226 Views

VC-backed Xactly files for IPO

San Jose, Calif.-based Xactly, a provider of sales performance management solutions, 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. J.P. Morgan Securities LLC and Deutsche Bank AG Securities Inc will serve as the lead underwriters. The company’s backers include Alloy Ventures, Bay Partners, Glynn Capital Management, Outlook Ventures and Rembrandt Ventures.

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Apollo agrees to buy Protection 1 and ASG Security

Apollo Global Management LLC has agreed to acquire two security monitoring companies Protection 1 and ASG Security. No financial terms were disclosed for the transaction that is expected be completed in mid-2015. Both companies will merge and operate under the Protection 1 brand. Credit Suisse, Barclays, Deutsche Bank, Jefferies and RBC are providing the financing for the deal. Morgan Stanley and Raymond James are providing financial advice to Protection 1 while Goldman Sachs is doing likewise for ASG Security.

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peHUB Second Opinion

In Second Opinion, Deutsche Bank is set to pay a record fine in its Libor case, Trek recalls nearly one million bikes after a rider becomes paralyzed and Heineken and CFAO will build a $164 million brewery in the Ivory Coast.

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peHUB First Read

First Read begins your morning with news Hillary Clinton is set to announce her presidential run as soon as this weekend, Apple Watch pre-orders have begun and GE announces a massive sale with Blackstone.

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Evercore recruits Andrews as a senior managing director

Evercore has hired David Andrews as a senior managing director in its investment banking business. Andrews will work in Evercore’s energy group. Previously, Andrews worked at Deutsche Bank where he served as a managing director and head of oilfield services coverage.

444 Views

Madison Dearborn Partners to acquire Walgreens Infusion Services

Madison Dearborn Partners has agreed to buy a majority stake in Walgreens Infusion Services, a provider of home and alternate treatment site infusion services. No financial terms were disclosed for the transaction that is expected to close during the second quarter of calendar 2015. BofA Merrill Lynch provided financial advice to Walgreen Co. while Barclays, Deutsche Bank and Goldman Sachs advised MDP.

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TCV promotes two to GP and one to principal

Technology Crossover Ventures has promoted Ted Coons and Daniel O’Keefe to general partners and Sean Giese to principal. Coons and O’Keefe are based in New York while Giese is in the firm’s Palo Alto, Calif. headquarters. Prior to joining TCV, Coons was a managing director at Blackstone; O’Keefe was a principal at North Bridge and a senior vice president at Pequot Capital; and Giese worked at Deutsche Bank in the tech M&A group.

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peHUB First Read

First Read navigates the Nor’easter with news Deutsche Bank has been charged with tax fraud, diversity slowly grows in the venture capital world and the price of oil just keeps falling.

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Vista completes NAVEX acquisition from Riverside

Vista Equity Partners has closed its buy of NAVEX from Riverside. No financial terms were disclosed. Deloitte, Deutsche Bank, Jones Day and Piper Jaffray advised Riverside on the transaction. Based in Lake Oswego, Oregon, NAVEX is a provider of governance, risk and compliance solutions.

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Investindustrial to acquire majority stake in Goldcar

Investindustrial has agreed to buy a 80 percent stake in Goldcar, a Spain-based holiday car rental firm. The founders and sellers will retain the remaining 20 percent stake. No financial terms were disclosed; however, Deutsche Bank provided the financing while JP Morgan and Lazard served as financial advisors. The deal is expected to be completed in the second half of December 2014.

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