117 Views

NGL Energy Partners to acquire PE-backed Magnum for $280 mln

NGL Energy Partners has agreed to buy Haddington Ventures-backed Magnum NGLs LLC, which owns and operates a natural gas liquids storage facility in Utah. The estimated price of the acquisition is $280 million. RBC Capital Markets LLC is providing financial advice to NGL on the transaction while Simmons & Company International is acting as financial advisor to Magnum Development and Haddington Ventures.

VC-backed Infraredx sets IPO pricing terms

Burlington, Massachusetts-based Infraredx, a cardiovascular imaging firm, has priced its IPO of 4 million shares at between $13 and $15 a share. The stock will trade on the NASDAQ under the ticker symbol “REDX.” RBC Capital Markets LLC Canaccord Genuity Inc and BMO Capital Markets Corp are serving as lead underwriters. Its backers include Sanderling Ventures, Nipro Corp. and Eastwood Capital.

209 Views

Newalta to sell industrial unit to Birch Hill for $300 mln

Environmental solutions provider Newalta has agreed to sell its industrial division to Birch Hill Equity Partners for $300 million. The transaction is expected to be completed in the first quarter of 2015. RBC Capital Markets provided financial advice to Newalta on this deal.

183 Views

UMB to acquire Marquette Financial Companies for $182.5 mln

UMB Financial Corp. has agreed to buy Marquette Financial Companies, which is owned by the Pohlad family, in an all-stock deal. According to terms of the agreement, the Pohland family will receive about $182.5 million (or 3.4 million shares) based on UMBF’s closing price of $53.16 on December 12, 2014. RBC Capital Markets provided financial advice to UMB while D.A. Davidson was financial adviser to MFC. The transaction is expected to close in mid-2015.

TierPoint completes Xand acquisition from ABRY Partners

TierPoint has closed its previously announced buy of Xand from ABRY Partners. No financial terms were disclosed. DH Capital was financial advisor to ABRY and Xand while RBC Capital Markets and Credit Suisse will provide debt financing for the transaction. Headquartered in St. Louis, Missouri, Xand provides colocation, cloud, disaster recovery and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts.

151 Views

GIC to buy IndCor from Blackstone for $8.1 bln

Blackstone said late Monday that it has agreed to sell IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8.1 billion. IndCor, as a result, will no longer be pursuing an IPO, the statement said. IndCor owns and operates a portfolio of 117 million square feet of industrial properties throughout the United States. Eastdil Secured, Citigroup, Barclays and RBC Capital Markets acted as advisors to Blackstone.

184 Views

Kelso and Estancia to acquire PE-owned American Beacon parent Lighthouse Holdings

Kelso & Company and Estancia Capital Management have agreed to buy Lighthouse Holdings, the parent company of American Beacon. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of 2015. RBC Capital Markets and Barclays are providing debt financing for the transaction. Sandler O’Neill + Partners is advising Kelso & Company and Estancia Capital Management while J.P. Morgan Securities is advising American Beacon. American Beacon is a provider of investment advisory services to institutional and retail markets. Lighthouse Holdings is owned by TPG Capital and Pharos Capital Group.

216 Views

Fifth Street Asset Management rolls out IPO

Fifth Street Asset Management, a credit-focused asset manager, has raised $102 million for its IPO after pricing its 6 million shares at $17 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “FSAM.” Morgan Stanley, J.P. Morgan, Goldman Sachs, RBC Capital Markets and Credit Suisse are the lead underwriters.

293 Views

Metalmark Capital invests in Collagen Matrix

Collagen Matrix has received an undisclosed investment from Metalmark Capital. RBC Capital Markets was financial advisor on the transaction. Headquartered in Oakland, NJ, Collagen Matrix is a provider of products and technology used in tissue repair and regeneration.

329 Views

ABRY Partners to sell Xand to TierPoint

TierPoint has agreed to buy Xand from ABRY Partners. Financial terms weren’t announced. Ontario Teachers’ Pension Plan is also investing. Xand provides colocation, cloud, disaster recovery, and managed services with six data centers in New York, Pennsylvania, Connecticut, and Massachusetts. RBC Capital Markets and Credit Suisse are providing debt financing. DH Capital provided financial advice to ABRY/Xand.

174 Views

Apax Partners to acquire Dutch software firm Exact

Apax Partners has agreed to buy Exact Holding for 730 million euros, the latter firm confirmed on its site. Rothschild and Lazard are providing financial advice to Exact on the transaction while Leonardo & Co., RBC Capital Markets, Deutsche Bank and ING Corporate Finance are serving as financial advisors to Apax. Based in The Netherlands, Exact is a business software provider. To read the announcement, visit here.

143 Views

VC-backed pet insurance firm Trupanion debuts IPO

Trupanion has launched its IPO after pricing its 7.125 million shares at $10 per share. The stock began trading Friday on the NYSE under the ticker symbol “TRUP.” RBC Capital Markets, Barclays and Stifel are the lead underwriters. Based in Seattle, Trupanion is a pet insurance provider. It is backed by Maveron and Highland Capital Partners.

VC-backed TubeMogul cuts IPO pricing terms

According to an amended SEC filing, TubeMogul has reduced its IPO pricing terms. It now plans on selling its IPO of 6.25 million shares between $7 and $8 per share as opposed to an earlier intention of selling it between $11 and $13 per share. The stock will list on the NASDAQ under the ticker symbol “TUBE.” BofA Merrill Lynch, Citigroup, RBC Capital Markets, BMO Capital Markets and Oppenheimer & Co. will serve as lead underwriters. Based in Emeryville, Calif., TubeMogul is an online video marketing company. Its backers include SingTel Innov8, Cross Creek Capital, Digital Advertising Consortium, Foundation Capital and Trinity Ventures.

104 Views

VC-backed TubeMogul sets pricing terms for IPO

According to an amended SEC filing, TubeMogul has priced its IPO of 6.25 million shares between $11 and $13 per share. Also, the company plans on listing the stock on the NASDAQ under the ticker symbol “TUBE.” BofA Merrill Lynch, Citigroup, RBC Capital Markets, BMO Capital Markets and Oppenheimer & Co. will serve as lead underwriters. Based in Emeryville, Calif., TubeMogul is an online video marketing company. Its backers include SingTel Innov8, Cross Creek Capital, Digital Advertising Consortium, Foundation Capital and Trinity Ventures.

152 Views

SoftBank Capital leads Series B round for IgnitionOne

Digital marketing tech company IgnitionOne said Thursday that it has closed $20 million in Series B funding. SoftBank Capital led the round with participation from return backers that include ABS Capital Partners and Brown Savano. RBC Capital Markets served as placement agent for the financing.

127 Views

GI Partners completes Peak 10 acquisition

GI Partners has closed its previously announced buy of Peak 10. No financial terms were disclosed. Credit Suisse, RBC Capital Markets and Jefferies provided the financing for the transaction. Based in Charlotte, North Carolina, Peak 10 is an operator of data centers.

201 Views

VC-backed pet insurance firm Trupanion files for IPO

Trupanion 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. RBC Capital Markets, Barclays and Stifel will serve as the lead underwriters. Based in Seattle, Trupanion is a pet insurance provider. It is backed by Maveron and Highland Capital Partners.

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