Allocations
Barings has provided senior secured financing to support private equity firms Abry Partners and Castik Capital in their joint bid to acquire Reward Gateway from Great Hill Partners, announced on 4 May 2021, and to acquire a majority stake in Xexec, announced on 6 May 2021. Financial terms have not been disclosed.
Barings has been an established lender to Reward Gateway since 2018. During this period, Reward Gateway achieved exceptional company growth and currently supports more than 2,000 global customers in 23 countries with over five million employees globally. Xexec has similarly proven to be a fast-growing and dynamic company,
D3 Security, the leader in next-generation security orchestration, automation and response (SOAR), has secured a growth equity investment of USD10 million from Vistara Growth, a provider of flexible growth capital solutions to technology companies across North America.
The USD10 million will be augmented by a USD5 million credit facility from a major financial institution, raising the total funding to USD15 million.
D3’s cutting edge SOAR platform helps many of the world’s most sophisticated security teams integrate their security tools, eliminate time-consuming tasks via automation, and orchestrate lightning-fast responses to threats. The investment from Vistara will enable D3 to continue to
TISSIUM, a privately-owned medtech company developing biomorphic programmable polymers for tissue reconstruction, has closed a Series C round of financing, raising EUR50 million from new and existing international investors.
Cathay Health, affiliated to global investment firm Cathay Capital, led new investors and joined other institutional and individual backers while existing shareholders were led by Sofinnova Partners, a historical cornerstone investor, reinforcing TISSIUM shareholding structure. As part of the financing, Cathay Health Co-founder and Managing Partner Hongjie Hu will be joining TISSIUM’s board of directors.
This latest funding round coincides with a period of rapid growth at TISSIUM that is
SunTx Capital Partners (SunTx), a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution, and service companies, has sold NationsBuilders Insurance Services (NBIS), provider of specialty construction Risk Management and Insurance.
Financial terms of the transaction have not been disclosed.
Headquartered in Atlanta, GA, NBIS is a program administrator and Managing General Underwriter that provides construction and transport insurance, and risk management services for specialised heavy construction equipment, residential builders, and related transport industries. In particular, NBIS is a premier insurer of crane and rigging equipment, with an exceptional safety track record and best-in-class management practices
Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has sold Friedrich Air Conditioning to Rheem, a global manufacturer of HVAC equipment, water heaters, boilers and commercial refrigeration solutions. Terms of the transaction were not disclosed.
Founded in 1883, Friedrich manufactures room air conditioning, dehumidification and air purification products for residential and commercial applications. Friedrich is among industry leaders in high-end air conditioning solutions for single room use in lodging, commercial and multi-family sectors. The company is based in San Antonio, Texas with manufacturing operations in Monterrey, Mexico and distribution centres in Texas and New Jersey.
MiddleGround Capital, a Kentucky-based, middle market private equity firm that makes control investments in B2B industrial and specialty distribution companies, has held final closes on its flagship fund MiddleGround Partners II, LP and a specialty vehicle focused on automotive investments, Mobility Opportunity Fund, LP. Both funds were oversubscribed with strong support from Fund I Investors.
MiddleGround Partners II, a continuation of the firm’s core strategy, and its affiliated parallel funds have closed with a total of USD800 million in commitments. MiddleGround has completed 10 transactions in Fund I which closed in August of 2019 with USD459.5 million of commitments. MiddleGround
Harris Williams, a global investment bank specialising in M&A advisory services, has advised ResMan, a portfolio company of Mainsail Partners (Mainsail), on its sale to Inhabit IQ.
ResMan is a leading end-to-end, SaaS-based solutions provider to property management companies across the conventional multi-family, affordable housing and commercial end markets in the US. The transaction was led by the Harris Williams Technology Group.
“ResMan’s fully-integrated property management SaaS and payments platform offers a range of solutions that help owners, operators and investors optimise operations, deliver a superior tenant experience and grow their business,” says Brian Titterington, a director at Harris Williams.
Generational Capital Markets, a mergers and acquisitions advisor for privately held businesses, has advised Allied Underground on its sale to Altos Partners, LLC. The acquisition closed 28 July, 2021.
Allied Underground (Allied), located in Bertram, Texas, tackles complex infrastructure projects for clients across Central Texas. Its team of managers, superintendents, and skilled laboUrers focus on underground water, wastewater, and storm sewer construction. Customers are balanced across commercial, educational, and multi-family contractors with greenfield, addition, and rehab projects. Allied is well known for its expertise on meeting the needs of complex, fast track projects, with long-term repeat and referral-based customers.
Leonard
FV Bank, a dual licensed challenger bank and digital asset custodian, has announced the successful closing of its Series A funding round worth USD8 million.
EQT Private Equity, through the EQT Mid Market US fund, has agreed to sell Zemax (the Company) to Ansys.
Founded in 1990, Zemax helps the world’s leading brands and institutions design optical systems for a broad range of applications by streamlining the workflow and communication among optical, mechanical and manufacturing engineers. Zemax virtual prototyping tools include OpticStudio®, the industry-leading optical design software suite that enables customers to improve optical performance, get to market faster and reduce both production and development costs. Zemax’s software is used to develop a range of products including space telescopes, augmented reality glasses, LIDAR in autonomous
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
