TIMIA Capital Corporation (TIMIA), a specialist in private credit, is to acquire Brightpath Capital Corporation and Brightpath Residential Mortgage LP I (collectively, Brightpath), a Canadian private provider of residential mortgages focused on Ontario and British Columbia, for a purchase price of approximately $30.5 million. The deal price comprises a combination of 31,250,000 common shares (Common Shares) with a deemed value of $0.40 per share and 18,000,000 series A preferred shares (Preferred Shares) with a deemed value of $1.00 per share. The Brightpath management team will continue to operate the mortgage lending company.

Nordic Capital-backed ADVANZ PHARMA Corp, a UK-headquartered pharmaceutical company with a strategic focus on specialty and hospital pharmaceuticals in Europe, is to acquire the majority of Intercept Pharmaceuticals’ subsidiaries and operations in Europe, Canada, and all other markets outside of the US. This includes the ex-US rights to commercialise Ocaliva (obeticholic acid) for primary biliary cholangitis (PBC), a progressive autoimmune disease that damages the bile ducts in the liver. Intercept is a US-based biopharmaceutical company focused on the development and commercialisation of novel therapeutics to treat progressive non-viral liver diseases. The majority of Intercept employees outside of the US will

Januar ApS (januar.com) has closed the largest seed round in Danish history, a €6 million fund-raising led by Element Ventures. Angular Ventures, Outward VC, and early pre-seed backers byFounders also participated in the round which also includes well-renowned angel investors including Nicolas Julia, co-founder and CEO of Sorare, Charlie Songhurst, former Head of Strategy at Microsoft, Pierre-Antoine Pierre, CEO and Founder IBanFirst, Jørgen Horwitz, former Director of Finansrådet as well as Einar Braathen from CoinFund.    With the proceeds from the seed round, Januar aims to become a leading one-stop crypto gate for European businesses, serving the growing crypto and

HIG Capital (HIG) portfolio company, The Bluebird Group (Bluebird), has acquired 479 Sales & Marketing, LLC (479), a full-service retail services consulting firm. With almost two decades of experience, 479 provides leading brands with the strategic planning, operations consulting, account management, digital optimization, and data analytics services necessary to succeed at Walmart, Walmart.com and Sam’s Club.

Platform Continues Growth Trajectory into Southern New England with its 6th Acquisition. FSI’s founders Charles and Cheryl Barrett and Gary Lanowy will maintain a minority stake in the Company.  Terms of the transaction have not been disclosed.   Altus has partnered with key industry executives, including Board Chair Kelly Romano, an AEI Operating Partner with deep sector experience in fire & security and commercial building industries including over 30 years at United Technologies Corporation (UTC), and Board Member Ed Cettina, a senior construction management executive previously working with AECOM and Tishman Construction.

Tribe Capital has led a $50 million Series B funding round in LinearB, the developer of an engineering efficiency platform, according to a report by CTech. New investor Salesforce Ventures, as well as existing investors Battery Ventures and 83North, also participated in the round. This lates round brings total funding for LinearB to $71 million. 

Shore Capital Partners (Shore) has formed a growth partnership with OC Flavors (OC), a custom flavour developer and manufacturer based in Chino, California. OC Flavors was founded in 2007 by Leah McCuen and Monica Ahuero to offer a full range of natural and organic flavours and flavouring solutions across a variety of food, beverage and supplement product applications.  Shore Capital is partnering with the Company’s management team, which has led OC Flavors through tremendous growth over the past 15 years. OC and Shore plan to invest in several key initiatives to drive growth, including added support in key areas such

Access and identity control SaaS- and hardware start-up Nine Engineering is raising €1.1 million to increase access security, site safety and privacy compliancy. Nine Engineering offers easy-to-use solutions that increase access security, site safety and privacy compliancy. The start-up’s offerings include both a privacy-compliant SaaS platform for documentation that centralises user identification, certificates, and training courses – which makes documents easily available for audits, and the hardware devices needed for access management on site, which work with QR codes, smartphone scans or facial recognition. Nine Engineering has the support of investors including Pitchdrive and Noël Keysers, loans from BNP Paribas

Masa Finance, a hybrid credit protocol, has come out of stealth and completed a pre-seed funding round of $3.5 million led by Unshackled Ventures, executives from GoldenTree Asset Management (a $46 billion credit-focused fund), Flori Ventures (Celo-focused fund), GSR, Decentranet, Intersect VC, Lateral Capital, Peer VC, Alves Ventures, and several angel investors in the fintech/blockchain space including Louis Beryl (founder of Earnest), Gustavo Menezes (24hr of Le Mans Driver for Peugeot Sport), and Jacob Riglin – a high-profile NFT artist who will be launching future NFT-collateralised loan products. Masa has developed critical infrastructure for Web3 that enables on-chain credit scoring

Sam Bankman-Fried, the CEO of FTX, has led a $580 million Series B Funding round in Anthropic, a public benefit corporation and AI startup lab ached in 2020, according to a report by DailyAlts. The round, which follows a $124 million Series A fundraise in 2021, also included participation from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR). Anthropic, which is based in San Francisco, was founded by the brother-and-sister team of Dario Amodei and Daniela Amodei, who were vice presidents at AI research lab OpenAI LLC. Its 40-person team focuses on