Innovation

Why Stengel Hill Architecture Is Buying Smith Consulting Architects

By Amit Chowdhry ● Mar 5, 2024

Godspeed Capital Management LP — a lower middle market Defense & Government services, solutions, and technology-focused private equity firm — announced the acquisition of Smith Consulting Architects (SCA) by its architectural, engineering, and consulting (AEC) services platform, Stengel Hill Architecture (SHA).

Agio Ratings: Risk Analytics Company Raises $4.6 Million

By Amit Chowdhry ● Mar 5, 2024

Agio Ratings announced it had raised $4.6 million in pre-seed and seed funding to transform how the digital asset industry prices risk. Superscrypt led the seed round and was joined by Portage, MS&AD Ventures, and several angel investors in insurance and asset management. The company—which launched in May 2022—enables institutions to price the risk of 30+ major trading venues.

AGA Benefit Solutions Raises Funding From TA Associates

By Amit Chowdhry ● Mar 5, 2024

AGA Benefit Solutions (AGA) - a leading developer and administrator of customized group insurance and retirement plans across Canada - announced that it has received a significant growth investment from TA Associates. TA has partnered with AGA’s management team, who will remain in place and be substantial shareholders of AGA.

Alter Domus Raises Strategic Investment From Cinven

By Amit Chowdhry ● Mar 5, 2024

Alter Domus - a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry - announced that it has secured a new strategic investment from Cinven. And Cinven is a leading international private equity firm focused on building world-class global and European companies. The transaction gives Alter Domus an enterprise value of €4.9 billion ($5.3 billion).

Why Accenture Is Buying The Lumery

By Amit Chowdhry ● Mar 5, 2024

Accenture announced it has acquired The Lumery, which is a Melbourne-based marketing technology (martech) consultancy that helps leading organizations deliver seamless customer experiences and transform their marketing services. And the acquisition will strengthen the marketing transformation capabilities of Accenture Song — which is the firm’s tech-powered creative group — and add significant depth to its offerings in Australia, such as personalization, CRM and loyalty, testing and experimentation and automation.

Overjet: Dental AI Company Raises $53 Million At $550 Million Valuation

By Amit Chowdhry ● Mar 5, 2024

Overjet—a leader in dental AI—announced a $53.2 million Series C round, the largest investment ever in artificial intelligence for dentistry. March Capital led this historic round, which also included General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association. This brings Overjet's total funding to about $133 million and increases the company's valuation to $550 million.

Why Mercer Advisors Is Buying MDK Private Wealth Management

By Amit Chowdhry ● Mar 5, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of MDK Private Wealth Management. And MDK is a comprehensive wealth management firm located in Seattle, Washington. MDK, founded in 2020 by co-founders Paul Meyer, Jaimi Dennehy, and Chris Kalafatis and complemented by a highly qualified team of professionals, serves its Ultra High Net Worth (UHNW) clientele with assets under supervision of over $2.5 billion.

Mews: Hospitality Cloud Company Raises $110 Million At $1.2 Billion

By Amit Chowdhry ● Mar 5, 2024

Mews - an industry-leading hospitality cloud - announced it raised a fresh round of funding at $110 million. The funding round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2 billion.

Soundcore Capital Partners Names Brian Pfeifer As President Of Door & Dock Holdings

By Amit Chowdhry ● Mar 5, 2024

Soundcore Capital Partners, LP—a New York-based private equity firm specializing in buy-and-build investments in the lower middle market—announced the appointment of Brian Pfeifer as President of Door & Dock Holdings, LLC (D&D). These are the details.

Z Capital Credit Partners Closes $331.3 Million BSL CLO

By Amit Chowdhry ● Mar 5, 2024

Z Capital Credit Partners, L.L.C. (ZCCP) - the credit fund management platform of Z Capital Group, L.L.C. (ZCG) - announced the closing of a $331.3 million collateralized loan obligation (CLO) managed by its affiliate, Z Capital CLO Management, L.L.C. This is the fifth CLO issuance for ZCCP.