20180915 M&A IN PIPELINE – SILVER LAKE


Our senior executive advisors know Silver Lake well and would be happy to help with the right deal. #seaprogram  Our record is a letter of intent (LOI) in 24 hours with one of our private equity firms.

DISCLAIMER: This 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 as this a  beta blog.

M&A IN PIPELINE 09-15-2018

** AMC Entertainment Holdings Inc said it bought back 24 million shares from its top investor Dalian Wanda Group and issued $600 million worth of convertible notes to private equity firm Silver Lake.

** Kinder Morgan Inc has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week.

** British oil major BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan.

** German energy group Uniper has mandated investment bank Rothschild to explore a sale of its French assets, a person with direct knowledge of the matter said, under pressure from a planned exit from coal-fired power.

** U.S.-based recreational vehicle maker Thor Industries has emerged as the leading bidder for German family-owned peer Erwin Hymer Group in a deal valuing the company at more than 2 billion euros ($2.34 billion), people close to the matter said.

** German retailer Metro AG plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon and a price tag of up to 1 billion euros ($1.2 billion).

** Exchange operator Nasdaq said it planned to buy Swedish financial technology provider Cinnober in a deal valuing the business at around 1.7 billion crowns ($190 million).

** Australian office owner Investa Office Fund said it would postpone a shareholder meeting regarding a takeover offer from private equity firm Blackstone after receiving a rival bid. (Compiled by Bharath Manjesh and Shanti S Nair in Bengaluru).

PRESS RELEASE AMC

LEAWOOD, Kan.–(BUSINESS WIRE)– AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), announced today that it has entered into an agreement with Silver Lake, the global leader in technology investing. Under the agreement, AMC has issued $600 million senior unsecured convertible notes due 2024, bearing interest at 2.95% and convertible into AMC Class A common shares at $20.50 per share, before giving effect to the special dividend announced today. At $20.50 per share, the pre-dividend conversion price reflects a 17.1% premium to the Reference Price. The Convertible Notes were issued September 14, 2018.

A portion of the proceeds from the Convertible Notes has been used to repurchase 24,057,143 AMC Class B Common shares from, Dalian Wanda Group Co., Ltd (“Wanda”), which represents 31.7% of the AMC Class B common shares held by Wanda, at a price of $17.50 per share. Wanda now owns 51,769,784 AMC Class B Common shares.

A portion of the proceeds from the Convertible Notes will also be used to pay a $1.55 per share special dividend on September 28, 2018 to all AMC Class A Common and Class B Common shareholders of record as of September 25, 2018. The remainder of the proceeds will be used for transaction expenses and general corporate purposes.

Read More:  http://investor.amctheatres.com/file/Index?KeyFile=395005553

AMC

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20180914 IN Pipeline with focus on VC funds


Venture Capital funds are still raising small funds vs. the mega funds  (i.e Billion dollar Softbank Vision Fund)!  Our Senior Executive Advisors have their own small funds (really just family office money of theirs) as well as investing in a few ( We had 125% return on a Draper fund in 45 days during the internet bubble.

DISCLAIMER: This 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 as this a  beta blog.

INVESTOR NETWORK (IN) PIPELINE 09-14-2018 VENTURE CAPITAL FUNDS

  • Seven Peaks Ventures, a Bend, Oregon-based early-stage venture capital firm, closed its second fund, at $28m

  • Raise Ventures, a Paris, France-based venture capital firm, held the first close of its first fund, at €60m

  • Golden Gate Ventures, a Southeast Asian venture capital firm, raised its 3rd fund, at US$100M

  • State Farm, a Bloomington, Illinois-based insurer of cars and homes in the U.S., has launched a $100M venture capital initiative

  • Cibolo Energy Management, LLC, a Houston, TX-based energy focused, private equity firm providing growth-oriented credit solutions to middle market upstream and midstream companies, closed Cibolo Energy Partners I, L.P., at $245m

  • Ribbit Capital to raise $420M fifth fintech fund

PRESS RELEASE FROM STATE FARM ON THIER NEW FUND

State Farm, a Bloomington, Illinois-based insurer of cars and homes in the U.S., has launched a $100M venture capital initiative.

Newly formed State Farm Ventures will focus on investing in startups developing technologies and products in order to fulfill customer needs in innovative ways. Led by Michael Remmes, Innovation Executive, the arm will focus on several key areas, with the goal of providing new and innovative products and solutions to customers.

State Farm and its affiliates provide auto and home insurance in the United States. Via nearly 19,000 agents and approximately 65,000 employees, the companies serve approximately 83 million policies and accounts – approximately 81 million auto, fire, life, health and commercial policies and approximately 2 million bank accounts.

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20180913 IN Pipeline with Venture Captial Focus


I am happy to see a biotech San Diego based company raise $4 million!  On a more positive note, our Senior Executive Advisors are all around the country and world with wide access to capital. #seaprogram #jdmorris

DISCLAIMER: This 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 as this a  beta blog.

IN PIPELINE 09-13-2018 VENTURE CAPITAL

  • Prominex, Inc., a San Diego, CA-based molecular diagnostic company focused on point-of-care infectious disease testing, completed its $4m Series A-1 financing
  • Avvay, a Franklin, Tenn.-based platform for content creators to find and book locations for their projects and events, raised $1m in seed funding
  • Prokaryotics, Inc., a Union, N.J.-based biopharmaceutical company engaged in the discovery and development of novel anti-infective drugs, has been awarded its second Small Business Innovation Research Grant (SBIR) valued at up to $2.3m
  • Bloom Credit, a NYC-based financial wellness platform for consumers and lenders to build a sound credit relationship, raised $3.87m in seed funding
  • Domicile, a Seattle, WA-based developer of technology-driven business accommodation platform, raised $5m in seed funding
  • Hiretual, a Mountain View, CA-based AI-driven HR technology company, raised $5M in Series A funding
  • Growers Holdings, Inc., a Seattle, Washington and Raleigh, N.C.-based agtech startup, raised $5M in Series A financing
  • RenalGuard Solutions, a Milford, MA-based medical device company focused on innovative technologies for the cardiac and vascular markets, completion of a $7m financing
  • Seed CX, a Chicago, IL-based licensed cryptocurrency exchange that offers institutional trading and settlement for both spot market and CFTC-regulated derivatives, raised $15m in Series B funding
  • HYP3R, a San Francisco, CA-based location-based marketing company, raised $17m in Series A financing
  • Datrium, a Sunnyvale, CA-based provider of a server flash storage system, raised $60m in Series D funding
  • Shift Technologies, a San Francisco-based platform to buy and sell used cars, raised more than $140 million in Series D equity and debt financing
  • Irrimax, an Atlanta, GA-based medical device company, received an investment from Decathlon Capital Partners
  • Basic Fun!, a Boca Raton, Florida-based toy and novelties company, received an equity investment from Falcon Investment Advisors, a Boston-based investment fund
  • Technori, a Chicago, IL-based active startup platform, received a seven-figure investment from DV Partners, led by SMS Assist Founder and Chairman Mike Rothman
  • OneOncology, a Nashville, Tenn.-based partnership of independent community oncology practices and finance and technology experts, received an investment from General Atlantic
  • GTY Technology Holdings is to buy CityBase, Inc., a Chicago, IL-based provider of a tech platform for people and businesses to interact with utilities and government agencies, for $160m in cash and stock

PRESS RELEASE POMINEX INC

SAN DIEGO–(BUSINESS WIRE)–Prominex, Inc., a molecular diagnostic company focused on point-of-care infectious disease testing, today announces the completion of its Series A-1 financing, raising $4 million from Casdin Capital LLC and its founding CEO. The Series A-1 financing will provide funding to advance the development of its infectious disease assays and commence an instrument development partnership with Invetech, a global leader in point-of-care instrument design and development.

Prominex’s Founder and CEO Paul Thomas commented, “Our Validex System delivers a 5-minute sample-to-answer molecular test result that will enable a broad spectrum of point-of-care testing from simple screening to more complex syndromic panel assays. We believe our Validex System holds significant promise to improve patient care and outcomes in time-critical clinical situations and to realize significant cost savings by optimized patient management and triage of patients to the most appropriate care setting.”

About Prominex

Prominex was founded in 2016 with a primary focus on the development of molecular diagnostic assays for point-of-care infectious disease testing. The novel molecular amplification and waveguide detection technologies incorporated into our Validex System enables the development of ultrafast, accurate, easy-to-use, highly multiplexed, and low-cost molecular diagnostic assays. For more information, visit www.Prominex.com.

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20180912 IN Pipeline – Venture Capital


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Why a disclaimer on a beta blog?  Because we get our information for others and even the companies website might have the wrong information.

DISCLAIMER: This 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 as this a  beta blog.

IN PIPELINE VENTURE CAPITAL FOCUS 09-08-2018

  • Epic Sciences, a San Diego, CA-based developer of blood tests that predict therapeutic benefit for cancer patients, completed a $52m Series E financing.
  • Wasabi, a Boston, MA–based hot cloud storage company, closed its $68m Series B financing round.
  • Sisense, a NYC-based provider of a business analytics platform for complex data, closed an $80m funding round.
  • Interana, a Redwood City, CA-based event data platform, raised funding from M12, Microsoft’s venture fund.
  • Burlywood, a Longmont, Colo.-based innovator of flash-based storage for cloud data centers, completed a $10.6m Series A funding.
  • Pendo, a Raleigh, N.C.-based creator of a product cloud for digital products and data-driven product teams, raised $50m in venture capital funding.
  • Q4 Inc., a provider of cloud-based investor relations and capital market solutions, closed a USD$38m Series C financing round.

BOTTOMLINE

New Clound based companies are alive in well with the model of a strong management team that did it before!

Wasabi, a Boston, MA–based hot cloud storage company, closed its $68m Series B financing round.

Backers included Forestay Capital, the tech fund of Swiss entrepreneur, Ernesto Bertarelli, industry veterans, and family offices.

The company intends to use the funds to expand internationally and to continue to invest in the brand.

Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is a hot cloud storage company delivering low-cost, fast, and reliable cloud storage.
The company will open its first European data center later this year. Their second data center, located near Portland, OR, is already supporting customers from Asia. In the past six months alone, they introduced a cloud storage offering with unlimited free egress, introduced Wasabi Direct Connect, a high-speed, dedicated private connection directly to Wasabi, and benchmarked an ecosystem of over 100 partners currently integrating their solutions through its open API.
The company has acquired more than 3,000 customers across a wide range of industries including Media and Entertainment, Healthcare/Genomics research, Video Surveillance and Education, which have massive file storage and rapid data retrieval requirements.

Venture Capital – IN Pipeline


Will we see dinasors turn high tech ( like Vacation By Owner (VROB) I used in 1990s ) or will the new ventures rule ( aka everyone knows airbnb ) as venture capital looks to create old business with new technology?

old and improved

Let our Senior Executive Advisors that know companies like Edison Venture from fund one or recent deal with Blume Ventures fast track your deal. #seaprogram #jdmorris

IN PIPELINE VENTURE CAPITAL 09-080-2018

• Alaia Capital, a Darien, Conn.-based financial services firm, raised $5.5 million in funding. Centana Growth Partners led the round, and was joined by investors including ThirdStream Partners LLC.

• Groq, a Palo Alto, Calif.-based semiconductor startup, raised $52.3 million in funding. The target is $60 million. Groq’s previous backers include Social Capital.

• Uberall Inc, a Berlin-based provider of location marketing solutions for businesses, raised $25 million in Series B funding. HPE Growth Capital led the round, and was joined by investors including Project A and United Internet.

• Blue Medora, a Grand Rapids, Michigan-based provider of IT monitoring integration solutions, raised $10 million in funding. Edison Partners led the round.

• TripCreator, an Iceland-based provider of trip-planning solutions, raised $8 million in funding. The investors were not named.

• MarketDial, a Utah-based cloud-based software company that offers retail companies the ability to create and analyze A/B tests, has raised $7.5 million in Series A funding. Crosslink Capital led the round.

• TAPPP, a New York-based pre-paid platform enabling access to premium live sports content, has secured $5 million in Series A funding. leAD Sports/OurCrowd’s ADvantage Fund, and was joined by investors including Accomplice, Elysian Park, Go4it, Courtside VC and Sterling.VC.

• Silvernest, a Boulder, Colo.-based home sharing platform operator, raised $3 million in Series A funding. Incenter led the round.

• Vapor IO, an Austin, Texas-based developer of hardware and software solutions for edge computing, raised Series C funding of an undisclosed amount. Berkshire Partners led the round, and was joined by investors including Crown Castle.

• Miss Fresh, a China-based e-commerce startup that delivers fresh produce in 20 Chinese cities, raised $450 million in funding. Investors include Goldman Sachs and Tencent Holdings Ltd,according to Reuters. Read more.

• GreyOrange, a Singapore-based maker of advanced robotics systems for automation in distribution and fulfillment centers, raised $140 million in Series C funding. Mithril Capital led the round, and was joined by investors including Blume Ventures.

• iQIYI Inc, a China-based provider of online entertainment services, raised RMB 850 million (about $124 million) in Series A funding. Investors include China Sports Capital, a joint venture between CMC Capital Partners and Sequoia CapitalYao CapitalIDG Capital, and Hui Ying Bo Run.

• Monese, a U.K.-based online banking platform, raised $60 million in Series B funding. Kinnevikled the round, and was joined by investors including PayPal, Augmentum Fintech and Investec’s INVC Fund.

DISCLAIMER: This 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 as this a  beta blog.ces. No financial terms were disclosed.

 

20180907 IN Pipleine – M&A (focus Oil)


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Our Senior Executive Advisors have done international M&A deals to CFO of oil companies.  Let us help you with your Oil strategy.   Contact JD Morris to learn more!

IN PIPELINE – M&A FOCUS – 09-07-2018

** Norwegian oil company Okea plans an initial public offering in Oslo as part of its deal to buy some assets from Shell in Norway positioning it for more mergers and acquisitions, its chief executive officer said.

** Austrian oil and gas group OMV AG plans to expand its exploration business with an acquisition in Southeast Asia by the end of 2018, in line with its strategy to grow in low-cost markets outside Europe, its upstream chief told Reuters.

** UK-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.

** State-controlled Banco do Brasil SA said in a securities filing on Thursday that it has raised its stake in Argentina’s Banco Patagonia SA to 80.39 percent from 58.97 percent.

** A Brazilian judge ruled that President Michel Temer must convene a council of military representatives and politicians to analyze planemaker Embraer SA’s deal with Boeing Co , Valor Economico newspaper said on its website on Thursday.

** Canada’s Lundin Mining Corp said on Thursday it does not plan to revise its hostile bid for fellow base-metal miner Nevsun Resources Ltd after it was trumped by a C$1.86 billion ($1.42 billion) offer from China’s Zijin Mining Group Co Ltd.

** Russia’s state-controlled telecoms operator Rostelecom and shareholders of the country’s fourth-biggest mobile phone operator working under the Tele2 brand, are in talks about an increase of Rostelecom’s stake in Tele2, Vedomosti reported citing sources. (Compiled by Debroop Roy in Bengaluru)

 

 

 

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20180905 IN Pipeline – Venture Capital


WILD CARD:  Will China be able to cure diabetes with all its money flowing into pharm or will we continue to use 1921 technology called Insulin shots?

Our BETA blog’s motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris

“When will we find solutions vs band-aids for many of our medical our medical problems.  Band-aids can be very profitable, but NIH and others should have solved these problems with all their funding.” – JD Morris

IN PIPELINE – VENTURE CAPITAL – 09-05-2018

• Jianke, a China-based online B2C pharmacy and healthcare services platform, raised $130 million in Series B funding. GTJA Investment Group led the round, and was joined by investors including HBM Healthcare Investments and Crescent Point.

• Auterion, a Switzerland-based open source drone software company, raised $10 million in seed funding. Investors include Lakestar, Mosaic Ventures, Costanoa Ventures, and Tectonic Ventures.

• Duffel, a London-based travel startup, raised $4.7 million in funding. Blossom Capital led the round, and was joined by investors including The Crankstart Foundation and Index Ventures.

• Phrasee, a London-based developer of marketing language generation software, raised $4 million in Series A funding. Albion Capital Group led the round, and was joined by investors including Next Fifteen andGalvanise Capital.

• Upfluence, a New York-based SaaS influencer marketing platform, raised $3.6 million in Series A funding. ISAI led the round, and was joined by investors including French Partners.