• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

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

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

1

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

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

Deals of the Day: La Quinta files for IPO

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
February 11, 2014, 3:10 PM ET

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Venture Capital Deals

Splice Machine, a San Francisco-based provider of an SQL-on-Hadoop database for big data applications , has raised $15 million in Series B funding. InterWest Partners led the round, and was joined by return backer Mohr Davidow Ventures. www.splicemachine.com

nCino Inc., a Wilmington, N.C.,-based provider of cloud-based operating solutions to the financial services industry, has raised $10 million in VC funding from Wellington Management Co.www.ncino.com

Primary Data, a Salt Lake City-based provider of software-defined data center technologies, has expanded its Series B round from $50 million to $60 million. Mercato Partners came in as a new investor. Prior backers include Accel Partners, Battery Ventures, Pelion Venture Partners, Lightspeed Venture Partners and Wing Capital Group. www.tonian.com

Levo League, a New York-based organization for Gen Y women in the workplace, has raised $7 million in its second round of angel funding. New backers include Lubna Olayan (CEO of Olayan Financing Co.) and Véronique Morali (CEO of Webedia / Allocine). Early backers included Sheryl Sandberg and Gina Bianchini.

Capillary Technologies, a provider of cloud-based software for retailers, has raised an undisclosed amount of new VC funding from American Express Ventures. The company previously raised over $15.5 million from Sequoia Capital and Norwest Venture Partners and Qualcomm Ventures.www.capillarytech.com

DeviceAuthority, a provider of security and device authentication solutions for multi-factor and machine-to-machine applications, has raised an undisclosed amount of Series A funding led by Alsop Louie Partners. www.deviceauthority.com

Shazam, a London–based music discovery app, is seeking to raise $20 million in new VC funding at around a $500 million valuation, according to Re/Code. Some new investors are expected in the round. To date, Shazam has raised around $32 million from firms like Acacia Capital, DN Capital, Kleiner Perkins Caufield & Byers and Institutional Venture Partners. www.shazam.com

Private Equity Deals

Aeropostale Inc. (NYSE: ARO), a New York-based teen apparel retailer, is “considering raising capital from private equity firms,” according to Reuters. Barclays is managing the process. Private equity firm Sycamore Partners acquired around an 8% stake in the company last fall.www.aeropostale.com

GetLenses.co.uk, a British online contact lens retailer, has acquired Vision Direct and Lensbase, which sell contact lenses, contact lens solutions and prescription glasses to consumers in the Netherlands, Spain and the UK. No pricing terms were disclosed, except that the deal was financed via new funding from existing GetLenses shareholders Fidelity Worldwide Investments, Hargreave Hale and Artemis Investment Management. www.GetLenses.co.uk

Pure Gym, a British low-cost fitness club chain owned by CCMP Capital, has agreed to merge with rival Gym Group, whose backers include Bridges Ventures and Phoenix Equity Partners. No financial terms were disclosed. www.puregym.com

IPO’s

Amber Road, an East Rutherford, N.J.-based provider of cloud-based global trade management solutions, has filed for a $75 million IPO. It plans to trade on the NYSE under ticker symbol AMBR, with Stifel serving as lead underwriter. The company reports $14 million in net income on $52.5 million in revenue for 2013, compared to $2 million of net income on $43 million in revenue for 2012. Shareholders includes Cross Atlantic Capital Partners (34.8% pre-IPO stake), Updata Partners (18.6%), Goldman Sachs (15.6%) and NJTC Investment Fund (7.1%). www.amberroad.com

Atento, a Spain-based call center company owned by Bain Capital, is considering a U.S. IPO for later this year, according to Reuters. Bain acquired Atento from Telefonica in late 2012 for approximately $1.4 billion. Eighteen months earlier, Telefonica had canceled a planned €580 million IPO of the unit. www.atento.com

China Wafer Level CSP, a Chinese provider of wafer-level chip size packaging technology, raised $118 million in a Shanghai IPO. Its initial market cap is around $780 million. Shareholders include Infinity Group and CVSC. www.wlcsp.com

Gilt Groupe, a New York-based flash sales site for luxury goods, has picked Goldman Sachs to lead its IPO, according to Bloomberg. The company has raised over $200 million in VC funding from firms like Matrix Partners, General Atlantic, Goldman Sachs, NEA, DFJ, SoftBank Capital and Pinnacle Ventures. www.gilt.com

ISS, a Danish outsourcing company backed by EQT Partners and Goldman Sachs, is planning to publish its flotation plans next week, according to Reuters. Goldman Sachs and UBS will be listed as global coordinators. www.issworld.com

La Quinta Holdings Inc., an Irving, Texas-based midscale hotel chain owned by The Blackstone Group, has filed for a $100 million IPO. J.P. Morgan and Morgan Stanley are serving as lead underwriters. The company reports $9.7 million in net income on $659 million in revenue for the first nine months of 2013, compared to $42 million in net income on $617 million in revenue for the year-earlier period. Blackstone paid $2.3 billion to acquire La Quinta in late 2005. www.laquinta.com

Mediwound Ltd., an Israel-based developer of burn and chronic wound management drug, has filed for an $86.25 million IPO. It plans to trade on the Nasdaq under ticker symbol MDWD, with Jefferies, Credit Suisse and BMO Capital Markets serving as lead underwriters. Shareholders include Clal Biotechnology Industries (65.3% pre-IPO stake). www.mediwound.com

NephroGenex Inc., a Research Triangle Park, N.C.-based developer of therapeutics to treat kidney disease, raised $37 million in its IPO. The company priced 3.1 million shares at $12 per share (low end of range), and will trade on the Nasdaq under ticker symbol NRX. Aegis Capital served as lead underwriter. Shareholders in the pre-revenue company include Care Capital (59.9% pre-IPO stake),Rho Ventures (23.1%) and BioStratum Inc. (9.4%). www.nephrogenex.com

New Look, a UK-based fashion retailer backed by Apax Partners and Permira, does not have any “imminent plans” to go public, according to a statement from company CEO Anders Kristiansen.www.newlook.com

Virgin America, a U.S. air carrier in which Richard Branson’s Virgin Group holds a minority position, has picked Barclays and Deutsche Bank to lead an IPO that could come in the second half of 2014, according to the FT. www.virginamerica.com

OTHER DEALS

Mallinckrodt PLC (NYSE: MNK) has agreed to acquire Cadence Pharmaceuticals Inc. (Nasdaq: CADX) for approximately $1.3 billion, or $14 per share (26.47% premium to yesterday’s closing price). Current Cadence shareholders include Domain Associates (11.25m shares), Frazier Healthcare Ventures (9.1m), Wellington Management (6.9%), Versant Ventures (4.7m), Bay City Capital (2.8m) and NEA (2.4m). www.cadencepharm.com

Adveq Real Assets has acquired 18,000 hectares of almond orchards in Victoria, Australia for A$211 million. Co-investors were Municipal Employees’ Retirement System and Danica Pension.www.adveq.com

Grupo Modelo has agreed to sell its chain of 878 Extra convenience stores in Mexico to Circle K, a subsidiary of Canada’s Alimentation Couche-Tard Inc. (TSX: ATD). No financial terms were disclosed. www.gmodelo.com

Microchip Technology Inc. (Nasdaq: MCHP) has agreed to acquire Sunnyvale, Calif.-based chipmaker Supertex Inc. (Nasdaq: SUPX) for $394 million (including around $148m of cash on hand), or $33 per share. www.supertex.com

The Carlyle Group has agreed to sell Veyance Technologies Inc., a Fairlawn, Ohio-based maker of rubber and plastic products, to Germany’s Continental AB (DB: CON). The deal is valued at approximately €1.4 billion. www.goodyearep.com

Mast Therapeutics Inc. (NYSE: MSTX) has agreed to acquire Aires Pharmaceuticals Inc., a San Diego–based developer of therapies to treat pulmonary vascular disorders like pulmonary arterial hypertension and pulmonary hypertension due to heart failure. No financial terms were disclosed. Aires had raised over $20 million in VC funding from firms like MPM Capital and ProQuest Investments. In late 2010, Novartis had signed an exclusive option to acquire Aires for up to $250 million. www.airespharma.co

Mid Europa Partners has agreed to sell its 39.23% stake in T-Mobile Czech Republic to Deutsche Telekom for €828 million in cash. The deal is expected to close later this month. www.t-mobile.cz

Sign up for Dan Primack’s daily email newsletter on deals and deal-makers: GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Man in a white shirt and jacket.
InnovationBrainstorm Tech
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
4 hours ago
Sam Bankman-Fried formally files for pardon—but White House reiterates that FTX cofounder’s odds are slim
CryptoSam Bankman-Fried
Sam Bankman-Fried formally files for pardon—but White House reiterates that FTX cofounder’s odds are slim
By Camila Grigera NaonJune 9, 2026
6 hours ago
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, June 3, 2026
InvestingWall Street
Wall Street dumped nearly $1 trillion in tech stocks by midday—then clawed it back and bought peanut butter and paint
By Eva RoytburgJune 9, 2026
7 hours ago
The entrance to a U.S. Immigration and Customs (ICE) detention facility
North AmericaDepartment of Homeland Security
Texas ICE facility spent $11.5 million on guards, medical services, transportation and meals weeks before the camp even held detainees, GAO finds
By Michael Biesecker, Ryan J. Foley and The Associated PressJune 9, 2026
7 hours ago
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
AIBrainstorm Tech
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
By Sharon GoldmanJune 9, 2026
7 hours ago
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
EnergyAutos
America’s grid is reeling. General Motors offers itself as a distributed utility in disguise
By Nick LichtenbergJune 9, 2026
7 hours ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
1 day ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
12 hours ago
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
1 day ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
2 days ago
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
Success
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
By Preston ForeJune 8, 2026
2 days ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.