Tel Aviv-based SimilarGroup, maker of a web ranking tool called SimilarWeb, has raised an additional $3.5 million in funding and launched a paid service, according to TechCrunch.
Zal Bilimoria, a product manager at networking site LinkedIn, has become a partner at private equity firm Andreessen Horowitz, according to his LinkedIn page.
Dell Inc. responded Friday to a proposed alternative – submitted by Carl Icahn and Southeastern Asset Management – to a $24.4 billion buyout deal led by founder Michael Dell. In a letter to Dell’s board on Thursday night, Icahn and Southeastern proposed that current owners keep their equity position. Additionally, they would have the option of receiving a distribution of $12 a share in cash or $12 a share in stock valued at $1.65 a share, Reuters reported. Dell said in a statement Friday that it was “carefully reviewing the potential transaction to assess the potential risks and rewards to the public shareholders.”
Silicon Legal Strategy has added Coleman Cannon as a senior associate in its San Francisco office. Before joining Silicon Legal, Coleman practiced at Silicon Valley boutique law firm Montgomery & Hansen.
Irvine, Calif.-based uParts Inc. has closed on $2 million in Series A financing. GRP Partners and Fraser McCombs Capital co-led the round. The company has created a cloud-based platform servicing the collision repair industry.
Venture-backed Box has acquired Crocodoc, a startup that makes HTML5 document rendering and viewing technology. Terms of the deal were not released. The full Crocodoc team will join Box, with Crocodoc co-founder and CEO Ryan Damico serving as Box’s director of platform, the company said. Box is backed by venture firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners.
Drug researcher Quintiles Transnational Holdings raised a more-than planned $947 million in its IPO, the latest listing from a private equity-backed company as record highs for U.S. stocks encourage more exits from investments, Reuters reported. Strong investor demand for the deal helped Quintiles, which is backed by Bain Capital LLC and TPG Capital LP, price 20 percent more shares than expected at the top end of the range and pushed up pricing a day early, according to people familiar with the deal. The Durham, North Carolina-based conductor of clinical trials is also the largest of eleven IPOs pricing this week, which could mark the highest weekly IPO volume since late 2007, according to market data firm Ipreo.
Boot Barn, the western and work wear store, has reached an agreement to acquire Baskins stores. Boot Barn stores are located in 21 states, while Baskins has a presence in Texas and Louisiana. Terms were not released. Boot Barn is a portfolio company of Freeman Spogli & Co.
Spectrum Equity has put more than $50 million into video platform Extreme Reach Inc., taking a minority stake in the company. The money will go toward expansion and acquisitions. Extreme Reach is headquartered in Needham, Mass.