Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Deals of the Day: Lenovo buys smartphone biz from Google

January 30, 2014: 12:10 PM ET

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Venture Capital Deals

Blue Bottle Coffee  a San Francisco-based coffee retailer asnd wholesaler, has raised nearly $26 million in new VC funding. Morgan Stanley Investment Management was joined by return backers like Google Ventures, Index Ventures and True Ventures. Read more.

Oragami Logic, a Menlo Park, Calif.-based provider of marketing intelligence solutions, has raised $15 million in Series B funding. Jafco Ventures led the round, and was joined by return backers Accel Partners and Lightspeed Venture Partners. www.oragamilogic.com

Cleverbug, an Ireland-based mobile app for making personalized greeting cards (either digital or paper), has raised $6 million in Series A funding. Delta Partners led the round, and was joined by Enterprise Ireland. www.cleverbug.com

GNS Healthcare Inc.
, a Cambridge, Mass.-based provider of data analytics to biotech companies, has raised $10 million in Series B funding. Existing backer Cambia Health Solutions led the round, and was joined by new investors Heritage Provider Network and Mitsui & Co. www.gnshealthcare.com

, an Atlanta-based provider of cloud marketing automation software, has raised $8.25 million in Series B funding. Noro-Moseley Partners and BLH Venture Partners were joined by seed backer Hallett Capital. SalesFusion also has acquired LoopFuse, an Atlanta-based marketing automation software vendor. www.salesfusion.com

, a New York developer of hydroponic greenhouse farms at urban supermarkets and grocery retailers, has raised $4.9 million in Series B funding. Backers include NGEN Partners, Emil Capital Partners and individual angels. www.brightfarms.com

, a Berlin-based online platform for booking travel tours, has raised $4.5 million in new Series A funding, bringing the round total to $18.5 million. Kens Koolen (ex-CEO of Booking.com) led the round, and was joined by Fritz Demopoulos (founder of Qunar.com). Existing backers include Spark Capital and Highland Capital Partners Europe. www.getyourguide.com

, a La Jolla, Calif–based provider of a fee-free alternative to traditional money transfers via gift cards, has raised more than $2.2 million in Series A funding led by Avalon Ventures. www.quippi.com

Mercatus Inc.
, a San Jose, Calif.-based provider of investment analysis and decision-making solutions for the energy project finance market, has raised an undisclosed amount of Series A funding. Trepp LLC led the round, and was joined by return backers Vision Ridge Partners, Augment Ventures and Shah Capital. www.mercatus.com

Private Equity Deals

CoBe Capital has acquired Hatria, an Italian maker of ceramic sanitary products, from Mohawk Industries Inc. (NYSE: MHK). No financial terms were disclosed. www.hatria.com

GVK Bioscience, a portfolio company of Sequoia Capital India, has agreed to acquire a majority stake in Aragen Bioscience, with an option to acquire the remainder over the next two years. Aragen is a Morgan Hills, Calif.-based provider of preclinical contract research and development services. No financial terms were disclosed. www.aragenbio.com

Odyssey Logistics & Technology Corp., a provider of global supply chain logistics services, has acquired CMI Logistics, an Orland Park, Ill.-based intermodal distribution company focused on the metals market. No financial terms were disclosed. Odyssey shareholders include Ad Eundem Partners, Boston Millennia Partners, CMEA Capital, RRE Ventures and Trident Capital.www.odysseylogistics.com


JD.com Inc., a Chinese online direct sales company, has filed for a $1.5 billion IPO. BofA Merrill Lynch and UBS are serving as lead underwriters. The company reports $10 million in net income on over $8 billion in revenue for the first nine months of 2013. Shareholders include Tiger Global Management (22.1% pre-IPO stake), DST Global, Insight Venture Partners and Sequoia Capital.www.jd.com

Celladon Corp.
, a La Jolla, Calif.-based cardiovascular drug developer, raised $44 million in its IPO. The company priced 5.5 million shares (up from planned 5 million) at $8 per share. It will trade on the Nasdaq under ticker symbol CLDN, while J.P. Morgan and Barclays served as lead underwriters. The pre-revenue company has raised around $120 million in VC funding, from Enterprise Partners Venture Capital (15.1% pre-IPO stake), Pfizer Ventures (13.1%), Lundbeckfond Ventures (13%), Novartis Venture Funds (11.6%), Johnson & Johnson Development Corp. (10.1%), GBS Venture Partners (8.3%), Venrock (7.7%) and H&Q Healthcare Investors (7.3%). www.celladon.net

Dicerna Pharmaceuticals
, a Watertown, MA-based pharmaceutical company that develops RNAinterference-based therapeutics, raised $90 million in its IPO. The company priced 6 million shares at $15 per share, compared to original plans to offer 5 million at between $11 and $13 per share. It will trade on the Nasdaq under ticker symbol DRNA, while Jefferies, Leerink Partners and Stifel served as lead underwriters. Dicerna reports around a $10 million net loss on $7 million in revenue for 2013. Shareholders include Domain Associates (16.8% pre-IPO stake), Skyline Ventures (14.7%), Deerfield Management (13.4%), RA Capital (13.4%), Abingworth Management (10.3%), Brookside Capital (9.4%), S.R. One Ltd. (8%) and Oxford Bioscience Partners (7.3%).www.dicerna.com


Lenovo has agreed to acquire the Motorola Mobility handset business from Google Inc. (Nasdaq: GOOG) for $2.91 billion. Google had paid $12.5 billion for the business less than two years ago, although that price included around $3 billion in cash on hand. Also, Google already has sold the set-top box business to Arris for more than $2.3 billion. http://www.lenovo.com

Dassault Systèmes (Paris: DSY) has agreed to acquire Accelrys (Nasdaq: ACCL) for approximately $750 million in cash, or $12.50 per share (28% premium to yesterday's closing price). Accelrys is a San Diego-based maker of scientific business intelligence software. www.accelrys.com

Standard Bank PLC
 has agreed to sell a control stake in its global markets business to The Industrial and Commercial Bank of China for $765 million.

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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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