L Squared Capital Partners has acquired of Chicago-based Sterling Trading Tech (STT) from LLR Partners and other investors, a SaaS provider of financial technology for the global capital markets.
Technology & software solutions
Macquarie Capital is to sell Dovel Technologies (Dovel) to Guidehouse, a portfolio company of Veritas Capital.
Mainstream Fund Services, a global provider of full-service fund administration, and part of Mainstream Group Holdings Limited (ASX:MAI) (Mainstream), has selected Harmonate to provide private capital data operations.
Factorial, a Barcelona-based HR software company that streamlines people management, has closed an USD80 million Series B funding round led by Tiger Global Management, with participation from previous investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners bringing the total funding amount to USD100 million.
Manchester-based technology business Culture Shift has secured GBP1.5 million investment in a funding round led by Praetura Ventures and Blackfinch Ventures.
Global law firm Paul Hastings has advised Intermediate Capital Group (ICG) on a comprehensive financing package to support its investment in Iver Holding AB alongside management and other shareholders.
Blockchain technology company SIMBA Chain has closed a USD25 million Series A funding round led by Valley Capital Partners.
The increased usage of Artificial Intelligence (AI) in Private Equity (PE) and Venture Capital (VC) will boost the sector’s operational efficiency greatly and transform the ways in which partners perform their work, according to a new study. However, the paper’s author, Professor Thomas Åstebro of HEC Paris Business School, says it will also lead to a technological arms race and cause an eventual 'industry shakeout'.
‘ResTech’ company WALR has acquired technology business QuenchTec.
When it comes to private equity firms and digital transformation, there isn’t much Thomas Ballard, founder of Market Hill, hasn’t seen. Market Hill works alongside private equity firms to maximise portfolio companies’ future valuations, and as the company’s founder and chief commercial officer, he collaborates directly with private equity operating partners and portfolio company CEOs to uncover the unconsidered needs of firms within the space.