PE Tech Report

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In this webinar Intralinks and industry experts evaluate how PE groups have been adjusting to performing ODD during the lockdown. We explore the technologies that have played a key role in helping PE firms identify and overcome issues and what specific areas of ODD work well ‘virtually’. Could this virtual approach be the new normal going forward? Other key topics discussed include: How are PE groups themselves responding to investor ODD requests during this period to ensure they are meeting expectations? What key questions should COOs/CFOs be asking if they look to embrace virtual ODD? Panel: – Jason Barg // Partner, Lovell Minnick Partners –
William Blair, a global boutique with expertise in investment banking, investment management, and private wealth management, has appointed Arthur van der Goes as a managing director in the firm’s global Consumer and Retail investment banking team. Focusing on food and beverage, van der Goes will be based in Amsterdam, a continuation of the firm’s strong commitment to the Benelux region, and Europe more widely. “We are continuing to expand our European presence and are investing in our team to better serve our clients across the continent,” says Anu Sharma, head of European investment banking. “We have a long history of serving
Pravati Capital, a litigation specialist and consulting firm, has launched its fifth investment fund, Pravati Investment Fund V (Fund V), with USD200 million. Fund V follows four of Pravati’s successful funds launched over the span of seven years. The new fund offers, for the first time, non-US and US-tax exempt qualified international investors the opportunity to invest in alternative investment vehicle specialised in the litigation finance sector. Fund V, as past funds, is structured using the proven methodology of stringent due diligence in selecting and structuring investments, while providing opportunities for law firms to restructure, regain financial footing and build their
Clayton, Dubilier & Rice (CD&R) has reached an agreement with HD Supply Holdings under which CD&R funds will lead an investment to acquire HD Supply’s Construction & Industrial business (aka White Cap), a distributor of specialty concrete and construction products, and combine it with the Construction Supply Group (CSG), a distributor of specialty concrete and masonry accessories. Upon the closing of both transactions, CD&R funds will hold a 65 per cent ownership interest in the combined company, and the current shareholders of CSG, led by The Sterling Group, will hold a 35 per cent interest. The combined transaction, valued at approximately
Heart surgery
InnovHeart, a developer of novel transcatheter mitral valve replacement systems for the treatment of mitral valve disease, has received EUR20 million in a round of equity financing from a syndicate of investors. The Series B round was raised from existing Milan-based investor Genextra which has been the sole investor since 2015, and a syndicate led by Panakes Partners, with CDP Venture Capital and Indaco Venture Partners joining the round. The equity will be used to complete the first-in-human clinical evaluation of the company’s Saturn TMVR system using a trans-apical approach. The new capital will also allow InnovHeart to finalise the
NorthEdge Capital, which manages over GBP650 million of private equity funds aimed at the North and Midlands regions, has recruited a new director and made six senior promotions.The firm, which focuses on companies seeking equity investment to support MBOs, development capital and equity release transactions, has recruited Liam May as a Director in its Manchester office. Liam joins from NVM Private Equity where he was an Investment Director investing in a range of companies across the North West. His prior experience includes roles with GCA Altium and EY. At NorthEdge he will be responsible for originating, transacting and managing investments.
Circularity Capital has continued to build its portfolio of European growth-stage businesses enabling the circular economy, by leading a growth funding round in Shark Solutions, a specialist in advanced recycled PVB products.
Align Capital Partners (ACP) has acquired Electronic Transaction Consultants Corporation (ETC) from Italian parent company Atlantia SpA. Headquartered in Texasm, ETC is an specialist software and services provider of electronic tolling technology and smart mobility solutions. Founded in 1999, ETC serves electronic tolling agencies by providing back office and roadside services through its next-generation, modular software platform. The Company’s proprietary software utilises artificial intelligence (AI) technology and big data to meet unique tolling and transportation needs at a lower cost to the customer. “We are looking forward to working with a growth-oriented partner who wants to further invest in our technology
Industry Ventures an investment firm focused on the venture capital market, has held the final closing of Industry Ventures Direct II, with total commitments of USD180 million. The Fund will continue the same strategy of making direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund managers backed by the firm. Industry Ventures has previously invested into more than 100 technology companies directly and through dedicated co-investment funds (SPVs). Seven of these companies have completed IPOs, specifically: Datadog, Fastly, Guardant Health, Instructure, Lifelock, Uber and Yeahka. Another seven of these companies have achieved private valuations of USD1
Guardian Capital Partners has appointed Damien J Gresko as a Vice President. Gresko has both deal and strategic operating experiences in public and private markets. In addition to deep consumer products and manufacturing expertise, Gresko has substantial experience across a diverse set of industries and circumstances, leading successful outcomes through all phases of an investment lifecycle, from end-to-end transaction execution through portfolio management and exit. Most recently, Gresko led a variety of strategic initiatives to deliver growth, cost savings, and capabilities for The Hershey Company, an USD8 billion global consumer company and US market leader in snacking. While at Hershey, Gresko

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