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Deals of the day: Candy Crush maker goes public

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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March 26, 2014, 2:40 PM ET

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Venture Capital Deals

LanzaTech, a Roselle, Ill.-based maker of low-carbon fuels and chemicals from waste gases, has raised $60 million in new VC funding. Mitsui & Co. led the round with a $20 million investment, and was joined by Siemens Venture Capital, CICC Growth Capital and return backers Kohsla Ventures, Qiming Venture Partners, K1W1 and the Malaysian Life Sciences Capital Fund. www.lanzatech.com

Clio
, a Vancouver-based provider of cloud-based management tools for the legal industry, has raised US$20 million in Series C funding. Bessemer Venture Partners led the round, and was joined by Version One Ventures and return backers Acton Capital Partners and Point Nine Capital.www.goclio.com

Circle Internet Financial, a Boston-based digital currency company led by Brightcove founder Jeremy Allaire, has raised $17 million in Series B funding. Oak Investment Partners led the round, and was joined by Pantera Capital, Bitcoin Opportunity Fund, individual angels and return backers Breyer Capital, Accel Partners and General Catalyst Partners. Read more at Fortune

NeuroPhage Pharmaceuticals Inc., a Cambridge, Mass.-based developer of therapies for neurodegenerative diseases, has raised $17 million in Series D funding. No investor information was disclosed, but past backers have included Shire LLC and Mérieux Développement.www.neurophage.com

Tactile, a Redwood City, Calif.-based developer of a personal sync platform letting professionals access and act on business data, has raised $11.2 million in Series A funding from Accel Partners andRedpoint Ventures. www.tactile.com

LiveSafe, an Arlington, Va.-based developer of mobile safety technology, has raised $6.5 million in new VC funding. IAC led the round, and Barry Diller will join the LiveSafe board of directors.www.livesafemobile.com

Assay Depot Inc., a San Diego-based network of public and private online marketplaces for scientific services, has raised $3 million in Series B funding led by Bootstrap Venture Fund.www.assaydepot.com

TinderBox
, an Indianapolis-based provider of workflow automation solutions, has raised $3 million in Series C funding. Allos Ventures led the round, and was joined by Hyde Park Venture Partners.www.gettinderbox.com

FlexMinder, a Seattle-based startup that automates manual healthcare reimbursement processes, has raised $1.2 million in Series A funding. Backers include Founders Co-op, AOA, WRF Capital and individual angels Rudy Gadre and Walt Winshall. www.flexminder.com

Fruitday.com, a Chinese website for buying fresh fruit, has raised an undisclosed amount of new VC funding. ClearVue Partners led the round, and was joined by SIG Asia Investments. www.fruitday.com

TouchBistro, a provider of mobile point-of-sale solutions for the food and drink industry, has secured new seed funding from Walden Venture Capital and Kensington Capital Partners. The company has now raised a total of $6 million. www.touchbistro.com

Private Equity Deals

May River Capital has sponsored a recapitalization of Pride Engineering LLC, a Brooklyn Park, Minn.-based maker of machine tools and equipment used globally in the production of two-piece metal cans for the beverage and food industries. No financial terms were disclosed. www.pridecan.com

IPOs

King Digital Entertainment, maker of the Candy Crush Saga mobile game, raised nearly $500 million in its IPO. The company priced 22.2 million shares at $22.50 per share (middle of $21-$24 range), for an initial market cap of $7.08 billion. It will trade on the NYSE under ticker symbol KING, while J.P. Morgan, Credit Suisse and BofA Merrill Lynch servd as lead underwriters. King Digital reports around $568 million in net income on $1.8 billion in revenue for 2013, compared to $7.8 million in net income on $164 million in revenue for 2012. Shareholders include Apax Partners (48.2% pre-IPO stake) and Index Ventures (8.3%).

Adamas Pharmaceuticals Inc., an Emeryville, Calif.-based developer of therapeutics for chronic CNS disorders, has set its IPO terms to 3 million shares being offered at between $16 and $18 per share. It would have an initial market cap of around $279 million, were it to price in the middle of its range. The company reports around $50 million of net income on $71 million in revenue for 2013. Adamas plans to trade on the Nasdaq under ticker symbol ADMS, with Credit Suisse and Piper Jaffray serving as lead underwriters. It has raised over $40 million in VC funding from Mohr Davidow Ventures (30.9% pre-IPO stake), Aeris Capital (16%), DAG Ventures (12%), Northgate Capital (6.3%), Bio*One Capital, EDB Investments, GF Private Equity and Takeda Ventures. www.adamaspharma.com

Ariosa Diagnostics Inc.
, a San Jose, Calif.-based provider of genetic testing, has filed for a $69 million IPO. It plans to trade on the Nasdaq under ticker symbol AROS, with J.P. Morgan and Citigroup serving as lead underwriters.  The company reports a $2.4 million net loss on around $53 million in revenue for 2013. It raised over $50 million in VC funding from such firms as Venrock (39.1% pre-IPO stake), Domain Associates (24%), Meritech Capital Partners (9.4%) and Fidelity (6.5%). www.ariosadx.com

Burson Auto Parts
, an Australian auto parts supplier, is prepping a public float next month in Australia that would raise around A$220 million, according to Reuters. Burson Auto Partners is backed by Quadrant Private Equity. www.burson.com.au

iKang Healthcare Group Inc., a Chinese medical services provider, has set its IPO terms to 10.9 million shares being offered at between $12 and $14 per share. It would have an initial market cap of around $839 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol KANG, with BofA Merrill Lynch and UBS serving as lead underwriters. iKang reports a $12.5 million in net income on $134 million in revenue for 2013, compared to $10 million in net income on $94 million in revenue for 2012. Shareholders include Top Fortune Win (15.4% pre-IPO stake), ShanghaiMed (11.2%), Ora Investment (13.6% pre-IPO stake), Goldman Sachs (10.5%) and NewQuest Asia Investments (7.8%).

M&A

H.I.G. Capital has sold American Hardwood Industries, a Waynesboro, Va.-based manufacturer and supplier of hardwood lumber, to Hamburg, N.Y.-based Baillie Lumber. No financial terms were disclosed. www.ahwood.com

Intel Corp. (Nasdaq: INTC) has acquired Basis Science Inc., a San Francisco-based maker of a health tracker to improve fitness and sleep. No financial terms were disclosed, although TechCrunch puts the price-tag at between $100 million and $150 million. Basis Science had raised around $32 million in VC funding from Intel Capital, Mayfield Fund, DCM, Norwest Venture Partners, iNovia Capital, Dolby Family Trust, Stanford University and Peninsula-KCG. www.mybasis.com

Quad-C Management has sold Cloverhill Bakery, a Chicago-based manufacturer of individually-wrapped sweet baked goods, to Switzerland’s ARYZTA AG (Swiss: ARYN). No financial terms were disclosed. www.cloverhill.com

SAP AG (NYSE: SAP) has agreed to acquire Fieldglass, a Chicago-based vendor management system for procuring and managing flexible workforces, from Madison Dearborn Partners. No financial terms were disclosed. www.sap.com

DMI, a Bethesda, Md.-based enterprise mobility company, has acquired KnowledgePath, a Burlington, Mass.-based company that focuses on integrating companies’ e-commerce storefronts with the back-end systems. The deal was valued at $22 million in cash and stock. Read more at Fortune.com.

Julius Baer (Swiss: BAER) has increased its stake in Brazilian wealth management firm GPSInvestimentos Financeiros e Participações to 80 percent. www.gpsbr.com

The Kudelski Group (Swiss: KUD) has agreed to acquire Conax AS, an Oslo-based provider of provider of content protection for digital TV services, from Telenor Broadcast Holding AS. The deal is valued around $250 million. www.nagra.com

Tencent (HK: 700) has agreed to acquire a 28% stake in South Korean gaming company CJ Games, for $500 million. www.tencent.com

Facebook Inc. (Nasdaq: FB) has agreed to acquire Oculus VR, a maker of virtual reality headsets, for upwards of $2.24 billion. The deal includes $400 million in cash, around $1.6 billion in stock plus around $240 million in mixed earn-outs. Oculus VR raised around $93 million in VC funding, from firms like Matrix Partners, Spark Capital, Founders Fund, Formation8 and Andreessen Horowitz. Also included was a $2.4 million Kickstarter campaign. 
Read more at Fortune
.

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