Goldman Sachs Merchant Banking and Silverfern agreed to acquire Continental Bakeries from NPM Capital. The deal is subject to routine regulatory clearances. Continental Bakeries specializes in private label biscuits, bread replacements and toasts.
Clayton Dubilier & Rice agreed to buy Kalle GmbH, which makes artificial casings for meat processing. Terms of the deal were not disclosed. CD&R Partner Vindi Banga will become chairman of Kalle at the close of the transaction, which is expected in the first half of 2016.
To end your week, First Read delivers one of the biggest stories of the decade: Bloomberg unmasks Zero Hedge. Also, CalPERS may reconsider avoiding tobacco investments, and diversity soars at Etsy.
Motus Ventures led a $2 million funding round in Auro Robotics, an autonomous campus shuttle service. Rothenberg Ventures also participated in the funding round.
HTC Corp launched a $100 million accelerator investment fund to focus on virtual reality startups. The fund will focus on three cities initially: Beijing, Taipei and San Francisco, and plans on rolling out into new areas. The program, called Vive X, is open to companies from any industry creating content, tools, applications and accessories that work in the VR ecosystem.
SWaN & Legend Venture Partners led a $6.8 million Series A funding round in UrbanStems, an on-demand flower delivery service. Other participants in the funding included Middleland Capital, NextGen Venture Partners, Interplay Ventures and Sagamore Ventures. The funding will help UrbanStems expand in New York City and Washington, D.C. as well as other cities in the U.S., starting with Philadelphia and Baltimore.
NorthEdge Capital hired Ben Wildsmith as portfolio director to manage the existing portfolio and find new deals across northern England. Wildsmith joined NorthEdge from EY where he worked as corporate finance director in the regional debt advisory business.
TPG Capital’s growth unit took a majority stake in Cancer Treatment Services International, which owns and operates a network of cancer treatment facilities primarily focused on India. Terms of the deal were not disclosed. As part of the deal, TPG appointed Lloyd Nazareth as group chief executive of CTSI.
First Read presents: HTC Corp is setting up a $100m fund to invest in VR startups, 25 geniuses changing the future of business and how using LimeWire left a company vulnerable to a hack.
This week’s top jobs include associates in direct lending at THL Credit, a marketing and IR analyst at Carlyle-backed Emerging Sovereign Group and an investment associate at Cambridge.
White Cloud Capital led a $2.28 million funding round in BioBeats, a machine learning platform. Other investors in the funding were AXA Strategic Ventures and IQ Capital.
Vidsys, which provides security software, raised $11 million from a group of investors. Participants in the funding included existing investors NewSpring Capital, Atlanta Equity, Flybridge Capital Partners and JVax Investment Group. New investor Harmony Partners also took part in the funding.
The U.S. Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E), Portland Seed Fund, NW Natural and other utilities, along with private investors, invested $3 million in Onboard Dynamics, Inc., which works on natural gas compression technology for vehicles. Onboard Dynamics previously received funding from ARPA-E, ONAMI, Oregon BEST, Oregon State University and Portland Seed Fund.
Yukon Partners Management hired Michael Furey as a partner on the investment team. Prior to Yukon, Furey worked at Halyard Partners.
Ubon Partners invested NOK 50 million ($6,078,400) in Disruptive Technologies, which develops wireless sensors that communicate with the internet. Including Ubon’s investment, Disruptive Technologies has raised NOK 93 million.
BTIG, LLC hired Colin Knudsen as a managing director in the technology, media and telecom banking group. Knudsen will be based in New York and will focus on TMT M&A and capital markets transactions. Prior to BTIG, Knudsen was co-founder and vice chairman of Coady Diemar Partners.
Shamrock Capital Advisors acquired a majority stake in Silvergate Media, an international television production and licensing company. Terms of the deal were not disclosed.
The Gores Group promoted Robbie Reynders from vice president to managing director, operations. Reynders joined Gores as a VP in 2009 from Dubai Capital Group and focuses on portfolio company oversight and operational due diligence for Gores’ investments in Europe.