Up and Down

Value of U.S. PE M&A soars, but volume plummets

The total disclosed value of U.S. announced private equity mergers skyrocketed more than 61 percent in third quarter, but the number of deals dropped about 20 percent, according to data from Thomson Reuters.

Corvus Pharmaceuticals rakes in $75 mln Series B

Burlingame, California-based Corvus Pharmaceuticals, a biopharmaceutical company focused on treating cancer, has raised $75 million in Series B funding. Rock Springs Capital Management led the round with participation from other investors that included Fidelity Management and Research Company, Blackrock, Roche Venture Fund, Cormorant Asset Management, venBio Select, Cowen Private Investments, Orbimed, Novo Ventures and Adams Street Partners. Cowen and Company advised Corvus on the transaction.


VC-backed Prosper Marketplace taps LinkedIn’s Barrile as chief product officer

San Francisco-based Prosper Marketplace, the parent of Prosper Funding, an online marketplace for consumer credit, has hired Parker Barrile as chief product officer. Previously, Barrile worked at LinkedIn where he served as vice president of product management. Prosper Marketplace’s backers include Institutional Venture Partners, Phenomen Ventures, Sequoia Capital and BlackRock.


PE HUB First Read

First Read nervously watches the market this morning as China news spreads fear, Intel leads $100 mln investment in Mirantis and Delivery Hero rules out IPO this year.

greek play (1)

Private equity sheds few tears over Greek tragedy

The drama unfolding in Greece hasn’t captured the attention of private equity, which has little exposure to the financially troubled country. Still, some investors are looking for chances to buy assets on the cheap.


PE HUB Second Opinion

In Second Opinion, the House vetos Obama’s trade bill, YouTube takes on Twitch by launching a gaming app and former IMF chief Dominique Strauss-Kahn is cleared of pimping charges.


VC-backed Zuora buys Frontleaf

Zuora has acquired Frontleaf, a customer usage analytics provider. No financial terms were disclosed. Zuora’s backers include Wellington Management Company, BlackRock, Premji, Passport Capital, Benchmark Capital, Greylock Capital, Redpoint Ventures, Index Ventures, Shasta Ventures, Vulcan Capital and Next World Capital.


Domo raises $200 mln at a $2 bln valuation in BlackRock led round

Domo said it raised $200 million of Series D financing in a transaction that valued the company at $2 billion. The round was led by BlackRock, Capital Group and Glynn Capital joined existing investor GGV Capital in the deal. The new money brings Domo’s total funding to more than $450 million.


BlackRock, First Reserve partner on Mexican natural gas pipeline deal

BlackRock and First Reserve have partnered with a subsidiary of Petroleos Mexicanos to buy about 45 percent of the equity interest in two natural gas pipelines — Los Ramones Phase II North and Los Ramones Phase II South. The pipelines are part of a project to build and operate natural gas pipelines to serve as energy infrastructure to transport natural gas from the Eagle Ford shale region in Texas to meet Mexican demand.

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