• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

2

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

3

Current price of oil as of May 15, 2026

1

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

2

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

3

Current price of oil as of May 15, 2026
FinanceTerm Sheet

Deals of the day: Trinseo sets IPO terms

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
June 2, 2014, 11:30 AM ET
International
contract armin harrisKyle Bean for Fortune

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Venture Capital Deals

Concurrent Inc., a San Francisco-based enterprise data application platform company, has raised $10 million in Series B funding. Bain Capital Ventures led the round, and was joined by return backers Rembrandt Ventures and True Ventures. www.concurrentinc.com

Fortscale Security Ltd., an Israeli provider of cyber-attack protection solutions, has raised $10 million in VC funding. Intel Capital and Blumberg Capital co-led the round, and were joined by return backer Swarth Group. www.fortscale.com

Commerce Guys
, developer of an ecommerce platform, has raised $7.3 million in Series B funding. Hi Inov led the round, and was joined by return backers ISAI, Alven Capital and Open Ocean Capital. www.commerceguys.com

Sente Inc.
, a San Diego-based developer of medical skincare products, has raised $5 million in Series C funding. No investor information was disclosed. www.sentelabs.com

DefiniGEN Ltd., a UK-based provider of stem cell life science products and services, has raised £1 million in Series A funding. Cambridge Enterprise and 24 Haymarket co-led the round, and were joined by LBA, Wren Capital, Ranworth Capital, Abcam PLC, Providence Investment Company and Cambridge Capital Group. www.definigen.com

Private Equity Deals

AEA Investors and the Ontario Teachers’ Pension Plan has completed their acquisition of San Ramon, Calif.-based health club chain 24 Hour Fitness Worldwide Inc. No financial terms were disclosed.

The Carlyle Group has agreed to acquire a controlling stake in Oyatsu Company, the Japanese maker of Baby-Star brand ramen snacks. No financial terms were disclosed, but local news reports put the price-tag at approximately $194 million. www.carlyle.com

First Reserve is partnering with China-listed Zhenghe Industrial Group Company Ltd. to pursue oil and gas investment opportunities in China and Central Asia. No financial terms were disclosed. www.firstreserve.com

Francisco Partners has acquired a majority stake in PayLease, a San Diego–based online payments provider for the property management and home owner association industry. No financial terms were disclosed, except that existing shareholder Mainsail Partners will retain an ownership position (as will PayLease’s founders and management). www.paylease.com

GTCR has completed its previously-announced take-private acquisition of Vocus Inc., a Beltsville, Md.–based provider of cloud marketing software. The deal was valued at  approximately $446.5 million in cash, or $18 per share. www.vocus.com

HighWire Press, an auxiliary unit of Stanford University Libraries that provides technical services to scholarly publishers, has raised an undisclosed amount of private equity funding from Accel-KKR. www.highwire.org

Industrial Magnetics Inc., a Boyne City, Mich.-based portfolio company of River Associates Investments, has acquired Prater-Sterling Inc., a Bolingbrook, Ill.-based maker of particle processing equipment and control systems. No financial terms were disclosed, except that the deal was backed by $32.5 million in senior secured credit facilities arranged by Abacus Finance Group. www.magnetics.com

Montagu Private Equity and Astorg Partners have agreed to acquire Sebia, a French in-vitro diagnostics protein testing business, from Cinven. No financial terms were disclosed. www.sebia.com

Palladium Equity Partners has acquired Q’Max Solutions Inc., a Calgary–based oilfield services company with operations in Latin America, North America and Asia.  No financial terms were disclosed. Sellers include Banyan Capital Partners. www.qmaxsolutions.com

Sentinel Capital Partners has acquired PlayCore, a Chattanooga, Tenn.–based maker of playground and recreational equipment, from Irving Place Capital. No financial terms were disclosed. www.playcore.com

IPOs

Pacific Equity Partners said that it is considering flotation for Australian toiletries maker Asaleo Care Ltd. that could raise up to A$690 million. www.pep.com.au

Trinseo SA, a Berwyn, Penn.-based specialty polymers and plastics company owned by Bain Capital, has set its IPO terms to 10 million shares being offered at between $17 and $19 per share. It would have an initial market cap of around $851 million, were it to price in the middle of its range. The company plans to trade on the NYSE under ticker symbol TSE, with Goldman Sachs listed as left lead underwriter (12 banks listed overall). Trinseo reports a $22 million net loss on $5.3 billion of revenue for 2013, compared to $30 million in net income on $5.45 billion in revenue for 2012.

M&A

Aduro BioTech has agreed to grant Janssen Biotech Inc., a subsidiary of Johnson & Johnson(NYSE: JNJ), an exclusive global license to certain prostate cancer-focused immunotherapy product candidates, for upwards of $365 million in upfront license fees and milestone payments. Aduro BioTech is a Berkeley, Calif.-based immunotherapy developer that has raised over $30 million in VC funding from such firms as Morningside Ventures. www.adurobiotech.com

Dai-ichi Life Co., a Japanese life insurance company, is in “advanced talks” to buy Birmingham, Ala.-based Protective Life Corp. (NYSE: PL) for more than $5 billion, according to Reuters. Protective Life closed trading Friday with a market cap just north of $4.1 billion. Read more.

GlaxoSmithKline (LSE: GSK) has entered into a strategic collaboration and licensing agreement with UK-based Adaptimmune Ltd. to further develop and commercialize a cancer treatment focused on strengthening white blood cells. The deal could be worth upwards of a $350 million. www.adaptimmune.com

Marathon Oil Corp. (NYSE: MRO) has agreed to sell its Norwegian business for around $2.1 billion toDet norske oljeselskap ASA (Oslo: DETNOR). The deal is expected to close in Q4. In other Marathon news, the company said that it will no longer pursue a sale of its UK North Sea business, after not receiving an “acceptable offer.” www.detnor.no

Roche has agreed to acquire Genia Technologies, a Silicon Valley developer of a single-molecule, semiconductor-based DNA sequencing platform, for upwards of $350 million. The deal includes $125 million in cash plus up to another $225 million in milestone payments. www.geniachip.com

LGV Capital has sold British pub chain Amber Taverns in a management buyout sponsored byBlueBay Asset Management and MxP Partners. No financial terms were disclosed, but various press reports put the price-tag at around £80 million. www.ambertaverns.co.uk

Nokia
 has acquired Desti, a Menlo Park, Calif.-based travel planning app, for an undisclosed amount. Desti was a spinout from SRI International, which also had raised a small amount of funding from Carmel Ventures and Horizons Ventures. Nokia will merge the Desti assets into its HERE mapping business. www.nokia.com

TrueBlue (NYSE: TBI) has agreed to acquire SeatonCorp, a Chicago-based provider of recruiting and outsourcing solutions, from Leeds Equity Partners. The deal is valued at approximately $310 million in cash, and is expected to close in early Q3. www.trueblueinc.com

Sign up for Dan Primack’s daily email newsletter on deals and deal-makers: GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

tom
SuccessEntrepreneurs
Top Chef’s Tom Colicchio got a 15x return on a tech company most Americans have never heard of. He thinks his own industry is broken
By Nick LichtenbergMay 16, 2026
2 hours ago
bhaskar
Economydisruption
The prophet of the ‘Wired Belt’ says capitalism is finally eating itself
By Bhaskar ChakravortiMay 16, 2026
3 hours ago
cyborg
Future of WorkProductivity
AI’s cyborg problem: you have to embrace it to really succeed but 90% of people can’t or don’t want to
By Nick LichtenbergMay 16, 2026
4 hours ago
greg
Personal FinanceAviation
Mamdani’s New York is coming to tax your private jet. Here’s how to prepare
By Greg RaiffMay 16, 2026
4 hours ago
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, and US President Donald Trump during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports "very shortly" but spare goods from companies like Apple Inc. that have pledged to boost their US investments. Photographer: Will Oliver/EPA/Bloomberg via Getty Images
Big TechDonald Trump
How Trump’s ‘unusual’ brokerage account traded around his own market-moving decisions—selling hyperscalers and buying energy stocks during the war
By Eva RoytburgMay 15, 2026
14 hours ago
Berkshire triples Alphabet stake and buys Delta stock while dumping Amazon in Greg Abel’s first quarter as CEO
InvestingBerkshire Hathaway
Berkshire triples Alphabet stake and buys Delta stock while dumping Amazon in Greg Abel’s first quarter as CEO
By Josh Funk and The Associated PressMay 15, 2026
14 hours ago

Most Popular

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
3 days ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Current price of oil as of May 15, 2026
Personal Finance
Current price of oil as of May 15, 2026
By Joseph HostetlerMay 15, 2026
1 day ago
Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers
Travel & Leisure
Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers
By Catherina GioinoMay 12, 2026
4 days ago
The airplane fuel shortage is a myth propagated by airlines who want to cancel unprofitable flights, says private jet CEO
Energy
The airplane fuel shortage is a myth propagated by airlines who want to cancel unprofitable flights, says private jet CEO
By Jim EdwardsMay 14, 2026
2 days ago
Top economist says $39 trillion national debt leaves government worse prepared for recession than ever
Economy
Top economist says $39 trillion national debt leaves government worse prepared for recession than ever
By Eva RoytburgMay 14, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.