First Read begins this holiday week with news that Alphabet puts a halt on creating a glucose-measuring contact lens for diabetes patients, Airbnb raked in more than $1 billion in revenue last quarter, and Nissan is firing Carlos Ghosn, its chairman.
Waybill has acquired Small Tube Products, a redrawer of niche, small diameter copper and aluminum tubes. The seller was Quilvest Private Equity. No financial terms were disclosed for the transaction that was done with Dwight Anderson, founder of Ospraie Management.
ACProducts Inc, a portfolio company of American Industrial Partners, has agreed to acquire Elkay Wood Products Company, a maker of kitchen and bath cabinetry. No financial terms were disclosed. The deal is expected to close by the end of the first quarter of 2015. Jefferies LLC was financial adviser to Elkay Manufacturing Company on the transaction with Mayer Brown LLP serving as legal adviser. And, Ropes & Gray was legal adviser to ACProducts.
In Second Opinion, a judge orders the White House to return Jim Acosta’s press pass, former Oracle executive Thomas Kurian will replace Diane Green as head of Google Cloud and FAO Schwarz returns to New York City just in time for the holiday season.
Zippity, a workplace amenity for full-service car maintenance, has raised $2.6 million in funding. The investors were A3Ventures, BP Ventures and LaunchPad Ventures.
Texas-based Zdaly, a big data and AI startup, has raised an undisclosed amount of financing. The investors were S3 Ventures and Moneta Ventures.
BOU, a provider of cooking products, has secured $4 million in Series B funding. The investors included FounderMade and Nebari Ventures.
China-based Alphamab Oncology, a biopharmaceutical company focused on treating cancer, has raised more than $100 million in Series A funding. The investors included Advantech Capital, PAG,OrbiMed, Heritage Provider Network and Janchor Partners.
Balmoral Funds LLC have acquired an ownership stake in VESTA Modular, a provider of modular buildings. The sellers were Soaring Pine Capital LLC and Wells Fargo Central Pacific Holdings. No financial terms were disclosed.
KPS Global, which is backed by D Cubed Group LLC, has acquired San Dimas, California-based Custom Cooler, a maker of custom walk-in coolers, walk-in freezers and industrial cold storage applications. No financial terms were disclosed.
LifePoint Health Inc has closed its previously announced merger with RCCH HealthCare Partners, a portfolio company of Apollo Global Management. According to terms of the deal, LifePoint shareholders are receiving $65 per share in cash for each share of LifePoint’s common stock they owned. Also, LifePoint has stopped trading on the NASDAQ. The newly combined healthcare company will operate under the LifePoint Health name. LifePoint will remain based in Brentwood, Tennessee.
Wonder Ventures has raised $15 million for its second fund, according to a blog post. Wonder Ventures II is seeking to invest in Los Angeles-based tech startups. The fund’s limited partners include institutional fund-of-funds and large family offices.
Oracle has agreed to acquire San Jose, California-based Talari Networks, a provider of SD-WAN technology, according to an announcement on the Oracle site. No financial terms were disclosed. Talari’s investors include Menlo Ventures, Silver Creek Ventures and Four Rivers Group.
Charlotte, North Carolina-based MapAnything, a provider of location-of-things solutions, has raised $42.5 million in Series C funding. The investors were GM Ventures, Andrew Leto, Salesforce Ventures, Greycroft, Harbert Growth Partners and David Stern.
Darien, Connecticut-based Portfolio Advisors, a private markets specialist, has closed its oversubscribed ninth global private equity fund-of-funds at about $1.18 billion, beating its $900 million target. The limited partners of Portfolio Advisors Private Equity Fund IX include private and public pension plans, university endowments, private foundations, insurance companies, family offices and high-net worth individuals. PA’s previous global private equity-fund-of-funds raised $1.22 billion in April 2016.
Austin, Texas-based Self Lender, a fintech startup, has secured $10 million in Series B financing. Altos Ventures led the round with participation from other investors that included Silverton Partners and Accion Venture Lab.
Twiga Foods, a Kenyan-based start-up connecting smallholder farmers in rural areas to informal retail vendors in cities, has raised $10 million in funding. IFC and TLcom led the round with participation from return backers Wamda Capital, DOB Equity, 1776 and Adolph H.Lundin.