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Athennian, developers of a cloud-based legal entity management software, has secured an USD8 million Series A investment, led by Arthur Ventures, and a previously unannounced USD2 million seed financing round from Q3 2019, bringing the total level of funding to USD10 million. Alongside, Arthur Ventures, whose General Partner, Patrick Meenan, has joined Athennian’s board, today’s funding round is supported by Round13 Capital, InterGen Capital, ATB Financial, and existing investors: Thin Air Labs, BlueSky Equities, Viewpoint Capital, Strategic Equities, and others.
Athennian’s software is used by legal departments and professional services firms to automate subsidiary and entity management. The funds will be
AUA Private Equity Partners has acquired Westminster Pet Products (Westminster), a family-owned developer and marketer of pet treats, chews and supplies as well as shoe care products. Westminster operates out of a 240k square foot BRC-AA certified facility located in Cumberland, Rhode Island, selling to a robust blue-chip North American customer base.
Westminster represents AUA Private Equity’s first platform investment in the pet industry which is supported by attractive industry tailwinds and increasing consumer spending on pets as extensions of the core family. AUA Private Equity will work with existing management to continue the Company’s growth trajectory through product development, increased
Key Capital Partners (KCP) has backed educational virtual reality business, Avantis Systems, with a GBP4.25 million investment. Founded in 2007 by CEO Nik Tuson, Gloucester based Avantis has a strong pedigree in the delivery of educational technology solutions in the classroom.In 2017 it launched ClassVR, a complete system of hardware, software and content that enables teachers to immerse their pupils in a wide variety of virtual reality experiences, sparking creativity and improving pupil engagement. Sales of ClassVR have grown rapidly in the three years since launch with over 40,000 VR headsets now deployed in more than 3,000 schools around the
Neuberger Berman-owned Marquee Brands, a global brand owner, marketer and media company, has appointed Neil Fiske as its first chief executive officer. Fiske has 20 years of brand building experience across various consumer segments. Most recently, he was the chief executive officer of the GAP brand. “Neil brings world-class multi-brand operational experience to Marquee Brands and has a track record of successfully building and repositioning brands. We are very excited to have him lead the team as the company’s first chief executive officer. Neil has the leadership track record and breadth of business experience we believe are critical to lead Marquee,”
International law firm Proskauer has appointed Christopher C Robinson as a partner in the firm’s Private Funds Group in New York.“Chris is an outstanding lawyer with a depth of experience in the Private Funds arena. His joining marks the eleventh lateral partner we have welcomed this year and continues our strategy of growing in our core practices, building on the depth of talent within our Firm,” says Steven M Ellis, Chairman of Proskauer.
“I am thrilled to be joining Proskauer. The firm is known for having a world-class Private Funds practice that is widely respected in the industry. Proskauer recognises
Infoblox, a specialist in Secure Cloud-Managed Network Services, has secured a significant investment from private equity growth investment firm Warburg Pincus. Vista Equity Partners (Vista), an investment firm focused on enterprise software, data and technology-enabled businesses, which acquired Infoblox in 2016, will continue as an investor, with Warburg Pincus and Vista equal partners.
Infoblox is a provider of core networking and cybersecurity solutions that enable enterprise IT managers, network operators, security operators and Chief Information Security Officers to optimise and secure their networks. The investment will help Infoblox accelerate the growth of its core DDI products and continue to invest in
Private equity firm Atlantic Street Capital has appointed Whit Williams as Chief Operating Officer (COO). In this newly created role, Williams is responsible for helping to manage and grow the firm, and sourcing and executing new portfolio investments. He is also a member of the firm’s Investment Committee.
Peter Shabecoff, Co-Chief Executive Officer of Atlantic Street Capital, says: “Whit is a proven leader and investor. We are very excited to welcome him to Atlantic Street Capital as we continue the growth and development of our firm. Given his extensive background, he further strengthens our senior team of investment professionals
Clearwater International has advised Access Creative College, a UKp-based specialist provider of education in the creative industries to 16-19-year olds, on its investment from Apiary Capital (Apiary), a specialist mid-market private equity firm.
Private investment firm GI Partners has held the final closing of its inaugural Data Infrastructure Fund with USD1.8 billion in capital commitments from a broad group of investors. The fund was oversubscribed, surpassing its initial target of USD1.25 billion.
The GI Data Infrastructure Fund continues the firm’s 20-year history of control-oriented investing in hard asset infrastructure companies and properties underpinning the digital economy. The Fund will invest across four data infrastructure sub-sectors data centres, data transport, wireless access, and tech-enabled infrastructure, primarily in North America. The team, which works closely with the firm’s private equity and real estate teams and
The latest IT & Business Services M&A market report from Hampleton Partners, an international technology M&A adviser, reveals how Covid-19 is putting the IT sector on the frontline despite the pandemic’s impact on deal volumes and valuations, with IT departments and suppliers remaining crucial in the shift of entire companies online and in the e-commerce boom. In the first half of 2020, transaction volume dipped to 378 deals, compared to the 416 deals recorded during the second half of 2019.
Along with the number of deals, some valuation multiples came in lower: the trailing 30-month median EBITDA multiple dropped to 9x
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