PE Tech Report

Transport & Logistics

Deliverect raises USD150m in Series D round led by Coatue and Alkeon Capital

Deliverect, a global scale-up that simplifies online ordering for more than 20,000 locations across 40 markets, has secured more than USD150 million (EUR130 million) in a Series D funding round led by Coatue and Alkeon Capital. Existing investors OMERS Ventures, DST Global, Redpoint Ventures, Newion and Smartfin, also participated in

Lockheed Martin Ventures leads Series A funding round for Electra.aero

Electra.aero (Electra), a developer of hybrid-electric ultra-short takeoff and landing (eSTOL) aircraft, has secured a  Series A investment from Lockheed Martin Ventures (LMV), the venture capital arm of Lockheed Martin Corporation. The funding will support Electra’s plans to begin flight testing a full-scale hybrid eSTOL technology demonstrator aircraft later this

Marston Holdings acquires Vortex IoT

Marston Holdings, a UK provider of integrated, technology-enabled transport solutions, has acquired Vortex IoT Limited, a supplier of environmental sensors, networks and data solutions that support improved air quality and decarbonisation initiatives. Marston supports government, utilities and private sector clients through the delivery of market leading integrated technology-enabled solutions from

Sun Capital Partners affiliate acquires Total Transportation Services

An affiliate of Sun Capital Partners (Sun Capital), a private investment firm focused on defensible businesses in growing markets, has completed the acquisition of Total Transportation Services (TTSI or the Company), a provider of drayage transportation services. TTSI is the second investment in the supply chain space by a Sun

Partners Group to acquire North Star

Private markets firm Partners Group has agreed, on behalf of its clients, to acquire North Star, an operator of specialised vessels that offer emergency response and rescue and essential offshore wind maintenance services, from Basalt Infrastructure Partners. Headquartered in Aberdeen, Scotland, North Star is an established infrastructure company with a

Jet Edge International secures additional USD75m investment from KKR

Jet Edge International, an Ohio-based private aviation company, has raised an additional USD75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately USD265 million over the past year. Following the initial USD150 million

project44 hits USD2.2bn valuation following USD420m investment led by Thoma Bravo

project44, a supply chain visibility platform, has secured received an investment totalling USD420 million from a syndicate led by Thoma Bravo, TPG, and Goldman Sachs Asset Management (Goldman Sachs). Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also participated acquiring equity interests resulting in a

Livingbridge sells Carousel Logistics

Livingbridge, a UK mid-market private equity investor, has agreed the sale of Carousel Logistics to Danish private equity firm Axcel. The transaction will facilitate the combination of Carousel Logistics and DANX A/S, a Danish-headquartered logistics firm servicing the Nordic region and the Baltics.   Founded in 1986 by former CEO

Fly Now Pay Later secures USD75m from Atalaya Capital Management

Fly Now Pay Later, a British fintech company offering consumers globally an alternative and more flexible way to finance travel, has closed a USD75 million debt funding package provided by funds managed by Atalaya Capital Management to support expansion into the United States – the largest travel market in the world. As

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