Orbitz Worldwide Inc., a Chicago-based operator of a travel reservations website, has filed for a $750 million IPO. Underwriters include Morgan Stanley, Goldman Sachs, Lehman Brothers and JPMorgan. Orbitz is a subsidiary of Travelport Ltd., which Blackstone Group and Technology Crossover Ventures bought last year from Cendant for $4.3 billion. It later added on PE-backed […]
Allied Capital has agreed to sell its majority equity interest in Healthy Pet Corp. to VCA Antech Inc. (Nasdaq: WOOF). The deal values HPC at approximately $153 million, and is expected to close later this quarter. HPC is a Shelton, Conn.-based operator of veterinary hospitals, and received its first backing from Allied Capital in 2005. […]
PlayPhone Inc., a San Jose, Calif.-based mobile media and entertainment company, has raised $18.75 million in Series C funding. Scale Venture Partners led the deal, and was joined by return backers Cardinal Venture Partners and Menlo Ventures. The company previously raised around $12.1 million in venture funding, since its 2003 formation. www.playphone.com
Jajah Inc., a Menlo Park, Calif.-based Internet telephone company, has raised $20 million in Series C funding. Intel Capital led the deal, and was joined by return backers Sequoia Capital and Globespan Capital Partners. It previously had raised around $8 million. www.jajah.com
StrongMail Systems Inc., a Redwood shores, Calif.-based provider of email delivery software, has raised $13 million in third-round funding. DAG Ventures led the deal, and was joined by return backers Evercore Partners, Globespan Capital Partners and Sequoia Capital. The company previously had raised $15.5 million. www.strongmail.com
Tutor.com, a New York-based provider of live online tutoring services, has raised $9.5 million in its second round of VC funding since a 2006 recap. Intel Capital led the round, and was joined by Ascend Venture Group, Kidron Opportunity Fund and return backer Dawntreader Ventures. Tutor.com also raised $4 million in venture debt from MMV […]
Olive Software Inc., a Santa Clara, Calif.
Canon Communications LLC of Los Angeles has acquired four manufacturing technology events from UK-based Trident Exhibitions Ltd. The shows are: IPOT; Machine Vision and Displays Technology; MTEC; Machine Building, Drives & Automation; and Practical Vacuum. No financial terms were disclosed. Canon is controlled by Spectrum Equity Investors. www.cancom.com
GMAC Insurance, a business unit of GMAC Financial Services, has agreed to acquire Provident Insurance, the UK-based automotive insurance division of Provident Financial PLC. The deal is valued at approximately
AIG Highstar Capital has sold its 50% stake in Northern Star Generation LLC to UBS Americas for an undisclosed amount. Northern Star is a Houston, Texas-based owner, operator, and acquirer of U.S. energy facilities. It was formed in early 2004 by AIG Highstar and Ontario Teachers' Pension Plan (which is maintaining its position). www.northernstargen.com