Archives

San Francisco Equity Partners Buying Majority Stake In Formula Corp

By Amit Chowdhry ● Mar 1, 2025

San Francisco Equity Partners (SFEP), a private equity firm focused on partnering with expansion-stage companies across the consumer value chain, announced that it has acquired a majority stake in Formula Corp, a leading formulator and contract manufacturer of cleaning products. The terms of the deal were not disclosed. Formula Corp co-founders Chas Werner and Alan Gangl will continue to be shareholders of the company.

Principal: $3.64 Billion Raised For Data Center Growth & Income Fund

By Amit Chowdhry ● Feb 28, 2025

Principal Asset Management, the investment management unit of Principal Financial Group, reached the final investor close on February 28 for its Principal Data Center Growth & Income Fund, which is dedicated to developing a portfolio of hyperscale data center projects across the US. The fund raised $3.64 billion, well over the target of a diverse global investor base. This is the third discretionary data center-focused vehicle by Principal.

FairPlay: $10 Million Funding Raised For Fairness-As-A-Service Platform

By Amit Chowdhry ● Feb 28, 2025

FairPlay, which is a Fairness-as-a-Service company, announced a $10 million investment from Infinity Ventures, JPMorganChase, and Nyca Partners. This funding comes as FairPlay reports a threefold increase in business in 2024, demonstrating robust market demand for its AI safety solutions.

Loyal: $22 Million (Series B-2) Raised For Clinical-Stage Animal Health Platform

By Amit Chowdhry ● Feb 28, 2025

Loyal, a clinical-stage animal health company developing longevity drugs for dogs, announced that the FDA’s Center for Veterinary Medicine has accepted the Reasonable Expectation of Effectiveness (RXE) section of its conditional approval application for LOY-002. The company also revealed it has raised a $22 million B-2 round from Valor Equity Partners and Collaborative Fund, and others, in addition to its $45 million Series B in 2024.

Koala: $15 Million (Series A) Raised For GTM Engine

By Amit Chowdhry ● Feb 28, 2025

Koala, which is the rep-first GTM engine turning your best sales signals into plays, announced the closing of its $15 million Series A funding round, bringing total funding to $20 million, including an earlier seed round. The round was led by CRV, with participation from HubSpot Ventures, Recall Capital, and Afore.

VRIFY: $12.5 Million (Series B) Secured For Advancing AI-Assisted Mineral Discovery Platform

By Amit Chowdhry ● Feb 28, 2025

VRIFY Technology, a technology company combining advanced AI with deep industry expertise to transform how minerals are found, announced it has raised C$12.5 million in Series B funding. Led by venture capital firm LGVP, with continued support from Series A funders RCF Innovation and Beedie Capital. This round brings VRIFY's total funding to over C$30 million.

Mercer Buying $35+ Billion Firm SECOR Asset Management

By Amit Chowdhry ● Feb 28, 2025

Mercer, a business of Marsh McLennan and a global leader in helping clients realize their investment objectives, announced that it reached an agreement to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. The terms of the deal, which is expected to close in the second quarter of 2025, subject to regulatory approvals and client consents, were not disclosed.

Asbury Automotive Buying The Herb Chambers Companies In $1.34 Billion Deal

By Amit Chowdhry ● Feb 28, 2025

Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., signed a definitive agreement to acquire various automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately owned dealership group in the country.

Kontoor Brands Buying Global Outdoor And Workwear Brand Helly Hansen In $900 Million Deal

By Amit Chowdhry ● Feb 28, 2025

Global lifestyle apparel company Kontoor Brands (Wrangler and Lee brands) recently announced it has signed a definitive agreement to acquire Helly Hansen, the global outdoor and workwear brand. Under the terms of the deal, Kontoor Brands will acquire 100% of Helly Hansen from Canadian Tire Corporation.

Antin Infrastructure Partners: Guillaume Friedel And Ashkan Karimi Named As Senior Partners

By Amit Chowdhry ● Feb 28, 2025

Antin Infrastructure Partners announced it is strengthening its Senior Partner ranks through the promotions of Guillaume Friedel and Ashkan Karimi, effective immediately.

Regie.ai: $30 Million (Series B) Raised For AI-Based Sales Strategies

By Amit Chowdhry ● Feb 28, 2025

Regie.ai, a platform transforming sales prospecting in the age of AI, announced it has raised $30 million in Series B funding, co-led by Scale Venture Partners and Foundation Capital, with participation from Khosla Ventures, StepStone Group, TriplePoint Capital, and South Park Commons.

Winston & Strawn: London Office Grows With Addition Of Real Estate Finance Partner Aparna Sehgal

By Amit Chowdhry ● Feb 28, 2025

Winston & Strawn recently announced that Aparna Sehgal has joined the firm’s Transactions Department as a partner in the London office and a member of the Structured Finance Practice.

Modine: $180 Million In Orders Signed For Data Center Cooling Systems

By Amit Chowdhry ● Feb 28, 2025

Modine, a diversified global leader in thermal management technology and solutions, announced $180 million in orders for Airedale by Modine data center cooling systems from a new customer, a leading AI infrastructure developer.

Dow Jones To Buy Dragonfly Intelligence And Oxford Analytica From FiscalNote In $40 Million Deal

By Amit Chowdhry ● Feb 28, 2025

Dow Jones has agreed to acquire Dragonfly Intelligence, a geopolitical and security intelligence provider, and Oxford Analytica, a geopolitical intelligence advisory services provider from FiscalNote Holdings, for $40 million.

STAX Engineering: $70 Million Raised For Maritime Emissions Capture And Control

By Amit Chowdhry ● Feb 28, 2025

STAX Engineering, a leader in maritime emissions capture and control, announced $70 million in funding led by Firstime Credit and Deutsche Bank Private Credit & Infrastructure. It also launched new carbon capture trials with Seabound, a leader in onboard carbon capture technology.