PE Tech Report

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Arlington Capital Partners (Arlington Capital), a Washington DC-based private equity firm, is to sell Centauri to KBR for USD827 million. Centauri is an independent provider of space, directed energy, and other advanced technology solutions to the United States Intelligence Community and Department of Defense. Centauri is headquartered in Chantilly, Virginia with 22 offices strategically positioned within the United States and employs more than 1,750, half of whom have advanced degrees.   David Wodlinger, a Partner at Arlington Capital, says: “During our partnership, Centauri achieved dramatic growth and, through unique subject matter expertise along with aggressive investments in technology, solidified its role
meat free burgers
Lever VC, an alternative protein VC fund whose partners were investors in Beyond Meat, Impossible Foods and Memphis Meats, has held a first close of its first fund, which currently has USD23 million in commitments.
Text messaging
Palo Alto-based Social Capital, a tech holding company founded by Chamath Palihapitiya that supports innovative companies in healthcare, artificial intelligence, climate change and space has acquired Hustle, a peer-to-peer text messaging platform. Chief executive officer Steven Pease and the Hustle management team will continue in their roles following the deal. Founded in 2014, Hustle offers peer-to-peer text communication tools that create human connections between organisations and their contacts. Hustle’s TCPA compliant platform enables two-way conversations that develop connections over text messaging, eliminating barriers and igniting support for advocacy groups, fundraising, admissions and recruiting.  Organisations using Hustle already include the American
EQT Infrastructure’s EQT Infrastructure IV fund has agreed to acquire EdgeConneX from an investor group led by Providence Equity Partners (Providence).EdgeConneX builds and operates data centres for cloud, content, network and other service providers requiring both larger purpose-built facilities as well as edge facilities located closer to consumer and enterprise users to support latency-sensitive applications cost effectively. The Company’s broad footprint and relentless customer-focused business strategy have proven ideally suited to support these sophisticated customers’ strategic data centre demands, from the Hyperscale to the Edge. As customers rapidly expand their critical infrastructure around the globe, they look to EdgeConneX as
DayDayCook, a China and Hong Kong-based lifestyle cooking platform, has raised USD20 million in funding to step up its expansion. The round was led by London-based venture capital firm Talis Capital with participation from Hong Kong-based VC Ironfire Ventures. Founded in 2012 in Hong Kong by Norma Chu, DayDayCook is China’s leading cooking multimedia platform, providing a wide variety of quality recipes and methods for traditional and modern Chinese dishes to its users. The platform has over 475 million views per month from its website, mobile app, and multiple online streaming and video channels such as YouTube, China-based iQiyi, TikTok and
Panta Capital has launched its Private Equity Co-Investment Service and its seed investment of EUR500,000 in fertiliser startup Rembuyung. Headquartered in Jakarta, with EUR23.3 million AUM, the firm will focus on raising private equity investment from Europe to co-invest in high growth companies and projects in Indonesia, combining in-country knowledge with Germanic rigour and investment procedures, while giving practical support to promote growth in investee enterprises. Panta will act as lead investor, providing investment research, due diligence and advisory services to its private equity co-investor clients.   Panta Capital’s founder and CEO is German-educated entrepreneur Daniel Tjoa, who started investing while
Cyware, a provider of cyber fusion solutions, has raised a USD10 million Series A round to enhance its threat intelligence automation, threat response, and security orchestration solutions. This round was led by the Prelude Fund (the venture practice at Mercato Partners), and Tanium, a provider of unified endpoint management and security. Cyware’s seed investors, Emerald Development Managers and Great Road Holdings, also participated in the round. “This latest financing round is an important milestone in Cyware’s journey. It strengthens our ability to continue our growth and become a more innovative, customer-centric company,” says Anuj Goel, CEO and co-founder of Cyware. “As
Foresight Group (Foresight) has completed the acquisition of Pensions Infrastructure Platform Limited (PiP) which was previously announced in July 2020.Paula Burgess, CEO of PiP, becomes a Partner of Foresight and the PiP team, including CIO Ed Wilson and Head of Asset Management Andy Clapp, have joined Foresight’s infrastructure team of investment and asset management professionals.  The PiP platform and portfolio will continue as a discrete entity within Foresight, and the PiP team will continue to manage PiP’s assets and relationships with its LPs, building on this base for further diversification.  The acquisition sees Foresight’s assets under management grow by 38
Muhammad Akram, Akram Associates
Along with the Covid-19 pandemic’s tumult, alternative investment fund managers have had to face a number of tax changes that are anticipated to have a tremendous impact on their business. 
Oil wells
Texas-based private investment firm Andros Capital Partners has closed its energy-focused inaugural investment fund Andros Energy Capital LP at its USD250 million hard cap. Andros did not use a placement agent or any outside advisor in connection with the capital raise. Partners Michael De Voe Piazza and Phillip Isom of Willkie Farr Gallagher LLP provided legal counsel to Andros in connection with the fund formation. The fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector. Andros is mainly focused on middle-market transactions requiring between USD25 and USD200 million

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