Archives

Why United Rentals Is Buying Yak Access for $1.1 Billion

By Amit Chowdhry ● Mar 5, 2024

United Rentals announced that it has entered into a definitive agreement to acquire Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC (collectively Yak) from Platinum Equity for about $1.1 billion in cash. The deal is expected to close in the first quarter of 2024, subject to limited contractual conditions.

UChicago Medicine and the University of Chicago Partner With MDClone For Improving Healthcare Data Access

By Amit Chowdhry ● Mar 5, 2024

MDClone (a leading analytics and synthetic data company) has partnered with the University of Chicago and UChicago Medicine to establish an ADAMS Center, a unified data-driven epicenter for innovation, research, and quality improvement projects for the health system. ADAMS represents the innovation process of Ask, Discover, Act, Measure, and then Share - focused on generating quicker insights at scale by fostering synergy among teams.

Hamilton Lane: $700 Million In Commitments Closed For Strategic Opportunities Fund VIII

By Amit Chowdhry ● Mar 5, 2024

Hamilton Lane announced the final closing of Hamilton Lane Strategic Opportunities Fund VIII. The Fund represents about $700 million in commitments from a wide range of institutions, including over 50 investors across North America, Asia, EMEA and Latin America.

Why WindRose Health Investors Is Buying CardioOne

By Amit Chowdhry ● Mar 5, 2024

WindRose Health Investors - a New York-based healthcare private equity firm - announced it has completed the acquisition of CardioOne, a physician enablement company built specifically to serve independent cardiologists. And CardioOne enables cardiologists to thrive today while preparing them for the future of value-based care.

Ontario Teachers’ Pension Plan Board Reveals New Leadership Team

By Amit Chowdhry ● Mar 5, 2024

Ontario Teachers' Pension Plan Board announced the appointment of new leaders to oversee the Capital Markets, Total Fund Management, and Global Investment Strategy investment departments, effective immediately.

Nocion Therapeutics: $62 Million Closed To Evaluate Lead Program Taplucanium Dry Powder For Inhalation

By Amit Chowdhry ● Mar 5, 2024

Nocion Therapeutics - a clinical-stage biopharmaceutical company - announced that it has raised $62 million in Series B funding.

HData: $10 Million Raised To Accelerate Energy Sector Data Intelligence

By Amit Chowdhry ● Mar 5, 2024

HData—a company using AI and automation to help the U.S. energy industry file, explore, analyze, and leverage regulatory data—announced the closing of a $10 million Series A funding round led by Buoyant Ventures. The participating investors include Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, and others.

Why Stengel Hill Architecture Is Buying Smith Consulting Architects

By Amit Chowdhry ● Mar 5, 2024

Godspeed Capital Management LP — a lower middle market Defense & Government services, solutions, and technology-focused private equity firm — announced the acquisition of Smith Consulting Architects (SCA) by its architectural, engineering, and consulting (AEC) services platform, Stengel Hill Architecture (SHA).

Agio Ratings: Risk Analytics Company Raises $4.6 Million

By Amit Chowdhry ● Mar 5, 2024

Agio Ratings announced it had raised $4.6 million in pre-seed and seed funding to transform how the digital asset industry prices risk. Superscrypt led the seed round and was joined by Portage, MS&AD Ventures, and several angel investors in insurance and asset management. The company—which launched in May 2022—enables institutions to price the risk of 30+ major trading venues.

AGA Benefit Solutions Raises Funding From TA Associates

By Amit Chowdhry ● Mar 5, 2024

AGA Benefit Solutions (AGA) - a leading developer and administrator of customized group insurance and retirement plans across Canada - announced that it has received a significant growth investment from TA Associates. TA has partnered with AGA’s management team, who will remain in place and be substantial shareholders of AGA.

Alter Domus Raises Strategic Investment From Cinven

By Amit Chowdhry ● Mar 5, 2024

Alter Domus - a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry - announced that it has secured a new strategic investment from Cinven. And Cinven is a leading international private equity firm focused on building world-class global and European companies. The transaction gives Alter Domus an enterprise value of €4.9 billion ($5.3 billion).

Why Accenture Is Buying The Lumery

By Amit Chowdhry ● Mar 5, 2024

Accenture announced it has acquired The Lumery, which is a Melbourne-based marketing technology (martech) consultancy that helps leading organizations deliver seamless customer experiences and transform their marketing services. And the acquisition will strengthen the marketing transformation capabilities of Accenture Song — which is the firm’s tech-powered creative group — and add significant depth to its offerings in Australia, such as personalization, CRM and loyalty, testing and experimentation and automation.

Overjet: Dental AI Company Raises $53 Million At $550 Million Valuation

By Amit Chowdhry ● Mar 5, 2024

Overjet—a leader in dental AI—announced a $53.2 million Series C round, the largest investment ever in artificial intelligence for dentistry. March Capital led this historic round, which also included General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association. This brings Overjet's total funding to about $133 million and increases the company's valuation to $550 million.

Why Mercer Advisors Is Buying MDK Private Wealth Management

By Amit Chowdhry ● Mar 5, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of MDK Private Wealth Management. And MDK is a comprehensive wealth management firm located in Seattle, Washington. MDK, founded in 2020 by co-founders Paul Meyer, Jaimi Dennehy, and Chris Kalafatis and complemented by a highly qualified team of professionals, serves its Ultra High Net Worth (UHNW) clientele with assets under supervision of over $2.5 billion.

Mews: Hospitality Cloud Company Raises $110 Million At $1.2 Billion

By Amit Chowdhry ● Mar 5, 2024

Mews - an industry-leading hospitality cloud - announced it raised a fresh round of funding at $110 million. The funding round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2 billion.

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.