Archives

Capitol Imaging Services Buying Houston MRI

By Amit Chowdhry ● Jan 20, 2025

Clearview Capital Fund IV and its affiliates announced the acquisition of DRH & Associates (d/b/a Houston MRI & Diagnostic Imaging) by its portfolio company Capitol Imaging Services.

Waverly Advisors Buying Dickinson Investment Advisors

By Amit Chowdhry ● Jan 20, 2025

Waverly Advisors - a federally registered investment adviser (RIA) specializing in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, announced it has acquired Dickinson Investment Advisors, an investment advisory firm in Council Bluffs, Iowa. This partnership expands Waverly's reach into new markets across Iowa.

Apollo And Standard Chartered Sign $3 Billion Financing Partnership For Global Infrastructure and Energy Transition Credit

By Amit Chowdhry ● Jan 20, 2025

Apollo and Standard Chartered announced a long-term strategic partnership to support and accelerate financing for infrastructure, clean transition, and renewable energy globally, utilizing both firms' leading origination and distribution capabilities.

CertifID: Real Estate Wire Fraud Protection Company Acquires Paymints.io

By Amit Chowdhry ● Jan 20, 2025

CertifID, a leader in wire fraud protection for the real estate industry, announced it has acquired Paymints.io. This solution enables digital money transfers by title companies, law firms, and real estate brokerages. The deal marks a significant step forward in CertifID’s position as the most trusted partner for the industry to secure real estate transactions.

DoiT: Cloud Optimization Company Buying LiveDiagrams

By Amit Chowdhry ● Jan 20, 2025

DoiT, a leading global cloud optimization company offering DoiT Cloud Intelligence - a comprehensive multi-cloud platform powered by industry-defining expertise - announced the acquisition of LiveDiagrams, a cloud infrastructure visualization and analysis software.

Eyelit Technologies Buying Adexa For Expanding Supply Chain Solutions

By Amit Chowdhry ● Jan 20, 2025

Eyelit Technologies, a leader in optimized planning, scheduling, and execution systems for manufacturers, announced the acquisition of Adexa, a global provider of AI-driven supply chain and enterprise business planning solutions. This acquisition strengthens Eyelit’s ability to offer end-to-end smart factory solutions.

Crimson Phoenix Buying Intelligence Solutions Provider Blackspoke

By Amit Chowdhry ● Jan 20, 2025

Crimson Phoenix, a leading digital, data, and intelligence analysis and solutions platform backed by Godspeed Capital Management, announced the acquisition of Blackspoke. This acquisition further solidifies Crimson Phoenix’s position as a leader in AI-powered data labeling and geospatial intelligence solutions while adding prime contracts with the National Geospatial Intelligence Agency (NGA) and National Reconnaissance Office (NRO) and furthering innovation in these notable areas.

Creative Dock Buying nFrontier For Expanding Into Hardware Production

By Amit Chowdhry ● Jan 20, 2025

Creative Dock Group (CDG), a corporate venture builder and growth driver for companies in Europe and MENA, announced it has acquired nFrontier, an award-winning specialist in product experience and industrial design. And the innovation studio is known for its product development for clients such as Airbus, BMW, Dräxlmaier, and Vossloh. CDG’s clients include Adidas, Ahold, Amadeus, Avast, Bekaert, Holcim, Mondelēz, JTI, and Veolia.

Applied Digital: Up To $5 Billion Investment Raised From Macquarie Asset Management

By Amit Chowdhry ● Jan 20, 2025

Applied Digital - a designer, builder, and operator of next-generation digital infrastructure for HPC applications - entered into a $5 billion perpetual preferred equity financing facility, with investment vehicles of funds managed by MAM, for its HPC business conducted through APLD HPC Holdings (APLDH), a subsidiary of Applied Digital.

Amulet: Interview With Founder & CEO Abi Barnes About The Food Allergen Sensor Company

By Amit Chowdhry ● Jan 20, 2025

Amulet is a company that is shining a light on invisible threats in our food system. Amulet has two brands: Allergy Amulet, whose signature wearable helps people detect allergens in their food; and Amulet Scientific, which aims to equip food manufacturers with technology to target toxins and contaminants. Pulse 2.0 interviewed Amulet founder and CEO Abi Barnes to learn more about the company.

Sidley: David Grubman And Adam Cromie Named As M&A Partners In New York

By Amit Chowdhry ● Jan 20, 2025

Sidley announced that David Grubman and Adam Cromie have joined Sidley’s M&A practice as partners in the New York office. Grubman joins from Jones Day, where he was M&A Chair for the Americas for the firm’s corporate practice. He will be the global co-leader of Sidley’s M&A practice. Cromie joins from Simpson Thacher, where he was an M&A partner. He had worked with Grubman for seven years.

CIVIE: Strategic Investment Raised From WindRose Health

By Amit Chowdhry ● Jan 20, 2025

WindRose Health Investors, a New York-based healthcare private equity firm, announced it has completed a strategic investment in CIVIE, an AI-based ecosystem of radiology solutions. The company's proprietary technology platform and AI solutions are built to help radiology practices and hospital systems optimize revenue, enhance productivity, streamline operations, and improve patient outcomes. The terms of the transaction were not disclosed.

Kirkland & Ellis: Rodney Hill Named As Tax Partner

By Amit Chowdhry ● Jan 20, 2025

Kirkland & Ellis announced that Rodney Hill has joined the firm as a partner in the Tax Practice Group. Hill advises on the tax aspects of transactions, focusing on investment fund formation and mergers and acquisitions involving investment fund sponsors.

LemFi: $53 Million (Series B) Raised To Transform How Immigrants Access Financial Services

By Amit Chowdhry ● Jan 20, 2025

LemFi, a platform transforming how immigrant communities access financial services, has raised $53 million in Series B funding led by Highland Europe with participation from previous investors Left Lane Capital, Palm Drive Capital, and Y-Combinator. The new funding round brings LemFi’s total capital to $85 million.

DESRI Raises Minority Investment From Macquarie Asset Management

By Amit Chowdhry ● Jan 20, 2025

Macquarie Asset Management (MAM), D. E. Shaw Renewable Investments (DESRI), and the D. E. Shaw group announced that MAM has completed a previously announced significant minority investment in DESRI via several MAM-managed funds. And DESRI is a leading renewable energy company that develops, owns, and operates utility-scale solar, wind, and battery storage projects throughout the United States. The investment will enable DESRI to continue its growth.

Winged Keel Group: Strategic Investment From GTCR Raised

By Amit Chowdhry ● Jan 20, 2025

GTCR, a leading private equity firm, has agreed to invest strategically in Winged Keel Group, an independent life insurance brokerage firm specializing in inter-generational wealth accumulation and estate planning strategies. This investment comes from Winged Keel’s rapid geographic expansion and will fuel the company’s growth. At the same time, it continues to build upon its client service and technology platform, providing enhanced solutions to clients, their advisors, and Winged Keel partners.

Pelican Energy Partners Buying Lancs Industries

By Amit Chowdhry ● Jan 20, 2025

Pelican Energy Partners announced the acquisition of Lancs Industries. Based in Albuquerque, New Mexico, Lancs provides radiation containment and shielding solutions to the U.S. Department of Energy nuclear waste remediation, commercial nuclear power, U.S. Navy, National Laboratory, and pharmaceutical sectors.

AlphaGen Raises $500 Million From ADIA

By Amit Chowdhry ● Jan 20, 2025

ArcLight Capital Partners announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has agreed to make a $500 million minority investment in AlphaGen, a power infrastructure portfolio owned by affiliates of ArcLight-managed funds.

Shippeo: Multimodal Transportation Visibility Company Raises $30 Million

By Amit Chowdhry ● Jan 20, 2025

Shippeo, a leader in real-time multimodal transportation visibility, announced a $30 million strategic funding round led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good, and Yamaha Motor Ventures. This new funding round will support Shippeo’s accelerated expansion across North America and APAC while driving enhancements to its Real-Time Transportation Visibility Platform. With this funding round, Shippeo’s total funding exceeds $140 million.

Baker McKenzie: Julia Ushakova-Stein And Niki Ford Named As Tax Partners

By Amit Chowdhry ● Jan 20, 2025

Baker McKenzie announced that the firm's Tax Practice has added partners Julia Ushakova-Stein in San Francisco and Niki Ford in New York.

Union Healthcare Insight: Strategic Investment Raised From New Mountain

By Amit Chowdhry ● Jan 20, 2025

Union Healthcare Insight, a healthcare research and insights platform, announced a strategic investment from affiliates of New Mountain Capital, a leading growth-oriented investment firm with approximately $55 billion in assets under management. And New Mountain, along with healthcare executive Robert Musslewhite, will support Union across the next phase of growth for the company by providing an investment that will significantly expand the scope of Union’s research and product capabilities.

Dentons: Van Durrer Named As Bankruptcy Partner In LA

By Amit Chowdhry ● Jan 20, 2025

Dentons announced that Van Durrer joined the firm as a partner in its Restructuring, Insolvency and Bankruptcy (RIB) practice. And Durrer has decades of experience advising on some of the most complex and high-profile restructuring matters domestically and globally.

United Rentals To Buy H&E Equipment Services In $4.8 Billion Deal

By Amit Chowdhry ● Jan 20, 2025

United Rentals and H&E Equipment Services announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including roughly $1.4 billion of net debt.

Sidley: Elisabetta Righini Named As Partner In Brussels

By Amit Chowdhry ● Jan 20, 2025

Sidley announced that Elisabetta “Betta” Righini had joined the Brussels office as a partner in the firm’s Antitrust and Competition practice. She joined Latham & Watkins, where she was a partner, and before that, she held several senior positions at the European Commission.

Cetera Brings In Advisors With $255 Million In Combined AUA: Jennifer Read and Terri Steele

By Amit Chowdhry ● Jan 20, 2025

Financial advisor firm Cetera Financial Group recently announced that advisors Jennifer Read, Terri Steele, and their team have joined Cetera Advisors. Read, Steele and their team, who have a combined $255 million in assets under administration as of September 1, 2024, are joining Cetera from Osaic. Read and Steele decided to make the switch to Cetera to enjoy increased flexibility to work together.

DLA Piper: John Frantz Named As Partner In Telecom Practice

By Amit Chowdhry ● Jan 20, 2025

DLA Piper announced it has welcomed John Frantz as a partner in the Telecom Practice. Based in New York, Frantz brings to the firm substantial litigation and regulatory, combined with industry business knowledge based on over two decades of leadership roles at Verizon.

Wabtec To Buy Evident’s Inspection Technologies Unit In $1.78 Billion Deal

By Amit Chowdhry ● Jan 20, 2025

Wabtec announced a definitive agreement to buy Evident’s Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation - a global leader in Non-Destructive Testing, Remote Visual Inspection, and Analytical Instruments solutions for mission-critical assets.

Vertical Compute: €20 Million (Seed) Secured To Build Integrated Memory And Computing Technology

By Amit Chowdhry ● Jan 20, 2025

Vertical Compute, a company founded by CEO Sylvain Dubois (ex-Google) and CTO Sebastien Couet (ex-imec), announced that it successfully closed a seed investment round of €20 million. The funding round was led by imec.xpand and supported by a strong investor base, including Eurazeo, XAnge, Vector Gestion and imec. And this funding will support Vertical Compute’s goals of developing a novel vertical integrated memory and compute technology, unlocking a new generation of AI applications.

Sygnum: Digital Asset Banking Company Raises $58 Million At Over $1 Billion Valuation

By Amit Chowdhry ● Jan 20, 2025

Sygnum announced it has raised a total of $58 million in its oversubscribed strategic growth round, giving it a post-money valuation of over $1 billion. Final close cornerstone investor Fulgur Ventures (a Bitcoin-focused venture capital firm) was joined by new and existing strategic and financial investors and Sygnum team members. The co-founders, board, and team members continue to hold Sygnum's majority ownership.

Clearwater Analytics To Buy Enfusion For About $1.5 Billion

By Amit Chowdhry ● Jan 20, 2025

Clearwater Analytics and Enfusion announced an entry into a definitive merger agreement for Clearwater to acquire Enfusion, a leader in software-as-a-service (SaaS) solutions for the investment management and hedge fund industry. The purchase price was $11.25 per share, delivered in an equal mix of cash and stock. And Clearwater will pay $30 million to terminate Enfusion’s tax receivable agreement (TRA). This totals a purchase price of approximately $1.5 billion.