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Intelligence

Blockstream raises USD210m

Bitcoin infrastructure firm Blockstream has raised USD210 million as part of a Series B financing on a valuation of USD3.2 billion. Investors include Baillie Gifford and iFinex. The new funding comes alongside the acquisition of Spondoolies’ intellectual property, and the core team joining Blockstream to build Blockstream’s ASIC arm. Spondoolies

Axcel closes fund VI at EUR800m hard cap

Axcel Management (Axcel), an investor in the Nordic market, has closed Axcel VI at its hard cap of EUR800 million, an increase of more than 30 per cent compared to its predecessor fund.  Axcel is equally pleased with the continued strong support it received from existing investors representing approximately 65

Auxo Investment Partners acquires Altus Industries

Private investment firm Auxo Investment Partners has acquired Altus Industries Inc, a Grand Rapids, MI-based designer, manufacturer, assembler and marketer of medical, point-of-care workstations used across the healthcare industry.  As part of the deal, Spectrum Health Ventures, one of Altus’s larger customers, will join as a strategic partner in the

Atlantic Street Capital-backed eIVF appoints CEO

eIVF, an innovator in fertility specific-software and a leading fertility EMR, has appointed Nimesh Shah as Chief Executive Officer and Tim Beaulieu as Chief Product Commercialisation Officer. eIVF is the leading fertility-specific EMR managing every aspect of a fertility practice including billing, scheduling, patient communications, clinic/laboratory operations, cryo-storage, biometrics, patient,

Accelex announces further automation of critical workflows for private markets investors

Accelex, a data acquisition, analytics, and reporting solution for private markets investors and asset servicers, has launched capital account statement, capital call and distribution notice processing.  Firms will now be able to streamline the data extraction from these critical investment documents leveraging the same cutting-edge technology used by clients worldwide

Vistra partners with AMR Action Fund

Vistra, a provider of advisory and administrative support to Private Equity and Venture Capital Fund, Corporate, Capital Market and Private Wealth clients, has formed a strategic partnership with the AMR Action Fund, a public-private partnership supporting the development of new antibiotics.  Vistra was chosen by the AMR Action Fund to

Trooli secures GBP67.5m in expansion capital with potential for more

Strong demand for full fibre broadband and high levels of customer satisfaction have seen rapidly-growing independent Internet Service Provider (ISP) Trooli secure a GBP67.5 million senior debt facility with the support of the Connecting Europe Broadband Fund (CEBF) team – with attractive terms from a consortium of commercial lenders, with

Souter Investments continues deal-making with three acquisitions and an exit

Souter Investments, a private equity-focussed family investment office, has continued its deal making during 2021 with the announcement of the sale of Pet Network International plus the completion of three new investments. The new investments span a variety of sectors and geographies ranging from sustainably sourced fashion to climate finance

PDQ secures growth investment from TA Associates

PDQ.com (PDQ), a provider of IT asset management software for small and medium-sized businesses, has secured a growth investment from private equity firm TA Associates (TA).  TA, together with PDQ’s founders and executive management team, plan to accelerate PDQ’s growth as the company aims to expand its portfolio of easy-to-use

NovaQuest’s Azurity Pharmaceuticals to acquire Arbor Pharmaceuticals

Azurity Pharmaceuticals (Azurity) is to acquire Arbor Pharmaceuticals (Arbor) from the company’s existing investors including JW Asset Management and KKR.  Following the completion of the transaction, which is subject to regulatory approvals, Azurity and Arbor will merge, creating a leading company offering innovative, high-value products to meet the unique needs

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