PE Hub
NOVEMBER 17, 2023
The four add-ons are Summit Environmental Technologies, Fremont Analytical, Orange Coast Analytical and Chester LabNet. The post MSCP finds opportunities with environmental labs, scoops up four add-ons to Alliance Technical Group appeared first on PE Hub.
Private Equity Insights
NOVEMBER 17, 2023
GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Cloudbreak Health, LLC (“Cloudbreak” or “the Company”), a leading provider of tech-enabled, healthcare-focused language interpretation services, in a corporate carve-out transaction from UpHealth, Inc. Under the terms of the agreement, the purchase price is $180m , and the transaction is expected to close in the first quarter of 2024 following the receipt of customa
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PE Hub
NOVEMBER 17, 2023
Prior to joining TTDS, Collier spent nearly four years at Nexeo Plastics, most recently as chief commercial officer. The post Gryphon-backed Thermal Technology Distribution Solutions taps Collier as CEO appeared first on PE Hub.
A Wealth of Common Sense
NOVEMBER 17, 2023
I saw a chart this week from Bank of America that more or less sums up my entire investment philosophy: In the long run, stock prices go up. I view the stock market as a way to invest in innovation, profits, progress and people waking up in the morning looking to better their current situation. While I love the fact that this chart illustrates my long-term philosophy it’s a bit misleading.
PE Hub
NOVEMBER 17, 2023
GNW was founded in 2012. The post Bow River and Freedom 3 back Illinois franchise Gas N Wash appeared first on PE Hub.
Financial Times M&A
NOVEMBER 17, 2023
Investor run by former CNN boss offers to help finance deal as German publisher Axel Springer pulls out of auction
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Professional
NOVEMBER 17, 2023
L Squared has held the final closing of its fourth private equity fund with $840 million of capital. The firm’s earlier fund closed in September 2020 with $505 million of capital. L Squared invests from $50 million to $125 million of equity in North America-based companies that have revenues of $20 million to $125 million… This content is for members only.
PE Hub
NOVEMBER 17, 2023
Kulkarni will continue to be based in Seattle, according to a source. The post Permira appoints Kulkarni as senior advisor appeared first on PE Hub.
Private Equity Professional
NOVEMBER 17, 2023
Granite Creek has acquired NYP, a manufacturer and distributor of packaging materials. NYP sources, processes, and distributes a portfolio of textile-based packaging products used in the nursery, agricultural, and industrial markets. NYP’s products include treated and plain burlap bags; wire baskets; twine, rope and strapping; cotton bags; grain and feed bags; emergency sandbags; consumer shopping… This content is for members only.
PE Hub
NOVEMBER 17, 2023
Rodin will continue to hold his existing roles as vice chair and managing director. The post RLH Equity Partners appoints Rodin as CEO appeared first on PE Hub.
Financial Times - Banking
NOVEMBER 17, 2023
Kate Shiber says Centerview Partners improperly fired her over sleep requirements necessitated by mental illness
PE Hub
NOVEMBER 17, 2023
Private equity goes bullish over clinical trials. The post MSCP-backed Alliance Technical Group closes four more add-ons; plus 10 PE-backed CRO deals appeared first on PE Hub.
FinSMEs
NOVEMBER 17, 2023
Workshop, an Omaha, NE-based provider of an email platform for internal communications, raised $12M in Series A funding. The round was led by McCarthy Capital with participation from Ludlow Ventures and M25. The company intends to use the funds to accelerate the innovation of its solution for internal email, recruit additional talent for the engineering […] The post Workshop Raises $12M in Series A Funding appeared first on FinSMEs.
PE Hub
NOVEMBER 17, 2023
The purchase price is $180 million. The post GTCR to buy Cloudbreak Health appeared first on PE Hub.
FinSMEs
NOVEMBER 17, 2023
Inclusively, a New Orleans, LA-based workforce inclusion platform, raised $13M in Series A funding. The round was led by Firework Ventures, with participation from existing investors, including Benson Capital. The company intends to use the funds to accelerate access to its new workplace personalization platform, Retain, meeting growing need for flexibility and accommodations.
PE Hub
NOVEMBER 17, 2023
The financing was also used to support the ongoing operations of the business. The post Comvest Credit Partners supports Authentic Restaurant Brands’ take-private Fiesta Restaurant Group buyout appeared first on PE Hub.
FinSMEs
NOVEMBER 17, 2023
Ingenious.Build, a Nashville, TN-based technology company specializing in project management software for real estate development and construction, raised $37M in Series A funding. The round was led by Morpheus Ventures and Navitas Capital alongside Koch Real Estate Investments, with participation from American Family Ventures, JLL Spark Global Ventures and Crow Holdings.
PE Hub
NOVEMBER 17, 2023
Michael Shedosky joins as a managing director and co-CIO while Brian Farrell is coming on as an executive director. The post Shedosky and Farrell join Azimut Alternative Capital Partners in senior roles appeared first on PE Hub.
FinSMEs
NOVEMBER 17, 2023
Forward, a San Francisco, CA-based company using sensors, mobile, and AI to improve healthcare, raised $100M in growth funding. Backers included Khosla Ventures, Founders Fund, Samsung Next, Abu Dhabi Investment Authority, and Softbank, Eric Schmidt (former CEO and Chairman of Google), John Giannandrea (SVP of Artificial Intelligence at Apple), Demis Hassabis (cofounder of DeepMind), Mustafa Suleyman (cofounder of DeepMind and Inflection AI).
PE Hub
NOVEMBER 17, 2023
Also, Bryan Crowley was named by G FUEL as the company’s new CEO. The post Kingswood Capital and First Bev invests in energy drinks brand G FUEL appeared first on PE Hub.
Financial Times M&A
NOVEMBER 17, 2023
The deal would value the Premier League football club at about $5.
Private Equity Professional
NOVEMBER 17, 2023
Gridiron Capital has promoted Chris King, Doug Rosenstein, and Brad Skaf to managing director. Messrs. King, Rosenstein, and Skaf all joined Gridiron immediately following business school as senior associates in 2015 and 2016 and are active at the firm with new investment opportunities, due diligence, and value creation at portfolio companies. “We are excited to… This content is for members only.
Private Equity Wire
NOVEMBER 17, 2023
HSBC Asset Management (HSBC AM) has launched the sixth vintage of its Vision Private Equity strategy as part of its annual programme offering exposure to a globally diversified portfolio by geography, sector and strategy. The launch builds on the success of Vision Private Equity 2023, which closed in early 2023 with $606.5m in client commitments. Since inception in 2019, the Vision programme has raised aggregated capital commitments of over $1.9bn globally from international investors, including
Private Equity Professional
NOVEMBER 17, 2023
Lincoln Road has acquired Silversand Services and SLI Landscape, providers of commercial landscaping services in the Houston metropolitan area. Silversand’s and SLI’s services include landscaping, irrigation management, tree care, interior plant care and holiday decoration services. Silversand was founded in 1983 and SLI was founded in 2003. In March 2023, Lincoln Road acquired Zodega Landscaping,… This content is for members only.
Private Equity Wire
NOVEMBER 17, 2023
BV Investment Partners (BV), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, has invested in CallTower, a specialist in cloud-based enterprise-class communications, contact centre and collaboration solutions. Founded in 2002, CallTower provides global enterprise cloud communications and collaboration solutions on several platforms including Microsoft Teams, Zoom, Cisco Webex, Five9, and serves over a million end points covering
AltAssets
NOVEMBER 17, 2023
Cybersecurity-focused Ballistic Ventures is eyeing up to $300m for its second flagship fundraise, just a year after launching its debut fund targeting the same amount. The post Ballistic Ventures rockets forward with second $300m fund first appeared on AltAssets Private Equity News.
Private Equity Wire
NOVEMBER 17, 2023
Private equity firm Arctos Partners has acquired a minority stake in AMR Holdings GP Ltd, the owner of the Aston Martin F1 team, in a deal that values the business at $1bn, according to a report by The Financial Times. Exact details of the transaction, which is expected to close by the end of the year, have not been disclosed. According to a statement, Arctos Partners will provide Aston Martin with “deep sports industry knowledge, and a robust network of influential relationships to support its
AltAssets
NOVEMBER 17, 2023
New-York Work-Bench Ventures, which targets seed-stage enterprise startups, is aiming to raise up to $125m for its fourth flagship fund. The post Work-Bench races back to fundraising, eyes up to $125m for fourth flagship fund first appeared on AltAssets Private Equity News.
Integrity Financial Planning
NOVEMBER 17, 2023
In a time when computers and online platforms dominate our leisure time, revisiting classic board games like Scrabble, Rummikub, and Clue can offer a refreshing change of pace and a great way to unplug for the night. These games, timeless in their appeal, provide not just entertainment but also a way to stimulate the mind and foster social connections.
AltAssets
NOVEMBER 17, 2023
Boston-based venture capital firm Material Impact has closed its third flagship fund at $352m, aiming to support material science innovations that will make the world “cleaner, more productive and healthier”. The post Material Impact secures $352m for deep tech innovation first appeared on AltAssets Private Equity News.
Private Equity Wire
NOVEMBER 17, 2023
Waning investor appetite in the current challenging fundraising environment has prompted US private investment major the Carlyle Group to lower the target for its latest pan-Asia private equity fund by at least 30%, according to a report by Reuters. The report cites three people with knowledge of the matter as revealing that Carlyle has raised less then $3bn so far for the fund, which had an original target of $8.5bn, with the firm now setting its sights on a $6bn final close.
AltAssets
NOVEMBER 17, 2023
Investors' growing appetite for private equity continues to increase according to new data from Montana Capital Partners, despite a slackening of distributions back to LPs. The post Investor appetite for PE rises again despite distributions slowdown first appeared on AltAssets Private Equity News.
Private Equity Wire
NOVEMBER 17, 2023
Venture capital firm Menlo Ventures has raised $1.35bn in new capital that will be invested by the firm’s flagship venture fund Menlo XVI and Menlo Inflection III and affiliated funds, in promising AI technology companies. Founded in 1976, Menlo Ventures has earned a reputation as an expert early-stage investor known for making bets on Uber, Roku, and Siri long before they became household names.
AltAssets
NOVEMBER 17, 2023
Panasonic Holdings is in talks to sell a stake in its automotive systems business to Apollo Global Management. Panasonic is also considering a public listing for the unit, which makes cockpit and electronics systems. The Apollo deal is expected to be finalised by the end of March next year. GTCR has agreed to buy Cloudbreak […] The post AltAssets private equity deal roundup – November 17, 2023 first appeared on AltAssets Private Equity News.
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