Private Equity
Medical device maker NeuWave Medical Inc has been acquired by Johnson & Johnson subsidiary Ethicon, according to an announcment by HIG BioHealth Partners, an investor in NeuWave. Terms of the deal were not disclosed. NeuWave, based in Madison, Wisconsin, had previously raised $44.5 million over four rounds, CrunchBase reported. Most recently, NeuWave pulled in a $25 million Series C round in May 2015 led by Versant Ventures with participation from HIG, the State of Wisconsin Investment Board, and Venture Investors.
2 min read · 19 April 2016
Alibaba Group Holding Ltd said on Tuesday it has agreed to buy a controlling stake in Southeast Asia online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home, Reuters News reported.
3 min read · 12 April 2016
Alibaba Group Holding Ltd said April 12 that it invested about $1 billion to buy a majority stake in Lazada Group S.A. Alibaba is buying of $500 million Lazada newly issued equity and buying the rest in Lazada stock. Lazada is an eCommerce platform in Southeast Asia. A put-call arrangement gives Alibaba the right to buy the rest of Lazada at a fair market value during the 12 to 18 month period after the closing of the transaction. Credit Suisse (Hong Kong) Ltd advised Alibaba while Goldman Sachs (Asia) LLC as exclusive financial advisor to Lazada.
4 min read · 12 April 2016
Ally Financial Inc said April 5 it agreed to buy TradeKing Group Inc for about $275 million. Fort Lauderdale, Florida-based TradeKing is an online broker known for charging low fees. Investors include OCA Ventures and Battery Ventures. Buyouts Insider reported news of the auction in January. Goldman, Sachs & Co, Jarrett Lilien and Sullivan & Cromwell LLP advised Ally. TradeKing was advised by Bank of America Merrill Lynch and Cooley LLP.
7 min read · 06 April 2016
(Reuters) AccorHotels, Europe’s largest hotel group, has bought British serviced home rental company onefinestay to strengthen its response to Airbnb and further expand its luxury portfolio. It paid 148 million euros ($168.5 million) for the startup, which previously raised $80.9 million in venture capital from Index Ventures, Canaan Partners, Hyatt, Intel Capital and others.
3 min read · 05 April 2016
Toptal, which is backed by investors including Andreessen Horowitz, has acquired Skillbridge. Financial terms weren’t announced. San Francisco-based Skillbridge is an online platform for business freelancers.
4 min read · 05 April 2016
Solidifi, the Buffalo, New York, provider of real-estate-valuation services to 60 of the top 100 lenders, said it acquired Linear Title & Closing Ltd for as much as US$96 million, conditioned on performance metrics. Solidifi is a unit of Real Matters Inc, which in turn is backed by Whitecap Venture Partners, the Toronto early-stage VC firm. Linear, based in Rhode Island, provides real-estate services. Real Matters, Markham, Ontario, privately placed $100 million of common equity to fund the deal.
3 min read · 05 April 2016
South Africa's Dimension Data has acquired Ceryx Inc, a Canadian managed information technology services company focused on cloud-based messaging and collaboration solutions primarily for North American enterprises. The deal's financial terms were not disclosed. Dimension Data said the combination of its and Ceryx's end-user computing suite of services will accelerate the company's time to market and support the migration of customers to cloud services. Based in Toronto, Ceryx has been a portfolio company of Canadian growth investor Eventi Capital Partners since 2004.
2 min read · 04 April 2016
Pet food conglomerate Mars Petcare has acquired San Francisco-based Whistle, maker of a GPS location monitor and fitness tracking device for dogs, TechCrunch reported. Bloomberg reported Mars Petcare, a subsidiary of the candy food maker, acquired Whistle for $119 million.
1 min read · 03 April 2016
Reserve, the restaurant reservations app, has acquired Dash. Financial terms weren’t announced. New York-based Dash is a payments app. Diageo, the huge beverage company, has also made a strategic investment in Reserve, the company said on its blog.
1 min read · 01 April 2016
