Term Sheet — Friday, October 17

• As I pack for the West Coast: There’s been a lot of reporting lately on gender and racial diversity numbers at large tech companies, but I’m still waiting to see data on age. My guess, and it’s only based on anecdotal observation (so far), is that many of these companies have more gender and racial diversity than they have age diversity. Particularly when it comes to new hires. I’ve spoken to a few executive recruiters about this lately, and they’ve told me that while clients almost never explicitly verbalize requirements, it’s become a given in certain tech industries. You also see it in the VC space, with firms trying to get younger in order to appear “friendlier” and more peer-like to 20-something entrepreneurs.

• Personnel note: Today’s largest VC deal is for MedAvail Technologies, a Canadian maker of consumer-facing prescription-drug dispensing kiosks, which raised $50 million from a group of investors that includes Walgreen Co. and Alliance Boots. So it’s probably a good time to mention that Bill Wafford has stepped down as head of Walgreen’s in-house venture capital and growth equity group (Well Ventures). Prior to taking over Well Ventures back in January, he was a London-based VP of international finance, where his responsibilities included oversight for partnership activities between Walgreens and Alliance Boots.

No word yet on who will replace Wafford at Well Ventures, which reports eight portfolio companies. Wafford, via email, says that he is “moving on to a new opportunity,” but declined to provide additional information.

• Deal data #1: U.S. M&A activity is now at $1.3 trillion YTD, which is up 58% over 2013, according to Thomson Reuters. But we’ve also seen the largest volume of canceled M&A (in terms of dollars) since 2007, following Iliad's abandonment of T-Mobile US. So far in 2014, there has been $522.5 billion in withdrawn deals.

• Deal data #2: Venture capitalists invested $9.9 billion into 1,023 U.S. companies during Q3 2014, according to the PwC/NVCA MoneyTree Report, which is based on Thomson Reuters data. That’s a slight drop from the $1.77 billion raised in Q2, but is the strongest Q3 since 2008 and puts the overall 2014 tally just $300 million shy of what VCs disbursed in all of 2013. And, yes, New York-based companies raised way more in Q3 than did Massachusetts-based companies (both, of course, paled in comparison to California)

• Thinking aloud: The big media story right now is how certain television networks, like HBO and CBS, appear to be in the early stages of ‘breaking the bundle.’ In other words, you would be able to pay for the few channels you actually watch regularly, rather than for the cable companies’ giant 700-channel package.

Makes total sense, but only because we’ve gotten so used to the bundle that we now loathe it. Imagine an alt universe where the original TV structure was pay-per-network. Then a company comes along that promises to give you all of the networks in one package, at one price. Basically the meta-app. Moreover, it will include all sorts of content you don’t currently know about. In today’s tech world, that’s referred to as ‘discovery.’

• #GetLiquid: I'm looking forward to seeing more than 750 of you next Tuesday night in San Francisco, at our sold-out Liquidity Event. Yes, that's also the first night of the World Series. And, yes, the SF Giants are playing (albeit in Kansas City). We're working to get TVs at Mighty, and will send an email to attendees soon about our progress on that front. We actually had checked with MLB about the World Series schedule more than a month ago, and had been assured it would begin on Wednesday. Not sure what changed, but we're working to accommodate. 

It will be a great night regardless, with an open bar and a bunch of food trucks. Big thanks to our sponsors: Andreessen Horowitz, Gunderson Dettmer, NEA, Preqin and TriplePoint Capital.

• Have a great weekend...

THE BIG DEAL

• CEC Entertainment Inc. (i.e., Chuck E. Cheese) has acquired Peter Piper Pizza, owner and operator of a pizza and entertainment restaurant chain with 32 company-owned stores and 115 franchises in the Southwestern U.S. and Mexico. No financial terms were disclosed. The seller was ACON Investments, while CEC is owned by Apollo Global Management. www.chuckecheese.com

VENTURE CAPITAL DEALS

• MedAvail Technologies Inc., a Canadian maker of consumer-facing prescription-drug dispensing kiosks, has raised US$30 million in Series C funding. Pura Vida Investments led the round, and was joined by Deerfield Management Co., Adage Capital Management and return backers Redmile Group, Walgreens and Alliance Boots. www.medavail.com

• Highland Therapeutics Inc., a Canadian pharma startup that wants to leverage a proprietary drug delivery system to improve existing drugs, has raised $25 million in Series A funding. No investor information was disclosed.

• AdNear, a Singapore-based provider of historical location intelligence solutions for advertisers, has raised $19 million in new VC funding. Telstra Ventures and Global Brain were joined by return backers Sequoia Capital and Canaan Partners. www.adnear.com

• Portal Instruments Inc., a Cambridge, Mass.-based developer of a computerized, needle-free drug delivery system, has raised $11 million in Series A funding. Sanofi led the round, and was joined by PBJ Capital and a “major US medical device company.” www.portalinstruments.com

• Blue Box, a Seattle-based provider of on-demand private cloud-as-a-service solutions, has raised $10 million in Series B funding. Return backers include Voyager Capital and Founders Collective. www.bluebox.net

• Metail, a UK-based provider of virtual fitting rooms for clothing retailers, has raised $12 million in new VC funding led by TAL Apparel. Read more 

• Sapience Analytics, an Indian provider of software to measure the amount of time employees spend on certain projects and applications, has raised around $7.32 million in Series B funding led by Orios Venture Partners. www.sapience.net

PRIVATE EQUITY DEALS

• Altamont Capital Partners and Kingfish Group have acquired a majority stake in Legacy ER & Urgent Care, a Frisco, Texas–based operator of hybrid standalone ER and urgent care clinics. No financial terms were disclosed. www.legacyer.com

• Great Hill Partners has acquired around a 60% equity stake in UK-based online travel search company Momondo Group for £80 million. www.greathillpartners.com

• H-D Advanced Manufacturing Co., a Pittsburgh-based platform for acquiring high-precision manufacturing companies, has acquired Crown Precision Machining, an Irwindale, Calif.–based provider of machining services to manufacturers in the commercial aerospace and defense industries. No financial terms were disclosed. H-D Advanced Manufacturing is a portfolio company of The Riverside Company, Hicks Equity Partners and Weinberg Capital Group. www.riversidecompany.com

• Salford Group Inc., an Ontario-based provider of tillage, seeding and fertilizer application equipment, has acquired BBI Spreaders, a Cornelia, Ga.–based manufacturer of precision dry material applicators for the agriculture, construction, and golf industries. No financial terms were disclosed, except that the deal was partially financed by existing Salford sponsor GenNx360 Capital Partners. www.salfordmachine.com

IPOs

•  Atara Biotherapeutics Inc., a Brisbane, Calif.-based drug company focused on muscle wasting conditions and oncology, raised $55 million in its IPO. The company priced 5 million shares at $11 per share (below $14-$16 range), for an initial market cap of approximately $213 million. It will trade on the Nasdaq under ticker symbol ATRA, while Goldman Sachs and Citigroup served as co-lead underwriters. Shareholders in the pre-revenue company include Kleiner Perkins Caufield & Byers (18.6% pre-IPO stake), Domain Associates (13.2%), DAG Ventures (13.2%), Baupost Group (11.8%), Celgene Corp. (8.7%), Amgen (8.6%) and Alexandria Real Estate Equities (5.3%). www.atarabio.com

•  Dance Biopharm Inc., a Brisbane, Calif.-based developer of inhaled insulin products for the treatment of diabetes, has withdrawn registration for a $75 million IPO that it originally had filed back in April. No explanation was provided. The company had planned trade on the Nasdaq under ticker symbol DNCE, with Wells Fargo Securities and Stifel serving as lead underwriters. www.dancebiopharm.com

Jimmy Choo Ltd., the UK-based luxury footwear brand, raised £141 million in its London IPO, at a £545 million valuation. Read more. 

•  Tagged, a San Francisco-based social networking site that reportedly was eyeing a large IPO, has chosen to rename itself and change its entire strategy. The IPO is also off. The company now will be known as if(we), and serve as a social app incubator. It also has acquired messaging app Tinode. Tagged had raised VC funding from such firms as Mayfield Fund. Read more. 

•  Zayo Group LLC, a Louisville, Colo.-based provider of bandwidth infrastructure and network neutral co-location services, raised $400 million in its IPO. The company priced 21 million shares at $19 per share, compared to plans to offer 28.9 million shares at between $21 and $24 per share. Its initial market cap is around $4.5 billion, and the company will trade on the NYSE under ticker symbol ZAYO. Morgan Stanley, Barclays and Goldman Sachs served as lead underwriters. Zayo 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 GTCR (20.2% pre-IPO stake), Oak Investment Partners (12.3%), Charlesbank Capital Partners (10.7%), Columbia Capital (11.4%), M/C Partners (11.4%), Battery Ventures (6.5%), Bridgescale Partners, Centennial Ventures, Morgan Stanley and North Sky Capital. www.zayo.com

EXITS

• Goldman Sachs is in talks to acquire ETF provider IndexIQ, a portfolio company of FTV Capital, according to Reuters. Read more. 

• Old Mutual (LSE: OML) has agreed to acquire British wealth manager Quilter Cheviot from Bridgepoint. Read more. 

OTHER DEALS

Chiquita Brands International (NYSE: CQB) has rejected a sweetened $660 million takeover offer from the Cutrale Group and the Safra Group, saying that it still prefers a merger with Ireland-based Fyffes. Read more. 

• Virgin Australia has agreed to acquire the 40% stake it didn’t already own in budget air carrier Tiger Australia from Singapore-listed Tiger Airways Holdings Ltd., for just $1. Read more.

• Yara International (Oslo: YAR) has ended merger talks with Deerfield, Ill.-based rival fertilizer company CF Industries (NYSE: CF), which would have had a combined market cap of nearly $25 billion. Read more. 

FIRMS & FUNDS

• Canaan Partners has closed its tenth venture capital fund with $675 million in capital commitments. The bi-coastal firm focuses on both tech and life sciences investments. www.canaan.com

MOVING IN, UP, ON & OUT

• John Dineen, former CEO of GE Healthcare, has joined Clayton, Dubilier & Rice as an operating advisor, effective early next year. www.cdr-inc.com

• Ned Kelly III and Ranji Nagaswami have joined Corsair Capital as senior advisors. Kelly previously was chairman of the institutional clients group at Citigroup, while Nagaswami was chief investment advisor to NYC Mayor Bloomberg’s administration. www.corsair-capital.com

• Ned McNally has joined UBS Global Asset Management as a Chicago-based director and national sales manager for its U.S. financial institutions group. He previously was with JP Morgan Asset Management. www.ubs.com

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