Archives

Soundcore Capital Partners Names Brian Pfeifer As President Of Door & Dock Holdings

By Amit Chowdhry ● Mar 5, 2024

Soundcore Capital Partners, LP—a New York-based private equity firm specializing in buy-and-build investments in the lower middle market—announced the appointment of Brian Pfeifer as President of Door & Dock Holdings, LLC (D&D). These are the details.

Z Capital Credit Partners Closes $331.3 Million BSL CLO

By Amit Chowdhry ● Mar 5, 2024

Z Capital Credit Partners, L.L.C. (ZCCP) - the credit fund management platform of Z Capital Group, L.L.C. (ZCG) - announced the closing of a $331.3 million collateralized loan obligation (CLO) managed by its affiliate, Z Capital CLO Management, L.L.C. This is the fifth CLO issuance for ZCCP.

Textdrip: The Story Behind This Rapidly Growing Business Text Messaging Solutions Company

By Amit Chowdhry ● Mar 5, 2024

Textdrip is a business texting platform for e-commerce and retail, hotel and hospitality, insurance, real estate, and healthcare. Pulse 2.0 interviewed Textdrip founder and CEO Philip Portman to learn more about the company.

GW & Wade ($10.4 Billion AUM) Merging With Colony ($21.1 Billion AUM)

By Amit Chowdhry ● Mar 4, 2024

Focus Financial Partners - a leading partnership of independent, fiduciary wealth management firms - announced that it has entered into a definitive agreement under which GW & Wade, headquartered in Wellesley, Massachusetts, will formally join fellow Focus partner firm The Colony Group. This deal is expected to close in Q1 2024, subject to customary closing conditions.

Dechert Names Brian Miner As Partner In Corporate And Securities Practice Group

By Amit Chowdhry ● Mar 4, 2024

Dechert LLP announced the addition of Brian Miner as a partner in its corporate and securities practice group, further driving the firm's capabilities in middle market private equity and M&A. Miner will be based in its New York office.

Bluepeak Raises Strategic Investment From Ares Management

By Amit Chowdhry ● Mar 4, 2024

Bluepeak - a leading provider of fiber broadband to residential and commercial customers in communities across the Great Plains region - announced that funds managed by Ares Management's Infrastructure Opportunities and Alternative Credit strategies have made a strategic investment into Bluepeak.

Accelo Raises Funding From Bow River

By Amit Chowdhry ● Mar 4, 2024

Bow River Capital - a Denver-based alternative asset manager, announced today that its Software Growth Equity (SGE) Team - was selected by Accelo to partner in its next phase of scale, software, and AI innovation.

Momentous Reveals Minority Stake By Humble Growth

By Amit Chowdhry ● Mar 4, 2024

Momentous - a leading human performance company that focuses on supplementation and nutrition - announced the acquisition of a significant minority stake by Humble Growth, which is an investment firm dedicated to propelling growth and value creation for disruptive companies that are changing the ways consumers eat, drink, feel, and live. And co-founders Jeff Byers and Erica Good will continue to lead Momentous together as CEO and President, respectively.

Why Toney Healthcare Is Buying Rebellis Group

By Amit Chowdhry ● Mar 4, 2024

Toney Healthcare - a clinically-oriented consultancy and provider of utilization management, care management, and quality improvement services to health plans nationwide - announced it has acquired Rebellis Group. The terms of the transaction were not disclosed.

Willkie Expands Private Equity Practice In Germany

By Amit Chowdhry ● Mar 4, 2024

Willkie Farr & Gallagher LLP announced that private equity attorney Dr. Nils Röver had joined the firm on March 1 as a partner in Germany. And his addition continues Willkie’s steady growth strategy in Germany over the past four years.

Why Adenia Partners Is Buying The Courier Guy

By Amit Chowdhry ● Mar 4, 2024

Adenia Partners - a leading private equity firm focused on growth opportunities in Africa - announced it has acquired 100% of The Courier Guy, which is a leader in last-mile delivery and express parcel (CEP) services in South Africa, along with co-investors DEG, Proparco, and South Suez. And this acquisition - made through Adenia Capital (V) LP - marks the second investment of Adenia’s fifth flagship fund, Adenia V, and demonstrates the firm’s commitment to the fast-evolving last-mile delivery landscape in South Africa. The financial terms of the transaction were not disclosed.

Kenai Therapeutics: $82 Million Raised To Develop Platform Of Allogeneic Neuron Replacement Cell Therapies For Neurological Disorders

By Amit Chowdhry ● Mar 4, 2024

Kenai Therapeutics - a biotechnology company utilizing induced pluripotent stem cell (iPSC) technology to discover and develop a platform of allogeneic neuron replacement cell therapies for neurological disorders - announced an $82 million Series A financing co-led by Alaska Permanent Fund Corporation, Cure Ventures, and The Column Group, with participation from Euclidean Capital and Saisei Ventures.

LPL Financial Brings In $515 Million Endeavor Wealth Strategies Team

By Amit Chowdhry ● Mar 4, 2024

LPL Financial announced that financial advisor Seth Marshall and the team at Endeavor Wealth Strategies have joined LPL Financial’s broker-dealer, RIA, and custodial platforms - aligned with Exemplar Financial Network. And the Endeavor team reported serving about $515 million in advisory assets and joins LPL from PNC Private Bank Trust.

Insurcomm Secures Growth Equity Investment From Summit Partners

By Amit Chowdhry ● Mar 4, 2024

Insurcomm - a rapidly growing commercial and residential restoration service provider - announced a majority growth investment from Summit Partners. And Summit’s investment will support Insurcomm’s national expansion strategy as it continues its mission to deliver the highest quality service to commercial clients, residential customers, and municipalities navigating property loss events.

Why Leeds Equity Partners Is Buying TouchMath

By Amit Chowdhry ● Mar 4, 2024

Leeds Equity Partners recently announced that it has acquired TouchMath, a mission-driven organization focused on serving students with learning disabilities and those struggling with math concepts. The terms of the deal were not disclosed.

Bench IQ: AI-Powered Legal Tech Company Raises $2.1 Million

By Amit Chowdhry ● Mar 4, 2024

Bench IQ - a groundbreaking AI-powered legal technology company - is transforming the landscape of legal research by offering unparalleled insights into judges' rulings. And the company recently announced the successful closure of a $2.1 million pre-seed funding round.

Relish: $10 Million Raised To Optimize Procurement Systems And Processes

By Amit Chowdhry ● Mar 4, 2024

Relish - a leading provider of solutions for businesses to optimize procurement systems and processes - announced it closed a $10 million Series A funding round from Boston-based growth equity firm Volition Capital. Since being founded in 2020, the company rapidly established itself as a dominant solution provider that enables customers to optimize and maximize the value of their existing procurement software investments like SAP, Coupa, and Workday.

Why WebMD Is Buying Healthwise

By Amit Chowdhry ● Mar 4, 2024

WebMD Health (an Internet Brands company and a leader in health information services for consumers, physicians and other healthcare professionals) recently announced it has joined forces with Healthwise, Incorporated, the patient and member health education and engagement company, by acquiring Healthwise's current operating assets.

Ryan Asdourian Named As Chief Marketing Officer At Lumen

By Amit Chowdhry ● Mar 4, 2024

Lumen Technologies has named Ryan Asdourian as its new Executive Vice President (EVP) and Chief Marketing Officer (CMO). In this role, Asdourian will oversee brand and product marketing and corporate communications. Asdourian will report to Lumen President and CEO Kate Johnson starting next week and serve as a member of the executive team.

Why Groq Is Buying Definitive Intelligence

By Amit Chowdhry ● Mar 4, 2024

Groq (a generative AI solutions company) recently announced it has acquired Definitive Intelligence (a company redefining how businesses utilize data and empowering organizations to unlock actionable insights), all powered by AI.

Anthro Energy: $20 Million Raised To Unlock The Potential Of Lithium Ion Batteries

By Amit Chowdhry ● Mar 4, 2024

Anthro Energy announced two major milestones: the closing of an over-subscribed $20 million Series A financing round and the completion of UN 38.3 battery certification, a key global safety standard for lithium battery transport. Collaborative Fund led the financing, with significant participation from existing investors such as Union Square Ventures, Emerson Collective, and Voyager Ventures. Energy Revolution Ventures, Ultratech Capital Partners, Nor'easter Ventures, and Overlap Holdings. The funding will be used to build a Bay Area-based pilot production facility to commercialize and scale Anthro's advanced battery technologies.

Qualiti.ai: Test Automation Solutions Company Raises Strategic Funding From Crosslink Capital

By Amit Chowdhry ● Mar 4, 2024

Qualiti.ai - a leader in AI-driven test automation solutions - announce a strategic investment from Crosslink Capital and the appointment of Tim Stewart as Chief Technology Officer. And these developments reinforce Qualiti’s commitment to transforming the software testing landscape through innovative technology.

Aktiia: Wrist-Worn 24/7 Optical Blood Pressure Monitoring Company Raises CHF 27 Million

By Amit Chowdhry ● Mar 4, 2024

Aktiia - the Swiss HealthTech innovator that developed the world’s first wrist-worn 24/7 optical blood pressure monitoring device - announced the completion of a CHF 27 million (USD 30M) funding round, led by Redalpine with participation from an international investor syndicate including Khosla Ventures, Molten, Translink Capital, Verve, and 415 Capital. And this strategic infusion of capital will accelerate Aktiia’s mission to ease the global burden of hypertension by providing groundbreaking insights into blood pressure management through AI-driven technology, currently used by over 60,000 customers and dozens of healthcare organizations.

Figure: AI Robotics Company Raises $675 Million At $2.6 Billion Valuation And Deal Signed With OpenAI

By Amit Chowdhry ● Mar 4, 2024

Figure - an AI robotics company developing general-purpose humanoid robots - recently announced that it had raised $675 million in Series B funding at a $2.6 billion valuation with investments from Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. And this investment will accelerate Figure's timeline for humanoid commercial deployment.

Why Endava Is Buying GalaxE Solutions For Up To $405 Million

By Amit Chowdhry ● Mar 4, 2024

Endava - a leading technology services company combining sophisticated engineering, industry expertise and a people-centric mindset - recently announced it entered into a definitive agreement to acquire 100% ownership of GalaxE Group, a global IT and business solutions provider headquartered in New Jersey, United States.

Super League Selling Minehut Business Unit To GamerSafer

By Amit Chowdhry ● Mar 4, 2024

Super League - a leading creator and publisher of content experiences and media solutions across the world’s largest immersive platforms - recently announced it has sold its Minehut business unit to GamerSafer, a security and online gamer experience startup. And the Board of Directors of Super League and GamerSafer have approved the transaction, which is now complete.

Why Fortune Brands Is Buying SpringWell For About $105 Million

By Amit Chowdhry ● Mar 4, 2024

Shenandoah Telecommunications Company Selling Towers For $310 Million

By Amit Chowdhry ● Mar 4, 2024

Shenandoah Telecommunications Company announced that it has entered into a Purchase and Sale Agreement with Vertical Bridge Holdco to sell its tower portfolio and operations to Vertical Bridge for $310.3 million in cash.

Wolter: Material Handling Solutions Company Raises Funding From BBH Capital Partners

By Amit Chowdhry ● Mar 4, 2024

Wolter - a leading provider of material handling solutions, automation, overhead cranes, industrial dock and door services, and power systems - announced a significant growth investment from BBH Capital Partners (BBHCP). This strategic partnership will enable Wolter to accelerate its expansion plans, including acquisitions and real estate investments, further solidifying its position in the industry.

Why First Advantage Is Buying Sterling Check For $2.2 Billion

By Amit Chowdhry ● Mar 4, 2024

First Advantage - a leading provider of employment background screening, identity, and verification solutions - recently announced that it has entered into a definitive purchase agreement to acquire Sterling Check, a provider of background screening and identity services. And First Advantage will issue a combination of cash and stock valuing Sterling at approximately $2.2 billion, including Sterling’s outstanding debt.