Deals & Transactions

Monomoy Capital Partners completes strategic sale of Friedrich Air Conditioning to Rheem

31 August 2021

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has sold Friedrich Air Conditioning to Rheem, a global manufacturer of HVAC equipment, water heaters, boilers and commercial refrigeration solutions. Terms of the transaction were not disclosed. Founded in 1883, Friedrich manufactures room air conditioning, dehumidification and

Harris Williams advises ResMan on sale to Inhabit IQ

31 August 2021

Harris Williams, a global investment bank specialising in M&A advisory services, has advised ResMan, a portfolio company of Mainsail Partners (Mainsail), on its sale to Inhabit IQ. ResMan is a leading end-to-end, SaaS-based solutions provider to property management companies across the conventional multi-family, affordable housing and commercial end markets in

Generational Capital Markets advises Allied Underground on sale to Altos Partners

31 August 2021

Generational Capital Markets, a mergers and acquisitions advisor for privately held businesses, has advised Allied Underground on its sale to Altos Partners, LLC. The acquisition closed 28 July, 2021. Allied Underground (Allied), located in Bertram, Texas, tackles complex infrastructure projects for clients across Central Texas. Its team of managers, superintendents,

FV Bank secures USD8m Series A investment

31 August 2021

FV Bank, a dual licensed challenger bank and digital asset custodian, has announced the successful closing of its Series A funding round worth USD8 million.

EQT Private Equity to sell Zemax

31 August 2021

EQT Private Equity, through the EQT Mid Market US fund, has agreed to sell Zemax (the Company) to Ansys. Founded in 1990, Zemax helps the world’s leading brands and institutions design optical systems for a broad range of applications by streamlining the workflow and communication among optical, mechanical and manufacturing

Cowgills secures Investec as funding partner for Russell Taylor Group

31 August 2021

Cowgills business finance team has brokered a GBP5 million funding deal with Investec Capital Solutions for Wirral-based specialist technical recruitment company Russell Taylor Group. Founded in 2005, the Group owns four businesses: Russell Taylor Group, Recruit Right, NMS Recruit and Perpetual Engineering Partnerships, providing technical temporary and permanent recruitment solutions

Alpaca raises USD50m in Series B round

31 August 2021

Alpaca, a commission-free stock brokerage platform that offers APIs for fintech apps to connect and trade in US stocks, has closed a USD50 million Series B on the heels of driving 1500 per vcent year to date growth in brokerage accounts and expanding partnerships across Europe, Southeast Asia, Africa, North

KKR and Salesforce Ventures back Leapwork in record series-B round

27 August 2021

KKR and Salesforce Ventures have invested USD62 million in a Series B round for Copenhagen-based, no-code software test automation platform Leapwork, to accelerate its global expansion.

KKR to acquire Ritchies Transport

27 August 2021

KKR is to acquire Ritchies Transport (Ritchies), a transportation operator in New Zealand with an 86-year heritage. The investment – which marks KKR’s first infrastructure investment in New Zealand – will be used to advance the Company’s mission to better connect local communities, support the country’s expanding public transport network

Picsart raises USD130m in funding round valuing the company at over USD1bn

27 August 2021

Picsart has raised USD130 million in a Series C funding round led by SoftBank Vision Fund 2 with participation from new investors G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company. With over USD100 million in annual revenue run rate,

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