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BuzzFeed Sells Complex To NTWRK For $108.6 Million: Details

By Amit Chowdhry ● Feb 26, 2024

BuzzFeed recently announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media in a $108.6 million all-cash deal. Along with the $108.6 million purchase price, the company received approximately $5.7 million for using the company’s NY offices and severance- and other employment-related costs.

The Retirement Planning Group Buying Established RIA Dightman Capital Group: Details

By Amit Chowdhry ● Feb 26, 2024

Cetera Holdings - the holding company of Cetera Financial Group, the premier financial advisor Wealth Hub - announced that The Retirement Planning Group (TRPG) has acquired Dightman Capital Group, an RIA based in Overland Park, Kansas. TRPG acquired 100% of the assets of Dightman Capital Group, which is owned and operated by Brian Dightman, CMT. Dightman is now a W-2 advisor at TRPG, providing him with many benefits, including office support, technology, marketing, insurance, and employee benefits as he continues to serve his existing clients.

Datasite Acquires Board Reporting Provider Sherpany: Details

By Amit Chowdhry ● Feb 26, 2024

Datasite - a leading SaaS platform used by enterprises globally to execute complex and strategic projects - has announced that it has acquired Sherpany, a Zurich-based board reporting and meeting management software provider. The terms of the agreement are not being disclosed and the transaction is expected to close in Q1 2024, subject to closing conditions.

Harwood Private Equity Buying Crest Foods: Details

By Amit Chowdhry ● Feb 26, 2024

Brown Gibbons Lang & Company (BGL) has announced the sale of Crest Foods (a leading provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing) to Harwood Private Equity (an investor in lower middle market companies). BGL's Food & Beverage, Debt Capital Markets, and Real Estate teams together served as the exclusive financial advisor to Harwood. The terms of the transaction were not disclosed.

RTL Group Investing Over €200 Million To Expand Fremantle

By Amit Chowdhry ● Feb 26, 2024

Fremantle (RTL Group’s global content production business) has agreed with Oaktree Capital Management to acquire Asacha Media Group. Asacha Media Group is a European production group based in Paris that owns majority stakes in eight production companies in France, Italy, and the UK, focusing on scripted and unscripted content. Under the terms of the deal, Fremantle can acquire the outstanding shareholdings in the eight production companies over the next years.

Sandbrook Capital Committing Up To $460 Million To rPlus Energies

By Amit Chowdhry ● Feb 26, 2024

Five years since being founded, rPlus Energies (a leading private renewable energy developer) announced a platform-level partnership with Sandbrook Capital (a private investment firm dedicated to transforming the world's energy infrastructure). And Sandbrook will invest up to $460 million in the platform alongside continued support from Gardner Group, the founding investor in rPlus and a leading commercial real estate company in the Mountain West.

AlTi Tiedemann Receiving Strategic Investment Of Up To $450 Million

By Amit Chowdhry ● Feb 26, 2024

AlTi Global (a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets) recently announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (CWC).

Meketa Capital Reveals Additional Equity Owners And Board Members

By Amit Chowdhry ● Feb 26, 2024

Meketa Capital - a newly launched subsidiary of Meketa Investment Group focused on delivering private markets investment solutions to financial intermediaries and their clients - recently announced additional equity ownership in the firm and the appointment of several individuals to the firm’s Board.

Rimkus Raises Funding From HGGC

By Amit Chowdhry ● Feb 26, 2024

Rimkus Consulting Group - a worldwide leader in engineering and technical consulting - recently announced that the firm has received a strategic growth investment from HGGC, a leading middle-market investment firm. And existing minority investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction. The financial details of the deal were not disclosed.

MD Anderson Acquiring Inducible Switch Technologies: Details

By Amit Chowdhry ● Feb 26, 2024

The University of Texas MD Anderson Cancer Center announced it has acquired certain assets from Bellicum Pharmaceuticals related to the CaspaCIDe switch platform and the GoCAR platform. The deal also includes clinical-grade stocks of rimiducid, an agent used to trigger the switches.

Vencora Buying CREALOGIX: Details

By Amit Chowdhry ● Feb 26, 2024

VENCORA UK LIMITED announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with a nominal value of CHF 8.00 each. This offer was completed successfully on February 22, 2024. And with a proven track record of providing quality solutions to its customers and a history of successful transactions, the acquisition of CREALOGIX greatly expands Vencora’s presence within the banking technology industry.

Nautic Partners Buying SurfacePrep: Details

By Amit Chowdhry ● Feb 26, 2024

Nautic Partners announced that it has completed the acquisition of SurfacePrep, in partnership with management. Based in Grand Rapids, Michigan, SurfacePrep is a leading national and international distributor of surface enhancement solutions. And the company distributes loose and coated/bonded abrasives, specialty ceramic materials, and powder coating and fluid delivery consumables, as well as related spare parts and equipment.

Wintrust Financial And LPL Financial Sign Strategic Relationship

By Amit Chowdhry ● Feb 26, 2024

LPL Financial and Wintrust Financial announced an agreement to transition support of the wealth management business of Wintrust Investments and certain private client business at Great Lakes Advisors and their approximately 85 advisors and about $16 billion of brokerage and advisory assets to the LPL Institution Services platform.

InsightRX Raising Growth Capital From CIBC Innovation Banking

By Amit Chowdhry ● Feb 26, 2024

CIBC Innovation Banking recently announced that it has provided growth financing to InsightRX, a San Francisco-based software company utilizing quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. And InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants. InsightRX also taps into AI to empower data scientists to analyze clinical trial data, aid in trial design, understand dose-exposure-response relationships, and refine dosing strategies for regulatory submissions.

Havenly Buying The Citizenry: Details

By Amit Chowdhry ● Feb 26, 2024

Havenly - the country's leading interior design service and home furnishings company - announced recently it had reached a definitive agreement to acquire The Citizenry as part of efforts to build a collection of home brands and technologies that appeal to the next generation of shoppers. This acquisition - the third brand acquisition in 24 months for Havenly - indicates the design & furnishings leader's growth trajectory as it expands upon its offerings for the digital first-home consumer.

Why Society Brands Is Buying Clarifion And Cleanomic

By Amit Chowdhry ● Feb 25, 2024

Society Brands - a tech-enabled consumer products company built for and by founders - announced it acquired two Orange County, California-based brands, Clarifion and Cleanomic.

Chord Energy And Enerplus Combining In $11 Billion Deal

By Amit Chowdhry ● Feb 25, 2024

Chord Energy and Enerplus announced they have entered into a definitive arrangement agreement under which Chord will combine with Enerplus in about an $11 billion stock and cash transaction.

Applied Ventures Investing In VVDN Technologies: Details

By Amit Chowdhry ● Feb 25, 2024

Applied Ventures (the venture capital arm of Applied Materials) announced a growth equity investment in VVDN Technologies, one of the leading India-based electronics product design, software, and manufacturing companies. This strategic growth funding from Applied Ventures will enable VVDN to expand the R&D of next-generation semiconductor technologies and electronic products and solutions.

unybrands Raises Series B Funding Round To Scale E-Commerce Businesses

By Amit Chowdhry ● Feb 25, 2024

unybrands, an integrated platform built to scale e-commerce businesses on and off Amazon, recently announced that it closed its largest acquisition to date in an all-cash deal.

Blackbird Health: Neuroscience-Led Youth Mental Health Provider Company Raises $17 Million

By Amit Chowdhry ● Feb 25, 2024

Blackbird Health - a neuroscience-led and technology-backed youth mental health provider - announced it raised $17 million in series A funding. And the funding round was led by Define Ventures and included participation from Frist Cressey Ventures and GreyMatter. Blackbird has raised nearly $23 million to date.

Strata Clean Energy: $559 Million In Financing Secured For 1GWh Battery Energy Storage Project in Arizona

By Amit Chowdhry ● Feb 25, 2024

Strata Clean Energy - a leading developer, owner, and operator of renewable energy projects - announced it has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex. And the 255MW/1,020MWh storage facility broke ground on January 18 and is expected to be operational by April 2025.

Varana Capital Announces First Close Of Chai10x Fund

By Amit Chowdhry ● Feb 25, 2024

Varana Capital - an asset management platform specializing in venture capital, private equity, and public markets - announced the successful first close of its Chai 10x Fund. With over $20 million secured and over $10 million of additional commitments, this marks the largest first closing for emergency Israel funds to date.

CLARA Analytics Raises Funding From Nationwide Ventures

By Amit Chowdhry ● Feb 25, 2024

CLARA Analytics and Nationwide are deepening their current partnership as CLARA received an investment from Nationwide Ventures, the investment arm of the insurance and financial services company. And Nationwide’s investment comes from its $350 million investment fund. CLARA raised $64 million, including its recently announced Series C.

Abridge: Clinical Documentation AI Leader Raises $150 Million

By Amit Chowdhry ● Feb 25, 2024

Abridge - a leader in generative AI for clinical documentation - announced an additional $150 million investment, utilizing momentum from their product’s rapid uptake among health systems nationwide. This funding round comes just fourth months after their $30 million Series B, and is one of the largest funding rounds made to date in generative AI for healthcare.

ARInsights Buying The Wind Communications Agency: Details

By Amit Chowdhry ● Feb 24, 2024

ARInsights - a provider of the market-leading SaaS platform for managing analyst relations (AR) and B2B influencer relations programs - announced the acquisition of The Wind Communications Agency, a premier, full-service analyst relations services firm and consultancy. Through this acquisition, ARInsights expands its ServicePlus AR operational services to now address companies' full spectrum of AR needs.

Orkes: $20 Million Raised To Scale Distributed Systems

By Amit Chowdhry ● Feb 24, 2024

Orkes - a company with a platform that offers the fastest way to scale distributed systems - announced it has raised $20 million in new funding. Nexus Venture Partners led this latest funding round with participation from existing investors Battery Ventures and Vertex Ventures US. And Nexus Managing Director Abhishek Sharma led his firm’s investment and will be joining the board.

Conservation Labs Raises $7.5 Million To Decode Audio Data Into Actionable Insights For Reducing Carbon Emissions

By Amit Chowdhry ● Feb 24, 2024

Conservation Labs - an artificial intelligence (AI) company that developed a groundbreaking platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage - announced that it had raised a $7.5 million Series A funding round. This funding round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.

Insamo Raises $12 Million To Pioneer The Discovery Of Membrane-Permeable And Orally Available Cyclic-Peptides

By Amit Chowdhry ● Feb 24, 2024

Insamo - a biotechnology company pioneering the discovery of membrane-permeable and orally available cyclic peptides - announced $12 million in seed capital from Playground Global, venBio, and MRL Ventures Fund (MRLV). Sahsen Ventures, BEVC, Civilization Ventures, and Axial Ventures also participated in the recent financing.

ArcLight Capital Partners Affiliate Buying Clean Energy Future Lordstown

By Amit Chowdhry ● Feb 24, 2024

An affiliate of ArcLight Capital Partners announced it has entered into a definitive purchase agreement to acquire 100% of the equity ownership interests in Clean Energy Future Lordstown. Lordstown owns and operates a highly efficient 940 MW combined cycle gas-fired power facility based in Warren, Ohio. The financial terms of the private transaction were not disclosed.

Why Zonda Is Buying BDX

By Amit Chowdhry ● Feb 24, 2024

Zonda - a leading provider of data-driven housing market solutions for the home building industry - announced it had acquired Builders Digital Experience (BDX), which includes NewHomeSource.com (the largest new construction home listings platform in the U.S.) and Envision, a leading new home design platform.