Allocations
Basis Vectors, a Berkshire Hathaway-style alternative investment and technology firm, has launched with plans to acquire, transform and accelerate vertically-focused B2B Software as a Service (SaaS) companies.Basis Vectors transforms high-potential yet undervalued SaaS companies that demonstrate potential for long-term growth and robust balance sheets, and is uniquely positioned to help companies that have been strained by the global coronavirus pandemic. Investment in the firm’s USD50 million fund is led by Cianna Capital, a private investment fund focused on new-age technology investments, with participation from the UHNW family offices of Rajesh Jain, founder of Netcore, Abhishek Goel and Tracxn.
Co-founders Ambarish
Wasabi Technologies, a hot cloud storage company, has closed a USD30 million financing round led by Forestay Capital, the technology innovation arm of Waypoint Capital, with participation from Wasabi’s previous investors.
Aquiline Capital Partners, a private equity firm that specialises in financial services and technology, has held a final close of its fourth fund, the Aquiline Financial Services Fund IV.
Founded in 2005, Aquiline Capital Partners is a private investment firm specialising in financial services and technology, which is based in New York and London and has USD5.3 billion in assets under management.
“Today’s dynamic market conditions are creating significant disruptions across financial services, technology and healthcare that we believe will present compelling investment opportunities for us,” said Jeff Greenberg, chairman and CEO of Aquiline.
The fund closed with USD2 billion in commitments,
Warranty & Indemnity (W&I) insurance is likely to become more sought after in the coming months as a result of Covid-19, according to Lockton, one of the world’s largest privately held independent insurance brokers.
Take up of W&I insurance in M&A deals is up from 6 per cent to over 40 per cent in the past five years as companies scramble to win transactions in increasingly aggressive and competitive auction processes.
“Back in 2014, W&I insurance was a rarity in M&A transactions. But in the last five years, W&I insurance products – and buy-side policies in particular – have
insitro, a machine-learning driven drug discovery and development company, has raised USD143 million in an oversubscribed Series B financing. The financing was led by Andreessen Horowitz, with participation from new investors Canada Pension Plan Investment Board (CPP Investments) and funds and accounts advised by T Rowe Price Associates, Inc. as well as funds managed by BlackRock, Casdin Capital, HOF Capital, WuXi AppTec’s Corporate Venture Fund, and other undisclosed investors. Current investors ARCH Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, and Alexandria Venture Investments also participated in the financing. In addition, insitro announced that Vijay Pande, PhD, general
Babylon, a technology company aimed at putting digital-first care into the hands of every person on Earth, had made an investment in consumer health engagement company Higi. Higi – through its 10,000-plus FDA-cleared self-service Smart Health Stations – provides access points that can help people learn about health conditions, assess their risks, and receive personalised recommendations for local care resources and services. Conveniently located within 5 miles of 73 per cent of the US population and free to use, the Higi Smart Health Station experience is complemented by a suite of digital programming focused on awareness, prevention, and condition management. Higi
KKR and data centre entrepreneur Franek Sodzawiczny are forming Global Technical Realty, a new build-to-suit and roll-up acquisition data centre platform, to develop and operate data centres for large tech companies across Europe as the PE group sees continued demand for data.
KKR will make a USD1 billion equity commitment primarily from its third global infrastructure fund, which may be topped up with additional commitments over time. “The data centre market in Europe presents a unique opportunity to invest behind the secular trend of increased cloud services adoption and demand for data,” said Waldemar Szlezak, managing director of KKR.
KKR
Birmingham-based language technology firm, Learning Labs Limited, has secured a GBP500,000 investment to ramp up product development and establish itself in new markets. The investment round includes finance from some existing investors and GBP250,000 from the Midlands Engine Investment Fund (MEIF) Equity Finance Fund, managed by venture capital firm Midven.
Established in 2013 by Veejay Lingiah and Richard Allen, Learning Labs originally developed FlashSticks, a unique language learning system based on 3M’s Post-it Notes.
Sold in more than 500 WHSmith outlets nationwide at launch, the system was supported by Learning Lab’s interactive software platform, FlashAcademy.
FlashAcademy enables users to learn English from 45 different home languages.
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has signed a definitive agreement to sell ActivStyle, a distributor of consumable medical supplies with an emphasis on incontinence products, to AdaptHealth Corp. The proposed transaction is expected to close in June 2020, subject to the satisfaction of customary closing conditions.
During Riverside’s hold, ActivStyle became a leading direct-to-consumer supplier of incontinence and urological supplies with a culture based on integrity, teamwork and best-in-class patient service, growing the business to serve more than 65,000 patients across 48 states.
“It was a pleasure working with
DWF, a global legal business, has advised Waterland Private Equity on the investment in imc group, the UK-headquartered global healthcare communications company.The investment will see Waterland Private Equity become a significant majority stakeholder in imc (integrated medhealth communication group) with ambition to create a leading independent services provider in the global pharmaceutical communications and consulting outsourced services market.
Waterland will support imc to pursue an ambitious buy-and-build strategy with significant follow-on funding available to acquire high-quality pharmaceutical communications, digital and consulting agencies across the UK, North America and EMEA.
The investment will also be used to execute a series of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
