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iCapital Network, a global financial technology platform focused on access and efficiency in alternative investing for the asset and wealth management industries, has raised USD440 million in funding round led by Temasek, with participation from Owl Rock, a division of Blue Owl Capital; MSD Partners; Noah Holdings and Golub Capital.
Additional commitments came from existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management. Today, the company’s valuation is approximately USD4.0 billion.
The company will use the proceeds from the capital raise to enhance its platform technology,
In a recent snap poll by audit, tax and consulting firm RSM, almost three quarters (74 per cent) of private equity backed middle market businesses said that their investor has had a positive effect on their firm’s future prospects.
Nearly seven in 10 (69 per cent) believed their private equity investor had a positive effect on their firm’s resilience during the global Coronavirus pandemic, as communication between businesses and investors increased for nearly three fifths of the companies (68 per cent).
With 59 per cent of businesses saying that the pandemic has had a negative or very negative effect on
Global private markets firm Partners Group has agreed, on behalf of clients, to acquire Reedy Industries (Reedy), a US-based heating, ventilation and air conditioning (HVAC) service provider, from Audax Private Equity.
As part of the transaction, the Reedy family, management, and Audax, will remain minority investors in the Deerfield, Illinois-headquartered business. The transaction is expected to close in the third quarter of 2021.
Founded in 1930 with a 90-year history, Reedy provides mission-critical maintenance, repair and replacement services for commercial HVAC, chilled water, plumbing, building automation, and controls equipment in the US. The Company has over 1,500 employees who keep
HIG Capital (HIG) has sold portfolio company US Medical Supply (US MED to Advanced Diabetes Supply (ADS), a portfolio company of Court Square Capital Partners Inc. Terms of the transaction have not been disclosed.
US MED is among the largest and fastest growing direct-to-consumer specialty distributors of Continuous Glucose Monitors (CGM) and medical supplies in the nation. The Company’s success is a result of its talented and dedicated team, competitively differentiated platform, unique patient recruitment strategies and industry-leading patient satisfaction.
HIG acquired US MED in August 2015 and collaborated with management to craft a strategic vision of transforming US MED
Growthdeck has exited its investment in electric vehicle developer Saietta Group via an IPO on London’s Alternative Investment Market, delivering up to 22x valuation to Growthdeck’s early stage EIS investors.
The AIM IPO, which took place on Wednesday, 7 July, raised GBP37.5 million of new investment, and gave Saietta Group a market capitalisation of cGBP105 million. The IPO will allow the group to establish a motor durability testing facility and expand European production capacity to 100,000 motors per year.
Growthdeck raised three separate rounds of investment for Saietta in 2017, 2018 and 2020. While returns vary depending on how long
Cobee, a European leading employee benefits management digital platform, has raised EUR14 million in Series A funding led by the leading European venture capital firm Balderton Capital.
Invested also joined the round along with previous investors SpeedInvest, Target Global, Encomenda and Lanai, as well as
angels from Zalando, N26, Uber and Gympass.
Cobee was founded in 2019 by Borja Aranguren, Daniel Olea and Nacho Travesí with the mission to improve employee wellbeing. The flexible and innovative employee benefit management platform brings a wide range of benefits for staff from gyms, to insurance products, perks, and vouchers into one app instead
Ropes & Gray has advised Pulsant, one of the leading nationwide providers of data centre and cloud infrastructure in the UK, on its sale from Oak Hill Capital and Scottish Equity Partners to Antin Infrastructure Partners.
Pulsant owns and operates a portfolio of ten data centres across seven cities in the UK. It provides essential data centre and cloud infrastructure, including colocation, private cloud, and network connectivity to a loyal base of over 1,000 private enterprise and public sector customers.
Following completion of the acquisition, Antin will work with Pulsant’s experienced management team, led by CEO Rob Coupland and
Saber Labs, a core contributor to Saber, the first Solana-based cross-chain stablecoin exchange, has secured USD7.7 million in a seed round led by Race Capital, with participation from Chamath Palihapitya’s Social Capital, Jump Capital, Multicoin Capital, Solana Foundation, and others, as well as crypto industry leaders from FTX, Okcoin, Curve, Terra, and Stacks.
With the newest injection of funds, Saber will continue to expand its decentralised liquidity network, which already includes assets originated from Solana, bitcoin, Ethereum and Terra.
Saber helps users trade digital assets quickly and efficiently, using the Solana blockchain. The exchange is focused on supporting robust stablecoin
Elvie, a global health and lifestyle brand developing products for women, has raised GBP58 million (USD80 million) in a Series C funding round.
The round was led by BGF, with further investment from funds and accounts managed by BlackRock Private Equity Partners (BlackRock) and a consortium including Hiro Capital and Westerly Winds, plus existing investors Octopus Ventures and IPGL.
Founded in 2013 by CEO Tania Boler, Elvie brings together a team of world-class engineers, designers and business minds to develop extraordinary products that improve women’s lives – revolutionising categories which had been overlooked for many years, including breast pumps
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Europe’s venture capital market booming in 2021
Europe’s venture capital market booming in 2021