Private Equity

Littlejohn Capital: Carl Schlotman Promoted To Principal

By Amit Chowdhry ● May 1, 2024

Littlejohn Capital, a lower middle market investor and the family office of Angus C. Littlejohn Jr., announced the promotion of Carl R. Schlotman IV to Principal. Schlotman joined Littlejohn Capital in 2018 as a Senior Associate and was named Vice President in 2021.

Edmunds GovTech Raises Significant Growth Investment From TA

By Amit Chowdhry ● May 1, 2024

Edmunds GovTech (EGT), a leading provider of ERP software solutions to local government, announced a significant growth investment from TA Associates (a leading global private equity firm). LLR Partners, which originally partnered with EGT in 2018, will continue to invest in the company.

Mayfair Equity Partners: Two New Partners And Team Promotions

By Amit Chowdhry ● May 1, 2024

Mayfair Equity Partners, a technology and consumer investor with over £2 billion in assets under management, announced three promotions, including the appointment of two new Partners and the creation of a new senior data role focused on scaling the firm’s capabilities. This role will report directly to Daniel Sasaki, Mayfair’s Managing Partner.

VisionSafe: Strategic Investment Raised From The Stephens Group

By Amit Chowdhry ● Apr 30, 2024

The Stephens Group has completed a significant strategic investment in VisionSafe designed to accelerate the business' growth. This funding highlights Stephens Group’s continued interest in supporting businesses providing highly engineered, mission-critical systems and components for aerospace and defense applications. The Company will serve as a new Stephens Group platform.

Allegiance Mobile Health: Debt And Equity Raised From Brightwood Capital

By Amit Chowdhry ● Apr 30, 2024

Allegiance Mobile Health, the largest private Texas-based provider of medical transportation and 911 emergency services, and Brightwood Capital Advisors (a private credit firm with over $5 billion in assets under management), announced that Brightwood provided AMH with debt and equity financing to support the company’s growth strategy.

Quinbrook: £120 Million In Debt Financing Closed For 5 Synchronous Condenser Projects

By Amit Chowdhry ● Apr 30, 2024

Quinbrook Infrastructure Partners, a specialist global investment manager focused on the infrastructure needed for the energy transition, announced it has closed £120 million in new debt financing for a portfolio of 5 synchronous condenser projects. And this is the first portfolio financing of synchronous condensers awarded contracts in Phases I and II of National Grid’s Stability Pathfinder Programme.

Private Equity Firm Borgman Capital Acquiring Buck Bone Organics

By Amit Chowdhry ● Apr 29, 2024

Decarbonization Partners: $1.4 Billion Closed For Partners Fund I

By Amit Chowdhry ● Apr 29, 2024

Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation companies that support the acceleration of decarbonization and the transition to a net-zero economy, announced the final closing of $1.4 billion for its inaugural late-stage venture capital and growth private equity investment fund, The Decarbonization Partners Fund I. This surpasses the fundraising target of $1 billion.

Blackstone Buying Tropical Smoothie Cafe From Levine Leichtman Capital Partners

By Amit Chowdhry ● Apr 28, 2024

Blackstone announced this week that its private equity funds, managed by the firm, have entered into a definitive agreement to acquire Tropical Smoothie Cafe, a leading franchisor of fast-casual restaurants, from Levine Leichtman Capital Partners.

GTCR To Buy Wealth Management Tech Platform AssetMark For $2.7 Billion

By Amit Chowdhry ● Apr 27, 2024

AssetMark Financial Holdings (a leading wealth management technology platform for financial advisors) announced that it has signed a definitive agreement to be acquired by GTCR (a leading private equity firm with expertise in financial technology, wealth, and asset management). AssetMark stockholders will receive $35.25 per share in cash, representing a total equity valuation of about $2.7 billion. Under the terms of the deal, GTCR will buy a 100% interest in the company.

Thoma Bravo Acquiring Darktrace For $5.315 Billion

By Amit Chowdhry ● Apr 27, 2024

Thoma Bravo announced it had reached an agreement with the Board of Directors at Darktrace, a global leader in cybersecurity artificial intelligence (AI), to acquire the entire issued and to be issued ordinary share capital of Darktrace in cash.

Baker McKenzie: Leading Transactional Team Joining Firm In LA

By Amit Chowdhry ● Apr 27, 2024

Global law firm Baker McKenzie announced that a leading transactional team will join the firm in Los Angeles, enhancing its M&A, private equity, funds, finance, and transactional tax capabilities. This group includes corporate and tax partners Jennifer Broder, Kimberly Chi, David Goldman, Michael Greaney, Tyler Hilton, Judith Kitano, Kelly Kriebs, David Lee, Brett Rodda, Matthew Schonholz, and Nikole Zoumberakis and a group of associates from Munger, Tolles & Olson (MTO).

LiveMode: Strategic Minority Investment Raised From General Atlantic And XP

By Amit Chowdhry ● Apr 26, 2024

PAI Partners Buying Majority Stake In Audiotonix

By Amit Chowdhry ● Apr 25, 2024

Private equity firm PAI Partners and Ardian (a world-leading investment house) has agreed on a deal for Audiotonix, a global leader in the professional audio mixing console and ancillary products market. Upon the deal's completion, PAI will acquire a majority stake and become the largest shareholder in Audiotonix, with Ardian retaining a minority stake alongside management.

Vestar Capital: $1.2 Billion Continuation Vehicle For Circana Closed

By Amit Chowdhry ● Apr 25, 2024

Leading U.S. middle-market private equity firm Vestar Capital Partners announced the closing of a $1.2 billion single-asset continuation vehicle for its stake in Circana, a leading global advisor on the complexity of consumer behavior. Blackstone Strategic Partners and HarbourVest Partners acted as lead investors in the deal.

Deerpath Capital: 10th CLO Closed At $452.61 Million

By Amit Chowdhry ● Apr 25, 2024

Deerpath Capital Management has announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO this year. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this deal represents the firm's tenth CLO over the past six years. Deerpath Capital is one of the largest customized, cash-flow-based senior debt financing providers to lower-middle market companies across North America.

Paul Hastings Brings In Private Equity Buyout Team For New Boston Office

By Amit Chowdhry ● Apr 24, 2024

Paul Hastings announced it added further strength with a leading private equity team headed by partner Alexander Temel. Temel will serve as global co-chair of the firm’s private equity practice and a founding member of its new Boston office.

AccessHope: $33 Million Secured To Transform How Cancer Expertise Is Delivered

By Amit Chowdhry ● Apr 24, 2024

AccessHope, a company transforming the delivery of leading-edge cancer expertise, announced that it had raised $33 million in a Series B round of funding from the City of Hope, one of the US' largest cancer research and treatment organizations.

Strattam Capital: $308 Million In Capital Commitments Closed

By Amit Chowdhry ● Apr 24, 2024

Strattam Capital, a private equity firm focused on investing in founder-led B2B technology companies, announced the closing of its third flagship fund, Strattam Capital Investment Fund III (SCIF III), with total commitments of $308 million.

The Sterling Group: $3.5 Billion Raised For Oversubscribed Sixth Private Equity Fund

By Amit Chowdhry ● Apr 23, 2024

The Sterling Group, an operationally focused industrial middle market private equity firm, announced the closing of Sterling Group Partners VI, LP. Fund VI exceeded its target of $2.75 billion and was significantly oversubscribed at its hard cap of $3.5 billion. Sterling's previous fund closed in June 2020 with $2 billion in limited partner commitments.

WinWire: Helping Companies With Cloud Migration And Modernization

By Amit Chowdhry ● Apr 22, 2024

WinWire is a company that enables enterprises in the healthcare, software, and digital platforms (ISVs), retail, high-tech, and manufacturing sectors to embark on a transformative digital journey. Pulse 2.0 interviewed WinWire CEO Ashu Goel to learn more about the company.

1WorldSync: How This Product Content Orchestration Company Is Transforming An $8 Billion Market

By Amit Chowdhry ● Apr 22, 2024

1WorldSync is a leader in Product Content Orchestration. And the company simplifies the creation and distribution of impactful content that’s accurate, consistent and relevant everywhere commerce happens. Pulse 2.0 interviewed 1WorldSync chief product officer Randy Mercer to learn more.

Future Business Partnership: An Interview With Co-Founder Vishesh Srivastava

By Amit Chowdhry ● Apr 22, 2024

Future Business Partnership is a focused team of sector specialists working to drive the sustainable transition of the household consumer goods industry. Pulse 2.0 interviewed Future Business Partnership co-founder and managing partner Vishesh Srivastava to learn more about the firm.

Blackstone Makes $1.5 Billion Takeover Bid For Hipgnosis Songs Fund

By Amit Chowdhry ● Apr 21, 2024

Over the weekend, private equity firm Blackstone made a $1.5 billion bid to acquire Hipgnosis Songs Fund. According to the company's website, Hipgnosis Songs Fund features 146 catalogs, 65,413 songs, and 163 Grammy-winning songs. These songs include hits from 50 Cent, Blondie, The Chainsmokers, Chromeo, Enrique Iglesias, Justin Bieber, Justin Timberlake, Kenny Chesney, Mark Ronson, Journey, Neil Young, Nelly, Pusha T, Red Hot Chili Peppers, and Shakira.

GA Drilling: Deep Geothermal Leader Secures $15 Million

By Amit Chowdhry ● Apr 20, 2024

GA Drilling, a leader in deep geothermal, announced the first close of $15 million in funding after successful tests. Investors include Nabors, Christian Oldendorff's new Family Office (alfa8), the previous CEO of private equity firm EQT (Thomas von Koch), newly established geothermal fund Underground Ventures, and Neulogy Ventures.

Arsenal Capital Partners Names Raymond H. Hill As Operating Partner

By Amit Chowdhry ● Apr 20, 2024

Hill was most recently chairman and CEO of CorEvitas. Hill built CorEvitas into an industry leader that provides real-world evidence to assess the safety and clinical effectiveness of therapies in autoimmune and inflammatory-mediated diseases.

Volo Sports Raises Strategic Growth Investment From Manhattan West

By Amit Chowdhry ● Apr 20, 2024

Manhattan West, a strategic investment firm offering an integrated platform of investments and services, announced that Manhattan West Private Equity completed its growth equity investment in Volo Sports (Volo). Launched in 2010 as a 16-person bocce league in Baltimore, Maryland, Volo is the premier provider of community-focused and tech-enabled adult social sports and curated events in major cities across the U.S.

SWTCH Energy: EV Charging Solutions Company Raises $27.2 Million

By Amit Chowdhry ● Apr 19, 2024

SWTCH Energy, a company developing electric vehicle (EV) charging solutions for multi-tenant buildings across North America, announced that it raised $27.2 million in Series B funding. Blue Earth Capital led the funding round on behalf of its investment vehicles, with participation from Alantra’s Energy Transition Fund, Klima.

Keebeck Wealth Management: An Interview With Founder And CEO Bruce K. Lee On Redefining The Investment Landscape

By Amit Chowdhry ● Apr 17, 2024

Keebeck Wealth Management is a registered independent advisory firm (RIA) focused on working with corporate executives, private business owners, entrepreneurs, & their multi-generational families. And Pulse 2.0 interviewed Keebeck Wealth Management founder and CEO Bruce K. Lee to learn more about the firm.

Compass Group Equity Partners: Fund III Closed At Hard Cap Of $408 Million

By Amit Chowdhry ● Apr 16, 2024

Compass Group Equity Partners, a St. Louis-based private equity firm, has closed Compass Group Fund III - hitting a hard cap of $408 million. This is Compass Group's second fundraising effort in the past two years and was achieved through a first and final closing this week after launching fundraising efforts late last year.