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TPG Capital, the global private equity platform of alternative asset firm TPG, has appointed Jack Daly as a partner.
Daly most recently served as a partner and managing director in the principal investment area (PIA) of the merchant banking division at Goldman Sachs Group, leading the US industrials private equity team.
In his new role, Daly will be a sector leader with a focus on TPG Capital’s investments in the industrials space. He will be based in San Francisco.
“Jack’s experience as an investor and director in a variety of global industrial and technology businesses will be a
Praesidian Capital, a provider of senior and subordinated capital for small and mid-sized businesses, has exited its first-lien debt investment in Aquasana, a Texas-based provider of residential water filtration systems and replacement cartridges.
Praesidian’s debt investment supplemented an equity investment by L Catterton, the largest consumer-focused private equity firm in the world.
Aquasana was acquired in August 2016 by A O Smith Corporation, a manufacturer of residential and commercial water treatment systems, heaters and boilers.
Praesidian’s 2015 investment in Aquasana provided capital to support the company’s vision for strategic growth. With this additional funding, Aquasana was able to
Castanea Partners has appointed Tom First as an operating partner focusing on opportunities in the branded food and beverage sector.
“We are thrilled that Tom will be joining our team,” says Brian Knez, managing partner of Castanea. “Tom is an extraordinarily successful serial entrepreneur, advisor, and investor. His deep passion and experience in the food and beverage space will bring a unique perspective to our existing portfolio and help us identify exciting new investment opportunities.”
Prior to joining Castanea, First was a managing partner at First Beverage Ventures, the investment arm of First Beverage Group.
He was also
Calculus Capital is to make a GBP3 million investment in drug discovery engine C4X Discovery, becoming a cornerstone investor in a GBP5 million AIM fundraising, scheduled for admission to the market on 27 September.
The money will be used to progress C4X’s existing pipeline of pre-clinical drug design and development for use in the treatment of a wide range of diseases and medical conditions.
John Glencross, chief executive of Calculus Capital, says: “C4X Discovery aims to become the world’s most productive drug discovery and development company. That is no small ambition but we believe its patented drug discovery platform, Conformetrix, and revolutionary
Bryan, Garnier & Co has advised Adents, a provider of serialisation and traceability software, on a EUR12 million series C funding round, bringing the total amount raised by the company to EUR20 million in 18 months.
Pharmaceutical counterfeiting has been booming globally. Law and regulations requiring unit tracking and tracing of drugs packages have been issued in the US and in Europe.
Over the last few years, Adents has provides easily deployable serialisation and track-and-trace software solutions for the pharmaceutical and life sciences industries.
Serialisation is a way of ascribing small batches or even single packages individual identification
Audax Private Equity has sold Cadence Education to investment funds managed by Morgan Stanley Global Private Equity.
Terms of the transaction have not been disclosed.
Headquartered in Scottsdale, Arizona, Cadence is a provider of early childhood education focusing on children ages six weeks to 12 years old.
The company has the capacity to serve more than 20,000 students across its national platform of more than 150 schools across 20 states.
Since Audax’ initial investment and partnership with Cadence’s founder Doug MacKay in 2007, the company has acquired 74 schools in 28 acquisitions and opened 14 greenfield locations.
Regulatory DataCorp (RDC) has been acquired from Bain Capital Ventures and others by Vista Equity Partners, a private equity firm focused on software, data and technology-enabled businesses.
The acquisition will allow RDC to increase its investment in risk and compliance software and data solutions to help prevent financial crime.
Headquartered in King of Prussia, Pennsylvania, RDC is a provider of counterparty risk and financial regulatory compliance data and software solutions to financial institutions and technology companies, as well as sharing economy, social media, and multinational companies worldwide.
By combining data, a scalable platform, experienced analysts, and tailored analytics,
Fund administration group Centaur is increasing its product offering and expanding its global footprint by opening an office in Bermuda.
It follows a recent move for Centaur’s European headquarters to larger offices in Dublin’s International Financial Services Centre to accommodate the tenfold increase in employees that Centaur has experienced over the past six years.
The firm now has offices in Dublin, New York, London, Bermuda, and Cayman.
Karen Malone (pictured), founding partner of Centaur, says: “This is an exciting time for Centaur, which has steadily expanded on the back of exceptional performance. Our latest service location in Bermuda
USPAAH, a marketplace-type app which brings the spa to people’s door in less than an hour, has exceeded its crowdfunding target by raising over GBP270,000 from 143 individual investors.
Iglika Ghouse, ex-UBS investment banker and now chief executive and founder of USPAAH, was a time-poor City worker who saw a gap in the market for high-quality on-demand wellness and beauty services.
The app connects clients to trained professionals in real time.
“We know our clients’ time is precious so we’ve made the booking process as easy as possible,” says Ghouse.
Londoners’ increasingly busy schedules have given rise
Health Smart Financial Services, a technology-enabled specialty lender, has completed a minority growth equity financing led by iA Financial Group.
Health Smart's technology platform allows healthcare providers to offer their customers affordable monthly payments for services and products that require private out-of-pocket expense.
Health Smart has a growing base of over 1,500 merchant partners who benefit from the company's instant credit approval and paperless transaction capability.
"This investment by iA Financial Group provides us with additional growth capital to build our merchant and customer relationships, further invest in our leading technology platform, and grow our balance sheet," says
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