Archives

Anetac: Identity And Security Platform Company Secures $16 Million

By Amit Chowdhry ● May 7, 2024

Anetac, a company that protects companies from blind spots of service accounts in hybrid environments, announced its emergence from stealth mode and $16 million in funding. This latest round of funding was led by Liberty Global, and additional funding was provided by Shield Capital and The General Partnership, along with Anetac CEO Tim Eades and cybersecurity expert Jason Witty.

Nanochon: Orthopedic Device Biotech Company Secures $4 Million

By Amit Chowdhry ● May 7, 2024

Nanochon, a Washington, DC-based orthopedic device biotech company, announced it has raised $4 million in its series seed prime fundraising round. The funding round was led by The University of Virginia Licensing and Ventures Group Seed Fund, with participation from Cultivate (MD), Alumni Venture Group, Mountain State Capital, and others.

CVC Credit: Cordatus XXXI Closed At Over €440 Million

By Amit Chowdhry ● May 7, 2024

CVC Credit, CVC Capital Partners' €40 billion global credit management business, announced it has successfully closed Cordatus XXXI, its fourth new Collateralized Loan Obligation (CLO) of the year, worth over €440 million.

Investec Names Michael Miller As Head Of Private Credit Management In Direct Lending Expansion

By Amit Chowdhry ● May 7, 2024

Investec Bank plc announced the expansion of its Direct Lending platform by hiring Michael Miller to lead and grow its newly established Private Credit Management (PCM) team. Investec Direct Lending is a European private credit manager offering institutional investors, family offices, and UHNW Individuals exclusive access to higher growth lower mid-market borrowers. The creation of the PCM team also marks the next stage in the evolution of Investec’s proposition to private debt borrowers.

ALLETE To Go Private In $6.2 Billion Deal

By Amit Chowdhry ● May 7, 2024

ALLETE - a leading energy company and provider of safe, reliable, and competitively priced energy with a national footprint - and a partnership led by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) announced that they have entered into a definitive agreement under which the partnership will acquire ALLETE for $67 per share in cash, or $6.2 billion including the assumption of debt.

Oasis: $35 Million Raised To Automate Non-Human Identity Security

By Amit Chowdhry ● May 7, 2024

Oasis Security, a leading provider of non-human identity management (NHIM) solutions, announced that it has raised a Series A Extension of $35 million just three months after emerging from stealth. The funding round was co-led by existing investors Accel, Cyberstarts, and Sequoia Capital, doubling the company’s Series A valuation. To date, Oasis has raised a total of $75 million.

FusionIQ Launches FIQ Freedom, Enabling Breakaway Advisors To Transition To Independence

By Amit Chowdhry ● May 7, 2024

FusionIQ, a leader in delivering cloud-based wealth management solutions with an all-in-one digital platform for financial advisors and institutions, announced the launch of FIQ Freedom, the latest addition to its suite of innovative products on the FusionIQ One platform.

SES Buying Intelsat In A $3.1 Billion Deal

By Amit Chowdhry ● May 7, 2024

SES S.A. and Intelsat S.A. announced an agreement for SES to buy Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of $3.1 billion (€2.8 billion) and certain contingent value rights.

Shutterstock Buying Envato In $245 Million Deal

By Amit Chowdhry ● May 7, 2024

Shutterstock, a leading global creative platform that offers creative content for transformative brands, digital media and marketing companies, announced that it entered into a definitive agreement to acquire Envato Pty Ltd., a leader in digital creative assets and templates. Envato's flagship product Elements is an innovative subscription offering unlimited downloads of various assets, templates, etc.

MAI Capital Management Brings In $312 Million Harbor Wealth Management Team

By Amit Chowdhry ● May 7, 2024

MAI Capital Management, a registered investment adviser (RIA) specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced the acquisition of Harbor Wealth Management. The terms of the transaction were not disclosed.

Kelly Buying Specialty Talent Company Motion Recruitment Partners In $425 Million Deal

By Amit Chowdhry ● May 7, 2024

Global specialty talent solutions provider Kelly announced it has entered into a definitive agreement to buy Motion Recruitment Partners (MRP) from Littlejohn & Co., a private investment firm based out of Greenwich, Connecticut.