Archives

Ingersoll Rand Buying ILC Dover For About $2.33 Billion

By Amit Chowdhry ● Mar 25, 2024

Ingersoll Rand (a provider of mission-critical flow creation and industrial solutions) announced it has agreed to acquire ILC Dover from New Mountain Capital, a leading growth-oriented investment firm with about $50 billion in assets under management. This deal includes an upfront cash purchase price of approximately $2.325 billion and an earnout linked to the achievement of select operating efficiency metrics in 2024. And at the maximum payout, the earnout increases the 17x upfront purchase multiple by less than one turn.

Pantheon: Kathryn Leaf Becoming CEO In 2025

By Amit Chowdhry ● Mar 25, 2024

Pantheon (a leading specialist global private markets investor) announced that Kathryn Leaf will become CEO. This move reflects the ongoing evolution of the firm’s leadership structure and the increasing scale of its global business. Leaf will succeed Paul Ward, who will become Executive Chairman following a successful decade-plus tenure heading Pantheon through substantial growth and expansion. The transition will be effective from January 1, 2025, subject to regulatory approval.

Waud Capital Partners Acquiring Senior Helpers

By Amit Chowdhry ● Mar 25, 2024

Waud Capital Partners (a growth-oriented middle-market private equity firm) announced the acquisition of Maryland-based Senior Helpers, one of the national leaders in home care and wellness offerings for seniors. Waud Capital is buying Senior Helpers from Advocate Health.

BharCap Partners Buying Red Oak Inventory Finance

By Amit Chowdhry ● Mar 25, 2024

BharCap Partners, a Greenwich, CT-based private investment firm focused on the financial services sector, announced the successful carve-out and acquisition of Red Oak Inventory Finance from ECN Capital. Red Oak Inventory Finance is a commercial lender focused on delivering floorplan finance solutions to manufacturers and dealers across diverse asset classes.

TAK Communications: Significant Investment From Platinum Equity

By Amit Chowdhry ● Mar 25, 2024

Platinum Equity announced a significant investment in TAK Communications, a national communications and broadband infrastructure service provider. The financial terms were not disclosed.

Schroders Capital Names Ingo Heinen As Global Head of Business Development and Product

By Amit Chowdhry ● Mar 25, 2024

Schroders Capital - a specialist private markets division of the Schroders Group - announced the appointment of Ingo Heinen as the Global Head of Business Development and Product.

Enerpoly: Producing Cost-Effective And Clean Zinc-Ion Batteries For Scalable Stationary Energy Storage Solutions

By Amit Chowdhry ● Mar 25, 2024

Enerpoly is a company that produces cost-effective and clean zinc-ion batteries for scalable stationary energy storage solutions. Pulse 2.0 interviewed Enerpoly co-founder and CTO Mylad Chamoun to learn more about the company.

Princeton Equity Group Names Jeremy Wright As Operating Partner

By Amit Chowdhry ● Mar 25, 2024

Princeton Equity Group  , a private equity firm focused on franchise and multi-unit companies, announced that Jeremy Wright has joined as an Operating Partner.

LPL Financial: $150 Million Advisor Nolan Venable Joins

By Amit Chowdhry ● Mar 25, 2024

LPL Financial announced that financial advisor Nolan Venable, an Enrolled Agent, has joined its broker-dealer, RIA, and custodial platforms. He reported serving about $150 million in advisory, brokerage, and retirement plan assets and joins LPL from Osaic.

Raymond James: $300 Million Team From UBS Joins

By Amit Chowdhry ● Mar 25, 2024

Thiel Foundation Reveals 2024 Class Of Thiel Fellows

By Amit Chowdhry ● Mar 25, 2024

The Thiel Foundation revealed the 2024 class of Thiel Fellows, assembling a group of 20 intelligent young minds set to disrupt various industries. Launched in 2011, the Thiel Fellowship provides each recipient $100,000 and access to a robust network of tech founders, investors, scientists, and former fellows. Fellows are asked to commit to focusing full-time on their projects, companies, or ideas free from traditional academic constraints.

Stauer: $10.5 Million Credit Facility Secured From Cambridge Savings Bank

By Amit Chowdhry ● Mar 25, 2024

Cambridge Savings Bank (CSB) - a full-service mutual bank with a customer-first approach and nearly $7 billion in assets - announced that its Asset-Based Lending (ABL) team provided a $10.5 million credit facility to Stauer.

Grass Valley: $220 Million Strategic Recapitalization Completed

By Amit Chowdhry ● Mar 25, 2024

Morgan Stanley Private Credit (MSPC) announced that several of its investment funds have led to a $220 million recapitalization of Grass Valley. This leading media technology company provides the live media and entertainment industry with end-to-end solutions.

University Of South Florida Launching College Focused On AI, Cybersecurity, And Computing

By Amit Chowdhry ● Mar 25, 2024

The University of South Florida announced a goal to create a college focused on the rapidly evolving fields of artificial intelligence (AI), cybersecurity, and computing. The university aims to position the Tampa Bay region and the state of Florida as a national leader.

Greater Sum Ventures: Majority Investment In STRAX

By Amit Chowdhry ● Mar 25, 2024

Family office and growth equity firm Greater Sum Ventures (GSV) announced its majority investment in STRAX Intelligence Group, a cloud-native sensor fusion and collaboration solutions leader.

KKR Acquires Majority Stake In Avantus

By Amit Chowdhry ● Mar 24, 2024

Global investment firm KKR announced the signing of a definitive agreement under which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects. Following the closing of the deal, KKR and existing investor EIG, a leading institutional investor in the global energy and infrastructure sectors, will be the sole equity investors in Avantus.

WSP Buying Stakeholder Regulatory Engagement Services Company Communica

By Pulse 2.0 Staff ● Mar 24, 2024

WSP Global announced it has completed the acquisition of Communica Public Affairs, one of Canada’s leading Indigenous and stakeholder engagement and information management consulting firms. Launched in 2002, Communica is recognized for its collaborative approach and the ability to deliver authentic, open, and transparent stakeholder and broader community engagement, including with Indigenous communities.

Osaic: $280+ Million Kings Mill Wealth Advisors Team Joining

By Amit Chowdhry ● Mar 24, 2024

Osaic - one of the largest providers of wealth management services - has brought in Kings Mill Wealth Advisors, a father-daughter team of Marvin Rauchbach (Chapel Hill, North Carolina) and Leigh Ritchey (Baltimore, Maryland) to the Osaic platform. Kings Mill brings over $280 million in total client assets to Osaic.

LeakSignal: Microservices Cybersecurity Solutions Company Raises $1.6 Million

By Amit Chowdhry ● Mar 24, 2024

LeakSignal, a provider of microservices cybersecurity solutions, announced that it has secured $1.6 million in an oversubscribed funding round. Shasta Ventures led the round, which also included TFX Capital, Blu Ventures, and Cyber Mentor Fund. Previous investors include Tokyo Black, Vela Partners, and other talented cybersecurity angels.

Borderless AI: $27 Million Raised To Accelerate The Process Of Onboarding

By Amit Chowdhry ● Mar 24, 2024

Borderless AI, an AI-based company transforming the Employer of Record (EOR) space, announced that it had raised $27 million in seed funding to utilize GenAI to automate/accelerate the process of onboarding, managing, and paying international team members. The $27 million seed round was led by Susquehanna and Aglaé Ventures (Bernard Arnault's venture arm), with participation from additional institutional investors.

Firestorm Labs: Modular Open-Architecture Unmanned Aerial Systems Company Secures $12.5 Million

By Amit Chowdhry ● Mar 24, 2024

California-based Firestorm Labs, an Unmanned Aerial System (UAS) manufacturer leading the charge in expeditionary additive manufacturing, announced a $12.5 million seed investment by Lockheed Martin Ventures and prominent defense investors. Decisive Point, Silent Ventures, 645 Ventures, Overmatch VC, BVVC, Marquee Ventures, Cubit Capital, IronGate, Backswing Ventures, The Veteran Fund, Feld Ventures, Beyond Capital, and RedCat are also some of the notable names who have invested in Firestorm.

Cleric: $4.3 Million Raised And Autonomous AI Site Reliability Engineer Unveiled

By Amit Chowdhry ● Mar 24, 2024

Cleric - a company that automates infrastructure management with AI-led solutions - announced it raised $4.3 million in a seed round of funding led by Zetta Venture Partners with participation from AI infrastructure angel investors. And the company also announced the first autonomous AI site reliability engineer (SRE) teammate to help free engineering resources in providing on-call support.

Clarivate Buys Majority Of MotionHall Assets

By Amit Chowdhry ● Mar 24, 2024

Transformative intelligence company Clarivate announced an agreement to buy a substantial majority of the assets of MotionHall, an AI-based company serving the life sciences industry.

Lalo: Baby And Toddler Products Company Raises Funding In Round Led By Forecast Labs

By Amit Chowdhry ● Mar 24, 2024

Lalo - a leading baby and toddler essentials company - announced that it had raised a new round of funding with Forecast Labs (a consumer venture group division of Comcast).

Rails: Self-Custodial Crypto Exchange Company Raises $6.2 Million

By Amit Chowdhry ● Mar 24, 2024

Rails - a self-custodial crypto exchange that enables users to trade perpetuals while maintaining self-custody - announced a $6.2 million seed round led by Slow Ventures, CMCC Global, Round13 Capital, and Quantstamp. Rails’ trading engine combines high-speed matching capabilities with a user-friendly interface and a complete set of trading tools designed for sophisticated traders. This combination enables lightning-fast trades.

Conduce Health: $3 Million Raised To Provide Solutions For Primary Care Organizations And Specialists

By Amit Chowdhry ● Mar 24, 2024

Conduce Health - a multi-specialty value-based care marketplace providing turnkey solutions for primary care organizations and specialists - announced the closing of a $3 million seed round led by Connecticut Innovations with participation from AlleyCorp, CityLight, and other strategic investors.

Packback: AI-Enabled Writing Platform Raises Funding From PSG Equity

By Amit Chowdhry ● Mar 24, 2024

Packback, a company whose AI-enabled writing and discussion platform has empowered over 1.5 million students, announced a strategic growth investment from PSG.

SER: Intelligent Content Automation Company Raises Funding From TA Associates

By Amit Chowdhry ● Mar 24, 2024

SER, a leading global Intelligent Content Automation (ICA) software vendor in the Enterprise Content Management (ECM) market, announced that TA Associates has agreed to make a strategic growth investment in the company. SER and Carlyle (an investor in SER since 2018) welcome TA as the new lead investor.

Ascend Analytics Secures Strategic Growth Investment From Rubicon Technology Partners

By Amit Chowdhry ● Mar 24, 2024

Ascend Analytics (a leading provider of energy transition analytics solutions) announced it has secured a strategic growth investment led by Rubicon Technology Partners. Rubicon was joined by climate investment firm Galvanize Climate Solutions and Silversmith Capital Partners.

Rithmik Solutions: $2 Million Raised To Transform Mobile Mining Equipment Management

By Amit Chowdhry ● Mar 24, 2024

Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, announced the successful closing of a $2 million funding round. This funding round included participation from Cycle Momentum, DevCap, angel investors from AngelOne, the Golden Triangle Angel Network, and Archangel’s Adrenaline Fund. And previous investors Chrysalix Venture Capital and Ecofuel also strongly supported the round.