#goodread Money Tree report 3Q2018


During the third quarter of 2018, VC-backed companies based in the United States saw a 17% increase in funding, bringing up the total dollar amount invested to $28B.  US private companies raised 6 $500M+ and 55 $100M+ VC rounds, the most of any quarter on record.

Read More:  https://www.pwc.com/us/en/moneytree-report/moneytree-report-q3-2018.pdf

moneytree

IN Pipeline 20181026


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#DEALOFTHEDAY >> U.S. telecommunications equipment maker CommScope Holding Co Inc is in talks to acquire set-top box maker Arris International PLC in a bid to expand its offerings, people familiar with the matter said.

** The European Commission said that it had approved Sony Corp’s plan to take full control of EMI Music Publishing, saying the deal would not raise competition concerns.

** Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters.

** Delta Air Lines Inc Chief Executive Edward Bastian declined to comment on reports that the No. 2 U.S. carrier is interested in acquiring a stake in Italy’s Alitalia, which was put under special administration last year.

** Thailand’s Minor International has won acceptances for 47.76 percent of NH Hotels Group, Spain’s regulator said, bringing its total stake to 94.14 percent.

** Budget airline Norwegian Air is in advanced talks for a potential joint venture ownership of aircraft in its fleet that would free up cash for the rapidly growing company, it said.

** Finnish elevator maker Kone is interested in consolidation, especially in the service industry, its chief executive said.

** Halfords has dropped its plans to buy Evans Cycles, making way for investors like billionaire Mike Ashley’s Sports Direct to buy the chain, Sky News reported citing sources.

 

** Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said.

 

** French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported.

** China’s Wingtech Technology Co Ltd, the world’s largest smartphone contract manufacturer, is acquiring Dutch semiconductor firm Nexperia Holding by buying a majority stake from its Chinese owners for 25.2 billion yuan ($3.63 billion).

** Australia’s largest wealth manager AMP Ltd said it would sell its life insurance arm at a discount and revealed its funds were haemorrhaging cash as clients pulled out their money in response to revelations of systemic wrongdoing.

** Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring a sale that could value the company at more than $3.5 billion, two people familiar with the matter said.

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JD Morris

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IN Pipeline 20181025 Venture Capital


We just found an amazing fund and investment bank that focus is consumer products = Deal of The Day

#dealoftheday Summersalt, the St. Louis based direct-to-consumer swimwear brand, raised $6.1 million in Series A funding. Founders Fund led the round, and was joined by investors including Lewis and Clark Ventures, Revolution’s Rise of the Rest Seed Fund, Dundee Venture Capital, Breakout Capital, Cultivation Capital, Victress Capital, Amplifyher Ventures, M25 and Giuliana and Bill Rancic.

founders-fund

PLUS OTHER DEALS OF INTEREST

  • VergeSense, a San Francisco, CA-based provider of an AI-Powered sensor-as-a-service platform for commercial real estate, raised $1.5M in funding

  • Lorem, a New York-based marketplace for freelance website developers and designers, secured $2.5m in funding

  • Ople, Inc., a San Mateo, CA-based artificial intelligence software company, secured $8M in Series A funding

  • WireWheel, an Arlington, Va.-based Software-as-a-Service platform that modernizes global data privacy compliance, closed a $10m Series A funding round

  • Infoworks.io, a Palo Alto, Calif.-based software platform provider for agile data engineering, closed $25m in Series C funding

  • Innovusion, a San Francisco, CA-based developer of LiDAR technology for the autonomous vehicle markets, raised approx. US$30m in Series A funding

  • 4Front Holdings, LLC, a Phoenix, AZ-based cannabis retail and brand development company, completed a private placement of equity securities for gross proceeds of approximately $31m

  • Area 1 Security, a Redwood City, California-based provider of cybersecurity solutions, raised $32m in Series C funding

  • Scale Computing, an Indianapolis-based provider of edge computing and hyperconverged solutions, raised $34.8m in Series F funding

  • Arctic Wolf Networks, a Sunnyvale, CA-based security operations center (SOC)-as-a-service company, raised $45m in Series C funding

  • Yellowbrick Data, a Palo Alto, CA-based provider of analytic solutions for hybrid cloud, raised $48m in Series B funding

  • Enable Injections, Inc., a Cincinnati, OH-based combination products company developing advanced wearable devices for subcutaneous delivery of biologics and other high volume therapeutics, completed a first closing of a Series B round that will raise up to $50M

  • 89Bio, a San Francisco, CA-based clinical-stage biopharmaceutical company focused on nonalcoholic steatohepatitis (NASH) and other liver and metabolic disorders, closed a $60m Series A financing

  • DataRobot, a Boston, MA-based automated machine learning company, raised $100m in Series D funding

  • Assembled Brands, a Los Angeles, CA-based provider of working capital to emerging consumer brands, closed $100M in funding

  • Sitka Biopharma, a Vancouver, BC, Canada-based preclinical biotechnology company, raised $1.9M in funding

  • Milestone Pharmaceuticals, a Montreal, Canada-based late-stage biopharmaceutical company developing interventions for tachycardias, completed an $80m equity financing

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

M&A Deal Flow 20181024


#dealwelove Kraft Heinz Co will sell part of its Indian business, including brands such as malt-based drink Complan and energy drink Glucon-D, for 45.95 billion rupees ($627.18 million), at a time when Indian consumers are demanding healthier, sugar-free alternatives.

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OTHER TOP M&A NEWS

** U.S. healthcare conglomerate Johnson & Johnson said it is acquiring all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.

** National Bank (NBG), Greece’s second-largest lender will ask European Union competition authorities for more time to complete planned asset sales under an EU-approved restructuring plan, two bankers close to the matter said.

** Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition, a person familiar with the matter said.

** Shares of Kenyan fuel marketer KenolKobil jumped 30 percent early after a takeover offer from French firm Rubis was made public, Refinitiv data showed.

** Endeavor Energy Resources LP is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said.

** France and Italy moved closer towards a military shipbuilding alliance when state-controlled shipyards Naval Group and Fincantieri announced a 50-50 joint venture to bid for Franco-Italian warship projects and export to the world market.

** Freight forwarder DSV will no longer pursue its unsolicited offer for Swiss transport group Ceva Logistics , the Danish company said.

** German conglomerate Thyssenkrupp has hired Goldman Sachs, JP Morgan and Deutsche Bank as advisors in a planned spin-off of its capital goods business, a spokesman for Thyssenkrupp said.

** Spanish insurers Mapfre and Santa Lucia are mulling a merger of their funeral services businesses, hoping to take advantage of growing demand and stable cash-flows to create the Spanish market leader, three sources with knowledge of the deal said.

** Saudi Aramco Chief Executive Officer Amin Nasser said that anti-trust regulations abroad will mean that the company’s planned acquisition of a stake in Saudi Basic Industries Corp (SABIC) will take time.

** Turkey’s Yildiz Holding has launched the sale of Godiva chocolate’s Japanese business with the first round of the auction set to close early next month, sources said.

** AstraZeneca is ploughing deeper into cancer immunotherapy through a wide-ranging deal with Innate Pharma , which includes the British group buying a 9.8 percent stake in the French biotech company.

 

 

IN Pipeline 20181022 M&A


DEALS WE LIKE:  Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources familiar with the matter said.

Blackstone

** European Union antitrust regulators will rule by Nov. 27 whether to clear U.S. battery maker Energizer Holdings’ $2-billion bid for Spectrum Brands’ battery and portable lighting business.

** American Railcar Industries Inc, majority-owned by billionaire investor Carl Icahn, is selling itself to ITE Rail Fund in a $1.75 billion deal including debt, the company said.

** The head of Telefonica Deutschland called for EU regulators to block Vodafone’s planned acquisition of Liberty Global, saying it would lead to a “quasi-monopolisation” of the German cable TV market.

Continue reading “IN Pipeline 20181022 M&A”

IN Pipeline 20181020


Investor Network by JD

DEAL OF THE DAY:  Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain’s continental shelf in 2019, following its purchase of Shell’s upstream oil and gas licenses in Denmark, its chairman told Reuters.

20 PLUS OTHER DEALS

** Novartis AG will acquire U.S.-based cancer drugmaker Endocyte Inc for $2.1 billion in cash as the Swiss drugmaker expands its radiopharmaceuticals business, the companies said.

** Private equity giant Blackstone Group has quite a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.

Blackstone

** Linde said it had no knowledge of its planned merger with Praxair being given the green light, denying a media report which said the deal had passed anti-trust hurdles in the United States.

** Acadia Healthcare Co Inc, a U.S. operator of behavioral health centers, is in talks with private equity firms about selling itself after attracting buyout interest, people familiar with the matter told Reuters.

** Italian construction company Salini Impregilo is looking at the assets of troubled builder Astaldi but any eventual deal must happen soon, a source close to the company said.

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IN Pipeline 20181018 M&A


DEAL OF THE DAY: Event technology giant Cvent on Tuesday announced it bought Social Tables, the Washington, D.C.-based event technology platform founded by Dan Berger in 2011. The value of the transaction was not disclosed, but pegged by Washington Business Journal as more than $100 million.

OTHER NOTABLE DEALS

** Novartis AG will acquire U.S.-based cancer drugmaker Endocyte Inc for $2.1 billion in cash as the Swiss drugmaker expands its radiopharmaceuticals business, the companies said.

** Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.

** Linde said it had no knowledge of its planned merger with Praxair being given the green light, denying a media report which said the deal had passed anti-trust hurdles in the United States.

Continue reading “IN Pipeline 20181018 M&A”