BuyWithMe, the Boston-based daily deals site, acquired ScoopSt, the New York-based daily deals site. Specifics of the transaction were not publicized. Lately, BuyWithMe has grown via M&A, including deals to acquire Groop Swoop, DealADayOnline and LocalTwist. BuyWithMe is backed by VCs Bain Capital Ventures and Matrix Partners.
SironRX Therapeutics, the Cleveland-based regenerative therapies company for dermal and bone healing, completed a $3.4 million Series A round led by North Coast Angel Fund and including Cleveland Clinic, JumpStart Inc., Fletcher Spaght Investments, Glengary LLC, Ohio Tech Angel Fund III, Early Stage Partners, X Gen Ltd. and a significant number of individuals.
Mitch Hill will join Opscode as CEO, succeeding Jesse Robbins in that role. Robbins has moved to a role as the company’s chief community officer. Opscode, based in Seattle, is backed by Draper Fisher Jurvetson and Battery Ventures.
WhaleShark Media Inc., operator of online coupon and deal sites, used a subsidiary to acquire European eConversions Ltd., an operator of coupon sites in Germany and the UK. The Texas-based company is backed by Austin Ventures, Norwest Venture Partners, Adams Street Partners and Google Ventures.
Nido Quebin, president of High Point University, has been elected to the board of directors of Cleveland-based Dots LLC, a fashion retailer included in the portfolio of private equity firm Irving Place Capital. Quebin’s other governance positions include board seats with BB&T and La-Z-Boy.
Openview Partners, the Boston-based venture capital firm, will add former Amazon executive Bill Price to its ranks as a senior advisor. Price joins Openview Labs, a strategic and operational consulting group for the VC’s portfolio. Previously, he had served as VP of global customer service with Amazon.
(Reuters) – English Premier League football champions Manchester United plans a $1 billion initial public offering (IPO) in Singapore by the end of the year, depending on market conditions, IFR reported on Tuesday, citing a source with direct knowledge of the plans. Morgan Stanley and at least one other bank were close to winning the […]
Buyout shop Permira is paying $440 million in cash to buy publicly traded education software company Renaissance Learning Inc. At $14.85 per share, the purchase price represents a 26% premium over the company’s closing price Monday. Wisconsin-based Renaissance makes technology-based school improvement and student assessment programs for K-12 schools.
Greenbriar Equity Group will pay up to $185 million to buy publicly traded Anixter International Inc., a distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts. The deal includes $155 million in cash payments and up to $30 million if certain milestones are reached. The deal is expected to close in the third quarter.
Germany is looking for private investors to buy part of Daimler’s stake in aerospace group EADS, Reuters learned Tuesday. Daimler, the automaker, owns 15% of EADS and has made it clear that it would like to reduce its stake. Germany’s government however, is interested in preserving the Franco-German balance of ownership in EADS, Reuters wrote. The French government and French media group Lagardere hold a combined 22.5% interest in EADS.