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Altus Group Limited, a provider of software, data solutions and independent advisory services to the global commercial real estate (CRE) is to acquire Scryer, Inc (dba Reonomy), an AI-powered data platform for the CRE industry, for USD201.5 million (approximately CAD249.5 million) subject to adjustments. The transaction is expected to close on 12 November, 2021.
Mike Gordon, Chief Executive Officer of Altus Group, says: “The combination of Reonomy’s AI-powered data platform with Altus’ suite of software, data and analytics capabilities creates a very compelling client offering that will enable our clients to better manage performance and risk within their CRE portfolios
True Wind Capital, a San Francisco-based private equity firm focused on investing in technology companies, has closed its its second fund, True Wind Capital II, with USD817 million in equity commitments, exceeding the Fund’s target.
True Wind was launched in 2015 by Adam Clammer and James H Greene, Jr, who previously founded and led KKR’s Global Technology Group. Fund II will continue True Wind’s strategy of partnering with strong management teams and investing in leading technology companies across niche sectors within large and growing markets, including software, data analytics, tech-enabled services, internet, financial technology, and hardware.
True Wind received
Socure, a provider of digital identity verification and fraud solutions, has raised USD450 million in oversubscribed Series E funding round valuing the company at USD4.5 billion.
The company achieved a USD4.5 billion valuation just seven months after its USD1.3 billion Series D, on the back of 500 per cent year-over-year bookings growth and nearly USD1 billion of investment demand, earning Socure the highest valuation for any private company in the identity verification space.
The round is part of a Series E transaction led by Accel alongside funds and accounts advised by T Rowe Price Associates, Inc. It also includes
The Riverside Company is to sell its investment in Bohemia Interactive Simulations (Bohemia) to BAE Systems, one of the world’s largest defence contractors. Closing of the transaction will occur once regulatory approvals are secured.
Private markets firm Partners Group, on behalf of its clients, is to sell Pacific Bells, a franchisee of the Taco Bell brand in the US, to Orangewood Partners, a long-term focused private investment firm. The terms of the transaction have not been disclosed.
Founded in 1989 with the opening of a single Taco Bell outlet in Oregon, Pacific Bells now has over 250 restaurants and more than 6,000 employees in the US. Pacific Bells is the fifth largest Taco Bell franchisee in the country with a diversified national footprint across nine states. The Company has proved resilient through Covid-19, largely
BGF has appointed Roshni Bandesha to the role of head of ESG and Sustainability.
In her role at BGF, Bandesha will be responsible for embedding its sustainability strategy and integrating ESG within new and existing portfolio companies. She will report directly into executive chairman, Stephen Welton.
Bandesha has spent the last decade working with global organisations to harness the power of ESG and purpose. Most recently, she led the impact and ESG strategy at LeapFrog Investments, one of the largest dedicated impact investors, reaching over 170 million low-income people across 11 emerging markets.
In her role, Bandesha led
Sustainable Development Capital, SDCL, that it has now raised over USD2 billion for investment in energy efficiency, announced at Built Environment Day for COP26 in Glasgow.
SDCL manages the SDCL Energy Efficiency income Trust plc (SEIT), which is listed on the main market of the London Stock Exchange, which has grown to over GPB1 billion equity market capitalisation. Through a combination of growth of its private equity infrastructure platform and the IPO of the SDCL EDGE Acquisition Corporation (SEDA) on the New York Stock Exchange in October, SDCL has now raised over USD2 billion for investment in energy efficient projects
The Riverside Company, a private investor focused on the smaller end of the middle-market, has appointed Allison Cole as Managing Director & Global Head, Fundraising and Investor Relations, leading Riverside’s expanding global fundraising and investor relations team.
Cole will build and cultivate Riverside’s relationships with investors and oversee the firm’s capital raising efforts.
“From our first interactions with Allison, she impressed us as a person and professional, and she’s a great cultural fit,” says Riverside Co-CEO Stewart Kohl. “We are excited about having her lead our expanding Fundraising and IR team as we grow our USD13.5 billion of assets under
Marc Shore and Dennis Kaltman have formed Max Solutions, Inc (MS), a differentiated packaging platform serving customers’ needs for quality, service, next generation innovation and sustainability.
Shore and Kaltman have a long history of success in the packaging industry, most recently at Multi Packaging Solutions and Westrock. Prior to that, Shore was the CEO of Shorewood Packaging. The funding for MS will be provided by Jefferson Capital Partners, Ltd (JCP) a private equity firm located in Richmond, Virginia. JCP recently closed Jefferson Capital Partners V LP, a fund solely dedicated to investing in MS.
Shore, Chief Executive Officer of
Content Llama, Ireland’s leading content configuration technology (CCT) platform, has secured EUR2.5 million (USD2.9 million) in fundraising to further expand its presence globally and broaden its reach to potential customers.
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