• Well, that was unexpected: Cincinnati-based Vantiv last month announced that it would acquire British payment processing giant Worldpay for over £7.7 billion, beating out a rival bid from J.P. Morgan. But it seems the auction "win" never included a formal bid, and the two sides have yet to settle on final terms.
• Rebranding exercise: North Bridge Growth Equity has shrugged off the legacy brand, changing its name to GuidePost Growth Equity. Per firm co-founder Doug Kingsley: "We picked GuidePost because it symbolizes the business we're in, investing in later-stage companies with between $30 million and $40 million in revenue, meeting them on their journeys and helping guide them along their paths to even greater success."
• The Mooch is Loose: Anthony Scaramucci might be out as President Trump's communications director, but that will not affect the pending sale of his SkyBridge hedge fund business to China's HNA Group. Or so says HNA, via an outside spokesman's comment to Axios: "The transaction remains on track and is expected to close by the end of the summer."
• New firm alert: Sunil Nagaraj quietly has stepped down as a Menlo Park-based vice president with Bessemer Venture Partners, in order to hang a shingle called Ubiquity Ventures. He had joined BVP in 2011, and served on the boards of portfolio companies AuthO and Zoosk.
• It gets worse: 500 Startups, the international seed-stage group founded by admitted sexual harasser Dave McClure, has shut its Canadian unit. Worth noting that 500 Startups still refuses to answer media questions about what it knew and when it knew it.
Reddit has raised $200 million in new VC funding at a $1.8 billion post-money valuation. Backers include Coatue Management, Fidelity Investments, Andreessen Horowitz, Sequoia Capital, Vy Capital, Sam Altman and Ron Conway. Reddit majority owner Advance Communications did not participate.
• Impossible Foods, a Redwood City, Calif.-based maker of plant-based food products, has raised $75 million in new VC funding. Temasek led the round, and was joined by Open Philanthropy Project, Bill Gates, Khosla Ventures and Horizon Ventures. http://on.wsj.com/2eVccDz
🚑 Milestone Pharmaceuticals, a Montreal-based drug developer focused on cardiovascular disease, has raised US$55 million in Series C funding. Novo Holdings led the round, and was joined by Forbion Capital, Tekla Capital Management and return backers like Domain Associates, Fonds de solidarité FTQ and BDC Capital. http://bit.ly/2f5dkUZ
• Carwow, a UK-based online marketplace for buying new cars, has raised £30 million in new VC funding. Vitruvian Partners led the round, and was joined by return backers Accel Partners and Balderton Capital. http://read.bi/2hiZLSK
• UnifyID, a San Francisco-based developer of an "implicit authentication platform," has raised $20 million in Series A funding. NEA led the round, and was joined by Andreessen Horowitz, Stanford-StartX, and Accomplice Ventures. http://tcrn.ch/2f4Atqt
• SmartX, a Beijing-based developer of hyper-converged infrastructure products, has raised $14 million in Series B funding. Matrix Partners China led the round, and was joined by return backers F&G Venture, Banyan Capital and Lenovo Capital. http://bit.ly/2tUBqEu
• Azequa, a Seattle-based provider of cloud application connectivity for business users, has raised $10.8 million in Series B funding. Insight Venture Partners led the round, and was joined by DFJ and Ignition Partners. www.azequa.com
• Flutterwave, a San Francisco-based startup that enables banks and businesses to make and accept payments in Africa, has raised $10 million in Series A funding. Greycroft Partners and Green Visor Capital co-led the round, and were joined by Y Combinator and Glynn Capital. http://cnnmon.ie/2wet8YI
• Wonderbly (f.k.a. LostMyName), a London-based personalized publishing startup, has raised $8.5 million in Series B funding. Ravensburger, a European games and puzzle publisher, led the round. Other backers include Google Ventures, Project A Ventures, Greycroft Partners, The Chernin Group and Allen & Co. The company also secured a new venture debt facility from Silicon Valley Bank. http://bit.ly/2viGkyD
🚑 Limelight Health, a San Francisco-based quote-to-enroll platform, has raised $7 million in Series B funding, MassMutual Ventures led the round, and was joined by AXA Strategic Ventures, Wanxiang Healthcare Investments, Portag3 Ventures and Plug and Play Ventures. www.limelighthealth.com
• Drive Motors, a San Francisco-based online marketplace for new cars, has raised over $5.2 million in new VC funding from firms like Bullpen Capital, per an SEC filing. www.drivemotors.com
• Carspring, a Berlin-based online marketplace for used cars, has raised £5 million in Series B funding from Channel 4's Commercial Growth Fund and founding investor Rocket Internet. http://tcrn.ch/2wgR2D2
• Datarino Group, a Polish provider of behavioral ad-targeting solutions, has raised $1.6 million in Series A funding from Luma Ventures. http://bit.ly/2tV0vz1
• Taxify, an Estonian taxi-hail service operating in Europe and Africa, has raised an undisclosed amount of equity funding from China's Didi Chuxing. http://tcrn.ch/2viw9dx
⛽ The Blackstone Group has agreed to acquire a 32.4% stake in the Rover Pipeline Project from Energy Transfer Partners (NYSE: ETP) for $1.57 billion. http://on.wsj.com/2uR0VcX
• China First Capital Group, Rhodium Capital and Widus Partners have agreed to acquire a 54% equity stake in SJW International Co., a South Korean online English language education company. The deal is valued at upwards of $135 million. http://bit.ly/2vopqzv
• Clayton Dubilier & Rice has completed its previously-announced purchase of a 60% stake in Capco, the management consulting unit of Fidelity National Information Services (NYSE: FIS), for $477 million. FIS will retain a 40% equity interest. www.capco.com
• DG3, a British printing company backed by Resilience Capital Partners, has acquired the offset print business of London-based Leycol Printers. No financial terms were disclosed. www.dg3.com
• ETC Global Group, a Los Angeles-based brokerage and clearing group, has secured up to $68 million in financing from Cerberus Capital Management and Quantlab Investments. www.etc-clearing.com
• Hospitality Staffing Solutions, an Atlanta-based portfolio company of Littlejohn Capital, has acquired DEZ Staffing, a provider of hospitality and industrial staffing services in the Denver market. No financial terms were disclosed. http://bit.ly/2w1TUV6
• Marlin Equity Partners has agreed to acquire ABIT Europe Group, a provider of claims and credit management, and risk and impairment software. No financial terms were disclosed. ABIT has offices in The Netherlands and Germany. www.abit.de
• Warburg Pincus has agreed to acquire Service Logic, a Charlotte, N.C.-based provider of aftermarket maintenance and repair services for commercial HVAC equipment, from Sterling Investment Partners. No financial terms were disclosed. www.servicelogic.com
There is no IPO news this morning, so let's peek at aftermarket performance of some of the year's VC-backed offerings. The below percentages are rounded gains/losses from IPO price, as of yesterday's market close:
• Amazon (Nasdaq: AMZN) has acquired GameSparks, an Ireland-based "backend-as-a-service" for game developers. No financial terms were disclosed. GameSparks had been seeded by Enterprise Ireland. http://tcrn.ch/2eV6kd9
• Facebook (Nasdaq: FB) has acquired conversational AI startup Ozlo for an undisclosed amount. Ozlo raised a $14 million Series A round in May 2016 from Greylock, Amino Capital and AME Cloud Ventures. http://tcrn.ch/2tSBfth
⛽ AES Corp. (NYSE: AES) and Alberta Investment Management Co. have acquired sPower, an owner and operator of utility-scale solar assets in the U.S., for $1.6 billion in cash (including $712m of assumed debt). https://bloom.bg/2w1neei
• UpHonest Capital, an early-stage VC firm led by Wei Guo, has secured $30 million for a debut fund that could total $40 million, per an SEC filing.
• Mike Abbott has stepped down as a general partner with Kleiner Perkins Caufield & Byers. http://tcrn.ch/2vcF0xL
• Jacob Polny has stepped down as a Europe-focused principal with private equity firm TPG Capital, according to an email sent out on Monday to friends and colleagues. His next stop will be Telemos Capital, which he refers to as a private equity-focused family office that is in the process of being formed. http://bit.ly/2tVytDR