Term Sheet

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Deals of the Day

January 7, 2014: 11:36 AM ET

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Venture Capital Deals

View, a Milpitas, Calif.–based maker of architectural dynamic glass, has raised $100 million in equity funding from Madrone Capital Partners. http://www.viewglass.com

Bellicum Pharmaceuticals Inc., a Houston-based developer of cellular immunotherapy products, has raised $14.7 million in new Series B funding. The round now stands at $34.4 million total. Backers include AVG Ventures and Remeditex Ventures. http://www.bellicum.com

Mashable, a tech content site, has raised $13.3 million in its first round of outside funding. Updata Partners led the round, and was joined by New Markets Venture Partners, Social Starts and individual angels. http://www.mashable.com

Isarna Therapeutics, a German developer of cancer drugs, has raised €13 million in new VC funding. AT NewTec led the round, and was joined by return backer MIG. http://www.isarna-therapeutics.com

Mediant Communications LLC, a New York-based provider of outsourced shareholder communications services, has raised $7 million in growth equity funding from existing shareholder Argentum Capital Partners. http://www.mediantonline.com

Remitly Inc., a Seattle-based mobile money transfer service that allows immigrants in the U.S. to send money home, has raised $5.5 million in Series A funding. QED led the round, and was joined by Trilogy Partnership, Founders Co-Op, TomorrowVentures, Bezos Expeditions and individual angels. http://www.remitly.com

Dianrong, a Shanghai-based peer-to-peer lending site, has raised "tens of millions of dollars" of new VC funding from Northern Light Venture Capital. http://www.dianrong.com

Private Equity Deals

American Industrial Partners has acquired the Transportation Products unit of Carlisle Companies Inc. (NYSE: CSL). No financial terms were disclosed. The business makes specialty tires, wheels and power transmission belts for a wide range of end markets. http://www.americanindustrial.com

Clearlake Capital Group has acquired a majority stake in PrimeSport, an Atlanta-based sports travel and entertainment management company, from ticket resale company RazorGator. No financial terms were disclosed. The seller was RazorGator, whose shareholders include Kleiner Perkins, Oak Investment Partners and Steamboat Ventures. http://www.primesport.com

Crestview Partners and Maybrook Capital Partners have acquired NYDJ Apparel LLC, a Vernon, Calif.-based a women's denim apparel brand, from Falconhead Capital. No financial terms were disclosed., although a source says that Falconhead generated around a 3x return on its 2008 investment (inclusive of a 2011 dividend recap). http://www.nydj.com

Levine Leichtman Capital Partners has acquired Polyform Products Co., an Elk Grove Village, Ill.-based maker of polymer clay products. No financial terms were disclosed, except that Madison Capital Funding provided senior debt financing. Third Coast Capital Advisors managed the process. http://www.llcp.com

RestorixHealth, a Tarrytown, N.Y.-based provider of wound care services, has acquired Candescent Healing, an operator of outpatient wound care centers. No financial terms were disclosed. The acquisition was supported by an additional equity investment in RestorixHealth by existing shareholder Sverica International. http://www.restorixhealth.com

Sterling Partners has completed its previously-announced $108 million take-private acquisition of Innotrac Corp., a Johns Creek, Ga.-based provider of outsourced order processing, order fulfillment and customer support contact center services. http://www.innotrac.com


Aldexa Therapeutics Inc., a Burlington, Mass.-based developer of treatments for the dry form of age-related macular degeneration, has filed for a $20 million IPO. It plans to trade on the Nasdaq under ticker symbol ALDX, with Aegis Capital Corp. serving as sole underwriter. Shareholders include Domain Associates (50.1% pre-IPO stake) and Johnson & Johnson Development Corp. (44.5%). http://www.neuronsystemsinc.com

CHC Group Ltd., a Canadian commercial helicopter operator, has set its IPO terms to around 29.41 million shares being offered at between $16 and $18 per share. It plans to trade on the NYSE, with J.P. Morgan and Barclays serving as lead underwriters. First Reserve Corp. is majority shareholder of CHC, and plans to remain so following the offering. http://www.chc.ca

EP Energy, an energy production and exploration company that Apollo Global Management acquired in 2012 from El Paso Corp. for $2.7 billion, has set its IPO terms to 40 million shares being offered at between $23 and $27 per share. Other shareholders include Access Industries, Riverstone Holdings and Korea National Oil Corp. It plans to trade on the NYSE under ticker symbol EPE, with Credit Suisse and J.P. Morgan serving as lead underwriters. http://www.epenergy.com

Expro Group, a UK-based oil services company owned by Arle Capital Partners, is considering a 2014 IPO, according to Sky News. Arle also may entertain acquisition offers for the company, which is reportedly valued in excess of $4.9 billion. http://www.exprogroup.com

GlycoMimetics, a Gaithersburg, Md.-based developer of glycobiology-based therapies, has amended its IPO terms to 5.8 million shares being offered at $8 per share, compared to earlier plans to offer 4 million shares at between $14 and $16 per share. It plans to trade on the Nasdaq under ticker symbol GLYC, with Jefferies and Barclays serving as lead underwriters. The company has raised over $60 million in VC funding from firms like New Enterprise Associates (75.2% pre-IPO stake), Genzyme Ventures (11.6%), The Novartis Venture Fund, Anthem Capital and Alliance Technology Ventures. http://www.glycomimetics.com


Caltius Equity Partners has sold Electra Bicycle Company LLC, a Vista, Calif.-based bike maker, to Trek Bicycle Corp. No financial terms were disclosed. Harris Williams & Co. managed the process. http://www.electrabike.com

Convergys Corp. (NYSE: CVG) has agreed to acquire Stream Global Services Inc., an Eagan, Minn.-based provider of business process outsourcing services, for $820 million in cash. Sellers are Ares Management, Providence Equity Partners and an affiliate of listed Philippines-based outsourcing company Ayala Corp. http://www.stream.com

Microsoft (Nasdaq: MSFT) has acquired Parature, a Herndon, Va.–based provider of on-demand customer service SaaS. No financial terms were disclosed, but TechCrunch values the deal at around $100 million. Parature had raised nearly $30 million in VC funding from Valhalla Partners, Sierra Ventures and Accel Partners. http://www.parature.com

Palo Alto Networks (NYSE: PANW) has acquired Morta Security, a Palo Alto, Calif.-based cybersecurity startup whose backers include Andreessen Horowitz, Greylock Partners, Norwest Venture Partners and Data Collective. No financial terms were disclosed. http://www.mortasecurity.com

Verso Paper Corp. (NYSE: VRS) has agreed to acquire NewPage Holdings Inc., a Miamisburg, Ohio–based provider of printing and specialty papers, from Cerberus Capital Management for approximately $1.4 billion. http://www.newpagecorp.com

Zola Books, an e-book retailer backed by Radcliff Group, has acquired Bookish, a book retail and recommendation site launched last year by a group of book publishers (including Simon & Schuster and Penguin Group). No financial terms were disclosed. http://www.zolabooks.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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