FogPharma, a Cambridge, Masachussetts-based biopharmaceutical company developing helicon polypeptides, has raised $178 million in a Series D funding round.  The round includes new investors ARCH Venture Partners, Milky Way Investments, Fidelity Management & Research Company, and existing investors VenBio Partners, Deerfield Management, GV, Cormorant Asset Management, T Rowe Price Associates, Invus, Farallon Capital Management, HBM Healthcare Investments, Casdin Capital, and PagsGroup. Led by CEO Gregory Verdine, FogPharma is advancing a broad pipeline of Helicon polypeptide therapeutics against important and biologically validated cancer targets with the goal of providing new targeted treatment options for significant cancer patient populations.  In connection with

Alchemy has sold one of Italy’s leading providers of portable sanitary solutions, YLDA, to Germany-based trade buyer Toi Toi & Dixi Group, a business which has been owned by Apax Partners since 2019. The transaction has resulted in a 4x MM return for Alchemy. YLDA is a Tuscany-based specialist in the rental and manufacturing of a wide range of portable toilets and other sanitary solutions in Italy. It also has operations in France and the US. The group has two brands: Sebach (the rental business) and Armal (the manufacturing business). Alchemy invested in YLDA in June 2018, identifying an opportunity

BluPine Energy, a renewable wind and solar power generation and storage business and a portfolio company of Actis, has completed the acquisition of a 404MWp operating pan-India solar portfolio from the Atha Group.  The acquisition will enable BluPine to support India’s energy transition by targeting 4GWs of portfolio capacity over the next four to five years.    Actis has committed to invest up to $800 million in BluPine through Actis’ Energy 5 Fund, which represents $6 billion of investable capital, and is focused on investing in global energy transition opportunities. Working with Actis’ in-house Sustainability team, BluPine will implement world-class

Private equity firm Clayton Dubilier & Rice is in negotiations over making an approximately $1 billion investment in enterprise software provider Pegasystems Inc, according to a report by BNN Bloomberg. The report cites unnamed sources as saying that the CD&R’s investment would be strategic and is not a prelude to a takeover of the company. Terms of the transaction have yet to be finalised and may not lead to an investment being made.  Pegasystems sells software to improve business processes, according to its website with a client base comprising large organisations including Toronto-Dominion Bank, Aflac Inc, Cisco Systems Inc, and

Eurazeo, via its Small-Mid Buyout team is to investing up to €100 million in NeoXam, alongside its founder Serge Delpla and the company’s management team led by Florent Fabre. Under the agreement, Eurazeo would become the group’s majority shareholder with historical investors, led by Cathay Capital and BPI – shareholders since 2018 – selling their share in the business. NeoXam was created in 2014 following a carve-out from Sungard and a series of acquisitions adding complementary solutions. It now has 550 employees, of which half in R&D, across 15 offices worldwide. The company provides “data-centric” solutions used by more than

Culture Partners, a portfolio company of middle-market private equity firm HKW, has has acquired Paradigm Learning. Financial terms of the transaction have not been disclosed. Paradigm Learning creates and delivers customisable, instructor-led, game-based leadership development products. These business solutions cover a variety of industries and are available in twelve languages. Culture Partners’ also recently acquired The Culture EquationTM, developed by Dr Jessica Kriegel, now Chief Scientist of Workplace Culture at Culture Partners. Over the past 15 years, Dr Kriegel has been advancing research-based approaches to creating intentional cultures for global, national, and Fortune 100 companies. Both of these acquisitions add

Sembcorp Industries is to acquire Mumbai-based energy producer Vector Green Energy for $345 million from a fund managed by the Indian unit of private equity firm Global Infrastructure Partners, according to a report by Deal Street Asia.  The report cites a Sembcorp statement as revealing that the acquisition, which will be made through the company’s Sembcorp Green Infra subsidiary, brings the group’s gross renewables portfolio, including assets installed and under development, in India to 3GW.  Upon completion of the acquisition, which will be funded by internal cash resources, as well as external borrowing, Sembcorp’s gross renewable energy capacity will increase

Motive Partners, a specialist private equity firm focused on fintech investments, is to acquire embedded/capital, a European venture capital platform focused on supporting the next wave of financial technology innovation, subject to customary closing conditions.

Palm Beach Capital Fund III, through one of its investment entities, has fully exited its investment in Cadre Holdings, Inc, realising proceeds equal to 9.3 times its invested capital in the process.