Archives

Gaming And Leisure Properties Buys Real Estate Assets Of Tioga Downs Casino Resort For $175 Million

By Annie Baker ● Feb 7, 2024

Gaming and Leisure Properties announced that it acquired the real estate assets of Tioga Downs Casino Resort in Nichols, NY from American Racing & Entertainment for $175 million. Simultaneous with the deal, GLPI and American Racing entered into a triple-net master lease agreement for an initial 30-year term.

Security Compass Buys Kontra From ThriveDX: Details

By Dan Anderson ● Feb 7, 2024

Security Compass has announced the acquisition of application security training software provider Kontra from ThriveDX, the global leader in cyber training and talent development. And this acquisition marks a pivotal step forward in Security Compass’s ongoing mission to empower businesses with application security solutions centered on a Security by Design approach.

GAGE: Employee Recognition Enterprise Platform Company Raises Seed Funding

By Noah Long ● Feb 7, 2024

GAGE announced that it secured seed funding from Eagle Venture Fund and a group of angel investors. GAGE is a platform and mobile app designed to “Build a Better Workforce” with a new approach to employee engagement, recognition, and performance management.

Device Authority: Identity And Access Management Company Secures $7 Million

By Annie Baker ● Feb 7, 2024

Device Authority - a global leader in Identity and Access Management for Enterprise IoT ecosystems - announced $7 million in Series A funding from Ten Eleven Ventures. This investment follows Device Authority’s launch of the company’s new KeyScaler AI solution.

CSW Industrials Deploys Over $30 Million To Execute Acquisition Strategy

By Noah Long ● Feb 7, 2024

CSW Industrials announced the strategic deployment of $30.3 million, excluding future earn-outs, upon completing the acquisitions of Dust Free, LP, Guardian Drain Lock, and Sure Grade Drain.

Wellplaece: Helping Dental Practices Maximize Efficiency And Productivity

By Amit Chowdhry ● Feb 7, 2024

Wellplaece is a new and smarter way for dental service organizations (DSOs), groups, and single practices to procure and purchase supplies. Wellplaece drives impactful cost savings and requires little or no change management to use. Pulse 2.0 interviewed Wellplaece COO Garrett Goldberg to learn more about the company.

3 Boomerang Capital Closes Flagship PE Fund At Over $375 Million

By Amit Chowdhry ● Feb 7, 2024

3 Boomerang Capital (3BC) - a lower middle-market healthcare-focused private equity firm - announced that it has completed fundraising for its flagship private equity fund, 3 Boomerang Capital I, LP.

California Resources Buying Aera In A $2.1 Billion Deal: Details

By Noah Long ● Feb 7, 2024

California Resources (CRC) announced today it would buy Aera Energy in a deal valuing the company at $2.1 billion. This deal would enable the combined companies to double their production.

Aztec Software Acquires Financial Fitness Group: Details

By Annie Baker ● Feb 7, 2024

Aztec Software (an educational software company focused on helping adults make generational change through academic upskilling, workforce, and job-specific certification preparation, and wealth management and financial literacy programming) announced that it has acquired Financial Fitness Group (FFG), a provider of industry-leading interactive financial wellness solutions.

Rain: Financial Wellness Platform Raises $300 Million From Clear Haven Capital Management

By Amit Chowdhry ● Feb 7, 2024

Rain - a financial wellness platform that helps companies give employees greater control over their finances - announced it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding round, Rain now has more capital to service its growing customer base, allowing it to provide employees with an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.

IONIX: Attack Surface Management Company Raises $42 Million

By Amit Chowdhry ● Feb 7, 2024

IONIX - a leader in Attack Surface Management (ASM) - announced it has completed its $42 million A Round funding by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures, Team8 and U.S. Venture Partners (USVP). The total funding to date is $50.3 million. In addition, cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors.

Why Lockmasters Is Buying JLM Wholesale

By Annie Baker ● Feb 7, 2024

Lockmasters (a portfolio company of Dominus Capital, L.P.) announced it acquired JLM Wholesale. JLM is a leading specialty wholesale distributor of commercial door hardware and security solutions.

PineBridge’s Private Credit Team Closes $1.7 Billion Of Capital

By Amit Chowdhry ● Feb 7, 2024

PineBridge Investments - a private global asset manager focused on active and high-conviction investing - announced the final close of PineBridge Private Credit III as of 30 January 2024 as part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the Private Credit team raised $1.7 billion of capital in Fund III, above its target size of $1 billion. This latest closing brings the total Private Credit platform to $5 billion.

GigaStar: $3 Million Raised To Help YouTube Creators Raise Capital

By Dan Anderson ● Feb 7, 2024

GigaStar - a startup that fuels human creativity - announced the completion of an additional $3 million investment round. GigaStar provides YouTube Creators with a streamlined way to raise capital by monetizing potential future revenue.

finally: AI-Based Accounting And Finance Platform Company Raises $10 Million

By Annie Baker ● Feb 7, 2024

finally - a fintech startup helping businesses automate their accounting and finance functions - announced it raised $10 million in new capital to continue hiring and expand its suite of solutions to SMBs. PeakSpan Capital led the funding round with participation from Active Capital.

nference Signs Multi-Year Licensing Deal With The Bill & Melinda Gates Foundation

By Amit Chowdhry ● Feb 7, 2024

nference (a company dedicated to transforming healthcare by making biomedical data computable) announced a multi-year licensing agreement with the Bill & Melinda Gates Foundation. This collaboration provides the Gates Foundation access to nference's nSights platform, where researchers can access a repository of extensive clinical data and expertise from top-ranked medical institutions.

ONE Store Raises $10 Million From Digital Turbine

By Annie Baker ● Feb 7, 2024

Korean app market ONE Store - a provider of mobile content including games, apps, and multimedia content - announced that it has secured an investment often million dollars from Digital Turbine, the global leader in growth solutions for the mobile ecosystem, bringing Digital Turbine’s innovative SingleTap technology to over 40+ million ONE Store users inSouth Korea, and joining forces in bringing ONE Store’s app marketplace to key markets overseas.

Immunome To Buy AL102 From Ayala Pharmaceuticals, A Phase 3 Asset For Treating Desmoid Tumors

By Noah Long ● Feb 7, 2024

Immunome - a biotechnology company dedicated to developing first-in-class and best-in-class targeted cancer therapies - announced that it entered into a definitive asset purchase agreement with Ayala Pharmaceuticals (a clinical-stage oncology company) to acquire AL102 and related drug candidate AL101 from Ayala.

Why Lakeland Industries Is Buying Jolly Scarpe Footwear

By Annie Baker ● Feb 7, 2024

Lakeland Industries (a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels) announced the acquisition of Italy and Romania-based Jolly Scarpe S.p.A. and Jolly Scarpe Romania S.R.L. in an all-cash transaction valued at approximately $9.3 million subject to post-closing adjustments and customary holdback provisions.

Braemont Capital Buying Loenbro From Tailwind: Details

By Dan Anderson ● Feb 7, 2024

Braemont Capital (a relationship-driven investment firm that partners with exceptional companies at growth inflection points) announced that it had acquired Loenbro (a provider of highly technical and specialized services to the data center, infrastructure, and diversified industrial markets) from Tailwind Capital. The financial terms were not disclosed.

NinjaOne: Endpoint Management IT Platform Company Raises $231.5 Million At $1.9 Billion Valuation

By Amit Chowdhry ● Feb 7, 2024

NinjaOne (a leading IT platform for endpoint management, security, and visibility) announced it raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog, among others, also invested in the round.

Why Novartis Is Buying MorphoSys For $2.9 Billion

By Annie Baker ● Feb 7, 2024

Novartis announced this week that it has agreed to make a voluntary public takeover offer to acquire MorphoSys AG, a Germany-based, global biopharmaceutical company developing innovative medicines in oncology.

Synthetaic: Advance AI Solutions Provider Raises $15 Million

By Amit Chowdhry ● Feb 6, 2024

Synthetaic - a leading provider of advanced AI solutions - announced it raised $15 million in Series B funding from new and existing investors. The funding round was co-led by Lupa Systems and TitletownTech, with participation from IBM Ventures and Booz Allen Hamilton.

Why Somafina Is Buying UST Corporation

By Annie Baker ● Feb 6, 2024

Heartwood Partners announced that its portfolio company Somafina has acquired UST Corporation, a contract manufacturer of vitamins, minerals, and supplements based in Layton, Utah. UST provides an end-to-end solution for its customers, ranging from formulation and product development to production and packaging.

Why DaySmart Is Buying Time To Pet

By Amit Chowdhry ● Feb 6, 2024

DaySmart Software (a leading provider of vertically focused business management software) announced the acquisition of Time To Pet (a leading provider of pet care software). This acquisition brings pet sitting and dog walking capabilities to existing DaySmart Pet customers and augments the company’s pet grooming and daycare offerings.

Screendragon Raises $27 Million From Kennet Partners And Federated Hermes Private Equity

By Amit Chowdhry ● Feb 6, 2024

Screendragon Ltd. (a technology leader in SaaS-based workflow automation) announced that Kennet Partners and Federated Hermes Private Equity have invested $27 million in the software company to drive the continued expansion of the business.

CrowdStrike And AWS Pick 22 Startups For AWS & CrowdStrike Cybersecurity Accelerator

By Amit Chowdhry ● Feb 6, 2024

CrowdStrike announced the 22 companies selected for the inaugural Amazon Web Services (AWS) & CrowdStrike Cybersecurity Startup Accelerator for Europe, Middle East, and Africa (EMEA) based startups. Selected from hundreds of applicants, the cohort will receive customized mentorship, technical expertise, and partnership opportunities from the AWS Startup Loft Accelerator (SLA) program, with a potential to receive funding from CrowdStrike’s strategic investment vehicle, CrowdStrike Falcon Fund.

Recurrent Energy: $160 Million In Project Financing Closed And Microsoft Secured As Customer

By Amit Chowdhry ● Feb 6, 2024

Recurrent Energy (a subsidiary of Canadian Solar) and a global developer and owner of solar and energy storage assets) announced that it has secured $160 million in project financing for its 127 MWdc Bayou Galion Solar project, located in Morehouse Parish in Northeast Louisiana. This project is currently under construction and is expected to be operational by fall 2024.

Why DNOW Is Buying Whitco Supply

By Annie Baker ● Feb 6, 2024

DNOW has agreed to acquire Whitco Supply, LLC in an all-cash transaction, subject to regulatory approvals and other customary closing conditions.

Spearmint Energy: $47.5 Million Project Finance Term Loan Raised From Manulife

By Amit Chowdhry ● Feb 6, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced it has successfully closed a $47.5 million project finance term loan from Manulife, a global financial services provider. This term loan will support the commercial operation of Revolution, Spearmint’s 150 MW, 300 MWh battery energy storage system (BESS) project located in West Texas’ ERCOT power market.