Allocations
The value-based private equity arm of The Riverside Company has acquired Alcohol Monitoring Systems, Inc (dba SCRAM Systems), a provider of technology-enabled monitoring solutions and groundbreaking offender management software for state and local judicial systems and corrections departments.
SCRAM Systems will be combined with Riverside’s LMG Holdings, Inc (LMG) platform, with its flagship brand LifeSafer, a leading provider of ignition interlock devices used to help prevent drink-driving.
Founded in 1997, SCRAM Systems provides an extensive portfolio of continuous and intermittent alcohol- and location-monitoring technologies used by state, county and local criminal-justice agencies. The company’s offerings fulfil a dual mission of
Eurazeo’s small-mid buyout team has signed an exclusivity agreement with the aim of investing in I-TRACING alongside the company’s management and founders Theodore-Michel Vrangos and Laurent Charvériat, who would collectively hold 49 per cent of the company’s equity after completion of the transaction.
Keensight Capital, minority financial shareholder in the French cybersecurity specialist since 2017, would sell its entire stake while Sagard NewGen would invest as a minority shareholder in a holding company controlled by Eurazeo.
The transaction would value I-TRACING at EUR165 million. Eurazeo would become an anchor investor of the group by investing around EUR65 million.
I-TRACING was
Yoto, the audio platform for kids behind the critically acclaimed and award-winning Yoto Player, has raised USD17 million in a Series A funding to help facilitate its rapid growth across Europe and North America. The investment was led by Acton Capital with participation from JamJar Investments, Global Founders Capital, Emerge Education, as well as MPL Ventures.
Redwood Software, a specialist provider of cloud-based business and IT process automation solutions, has received a EUR315 million strategic investment from growth equity firm Turn/River Capital. The investment from Turn/River will enable Redwood to accelerate new feature development for its industry-leading IT and business process automation platform, which FeaturedCustomers recently recognised as a rising star in the Spring 2021 RPA Software Customer Success Report.
Statista estimates the global automation industry will generate USD214 billion in 2021, with process automation exceeding USD83 billion. “The modern enterprise needs sophisticated automation solutions to enable it to scale rapidly and still remain agile in
Prime Engineering, Inc, an architecture, engineering, and surveying firm, has received a strategic investment from Godspeed Capital Management LP, a lower middle-market Defence & Government services, solutions, and technology focused private equity firm. The financial terms of the transaction have not been disclosed.
Multi-stage VC fund EQT Ventures has led a USD40 million Series B funding round into Airkit, a low-code digital customer experience platform, on the back of the company’s recent USD28 million Series A announcement.
Lawyers from Carey Olsen’s corporate team in Guernsey have advised global private equity firm TriSpan on the launch and first close of TriSpan Opportunities II LP (Fund II).
Fund II, which has so far collected commitments of approximately USD100 million, is following in the path of its successful predecessor, TriSpan Opportunities LP, and is focusing on opportunities in the lower mid-market in the United States and Europe.
It will typically seek majority investments in proprietary buy and build opportunities alongside strong founders and management teams with a focus on multi-unit health care, business services or specialty manufacturing with limited
Latham & Watkins is advising Ares on the sale of Farrow & Ball to Hempel Group. Farrow & Ball is an iconic paint and wallpaper brand with a 75-year British heritage.
Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments, is to sell its stake in Linkbynet, a provider of cloud, Devops and cyber security services.
This sale would take place in the context of the proposed acquisition of the company by Accenture.
Founded in 2000, Linkbynet is a cloud-native solutions provider with offices in France, Belgium, Canada, China, Luxembourg, Mauritius, Singapore and Vietnam. The company’s team is comprised of more than 900 highly skilled professionals with 400 certifications from major cloud providers such as Amazon, Google, Microsoft or Alibaba.
Keensight Capital, as a shareholder of Linkbynet since
Cambridge based biotechnology company, Phico Therapeutics (Phico), has received GBP7 million in funding from a consortium of investors.
BGF, the UK and Ireland’s most active growth capital investor, led the round with a GBP3 million investment, while a further GBP4 million was received from existing backers.
Founded in 2000 by Dr Heather Fairhead, Phico is developing a biotechnology platform for a new generation of antibiotics to overcome antibacterial resistance. Antibiotic resistance is recognised internationally as one of the biggest threats facing global health and the effective treatment of certain diseases. It is estimated that drug resistant infections cause over 700,000
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