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Banner Ridge Partners: Strategic Growth Investment Raised From Strategic Capital Group

By Annie Baker ● Feb 5, 2024

Banner Ridge Partners - a $7.3 billion private markets investment specialist - announced that Investcorp’s Strategic Capital Group (ISCG) made a growth investment in the Firm. The financial terms of the transaction were not disclosed.

Procyrion Raises $57.7 Million To Improve Outcomes For Patients With Cardiac Impairment

By Amit Chowdhry ● Feb 5, 2024

Procyrion - a medical device company dedicated to improving outcomes for patients with cardiac and renal impairment - announced the completion of a $57.7 million Series E funding round, including the conversion of $10 million of interim financing.

Baker Tilly: Strategic Investment Led by Hellman & Friedman

By Amit Chowdhry ● Feb 5, 2024

CPA firm Baker Tilly US, LLP announced a strategic investment from private equity firms Hellman & Friedman (H&F) and Valeas Capital Partners. This investment - which is estimated to close in early June 2024 - recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the US CPA sector to date.

Arthur J. Gallagher Buys The John Galt Insurance Agency: Details

By Annie Baker ● Feb 5, 2024

Arthur J. Gallagher & Co. has announced the acquisition of Fort Lauderdale, Florida-based John Galt Commercial Insurance Agency and John Galt Insurance Agency (collectively referred to as The John Galt Insurance Agency). The terms of the deal were not disclosed.

StatusPRO: Sports Tech And Gaming Company Raises $20 Million In Round Led By GV

By Amit Chowdhry ● Feb 5, 2024

StatusPRO - a sports technology and gaming company that uses real-time player data to create authentic extended reality experiences - announced $20 million in new funding, one of the largest Series A of any VR gaming company to date, led by GV (Google Ventures).

Why Autodesk Is Buying PIX Of X2X

By Noah Long ● Feb 5, 2024

Autodesk recently announced it has agreed to acquire the PIX business of X2X. PIX is a production management platform for secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process.

Vektor Medical: AI-Based Arrhythmia Analysis Technology Company Raises $16 Million

By Annie Baker ● Feb 5, 2024

Vektor MedicalVektor Medical - a pioneer in non-invasive and AI-based arrhythmia analysis technology - announced a $16 million Series A investment co-led by Solas BioVentures and TVM Capital Life Science. This funding round underscores investor confidence in Vektor’s vision to execute its mission to revolutionize arrhythmia care successfully.

Navigate: How This Company Is Building More Intelligent Maps

By Amit Chowdhry ● Feb 5, 2024

Navigate is a company that is building an intelligent map that will offer everyone better data faster. Pulse 2.0 interviewed Navigate AI and Blockchain Specialist to learn more about the company.

Pickle: How This Company Helps People Make Money From Items In Their Closet

By Amit Chowdhry ● Feb 5, 2024

Pickle is a leading peer-to-peer rental marketplace, making items from your community’s closets available for rent on demand. Pulse 2.0 interviewed Pickle co-founder and CEO Brian McMahon to learn more about the company.

Rite Aid Completes The Sale Of Elixir Solutions To MedImpact For About $576.5 Million

By Annie Baker ● Feb 5, 2024

Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for about $576.5 million.

Rivia Health: Healthcare Revenue Cycle Management Company Raises $3.25 Million

By Annie Baker ● Feb 5, 2024

Rivia Health (a revenue cycle management solution for healthcare provider organizations) announced a $3.25 million Series Seed funding round led by PHX Ventures. The new funding round will be used to expand Rivia Health's patient payment solution and enter new markets across the country.

Why Acerinox Is Buying Haynes International For $970 Million

By Noah Long ● Feb 5, 2024

Acerinox (a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys) announced that it has entered into a definitive agreement under which Acerinox’s wholly-owned U.S. subsidiary – North American Stainless (NAS) will acquire Haynes International, a U.S. leading developer, manufacturer, and marketer of technologically advanced high-performance alloys, in an all-cash transaction.

AnswerRocket: How This Company Helps Businesses Uncover Insights From Enterprise Data

By Amit Chowdhry ● Feb 5, 2024

AnswerRocket is a Gen AI analytics platform that helps business users uncover insights from their enterprise data. Pulse 2.0 interviewed AnswerRocket co-founder Mike Finley to learn more about the company.

Novo Holdings Buying Catalent In A $16.5 Billion Deal

By Amit Chowdhry ● Feb 5, 2024

Catalent (a leader in enabling the development and supply of better treatments for patients worldwide) and Novo Holdings (a holding and investment company that is responsible for managing the assets and wealth of the Novo Nordisk Foundation) announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis.

Styra: How This Company Is Building Policy As Code For Cloud Native Security

By Amit Chowdhry ● Feb 5, 2024

Styra is a company that has built policy as code for cloud-native security from the creators and maintainers of Open Policy Agent (OPA). Pulse 2.0 interviewed Styra co-founder and CTO Tim Hinrichs to learn more about the company.

p0 Emerges From Stealth With $6.5 Million In Funding

By Amit Chowdhry ● Feb 3, 2024

p0 recently launched from stealth and announced that it has raised $6.5 million from Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures.

Meteomatics Raises Strategic Investment From Lockheed Martin Ventures

By Amit Chowdhry ● Feb 3, 2024

Weather intelligence and technology company Meteomatics enables the world’s leading companies to forecast the weather’s impact on business accurately and the company announced the closing of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation.

MYAVANA: Partnership With Ulta Beauty And Strategic Investment From Prisma And BrainTrust

By Noah Long ● Feb 3, 2024

MYAVANA - a beauty-tech company founded by black female tech entrepreneur Candace Mitchell Harris - announced a new experiential partnership with Ulta Beauty, with strategic investments from Prisma Ventures, the beauty retailer's digital innovation fund, and the BrainTrust Fund.

Harbor: Infant Care Technology Company Raises $3.7 Million

By Amit Chowdhry ● Feb 3, 2024

Harbor - a company in infant care technology - announced the completion of a $3.7 million seed round led by Trust Ventures joined by Morrison Seger and Capital Factory. This funding round follows Trust Ventures pre-seed investment in September 2022.

Hildene Capital: $318.4 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Feb 3, 2024

Hildene Capital Management, LLC - a $14.7 billion credit-focused asset manager - announced the completion of CROSS 2024-H1, a $318.4 million securitization backed by non-qualified residential mortgage (non-QM) loans originated by CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S.

Anaergia Closes First Tranche Of Strategic Investment

By Noah Long ● Feb 3, 2024

Anaergia - a global renewable fuels leader - announced that the first tranche of the previously announced equity investment of C$40.8 million from Marny Investissement SA has closed with the issuance of 31.25 million units of the company for gross proceeds of C$12.5 million, immediately following entry by the parties into an amendment agreement.

Pivot Bio And Iowa State University Partnering On Center For Sustainable Agriculture

By Amit Chowdhry ● Feb 3, 2024

Sustainable agriculture company Pivot Bio opened its new 36,000-square-foot Customer Success Center in the heart of the Iowa State University Research Park this week. And this facility underscores the company's commitment to developing microbial nitrogen solutions that allow farmers to reduce their reliance on synthetic fertilizers.

Why BAE Systems Is Buying Malloy Aeronautics

By Annie Baker ● Feb 3, 2024

BAE Systems announced it is buying Malloy Aeronautics, a leading company in innovative heavy-lift drone and aeronautical technologies. And Malloy Aeronautics designs and supplies all-electric uncrewed aerial systems (UAS) to civil and military customers. And its range of uncrewed, heavy-lift quadcopters can lift payloads from 68kg to 300kg over short to medium-range missions.

Steinbridge Group Investing About $40 Million In Virginia Union University

By Amit Chowdhry ● Feb 3, 2024

Virginia Union University announced that impact investing firm Steinbridge Group will invest about $40 million to enable Virginia Union to unlock the value of its 100-acre real estate holdings in Richmond’s North Side. This investment will empower the University to develop underutilized parcels of land for commercial and residential uses.

Second Avenue Capital Providing Brixton With New $15 Million Credit Facility

By Annie Baker ● Feb 3, 2024

Schottenstein affiliate Second Avenue Capital Partners (SACP) (a leading provider of asset-based loans and credit facilities) announced it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand based in Oceanside, California. This credit facility will be instrumental in optimizing Brixton's working capital and fueling its continued growth in the competitive fashion industry.

Why Guardian Capital Is Buying Sterling Capital Management

By Noah Long ● Feb 3, 2024

Guardian Capital Group Limited announced that it has agreed that Guardian’s wholly-owned subsidiary, Guardian Capital LLC, will acquire Sterling Capital Management from Truist Financial Corporation. Based in Charlotte, North Carolina, Sterling traces its origins as an independent investment manager to 1970.

Cohere Health: Clinical Intelligence And Prior Authorization Automation Company Raises $50 Million

By Amit Chowdhry ● Feb 2, 2024

Cohere Health - a leader in clinical intelligence and prior authorization automation - announced it has closed $50 million in additional equity funding. The funding round was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brought the total raised by Cohere to $106 million. This latest funding round will drive the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform.

The Parking Spot Raises $750 Million Debt Financing From Carlyle

By Amit Chowdhry ● Feb 2, 2024

Global investment firm Carlyle announced the closing of a $750 million senior secured debt financing for The Parking Spot, which is the largest near-airport parking company in the United States. And the facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s portfolio consisting of 28 near-airport parking facilities across 18 major US airports in 13 states. Carlyle also served as the sole manager, structuring agent, and ratings advisor for the transaction.

CARPL: Enterprise Imaging AI Marketplace Platform Raises $6 Million

By Annie Baker ● Feb 2, 2024

CARPL - an enterprise imaging AI marketplace platform - has announced a $6 million funding round to enable healthcare providers to access, assess and integrate these radiology AI applications into their clinical workflows through a single user-interface, single data channel and single procurement system.

Why Valsoft Is Buying Easy Employer

By Noah Long ● Feb 2, 2024

Valsoft Corporation - a Canadian company specializing in acquiring and developing vertical market software businesses - announced the acquisition of Easy Employer. This industry leader company offers staff management, time and attendance, rostering, timesheet management, payroll, and award interpretation solutions across several industries in Australia and internationally.