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Nordic Capital and Astorg are to jointly acquire Cytel from New Mountain Capital.
Cytel is one of the largest providers of statistical software and advanced analytics for clinical trial design and biometrics execution. Building on Cytel’s advanced software platform and leading biometrics services offerings, the new owners will invest in the continued development of the business and its software. Cytel’s mission is to continue providing life sciences companies with cutting-edge clinical trial optimization technologies and harness the full value of their clinical and real-world data. Cytel’s management team, led by CEO Josh Schultz, will continue to lead the organisation, building
IK Investment Partners’ (IK) IK VII Fund is to sell Signature Foods to Pamplona Capital Management (Pamplona). Financial terms of the transaction have not been disclosed.
Signature Foods is a leading chilled convenience food company active in the growing European market, offering a unique combination of A-brands and a private label offering in the categories of spreads and dips, bites and tapas, and meal solutions. It owns several leading consumer brands, including Johma and Délio.
The company has a very strong presence in Benelux, particularly in the spreads category, and a rapidly growing European footprint, having recently expanded into
Middle market private equity firm Gryphon Investors (Gryphon) has become the majority investor in Meazure Learning (Meazure), a full-service exam delivery and online proctoring solution provider for academic, professional, and lifelong learners.
Existing sponsor Eastside Partners will retain a significant ownership stake, as will the Company’s management team, including go-forward CEO Scott McFarland. Financial terms of the transaction were not disclosed.
Meazure Learning is the world’s largest remote exam proctoring company, also offering a full suite of assessment products and services, including proprietary exam development and delivery software as well as reporting and psychometric services, to the academic and
Alter Domus, a provider of integrated solutions for the alternative investment industry, has acquired IPS Fund Services, a Boston-based fund administrator serving private equity and venture capital funds.
The strategic acquisition is a milestone achievement in Alter Domus’ North America growth strategy and further enhances its East Coast footprint.
IPS Fund Services, with USD9 billion in assets under administration, will join Alter Domus’ global team of over 1,000 private equity professionals to collaborate across regions and support clients. IPS Fund Services has an extensive background in multi-jurisdictional funds with asset class-specific expertise and a strong understanding of changing regulatory
Queen’s Park Equity (QPE) has held final close of its debut fund, Queen’s Park Equity Partners I, LP. The Fund was oversubscribed and closed at its hard cap of GBP185 million of third-party institutional commitments, exceeding the GBP150 million target.
The strong investor support for the Fund, the sole UK first-time fund raised entirely during the CV-19 pandemic, came from international institutions including endowments, foundations, family offices, pension funds and fund-of-funds, as well as from the QPE founders’ network of highly experienced, sector specific ambassadors.
The successful fundraise, completed in a challenging economic environment, is testament to the team’s experience
Specialist Risk Group (SRG), a fast-growing specialist insurance broker, has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC.
SRG’s management team will invest alongside HGGC and continue to hold a significant stake in the business. The private transaction is expected to close in Q1 2021, subject to regulatory approval. As part of the transaction, existing investor Pollen Street Capital will exit the business.
SRG was formed by Pollen Street Capital through the acquisition of Miles Smith in 2018 and The Underwriting Exchange in 2019. Under the leadership of Group CEO Warren Downey, SRG is
Zipari, the company behind the first and only consumer experience platform built specifically for health insurance, has secured a strategic growth investment from Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector.
Through this investment valuing the company at more than half a billion dollars, Zipari will combine with Healthx, a provider of trusted healthcare engagement technologies, to create the leading CX platform and solutions for health insurance payers and third-party administrators. Mark Nathan, Founder and CEO of Zipari, will continue to lead the business. The company will remain headquartered in Brooklyn, New York.
United E&C (United), an infrastructure engineering, procurement, construction and consulting company, formerly the Power Construction division of AECOM (ACM), has launched as an independent company following the closing of AECOM’s sale of United to affiliates of CriticalPoint Capital (CPC).
“United continues our 115-year heritage of providing end-to-end engineering and construction services to the power industry,” says Scott Reeder, Chief Executive Officer of United. “In CriticalPoint Capital, we have found a partner with the industry knowledge and operational resources to support our vision. We are excited to work with CPC to build upon our legacy of providing critical infrastructure and services
StarCompliance (Star), a provider of employee compliance and regulatory technology solutions to the financial services industry, has secured a majority-control, growth equity investment from Marlin Equity Partners (Marlin).
The transaction enables Star to further expand its leadership position within the global compliance market by accelerating product innovation and supporting the company’s ongoing international expansion. Luminate Capital Partners (Luminate), the company’s majority shareholder since 2017, will retain a minority stake.
With a client base of over 500,000 users across 83 countries, Star is a market-leading, highly configurable compliance solution trusted by the world’s largest regulated firms, including asset managers, investment
Paxos, a regulated blockchain infrastructure platform, has closed a USD142 million Series C round of funding.
Declaration Partners, the investment firm backed by the family office of David M Rubenstein, led the round, which includes investments from Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group and more. Previous Paxos investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, Paxos has raised more than USD240 million in funding.
Charles Cascarilla, CEO and Co-Founder of Paxos, says: “In the last year, global adoption of crypto and blockchain-based solutions by
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