Archives

HKW Hires Laurence Lederer And Devraj Roy As Partners

By Amit Chowdhry ● Apr 4, 2024

Middle-market private equity firm HKW has hired Laurence Lederer and Devraj Roy as Partners. Based in HKW’s New York City office, Lederer and Roy will seek to advance HKW’s strategy of prioritizing investments in basic industrial manufacturing, distribution, and business services companies, including IoT/telematic and tech-enabled businesses.

LPL Financial: $250 Million Windward Wealth Advisors Team Joins

By Amit Chowdhry ● Apr 4, 2024

LPL Financial recently announced that financial advisors Erick Simonds, CRC, Eugene Sninski, II, and Lisa Sninski have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. The team reported serving about $250 million in advisory, brokerage, and retirement plan assets and joined LPL from Wells Fargo Advisors.

Avista Capital Partners: Don Casey Joins As Strategic Executive

By Amit Chowdhry ● Apr 4, 2024

Avista Capital Partners, a New York-based private equity firm focused exclusively on healthcare, announced that Don Casey has joined the firm as a Strategic Executive. Casey most recently served as the CEO of Dentsply Sirona, one of the largest manufacturers of professional dental products and technologies.

UBS Brings In Michigan-Based The Bucher Group

By Amit Chowdhry ● Apr 4, 2024

UBS Wealth Management USA recently announced that a three-person team called The Bucher Group has joined the firm in Birmingham, Michigan. This father-son team, led by Financial Advisor Matthew J. Bucher and including Financial Advisor Matthew M. Bucher and Client Service Associate Christina Lynn Propst, focuses on providing tailored investment strategies and comprehensive wealth management advice for high-net-worth individuals and families.

Raymond James Adds $243 Million Financial Advisor

By Amit Chowdhry ● Apr 4, 2024

Raymond James Financial Institutions Division (FID) senior vice president and national director Stephen Kruchten announced that the firm has recently welcomed financial advisor Joseph Martinez to Pinnacle Asset Management (located at Pinnacle Financial Partners, a current FID-affiliated branch).

BCN Visuals: The Story Behind This Rapidly Growing 3D Anamorphic Pioneer

By Amit Chowdhry ● Apr 4, 2024

BCN Visuals is an award-winning innovation technology company and digital studio. Known for pioneering 3D anamorphic billboards and revolutionizing digital out-of-home, we collaborate with brands and agencies who want to leave an indelible mark. Pulse 2.0 interviewed BCN Visuals Chief Creative Officer and partner Davide Bianca to learn more about the company.

Chase Launches New Digital Media Business

By Amit Chowdhry ● Apr 4, 2024

Chase announced it has launched a digital media business called Chase Media Solutions. This service will allow brands to connect with the financial institution’s 80 million customers.

Emerald Bay Risk Solutions Launches With Funding From Bain

By Amit Chowdhry ● Apr 3, 2024

Collaborative underwriting carrier Emerald Bay Risk Solutions announced its formal launch with a significant strategic investment from Bain Capital Insurance, the insurance investing unit of Bain Capital.

Blue Yonder To Buy One Network Enterprises For About $839 Million

By Amit Chowdhry ● Apr 3, 2024

Blue Yonder - a leader in digital supply chain transformations - announced the signing of an agreement to acquire One Network Enterprises for about $839 million, subject to adjustments. One Network is known for its autonomous and resilience services and is a leading global provider of intelligent control towers. Upon the deal's completion, Blue Yonder will be well-positioned to serve customers’ needs across planning, execution, and commerce.

InStride Health: Specialty Pediatric Anxiety And OCD Treatment Company Raises $30 Million

By Amit Chowdhry ● Apr 3, 2024

InStride Health, an outpatient provider of specialty pediatric anxiety and OCD treatment, announced it closed an oversubscribed $30 million Series B funding round. General Catalyst led the funding round and was joined by previous investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation.

One Equity Partners Buying Marine Energy Company Acteon Group

By Amit Chowdhry ● Apr 3, 2024

Orchard Robotics: $3.8 Million Raised To Enable Precision Crop Management With AI And Robots

By Amit Chowdhry ● Apr 3, 2024

Orchard Robotics, a company enabling precision crop management with robots and AI, has raised $3.8 million in a seed round led by General Catalyst and a pre-seed led by Contrary. Humba Ventures, Soma Capital, Correlation Ventures, VU Venture Partners, Ben Taft’s Genius Ventures, angel investors Howard Lerman, Joshua Browder, Rory, Kieran O’Reilly, and many others also joined the round.

Cyvl: AI-Powered Mapping Technology Company Raises $6 Million

By Amit Chowdhry ● Apr 3, 2024

Cyvl.ai, a leader in enterprise AI solutions for transportation infrastructure, announced $6 million of new investments after two years of rapid growth. Companyon Ventures led the funding round, including Argon Ventures, AeroX Ventures, and Alumni Ventures. Cyvl.ai also received support from its existing investors, MassVentures, Launch Capital, RiverPark Ventures,Launchpad Venture Group, and Hub Angels.

Hunter Point Capital Closes $3.3 Billion For Inaugural GP Stakes Fund

By Amit Chowdhry ● Apr 2, 2024

Hunter Point Capital (HPC), an independent investment firm providing capital solutions and strategic support to alternative asset managers, announced the closing of its inaugural GP Stakes fund (HPC Fund I) with $3.3 billion in permanent capital commitments, exceeding its initial $2.5 billion target. And HPC Fund I is the largest-ever debut GP Stakes fund dedicated to private market strategies.

Descartes Buying OCR For About $90 Million

By Amit Chowdhry ● Apr 2, 2024

Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, announced that it acquired Rockville, Maryland-based OCR Services, a leading provider of global trade compliance solutions and content. The deal for OCR was about $90 million, and it was satisfied with cash on hand.

Aeovian Pharmaceuticals: $50 Million Raised To Develop Selective Therapeutics For Restoring Cellular Metabolic Quality Control

By Amit Chowdhry ● Apr 2, 2024

Aeovian Pharmaceuticals - a clinical-stage biopharmaceutical company developing novel and highly selective therapeutics that potently inhibit the mTORC1 pathway - announced that it dosed the first cohort of participants in a Phase 1 clinical trial for its lead development candidate AV078, a first-in-class CNS penetrant selective mTORC1 inhibitor. The company also recently completed a $50 million financing led by Hevolution. Hevolution was joined by existing investors Apollo Health Ventures, Sofinnova Investments, venBio, Evotec, and b2venture.

Terragia: Low-Carbon Biofuel Technology Company Raises $6 Million

By Amit Chowdhry ● Apr 2, 2024

Terragia Biofuel - a company driving the next generation of biofuels - announced it raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP). The company will use this funding to commercialize its novel biology-based approach to converting cellulosic biomass into ethanol and other products, expand its employee headcount, and initiate partnerships with major biofuel producers.

DLA Piper Names Andrew Walker As Partner In Private Equity Practice

By Amit Chowdhry ● Apr 2, 2024

DLA Piper announced it has named Andrew Walker as an Austin-based partner in its Private Equity Practice. Walker’s practice focuses on representing private equity sponsors and their portfolio companies in complex business deals, including M&A, divestitures, creating new business platforms, and serving as outside general counsel.

Dentons Names Kevan Lee Deckelmann As Partner In Corporate Practice

By Amit Chowdhry ● Apr 2, 2024

Dentons announced that Kevan Lee Deckelmann had joined the Portland, Maine, office as a partner in the Corporate practice. Deckelmann has 20 years of experience helping businesses ranging from startups to large established companies as they seek to grow and protect their organizations.

Hive: Distributed Cloud Computing Company Raises €12 Million

By Amit Chowdhry ● Mar 31, 2024

SC Ventures (Standard Chartered's ventures arm) is leading a €12 million (USD $13 million) Series A funding round for distributed cloud provider Hive, which aims to increase businesses' and individuals' access to sustainable and high-powered computing resources. OneRagtime, a French venture capital fund that led Hive's Seed round, and a collection of private investors joined the round.

Vizcom: Industrial Product Visualization Company Secures $20 Million

By Amit Chowdhry ● Mar 31, 2024

Vizcom - a company deploying AI to transform the future of industrial design - announced that it has raised $20 million in Series A funding. This funding round was led by Index Ventures with participation from a renowned roster of angel investors, including Kyle Parrish (VP of Sales at Figma), Steve Mallouf (VP of Sales at Datadog), Daniel Sturman (former CTO of Roblox), and Ayush Sood (Director of Engineering at Figma). With this funding round, Vizcom will continue aggressively investing in technology development and hiring a solid team.

Sprocket Security: Continuous Penetration Testing Company Raises $8 Million

By Amit Chowdhry ● Mar 31, 2024

Sprocket Security, an offensive security platform with an industry-leading continuous pentesting solution, announced its $8 million Series A financing. Led by Blueprint Equity, with participation from Wisconsin-based Capital Midwest Fund, the funding will accelerate Sprocket's platform development, fuel customer success, and expand sales and marketing initiatives.

Battery Ventures Strategically Invests In Safety Systems Company AdaCore

By Amit Chowdhry ● Mar 31, 2024

Battery Ventures announced a significant investment in AdaCore, a leader in providing software development tools for safety and security-critical systems. This strategic deal will accelerate AdaCore's expansion and position the company as a go-to source for software development tooling.

Solace Capital Partners Invests In Siprocal

By Amit Chowdhry ● Mar 31, 2024

Solace Capital Partners, a leading private equity firm focused on providing creative capital solutions for middle-market companies, announced an investment in Siprocal.

Hildred Capital: Multi-Asset Continuation Fund Closed With Commitments Of Over $750 Million

By Amit Chowdhry ● Mar 30, 2024

Hildred Capital - a healthcare-focused private equity firm that partners with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners and a leading group of limited partners. Lexington is one of the world’s largest managers of secondary private equity and co-investment funds.

Overplay: User-Generated Games Platform Raises Funding From Mark Cuban

By Amit Chowdhry ● Mar 30, 2024

Wealth Enhancement Brings In $226 Million Piermont Wealth Management Team

By Amit Chowdhry ● Mar 30, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $79 billion in client assets, announced the acquisition of Piermont Wealth Management, an independent RIA based in Boca Raton, Florida and Melville, New York. This team manages over $226 million in client assets and is led by the firm's Chief Executive Officer, Philip J. Capell.

WM Partners Reveals Investment Team Promotions

By Amit Chowdhry ● Mar 30, 2024

WM Partners, LP, a diverse-owned private equity firm certified by the National Association of Investment Companies, is focused on investing in lower-middle-market companies and driving value creation in the health and wellness sector. Today, it announced the promotions of several members of its investment team: Eli Minski to Principal, Jonathan Tarich to Senior Vice President, and Leon Lacs to Senior Associate.

Child Care Platform Company Wonderschool Buying EarlyDay

By Amit Chowdhry ● Mar 30, 2024

Child care platform companyWonderschool announced the acquisition of EarlyDay, a VC-backed early childhood career marketplace, to help early educators address the staffing challenges and reduce administrative burnout in child care.

Zafran: Risk And Mitigation Leader Raises Over $30 Million

By Amit Chowdhry ● Mar 29, 2024

Risk and mitigation leader company Zafran announced that it raised over $30 million in funding. Sequoia Capital and Cyberstarts led the funding, with Cerca Partners and Penny Jar participating.