Posted by : Vicent Tran Monday, March 3, 2014

NJoy, a Scottsdale, Ariz.-based maker of electronic cigarettes, has raised $72 million in new VC funding at a reported $1 billion valuation. New backers include Brookside Capital and Morgan Stanley Investment Management. Existing investors include Catterton Partners, Fidelity Investments and The Founders Fund.

DueDil, a UK-based provider of private company information, has raised $17 million in Series B funding. Oak Investment Partners led the round, and was joined by fellow return backers Notion Capital and Passion Capital.

RainDance Technologies Inc., a Lexington, Mass.-based developer of microdroplet-based solutions for single molecule and single cell analysis, has $16.5 million in new VC funding from GE Ventures and Northgate Capital. This brings the company's Series E round to $36.5 million, including prior commitments from Myriad Genetics Inc., Mohr Davidow Ventures, Quaker BioVentures, Alloy Ventures, Acadia Woods Partners and Sectoral Asset Management.

Berkshire Partners has agreed to acquire Catalina Marketing, a St. Petersburg, Fla.-based consumer marketing company, from Hellman & Friedman. No financial terms were disclosed, although prior reports suggested that bids could come in at between $2 billion and $2.5 billion. Silver Lake also submitted an offer.

Fred's Inc. (Nasdaq: FRED), a Memphis-based chain of retail discount stores and full service pharmacies, has reached out to such possible buyers as H.I.G. Capital, CVS Caremark, Walgreen Co. and Dollar General Corp., according to Bloomberg. The company's current market cap is around $733 million.

FrontStream Holdings LLC, an online corporate philanthropy platform, has acquired TRUiST, a Washington, D.C.-based provider of philanthropy solutions. FrontStream is a portfolio company of Arsenal Capital Partners.

Kohlberg Kravis Roberts & Co. has acquired a majority stake in Sedgwick Claims Management Services Inc., a Memphis, Tenn.-based provider of claims and productivity management solutions, for $2.4 billion. Sellers include Hellman & Friedman and Stone Point Capital, although Stone Point is joining KKR as a minority equity partner.

Modern Healthcare, a Monrovia, Calif.-based provider of specialty pharma services, has acquired two specialty pharmacies: Total Life Care Rx Pharmacy LLC (New Orleans) and Legacy Rx Holdings LLC (Orlando, FL). No financial terms were disclosed. Modern Healthcare is a portfolio company of Altamont Capital Partners.

Northstar Travel Media, a Secaucus, N.J.-based travel media company, has acquired Travel Weekly China, Travel Weekly Asia,and Events China from Singapore-based Contineo Media. No financial terms were disclosed. Northstar Travel is owned by Wicks Group of Companies.

Riverbed Technology Inc. (Nasdaq: RVBD) has received buyout interest at around $25 per share from such firms as Silver Lake, KKR and Thoma Bravo, according to Bloomberg. A $25 per share offer would value the San Francisco-based networking equipment company at around $4.5 billion (including debt). It recently rejected a $21 per share offer from Elliott Management Corp., which previously had offered $19 per share.

Saban Capital, Discovery Communications, Scripps Networks and Viacom all have submitted bids for UK television broadcaster Channel 5, according to the FT. Seller Richard Desmond is seeking around £700 million.

TriArtisan Capital Partners and Sentinel Capital Partners are in "advanced talks" to buy casual restaurant chain TGI Fridays from a subsidiary of Carlson Cos., according to Reuters. The Promotional Code could be valued at between $800 million and $900 million, with Morgan Joseph managing the process.

Castlight Health, an online application that lets companies provide employees with personalized shopping tools for healthcare benefits, has set its IPO terms to 11.1 million shares being offered at between $9 and $11 per share. It plans to trade on the NYSE under ticker symbol CSLT, with Goldman Sachs and Morgan Stanley serving as lead underwriters. Castlight reports a $62 million net loss on $13 million in revenue for 2013, compared to a $35 million net loss on $4 million in revenue for 2012. Shareholders include Venrock (20.6% pre-IPO stake), Oak Investment Partners (15.8%), Maverick Capital (10.2%), Fidelity Investments (9.8%) and The Wellcome Trust (8.7%).

, a San Ramon, Calif.-based provider of cloud contact center software, has filed for a $115 million IPO. It plans to trade on the NYSE under ticker symbol FIVN, with J.P. Morgan, Barclays and BofA Merrill Lynch serving as lead underwriters. The company reports a $31 million net loss on $84 million in revenue for 2013, compared to a $19 million net loss on $64 million in revenue for 2012. Shareholders include Hummer Winblad Venture Partners (23.2% pre-IPO stake), Adams Street Partners (19.8%), Partech International (17.4%), Mosaic Venture Partners (17.4%) and SAP Ventures.

Galmed Pharmaceuticals Ltd., an Israel-based developer of an oral therapy for the treatment of liver diseases and cholesterol gallstones, has set its IPO terms to 2.35 million shares being offered at between $12 and $14 per share. It would have an initial market cap of around $132 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol GLMD, with Maxim Group serving as underwriter.

GrubHub, a Chicago-based online food ordering company, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker symbol GRUB, with Citigroup listed as left lead underwriter. The company reports $6.7 million in net income on $137 million in revenue for 2013. Shareholders include Spectrum Equity (12% pre-IPO stake), Warburg Pincus (9.1%), Thomas H. Lee Partners (8.9%), GS Capital Partners (8.9%), Benchmark (8.3%) and Origin Ventures (6.2%). Read more at

Ignyta Inc., a San Diego-based developer of personalized medicine in autoimmune diseases, has filed for a $46 million IPO. It plans to trade on the Nasdaq under ticker symbol RXDX, with Leerink Partners serving as lead underwriter. Shareholders in the pre-revenue company include City Hill Ventures (24.5% pre-IPO stake), Visium Balanced Master Fund (6.16%) and Colt Ventures.

R.R. Donnelley & Sons Co. (Nasdaq: RRD) Sbarro, a Melville, N.Y.-based chain of pizza stores, is preparing to file for bankruptcy protection, according to Bloomberg.

C. Dean Metropoulos has hired Perella Weinberg Partners to find a buyer for Los Angeles-based beer brand Pabst Blue Ribbon, according to Reuters. Metropoulos acquired Pabst Blue Ribbon in 2010 for $250 million, and is expecting to generate bids of between $500 million and $1 billion.

Comcast has agreed to acquire FreeWheel, a San Mateo, Calif.-based online ad-serving platform for TV broadcasters, for approximately $320 million, according to TechCrunch. FreeWheel had raised around $37 million in VC funding from Battery Ventures, Foundation Capital, Steamboat Ventures and Turner Broadcasting.

Montagu Private Equity has hired PricewaterhouseCoopers to find a buyer for UK-based electronics retailer Maplin, according to The Guardian. The deal could be worth upwards of £200 million.

Fast Retailing Co. (Tokyo: 9983) and South Korea's E.Land Group are considering separate acquisition offers for U.S. apparel retailer J. Crew Group Inc., according to Reuters. J. Crew owners Leonard Green & Partners and TPG Capital would be seeking a minimum of $5 billion, and also are considering an IPO. The firms purchased J. Crew for $2.8 billion in 2011.

Themes Investment Partners has sold Standard Water Group, a Chinese wastewater treatment company, to Beijing Enterprise Water Group (HK: 371) for approximately $218 million.

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