Archives

Apse Capital: J.P. Morgan Leads €350 Million Continuation Fund Close

By Amit Chowdhry ● Nov 27, 2024

Apse Capital Limited announced today the closing of a €350 million continuation fund in connection with acquiring three existing assets from Apse Capital Bridge Fund.

360Player: $25 Million Investment From Five Elms Capital

By Amit Chowdhry ● Nov 27, 2024

360Player, a leading all-in-one digital platform for modern sports clubs, announced a $25 million strategic growth investment from Five Elms Capital. This funding round will support 360Player's ambitious plans to expand its integrated platform for clubs, coaches, players, and parents across new international markets.

Helen Of Troy To Buy Olive & June In $240 Million Deal

By Amit Chowdhry ● Nov 27, 2024

Helen of Troy—a designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products—announced that it has entered into a definitive merger agreement to buy Olive & June's business.

LeapFrog Investments: $1.15 Billion Fourth Fund Closed

By Amit Chowdhry ● Nov 27, 2024

LeapFrog Investments announced the closing of its fourth fund, with commitments and designated co-investments totalling $1.02 billion. And LeapFrog’s initial target for Fund IV was $1 billion.

Serenity: AI-Based EHS Software Solutions Company Raises $5.5 Million (Series A)

By Amit Chowdhry ● Nov 27, 2024

Serenity, a leader in innovative AI-based Environmental, Health, and Safety (EHS) software solutions, announced the closing of a $5.5 million Series A funding round. The funding was led by Allegion Ventures, with follow-on participation from existing investor Base10 Partners.

LLCP: $575 Million Multi-Asset Continuation Fund Closed

By Amit Chowdhry ● Nov 27, 2024

Levine Leichtman Capital Partners (LLCP) announced the closing of a $575 million multi-asset continuation fund transaction. And LLCP LMM Acquisition Fund, L.P. was formed to acquire interests in three portfolio companies: Blue Ridge Associates, Milton Industries and Resolution Economics – from LLCP Lower Middle Market Fund, L.P. (LMM II).

Pepsi Buying The Remaining 50% Stake In Sabra And Obela

By Amit Chowdhry ● Nov 27, 2024

PepsiCo announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) and become the sole owner of these companies, which make Sabra and Obela products.

Folks Finance: $3.2 Million (Series A) Raised At $75 Million Valuation For Expanding DeFi Solutions Platform

By Amit Chowdhry ● Nov 27, 2024

Folks Finance—a leading DeFi platform where users can lend, borrow, trade, and manage their digital assets across multiple blockchains—announced at Web Summit 2024 that it has raised $3.2 million in an oversubscribed Series A round led by Borderless Capital at a final valuation of $75 million. The funding round also saw participation from SOVO Ventures, Mapleblock, Algorand Ventures, and others, bringing total investment into the platform to $6.2 million.

Quikrete Taking Summit Materials Private In $11.5 Billion Deal

By Amit Chowdhry ● Nov 27, 2024

Aggregates and cement producer Summit Materials announced it has entered into a definitive agreement to be acquired by Quikrete Holdings for $52.50 per share in cash, for a total enterprise value of about $11.5 billion, including debt. The deal price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price. The Summit and Quikrete Boards of Directors have unanimously approved this combination.

ONEOK Buying Remaining Shares Of EnLink In $4.3 Billion Deal

By Amit Chowdhry ● Nov 27, 2024

ONEOK and EnLink Midstream announced that they have executed a definitive merger agreement under which ONEOK will acquire all of the outstanding publicly held common units of EnLink for $4.3 billion in ONEOK common stock.

Conduction: Music Education Company Raises Pre-Seed Funding

By Amit Chowdhry ● Nov 27, 2024

Conduction, an ed-tech company transforming the music classroom, announced a $265,000 pre-seed investment from the Richard King Mellon Foundation. The funding will advance the company’s proprietary music software modules, increase corporate partnerships, and expand operations in schools across Pennsylvania and throughout the US.

Tricentis: Continuous Testing Company Raises $1.3 Billion From GTCR At $4.5 Billion Valuation

By Amit Chowdhry ● Nov 27, 2024

Tricentis, a global leader in continuous testing and quality engineering, announced that leading private equity firm GTCR has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and advance Tricentis for future growth and innovation.