Archives

Infinant: Bank Platform Company Raises $15 Million (Series A)

By Amit Chowdhry ● Jan 5, 2025

Infinant, a Charlotte-based leading bank platform provider, announced it has raised $15 million in Series A funding, led by FINTOP Capital and partner JAM FINTOP BankTech, with participation from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.

Raymond James Onboards $400 Million Helton Wealth Management Team

By Amit Chowdhry ● Jan 5, 2025

Raymond James has welcomed financial advisor Chris Helton to the firm’s independent advisor channel Raymond James Financial Services (RJFS) as reported by Todd Gartrell, Southeast division director for RJFS. Based in Huntsville, Alabama,

Balt: €355 Million Secured To Finance Existing Debt And Drive Growth

By Amit Chowdhry ● Jan 5, 2025

Balt, a global medical device leader in interventional neuroradiology, announced that it secured €355 million in financing from a group of leading institutional investors and banks to refinance existing debt, accelerate product innovation, expand production capacity, and enhance the development of key growth markets.

Research: How To Be Better Prepared For Managing EV Batteries In The Winter

By Amit Chowdhry ● Jan 5, 2025

With winter temperatures dropping, electric vehicle owners can face several challenges, such as winter range reduction and charger issues. Data from over 10,000 EVs has revealed that cold weather could reduce the driving range by up to 37%. And a recent AI-assisted research of 1+ million reviews has shown that 1 out of 5 charges are non-functional.

Invst Buying NS Capital To Transform Retirement Solutions For Businesses

By Amit Chowdhry ● Jan 5, 2025

Invst, an Indianapolis, Indiana-based registered investment advisor (RIA), has announced the acquisition of NS Capital, a Stamford, Connecticut-based registered investment advisor, creating a leading retirement practice to reshape how businesses approach employee retirement solutions.

General Proximity: $16 Million (Seed) Raised To Innovate Induced Proximity Medicines For Undruggable Targets

By Amit Chowdhry ● Jan 4, 2025

General Proximity, a biotech platform company, announced its emergence from stealth and unveiled its proprietary OmniTAC platform designed to pioneer the next generation of induced proximity medicines. The company raised $16 million to accelerate the development of treatments targeting undruggable proteins associated with cancer, cardiometabolic disease, neurodegeneration, and longevity.

MIT Research Shows Pay-As-Bid Auction Model For Managing Emissions Could Provide Green Incentives

By Amit Chowdhry ● Jan 4, 2025

Many governments have been addressing climate change by managing carbon emissions through a system of permits sold in auctions at a uniform price or the lowest winning bid, representing the price that all winning bidders typically pay for each unit. And new research by MIT Sloan School of Management associate professor Negin Golrezaei found that switching to a pay-as-bid auction, where each buyer pays the price they bid, could boost revenue and provide stronger incentives for companies to invest in greener technologies.

Corsmed: $3.5 Million (Seed) Raised For Advancing MRI Scanning

By Amit Chowdhry ● Jan 4, 2025

Corsmed, a Swedish Magnetic Resonance Imaging (MRI) software company, announced it has secured $3.5 million in seed funding, bringing the total investment in the company to $10 million. The funding round was co-led by Luminar Ventures and Big Pi Ventures, with participation from previous investors.

Cimulate: $28 Million (Series A) Raised To Help Brands Meet The Demands Of Consumers

By Amit Chowdhry ● Jan 4, 2025

Cimulate - a leader in enterprise AI for commerce - announced it has raised $28 million in Series A funding led by Spark Capital with participation from its seed stage investors Sierra Ventures and Pillar VC, with additional participation from LFX Venture Partners and Commerce Ventures. This funding round will accelerate Cimulate’s mission to revolutionize commerce by offering transformative customer experiences through scalable personalization, with a foundation in generative-AI-based search.

Swave Photonics: Holographic Display Company Raises €27 Million (Series A)

By Amit Chowdhry ● Jan 4, 2025

Holographic display company Swave Photonics announced the closing of its €27 million ($28.27 million) Series A funding round. This investment in Swave will catalyze the advancement of its Holographic eXtended Reality (HXR) platform, enabling a reality-first user experience for AI-based augmented reality (AR) smartglasses and heads-up displays.

Marquee Brands Buying Home And Fashion Company Laura Ashley

By Amit Chowdhry ● Jan 4, 2025

Marquee Brands, a global brand accelerator and owner of 17 brands announced the strategic acquisition of Laura Ashley, a legacy home, fashion and lifestyle brand known for its English aesthetic, from Gordon Brothers. Originally founded in 1953, Laura Ashley has become synonymous with timeless design, blending delicate florals, vintage-inspired motifs and craftsmanship across hundreds of products and categories.

Pursuit Completes $17 Million Acquisition Of Jasper SkyTram

By Amit Chowdhry ● Jan 4, 2025

Pursuit Attractions and Hospitality announced that it closed on the previously announced acquisition of the Jasper SkyTram, which is based in Canada’s iconic Jasper National Park. This attraction is one of Jasper’s most recognizable tourism destinations within the globally visited Canadian Rocky Mountain town.

Delek Logistics Partners Closes Gravity Water Midstream Acquisition

By Amit Chowdhry ● Jan 4, 2025

Delek Logistics Partners has announced the closing of the previously announced acquisition of Gravity Water Intermediate Holdings. The Gravity operations include integrated full-cycle water systems in the Permian Basin along with produced water gathering and transportation assets in the Bakken. And the total consideration for the transaction is $285 million comprising of $200 million in cash (excluding customary closing adjustments) and about 2.175 million DKL units.

Marsh McLennan Agency Buying Acumen Solutions Group

By Amit Chowdhry ● Jan 4, 2025

Marsh McLennan Agency (MMA), a business of Marsh and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across North America, announced the acquisition of Acumen Solutions Group, a New York-based full-service insurance agency. The terms of the acquisition were undisclosed.

Curtiss-Wright: $200 Million Acquisition Of Ultra Energy Completed

By Amit Chowdhry ● Jan 4, 2025

Curtiss-Wright announced that it completed the acquisition of Ultra Nuclear Limited and Weed Instrument for $200 million in cash. Ultra Energy is a leading global provider of safety-critical measurement and control systems for commercial nuclear, aerospace, and defense markets.

L’Oréal Groupe To Buy Korean Skincare Brand Dr.G

By Amit Chowdhry ● Jan 4, 2025

L'Oréal Groupe announced that it has signed an agreement with Swiss retail group Migros to acquire its subsidiary Gowoonsesang Cosmetics Co, Ltd, including Dr.G, the Korean skincare brand founded by dermatologist Dr. Gun Young Ahn in 2003 and based in Seoul. And Dr.G will become part of L'Oréal Groupe's Consumer Products Division (CPD), positioned to meet the rising demand for K-Beauty and scientifically developed, effective, affordable skincare solutions.

PAR Technology Buying Delaget To Expand Restaurant Capabilities

By Amit Chowdhry ● Jan 4, 2025

PAR Technology, a global food service technology company, announced the acquisition of Delaget, a leading restaurant analytics and business intelligence solutions provider.

Mayer Brown: Chris McGarry Joins As Structured Finance Partner

By Amit Chowdhry ● Jan 4, 2025

Mayer Brown announced that Chris McGarry joined the firm as a partner in its global Structured Finance and Private Capital groups. And he joins from White & Case, where he led the firm’s European collateralized loan obligations (CLO) practice and English law securitization practice.

White & Case: Aaron Kenavan And Jamie Palmer Join As Partners In Sydney

By Amit Chowdhry ● Jan 4, 2025

Global law firm White & Case LLP announced it has expanded its Global Mergers & Acquisitions (M&A) Practice and its Global Private Equity Industry Group with the addition of partners Aaron Kenavan and Jamie Palmer in Sydney.

Big Time Studios: $150 Million Fund Launched To Advance Web3 Gaming

By Amit Chowdhry ● Jan 4, 2025

Big Time Studios recently announced the $150 million Open Loot Fund, an initiative to empower game studios leveraging the Open Loot platform. This fund provides financial backing, marketing expertise, and development support to enable studios to create high-quality crypto games.

Jolt: Sustainable Energy Storage Materials Company Raises $4 Million (Series A)

By Amit Chowdhry ● Jan 4, 2025

Jolt Energy Storage Technologies, a pioneer in sustainable organic energy storage materials, announced it raised $4 million in its Series A offering. This funding will accelerate prototype development, field testing, design, and manufacturing processes to pave the way for commercial scalability of its organic flow battery design.

Permira Funds Buying Strategic Majority Stake In Westbridge

By Amit Chowdhry ● Jan 4, 2025

Global investment firm Permira and the investor GENUI announced that funds advised by Permira had agreed to acquire a majority stake in Westbridge Advisory, a leading European energy and sustainability advisory firm for institutional real estate clients.

H.I.G. Capital To Buy AI Solutions Company Quisitive

By Amit Chowdhry ● Jan 4, 2025

Microsoft Cloud and AI solutions provider Quisitive Technology Solutions announced that it entered into an arrangement agreement under which an affiliate of H.I.G. Capital will buy all of the company's issued and outstanding common shares.

Gladstone And Proteus Acquiring Ricardo Defense

By Amit Chowdhry ● Jan 4, 2025

Gladstone Investment and Proteus Enterprises announced its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively known as RDI). Gladstone Investment provided equity and senior secured debt to complete the transaction.

Cass Information Systems Acquires AcuAudit From Active Solutions

By Amit Chowdhry ● Jan 4, 2025

Cass Information Systems - a leading global freight audit & payment solutions provider - announced it acquired AcuAudit, a premier freight audit platform for the ocean and international air freight, from Active Solutions.

SkyVisor: €1.2 Million Raised For Enhancing Drone-Based Inspection Software

By Amit Chowdhry ● Jan 4, 2025

SkyVisor - a leading innovator of automatic drone-based inspection and asset management software for renewables - announced it has raised €1.2 million in a funding round backed by Tomcat, the French public investment bank BPIfrance, Région Île-de-France, and industry leading investors. This investment will drive SkyVisor’s international expansion, accelerate product development, and strengthen its wind and solar market role.

Computershare To Buy Investor Intelligence Company CMi2i

By Amit Chowdhry ● Jan 4, 2025

Computershare announced that it acquired CMi2i Limited. CMi2i provides independent and trusted advice to boards, executives, and advisors of of the largest public companies around the world.

Equinor: $3 Billion Financing Raised For U.S. Empire Wind 1 Project

By Amit Chowdhry ● Jan 4, 2025

Equinor announced it secured a financing package of over $3 billion to advance Empire Wind 1 offshore wind power project in the US. With this funding, the company expects the total capital investments, like fees for using the South Brooklyn Marine Terminal, to be about $5 billion, including the effect of future tax credits.

Nu Skin Enterprises: Strategic Deal Of Mavely For $250 Million

By Amit Chowdhry ● Jan 4, 2025

Nu Skin Enterprises announced that its Rhyz subsidiary completed a strategic transaction with Later, a portfolio company of Summit Partners. And as part of the deal, Rhyz sold its Mavely affiliate marketing technology platform to Later in exchange for about $250 million in cash and a minority equity stake in the combined Later/Mavely business.

Orion: Acquisition Of Summit Wealth Systems Completed

By Amit Chowdhry ● Jan 4, 2025

Orion, a provider of transformative wealth technology solutions for financial advisors and the enterprise firms that serve them, announced the completion of its acquisition of advisor technology provider Summit Wealth Systems. As part of the deal, Summit’s co-founder and CEO, Reed Colley, joined Orion today as President of Orion Advisor Technology, reporting to Orion CEO Natalie Wolfsen. The definitive agreement was announced on December 19, 2024, and further deal details will not be disclosed.