InvesTools Inc. (Nasdaq: IEDU) has agreed to acquire ThinkorSwim Group Inc., operator of an online brokerage platform. The deal is valued at approximately $340 million, including $170 million in cash and 19.1 million IEDU common shares (30% stake). To help fund the deal, InvesTools will receive a $125 million senior term loan and a $25 million revolving credit facility from JPMorgan. TwinkorSwim raised $22.5 million in VC funding in 2004 from Technology Crossover Ventures. www.thinkorswim.com
DATAllegro, an Aliso Viejo, Calif.-based provider of data warehousing appliances, has raised $22.5 million in Series C funding. Jafco Ventures led the deal, and was joined by Focus Ventures and return backers Adams Capital Management, Intel Capital, Palomar Ventures and Venrock Associates. www.datallegro.com
Jim Kilts, former chairman and CEO of The Gillette
VC Deals |
Solaria Inc., a Fremont, Calif.-based developer of photovoltaic module production solutions, has raised $22 million in Series B funding. Backers include Sigma Partners, NGEN Partners, Q-Cells AG Moser Baer. www.solaria.com
Netadmin, a Sweden-based provider of management software for broadband operators, has raised SEK 44 million ($6.06 million) from Eqvitec. www.netadmin.se
Dexterra Inc., a Bothell, Wash.-based provider of mobile workforce and field service software, has raised $6 million in additional Series D funding, according to a regulatory filing. This brings the round total to $18 million. Backers include Canaan Partners, Motorola Ventures, Intel Capital, SagusCapital and Sigma Partners. www.dexterra.com
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Canesta Inc., a Sunnyvale, Calif.-based developer of chips that help computers measure 3D spaces, has raised $5 million in venture capital from Honda Strategic Ventures. Canesta has raised over $40 million in total VC funding, from firms like Carlyle Venture Partners, Venrock Associates, JPMorgan Partners and Korea Global IT Fund. www.canesta.com
Cyren Call Communications Inc., a McLean, Va.-based provider of a mobile communications network for public safety and emergency responders, has raised $4 million in Series A funding, according to a regulatory filing. Backers include Columbia Capital, Battery Ventures, Oak Investment Partners and New Enterprise Associates. www.cyrencall.com
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KKR is considering a revised offer for Australian retailer Coles Myer, which already has rejected a Au$17 billion bid. Coles Myer releases earnings today, and The Australian Financial Review reports that KKR has scheduled a conference call with its consortium