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Blackstone Group CEO Steve Schwarzman this week donated $25 million to the public high school from which he graduated in 1965. It's believed to be the largest-ever gift of its kind, and Schwarzman hopes it will encourage other public schools to fundraise from their alumni.
• Chip chat: Qualcomm yesterday sent a letter to Broadcom, reiterating its opposition to the current takeover offer, but indicating a willingness to continue conversations.
• IPO watch: Slack yesterday hired its second independent director (Edith Cooper, ex-GS), following up on its recent CFO addition.
• Crypography: CFTC commissioner Brian Quintenz said this week that the crypto industry should self-regulate while regulators try to play catch-up. [Insert incredulous snark here]
• First mover: Ares Management yesterday announced that it is converting its corporate tax status from a partnership to a corporation, effective March 1. The Los Angeles-based investment firm's shares jumped 7.71% on the news, which also was tied to Q4 earnings and a new dividend policy.
Roche has agreed to acquire Flatiron Health, a New York-based cloud database platform for the oncology market. The deal values Flatiron just north of $2.1 billion, with the Swiss durgmaker paying $1.9 billion in cash for the 87.4% stake it doesn't already own.
Flatiron had raised nearly $330 million in VC funding, most recently at around a $1.1 billion post-money valuation, from firms like Roche, Baillie Gifford, GV, First Round Capital, Allen & Co., BoxGroup, Casdin Capital and Stripes Group.
🚑 Cellularity, a Warren, N.J.-based Celgene spinout focused on using human placenta stem cells for applications from oncology to longevity, has raised $250 million. Backers include Celgene, United Therapeutics, Human Longevity, Sorrento Therapeutics and Section32. http://axios.link/fuC8
• Harry's, the razor subscription rival to Dollar Shave Club, has raised $112 million in Series D funding. Alliance Consumer Growth and Temasek co-led, and were joined by Tao Capital Partners and insiders. As we reported in December, some proceeds will be used to invest in complementary categories. http://axios.link/UTP6
• Zoomcar, an on-demand car rental service in India, has raised $40 million in Series C funding. Mahindra & Mahindra led, and was joined by Ford. Existing backers include Sequoia Capital India. http://axios.link/ew7c
• Roostify, a San Francisco-based digital mortgage lending platform, has raised $25 million in Series B funding from Cota Capital, Point72 Ventures, Santander Innoventures and return backers JPMorgan Chase, Colchis Capital and a subsidiary of USAA. http://axios.link/FFPw
• CommonSense Robotics, an Israeli provider of AI and robotic fulfillment and delivery solutions to online grocery retailers, has raised $20 million in Series A funding. Playground Global led, and was joined by return backers Aleph VC and Innovation Endeavors. http://axios.link/IYWO
• Uncommon.co, a Palo Alto, Calif.-based job-matching startup, has raised $18 million in Series A funding from Canaan Partners, Spark Capital and Zeev Ventures. http://axios.link/bmbQ
• Lydia, a French mobile payments startup, has raised €13 million in new funding. CNP Assurances led, and was joined by XAnge, New Alpha AM, Oddo BHF and Groupe Duval. http://axios.link/cSjW
• Miso Robotics, a Pasadena, Calif.-based maker of burger-flipping robots, has raised $10 million in Series B funding led by Acacia Research Corp. http://axios.link/ojUa
• LiveLike, a New York-based provider of VC streaming solutions for broadcasters, has raised $9.6 million in Series B funding co-led by Greycroft Partners and Lepe Partners. http://axios.link/7BEL
• Gr8 People, a Newtown, Penn.-based provider of recruiting process outsourcing software, has raised $8 million in VC funding led by Ascent Venture Partners. http://axios.link/9W9I
• Clearlake Capital Group has completed its previously-announced purchase of Janus International Group, a Temple, Ga.-based maker of interior door and hallway systems for self-storage, industrial and commercial facilities, from Saw Mill Capital. www.janusintl.com
🚑 Insight Venture Partners has invested in CentralReach, a Pompano Beach, Fla.-based provider of electronic health record and practice management software for clinics focused on applied behavioral analysis and speech therapy. www.centralreach.com
• Walmart (NYSE: WMT) is in talks to buy more than a 40% stake in Indian e-commerce "unicorn" Flipkart, according to Reuters. The negotiations had been previously reported, but not information on such a large stake. http://axios.link/RmaT
💡General Electric (NYSE: GE) has agreed to sell part of its overseas lighting business to a company controlled by former GE exec Joerg Bauer. http://axios.link/hHqk
• HNA Group has sold around a 1.2% stake in Deutsche Bank, worth around $375 million, but will maintain an 8.8% position. http://axios.link/J5oD
• Google has agreed to acquire Xively, an IoT development platform, from LogMeIn (Nasdaq: LOGM) for $50 million. http://axios.link/9apw
• Kraft Heinz CEO Bernardo Hees hinted at his company’s interest in acquisitions, saying yesterday during an investor presentation: “With our global presence and financial strength, I think that we’ll continue to generate opportunities for us to expand our portfolio.” http://axios.link/RBUY
• Joe Ripp, the former Time Inc. CEO and current head of small-cap private equity firm Cannondale Capital Investors, is considering a bid for Fortune, Fortune’s conference business and Money magazine, per the NY Post. The assets are currently owned by Meredith Corp. (NYSE: MDP), which recently completed its purchase of Time Inc. http://axios.link/GsVO
• The SEC has blocked a proposed sale of a stake in the Chicago Stock Exchange to a group of Chinese investors. http://axios.link/IrJ3
• Tyson Foods (NYSE: TSN) said that it has formed a partnership with startup incubators Plug and Play (Silicon Valley) and 1871 (Chicago).
• Victor Echevarria has joined Jackson Square Ventures as a principal. He previously was founder and CEO of Remedy Labs and is the former biz dev head for TaskRabbit. www.jsv.com