Daily Deal Activity 08/17/12

Acquisitions:

Telecommunications company USCarrier Telecom, which provides wholesale high-speed, long-haul, and fiber optic transport solutions, sold its remaining 50 percent stake to private equity- and venture-backed fiber optics company Zayo Group, for $13.5 million. Zayo acquired a roughly 50 percent interest in USCarrier through its acquisition of American Fiber Systems in 2010.

Texas Memory Systems, a company specializing in high-performance solid state memory, was acquired by IBM (NYSE:IBM), for an undisclosed amount. Texas Memory’s technology will be used in the IBM products sold to customers, managing data centers or analyzing large amounts of data.

Investments:

Thrillist.com, which offers men’s lifestyle newsletter services, raised $13 million in Series B funding led by Oak Investment Partners, with participation from Lerer Ventures and Bob Pittman’s Pilot Group. This brings the company’s total funding to $15 million. Since its acquisition of eCommerce company Jackthreads in 2010, Thrillist has added online retail to its newsletter offerings.

Streamline Health Solutions (Nasdaq: STRM) has raised $12 million from Great Point Partners and Noro-Moseley Partners, via a private placement of convertible preferred stock. Streamline Health Solutions, a provider of enterprise content management and business analytics solutions for healthcare organizations, also announced that it has acquired New York-based Meta Health Technology for an undisclosed amount.

Little Black Bag, a six-month-old e-commerce company, has raised $8 million in Series B funding led by GRP Partners, with participation from Series A investor DCM. In total, Little Black Bag has raised $10.75 million. In addition to offering a shopping experience for consumers, brands are also using Little Black Bag to market upcoming products.

Stackdriver, a cloud application management software company, has raised a $5 million Series A round from Bain Capital Ventures and two other investors in order to build its team and its new product. The company plans on hiring software engineers and front-end developers.

Backed by $0.4 million in seed funding, InfoScout has launched a service called Shoparoo that helps schools raise funds through loyalty marketing. Individual investors provided the funding. Shoparoo reports that more than 200 schools in more than 25 states have signed on to its service that in which users can earn loyalty point by tacking a photograph their receipt from participating vendors.

Germany-based game portal company Games.de, which offers a selection of more than 3,200 games to play online or on computers, mobile phones, and consoles, raised an undisclosed amount of funding from early-stage investor iVentureCapital. In the coming months, Games.de will market games in the regional German, Austrian, and Swiss markets, and then throughout Europe.

IPOs:

Trulia has filed plans for an initial public offering of as much as $75 million in stock as the real-estate-listings Website looks to raise funds for working capital and other general corporate purposes. Trulia , which was founded in 2005, makes money by selling advertising and by charging fees to real-estate professionals to feature their listings in search results. For the six months ended June 30, the company’s revenue jumped 78 percent to $29 million, however, its loss for the period widened to $7.6 million from $2.6 million a year ago, as costs and expenses nearly doubled. The company intends to trade on the New York Stock Exchange under the symbol “TRLA.”

Other:

Electronic Arts (Nasdsaq: EA) has held preliminary talks with several private equity firms, including KKR and Providence Equity Partners, about an acquisition, according to the NY Post. The story says that EA would accept bids of around $20 per share, which would value the game-maker at nearly $6.4 billion ($2b more than its current market cap).

Triton Private Equity has received first-round bids for Dematic, a German provider of logistics automation and material handling solutions, according to Reuters. Barclays is managing the process, which is expected to generate offers of between €700 million and €800 million.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: