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

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
FinanceTerm Sheet

Term Sheet — Thursday, July 16

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 16, 2015, 7:25 AM ET
Add Fortune on Google for similar content.

Arghhhhhhh

Greetings from Aspen, where I was expecting a few hours to work on Term Sheet before hopping a plane back home. Instead, United canceled my flight due to 'weather' (it's lovely here, and the cancellation apparently occurred 9 hours before take-off). That means I only had time to do the news blurbs, and now must run off to the airport.

In short: Major apologies for making my problems your problems. And, if you feel so inclined, please go on Twitter to yell at @United for me. I'll have a bunch of scoop and other stuff to share with you tomorrow...

THE BIG DEAL

• eBay (Nasdaq: EBAY) has agreed to sell its enterprise unit to an investor group led by Permira for approximately $900 million, according to the WSJ. Read more.

VENTURE CAPITAL DEALS

• Immunocore, a UK-based developer of T-cell receptor-based biological drugs to treat cancer, has raised $320 million in VC funding. New backers include Woodford Investment Management, Malin Corporation plc, Eli Lilly and Company and RTW Investments. www.immunocore.com

• Flipagram, a Rolling Hills Estates, Calif.-based app that lets users create short video stories, has raised $70 million in Series B funding. Sequoia Capital led the round, and was joined by Kleiner Perkins Caufield & Byers and Index Ventures. Both Mike Moritz and John Doerr will join the board of directors. Read more.

• Upstart, a Palo Alto, Calif.-based online lending platform, has raised $35 million in Series C funding. Third Point Ventures led the round, and was joined by Khosla Ventures, First Round Capital, Collaborative Fund, Marc Benioff and Eric Schmidt. www.upstart.com

• VTS, a New York-based real-time asset management and leasing platform for commercial real estate, has raised $21 million in new funding from OpenView Venture Partners. www.vts.com

• Ampt LLC, a Fort Collins, Colo.-based provider of power conversion technology for solar power plant optimization, has raised $20 million in Series C funding (plus $5m in debt). Bohemian Investments led the round, and was joined by return backer Schatz Family Trust. www.ampt.com

• Zesty, a San Francisco-based office catering service that focuses on healthy food, has raised $17 million in Series A funding. Index Ventures led the round, and was joined by Founders Fund and Forerunner Ventures. www.zesty.com

• LeanKit, a Nashville, Tenn.-based lean-based project and work delivery platform for the enterprise, has raised $16 million in new VC funding from Insight Venture Partners. www.leankit.com

• StellaService, a New York-based provider of customer service ratings for online retailers, has raised $15 million in new VC funding. Comcast Ventures led the round, and was joined by fellow new investors Toba Capital and Novel TMT. Existing shareholders include Norwest Venture Partners, Battery Ventures, DFJ Gotham Ventures, RRE Ventures and Forerunner Ventures. www.stellaservice.com

• CircleBack, a Vienna, Va.-based contact management app, has raised $12 million in new VC funding. TDF Ventures led the round, and was joined by return backers Grotech Ventures, Syncom Venture Partners, and CNF Investments. www.circleback.com

• Room.me, a Germany-based roommate matching service that is soon launching in San Francisco, has raised $1.1 million in seed funding from Axel Springer Plug and Play, Grazia Equity Partners and an International Business Angel Pool. www.room.me

PRIVATE EQUITY DEALS

• Arlington Capital Partners has acquired Avalign Technologies Holdings Inc., a Lake Forest, Ill.-based manufacturer of implants and instruments for the orthopedic medical device and specialty surgical markets, from RoundTable Healthcare Partners. No financial terms were disclosed. www.avaligntech.com

• Bridgepoint has sponsored a management buyout of Appleby Fiduciary & Administration Business, a UK-based global trust, corporate and fund services group. No financial terms were disclosed. www.bridgepoint.eu

• Ethoca, a Toronto-based provider of, has secured a $45 million minority growth equity investment led by Spectrum Equity. www.ethoca.com

• Tender Greens, farm-to-fork fine-casual restaurant concept with 22 locations in California, has secured a minority growth equity investment from Alliance Consumer Growth and Union Square Hospitality Group. www.tendergreens.com

IPOs

• UTAC Holdings, a Singapore-based provider of assembly and test services for semiconductor chips, has filed for a $350 million IPO. It plans to trade on the Nasdaq under ticker symbol UTAC, with BofA Merrill Lynch, Citigroup and Credit Suisse serving as lead underwriters. It reports a $3.4 million after-tax loss in 2014 on around $860.3 million in revenue. Shareholders include TPG Capital and Affinity Equity Partners. www.utacgroup.com

EXITS

Apax Partners has hired J.P. Morgan and UBS to explore exit opportunities for Italian auto parts distributor Rhiag, according to Reuters. The company could be valued at upwards of $1.1 billion, and could pursue either a sale of public listing. Read more.

• BC Partners has completed its sale of half of its 80.5% stake in Turkish supermarket chain Migros to Anadolu Group at an enterprise value of around $2.7 billion. www.migroskurumsal.com

• Sun Capital Partners has sold Vari-Form Inc., a Troy, Mich.-based maker of lightweight, hydroformed structural parts, to Crowne Group LLC. No financial terms were disclosed. www.vari-form.com

OTHER DEALS

• CounterTack, a Waltham, Mass.-based provider of big data endpoint detection and response, has acquired ManTech Cyber Solutions International, a commercial software unit of ManTech International Corp. (Nasdaq: MANT). No financial terms were disclosed, except that ManTech International will become a shareholder in CounterTack. Previously, CounterTack had raised nearly $50 million in VC funding. www.countertack.com

• Match Group, a subsidiary of IAC (Nasdaq: IACI), has agreed to acquire Canadian online dating site PlentyOfFish for US$575 million in cash. www.pof.com

FIRMS & FUNDS

• No firm or fund news this morning.

MOVING IN, UP, ON & OUT

• Michael Avon has joined ABS Capital Partners as a venture partner. He previously was CFO and executive vice president of Millennial Media. www.abscapital.com

• Paul Cottey has joined Water Street Healthcare Partners as chief information officer. He previously was an executive partner with Accenture. www.waterstreet.com

• Jay Kidd has joined Wing Venture Partners as a partner of “market acceleration,” working to help portfolio companies identify and achieve product/market fit. He previously was chief technology officer of NetApp. www.wing.vc

• John Lane has joined PIMCO as executive VP and global chief finance officer. He previously was with Apollo Global Management as CFO of the private equity and real estate businesses. www.pimco.com

• Tim Wegener has joined private equity firm SunTx Capital Partners as a principal. He previously was managing director of private investments at Thrivent Financial. www.suntx.com

Share today's Term Sheet:
http://fortune.com/newsletter/termsheet

About the Author
By Dan Primack
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

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

Chad Hurley and Steven Chen wearing suits
SuccessWealth
YouTube’s founders split over $650 million when they sold to Google in 2006—had they held out, they could have taken a slice of $550 billion
By Preston ForeJuly 3, 2026
2 hours ago
Photo: Paris, france
Environmentclimate change
Brutal heatwave in France is killing 2,000 people per week, undertakers are overwhelmed, and health agency says there’s worse to come
By John Leicester and The Associated PressJuly 3, 2026
2 hours ago
Photo: World Cup fans drinking.
EconomyEconomics
On Wall Street, analysts increasingly don’t believe the U.S. government’s ‘misleading’ job numbers
By Jim EdwardsJuly 3, 2026
5 hours ago
U.S. President Donald Trump talks to reporters after signing an executive order dealing with automobile repairs with Environmental Protection Agency Administrator Lee Zeldin in the Oval Office at the White House on June 29, 2026 in Washington, DC.
EconomyFed
Trump is already causing a headache for his new Fed chairman, saying the central bank’s board is ‘hostile’ and ‘doing the wrong thing’
By Eleanor PringleJuly 3, 2026
6 hours ago
A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London’s disruptor extraordinaire
EuropeLetter from London
A $75 billion valuation, 75 million global customers and on its way to America—Revolut is London’s disruptor extraordinaire
By Kamal AhmedJuly 3, 2026
6 hours ago
Man in a black hat and jacket
InvestingSpace Exploration
Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once
By Amanda GerutJuly 3, 2026
7 hours ago

Most Popular

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
22 hours ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
10 hours ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
1 day ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
24 hours ago
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
Current price of oil as of July 2, 2026
Personal Finance
Current price of oil as of July 2, 2026
By Joseph HostetlerJuly 2, 2026
1 day 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.