KKR has agreed to buy Calabrio. Financial terms weren’t announced. Calabrio provides customer engagement software. The Wall Street Journal valued the deal at $200 million.
Ritchie Bros Auctioneers Inc said Aug 29 that it agreed to buy IronPlanet for about $758.5 million. Sellers include Accel Partners, Kleiner Perkins Caufield & Byers, Caterpillar and Volvo. Pleasonton, California-based IronPlanet is an online marketplace for used heavy equipment and other durable asset sales. Goldman, Sachs & Co provided financial advice to Ritchie Bros and Skadden, Arps, Slate, Meagher & Flom LLP and Dechert LLP served as legal advisors. J.P. Morgan Securities LLC acted as financial advisor to IronPlanet and Orrick, Herrington & Sutcliffe LLP was their legal advisor.
BBOXX said Aug 30 that it closed a $20 million Series C funding round. New investors include MacKinnon, Bennett & Company, ENGIE Rassembleurs d’Energies and KawiSafi Ventures, as well as existing investors Khosla Impact Fund, Bamboo Finance and DOEN Foundation. BBOXX, of London, is an off-grid solar company.
KKR said Aug 29 that David Liu, Co-Head of Asia Private Equity and Head of China, and Julian Wolhardt, a member, are leaving at the end of this year to form a new China-focused investment firm. They will transition to KKR Advisors beginning in 2017. Ming Lu, a Member of KKR and Co-Head of Asia Private Equity, was named sole Head of Asia Private Equity. Lu will serve as Interim Head of China until KKR appoints a successor. Other new appointment include: Ashish Shastry was named Head of Southeast Asia and Member of KKR, Singapore; Zhen Ji was appointed a Managing Director of KKR, China; Hyoung Seok Lim was named a Managing Director of KKR, Korea; and Rob Yang was appointed Managing Director of KKR Real Estate, China.
Mediamorph said Aug. 29 that it raised $21.2 million in Series C funding led by Advance Vixeid Partners and by senior advisors to Lee Equity Partners including Bob Wright and Barry Baker. Existing investors Liberty Global Ventures and Smedvig Capital also participated in the financing. New York-based Mediamorph provides a cloud-based enterprise software and data management platform for the media and entertainment industry.
General Atlantic and Ctrip have formed a strategic partnership with Ocean Link, a PE firm focused on the travel and tourism sector of China. Financial terms weren’t announced but the Wall Street Journal said Ocean Link is starting with an initial $400 million of capital. Ocean Link’s first investments include eLong, Mind Education, Joint Wisdom and Ruby Hotels.
Symphogen said Aug. 18 that CEO Kirsten Drejer is stepping down and will become an independent member of the Board. Martin Olin, current Symphogen CFO, will become CEO effective Sept. 1. Copenhagen-based Symphogen, a biopharmaceutical company, is backed by investors including Essex Woodlands Health Ventures, Novo A/S, PKA, Sunstone Capital, Gilde Healthcare Partners, Danica Pension, Takeda Ventures Inc and Genentech.
Avelas Biosciences Inc said Aug 18 that it completed a $20 million Series C round of financing led by Pharmstandard International SA. New investors include Ervington Investments Ltd and Alexandria Venture Investments, while existing investors Avalon Ventures, Bregua Corp and WuXi Healthcare Ventures also participated in the financing. San Diego-based Avelas is a clinical stage oncology-focused company.
Enlightenment Capital said Aug. 17 that it has sold its portfolio company, Vistronix Intelligence & Technology Solutions, to ASRC Federal. Financial terms weren’t announced. Reston, Virginia-based Vistronix provides national security systems, solutions, and services to the Intelligence Community, Department of Defense, and Federal Civilian agencies.
Nuance Communications has acquired TouchCommerce, a portfolio company of Second Alpha Partners. Total consideration for the deal was $215 million. Agoura Hills, California-based TouchCommerce provides digital customer service and engagement solutions.
Vista Equity Partners has closed its buy of Marketo Inc, maker of cloud-based marketing software. The $1.79 billion deal was completed Aug. 16. Golub Capital provided a senior credit facility to support the transaction. Wilson Sonsini Goodrich & Rosati served as legal advisor to Marketo. Kirkland & Ellis LLP served as legal advisor to Vista.
Brixey & Meyer Capital said Aug. 16 that the BMC Growth Fund held an $18 million final close. Investors of the fund include entrepreneurs and private investors predominately from Southwest Ohio. Brixey & Meyer invests in lower middle market companies generating $1 to $3 million of cash flow. It focuses on healthcare, distribution, manufacturing and services related industries.
United Road Services, a portfolio company of Charlesbank Capital Partners, said Aug. 16 that Mark Anderson was named President. This is in addition to his role as Chief Operating Officer. Kathleen McCann, United Road’s CEO, will also assume the position of Chairman of the Board. She replaces Michael Eisenson, Managing Director and CEO of Charlesbank, United Road’s majority owner.
Wellington Financial LP said Aug. 16 that Jeff Chapman has joined the firm’s Menlo Park office as Partner and Head of Healthcare & Life Sciences. Chapman recently served as Senior Vice President and Head of Life Sciences at Comerica Bank.
Scintilla Pharmaceuticals Inc, a subsidiary of Sorrento Therapeutics Inc, said Aug 15 that it agreed to buy Semnur Pharmaceuticals Inc for an initial payment of $60 million. Scintilla may also pay another $140 million in cash to Semnur’s equity holders upon achievement of certain development, product approval and commercial milestones. Semnur, a specialty pharmaceutical company, is backed by Canaan Partners, Frazier Healthcare and Vivo Capital.
Essilor International has agreed to buy MyOptique Group. Financial terms weren’t announced. Sellers include Acton Capital Partners, Beringea, Cipio Partners, Index Ventures, Korys and Highland Capital Europe. London-based MyOptique is an online optical retailer.
Yukon Partners said Aug. 16 that it provided mezzanine capital while NXT Capital supplied a credit facility to back Sorenson Capital’s investment in Axiom Materials Inc. Orange County, California-based Axiom makes advanced composite materials and related products for customers in the aerospace & defense, industrial, automotive, medical device, and electronics industries.
Clearlake Capital Group LP said Aug. 15 that it agreed to sell NetMotion Wireless Inc to the Carlyle Group. Financial terms weren’t announced. Seattle-based NetMotion provides mobile security software solutions. Evercore Partners advised NetMotion in the sale to Carlyle. Atlas Technology Group served as financial advisor to the NetMotion Board of Directors in the transaction.