Archives

Marsh McLennan Agency Buying Acumen Solutions Group

By Amit Chowdhry ● Jan 4, 2025

Marsh McLennan Agency (MMA), a business of Marsh and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across North America, announced the acquisition of Acumen Solutions Group, a New York-based full-service insurance agency. The terms of the acquisition were undisclosed.

Curtiss-Wright: $200 Million Acquisition Of Ultra Energy Completed

By Amit Chowdhry ● Jan 4, 2025

Curtiss-Wright announced that it completed the acquisition of Ultra Nuclear Limited and Weed Instrument for $200 million in cash. Ultra Energy is a leading global provider of safety-critical measurement and control systems for commercial nuclear, aerospace, and defense markets.

L’Oréal Groupe To Buy Korean Skincare Brand Dr.G

By Amit Chowdhry ● Jan 4, 2025

L'Oréal Groupe announced that it has signed an agreement with Swiss retail group Migros to acquire its subsidiary Gowoonsesang Cosmetics Co, Ltd, including Dr.G, the Korean skincare brand founded by dermatologist Dr. Gun Young Ahn in 2003 and based in Seoul. And Dr.G will become part of L'Oréal Groupe's Consumer Products Division (CPD), positioned to meet the rising demand for K-Beauty and scientifically developed, effective, affordable skincare solutions.

PAR Technology Buying Delaget To Expand Restaurant Capabilities

By Amit Chowdhry ● Jan 4, 2025

PAR Technology, a global food service technology company, announced the acquisition of Delaget, a leading restaurant analytics and business intelligence solutions provider.

Mayer Brown: Chris McGarry Joins As Structured Finance Partner

By Amit Chowdhry ● Jan 4, 2025

Mayer Brown announced that Chris McGarry joined the firm as a partner in its global Structured Finance and Private Capital groups. And he joins from White & Case, where he led the firm’s European collateralized loan obligations (CLO) practice and English law securitization practice.

White & Case: Aaron Kenavan And Jamie Palmer Join As Partners In Sydney

By Amit Chowdhry ● Jan 4, 2025

Global law firm White & Case LLP announced it has expanded its Global Mergers & Acquisitions (M&A) Practice and its Global Private Equity Industry Group with the addition of partners Aaron Kenavan and Jamie Palmer in Sydney.

Big Time Studios: $150 Million Fund Launched To Advance Web3 Gaming

By Amit Chowdhry ● Jan 4, 2025

Big Time Studios recently announced the $150 million Open Loot Fund, an initiative to empower game studios leveraging the Open Loot platform. This fund provides financial backing, marketing expertise, and development support to enable studios to create high-quality crypto games.

Jolt: Sustainable Energy Storage Materials Company Raises $4 Million (Series A)

By Amit Chowdhry ● Jan 4, 2025

Jolt Energy Storage Technologies, a pioneer in sustainable organic energy storage materials, announced it raised $4 million in its Series A offering. This funding will accelerate prototype development, field testing, design, and manufacturing processes to pave the way for commercial scalability of its organic flow battery design.

Permira Funds Buying Strategic Majority Stake In Westbridge

By Amit Chowdhry ● Jan 4, 2025

Global investment firm Permira and the investor GENUI announced that funds advised by Permira had agreed to acquire a majority stake in Westbridge Advisory, a leading European energy and sustainability advisory firm for institutional real estate clients.

H.I.G. Capital To Buy AI Solutions Company Quisitive

By Amit Chowdhry ● Jan 4, 2025

Microsoft Cloud and AI solutions provider Quisitive Technology Solutions announced that it entered into an arrangement agreement under which an affiliate of H.I.G. Capital will buy all of the company's issued and outstanding common shares.

Gladstone And Proteus Acquiring Ricardo Defense

By Amit Chowdhry ● Jan 4, 2025

Gladstone Investment and Proteus Enterprises announced its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively known as RDI). Gladstone Investment provided equity and senior secured debt to complete the transaction.

Cass Information Systems Acquires AcuAudit From Active Solutions

By Amit Chowdhry ● Jan 4, 2025

Cass Information Systems - a leading global freight audit & payment solutions provider - announced it acquired AcuAudit, a premier freight audit platform for the ocean and international air freight, from Active Solutions.

SkyVisor: €1.2 Million Raised For Enhancing Drone-Based Inspection Software

By Amit Chowdhry ● Jan 4, 2025

SkyVisor - a leading innovator of automatic drone-based inspection and asset management software for renewables - announced it has raised €1.2 million in a funding round backed by Tomcat, the French public investment bank BPIfrance, Région Île-de-France, and industry leading investors. This investment will drive SkyVisor’s international expansion, accelerate product development, and strengthen its wind and solar market role.

Computershare To Buy Investor Intelligence Company CMi2i

By Amit Chowdhry ● Jan 4, 2025

Computershare announced that it acquired CMi2i Limited. CMi2i provides independent and trusted advice to boards, executives, and advisors of of the largest public companies around the world.

Equinor: $3 Billion Financing Raised For U.S. Empire Wind 1 Project

By Amit Chowdhry ● Jan 4, 2025

Equinor announced it secured a financing package of over $3 billion to advance Empire Wind 1 offshore wind power project in the US. With this funding, the company expects the total capital investments, like fees for using the South Brooklyn Marine Terminal, to be about $5 billion, including the effect of future tax credits.

Nu Skin Enterprises: Strategic Deal Of Mavely For $250 Million

By Amit Chowdhry ● Jan 4, 2025

Nu Skin Enterprises announced that its Rhyz subsidiary completed a strategic transaction with Later, a portfolio company of Summit Partners. And as part of the deal, Rhyz sold its Mavely affiliate marketing technology platform to Later in exchange for about $250 million in cash and a minority equity stake in the combined Later/Mavely business.

Orion: Acquisition Of Summit Wealth Systems Completed

By Amit Chowdhry ● Jan 4, 2025

Orion, a provider of transformative wealth technology solutions for financial advisors and the enterprise firms that serve them, announced the completion of its acquisition of advisor technology provider Summit Wealth Systems. As part of the deal, Summit’s co-founder and CEO, Reed Colley, joined Orion today as President of Orion Advisor Technology, reporting to Orion CEO Natalie Wolfsen. The definitive agreement was announced on December 19, 2024, and further deal details will not be disclosed.

Microsoft To Invest $80 Billion On AI Data Centers In 2025

By Amit Chowdhry ● Jan 3, 2025

Microsoft announced it will spend $80 billion this year to build a large data center network. This was revealed in a statement by Microsoft Vice Chair and President Brad Smith.

Apheris: Series A Funding Raised For Powering Life Sciences Data Networks

By Amit Chowdhry ● Jan 3, 2025

Apheris, a leading federated computing company powering data networks for the life sciences sector, announced the completion of a Series A funding round, bringing total funding to $20.8 million. The funding round was led by leading European DeepTech VC firms, OTB Ventures and eCAPITAL, followed by existing investors, including Octopus Ventures and Heal Capital.

One Equity Partners: Majority Investment In Comau

By Amit Chowdhry ● Jan 3, 2025

One Equity Partners (OEP) - a middle market private equity firm - announced that it completed a majority investment in Comau, making Stellantis an active minority shareholder. Comau is a global technology company specializing in industrial automation and advanced robotics.

Vision Graphics And Banner Capital Acquires Commercial Vehicle Wraps Company

By Amit Chowdhry ● Jan 3, 2025

Vision Graphics and Banner Capital Management announced the acquisition of Queen of Wraps and a go-forward partnership with its founders and owners, Bryan Griffith and the Griffith family. Launched in 2007, Queen of Wraps is a Utah-based graphics provider specializing in commercial vehicle wraps.

One Equity Partners: Acquisition Of EthosEnergy Completed

By Amit Chowdhry ● Jan 3, 2025

Middle market private equity firm One Equity Partners (OEP) announced that it completed an investment in EthosEnergy, a global independent service provider focusing on rotating equipment for customers in the power generation, energy, industrial, aerospace, and defense markets.

Olympus Partners: Acquisition Of Accelevation Announced

By Amit Chowdhry ● Jan 3, 2025

Olympus Partners has announced the acquisition of Accelevation, a leading provider of infrastructure products and services to the data center market. Accelevation's offering includes white space design, custom manufacturing, and installation services to hyperscale, colocation, and enterprise customers.

Viad Completes Sale Of GES To Truelink Capital

By Amit Chowdhry ● Jan 3, 2025

GES, a leader in the exhibition and event industry, announced the completion of its sale by Viad Corp to LA-based private equity firm Truelink Capital. This transaction positions GES to accelerate growth as a privately-owned, stand-alone company within Truelink’s portfolio.

Thomson Reuters Buying SafeSend In $600 Million Deal

By Amit Chowdhry ● Jan 3, 2025

Thomson Reuters announced it acquired cPaperless, doing business as SafeSend, for $600 million in cash. SafeSend is a cloud-based tax and accounting automation company.

Culina Health: Clinical Nutrition Care Company Raises $7.9 Million (Series A)

By Amit Chowdhry ● Jan 3, 2025

Culina Health - a digital platform that makes clinical nutrition care inclusive and accessible for everyone - announced that it has raised a $7.9 million Series A funding round. The funding round, which raised Culina Health’s total capital to $20 million, was led by Healthworx (the investment arm of CareFirst). And additional participation in the round includes Rethink Impact, Collab Capital, Collide Capital, Vamos Ventures, Tensility Venture Partners, Cake Ventures, and GW Ventures.

M^0: Interview With CEO & Co-Founder Luca Prosperi About The Money Middleware Company

By Amit Chowdhry ● Jan 3, 2025

M^0 is money middleware for the digital age. And based on a decentralized architecture and best-in-class collateral design, M^0 allows institutions to issue cryptodollars. Pulse 2.0 interviewed Luca Prosperi, who is President of the M^0 Foundation Council and CEO & Co-Founder of M^0 Labs, to learn more.

KoBold Metals: AI-Based Mining Company Raises $537 Million (Series C) At $2.96 Billion Valuation

By Amit Chowdhry ● Jan 3, 2025

AI-based mining company KoBold Metals announced it raised $537 million in Series C funding at a $2.96 billion valuation. The lead investors in this round were Durable Capital Partners LP and T. Rowe Price. There was also participation by Andreessen Horowitz Growth, Breakthrough Energy Ventures, Mitsubishi, StepStone Group, and WCM Investment Management.

Alibaba Selling Sun Art Stake To DCP In About A $1.6 Billion Deal

By Amit Chowdhry ● Jan 3, 2025

Alibaba Group announced it is selling its brick-and-mortar retail company Sun Art Retail Group Ltd. shares to private equity firm DCP Capital for up to HK$12.3 billion ($1.6 billion). Alibaba held over a 70% stake in Sun Art and paid about $3.6 billion for the stake in 2020.

Rembrand: In-Scene Media And Virtual Product Placement Raises $23 Million (Series A)

By Amit Chowdhry ● Jan 3, 2025

Rembrand, a leading innovator in In-Scene Media and Virtual Product Placement technology, announced it raised $23 million in Series A funding to expand and drive the company's already rapid growth. The funding round was led by super{set}. It included participation from The Trade Desk and Naver D2SF plus existing investors such as BOLD, the corporate venture capital fund of L'Oréal, Greycroft, and others.