were disclosed, but TechCrunch puts the price-tag at approximately $500 million. LiveRail had raised around $12 million in VC funding from firms like Pond

Qualcomm Inc. (Nasdaq: QCOM) has acquired Wilocity, an Israeli developer of 60 GHz wireless chipsets. No financial terms were disclosed. No financial terms were disclosed. Wilocity had raised around $55 million in VC funding, from Qualcomm, Benchmark, Sequoia Capital, Tallwood Venture Capital, Jerusalem Global Ventures, Marvell Technology and Vintage Investment

Thoratec Corp. (Nasdaq: THOR) has acquired Apica Cardiovascular Ltd., an Ireland-based maker of cardiovascular implant systems and devices designed to enable transapical surgical access, for up to $75 million (including a $35m upfront cash payment). Apica had raised VC funding from Enterprise Ireland, Kernel Capital and TriVentures.

The Weinstein Company is considering either a spinoff or sale of its television unit, according to The NY Times.

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