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Umbrella Network, a decentralised Layer-2 oracle solution, has acquired of Lucidity, a blockchain-based digital advertising oracle.
This deal will be accretive to Umbrella Network as early as Q1 2022. At the time of this transaction, Lucidity had processed over 600 million transactions, with significant transaction growth anticipated this year. With Lucidity’s integration, the Umbrella Network will now be the highest transaction volume oracle in the world, achieved through its unique design that allows the aggregation of data.
In digital advertising, over USD30 billion dollars are wasted every year and advertisers are demanding transparency. Lucidity’s technology solves this problem by unlocking
Sun Capital Partners (Sun Capital), a private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, has promoted three executives who currently serve as members of the Executive and Investment Committees alongside the firm’s two founders.
Senior Managing Director and Head of Private Equity North America, M Steven Liff has been named Senior Partner, and Senior Managing Directors, Operations Bruce Roberson and Tim Stubbs have been promoted to Partner. Together with their promotions, each executive joined the ownership of the general partner.
“We are very happy to welcome Steve, Bruce and Tim as Partners
The Riverside Company, a global private investor focused on the smaller end of the middle market, has sold Y International, high-end Japanese bike retail chain, to Daiwa PI Partners. Terms of the transaction have to been disclosed.
Riverside invested in Y International in 2013. The company serves as an E-commerce and big box retailer of bikes, frames, components, maintenance and fitting services, accessories and apparel for high-end cycling enthusiasts including road bikers, triathletes and mountain bikers.
“We are proud of what we have accomplished with the Y International team, transitioning the organisation from a traditional 100-year-old family-owned business to a
RFE Investment Partners (RFE), a growth-oriented private equity investor with a history of partnering with small businesses, has selected PEF Services to provide fund administration services.
Founded in 1979, RFE’s team of business owners partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market.
“PEF’s reputation in the market for its fund administration expertise, providing exceptional service to clients, and their purpose-built investor portal were all factors in our selection process,” says Don Juricic, Managing Director and Chief Financial Officer of RFE. “Partnering with PEF Services will enable us to gain operational efficiencies that allow
Eurazeo is to raise its stake in Kurma Partners, a French venture capital firm specialising in biotechnology and medical innovation, to 70.6 per cent.
This transaction coincides with Kurma’s launch of a third investment strategy, Growth Opportunity, to support more mature companies, with late stage clinical or early commercial stage asset, in which Eurazeo will be a leading investor.
With nearly EUR500 million in assets under management and more than 45 investments made since its launch in 2009, Kurma Partners has built up strong and widely recognised expertise in the financing of innovation in the health care sector and
Apax, a global private equity advisory firm, has held the the final close of Apax Digital Fund II (ADF II) at its USD1.75 billion hard cap.
onefourzero has assisted Elysian Capital by conducting early-stage commercial diligence of D3O, an company that creates pioneering protective products used worldwide by consumers, military personnel, athletes and industrial workers.
As part of early-stage commercial diligence, onefourzero investigated market demand and growth. This involved a focus on brand resonance through search and social mentions. By focusing on these mentions, we could answer several vital questions, such as what is driving changes in consumer demand, engagement and sentiment, how customers are searching, visiting and engaging, and the potential for achievable growth.
onefourzero also focused on brand recognition and NPS to determine sentiment
NewSpring, a family of private equity strategies, has promoted Hart Callahan to Partner of NewSpring Growth, the Firm’s dedicated growth and expansion strategy.
NewSpring Growth invests in industry-transforming, fast-growing companies with talented, innovative management teams to support their growth.
“The NewSpring Growth team is composed of former operators and investors with a relentless focus on value creation. The promotion of Hart further strengthens this team’s ability to source attractive investment opportunities and help our existing portfolio companies devise innovative growth strategies that bring their businesses to new heights, creating measurable value for both our management teams and our investors,” says
LBO France, through its Small Caps Opportunities II fund, has acquired a majority stake in the French company Baobag, alongside BNP Paribas Développement, AfricInvest and the management team – the latter led by Fabrice Saffré, to increase the company’s position in its markets.
Baobag originated from the merger of Sacherie du Midi and Framapack in 2007. The company is a pure distributor of Flexible Intermediate Bulk Containers (FIBC), commonly known as big bags. The company operates throughout the value chain, including design, sourcing, transportation and storage. Through the development of tenured and exclusive relationships with trusted manufacturing partners around the
Jscrambler, a technology company specialising in cybersecurity products for web and mobile applications, has raised USD15 million in Series A financing.
The round was led by Ace Capital Partners, with the participation of existing investors including Portugal Ventures. With previous investor Sonae IM and now Ace Capital Partners, Jscrambler is supported by two of the largest cybersecurity-focused growth investors in Europe.
The funding will be used to augment marketing and sales resources in the US and European markets, as well as strengthen and accelerate the product roadmap to meet current customers’ expanding requirements.
In tandem, Jscrambler also announced
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