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Intelligence

Rivonia Road Capital provides $50m to Tandym

Rivonia Road Capital, a global alternative asset manager, focused on credit for high-growth companies, has provided Tandym with $50 million in debt financing, and made an equity investment in Tandym’s most recent fundraise.

LDC exits Littlefish investment with sale to Bowmark Capital

LDC has exited its minority investment in managed IT and cyber services provider Littlefish, to Bowmark Capital following a three-year partnership. The mid-market private equity firm backed the management team at Littlefish in April 2019 with a minority investment to support the fast growth business. Over the last three years,

Huron Capital exits Pueblo Mechanical & Controls with sale to OMERS

Huron Capital (Huron), a middle-market private equity firm has sold its majority interest in Pueblo Mechanical & Controls (Pueblo), a commercial HVAC and plumbing services company, to OMERS Private Equity (OMERS). Pueblo is a provider of HVAC and plumbing installation, maintenance, retrofit and repair services to customers in multiple end

thirdweb raises $24m Series A round at $160m valuation

thirdweb, a technology platform for building NFT and Web3 apps, has closed a $24 million Series A funding at a $160 million valuation, led by Haun Ventures, Coinbase Ventures, Shopify and Polygon. thirdweb will use the funding to accelerate platform development to meet increasing demand, add support for additional blockchains

Alpine-backed Trilon Group acquires Alta Planning

Trilon Group (Trilon), a family of infrastructure consulting businesses, has acquired Alta Planning + Design (Alta), an active mobility and sustainability consulting firm. Trilon Group launched in January 2022 and is backed by Alpine Investors, a people-driven private equity firm committed to building enduring businesses. Alta is Trilon’s seventh investment

Thoma Bravo targeting $729m Nearmap acquisition

Thoma Bravo is closing in on a deal to acquire aerial imagery company Nearmap Ltd for AUD1.06 billion ($728.5 million), according to a report by Reuters. The AUD2.10-per-share offer submitted last month represents a premium of nearly 39% to the stock’s closing price on 12 Aug, a day before the

VC is overvalued according to 80% of investors

Investors expect private equity and venture capital near-term performance to face strong headwinds in the second half of the year, according to Preqin’s H2 2022 Investor Outlook report, with 50% and 55% of survey respondents expecting worse performance over the next 12 months, respectively. Venture capital valuations are of most

AMCE’s Ayesa to acquire Ibermática

Ayesa, a portfolio company of A&M Capital Europe (AMCE), is to acquire Ibermática, a Spanish IT services firm, from ProA Capital and the remaining minority shareholders, including ONCE and Kutxabank. The transaction is expected to close in the coming months following approval by the relevant authorities. Terms of the transaction

Peak Rock Capital appoints new managing director, principals, vice presidents

Peak Rock Capital (Peak Rock), a middle-market private equity firm, has made a number of promotions and new hires this summer, as the firm continues to expand the depth and experience of its private equity, credit and real estate teams. Meredith Jonker, Carrie Pisarczyk, and Reed Westerman have been promoted

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