Archives

GTCR To Buy Wealth Management Tech Platform AssetMark For $2.7 Billion

By Amit Chowdhry ● Apr 27, 2024

AssetMark Financial Holdings (a leading wealth management technology platform for financial advisors) announced that it has signed a definitive agreement to be acquired by GTCR (a leading private equity firm with expertise in financial technology, wealth, and asset management). AssetMark stockholders will receive $35.25 per share in cash, representing a total equity valuation of about $2.7 billion. Under the terms of the deal, GTCR will buy a 100% interest in the company.

Thoma Bravo Acquiring Darktrace For $5.315 Billion

By Amit Chowdhry ● Apr 27, 2024

Thoma Bravo announced it had reached an agreement with the Board of Directors at Darktrace, a global leader in cybersecurity artificial intelligence (AI), to acquire the entire issued and to be issued ordinary share capital of Darktrace in cash.

Baker McKenzie: Leading Transactional Team Joining Firm In LA

By Amit Chowdhry ● Apr 27, 2024

Global law firm Baker McKenzie announced that a leading transactional team will join the firm in Los Angeles, enhancing its M&A, private equity, funds, finance, and transactional tax capabilities. This group includes corporate and tax partners Jennifer Broder, Kimberly Chi, David Goldman, Michael Greaney, Tyler Hilton, Judith Kitano, Kelly Kriebs, David Lee, Brett Rodda, Matthew Schonholz, and Nikole Zoumberakis and a group of associates from Munger, Tolles & Olson (MTO).

Fairfield University Dolan School Of Business Reveals StartUp Showcase Winning Teams

By Amit Chowdhry ● Apr 26, 2024

Five student teams were selected for this year’s annual Fairfield StartUp Showcase earlier this week at the Regina A. Quick Center for the Arts. Doors open at 6:30 p.m., and the Showcase starts at 7 p.m.

NVIDIA Buying Run:ai To Make AI Computing Resources More Efficient

By Amit Chowdhry ● Apr 26, 2024

NVIDIA announced it is buying Run:ai to help customers use AI computing resources more efficiently. Run:ai is a Kubernetes-based workload management and orchestration software provider.

IBM To Buy Hashicorp In $6.4 Billion Deal

By Amit Chowdhry ● Apr 26, 2024

IBM and HashiCorp (a leading multi-cloud infrastructure automation company) announced they have entered into a definitive agreement under which IBM will buy HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

Midi Health: Virtual Care Clinic For Women Raises $60 Million

By Amit Chowdhry ● Apr 26, 2024

Midi Health, a rapidly growing virtual care clinic for women navigating perimenopause and menopause, announced the closing of a $60 million Series B funding round led by Emerson Collective, bringing the company’s total funding raised to date to $100 million.

Peer Software: A Rapidly Growing Company That Enhances Data Protection And Simplifies File Management

By Amit Chowdhry ● Apr 26, 2024

Peer Software develops data storage solutions that address the unique challenges related to data migration, backup, replication, and collaboration in a WAN environment. Pulse 2.0 interviewed Peer Software CEO Jimmy Tam to learn more about the company.

Infinite Reality Acquiring The Drone Racing League For $250 Million

By Amit Chowdhry ● Apr 26, 2024

Infinite Reality (iR), a leading global provider of virtual and AI-powered immersive experiences, announced it signed a definitive agreement to acquire the Drone Racing League (DRL). This $250 million acquisition supports Infinite Reality's capabilities and IP and boosts its valuation to $3.5 billion.

Nanostics: Funding Raised From The University Of Alberta Innovation Fund

By Amit Chowdhry ● Apr 26, 2024

Nanostics, a precision health company developing diagnostic tests with its ClarityDX platform technology, announced that it received an investment from the University of Alberta Innovation Fund (UAIF) to help drive the adoption of Nanostics' ClarityDX Prostate test in North America.

Xaira Therapeutics: Over $1 Billion Raised To Transform Drug Discovery And Development Processes

By Amit Chowdhry ● Apr 26, 2024

Xaira Therapeutics has launched with a mission to help re-engineer the way we discover and develop medicines through the end-to-end application of emerging AI technologies. A joint incubation by ARCH Venture Partners and Foresite Labs, Xaira launched with over $1 billion of committed capital from lead investors ARCH Venture Partners and Foresite Capital, joined by F-Prime, NEA, Sequoia Capital, Lux Capital, Lightspeed Venture Partners, Menlo Ventures, Two Sigma Ventures, the Parker Institute for Cancer Immunotherapy (PICI), Byers Capital, Rsquared, and SV Angel, and others.

IANS Research: Strategic Investment Raised From The Apax Digital Funds

By Amit Chowdhry ● Apr 26, 2024

IANS Research, a provider of independent research and advisory services for the information security industry, has announced a new strategic funding round from the Apax Digital Fund II (the Apax Digital Funds).

CorriXR: How This Company Is Using CRISPR/Cas Gene Editing To Develop New Medicines

By Amit Chowdhry ● Apr 26, 2024

CorriXR Therapeutics is on the clinical frontier of gene editing as a transformative pre-clinical stage biotechnology company with a ground-breaking in vivo gene-editing therapeutic platform technology. Pulse 2.0 interviewed CorriXR Therapeutics CEO Deborah Moorad to learn more about the company.

Prime Intellect: Open And Decentralized AI Platform Company Raises $5.5 Million

By Amit Chowdhry ● Apr 26, 2024

Prime Intellect, an open and decentralized AI platform and protocol democratizing access to computing and intelligence, announced a $5.5 million seed funding round co-led by Distributed Global and CoinFund with participation from Compound, Collab+Currency, and Filecoin Creator Juan Benet with Protocol Labs, and renowned angel investors including Hugging Face CEO Clem Delangue.

Ritholtz Wealth Management Pushes For Expansion With New Manhattan Beach Office

By Amit Chowdhry ● Apr 26, 2024

Ritholtz Wealth Management (RWM), a national RIA overseeing over $4 billion in assets for high-net-worth clients and institutions, announced opening a new office in the Manhattan Beach neighborhood of Los Angeles, California. Building on the recent opening of the firm’s Charlotte, North Carolina office, this expansion highlights the appeal of RWM’s sophisticated yet straightforward approach to financial planning and asset management.

LPL Brings In $800+ Million Heritage Private Wealth Team

By Amit Chowdhry ● Apr 26, 2024

LPL Financial announced that financial advisor Clayton Ortloff has launched a new independent practice called Heritage Private Wealth through affiliation with LPL Financial’s supported independence model LPL Strategic Wealth Services. And he reported having served about $800 million in advisory, brokerage and retirement plan assets and joins LPL from Merrill Lynch.

LiveMode: Strategic Minority Investment Raised From General Atlantic And XP

By Amit Chowdhry ● Apr 26, 2024

Prophet Security: $11 Million Closed To Transform Security Operations

By Amit Chowdhry ● Apr 26, 2024

Prophet Security announced it emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors.

Wilmington Trust Reveals Global Capital Markets Team Additions

By Amit Chowdhry ● Apr 25, 2024

Wilmington Trust, a leader in corporate and institutional trust services, announced changes to its Global Capital Markets (GCM) leadership team. Susie Aliker will be welcomed as head of GCM Europe, and Alan Geraghty will be named head of GCM Global Product Management.

Epiris: Mike Ebeling Joins Senior Investment Team

By Amit Chowdhry ● Apr 25, 2024

Epiris has announced the appointment of Mike Ebeling as a partner on its investment team. Ebeling will join the firm’s executive and investment committees and work with Epiris’ investment team to deploy Epiris Fund III, which held its final close in February with total commitments of £1.044 billion. The fund's target was £850 million and oversubscribed at its hard cap.

Jolt Capital Names Zineb Semlali As Director of Investor Relations

By Amit Chowdhry ● Apr 25, 2024

Jolt Capital, a leading private equity firm specializing in European growth tech companies, announced the appointment of Zineb Semlali as Director of Investor Relations. Semlali will report to Chairman and Managing Partner Jean Schmitt and will actively participate in the company's fundraising efforts.

Tigera: Providing Networking And Protection For Containers And Kubernetes In A $7+ Billion Market

By Amit Chowdhry ● Apr 25, 2024

Tigera provides secure networking and comprehensive protection for containers and Kubernetes. Pulse 2.0 interviewed Tigera’s President and CEO, Ratan Tipirneni, to learn more.

Homrich Berg: Andrew Page Named As Head of Corporate Development

By Amit Chowdhry ● Apr 25, 2024

Homrich Berg (HB), a leading Atlanta-based RIA serving families and investors from its offices in the Southeast, announced it is welcoming Andrew Page as Head of Corporate Development. HB launched this new position to add a leader utilizing Page’s dealmaking experience - signaling the $16 billion firm’s continuing focus on growth by acquisition.

Rockefeller Asset Management Brings In 3 Veteran Portfolio Managers

By Amit Chowdhry ● Apr 25, 2024

Rockefeller Asset Management, the asset management arm of Rockefeller Capital Management, announced it has added three high-yield and investment-grade municipal bond professionals, including Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.

Alpha Capital Family Offices: Tom Riley Hired To Lead Portfolio Management

By Amit Chowdhry ● Apr 25, 2024

Alpha Capital Family Offices (ACFO) announced that it has recruited industry veteran Tom Riley, CFA (Chartered Financial Analyst), to join and lead portfolio management at the firm.

Augment: AI Coding Assistance Company Raises $227 Million At $977 Million Valuation

By Amit Chowdhry ● Apr 25, 2024

AI coding assistance startup Augment has emerged from stealth and announced a $227 million Series B funding round at a $977 million post-money valuation with investments from Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital. Including this round of funding, Augment has raised a total of $252 million, including the $25 million Series A funding round led by Sutter Hill Ventures.

PAI Partners Buying Majority Stake In Audiotonix

By Amit Chowdhry ● Apr 25, 2024

Private equity firm PAI Partners and Ardian (a world-leading investment house) has agreed on a deal for Audiotonix, a global leader in the professional audio mixing console and ancillary products market. Upon the deal's completion, PAI will acquire a majority stake and become the largest shareholder in Audiotonix, with Ardian retaining a minority stake alongside management.

Vestar Capital: $1.2 Billion Continuation Vehicle For Circana Closed

By Amit Chowdhry ● Apr 25, 2024

Leading U.S. middle-market private equity firm Vestar Capital Partners announced the closing of a $1.2 billion single-asset continuation vehicle for its stake in Circana, a leading global advisor on the complexity of consumer behavior. Blackstone Strategic Partners and HarbourVest Partners acted as lead investors in the deal.

Betterment Buying Digital Investing Accounts From Goldman Sachs

By Amit Chowdhry ● Apr 25, 2024

Deerpath Capital: 10th CLO Closed At $452.61 Million

By Amit Chowdhry ● Apr 25, 2024

Deerpath Capital Management has announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO this year. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this deal represents the firm's tenth CLO over the past six years. Deerpath Capital is one of the largest customized, cash-flow-based senior debt financing providers to lower-middle market companies across North America.