Managers
HIG Capital (HIG) has sold portfolio company US Medical Supply (US MED to Advanced Diabetes Supply (ADS), a portfolio company of Court Square Capital Partners Inc. Terms of the transaction have not been disclosed.
US MED is among the largest and fastest growing direct-to-consumer specialty distributors of Continuous Glucose Monitors (CGM) and medical supplies in the nation. The Company’s success is a result of its talented and dedicated team, competitively differentiated platform, unique patient recruitment strategies and industry-leading patient satisfaction.
HIG acquired US MED in August 2015 and collaborated with management to craft a strategic vision of transforming US MED
Growthdeck has exited its investment in electric vehicle developer Saietta Group via an IPO on London’s Alternative Investment Market, delivering up to 22x valuation to Growthdeck’s early stage EIS investors.
The AIM IPO, which took place on Wednesday, 7 July, raised GBP37.5 million of new investment, and gave Saietta Group a market capitalisation of cGBP105 million. The IPO will allow the group to establish a motor durability testing facility and expand European production capacity to 100,000 motors per year.
Growthdeck raised three separate rounds of investment for Saietta in 2017, 2018 and 2020. While returns vary depending on how long
Cobee, a European leading employee benefits management digital platform, has raised EUR14 million in Series A funding led by the leading European venture capital firm Balderton Capital.
Invested also joined the round along with previous investors SpeedInvest, Target Global, Encomenda and Lanai, as well as
angels from Zalando, N26, Uber and Gympass.
Cobee was founded in 2019 by Borja Aranguren, Daniel Olea and Nacho Travesà with the mission to improve employee wellbeing. The flexible and innovative employee benefit management platform brings a wide range of benefits for staff from gyms, to insurance products, perks, and vouchers into one app instead
Ropes & Gray has advised Pulsant, one of the leading nationwide providers of data centre and cloud infrastructure in the UK, on its sale from Oak Hill Capital and Scottish Equity Partners to Antin Infrastructure Partners.
Pulsant owns and operates a portfolio of ten data centres across seven cities in the UK. It provides essential data centre and cloud infrastructure, including colocation, private cloud, and network connectivity to a loyal base of over 1,000 private enterprise and public sector customers.
Following completion of the acquisition, Antin will work with Pulsant’s experienced management team, led by CEO Rob Coupland and
Saber Labs, a core contributor to Saber, the first Solana-based cross-chain stablecoin exchange, has secured USD7.7 million in a seed round led by Race Capital, with participation from Chamath Palihapitya’s Social Capital, Jump Capital, Multicoin Capital, Solana Foundation, and others, as well as crypto industry leaders from FTX, Okcoin, Curve, Terra, and Stacks.
With the newest injection of funds, Saber will continue to expand its decentralised liquidity network, which already includes assets originated from Solana, bitcoin, Ethereum and Terra.
Saber helps users trade digital assets quickly and efficiently, using the Solana blockchain. The exchange is focused on supporting robust stablecoin
Elvie, a global health and lifestyle brand developing products for women, has raised GBP58 million (USD80 million) in a Series C funding round.
The round was led by BGF, with further investment from funds and accounts managed by BlackRock Private Equity Partners (BlackRock) and a consortium including Hiro Capital and Westerly Winds, plus existing investors Octopus Ventures and IPGL.
Founded in 2013 by CEO Tania Boler, Elvie brings together a team of world-class engineers, designers and business minds to develop extraordinary products that improve women’s lives – revolutionising categories which had been overlooked for many years, including breast pumps
Maven Capital Partners (Maven), the debt fund manager for the Midlands Engine Investment Fund (MEIF), has been approved by the British Business Bank as a new accredited lender to provide loans through the Government’s Recovery Loan Scheme (RLS).
The Recovery Loan Scheme (RLS) supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic and will run until the end of the year (31 December 2021).
The scheme aims to help businesses affected by Covid-19 and can be used for business purposes, including managing cashflow, investment and growth. Businesses who have taken out a CBILS,
Vestwell, a specialist in workplace savings and investing programmes, has raised USD70 million in Series C financing.
Wells Fargo Strategic Capital and Fin Venture Capital co-led the round, along with a host of other financial services and fintech leaders including Goldman Sachs, Morgan Stanley, Manulife, Point72, Nationwide Ventures, Allianz Life Ventures, Northwestern Mutual, FinTech Collective, Greenspring Associates, Primary Venture Partners, Teamworthy Ventures, F-Prime Capital, Industry Ventures, and Commerce Ventures.
Vestwell provides the underlying infrastructure for workplace savings and investing programs, such as 401(k) and 403(b) retirement plans. The firm’s API-based technology is designed to support a diverse ecosystem of
Software investment firm Thoma Bravo is to acquire customer and employee experience specialist Medallia in a USD6.4 billion all-cash transaction.
Medallia will become a private company with additional resources and greater flexibility to build on its innovation leadership and expand its customer impact. Additionally, the transaction will allow Medallia to benefit from the operating capabilities, capital support and deep sector expertise of Thoma Bravo – one of the most experienced and successful software investors in the world.
Under the terms of the agreement, Medallia shareholders will receive USD34.00 per share in cash, which represents a premium of approximately 20 per
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Europe’s venture capital market booming in 2021
Europe’s venture capital market booming in 2021