VC-backed CytomX Therapeutics files for IPO

South San Francisco-based CytomX Therapeutics, a biopharmaceutical company focused on treating cancer, 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 determined. The company plans on trading the stock on the NASDAQ under the ticker symbol “CTMX.” BofA Merrill Lynch, Jefferies LLC and Cowen and Company LLC will serve as the lead underwriters. CytomX’s backers include Fidelity Management & Research Company, Casdin Capital, Cormorant Asset Management, Deerfield Management, Perceptive Advisors, Redmile Group, Tekla Healthcare Investors and Tekla Life Sciences Investors, Venrock Healthcare Capital Partners and Wellington Management Company.

VC-backed Cortendo files for IPO

Cortendo AB, a Swedish biopharmaceutical company focused on orphan endocrine disorders, 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. Cortendo will trade on the NASDAQ under the ticker symbol “SBBP.” BofA Merrill Lynch and Stifel are serving as the lead underwriters. Cortendo’s backers include Longwood Capital, TVM Capital, Granite Point Capital, RA Capital, New Enterprise Associates, Broadfin Capital and HealthCap.

Aterian-backed SourceLink appoints Lewis as CFO

SourceLink, which is owned by Aterian Investment Partners, has named Don Lewis as chief financial officer. Lewis has been with SourceLink since 2013 and prior to that, he worked at KPMG. Based in Itasca, Illinois, SourceLink is a direct marketing services provider.

Intel Capital backs Almalence

Intel Capital has made an undisclosed investment in Almalence Inc. Headquartered in Austin, Texas, Almalence is a provider of computational imaging technologies.

PE-backed Trimb to buy YouMedical

Trimb Healthcare AB, which is backed by Avista Capital Partners, has agreed to acquire YouMedical Group BV. Based in Amsterdam, YouMedical is a provider of healthcare solutions.

Ares EIF Group to buy Van Hook Gathering System

Ares EIF Group, a subsidiary of Ares Management LP, has agreed to acquire Van Hook Gathering System from WPX Energy. The value of the transaction is $185 million. The deal is expected to be completed during the fourth quarter of this year. Based in North Dakota, Van Hook Gathering System consists of a oil, natural gas and water gathering system.

Farm Dog Technologies takes in $750K

Israel-based Farm Dog Technologies, a provider of precision agriculture solutions for small and medium-sized farms, has raised $750,000 in seed funding. The lead investor was lool Ventures.


HGGC promotes two to MD and two to principal

HGGC has promoted Hudson D. Smith Jr. and Neil H. White to managing director. Also, the middle-market-focused private equity firm has upped Farouk J. Hussein and Steven A. Leistner to principal. Smith, White and Leistner have been with HGGC since 2009 while Hussein joined the firm in 2012.

Egyptian startup WUZZUF nets $1.7 mln Series A

Egypt-based online recruitment platform WUZZUF has secured $1.7 million in Series A funding, according to a source at the company. Vostok New Ventures and Piton Capital led the round with participation from return backers 500 Startups and Endure Capital.


PE HUB First Read

First Read kicks off your week with news that hundreds are arrested in China for spreading rumors about the country’s stock market, Berkshire Hathaway reveals it has taken a $4.48 billion stake in Phillips 66 and legendary horror film director Wes Craven dies at 76.


PE HUB Second Opinion

To close the wild week, Ashley Madison CEO Biderman resigns, Twitter will be expanding female workforce to 35% in 2016 and former astronaut Buzz Aldrin wants to colonize Mars within 25 years.

Lund International buys TonnoPro’s assets

Lund International, which is backed by Highlander Partners LP, has acquired TonnoPro’s operating assets. No financial terms were disclosed. Based in Surprise, Arizona, TonnoPro is a maker of tonneau covers for light trucks.

BelHealth names new operating partner

BelHealth Investment Partners has appointed Burt Zweigenhaft as an operating partner. Prior to joining BelHealth, Zweigenhaft worked at Onco360 where he served as the founder, CEO and vice chairman.

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