Archives

Blank Rome: Stephen Koval Named As Corporate Partner In NY

By Amit Chowdhry ● Jan 14, 2025

Blank Rome announced that Stephen “Steve” C. Koval has joined the firm’s New York office as a partner in the Corporate, M&A, and Securities group. As a renowned dealmaker, Koval focuses his practice on structuring and negotiating complex business and private equity (PE) transactions, including public and private mergers, acquisitions, divestitures, carveouts, and recapitalizations. He joined Blank Rome from Arnold & Porter, where he served as a partner and co-head of the firm’s global private equity practice.

Telecom Infrastructure Partners: €560 Million In Debt Financing Secured

By Amit Chowdhry ● Jan 14, 2025

Telecom Infrastructure Partners (TIP), a global digital infrastructure investment firm, announced the closing of a €560 million debt financing. This deal represents a significant milestone for TIP, highlighting its strong credit profile, strategic vision, and ability to secure competitive financing in an evolving market.

Jotit: Education Technology Company Raises $10 Million (Seed)

By Amit Chowdhry ● Jan 14, 2025

Jotit, a platform designed to simplify and streamline learning in the digital age, announced the closing of its $10 million seed funding round led by Owl Ventures. Other key investors include Good Company VC, Cresson Management, Two Lanterns VC, One Line VC, Paul Volosov, Guy Gamzu, Amit Gilon, and MindCET Capital.

Verastem Oncology: $150 Million Credit Facility Deal Signed

By Amit Chowdhry ● Jan 14, 2025

Verastem Oncology, a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, announced a new credit facility for up to $150 million and an equity investment of $7.5 million with Oberland Capital Management.

Aerin Medical: $32.5 Million Raised To Advance Growth

By Amit Chowdhry ● Jan 14, 2025

Aerin Medical - a high-growth medical device company focused on expanding access to meaningful relief for millions of patients suffering from chronic ENT conditions - announced the completion of two significant financial transactions.

Pipe17: AI-Based Order Operations Solutions Company Raises $15.5 Million (Series A)

By Amit Chowdhry ● Jan 14, 2025

Pipe17, a leading provider of AI-based composable order operations, announced a $15.5 million funding round, highlighting the company's rapid growth and strategic vision to transform commerce operations. And the company recently hired its first Chief Operating Officer, Kelly Goetsch, a recognized industry pioneer who joined Pipe17 from commercetools, where he helped scale the company to over $100 million in annual recurring revenue (ARR).

American Industrial Partners Raises Strategic Investment From Blackstone

By Amit Chowdhry ● Jan 14, 2025

American Industrial Partners (AIP) announced a strategic minority investment from funds managed by Blackstone GP Stakes, specializing in value-added, long-term minority investments in industry-leading private equity firms.

Raymond James Onboards $440 Million Oklahoma-Based Team

By Amit Chowdhry ● Jan 14, 2025

Raymond James announced it onboard financial advisors John “David” Veitch and Drew Veitch to Raymond James & Associates (RJA) – which is the firm's employee advisor channel as revealed by RJA’s Southwest regional director Edward Sudzina. Based in Tulsa, Oklahoma, this team is joined by David’s brother, client service associate Scott Veitch.

Savvy Advisors Passes $1 Billion In AUM

By Amit Chowdhry ● Jan 14, 2025

Savvy Advisors, a federally registered investment advisor (RIA) affiliated with Savvy Wealth, announced it has surpassed $1 billion in client assets under management (AUM), tripling its assets since the start of 2024. And at the same time, Savvy added four more experienced financial advisors in December, capping off a transformative year of expansion. These developments follow Savvy Wealth’s $26.5 million Series A funding round earlier this year, emphasizing its affiliated RIA’s strong trajectory heading into 2025.

Cerity Partners Onboards $4.1 Billion AUM Firm Prio Wealth

By Amit Chowdhry ● Jan 14, 2025

Cerity Partners, a leading independent wealth management firm in the U.S., announced that it is merging with Prio Wealth, a Boston-based wealth management firm. This deal will expand Cerity Partners’ comprehensive wealth advisory services across family and generational wealth planning, financial and retirement planning, and investment management services.

Summit Partners: Ricardo Gonzalez Named As Partner

By Amit Chowdhry ● Jan 14, 2025

Growth-focused investment firm Summit Partners announced the addition of Ricardo Gonzalez as a Partner on the firm’s Growth Products & Services team. Gonzalez brings over 15 years of investing and operating experience to the role and will draw on this experience to help support the growth of profitable, category-leading businesses and talented executives in the financial services, consumer, business services, and industrial technology sectors.

Mariner Acquiring Cardinal Investment, Bringing In $292 Billion In Assets Under Advisement

By Amit Chowdhry ● Jan 14, 2025

Mariner, a leading national financial services firm, announced the acquisition of Cardinal Investment Advisors in a deal that adds $292 billion in assets under advisement and about 40 employees to its Mariner Institutional practice. This deal marks a significant milestone in Mariner’s 2025 strategic national expansion plan, strengthening its ability to meet increasing client demand and will bring its total assets under advisement to approximately $550 billion in the first quarter of 2025.

First American Bank Partnering With InvestCloud To Modernize Digital Wealth Management Platform

By Amit Chowdhry ● Jan 14, 2025

InvestCloud (a leader in wealth technology) and First American Bank (FAB), a regional financial institution with $7 billion in assets under management and 61 locations across Illinois, Wisconsin, and Florida, announced a strategic partnership to modernize FAB’s digital wealth management platform. And this collaboration aims to significantly enhance client engagement by offering clients, prospects, wealth advisors, and relationship managers with a unified technology platform offering tailored insights and comprehensive support.

Janney: 27 Financial Advisors Added In 2024

By Amit Chowdhry ● Jan 14, 2025

Janney Montgomery Scott, a leading full-service wealth management and investment banking firm, announced 27 experienced Financial Advisors joined the firm in 2024. And the Financial Advisors collectively manage over $4.3 billion in assets and joined Janney from Baird, Citizens, Fidelity, Kestra, LPL, Merrill Lynch, Osaic, Raymond James, Steward Partners Global Advisory, Truist, UBS, and Wells Fargo.

Norton Rose Fulbright: Jamal Tuhin Named As Partner In London

By Amit Chowdhry ● Jan 14, 2025

Law firm Norton Rose Fulbright announced the appointment of Jamal Tuhin as a partner in London. And Tuhin, a private equity lawyer who joins from Dechert, acts for private equity and financial sponsor clients across Europe and the US on every phase of international and domestic M&A transactions.

Merit Financial Acquiring $739 Million Firm Zimmermann Investment

By Amit Chowdhry ● Jan 14, 2025

Merit Financial Advisors - a Georgia-based financial advisory firm specializing in financial planning and wealth management solutions for high-net-worth individuals, families, and those navigating life transitions - announced it has acquired Zimmermann Investment Management & Planning. This deal will expand Merit's presence with a fourth office in Pennsylvania and increase its assets by $739 million.

Procyon Partners Appoints Mark Sullivan As SVP And Senior Private Wealth Advisor

By Amit Chowdhry ● Jan 14, 2025

Procyon Partners announced the appointment of Mark Sullivan as Senior Vice President and Senior Private Wealth Advisor, a key move in the firm’s growth strategy. And Sullivan, an industry veteran with deep expertise in wealth management, will join the team at the firm’s Shelton, Connecticut headquarters, where he is expected to play a pivotal role in advancing Procyon’s success.

Motorola Solutions To Buy Theatro

By Amit Chowdhry ● Jan 14, 2025

Motorola Solutions announced it has entered into a definitive agreement to acquire Theatro Labs, the maker of AI and voice-powered communication and digital workflow software for frontline workers, based in Richardson, Texas.

Quanterix To Buy Akoya Biosciences For Creating An Integrated Solution For Detection Of Protein Biomarkers

By Amit Chowdhry ● Jan 13, 2025

Quanterix and Akoya Biosciences announced a definitive merger agreement under which Quanterix will acquire Akoya in an all-stock transaction. The deal will create the first integrated solution for ultra-sensitive detection of blood- and tissue-based protein biomarkers.

KeyBank: Robert Weiss To Head Family Wealth Business

By Amit Chowdhry ● Jan 13, 2025

KeyCorp announced that Robert Weiss has joined the company as Head of Key Family Wealth, where he will work across the enterprise to grow the ultra-high net worth client segment. And he is based in New York City and reports to Key Wealth President Joe Skarda.

N-Power Medicine Acquiring Syapse For Advancing Clinical Trial Process

By Amit Chowdhry ● Jan 13, 2025

N-Power Medicine, a company leading the transformation of the clinical trial process, announced the acquisition of Syapse, an innovator in precision medicine solutions for community cancer centers. N-Power’s acquisition of Syapse was completed through a stock-for-stock exchange on December 30, 2024. Innovatus Capital Partners (Syapse’s lead institutional investor) joins N-Power’s existing investors, including the Merck Global Health Innovation Fund (GHI) and a U.S.-based healthcare-focused investor, in providing ongoing funding for N-Power’s goals.

Checkbook To Buy Digital Payment Company sureti

By Amit Chowdhry ● Jan 13, 2025

Digital payment company Checkbook announced the acquisition of sureti, a digital payment solution dedicated to transforming the distribution of insurance claim proceeds. This strategic deal positions Checkbook at the forefront of the insurance-tech revolution, delivering faster, more innovative, and more secure payment solutions for insurance companies and their customers.

Constellation To Buy Calpine In $26.6 Billion Deal

By Amit Chowdhry ● Jan 13, 2025

Constellation and Calpine announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, which is composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of roughly $12.7 billion of Calpine net debt. And after accounting for money that is expected to be generated by Calpine between signing and the scheduled closing date, as well as the value of tax attributes at Calpine, the net purchase price is $26.6 billion, reflecting an attractive acquisition multiple of 7.9 times 2026 EV/EBITDA.

Float Financial: C$70 Million (Series B) Raised For Building Business Solutions

By Amit Chowdhry ● Jan 13, 2025

Float Financial, a business finance platform for Canadian businesses, has signed a C$70 million Series B financing round, bringing its total funds raised in the last year to $120 million. The funding round was led by Growth Equity at Goldman Sachs Alternatives, with participation from OMERS Ventures, FJ Labs, Teralys, and existing investor Garage Capital.

hc1: $6.25 Million Raised To Transform Lab Data Into Actionable Intelligence

By Amit Chowdhry ● Jan 13, 2025

hc1, a leader in transforming lab data into actionable intelligence that improves patient health outcomes while boosting the bottom line, announced it raised $6.25 million in new financing after a successful acquisition in October 2024 of Accumen. Existing investor Health Cloud Capital led the investment with participation from health tech investment firm A1 Health Ventures. And Arsenal Capital Partners joined the investor base in the combined platform via its ownership stake in Accumen.

ThreatMark: $23 Million Raised To Fight Online Fraud

By Amit Chowdhry ● Jan 13, 2025

ThreatMark, a leading innovator in behavior-based fraud prevention, announced it has closed a $23 million funding round. The funding round includes $15 million from Octopus Ventures and Riverside Acceleration Capital (RAC), a US-based growth capital partner to B2B software companies, and an $8 million convertible note from Springtide Ventures Fund.

Raspberry AI: Fashion-Focused GenAI Company Raises $24 Million (Series A)

By Amit Chowdhry ● Jan 13, 2025

Raspberry AI, a leading generative AI platform for fashion creatives, announced it secured $24 million in Series A funding led by Andreessen Horowitz (a16z). Existing investors Greycroft, Correlation Ventures, and MVP Ventures participated in the round, along with notable angel investors such as Gokul Rajaram and Ken Pilot.

BBT.live: Secure Connectivity Company Raises $11.5 Million (Seed)

By Amit Chowdhry ● Jan 13, 2025

BBT.live, an innovator in secure connectivity over public infrastructure, announced the expansion of its seed funding round to $11.5 million, driven by an additional $2 million investment. Accel Solutions Group led the funding round.

Kerna Labs: Seed Funding Raised To Develop Novel RNA-Based Medicines

By Amit Chowdhry ● Jan 13, 2025

Kerna Laboratories - a San Francisco-based AI biotech startup - announced it emerged from stealth with the launch of an AI platform for developing novel RNA-based medicines. Kerna Labs has recently closed an oversubscribed seed funding round, with investors including Gradient, Humba Ventures, Tau Ventures, Pioneer Fund, Focalpoint Partners, and prominent angels including Patrick Hsu (Arc Institute) and Jacob Kimmel (NewLimit).

Airspan: $42.7 Million NTIA Grant Received For Advancing Open RAN Technology Development

By Amit Chowdhry ● Jan 13, 2025

Airspan Networks - a US-based leader in wireless innovation and development - announced it has been awarded $42,729,740 from the Public Wireless Supply Chain Innovation Fund. And this award, provided by the National Telecommunications and Information Administration (NTIA), reinforces Airspan's commitment to driving U.S. leadership in next-generation wireless technologies.