Managers
CellPoint Digital, a global provider of digital commerce and payment solutions, has secured an equity financing round of USD25 million from Toscafund and its private equity arm, Penta Capital.
The move follows a series of investments by Toscafund and Penta Capital into CellPoint Digital following their initial investment in 2019 and brings their total investment to over USD56 million. It also marks a strengthening of the relationship between the businesses. As a specialist in payment orchestration for travel, CellPoint Digital is now offering its platform to new markets including retail, gaming, crypto and digital content.
Software investor Hg is to make a significant investment in ProcessMAP Corporation (ProcessMAP), an Environmental, Health and Safety (EHS) software platform provider.
Following the transaction, ProcessMAP’s management team will retain a significant stake in the business.
The terms of the transaction have not been disclosed.
Clearlake Capital Group is to make a significant new equity investment in Dodge Construction Network (Dodge), an independent data platform supporting the multi-trillion-dollar US commercial construction industry.
With this growth investment, Clearlake becomes an equal partner with existing DCN investor Symphony Technology Group (STG). Terms of the transaction have not been disclosed.
Deutsche Bank Securities Inc, UBS Investment Bank, Wells Fargo, BMO Capital Markets and Security Benefit provided debt financing supporting the transaction.
Tilley-Phoenix Group (Tilley-Phoenix), a US-based specialty ingredients distributor and value-added service provider, and a portfolio company of SK Capital Partners (SK Capital), has acquired Callahan Chemical Company (Callahan), a regional distributor of high-quality ingredients and compounds serving a diverse set of end markets.
Callahan is a leading regional distributor offering optimised chemical distribution solutions aligned to individual customer requirements. The addition of Callahan to Tilley-Phoenix provides customers with state-of-the-art regulatory and technical support, broader logistics expertise, and an enhanced product offering of value-added ingredients for applications in regulated markets.
Triman Industries, a portfolio company of private equity firm AE Industrial Partners LP (AEI), has acquired Brighton Cromwell and Crestwood Technology Group (CTG).
Shareholders from both Brighton Cromwell and CTG will retain significant ownership in the Company and remain in leadership roles going forward.
Terms of the transactions have not been disclosed.
The strategic combination of these three highly complementary businesses will form a leading military aftermarket supply chain management platform with significant scale, broad market reach and a unique value proposition for its US and international military customers and more than 85 OEM partners.
Triman is a
Trading Technologies International (TT), a provider of professional trading software, infrastructure and data solutions to proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers, has invested USD6.35 million in KRM22, a technology and software investment company focused on risk management for capital markets.
This is the first investment TT has made since its acquisition by 7RIDGE in late December.
In addition, TT has entered into a distribution agreement to market and distribute KRM22 risk management products. The products will leverage TT’s Software-as-a-Service (SaaS) platform ecosystem and significantly expand the firm’s risk management offering. The initial
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
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