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VC-backed pet insurance firm Trupanion debuts IPO

Trupanion has launched its IPO after pricing its 7.125 million shares at $10 per share. The stock began trading Friday on the NYSE under the ticker symbol “TRUP.” RBC Capital Markets, Barclays and Stifel are the lead underwriters. Based in Seattle, Trupanion is a pet insurance provider. It is backed by Maveron and Highland Capital Partners.

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Archer Daniels buying Wild Flavors for $3.1 bln

Archer Daniels Midland Company said Monday it was buying Wild Flavors GmbH in a deal valued at approximately €2.3 billion (US$3.1 billion). Sellers include KKR and Dr. Hans-Peter Wild, WILD Flavors chairman. Wild Flavors, of Zug, Switzerland, supplies natural ingredients to the food and beverage industry. Archer Daniels is assuming about €0.1 billion of net debt. The deal, contingent on regulatory approvals, is expected to close by year end. Barclays provided financial advice to ADM.

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Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.

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Starwood Group agrees to buy TMI Hospitality

Private investment firm Starwood Capital has agreed to acquire TMI Hospitality. No financial terms were disclosed. BofA Merrill Lynch and Barclays provided financial advice to Starwood while Citigroup Global Markets was lead financial advisor to TMI. Based in Fargo, North Dakota, TMI is a developer and operator of more than 180 select service and extended stay hotels across 26 states.

Viper Energy Partners launches IPO

Viper Energy Partners, a Midland, Texas-based subsidiary of oil and gas company Diamondback, has debuted its IPO after pricing its 5 million shares at $26 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol “VNOM.” Barclays, Credit Suisse and Wells Fargo Securities are serving as lead underwriters. Viper is focused on acquiring oil and natural gas assets in North America.

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VC-backed pet insurance firm Trupanion files for IPO

Trupanion has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. RBC Capital Markets, Barclays and Stifel will serve as the lead underwriters. Based in Seattle, Trupanion is a pet insurance provider. It is backed by Maveron and Highland Capital Partners.

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peHUB Second Opinion

In Second Opinion, Barclays is cutting hundreds of jobs this week, coders are going crazy over Apple’s new programming language and Myspace is blackmailing users with old photos to win them back.

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894 Views

peHUB First Read

To take you into this Memorial Day weekend, First Read has news that dry powder is 23% higher than forecast, DARPA is using the Oculus Rift to train cyber-soldiers, insight into KKR Capstone and America’s new subprime problem: auto loans.

200 Views

CCMP agrees to acquire Hillman for about $1.5 bln

CCMP said Monday that it has agreed to acquire a controlling stake in Hillman from Oak Hill Capital for $1.475 billion. CCMP has partnered with Hillman’s current management team on the transaction. Oak Hill Capital will retain a “significant” minority stake in Hillman. Barclays is advising Hillman on the deal while Morgan Stanley is advising CCMP. Based in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.

A protester holds a sign during a march in support of the girls kidnapped in Nigeria by members of Boko Haram, in Cape Town
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peHUB Second Opinion

In Second Opinion, Barclays is cutting 7,000 IB jobs, female CEOs are more likely to be sacked than men, Dish Network’s Chairman says the company can’t afford a bid for DirecTV and will all the media attention actually help bring back the 200 girls kidnapped in Nigeria.

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Evercore hires Francis as senior managing director for tech group

Investment bank Evercore said Tuesday that it has named J. Stuart Francis as a senior managing director in its technology group. Francis will join the firm in August and be based in Evercore’s office in Menlo Park, Calif. Most recently, he served as vice chairman of investment banking and chairman of the global technology group for Barclays.

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peHUB Second Opinion

In Second Opinion, ex-Time executive Fran Hauser is a VC now, Portillo’s Hot Dogs is on the block, the world’s biggest private equity firms and Snapchat’s big update disrupts a high school classroom.

162 Views

Charterhouse Capital’s Pointwell Limited acquires Skillsoft

Dublin, Ireland-based education software provider Skillsoft said Monday that it has sold its subsidiaries to Pointwell Limited, which is backed by Charterhouse Capital Partners. No financial terms were disclosed. Deutsche Bank Securities advised Skillsoft on the deal while Ropes & Gray served as legal counsel. Barclays served as exclusive financial advisor to Pointwell Limited. Skillsoft was backed by Advent International, Bain Capital and Berkshire Partners.

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GS Capital Partners and Thomas H. Lee Partners to sell Michael Foods for $2.45 bln

Post Holdings said Thursday that it has agreed to buy Elizabeth, NJ-based food products provider Michael Foods from GS Capital Partners, Thomas H. Lee Partners and other owners for $2.45 billion. The deal is expected to close in the second calendar quarter of 2014. Barclays is advising Post on the transaction while BofA Merrill Lynch and Goldman Sachs are advising Michael Foods.

Sheridan Healthcare hires banks for IPO – WSJ

Sheridan Healthcare Inc, a physician services company, has hired banks for an initial public offering, which may raise between $400 million and $500 million, the Wall Street Journal reported, citing people familiar with the matter.

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