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EP Wealth Advisors Acquiring $1.6 Billion Advisory Firm Executive Wealth Management

By Amit Chowdhry ● Jan 9, 2025

EP Wealth Advisors - a leading fee-only registered investment adviser (RIA) with a growing national footprint - has announced the acquisition of Executive Wealth Management (EWM) in Michigan. This partnership establishes EP Wealth’s first offices in Michigan. It strengthens the firm’s presence in the Midwest while adding approximately $1.6 billion in assets under management (AUM) and bringing EP’s total AUM to over $31 billion.

Renaissance Buying Business Of Consolidated Insurance Agents

By Amit Chowdhry ● Jan 9, 2025

Renaissance, a premier network of independent insurance agencies, announced it has acquired the agency network business of Consolidated Insurance Agents (CIA), an agency group based in Buffalo, N.Y. And the arrangement gives CIA’s 23 members – collectively representing $47 million in premium – the opportunity to utilize the benefits that help Renaissance’s members improve their agency efficiency, drive revenue, and increase profitability.

CoreLogic Buying Construction-Focused Technology Company Prime Ecosystem

By Amit Chowdhry ● Jan 9, 2025

CoreLogic, a leader in property information, analytics, and data-enabled solutions, announced the acquisition of Prime Ecosystem, a prominent technology firm specializing in construction, restoration, and maintenance management platforms in Australia.

Ault & Company Acquiring Increased Majority Stake In Hyperscale Data

By Amit Chowdhry ● Jan 9, 2025

Ault & Company announced that it had increased its controlling stake in Hyperscale Data, a diversified holding company transitioning to becoming solely an owner and operator of data centers to support high-performance computing services.

Micron Biomedical: $43 Million In Total Grant Support Raised To Improve Coverage Of Measles And Rubella Vaccine

By Amit Chowdhry ● Jan 9, 2025

Micron Biomedical, a life science company developing the world’s first needle-free technology for drugs and vaccines based on dissolvable microarrays, announced the company secured a $7.5 million grant from the Bill & Melinda Gates Foundation that brings total grant funding from the organization to $43 million.

Gain Therapeutics Appoints Gene Mack As CEO And Director

By Amit Chowdhry ● Jan 9, 2025

Gain Therapeutics - a clinical-stage biotechnology company leading the discovery and development of the next generation of allosteric small molecule therapies - announced that Gene Mack, who has served as the company’s Chief Financial Officer since April 2024 and interim CEO since June 2024, has been appointed President and Chief Executive Officer. Mack has also been appointed as a member of the company’s Board of Directors.

Innovaccer: Healthcare AI Company Raises $275 Million (Series F)

By Amit Chowdhry ● Jan 9, 2025

Innovaccer - a leading healthcare AI company - announced a $275 million Series F funding round. This round was a combination of primary and secondary and included participation from B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12.

Hippocratic AI: Healthcare LLM Company Raises $114 Million (Series B) At $1.64 Billion Valuation

By Amit Chowdhry ● Jan 9, 2025

Hippocratic AI (see Pulse 2.0 profile here), the company that pioneered the first healthcare LLM for patient-facing non-diagnostic clinical tasks, announced that the company completed its series B financing round only nine months after its series A. The series B raised $141 million, valuing the company at $1.64 billion. The funding round was led by Kleiner Perkins. They were joined by existing investors: A16z, General Catalyst, Premji, NVIDIA, SV Angel, Universal Health Services (UHS), and WellSpan Health, which all participated at or above pro-rata.

DesignRush: Interview With General Manager Gianluca Ferruggia About The B2B Marketplace

By Amit Chowdhry ● Jan 9, 2025

DesignRush is a B2B marketplace that connects businesses with professionals categorized according to the type of work. Pulse 2.0 interviewed DesignRush General Manager Gianluca Ferruggia to learn more about the company.

Getty Images And Shutterstock Merging In $3.7 Billion Deal

By Amit Chowdhry ● Jan 9, 2025

Getty Images and Shutterstock announced that they entered into a definitive merger agreement to combine in a merger of equals transaction, creating a premier visual content company. This combined company, which would have an enterprise value of approximately $3.7 billion, will be named Getty Images Holdings and will continue to trade on the New York Stock Exchange under the ticker symbol GETY.

Giftly: Interview With CEO Tim Bentley About The Consumer-Centric Gift Card Company

By Amit Chowdhry ● Jan 9, 2025

Giftly is a rapidly growing consumer-centric gift card company. Pulse 2.0 interviewed Giftly CEO Tim Bentley to learn more about the company.

Mercer Advisors Expanding In Georgia By Acquiring Edward Vance Investment Management

By Amit Chowdhry ● Jan 9, 2025

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of Edward Vance Investment Management, an investment advisory and financial planning firm. This acquisition strengthens Mercer Advisors’ presence in Georgia, where Mercer Advisors has grown client assets from about $550 million in 2017 to over $4.5 billion now.

1Password Buying SaaS Access Management Company Trelica

By Amit Chowdhry ● Jan 9, 2025

Identity security company 1Password announced the acquisition of Trelica, a modern SaaS access management pioneer. This strategic deal will accelerate the delivery of new capabilities in the 1Password Extended Access Management platform, which secures every sign-in to every app on every device.

Airtasker: Interview With Founder & CEO Tim Fung About The Task Connection Company

By Amit Chowdhry ● Jan 9, 2025

Airtasker is an Australia-based Task marketplace company. Pulse 2.0 interviewed Airtasker founder and CEO Tim Fung to learn more about the company.

Braverman Greenspun Acquires Real Estate Boutique Law Firm Zingman & Associates

By Amit Chowdhry ● Jan 9, 2025

Braverman Greenspun (a leading law firm in condominium, cooperative, and real estate matters in New York for over 50 years) announced that it acquired Zingman & Associates, a real estate boutique law firm with which Braverman Greenspun has a more-than-decade-long association.

Klick Health Acquires Peregrine Market Access

By Amit Chowdhry ● Jan 9, 2025

Klick Health announced it has acquired Peregrine Market Access, which is a leading market access strategy and value communications specialist in life sciences. This acquisition strengthens Klick Health’s position and ongoing investment in the value, access, and reimbursement segments within life sciences commercialization. And Peregrine builds on Klick’s proven market access execution capabilities with its industry-leading access strategy, value communications, and payer insights offerings.

Ryan Specialty To Buy Velocity Risk Underwriters

By Amit Chowdhry ● Jan 9, 2025

Ryan Specialty (a leading international specialty insurance firm) has signed a definitive agreement to acquire Velocity Risk Underwriters from funds managed by Oaktree Capital Management. Based in Nashville, Tennessee, Velocity is a leading managing general underwriter (MGU) providing first-party insurance coverage for catastrophe-exposed properties. It will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty.

Zenity: Interview With CEO Ben Kliger About The AI Agent Security Company

By Amit Chowdhry ● Jan 9, 2025

Zenity is a leader in helping enterprises secure and govern AI agents. Pulse 2.0 interviewed Zenity CEO Ben Kliger to learn more about the company.

Evergreen Nephrology: Kidney Care Company Raises $130 Million

By Amit Chowdhry ● Jan 9, 2025

Evergreen Nephrology, a leader in value-based kidney care, announced it has raised $130 million in capital to expand its care model to more patients living with kidney disease. This funding was led by Rubicon Founders, Oak HC/FT and a group of existing investors, with the addition of K2 HealthVentures.

NXP Semiconductors To Buy TTTech Auto In $625 Million Deal

By Amit Chowdhry ● Jan 9, 2025

NXP Semiconductors - a leader in automotive processing and networking - announced that it has entered into a definitive agreement to buy TTTech Auto in an all-cash transaction valued at $625 million. TTTech Auto (based in Vienna, Austria) is a leader in safety-critical systems and middleware for software-defined vehicles (SDVs).

Phillips 66 Buying EPIC NGL In $2.2 Billion Deal

By Amit Chowdhry ● Jan 9, 2025

Phillips 66 announced that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. And upon the closing of the deal, this transaction is expected to be immediately accretive to earnings per share.

FreeOx: Interview With CEO Emmett-Phil Coriat About The AIS-Focused Biotech Company

By Amit Chowdhry ● Jan 9, 2025

FreeOx is a pioneering late-stage clinical biotechnology company focused on transforming acute ischemic stroke (AIS) management. And the company’s mission is to improve outcomes for stroke patients through the discovery and development of Cerebrovascular Protective Therapeutics. Pulse 2.0 interviewed FreeOx CEO Emmett-Phil Coriat to learn more about the company.

DDN: AI And Data Intelligence Solutions Company Raises $300 Million At $5 Billion Valuation

By Amit Chowdhry ● Jan 9, 2025

DDN, a leader in AI and data intelligence solutions, announced it has received a $300 million investment from funds managed by Blackstone Tactical Opportunities at a $5 billion valuation. This investment will help fund DDN’s continued rapid growth as it serves its customers’ fast-expanding AI and high-performance computing (HPC) software and infrastructure needs.

OnPay: Benefits Solution Company Raises Over $100 Million

By Amit Chowdhry ● Jan 9, 2025

OnPay, a leading provider of payroll, HR, and benefits solutions, announced that it has secured over $100 million in funding. This funding consists of a $63 million Series B funding round led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, and existing investors, and a debt facility provided by MC Credit Partners.

Sleep Cycle: Interview With CEO Erik Jivmark About The Sleep Tracking Company

By Amit Chowdhry ● Jan 9, 2025

Sleep Cycle is a company that aims to offer everyone an affordable and easy-to-use tool to track sleep, get to know personal sleep patterns, and learn what affects positive sleep trends. Pulse 2.0 interviewed Sleep Cycle CEO Erik Jivmark to learn more about the company.

Crestline Investors: $1 Billion Middle Market CLO Closed

By Amit Chowdhry ● Jan 9, 2025

Crestline Investors - a global alternative investment manager - announced that it has closed Crestline Direct Lending CLO I, LLC, a $1 billion collateralized loan obligation (Crestline CLO). And this CLO represents one of the most significant new issue middle-market CLOs of 2024, which reaffirms Crestline’s position and expertise within middle-market direct lending.

Citrin Cooperman To Raise Investment From Blackstone

By Amit Chowdhry ● Jan 9, 2025

Citrin Cooperman Advisors - a premier tax, advisory, and accounting provider for private middle-market businesses and high-net-worth individuals - announced a definitive agreement for a significant investment from private equity funds managed by Blackstone. Blackstone is acquiring its stake in the firm from New Mountain Capital as part of the transaction.

Planet DDS: Interview With CEO Eric Giesecke About The Dental Practice Management Company

By Amit Chowdhry ● Jan 9, 2025

Planet DDS is a leader in transforming dental practice management. Pulse 2.0 interviewed Planet DDS CEO Eric Giesecke to learn more about the company.

Tribble: Interview With Co-Founder & COO Ray Shipley About The AI-Native Enterprise Company

By Amit Chowdhry ● Jan 9, 2025

Tribble is an AI-native enterprise dedicated to optimizing go-to-market operations. Pulse 2.0 interviewed Tribble co-founder and Chief Operating Officer (COO) Ray Shipley to learn more about the company.

Stellar: AI-Based Business Solutions Company Raises $2.7 Million (Seed)

By Amit Chowdhry ● Jan 9, 2025

Stellar, a leader in AI-based business solutions, announced that it has raised $2.7 million in a seed funding round. This funding round was led by Ground Game, with additional participation from Elevate Ventures, a leading seed and early-stage investor in the Great Lakes Region. Ground Game and Elevate Ventures joined as new investors in the oversubscribed seed round.