Cathay Capital, Eurazeo via its Small-Mid Buyout team, and Sagard NewGen, have signed an exclusivity agreement with a view to investing in DiliTrust alongside its management team led by Yves Garagnon and Nadim Baklouti. Under the agreement, the consortium of investors would become the group’s core shareholder by investing more than EUR130 million. Calcium Capital, which has been a financial investor in DiliTrust since 2017, is selling all of its stake. With the DiliTrust Governance Suite, DiliTrust offers a unified and secure platform, composed of different modules to meet the growing needs of legal departments and governance bodies of large

Audax Private Equity (Audax) is to sell Lifemark Health Group (Lifemark), a provider of physiotherapy, rehabilitation, and medical assessments in Canada, to Loblaw Companies Limited (Loblaw). Headquartered in Toronto, ON, Lifemark provides outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health, and other ancillary rehabilitation services.  Since partnering with Audax in December 2015, Lifemark has completed over 50 acquisitions, broadened its service offering, and significantly expanded its national footprint. In partnership with Audax, Lifemark also invested heavily in the organic growth of its platform, systems, and key talent to support and sustain continued success. The sale of Lifemark is subject

Animoca Brands and Liberty City Ventures have led a USD88 million funding round in Hex Trust, a Hong Kong startup offering custody services for crypto assets, according to a report by Bloomberg. The Series B round, which which also attracted participation from new investors including Ripple, Terra, Morgan Creek and Primavera Venture Partners, sees the business reach a valuation of USD300 million. Hex Trust will use the proceeds to expand in Europe and the Middle East, and obtain additional licenses beyond its current bases in Hong Kong and Singapore.

Webflow, a no-code visual development platform for the professional website and CMS market, has closed a USD120 million Series C funding round at a USD4 billion valuation, bringing the company’s total funding to more than USD330 million. Y Combinator’s Continuity fund led the round, with participation from existing investors CapitalG, Accel, Silversmith, and Draper Associates.  The company will use the investment to expand further into the enterprise and invest in its core community, starting with a USD10 million grant program to help creators build businesses on Webflow.

Circle Cardiovascular Imaging (Circle CVI), a specialist in cardiovascular imaging solutions, has secured a strategic growth investment from software investment firm Thoma Bravo. Thoma Bravo’s involvement is expected to drive future investment in product innovation, extend Circle CVI’s market leadership position and fuel future growth.  Financial terms of the transaction, which is expected to close in the second quarter of 2022, have not been disclosed. Circle CVI is a provider of AI-based cardiac imaging and reporting solutions, including cardiac MRI (CMR) and cardiac computerised tomography (CT) imaging post-processing software. 

Netrix, a provider of cybersecurity and end-to-end IT services and a portfolio company of OceanSound Partners, has acquired Edrans, a solutions provider focused on harnessing the power of the cloud for midsize enterprise clients. The acquisition brings substantial scale to Netrix’s cloud solutions portfolio and adds advanced technical capabilities to better serve the company’s growing global customer base.  Joining Netrix’s international team based in the United States, India, Bulgaria, and the Philippines, Edrans’ accredited consultants and developers serve customers from near- and off-shore delivery centers in Buenos Aires, Argentina and Barcelona, Spain, with additional personnel in the United States, Mexico,

Yellow Wood Partners (Yellow Wood), a Boston-based private equity firm focused on investing in consumer brands and companies, has formed a new sexual wellness platform, Beacon Wellness Brands, with the acquisition of several brands from Clio, led by its anchor brand PlusOne. Beacon Wellness Brands markets and sells sexual wellness devices under the PlusOne and Deia brands, which are sold in many leading retailers including, Target, Walmart, CVS, and Walgreens, and has a growing e-commerce business. The company also has a personal care division and manufactures facial skincare and grooming products sold under the Plum Beauty™ and Clio® brands.  

Newfold Digital, a web and commerce technology provider backed by Clearlake Capital Group and Siris Capital Group has acquired YITH, one of the largest independent sellers and developers of WooCommerce plugins and themes for WordPress, a free and open-source content management system. Terms of the transaction have not been disclosed.   With nearly 2.3 million active installs and more than 100 plugins that expertly solve most e-commerce needs, YITH enables customers to build and grow online WooCommerce stores. WooCommerce is the world’s No1 open-source e-commerce software, powering 22 per cent of the top one million e-commerce sites in the world.

PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies, has led a EUR 10 million funding round in Sesame HR, a Spanish start-up provider of human resources software that streamlines processes related to centralised employee management on a single platform. Sesame will use the funds to expand that ecosystem by integrating itself in depth with leading tools available in the domestic and international market. It will also improve its People Analytics offering to apply AI to help companies better understand their employees and create fully personalised work experiences.

Global investment firm KKR has closed its previously announced investment in Biosynth Carbosynth, an life sciences reagents, custom synthesis and manufacturing services company, as well as Biosynth Carbosynth’s acquisition of vivitide, a global provider of custom peptides and antibodies for the life sciences and biotech industry. Existing vivitide owner Ampersand Capital Partners will roll over its entire stake and become a substantial minority shareholder of the combined entity. Together, KKR and Ampersand plan to accelerate the company’s geographic expansion, broaden its capabilities, and expand its product portfolio. KKR invested in Biosynth Carbosynth through KKR Health Care Strategic Growth Fund II,