Innovation

Helius: $9.5 Million Raised To Help Crypto Applications Build Better On Solana

By Amit Chowdhry ● Feb 26, 2024

Helius - a vertically integrated developer platform that helps high-performance crypto applications build better, cheaper, and faster on Solana - announced its $9.5 million Series A round closing. These are the details.

KV Capital Appoints Paul Verhesen As Strategic Advisor

By Amit Chowdhry ● Feb 26, 2024

KV Capital recently announced the appointment of Paul Verhesen as a strategic advisor for their operating company's private equity team.

IIA Healthcare Buying Gritly To Expand Data-Driven Hiring

By Amit Chowdhry ● Feb 26, 2024

IIA Healthcare - an Intelligent Interview Management solution for healthcare organizations - announced its acquisition of Gritly. This platform utilizes data to create a more equitable candidate experience and make hiring easier for employers. And this strategic move combines the power of both platforms, creating a comprehensive solution for healthcare recruitment and talent management.

Gigamon Raises Significant Strategic Investment From Siris

By Amit Chowdhry ● Feb 26, 2024

Gigamon - a leading deep observability company that helps organizations to effectively secure and manage hybrid cloud infrastructure - announced the completion of a significant strategic investment from Siris, a leading private equity firm focused on investing and driving value creation in technology companies.

Trianz Raises Strategic Growth Capital Investment From Capital Square Partners

By Amit Chowdhry ● Feb 26, 2024

Digital transformation software and services firm Trianz has crossed a significant milestone in its journey through a major growth equity investment from Capital Square Partners (CSP), based out of Singapore. The financial terms of the private transaction were not disclosed.

Apryse To Buy AI-Powered Document Toolkit Provider LEAD Technologies

By Amit Chowdhry ● Feb 26, 2024

Apryse - a global leader in document processing technology - announced its most recent acquisition of LEAD Technologies, a leading provider of AI-powered SDKs for application development across all major platforms and programming languages.

Finpilot: $4 Million Raised For Building Finance Specific AI Models

By Amit Chowdhry ● Feb 26, 2024

Finpilot announced $4 million in seed financing led by Madrona with participation from Ascend.vc and angels from leading hedge funds. And Finpilot is applying AI to the challenging task of extracting knowledge out of unstructured financial data, such as the data found in SEC documents, call transcripts, research reports, and private financial documents.

Wesco To Sell Integrated Supply Business To Vallen Distribution

By Amit Chowdhry ● Feb 26, 2024

Wesco International announced that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. The Company expects to use the proceeds to reduce debt and repurchase shares.

b.well Connected Health Raises $40 Million In Round Led By Leavitt

By Amit Chowdhry ● Feb 26, 2024

b.well Connected Health - a company powering platform-enabled healthcare ecosystems - announced the closing of a $40 million Series C growth round led by Leavitt Equity Partners. Andrew Clark, Managing Partner at Leavitt Equity Partners joins the b.well board of directors.

Reveleer: $65 Million Raised To Advance Sustainable Value-Based Care For Health Plans And Risk-Bearing Providers

By Amit Chowdhry ● Feb 26, 2024

Reveleer - a leading AI-powered healthcare technology data and analytics company committed to advancing sustainable value-based care for health plans and risk-bearing providers - announced it has raised over $65 million in new capital in a financing round led by Hercules Capital.

KKR Buying Broadcom’s End-User Computing Division For About $4 Billion: Details

By Amit Chowdhry ● Feb 26, 2024

KKR announced the signing of a definitive agreement with Broadcom to buy its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon the closing of the deal, the EUC Division will become a standalone company with greater access to growth capital and a dedicated strategic focus on empowering customers and partners worldwide with innovative digital workspace solutions.

Why Apica Is Buying Telemetry Data Management Company Circonus

By Amit Chowdhry ● Feb 26, 2024

Apica (a leader in data management and active observability) announced it has acquired telemetry data company Circonus. Apica also announced a new funding round led by Riverside Acceleration Capital (RAC), with additional funding from existing investors Industrifonden, SEB Foundation, Oxx, and Leo Capital. With this latest acquisition and new investment, Apica will continue providing a modern approach to observability data management for enterprise organizations.

Victory Park Capital Advisors Hires Stephanie Mesheski As Principal, Investor Relations

By Amit Chowdhry ● Feb 26, 2024

Victory Park Capital (VPC) - a global alternative investment firm specializing in private credit - announced that Stephanie Mesheski has joined the firm as Principal on the Investor Relations & Marketing team. Working with Sora Monachino, Managing Director & Head of Investor Relations, Mesheski will primarily be responsible for business development.

P2G Capital And Merit Capital Partners Buying Circuit Check Holdings: Details

By Amit Chowdhry ● Feb 26, 2024

P2G Capital has announced that it recently partnered with Merit Capital Partners and management to acquire Circuit Check Holdings. Based in Maple Grove, Minnesota, Circuit Check is a leading designer and manufacturer of precision-engineered custom test systems, test fixtures, and test automation solutions for electronics and electro-mechanical devices.

Why Stagwell Is Buying Sidekick And What’s Next Partners

By Amit Chowdhry ● Feb 26, 2024

Stagwell - a challenger network built to transform marketing - announced it has acquired Sidekick (a collective of specialist agencies focused on experiential, digital storytelling, and branded content) and WHAT’S NEXT PARTNERS (a French digital brand and marketing consultancy specializing in data-powered strategies, integrated communications, and creative content).

Nassau Financial Group: $250 Million In Credit Facilities Closed

By Amit Chowdhry ● Feb 26, 2024

Nassau Financial Group recently announced that it has closed on a $150 million revolving credit facility and a $100 million term loan credit facility arranged by RBC Capital Markets. And this new agreement includes a refinancing and upsizing of an existing revolving credit facility arranged by RBC Capital Markets in 2022 and a new term loan credit facility.

Wells Fargo: Erik Karanik Named As Head Of WIM Independent Solutions

By Amit Chowdhry ● Feb 26, 2024

Wells Fargo & Company announced Erik Karanik as the head of Independent Solutions for its Wealth & Investment Management (WIM) business. And he will report to WIM Chief Executive Officer Barry Sommers and will remain on the WIM Operating Committee.

Silence Therapeutics: $10 Million Milestone Payment Achieved From AstraZeneca

By Amit Chowdhry ● Feb 26, 2024

Silence Therapeutics - an experienced and innovative biotechnology company committed to transforming people’s lives by silencing diseases through precision-engineered medicines - announced that the initiation by AstraZeneca of a phase 1 clinical trial of the first product candidate under its siRNA (short interfering RNA) collaboration, has triggered a $10.0 million milestone payment to Silence.

Mayfair Capital Partners Buying Baseline Fitness: Details

By Amit Chowdhry ● Feb 26, 2024

Mayfair Capital Partners (a division of Oxford Financial Group) on behalf of its underlying investors has acquired Baseline Fitness. This investment closed on February 2, 2024, and terms were not disclosed.

Phoenix Selling Global Freight Solutions To ILG: Details

By Amit Chowdhry ● Feb 26, 2024

Phoenix announced the sale of Global Freight Solutions (GFS), a leading Enterprise Carrier Management (ECM) company, to industry-leading e-commerce fulfillment specialists International Logistics Group Ltd (ILG), part of the Yusen Logistics/NYK group of companies. Launched more than 20 years ago, GFS pioneered ECM technology and multi-carrier parcel services.

Goldman Sachs Launches Open-Ended European Private Credit Strategy

By Amit Chowdhry ● Feb 26, 2024

Goldman Sachs Alternatives announced that it has launched a new open-ended, semi-liquid European private credit strategy (GSEC) that will benefit from the firm’s 28-year track record as a leader in European private credit. This launch continues the firm’s successful efforts to expand access to its Alternatives platform for professional investors (including qualified individuals).

Stratos Wealth Partners Brings In Pettinelli Financial Partners Of California

By Amit Chowdhry ● Feb 26, 2024

Stratos Wealth Partners (a part of Stratos Wealth Holdings) announced it has successfully recruited Pettinelli Financial Partners of Redwood City, California, with $700 million in total client assets. And founder and Firm Ambassador Dennis Pettinelli, President Jon Pettinelli and their team of 20, which includes advisors and support members, will join Stratos. The firm was formerly affiliated with Osaic's Royal Alliance.

Eyelit Technologies Acquiring Optessa: Details

By Amit Chowdhry ● Feb 26, 2024

Banneker Partners’ portfolio company Eyelit Technologies - a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS) and Factory Automation solutions - announced it has acquired Optessa to enhance its manufacturing optimization capabilities.

Intapp To Buy AI Software Company delphai: Details

By Amit Chowdhry ● Feb 26, 2024

Intapp - a leading global provider of AI-powered software for professionals in advisory, legal, and capital markets firms - has agreed to acquire delphai, a Berlin-based AI software company specializing in applied AI for firmographic data automation, structuring, and intelligence. The deal is subject to regular and customary closing conditions and is expected to close within the next 60 days.

Snowden Lane Partners Brings In $208 Million Advisor Team

By Amit Chowdhry ● Feb 26, 2024

Snowden Lane Partners (an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture) announced that Ornella and Brian Solomon have joined the firm as Managing Directors, based in Snowden Lane’s New York City headquarters. Together, the mother-son wealth management team will form The Lewis-Solomon Group with $208 million in client assets and have selected Charles Schwab as their custodian.

BuzzFeed Sells Complex To NTWRK For $108.6 Million: Details

By Amit Chowdhry ● Feb 26, 2024

BuzzFeed recently announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media in a $108.6 million all-cash deal. Along with the $108.6 million purchase price, the company received approximately $5.7 million for using the company’s NY offices and severance- and other employment-related costs.

The Retirement Planning Group Buying Established RIA Dightman Capital Group: Details

By Amit Chowdhry ● Feb 26, 2024

Cetera Holdings - the holding company of Cetera Financial Group, the premier financial advisor Wealth Hub - announced that The Retirement Planning Group (TRPG) has acquired Dightman Capital Group, an RIA based in Overland Park, Kansas. TRPG acquired 100% of the assets of Dightman Capital Group, which is owned and operated by Brian Dightman, CMT. Dightman is now a W-2 advisor at TRPG, providing him with many benefits, including office support, technology, marketing, insurance, and employee benefits as he continues to serve his existing clients.

Datasite Acquires Board Reporting Provider Sherpany: Details

By Amit Chowdhry ● Feb 26, 2024

Datasite - a leading SaaS platform used by enterprises globally to execute complex and strategic projects - has announced that it has acquired Sherpany, a Zurich-based board reporting and meeting management software provider. The terms of the agreement are not being disclosed and the transaction is expected to close in Q1 2024, subject to closing conditions.

Harwood Private Equity Buying Crest Foods: Details

By Amit Chowdhry ● Feb 26, 2024

Brown Gibbons Lang & Company (BGL) has announced the sale of Crest Foods (a leading provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing) to Harwood Private Equity (an investor in lower middle market companies). BGL's Food & Beverage, Debt Capital Markets, and Real Estate teams together served as the exclusive financial advisor to Harwood. The terms of the transaction were not disclosed.

RTL Group Investing Over €200 Million To Expand Fremantle

By Amit Chowdhry ● Feb 26, 2024

Fremantle (RTL Group’s global content production business) has agreed with Oaktree Capital Management to acquire Asacha Media Group. Asacha Media Group is a European production group based in Paris that owns majority stakes in eight production companies in France, Italy, and the UK, focusing on scripted and unscripted content. Under the terms of the deal, Fremantle can acquire the outstanding shareholdings in the eight production companies over the next years.