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Finance & Insurance

New ESG tech platform Novata closes USD21m Series A round

Novata, a new technology platform and public benefit corporation that provides the private markets with a cutting-edge Environmental, Social and Corporate Governance (ESG) solution, has announced a Series A investment round of USD21 million.  The investment represents one of the largest initial funding rounds for a public benefit corporation.  Principal

Insurity secures growth investment from TA Associates

Insurity, a provider of cloud-based software for property and casualty (P&C) carriers, brokers, and MGAs has secured  a strategic growth investment from global growth private equity firm TA Associates.  TA, along with Insurity’s current investor GI Partners, plan to further accelerate Insurity’s growth and expand the delivery of the P&C

EQT to acquire LSP

EQT is to acquire LSP (Life Sciences Partners), a European life sciences venture capital firm with approximately EUR2.2 billion of assets under management (AUM) and a team of 34 professionals. LSP, headquartered in Amsterdam, the Netherlands, is a venture capital firm that invests in innovative companies with strong scientific and

Beckett makes bolt-on acquisition

Financial services company Beckett Investment Management Group (Beckett) has made a strategic bolt-on acquisition in the East of England, as it continues to expand amid continuing strong demand for its trusted services. Six months after an investment from the GBP100 million Foresight East of England Fund, Beckett, which is headquartered

Victory Capital to acquire WestEnd Advisors

Victory Capital Holdings has entered into a definitive agreement to acquire 100 per cent of WestEnd Advisors (WestEnd) for an upfront payment of USD480 million. WestEnd will become Victory Capital’s 12th Investment Franchise and represents a new dimension of growth and diversification. Founded in 2004, and headquartered in Charlotte, North

GeoWealth secures USD19m in Series B round

GeoWealth, a modern turnkey asset management program (TAMP) built for advisers, has raised USD19 million in a Series B funding round led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, with a follow-on investment from JP Morgan Asset Management, a strategic investor in GeoWealth

Avantax acquires Warner Finance

Avantax, a specialist in tax-focused financial planning, has acquired Pennsylvania-based Warner Finance, with approximately USD258 million in total client assets as of 11 October, 2021.  The transaction expands the presence of Avantax’s employee-based RIA (registered investment advisor) while enabling the Warner team to focus on new growth opportunities as they

Northlane Capital Partners invests in Choice Financial Group

Northlane Capital Partners (NCP) has made an investment in insurance agency Choice Financial Group (Choice).  NCP invested in partnership with the Choice management team, led by Founder and President Richard Braun. In addition, Bob Hilb, an established insurance industry executive with more than 30 years of experience, joined the Choice

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