Allocations
Global alternative investment firm TPG has made a USD360 million investment in Fractal (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500 companies.
The investment is bing made via TPG Capital Asia, the firm’s Asia-focused private equity platform, in a transaction that includes a combination of primary investment and secondary share purchase from Funds advised by Apax, who will remain a major shareholder following the transaction. The transaction is expected to close by the first quarter of 2022.
Additional terms have not been disclosed.
As part of the transaction, TPG’s Puneet Bhatia and
Livingbridge has invested in UK-based Quorum Cyber, a cyber security services firm delivering managed detect and response capabilities to teams and organisations globally.
The investment builds on Livingbridge’s track record in the cyber security space, which includes investments such as Adarma and TitanHQ.
Livingbridge’s investment includes growth capital to enable Quorum Cyber to capitalise on strong macro tailwinds in the cyber security sector and execute its ambitious growth plans through increased investment in its solutions as well as sales and marketing functions.
Venture Capital firm StageOne Ventures has completed raising USD235 million towards its fourth fund, which will operate based on a dual model: a primary fund of USD150 million to focus on seed investments for early-stage startups, and in parallel an additional USD85 million will be used for follow-on investments in the new fund’s leading portfolio companies.
This brings StageOne’s assets under management to USD500 million.
The new fund will continue investing in Israeli companies with a technological edge at the earliest stages, developing ground-breaking products for the enterprise market. Most of the investors in the new fund are repeat investors
Middle-market private equity firm Odyssey Investment Partners (Odyssey) has sold its portfolio company Addison Group (Addison), a Chicago-based professional services firm specialising in talent solutions and consulting to Trilantic North America.
Financial terms of the transaction have not been disclosed.
Founded in 1999, Addison Group offers a full suite of resources across the Technology, Finance & Accounting, Non Clinical Healthcare, Administration, Human Resources, and Digital Marketing industries. Its talent solutions include professional staffing services, recruiting and executive search, and its leading consulting brands include AIM Consulting, Bridgepoint Consulting, DLC, and ArcLight.
Odyssey invested in Addison in December 2016 and, since
Hunter Street Partners (Hunter Street), a Minneapolis-based alternative investment management firm, and Five Crowns Credit Partners (Five Crowns) announced today that they have sold their stakes in TriStruX, a provider of telecom infrastructure services to wireless carriers, cable companies, and OEMs, to a private equity firm.
TriStruX was founded as the result of a merger between Telecom Engineering Group (TEG) and Leone Electric Company (LEC). In November 2020, TriStruX acquired High Point Utilities (High Point), a regional broadband network construction and maintenance company. Hunter Street Partners and Five Crowns Credit Partners provided financing for both the merger and ensuing acquisition.
Private investment firm Baum Capital Partners has sold Goettl Home Services (Goettl) to investment funds affiliated with Cortec Group.
Terms of the transaction, which was led by Cortec Group Fund VII, in partnership with Goetl CEO Ken Goodrich and his management team, have not been disclosed.
Headquartered in Las Vegas, Nevada, Goettl is a provider of residential HVAC and plumbing maintenance, repair and replacement services.
The Goettl investment represents the fifth platform in Cortec Fund VII, a USD2.1 billion fund which closed in November 2019. Paul Hastings LLP served as legal advisor to Cortec. Senior debt to support the
Fifth Wall, a venture capital firm focused on technologies for the global real estate industry, raised more than USD1.1 billion across its funds in 2021.
In 2021, the firm welcomed new investors, including Aldar, APG, Arbor Realty Trust, BNP Paribas Real Estate, Bpifrance through the digital Fund of Funds, Camden Property Trust, Cosan, Gestilar, Invitation Homes, Kimco Realty Corporation, Knight Frank, Meritage Homes, affiliates of Northwood Investors, NZ Super Fund, PGIM Real Estate, The Durst Organization, among others. Fifth Wall’s network of strategic limited partners (LPs) currently sits at over 90.
In addition, several of Fifth Wall’s existing investors increased
Corsair, a private equity firm targeting services, software, and payments investments in the financial services market, has acquired a majority stake in Aurora Payments (Aurora), a full-service payment solutions provider for small and medium sized businesses (SMBs) across a variety of industries.
Founded in 2005, Aurora offers a one-stop-shop solution for partners and merchants seeking to accept and receive electronic payments. Aurora’s bundled offering provides merchants with a wide range of products, services, customer technology, and support capabilities, including point of sale (POS) equipment, transaction processing services, and the ability to transfer funds between banks and merchants.
Citizens M&A Advisory has served as the exclusive financial advisor to WorkforceQA, LLC on its recapitalisation by Hamilton Robinson Capital Partners.
Headquartered in Salt Lake City, Utah, WorkforceQA is a tech-enabled provider of employee compliance solutions to safety-sensitive and regulated industries. The company serves many of the largest trucking, airline, logistics and rail companies in the United States, providing a suite of critical solutions, including drug and alcohol testing, physical examinations, background screening, training and compliance programs.
Cion Digital, developers of an enterprise SaaS blockchain orchestration platform, has closed a USD12 million seed funding round led by Green Visor Capital and 645 Ventures.
Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures also participated.
The capital will be used to expand R&D resources and accelerate the rollout of crypto financing and payment solutions tailored for Financial Services companies (Lenders, RIA’s, Banks and Neobanks) and Big Ticket Retailers (Auto, RV/Marine, Jewelry and Luxury Goods) and to expand the capabilities of the firm’s proprietary Blockchain Orchestration Platform for other industries.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
