Archives

rabbit - an AI startup building the future of human-machine interface – recently announced that it has raised a $10 million Series A round led by existing investor Khosla Ventures, bringing the total funding to $30 million.

Unnatural Products - a biotech company pairing AI with chemistry to usher in the next generation of molecularly targeted therapeutics – recently announced $32 million in Series A funding, led by Merck Global Health Innovation Fund (MGHIF) and TechBio-focused ARTIS Ventures. And other new investors include First Spark Ventures, The Venture Collective, Humain Ventures, LongeVC, and Not Boring Capital, along with participation from existing investors.

TFI International, a North American leader in the transportation and logistics industry, recently announced it has agreed to acquire Daseke, one of the leading flatbed and specialized transportation and logistics companies in North America, for $8.30 in cash per common share.

MSCI - a leading provider of mission-critical decision support tools and services for the global investment community – recently announced its purchase agreement to acquire Fabric, a wealth technology platform specializing in portfolio design, customization, and analytics for wealth managers and advisors.

Luna Innovations - a global leader in advanced fiber optic-based technology – recently announced a $50 million investment by White Hat Capital Partners, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications.

Bristol Myers Squibb and Karuna Therapeutics recently announced that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Karuna for $330 per share in cash, for a total equity value of $14 billion, or $12.7 billion net of estimated cash acquired. The deal was unanimously approved by both the Bristol Myers Squibb and Karuna Boards of Directors.

Vestwell – a leading employer and individual savings platform – recently announced it raised its Series D round, totaling $125 million. Lightspeed Venture Partners led the funding round. And existing investors Fin Capital, Primary Venture Partners, FinTech Collective, and newcomers Blue Owl and HarbourVest also participated.

Mayfair Equity Partners is backing a management buyout of TrustedHousesitters, a category-defining, subscription-based pet-sitting and travel community. Mayfair and the management team will hold a majority stake in the business. Rockpool will exit its stake in TrustedHousesitters and reinvest alongside Mayfair. The transaction values the business at over $100 million. The additional deal terms were undisclosed.

J.C. Flowers & Co. LLC - a leading private investment firm dedicated to investing globally in the financial services industry – recently announced it has closed its investment with Capital Funding Bancorp, Inc., the holding company for CFG Bank, a top-performing Baltimore-based bank providing financing and banking solutions to the national healthcare and multifamily industries.

IntelliBoard - a leading learning analytics provider – recently announced the completion of a financing round led by Advantage Capital (a new investor) and an existing investor, Connecticut Innovations (CI). This new funding round will be invested in the future market growth and innovation of IntelliBoard's leading Learning Analytics platform.

BASF, LetterOne, and Harbour Energy plc (Harbour) recently signed a business combination agreement to transfer Wintershall Dea’s E&P business consisting of its producing and development assets and exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) and Wintershall Dea’s carbon capture and storage (CCS) licenses to Harbour. In exchange, at the closing of the deal, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – will receive total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%).

GreyOrange - a leader in AI-driven fulfillment automation – recently announced the first close of its Series D funding, securing $135 million. This funding, led by Anthelion Capital (formerly Cowen Sustainable Investments), reinforces GreyOrange’s innovative approach to transforming warehouse and retail store operations through a hardware-agnostic software platform and a dynamic range of certified robotic and sensing technologies.

Atavistik Bio - a biotechnology company discovering the next generation of precision allosteric therapeutics inspired by the body’s natural regulators – recently announced that it had raised an additional $40 million to advance its lead precision allosteric small molecule therapeutics in oncology into the clinic and to advance its earlier stage pipeline. The funding included existing investors, including The Column Group, Lux Capital, and Nextech Invest, Ltd. Since launching in August 2021, Atavistik Bio has raised $100 million in aggregate.

Accenture recently announced it has signed an agreement to buy Customer Management IT and SirfinPA, a pair of jointly-owned Italian technology consultancies supporting the public sector and specializing in justice and public safety. This acquisition aligns with Accenture’s focus on helping Italian public service organizations build their digital core and deliver enhanced services to the citizens they serve.

Alteryx recently announced that it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P., and Insight Partners in a transaction valued at $4.4 billion, including debt. And upon completion of the transaction, Alteryx will become a privately held company.

ADM (a global leader in human and animal nutrition) recently announced it is adding to its flavor capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.

knownwell - an in-person and virtual, weight-inclusive primary care and metabolic health company – recently announced that it has raised a $20 million Series A funding round led by A16Z with participation from existing investors, including Flare Capital Partners.

NewLeaf Symbiotics - a global leader and pioneer of pink-pigmented facultative methylotrophs (PPFMs) – recently announced the fully funded close of its series D financing round, totaling $45 million. This funding round was led by new investor Gullspång Re:food and followed by Otter Capital Partners LP, S2G Ventures, Leaps by Bayer and others.

IBM recently announced that it has entered into a definitive agreement with Software AG, a company majority owned by Silver Lake, to buy StreamSets and webMethods, Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms, for €2.13 billion in cash.

Kodiak Gas Services and CSI Compressco LP recently announced that they have executed a definitive merger agreement under which Kodiak will acquire CSI Compressco in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt, based on the closing price of Kodiak's stock on December 18, 2023.

Aon plc - a leading global professional services firm – recently announced the signing of a definitive agreement to acquire NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. Under the terms of the deal, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, funded by $7 billion of cash and $6.4 billion of Aon stock.

Accenture recently announced it is buying Redkite and Vocatus. These are the details.

Advantage Capital (a leading impact investment firm) recently announced that it has committed to providing a $185 million investment to Sabanci Renewables, a North American subsidiary of Sabanci Holding, to complete the financing of its Cutlass Solar II project.

FirstService Corporation recently announced that it has acquired Roofing Corp of America, one of North America's largest commercial roofing enterprises. And the addition is highly complementary to FirstService’s existing portfolio of market-leading essential property services brands, adding to its property repair, maintenance, and restoration capabilities.

Redactable - an AI-driven web application built to redact sensitive documents quickly and permanently – recently announced that it has raised $5.5 million in seed funding led by Gradient Ventures (Google's AI-focused venture fund) with participation from Wocstar Fund, existing pre-seed investors, and notable angel investors.

Prevu – a leading savings-oriented homebuying platform in the US – recently announced its Series A funding round of $6 million. The company welcomed new investors Citi, RiverPark Ventures, Metropolis Ventures, Simplex Ventures, Winklevoss Capital, Liebenthal Ventures, and shares the appreciation for the continued support and participation in the round from its existing investors.

Masonite International (a leading global designer, manufacturer, marketer and distributor of interior and exterior doors and premium door systems) and PGT Innovations (a designer and manufacturer of patio door and premium window solutions, and recognized leader in technically advanced products for impact rated glass applications) recently announced a definitive agreement under which Masonite will acquire PGT Innovations for a combination of cash and Masonite shares with a total transaction value of $3 billion.

Pivotal Life Sciences - a global investment firm dedicated to investing in companies involved in healthcare innovation seeking to improve patient outcomes - recently announced the final close of Pivotal bioVenture Partners Fund II with $389 million in capital commitments.

Lingrove - a pioneer in composite materials that uses patented technology to transform fast-growing plants into surfaces and panels for the built environment and beyond – recently announced an oversubscribed Series B round of funding led by Lewis & Clark Agrifood and Diamond Edge Ventures, with participation from Bunge Ventures and SOSV. This funding round enables Lingrove to ramp up production of ekoa, a natural, durable, and carbon-negative alternative to conventional materials used in construction.

Exiger – a market-leading SaaS company revolutionizing how corporations, government agencies, and banks manage supply chains - recently announced that it has entered into a definitive agreement to receive a majority investment from funds managed by Carlyle and Insight Partners.