The Robots are coming for our ... Doctors?

Teachers are returning to space or at least their money is, while restaurants are once again joining the “It” crowd. Email is making a comeback even as social media is trying to kill it. The Terminator is breaking into the Energy Sector while biotech continues to get all the best invites to the ball.

VENTURE DEALS

• Fungible, a Santa Clara, Calif.-based provider of data-centric computing, raised $200 million in Series C funding. SoftBank Vision Fund led the round and was joined by investors including Norwest Venture Partners.

• Restaurant365, an Austin and Irvine, Calif.-based provider of cloud-based restaurant accounting software, raised $88 million in funding. ICONIQ Capital led the round.

• Aera Technology, a Mountain View, Calif.-based firm focused on self-driving execution, raised $80 million in Series C funding. DFJ Growth led the round and was joined by investors including New View Capital and Georgian Partners.

• Sanifit, a Spain and San Diego-based biopharmaceutical company focused on treating progressive vascular calcification disorders, raised $80.9 million in funding. Caixa Capital Risc led the round.

• Laiye, a Beijing-based AI concierge service, raised $35 million in Series B funding led by Cathay Innovation, and was joined by investors including Wu Capital and Lightspeed China Partners.

• Superhuman, a San Francisco-based email ordering app, raised a $33 million in Series B funding. Andreessen Horowitz led the round. Read more.

• Calysta, a Menlo Park, Calif.-based firm focused on protein animal feed, raised $30 million in funding. BP Ventures was the investor.

• Ultivue, a Cambridge, Mass.-based provider of tissue biomarker identification, raised $22 million in Series C funding. Northpond Ventures led the round and was joined by investors including ARCH Venture Partners, 6 Dimensions Capital, Yonghua Capital, and Applied Ventures.d

• Vaxess Technologies, a Cambridge, Mass.-based biotechnology company focused on silk-powered MIMIX smart release patch, closed its $8.2 million Series A round. The Engine led the round.

• ConnexPay, a Minneapolis travel industry payments provider, raised $7 million in Series A funding. BIP Capital led the round.

• VIA, Somerville, Va.-based artificial intelligence and blockchain provider focused on the energy and utility industry, raised $7 million in seed funding from Westly Group.

• WeGift, a London-based firm for digital rewards and automated gift card transactions, raised 4 million pounds ($5.1 million) in Series A funding. Stride.vc and was joined by investors including SAP.iO Fund and Unilever Ventures.

• Homeroom, a San Francisco-based platform for after-school tutoring sessions, raised $3.5 million in seed funding. Forerunner Ventures led the round and was joined by investors including Felicis Ventures, Precursor Ventures and Kapor Capital.

• Opendorse, a Lincoln, Neb.-based athlete marketing platform, raised $3.1 million in funding. Serra Ventures and Flyover Capital led the round.

• 3Box, a Brooklyn, N.Y.-based enterprise platform developer focused on cloud storage, raised $2.5m in a seed round led by Placeholder Ventures, where he is a venture partner.

• C2RO, a Montreal-based robotics SaaS platform, raised C$2.25 million ($1.7 million) in funding. Fonds Innovexport led the round and was joined by investors including GCI Capital Inc, Harbor Street Ventures, Tandemlaunch, and Ministere de Economie et L’Innovation.

PRIVATE EQUITY DEALS

• Lego’s founding family and Blackstone Group agreed to acquire Merlin, the owner of Madame Tussauds, for $7.5 billion deal, per Reuters.

• Ontario Teachers’ Pension Plan invested in SpaceX, the maker and operator of rockets and spacecraft.

• Chico’s FAS Inc rejected the most recent buyout offer from Sycamore Partners. Sycamore planned to offer $3 a share cash or $350 million. Read more.

• Temasek Holdings agreed to acquire 21.7% of Li & Fung Ltd’s subsidiary LF Logistics Holdings for $300 million, per Reuters.

• KKR and Blackrock closed a deal to acquire 40% of Abu Dhabi National Oil Company‘s pipelines for $4 billion, per Reuters.

• Incline Equity Partners acquired Brown & Joseph, an Itasca, Ill.-based debt collection agency.

• MPE Partners invested in Garmat USA, an Englewood, Colo.-based provider of products for automotive collision repair.

• Illuminate Education, a portfolio company of Insight Partners, acquired FastBridge Learning, a Minneapolis-based assessment platform that helps teachers monitor student progress.

• Advent International agreed to acquire a majority stake in Transaction Services Group, a provider of business management software and payments solutions.

• Arlington Capital Partners made a majority investment in Riverpoint Medical, a Portland, Ore.-based maker of medical devices.

• Persistence Capital Partners invested in Anova Fertility & Reproductive Health, a Toronto-based provider of fertility and reproductive care.

OTHER DEALS

• Bracco Imaging S.p.A agreed to acquire Blue Earth Diagnostics, an Oxford, U.K.-based molecular imaging company, for $450 million.

• Quanterix agreed to acquire Uman Diagnostics, an Umea, Sweden-based supplier of neurofilament light antibodies and ELISA kits focused on neurodegenerative conditions. Quanterix agreed to pay $16 million in cash and $6.5 million in Quanterix stock.

• Mood Media acquired all the assets of South-Central A\V, a Nashville-based affiliate of mood focused on audiovisual systems.

IPOS

• Belle International filed plans to spin off its sportswear business through an $1 billion Hong Kong IPO, Reuters reports citing sources.

• Change Healthcare, a healthcare tech firm, raised $557 million in an offering of 42.9 million shares priced at $13, below its $16 to $19 range. The firm posted revenue of $3.3 billion and income of $176.7 million in the year ending March 2019. McKesson, Blackstone, and Hellman & Friedman back the firm. Barclays, Goldman Sachs, and J.P. Morgan are underwriters.

• BridgeBio Pharma, a Palo Alto, CA-based Phase 3 biotech for genetic diseases, raised $349 million in an offering of 20.5 million shares priced at $17, above its $14 to $16 range. It has yet to post a revenue and posted losses of $144 million in 2018. KKR and Viking back the firm. J.P. Morgan, Goldman Sachs, Jefferies, SVB Leerink, KKR, Piper Jaffray, Mizuho Securities, BMO Capital Markets, and Raymond James are underwriters.It plans to list on the Nasdaq as “BBIO.”

• Adaptive Biotechnologies, a Seattle-based maker of an immunosequencing platform for diagnosing diseases, now plans to raise $300 million in an IPO of 15 million shares priced between $18 to $19. It posted revenue of $55.7 million and loss of $46.4 million in 2018. Viking Global (36% pre-offering) and Matrix Capital (16.4%) back the firm. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Cowen, Guggenheim Securities, William Blair, and BTIG are underwriters.  It plans to list on the Nasdaq as “ADPT.”

• Health Catalyst, a Salt Lake City-based provider of a data analytics platform and services to healthcare organizations, filed for a $100 million IPO. The firm posted revenue of $112.6 million in 2018 and losses of $62 million. Sequoia (21.9% pre-offering), Norwest (21%), and UPMC (6.3%) back the firm. Goldman Sachs, J.P. Morgan and William Blair are underwriters. It plans to list on the Nasdaq as “HCAT.”

• Howard Midstream Partners LP, a San Antonio, Texas-based operator of midstream energy assets in Texas and Pennsylvania, withdrew plans for a $200 million IPO.

• Morphic Holding, Waltham, Mass-based maker of oral small-molecule integrin therapeutics for various chronic diseases, raised $90 million in an IPO of 5 million shares priced at $15, the midpoint of its range It posted revenue of $3.4 million in 2018 and loss of $23.8 million. GlaxoSmithKline (9.8% pre-offering) and Pfizer (9.3%) back the firm. Jefferies, Cowen, BMO Capital Markets, and Wells Fargo Securities are underwriters. It plans to list on the Nasdaq as “MORF.”

• Karuna Therapeutics, a Boston-based Phase 2 biotech developing therapies for schizophrenia and other CNS disorders, raised $89 million in an offering of 5.6 million shares priced at $16, at the midpoint of its $15 to $17 range. It has yet to post a revenue and posted losses of $17.5 million in 2018. PureTech Health, ARCH Ventures, and The Wellcome Trust back the firm. Goldman Sachs, Citi and Wells Fargo Securities plans to list on the Nasdaq as “KRTX.”

• WiMi Hologram Cloud, a Beijing-based holographic augmented reality application platform, filed for a $50 million in an initial public offering. The firm posted revenue of $32.8 million in 2018 and income of $13.3 million. The Benchmark Company, Maxim Group LLC, China Merchants Securities, AMTD Global Markets, BOCI Asia, China Everbright, GF Securities, and Axiom Capital Management are underwriters. It plans to list on the Nasdaq as “WIMI.”

EXITS

• Centerbridge Partners L.P. agreed to acquire Solidus Solutions, a European producer of sustainable-fibre based packaging solutions, for an enterprise value of €330 million ($375.5 million), from Aurelius Equity Opportunities.

• Equistone Partners Europe is in exclusive negotiations to acquire Sateco, a French firm focused on manufacturing and distribution of metal formwork equipment for construction sites, from Naxicap Partners.

• Court Square Capital Partners agreed to acquire Offen Petroleum, a Commerce City, Colo.-based provider of petroleum logistics services, from Lariat Partners.

• Lightyear Capital and Ontario Teacher’s Pension Plan agreed to acquire Lendmark Financial Services, a Lawrenceville, Ga.-based consumer finance platform. from Blackstone. No financial terms were disclosed.

FIRMS + FUNDS

• Deerfield Management plans to raise $1 billion for Deerfield Healthcare Innovations Fund II, per an SEC filing.

• Top Tier Capital Partners plans to raise $350 million for Top Tier Venture Capital IX, per an SEC filing.

• Bookend Capital Partners plans to raise $300 million for its debut fund, per an SEC filing.

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