Names in Lights
As many of you know, one of my non-Term Sheet roles at Fortune is to co-chair Fortune Brainstorm Tech, our annual gathering of the technology world’s most influential executives, investors and thinkers. This year’s event takes place July 11-13 at the Aspen Institute campus in Colorado, the perfect spot for deep conversations about the technologies that are changing our world ― and the consequences of those changes. It also makes a pretty nice backdrop for those watching the sessions that we livestream at Fortune.com.
We’ll be announcing the names of Brainstorm Tech participants over the next month or so, and wanted to get the ball rolling today. You can go here to view the first group of announced participants. But, for the purposes of this space, I wanted to highlight some of the “Term Sheet types” who will be joining us for various interviews and sessions:
Yuri Milner, founder of Breakthrough Initiatives, Bill Maris, CEO of Google Ventures, David Trujillo, partner with TPG Capital, Jim Breyer, founder of Breyer Capital, Jenny Lee, a partner with GGV Capital, Megan Quinn, a partner with Spark Capital, Scott Sandell, co-managing partner of NEA, Jennifer Fonstad, partner with Aspect Ventures, Jeff Fagnan, partner with Accomplice, Veronica Wu, president of CSC Venture Capital, Steve Herrod, partner with General Catalyst, and Ann Miura-Ko, partner with Floodgate. Plus Peggy Johnson, executive VP of business development at Microsoft.
For much more on Fortune Brainstorm Tech, please visit our event page.
• Personnel move: Jared Fliesler is planning to leave Matrix Partners, where he currently is a general partner in the VC firm’s Silicon Valley office. He had joined Matrix in early 2013, after product stints with Square and Google (via its acquisition of Slide).
In an email, Fliesler tells Fortune that he’s in the midst of wrapping things up with Matrix (including transitioning board seats), and that he plans to do some travel before going back into an operating role.
THE BIG DEAL
• Ares Capital Corp. (Nasdaq: ARCC) has agreed to acquire American Capital Ltd. (Nasdaq: ACAS), creating a combined company with more than $13 billion in investments under management (through March 31).
Ares will pay around $3.43 billion, or $14.95 per fully diluted share, for American Capital – save for the American Capital Mortgage Management business, which is being sold in a separate transaction to American Capital Agency Corp. (Nasdaq: AGNC) for $562 million ($2.42 per fully diluted share). Read more.
VENTURE CAPITAL DEALS
• Saguna Networks, an Israel-based provider of mobile edge computing solutions, has raised $5 million in new VC funding led by CE Ventures. www.saguna.net
• Rock Pamper Scissors, a London-based hairdresser booking app, has raised £1.2 million in seed funding from 500 Startups and Seedcamp. Read more.
PRIVATE EQUITY DEALS
• 10bis, an online food ordering marketplace and payment platform in Israel, has raised an undisclosed amount of private equity funding from TA Associates. www.10bis.co.il
• Advent International, BC Partners and KKR are among those circling the Central and Eastern European beer assets of SABMiller (LSE: SAB), which include Pilsner Urquell, according to Bloomberg. The assets could be valued at around $5 billion, with SABMiller divesting as part of its proposed takeover by AB InBev. Read more.
• Alita Care LLC, a portfolio company of Kohlberg & Co., has completed its previously-announced acquisition of The Meadows of Wickenburg LP, a Wickenburg, Ariz.-based addiction rehabilitation center, from American Capital. According to an earlier Dow Jones report, the deal is valued at around $180 million, with The Meadows recording approximately $15 million in 2015 EBITDA. American Capital reports receiving $97 million in proceeds from the sale. www.themeadows.com
• Cendyn, a Boca Raton, Fla.-based provider of sales and marketing performance software for the travel and hospitality industry, has raised an undisclosed amount of equity funding from Accel-KKR. www.cendyn.com
• CHG Healthcare Services Inc., a Salt Lake City-based hospital staffing company, is refinancing its debt via an issuance of $1.37 billion in new notes ― including $990 million in first-lien loans, $300 million second-lien and a $75 million revolving credit facility ― in a deal that will include $525 million in dividends paid out to sponsors Ares Management and Leonard Green & Partners. Read more. www.chghealthcare.com
• MidOcean Partners has acquired the assets of Travelpro Group, a provider of luggage and travel accessories. The deal includes both Travelpro International (based in Florida) and Holiday Group (based in Montreal). No financial terms were disclosed. Sellers include Caisse de dépôt et placement du Québec, Borealis Capital and Manulife Capital. www.travelpro.com
• Permira has agreed to acquire a majority stake in New York-based salon and haircare products company John Masters Organics Inc., plus Styla Inc., the exclusive distributor of John Masters products in Japan and East Asia, for approximately $336 million. www.johnmasters.com
• Safe Fleet, a Belton, Mo.-based portfolio company of The Sterling Group, has acquired Rear View Safety, a Brooklyn, N.Y.-based provider of back-up camera systems and video-based road safety solutions. No financial terms were disclosed. www.safefleet.net
• Sun Capital Partners has acquired Admiral Petroleum Co. & Lemmen Oil Co., a Coopersville, Mich.-based gas station and convenience store business. No financial terms were disclosed with 139 branded locations. www.suncappart.com
• Freeport-McMoRan Oil & Gas, a Houston-based oil and gas E&P spinoff of Freeport-McMoRan (NYSE: FCX) has withdrawn registration for a $100 million IPO that, at the time of its June 2015 filing, was estimated to ultimately seek to raise upwards of $1 billion. It had planned to trade on the NYSE with Barclays serving as sole underwriter. Read more.
• Viamet Pharmaceuticals Holdings, a Durham, N.C.-based developer of inhibitors of validated metalloenzymes, has withdrawn registration for an IPO that was to have sold 5.7 million shares at between $14 and $16 per share. No explanation was provided This is the second time that Viamet has pulled a proposed IPO, having previously done so in 2014. The company has raised over $150 million in VC funding from firms like Novartis Bioventures (12.9% pre-IPO stake), Lilly Ventures (11.3%), Hatteras Venture Partners (7.8%) and Intersouth Partners (6.3%). www.viamet.com
• Court Square Capital Partners has agreed to sell Wyle Inc., an El Segundo, Calif.-based provider of engineering, professional and technical and scientific services to the U.S. federal government, to KBR Inc. (NYSE: KBR). The deal is valued at $570 million (after being adjusted for $30m in tax benefits). www.wyle.com
• Silver Lake and TPG Capital have hired Goldman Sachs to find a buyer for Avaya Inc., a Santa Clara, Calif.-based maker of telecom equipment, according to Reuters. Avaya has been in registration for an IPO since 2011, and currently has around a $6 billion debt load. The sale price, per Reuters, could be between $6 billion and $10 billion (including the debt). Read more.
• Bayer AG (DB: BAYN) said that it has offered to purchase Monsanto (NYSE: MON) for $62 billion (including debt), or $122 per share (37% premium to where Monsanto stock was trading before press reports of a possible bid). Read more.
• Aixtron SE (DB:AIXA), a German provider of semiconductor equipment, has agreed to be acquired for €670 million by a group of Chinese investors led by the Fujian Grand Chip Investment Fund. Read more.
• Anthem (NYSE: ANTM) and rival health insurer Cigna (NYSE: CI) are engaged in a series of backroom squabbles that could jeopardize their existing merger agreement, according to the WSJ. Read more.
• Apprenda, a Troy, N.Y.-based software development platform, has agreed to acquire Kismatic, a San Francisco-based provider of software container management solutions. No financial terms were disclosed. Apprenda has raised around $56 million in VC funding, from firms like NEA, Ignition Partners, Data Collective and Safeguard Scientifics. Kismatic had been seeded by the Runway Incubator and Ethelbert Williams and Center Electric. Read more.
• ANZ Banking Group (ASX: ANZ) is considering a sale of all or part of its life insurance and pension product development business, which could be valued at upwards of A$4 billion, according to Reuters. Read more.
• CF Industries Holdings (NYSE: CF) has terminated its $8 billion agreement to purchase the U.S. and European assets of Dutch fertilizer maker OCI NV (Amsterdam: OVI), citing new U.S. rules on tax inversion transactions. Read more.
• HelloTech, a Los Angeles-based provider of in-home tech support, has merged with Walnut Creek, Calif.-based rival Geekatoo. HelloTech has raised around $17 million in VC funding from firms like Madrona Venture Group, Upfront Ventures, CrossCut Ventures and Accel. Geekatoo had raised around $2 million in VC funding from groups like 500 Startups and ChinaRock Capital. Read more.
• Tencent is in talks to acquire a majority stake in Supercell, the Finnish gaming company whose titles include Clash of Clans, according to the WSJ. Supercell is currently majority-owned by Softbank. Read more.
• Tribune Publishing (NYSE: TPUB) has rejected Gannett Co.’s (NYSE: GCI) revised $864 million takeover proposal, but has agreed to share certain confidential financial information with Gannett. Read more.
FIRMS & FUNDS
• AlpInvest Partners has secured $1.5 billion in capital commitments for its latest private equity secondaries fund, which is seeking a total of $2 billion in traditional LP commitments, according to Dow Jones. The firm, now owned by The Carlyle Group, also plans to raise another $4 billion via managed account relationships. Read more.
• Harmony Partners, a New York-based private equity firm focused on Series B and later rounds, has closed its third fund with $105 million in capital commitments. www.harmonyvp.com
• OrbiMed has closed its second VC fund focused on Israeli healthcare companies, with around $307 million in capital commitments. www.orbimed.com
MOVING IN, ON & UP
• The Carlyle Group on Friday announced the pending departure of Mitch Petrick, the firm’s head of global market strategies, who will become a senior advisor to Carlyle and launch his own investment management company. He will be succeeded by Kewsong Lee, who also will maintain his role as deputy chief investment officer for global private equity. Carlyle also said that energy and natural resources investing chief Kenneth Hersh will move into a deputy chief investment officer in the business, following his recent appointment as president and CEO of the George W. Bush Presidential Center. Glenn Youngkin, Carlyle’s president and COO, now will also oversee the energy and natural resources group. Read more.
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