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Online learning company Lynda.com has won $103 million in new funding from venture capital firm Accel Partners and equity investor Spectrum Equity, writes Reuters. The cash infusion marks the company’s first outside funding and will allow the company to expand internationally, add new content areas, and improve its Web and video platforms, writes Reuters.
Online education company Lynda.com has raised its first round of funding, securing $103 million in growth equity from Accel Partners, Spectrum Equity and Meritech Capital Partners. As part of the funding, Andrew Braccia of Accel and Vic Parker of Spectrum, have joined the board.
Spectrum Equity is now the largest shareholder of Seamless. Yesterday, ARAMARK said it would spin-off its interests in Seamless, the New York online and mobile food ordering service, to its shareholders. ARAMARK’s investors including GS Capital Partners, CCMP Capital, Thomas H. Lee Partners and Warburg Pincus
ARAMARK said Monday that it will spin-off its interest in Seamless to ARAMARK shareholders. In 2011, ARAMARK sold a minority stake in Seamless, an online and mobile food ordering service, to Spectrum Equity.
Spectrum Equity looks like it will make about 7x its investment in Ancestry.com. Yesterday, a group led by Permira agreed to buy Ancestry.com in a $1.6 billion deal. The company, whose website helps users trace their family roots, will be taken private at $32 per share.
U.S. genealogy website operator Ancestry.com agreed to be acquired by a group led by private equity firm Permira in a $1.6 billion deal, four months after it put itself up for sale following the cancellation of a TV show based on its research. The company, whose website helps users trace their family roots, will be taken private at $32 per share, a 10 percent premium to the stock’s Friday closing price of $29.18.
As you’re heading to the beach this weekend, here’s a slideshow of the week’s top 5 private equity-backed M&A deals.
Week’s Top Posts Feature VC Winners in Splunk’s Hot IPO, Fundraising Tips from an LP and Spectrum’s Return on SurveyMonkey
Trending on peHUB this week: Splunk, Infoblox, Proofpoint, Sequoia Capital, Sevin Rosen, Mohr Davidow, Thrivent, Spectrum Equity, SurveyMonkey, New Mountain Capital, UTIMCO, Union Square Ventures, True Ventures, King.com