IPO
MindBody, an online wellness marketplace, will sell 7.15 million shares priced between $13 and $15 per share, the company has revealed. Trading under the ticker symbol MB, the company will have a market cap of $448 million, should it price in the middle of that range. Bessemer Venture Partners, Catalyst Investors, J.P. Morgan Digital Growth Fund, Institutional Venture Partners and W Capital Partners all hold a pre-IPO stake in MindBody. Morgan Stanley, Credit Suisse and UBS served as underwriters.
Aqua Metals, a company developing an electro-chemical process for metal recycling, has filed for an IPO worth $34.5 million. The company will trade on the Nasdaq under the ticker symbol AQMS. Aqua is yet to report revenue.
Univar, a distributor of chemistry and related services, has revealed it will sell 20 million shares for between $20 and $22 per share in its IPO. Using the middle of the range, the company’s market capitalization will be roughly $2.9 billion. Clayton Dubilier & Rice holds a 42.5% stake in the company, and other stakeholders include CVC Capital Partners, Parcom, Apollo Global Management, Highbridge Capital Management and Norwest Equity Partners. Univar will trade under the ticker symbol UNVR. Deutsche Bank, Goldman Sachs and BofA Merrill Lynch served as underwriters.
M&A
Microsoft has acquired BlueStripe Software, an application management services company. Deal terms were not disclosed. BlueStripe previously attracted investment from Trinity Ventures and Valhalla Partners. Microsoft will stop selling BlueStripe, instead integrating the software into its other products, but will support existing customers.
Design automation company Synopsys has agreed to acquire Atrenta, which provides design solutions to the semiconductor industry. Atrenta had previously raised $30 million in VC funding from Investor Growth Capital, Hercules Technology Growth Capital, Samsung Ventures, TL Ventures and Venrock. Financial terms were not disclosed.”Atrenta’s SpyGlass, GenSys and BugScope solutions focus on driving efficiencies in SoC design and verification,” Atrenta CEO Ajoy Bose said in a press release. “The integration of our technology into Synopsys’ design and verification platforms will accelerate innovation in the industry and offer our mutual customers the benefit of a much stronger combined offering.”
Brit+Co., an online lifestyle media company, acquired SnapGuide, a provider of “how-to” guides. SnapGuide’s investors include Atlas Ventures and Index Ventures. Brit + Co. also announced a round of funding led by Intel Capital this week.