Deals
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 markets, including education, municipal, industrial, commercial and healthcare.
Since Huron’s initial investment in 2017, Pueblo has made significant investments in people, technology, and corporate infrastructure, including the development of a deliberate regionally focused M&A program. Over the past several years, Pueblo experienced strong organic growth and completed 16 acquisition.
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 and grow the user base by onboarding hundreds of thousands of new brands, individuals and creators, driving mainstream adoption of Web3.
Founded in 2021 by Steven Bartlett and Furqan Rydhan with a seed funding round of $5 million, from 20-plus industry entrepreneurs including Gary Vaynerchuck and Mark Cuban, thirdweb is
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 with previous investments including MSG, RKA, CPH, Waggoner Engineering, DRMP and ESI Consultants.
With the addition of Alta, the Trilon Group’s annual revenue exceeds $215 million, which would have ranked Trilon at No90 on Engineering News Record’s (ENR) 2022 Top 500 Design Firms based on the publicly available selection criteria.
Capital on Tap has secured a £200 million funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access credit at a time when the UK is anticipating a recession and facing historic inflation rates.
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 offer was disclosed.
Shares of Nearmap jumped 5.9% to AUD2.08, their highest level since November 2021, after news of the all-cash deal broke. The company’s shares have slumped by more than half since hitting a peak in 2019.
Thoma Bravo, a software investor with assets under management of more than
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 have not been disclosed.
Founded in 1973, Ibermática is widely considered the premier IT services provider for large corporates in Spain and counts many IBEX 35 companies as clients. Ibermática offers a wide-ranging portfolio of solutions spanning IT consultancy, cybersecurity, cloud computing and data analytics. At the end of 2021,
New State Capital Partners (New State) has acquired AFIMAC Global Inc (AFIMAC), a provider of specialty business continuity solutions, including staffing, security, and logistics, as a carve-out from its parent company Dalton First Financial Inc.
Joe Schollaert will continue to serve as AFIMAC’s president and chief executive officer.
Terms of the transaction were not disclosed.
AFIMAC’s clients include a diverse range of Fortune 500 companies across end markets such as food and beverage, consumer, business services, and specialty manufacturing.
The acquisition of AFIMAC marks New State’s fifth deal in nine months and the fourth platform investment in New
Carbon Direct, a science-first carbon management firm and software provider, has closed a $60 million funding round led by Decarbonization Partners, a partnership between Temasek and BlackRock, and Quantum Energy Partners.
CenterOak Partners (CenterOak), a Dallas-based private equity firm, has formed Turf Masters Lawn Care Services, a residential lawn services platform created through the combination of three providers: Turf Masters Lawncare (Turf Masters), All Turf Holdings (All Turf), and Green Group Holdings (Green Group).
As part of the transaction, the existing owners and management teams will continue to be active and will have an equity interest in the Company. Andy Kadrich, the founder of Turf Masters, will lead the Company as CEO. CenterOak’s investment will provide capital to support the growth of the newly formed entity. Terms of the transaction were
LDC has made an £18 million minority investment in TMC Pharma Services (TMC), a global pharmaceutical development organisation that specialises in innovative treatments for rare diseases and oncology.
The mid-market private equity firm is backing the existing TMC management team, led by Co-Founder and CEO Julie Matthews and COO Carol Woodward. Its minority investment will help TMC to further expand into the US and Asia markets. The business also plans to double the number of full-time employees it has over the next five years and open new offices in key international markets.
TMC has successfully supported over 150 Orphan Drug
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