IWG, the London-listed owner of outsourced office company Regus, is said to be in the final stages of its sale process, with Starwood Capital Group and TDR Capital believed to be among the finalists.
• Trade wars: It's only getting more fraught, with President Trump today threatening to put tariffs on virtually all Chinese imports. He's also itching to expand the trade dispute into a currency dispute, tweeting this morning that both China and the EU are currency manipulators (note: they aren't, per Trump's own Treasury Dept). Oh, and he's also broken the decades-old practice of White Houses not criticizing U.S. Federal Reserve monetary policy.
• It gets stranger: Fuel cell company Bloom Energy executed a 2-for-3 reverse stock split after filing for its IPO, applying only to Class B shares, according to a footnote in a subsequent disclosure.
🚑 Recommended reading: Safety concerns are rising over gene-editing tool CRISPR, Axios' Eileen O'Reilly reports.
• Quiz time: Lots of buzz at the Fortune Brainstorm Tech conference about who will buy the venerable financial mag from Meredith Corp., with most of it focused on a particular Silicon Valley mogul. Name that mogul!
• Sequoia Capital's Alfred Lin yesterday said that his firm often seeks startups that solve for one of the 7 Deadly Sins, in the context of Sequoia's investment in meal delivery startup DoorDash (sloth and gluttony).
SenseTime, a Beijing-based developer of facial recognition technologies, is in talks to raise around $1 billion from SoftBank Vision Fund, per Bloomberg. It's already the world's most valuable AI startup, having raised money earlier this year at a $4.5 billion valuation.
• Even.com, an Oakland-based mobile budgeting app, raised $40 million in Series B funding. Khosla Ventures led, and was joined by Valar Ventures, Allen & Co., Harrison Metal, SV Angel and SVB. http://axios.link/AZDh
• Galvanize, a Denver-based coding bootcamp operator, raised $32 million in Series C funding. Catalyst Investors led, and was joined by New Markets Venture Partners and return backers ABS Capital Partners, University Ventures and the Colorado Impact Fund. Galvanize also acquired San Francisco-based Hack Reactor. http://axios.link/fK4C
🚑 IFM Tre, an inflammation-focused subsidiary of Bristol-Myers Squibb-owned IFM Therapeutics, raised $31 million in Series A funding from Atlas Venture, Abingworth, Bristol-Myers and IFM management. http://axios.link/ORal
• Orbex, a British developer of orbital micro-launch vehicles, raised £30 million from firms like Sunstone Technology Ventures and High-Tech Grunderfonds. http://axios.link/pK4n
• Embark Trucks, a San Mateo, Calif.-based autonomous trucking startup, raised $30 million in Series B funding. Sequoia Capital led, and was joined by return backers Data Collective, YCombinator, SV Angel and AME Cloud. http://axios.link/eEjG
• Reali, a San Carlos, Calif.-based “flat-fee” real estate transaction platform, raised $20 million in Series B funding. Zeev Ventures led, and was joined by Signia Venture Partners. http://axios.link/uqNl
• Giant Oak, an Arlington, Va.-based provider of data analytics software, raised $10 million from Edison Partners. www.giantoak.com
• Points, a Singapore-based blockchain data collaboration protocol for credit scoring, raised $8 million from DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology. http://axios.link/tMHk
• Ursa Space Systems, an Ithaca, N.Y.-based provider of geospatial intelligence solutions, raised $5.7 million. RRE Ventures led, and was joined by S&P Global and Paladin Capital Group. www.ursaspace.com
• Swivel, an Austin, Texas-based platform for customized plug-and-play workspaces, raised $4.75 million in seed funding led by First Round Capital. http://axios.link/pNyE
🚑 Lifebit, a London-based DNA analytics startup, raised £2.25 million in seed funding co-led by Pentech and Connect Ventures. http://axios.link/i5KF
🚑 Kite Pharma, a subsidiary of Gilead Sciences (Nasdaq: GILD), has acquired an equity stake in gamma delta T-cell receptor startup Gadeta. Kite also gets an option to buy the Dutch startup, which previously raised €7 million from Baxalta Ventures and Medicxi Ventures http://axios.link/Pqpo
• Eckhart, Lansing, Mich.-based portfolio company of LFM Capital, has acquired Eagle Engineering, an Eldridge, Iowa -based tool manufacturer. www.eckhartusa.com
🚑 Genstar Capital has acquired CRF Health, a Plymouth Meeting, Penn.-based provider of eCOA and eConsent solutions for the life sciences market, from Vitruvian Partners. CRF will be merged with existing Genstar portfolio company Bracket. http://axios.link/YKaA
• Mayfair Equity Partners has acquired Pixmodo, a Los Angeles-based visual effects company used by such programs as HBO’s Game of Thrones, at a $65 million enterprise value. http://axios.link/pICP
• Onex has agreed to buy KidsFoundation, a Dutch childcare center operator, from H.I.G. Capital.
• Riskonnect, a Kennesaw, Ga.-based portfolio company of Thoma Bravo, has agreed to acquire Marsh ClearSight, a Chicago-based provider of risk, safety and claims software, from Marsh LLC. www.marshclearsight.com
🚑 Smile Brands, an Irvine, Calif.-based dental support organization owned by Gryphon Investors, has acquired Las Vegas-based P3 Dental Group. www.smilebrands.com
• Southfield Capital has acquired Match Marketing Group, an Ontario, Canada-based omnichannel marketing services firm, from Beringer Capital. http://axios.link/2qeQ
• Airbus (Paris: AIR) is again seeking to sell PFW Aerospace, a troubled German maker of precision tubes and components, per Reuters. http://axios.link/a6uj
• Farfetch, a London-based e-commerce marketplace for independent boutiques, has agreed to buy CuriosityChina, a Chinese social marketing company for the retail sector. Farfetch has raised over $700 million in VC funding and reportedly has hired IPO bankers. http://axios.link/dYPB
🍩 Krispy Kreme has acquired a majority stake in late-night bakery chain Insomnia Cookies.
• State Street (NYSE: STT) has agreed to buy investment management solutions company Charles River Development for $2.6 billion in cash. http://axios.link/vhoD
• Telia (Stockholm: TELIA) has agreed to buy Swedish television company Bonnier Broadcasting for around $1 billion. http://axios.link/74lJ
🚑 Vical (Nasdaq: VICL), a San Diego-based biotech whose market cap has shrunk to just $29 million, has hired MTS Health Partners to explore strategic options. http://axios.link/Ch9T
• Aterian Investment Partners closed its third mid-market private equity fund with $350 million. www.aterianpartners.com
• Sun Capital Partners is raising up to $2.2 billion for it seventh flagship buyout fund, per an SEC filing. www.suncappart.com
• Valor Equity Partners of Chicago raised $1.05 billion for its fourth private equity fund. www.valorep.com
🚑 Darren Campili has joined Barclays as a vice chairman, focused on European healthcare investment banking. He previously was with Deutsche Bank. http://axios.link/R3qS
• Brandon Deer has stepped down as a VP with OpenView Venture Partners, in order to join startup UiPath as senior directors of ops and strategy. www.uipath.com
🚑 Barbara Wachsman has joined Frazier Healthcare Partners as a senior advisor. She previously was Walt Disney Co.’s director of strategy and engagement for enterprise benefits. www.frazierhealthcare.com