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Private equity firm Summa Equity has closed its third fund (Fund III) with investor commitments of cEUR 2.3 billion (cSEK 23 billion).
The Fund was closed in record time and was oversubscribed within four months in a fully virtual fundraising environment.
With its new fund, Summa Equity now manages aggregated capital commitments of close to EUR4 billion (cSEK 40 billion).
The announcement of Fund III comes three years after Fund II, and five years after Fund I. Fund I and Fund II closed with commitments of cSEK 4.7 billion (cEUR 470 million) and SEK 6.8 billion (cEUR 680 million)
Big Health, a digital therapeutics company dedicated to helping millions back to good mental health, has raised USD75 million in a Series C funding round, led by new investor SoftBank Vision Fund 2.
ArrowMark Partners and existing investors Octopus Ventures, Gilde Healthcare, Kaiser Permanente Ventures (KPV), and Morningside Ventures, also participated.
Pixis (formerly known as Pyxis One), a provider of contextual codeless AI infrastructure for complete marketing optimisation, has secured US USD100 million in a Series C funding round led by SoftBank Vision 2.
Pixis will leverage the fresh funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC.
The Series C round included participation from new investor General Atlantic, a global growth equity firm, plus existing investors Celesta Capital, Premji Invest, Chiratae Ventures, and Crimsonox Ventures. With the close of its USD17 million Series B round
Sigma Defense, a portfolio company of Sagewind Capital, has acquired SOLUTE Inc, a technology and engineering firm that specialises in system modernisation with a focus on software engineering, cyber security, cloud architectures, and Development Security Operations (DevSecOps) for the US Department of Defense (DoD).
The acquisition of SOLUTE broadens the Sigma Defense portfolio, expanding its existing capabilities for C5ISR, JADC2 and tactical SATCOM communications. The combined company will deliver a comprehensive suite of software-led solutions and services that autonomously connect people, systems and information.
Together, Sigma Defense and SOLUTE are positioned to provide enhanced capabilities for digital modernization throughout
Ropes & Gray has advised Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, in the formation of its fourth private equity fund (Fund IV).
The fund was oversubscribed with commitments over USD1.1 billion. Monomoy secured commitments from a globally-diversified group of limited partners for Fund IV comprised of leading endowments, foundations, pension plans, insurance companies and family offices.
Wandercraft, a healthtech company in dynamic robotics and exoskeleton technology, has raised USD45 million in a series C round led by the US fund Quadrant Management plus existing investors Bpifrance and new participants MACSF, Malakoff Humanis, AG2R La Mondiale, Mutuelles Impact and Sofiouest.
Other existing investors Xange, Eurazeo, LBO France and Cemag Invest also participated to the round.
Most of this new round of financing will be used by Wandercraft to fulfil the company’s mission of “mobility for all”, through the continued development, then launch, of the new Personal Exoskeleton for outdoor and home use. The funding will also allow
PwC UK has appointed Hugh Lloyd Ellis as leader of its Private Equity business.
Lloyd Ellis has worked at PwC for over 15-years, including two years in Hong Kong firm, supporting clients through the deals process as a Transactions Services partner.
As the Private Equity leader he brings a deep sector market knowledge and the best of PwC’s technical capabilities from across the UK to its clients.
Funds advised by local private equity firm Permira, supported a co-investor, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), have entered into a partnership with Kedrion’s existing shareholders (the Marcucci family and FSI) to jointly acquire and combine Kedrion and BPL.
The combination will create a global player for medicines derived from human blood plasma, which treat patients with rare and life threatening conditions.
Kedrion, headquartered in Tuscany, Italy, brings an extensive portfolio of 21 products and over 600 marketing authorizations around the world.
BPL, headquartered outside London, UK, operates a targeted portfolio of successful rare
Funds advised by Permira Credit, a European alternative credit provider, are acting as sole senior secured lender to Five Arrows Growth Capital’s acquisition of KidsKonnect.
The support highlights Permira Credit’s focus on high-quality, growing tech-enabled businesses.
KidsKonnect is a childcare software provider offering fully integrated software solutions for daycare centres, out-of-school care, childminder organisations and primary education centres.
Collectively, the Permira Credit funds have invested approximately EUR13 billion since inception in a range of European debt products, including over EUR9 billion in European direct lending. Permira Credit has supported more than 300 companies across its strategies since its establishment
Pathway, a private market portfolio solutions provider with more than USD90 billion of assets under management from private equity, private credit, and infrastructure mandates, has appointed Andrea Almeida Mack as a Senior Vice President–Head of Consultant Relations in the firm’s Providence, Rhode Island, office.
Mack brings extensive investment management experience that dates back more than 20 years. Prior to joining Pathway, she was a Managing Director–Institutional Marketing and Consultant Relations at The TCW Group. In that role, Mack focused on building relationships with consultants in the Midwest and West regions of the United States. Prior to that, she was a
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