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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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September 30, 2013, 2:54 PM ET

Arle Capital Partners has agreed to sell Qioptiq, a European maker of products and solutions, toExcelitas Technologies Corp., a portfolio company of Veritas Capital. No financial terms were disclosed. www.qioptiq.com

Wolseley Private Equity has sold its stake in Australian magazine publisher NextMedia to Germany-based Forum Media Group for an undisclosed amount. www.nextmedia.com.au

Nirvanix Inc., a San Diego-based provider of enterprise-class cloud storage services, announced that it is shutting down. The company had raised around $70 million in VC funding from Khosla Ventures, Valhalla Partners, Intel Capital, Mission Ventures and Windward Ventures. www.nirvanix.com

Charm Communications (Nasdaq: CHRM), a Chinese advertising company, has received a $183 million buyout offer from founder and CEO He Dang. The $4.70 per share offer represents a 17% premium to Friday’s closing price. www.charmgroup.cn

58.com, a Chinese online marketplace for local merchants and consumers, has filed for a $150 million IPO. It plans to trade on the NYSE under ticker symbol WUBA, with Morgan Stanley, Credit Suisse and Citigroup serving as lead underwriters. The company reports $285,000 in net income on $55 million in revenue for the first half of 2013, compared to a $19 million net loss on $34 million in revenue for the year-earlier period. Shareholders include Warburg Pincus (25.8% pre-IPO stake), SAIF Partners (20.5%) and DCM (16.6%). www.58.com

King, a British game publisher known for Candy Crush Saga, has confidentially filed IPO registration documents, according to the NY Times. Lead underwriters are BoA Merrill Lynch, Credit Suisse and JPMorgan Chase. Shareholders include Apax Partners and Index Ventures. www.king.com

Relypsa Inc., a Redwood City, Calif.-based developer of non-absorbed polymeric drugs, has filed for a $126.5 million IPO. It plans to trade on the Nasdaq, with Morgan Stanley and BoA Merrill Lynch serving as lead underwriters. The pre-revenue company has raised over $180 million in VC funding from OrbiMed Advisors (43.3% pre-IPO stake), 5AM Ventures (22.3%), Delphi Ventures (11.8%), New Leaf Ventures (10.4%), Sprout Capital (9.7%) and Sibling Capital (5.3%). www.relypsa.com

Sign up for my daily email newsletter on deals and deal-makers: GetTermSheet.com

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