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Papaya Global, a workforce management platform transforming global employment, announced today that it has raised USD100 million in a Series C funding, bringing the company’s valuation across USD1 billion.
The new investment follows Papaya’s $40 million Series B funding announced less than six months ago.
The new funding round was led by GreenOaks Capital Partners and joined by IVP Ventures and Alkeon Capital, with participation from existing investors Insight Venture Partners, Scale Venture Partners, Bessemer Venture Partners, Dynamic Loop, New Era and Workday Ventures, Access Ventures and Group 11. The new investment brings Papaya’s total funding to USD190 million.
Papaya’s
- 05/03/2021
Global private equity firm OpenGate Capital’s portfolio company, SMAC, has completed the sale of its subsidiary, AXTER, which is focused on the production of waterproofing membranes, to IKO, a specialist in global roofing and related products based in Canada.
Terms of the agreement have not been disclosed.
SMAC, a global manufacturer of waterproofing and building envelope solutions headquartered in France, is representative of OpenGate’s strong record of acquiring complex, industrial, and specifically building and construction related businesses across North America and Europe.
Andrew Nikou, OpenGate’s Founder and CEO, says: “With the successful completion of this transaction, SMAC will
- 05/03/2021
- 05/03/2021
Limerston Capital portfolio company Axiom International Limited (Axiom) has completed the acquisition of Torchlight Group Limited (Torchlight).
London based Axiom is a specialist in the provision of strategic capacity building programmes, institutional and public sector reform, peace-building and national security development. It forms part of the larger Limerston Capital-backed AFA International, led by CEO and Axiom Co-Founder Prof Angela Gallop, CBE. This is AFA International’s second acquisition following the formation of the group in 2020.
Based in Swindon, Torchlight specialises in the provision of security and development services, delivering programmes on behalf of bilateral and multi-lateral donors, including the UK
- 05/03/2021
Kennet Partners Limited (Kennet) and Goldman Sachs Growth Equity (Goldman Sachs) are to sell their co-owned portfolio company, Nuxeo, a content services platform and digital asset management (DAM) provider. to Hyland Software.
Kennet and Goldman Sachs are expected to make a five-times return on their investment in Nuxeo.
Kennet and Goldman Sachs acquired Nuxeo in 2016. Nuxeo’s platform focuses on Digital Asset Management for companies with fast product life cycles such as media, fashion and consumer electronics, and Enterprise Content Management for financial institutions. Nuxeo has a range of global customers across its target sectors such as ABN-AMRO, Fox,
- 05/03/2021
ICV Partners, an investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today that has appointed former Coca-Cola Company executive Bill Ford as a Managing Director in its Portfolio Operations Group (POG) to help drive operational excellence within ICV’s portfolio companies.
Based in the firm’s Atlanta office, Ford joins ICV’s expanding POG, which in January included the addition of senior operating executive Mary Rachide. The POG now consists of three highly qualified professionals.
“Bill understands the consumer and value of brands and has helped to ignite growth
- 05/03/2021
HIG Capital (HIG), a global alternative investment firm with over EUR35 billion of equity capital under management, is to acquire KPMG’s UK restructuring business, a leading provider of insolvency, financial restructuring and turnaround services in the UK and globally.
Terms of the transaction, which is expected to complete in April 2021, have not been disclosed.
KPMG UK Restructuring is a leading multidisciplinary practice of approximately 22 partners and 528 staff located across the full breadth of the UK. The group advises companies, lenders, equity holders and a wide range of other stakeholders including Government, regulators and pension trustees to
- 05/03/2021
A new global research programme conducted by The Economist Intelligence Unit (EIU) and supported by Adams Street Partners (Adams Street) finds that 85 per cent of global institutional investors expect private markets to outperform public markets in the long term, with 80 per cent of respondents agreeing that these markets are less susceptible to volatility.
- 05/03/2021
The latest CEPRES Private Capital Market Outlook highlights the impacts of Covid-19 and offers an economic review of 2020, an analysis of the last quarter of the year, and insights for 2021.
- 04/03/2021
- 04/03/2021
Anghami will become the first Arab technology company to list on NASDAQ New York via a merger with Vistas Media Acquisition Company Inc a publicly traded special purpose acquisition company (SPAC) that raised USD100 million in its August 2020 initial public offering.
The transaction implies an initial pro-forma enterprise valuation of approximately USD220 million, or 2.5x 2022 estimated revenues.
The transaction is expected to close in Q2 of 2021.
SHUAA Capital, the UAE’s premier publicly listed asset management and investment banking firm and Vistas Media Capital Singapore, the parent of the sponsor for Vistas Media Acquisition Company Inc, have gathered
- 04/03/2021
Playfly Sports, a full-service sports marketing company, has acquired three of FOX Sports’ leading businesses: Home Team Sports, Impression Sports, and FOX Sports College Properties.
These additions provide Playfly Sports with the ability to help brands and advertisers reach households nationwide via live US broadcasts of MLB, NBA, and NHL games, and expand their presence in the collegiate and high school multimedia rights space.
Playfly Sports’ platform offers brands a differentiated advertising and media engine consisting of scaled linear, digital, and experiential assets that connect with sports fans at a local, regional, and national level.
“Playfly now has the unique
- 04/03/2021
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