Archives

Trackunit: Construction-Focused IoT Connectivity Company Raises Funding From Goldman Sachs

By Amit Chowdhry ● Feb 21, 2025

Trackunit, a leading SaaS and operating data platform provider for the construction ecosystem globally, announced that Private Equity at Goldman Sachs Alternatives will buy a majority stake in the company from funds advised by Hg and GRO Capital. And Goldman Sachs Alternatives' investment marks the next chapter in Trackunit's ambitious growth journey, supporting the company's mission to eliminate downtime in construction and to support customer success.

New Charter Technologies Buys Orchestrate AI To Advance MSP Services

By Amit Chowdhry ● Feb 21, 2025

New Charter Technologies (a portfolio company of Oval Partners) announced the acquisition of Orchestrate AI Labs, an AI-integration company focused on the future of the MSP. Created by a team of experienced MSP and technology leaders, Orchestrate AI has operated largely in stealth mode, developing innovative solutions to bring the transformative power of frontier AI models into service delivery models.

JLL: $1.125 Billion Refinancing Arranged For 3 Bryant Park In Midtown Manhattan

By Amit Chowdhry ● Feb 21, 2025

JLL’s  Capital Markets group announced that it had arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot trophy office tower located in the Bryant Park micro-market of Midtown Manhattan.

Crain Communications Buying Industry Media Company Hart Energy

By Amit Chowdhry ● Feb 21, 2025

Crain Communications announced it has agreed to acquire Hart Energy, a leading multi-platform news and information company covering the massive energy sector with industry-leading media brands such as Oil and Gas Investor, E&P and the DUG conferences, and others.

A10 Networks Expands Cybersecurity Portfolio With ThreatX Acquisition

By Amit Chowdhry ● Feb 21, 2025

A10 Networks announced it has acquired the assets and key personnel of ThreatX Protect expanding its cybersecurity portfolio with web application and API protection (WAAP). And the acquisition is expected to be modestly accretive to A10’s earnings per share this year and has closed.

Phenom Buying Resource Management And Talent Mobility Company EDGE

By Amit Chowdhry ● Feb 21, 2025

Phenom, an AI company specializing in HR, announced it acquired EDGE, a leading resource management and talent mobility platform. This acquisition strengthens Phenom’s workforce intelligence solutions for the professional services industry and global capability centers (GCC).

Drata To Buy Trust Center Solution SafeBase

By Amit Chowdhry ● Feb 21, 2025

Drata, a leading Trust Management platform, announced it has entered into a definitive agreement to acquire SafeBase, the leading Trust Center solution for the enterprise. The deal is intended to integrate both companies' shared vision of being the go-to trust layer between companies, driving seamless, transparent relationships with the most comprehensive Trust Management Platform. This deal is expected to close later this month.

fal: $49 Million (Series B) Raised For AI-Based Media Creation Infrastructure Platform

By Amit Chowdhry ● Feb 21, 2025

fal, a leading infrastructure platform for AI-based media creation, announced it raised $49 million in Series B funding by Notable Capital and Andreessen Horowitz (a16z), with participation from Bessemer Venture Partners, Kindred Ventures, and First Round Capital. This brings fal’s total funding to $72 million. As part of this funding round, Jennifer Li (a16z) and Glenn Solomon (Notable) will join fal’s Board of Directors.

Aventia Expands Environmental Services Platform With St.Germain Acquisition

By Amit Chowdhry ● Feb 21, 2025

Aventia, a leading platform providing comprehensive environmental service solutions, announced the acquisition of St.Germain, an environmental consulting, regulatory compliance, and engineering firm. The financial terms of the transaction were undisclosed.

Emerald Lake: Sale Of Inno-Pak Announced

By Amit Chowdhry ● Feb 21, 2025

Emerald Lake Capital Management, a middle market private equity firm investing in capital-efficient businesses with sustainable competitive advantages and strong growth prospects in the industrials and services sectors, announced the sale of Inno-Pak, a leading designer, manufacturer, importer and supplier of innovative, eco-friendly packaging for prepared and takeout foods, to Handgards, a portfolio company of Wynnchurch Capital. The terms of the deal were undisclosed.

Clear Labs Secures $30 Million in Series D Financing to Accelerate Development and Adoption of Cutting-Edge Sequencing Solutions

By Amit Chowdhry ● Feb 21, 2025

Peregrine: $5 Million Raised For Transforming Healthcare for Underserved Communities

By Amit Chowdhry ● Feb 21, 2025

Peregrine Health, a comprehensive national behavioral health solution, announced it has secured $5 million to accelerate its mission to improve access to behavioral health care in underserved communities. The funding will advance the company's continued growth as a partner for Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs).

Questal: $3.2 Million (Seed) Funding Raised For Accelerating Personal Financial Management Platform

By Amit Chowdhry ● Feb 21, 2025

Questal, the owner and operator of financial wellness service provider Questis and a leader in innovative financial technology, announced the closing of its Seed Series funding round. The funding round was led by prominent figures, including Ken Thompson, former CEO of TD Private Client Wealth LLC; Adam Harper, former COO of Investments at Citi Wealth; Elizabeth and Michael Bisaro owners of StraightLine, an independent RIA with more than $1 billion of AUM; Robert Rickey, Chief Growth Officer at StraightLine and former Managing Director of Advisor Services for TIAA.

BlueWave: $118.2 Million In Debt & Tax Equity Raised

By Amit Chowdhry ● Feb 21, 2025

BlueWave, a leading solar developer, owner, and operator in the Northeast U.S., announced a new major financing round to support its community solar portfolio in Maine. The $118.2 million in financing includes a debt raise of $48.2 million with City National Bank and a tax equity raise of $70 million with First American Commercial Bancorp. The funding will support equipment and infrastructure across four community solar project sites.

Sunco Foods: Investment Raised From Fulcrum Capital Partners

By Amit Chowdhry ● Feb 21, 2025

Fulcrum Capital Partners, a leading Canadian private equity firm focused on the mid-market, announced its investment in Sunco Foods. The company manufactures nut-based butters, snacks, and value-added food ingredients. It also imports, processes, and distributes organic and naturally sourced nuts, seeds, dried fruits, grains, and legumes.

Wall Street Prep: Funding Raised From The Riverside Company

By Amit Chowdhry ● Feb 21, 2025

The Riverside Company, a global investment firm focused on the smaller end of the middle market, announced an investment in Wall Street Prep (WSP), a leading global provider of financial training solutions and certifications with over 300 corporate clients, 150 university partners and 500,000 learners. And Riverside acquired WSP from Eden Capital, which invested in the company in 2021.

Red Arts Capital: Chris Hull Promoted To Principal

By Amit Chowdhry ● Feb 21, 2025

Red Arts Capital, a leading investment firm specializing in supply chain-related and logistics businesses, announced the promotion of Chris Hull from Vice President to Principal.

Fortress Investment Group: £354 Million Acquisition Of Loungers Completed

By Amit Chowdhry ● Feb 21, 2025

Fortress Investment Group announced that funds managed by its affiliates completed the acquisition of Loungers for £354.4 million. The deal became effective in accordance with its terms, and the entire issued and to-be-issued share capital of Loungers is now owned by affiliates of Fortress funds.

Restrata: Operational Resilience Software Company Raises Funding From Scottish Equity Partners

By Amit Chowdhry ● Feb 21, 2025

Restrata, an operational resilience software and service provider to global enterprises, including some of the world’s largest energy and industrial companies, announced it raised investment from Scottish Equity Partners (SEP) to meet growing market demand.

Rhapsody: Interview With CEO Sagnik Bhattacharya About The Digital Health Enablement Company

By Amit Chowdhry ● Feb 20, 2025

Rhapsody is a digital health enablement platform company with expertise in healthcare integration, identity management, and clinical terminology. Pulse 2.0 interviewed Rhapsody CEO Sagnik Bhattacharya to learn more about the company.

Accenture To Buy Germany-Based Management Consulting Firm Staufen

By Amit Chowdhry ● Feb 20, 2025

Accenture has agreed to acquire Staufen, a Germany-based management consulting firm, and its subsidiaries. The deal will expand Accenture’s capabilities in driving operational competitiveness in manufacturing and supply chains, particularly for clients in discrete manufacturing industries, including automotive, aerospace and defense, industrial goods, and medical equipment.

TE Connectivity Buying Richards Manufacturing In $2.3 Billion Deal

By Amit Chowdhry ● Feb 20, 2025

TE Connectivity, a leader in connectors and sensors, announced it has entered into a definitive agreement to buy Richards Manufacturing Co. from funds managed by Oaktree Capital Management and members of the Bier family, long-standing owners and leaders of the business.

nCino Buying Sandbox Banking In Approximate $52.5 Million Deal

By Amit Chowdhry ● Feb 20, 2025

nCino, a leading provider of intelligent and best-in-class banking solutions, announced the acquisition of Sandbox Banking, a digital transformation leader serving the financial services industry. This deal strengthens nCino's ability to enhance data connectivity and streamline operations for banks and credit unions through a leading Integration Platform as a Service (iPaaS) solution for a more intelligent technology platform.

Fox Corporation Buying Red Seat Ventures

By Amit Chowdhry ● Feb 20, 2025

Fox Corporation announced its acquisition of Red Seat Ventures, which is a leading business in the creator economy powering talent across a range of genres as they build their direct-to-consumer media businesses. Red Seat Ventures will be operating as a standalone entity within FOX's Tubi Media Group. And Paul Cheesbrough, CEO of Tubi Media Group, assumes the role of Chairman, Red Seat Ventures.

LegalZoom Buying Formation Nation To Expand Portfolio Of Small Business Solutions

By Amit Chowdhry ● Feb 20, 2025

LegalZoom - a leading online platform for legal services - announced it acquired small business services company Formation Nation. Formation Nation offers services ranging from white-glove business formation and compliance offerings under its Nevada Corporate Headquarters (NCH) business to low-cost business formations under its flagship Inc Authority brand.

Columbus McKinnon Combining With Kito Crosby In $2.7 Billion Deal

By Amit Chowdhry ● Feb 20, 2025

Columbus McKinnon—a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling—announced a definitive agreement under which it will acquire Kito Crosby from funds managed by leading global investment firm KKR in an all-cash transaction valued at $2.7 billion, subject to customary post-closing purchase price adjustments. The company expects the deal to close later this calendar year, subject to regulatory approvals and satisfactory completion of customary closing conditions.

Duravant To Buy Food Processing And Handling Automation Solutions Company Pattyn

By Amit Chowdhry ● Feb 20, 2025

Duravant, a global engineered equipment and automation solutions provider to the food processing, packaging, and material handling sectors, announced that it entered into a definitive agreement to acquire the Pattyn Group, a designer and manufacturer of automation systems specializing in B2B packaging. And Pattyn is recognized as the premier leader in delivering comprehensive automation solutions and services for bag-in-box packaging applications.

TASKING Buying Code Analysis Platform LDRA

By Amit Chowdhry ● Feb 20, 2025

TASKING announced the acquisition of 100% of LDRA, which is a provider of software tools for code analysis and software testing for safety-, mission-, security-critical markets. And LDRA has been a privately owned company with a team of over 100 employees distributed across the UKS (headquarters), US, India and Germany.

SingleFile: $9 Million (Series A) Raised For Legal & Compliance Technology

By Amit Chowdhry ● Feb 20, 2025

SingleFile, a leading innovator in legal & compliance tech, announced the completion of its Series A funding round at $9 million. This milestone brings the company's total funding to over $24 million since its founding in 2019 and $15 million in the past year, positioning SingleFile for continued growth and innovation.

Lumotive: $45 Million (Series B) Raised For Programmable Optical Semiconductor Products

By Amit Chowdhry ● Feb 20, 2025

Lumotive, a leader in programmable optical semiconductor products, announced it has closed a $45 million Series B funding round to accelerate sales growth of its groundbreaking Light Control Metasurface (LCM) technology. This oversubscribed round included new investors Swisscom Ventures, East Bridge, EDOM, Grazia, Hokuyo Inc. and TSVC, and support from existing investors such as Gates Frontier, MetaVC Partners, Quan Funds, USAA, and HiMax.