Archives

Eliyan: Chiplet Interconnect Company Raises $60 Million

By Amit Chowdhry ● Mar 26, 2024

Eliyan, a company known for inventing the semiconductor industry’s highest-performance and most efficient chiplet interconnect, announced the closing of its latest funding round, totaling $60 million. The round was co-led by Samsung Catalyst Fund and Tiger Global Management and included participation from existing investors, including Intel Capital, SK hynix, Cleveland Avenue, Mesh Ventures, and others.

Clarkson University Launches New Cybersecurity Masters Program

By Amit Chowdhry ● Mar 26, 2024

Clarkson University is now offering a new Master’s degree in Cybersecurity to meet the growing need to safeguard our online world. This new STEM-designated program will provide an interdisciplinary approach where students will have diverse choices.

Getzler Henrich: Michael Osment Named As Managing Director In Detroit Office

By Amit Chowdhry ● Mar 25, 2024

Getzler Henrich & Associates LLC, one of the nation's oldest and most respected middle-market corporate restructuring and operations improvement firms, announced that Michael Osment will join the Detroit office as a managing director.

Circular: Sustainable Sourcing Platform Company Raises $10.5 Million

By Amit Chowdhry ● Mar 25, 2024

Circular.co, a leading sustainable sourcing platform, announced it raised $10.5 million to expand its massive database of post-consumer recycled (PCR) materials and the accompanying platform, which streamlines the buying and selling of PCR materials.

Foundational: $8 Million Raised To Identify And Prevent Data Issues With Advanced Analysis

By Amit Chowdhry ● Mar 25, 2024

Foundational - a company that uses advanced analysis to identify and prevent data issues in data platforms - announced its general availability with $8 million in seed funding. The funding round was led by Viola Ventures and Gradient (Google's AI-focused venture fund), with participation from Asymmetric Venture Partners and executives from Datadog, Intuit, Meta, Wiz, and others.

Airbus Buying Cybersecurity Consulting Company INFODAS

By Amit Chowdhry ● Mar 25, 2024

INFODAS GmbH announced it has agreed to sell its shares in the company to Airbus Defence and Space. Combining expertise in securing the most sensitive data infrastructures and developing sophisticated technology, Airbus and INFODAS have a history of delivering top-tier solutions tailored to their client’s evolving needs.

B. Riley Names Virginia Schnippel As Managing Director

By Amit Chowdhry ● Mar 25, 2024

B. Riley Financial has announced the addition of Virginia Schnippel as a Managing Director within the Corporate Advisory & Valuation Services practice at B. Riley Advisory Services.

Amex GBT Buying Travel Solutions Provider CWT For $570 Million

By Amit Chowdhry ● Mar 25, 2024

American Express Global Business Travel, operated by Global Business Travel Group (a leading B2B software and services company for travel and expense), announced it entered into a definitive agreement to acquire CWT, a global business travel and meetings solutions provider. The deal values CWT at about $570 million on a cash-free, debt-free basis, subject to purchase price adjustments.

Rockefeller Global Family Office Brings In Pollock Salah Wealth Partners

By Amit Chowdhry ● Mar 25, 2024

Rockefeller Global Family Office (the wealth management division of Rockefeller Capital Management) announced the expansion of its Western Division with the addition of Pollock Salah Wealth Partners, co-located in Walnut Creek and San Francisco, California. The San Francisco Bay Area has one of the highest concentrations of ultra-wealthy individuals in the US.

ChampionX Buying Subsea Connector Company RMSpumptools For About $110 Million

By Amit Chowdhry ● Mar 25, 2024

ChampionX (a global leader in oilfield technology) announced it plans to acquire RMSpumptools Limited, which is a business unit of the energy division of UK-based James Fisher and Sons plc (JFS). This unit designs and manufactures highly engineered mechanical and electrical solutions for complex artificial lift applications.

Mission Support Company Sayres Defense Buying Global Systems Technologies

By Amit Chowdhry ● Mar 25, 2024

Sayres Defense, a leader in defense mission support services for the US Navy, Department of Defense, and broader national security community, announced it has acquired Global Systems Technologies (GST). GST offers test and evaluation services, model-based systems engineering, logistics, and R&D to Defense and Homeland Security customers.

Galeon: How This Collaborative Network Company Propels Medical Advancements

By Amit Chowdhry ● Mar 25, 2024

Galeon is a company that is transforming healthcare with its Population Health Manager (PHM), utilizing its expertise in advanced Electronic Health Record (EHR) systems. Implemented in twelve French hospitals including two University Hospitals, Galeon's software facilitates robust Medical AI development with its highly structured data approach. Pulse 2.0 interviewed Galeon co-founder and COO Matthieu Gueniffey to learn more about the company.

Finite State: Software Risk Management Company Raises $20 Million

By Amit Chowdhry ● Mar 25, 2024

Finite State - a leader in comprehensive software risk management for the connected world - announced that it raised a $20 million growth round led by Energy Impact Partners (EIP).

Goalsetter: Wealth Building And Financial Education Company Raises $9.6 Million

By Amit Chowdhry ● Mar 25, 2024

Goalsetter, a spending, saving, wealth-building, and financial education platform, announced the closing of a $9.6 million Series A extension round. This newest funding round for Goalsetter was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund. The Series A investors Fiserv, Webster Bank, Seae Ventures, Astia Fund, and Partnership Fund for New York City participated in the round, along with new investors Reseda Group and InTouchCU.

Sublime Systems Picked By DOE To Receive $87 Million For Accelerating Cement Manufacturing Technology

By Amit Chowdhry ● Mar 25, 2024

Sublime Systems — a company that is advancing a fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete — was picked by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) to start award negotiations for up to $87 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding in connection with the Industrial Demonstrations Program (IDP).

Gilead Sciences Completes Deal To Buy CymaBay For $4.3 Billion

By Amit Chowdhry ● Mar 25, 2024

Gilead Sciences has announced the completion of the deal to acquire CymaBay Therapeutics for approximately $4.3 billion in total equity value.

FundGuard: Investment Management Platform Company Raises $100 Million

By Amit Chowdhry ● Mar 25, 2024

FundGuard - a fully cloud-native and AI-powered multi-asset class investment accounting platform for asset managers, asset owners, custodian banks, and fund administrators - announced today the successful closing of its Series C funding round, amounting to $100 million. Key1 Capital and new investors led this latest funding round, including Euclidean Capital and funds managed by Hamilton Lane. And this funding round also saw strong participation from existing strategic investors Blumberg Capital and Team8.

Airvine: Intelligent Broadband Wireless Backhaul Company Raises $6.2 Million

By Amit Chowdhry ● Mar 25, 2024

Edison Partners Appoints Patrick O’Keefe As An Operating Partner

By Amit Chowdhry ● Mar 25, 2024

Growth equity investment firm Edison Partners announced the appointment of veteran healthcare executive Patrick O’Keefe as an Operating Partner. This will strengthen the firm’s Edison Edge value creation platform.

VanEck Investing In Brazilian ETF Provider Investo

By Amit Chowdhry ● Mar 25, 2024

VanEck announced a majority investment in Investo, a rapidly growing Brazilian ETF provider. This deal reinforces VanEck's commitment to the rapidly growing LatAm markets and positions Investo as a significant force in the region's ETF industry.

Mirador Therapeutics: Over $400 Million Raised To Develop Precision Medicines For Immune-Mediated Diseases

By Amit Chowdhry ● Mar 25, 2024

Mirador Therapeutics - a company founded by Mark C. McKenna and led by several former executives of Prometheus Biosciences (acquired in 2023 by Merck for $10.8 billion) - launched this month. Mirador has raised over $400 million in financing led by ARCH Venture Partners, with early investments from OrbiMed and Fairmount. Other premier life sciences investors also joined, including Fidelity Management & Research Company, Point72, Farallon Capital Management, Boxer Capital, TCGX, Invus, Logos Capital, Moore Strategic Ventures, Blue Owl Healthcare Opportunities, Sanofi Ventures, Woodline Partners, Venrock Healthcare Capital Partners, RTW Investments and Alexandria Venture Investments.

Novo Nordisk Acquiring Cardior Pharmaceuticals For Up To €1.025 Billion

By Amit Chowdhry ● Mar 25, 2024

Novo Nordisk and Cardior Pharmaceuticals announced today that Novo Nordisk has agreed to acquire Cardior for up to €1.025 billion, including an upfront payment and additional payments if specific development and commercial milestones are achieved.

Luxury EV Company Lucid Raising $1 Billion From Saudi-Based PIF Affiliate

By Amit Chowdhry ● Mar 25, 2024

Luxury EV company Lucid announced it is raising $1 billion in capital from an affiliate of the Saudi Arabia-based Public Investment Fund (PIF). The Saudi government has a 60% stake in the EV company and has invested several billion in it as part of an initiative to diversify its holdings beyond the oil industry.

AbbVie Buying Landos Biopharma In $137.5 Million Deal

By Amit Chowdhry ● Mar 25, 2024

AbbVie and Landos Biopharma announced a deal under which AbbVie will acquire Landos, a clinical-stage biopharmaceutical company focused on developing novel, oral therapeutics for patients with autoimmune diseases. Landos' lead investigational asset is NX-13, which is an oral NLRX1 agonist (a member of the NOD-like receptor family) with a bimodal mechanism of action (MOA). It is anti-inflammatory and facilitates epithelial repair.

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.