Solutions
Thoma Bravo, a software investment firm, has completed its acquisition of Medallia, a specialist in customer and employee experience, in an all-cash transaction valued at USD6.4 billion.
Aquiline Capital Partners (Aquiline) is to acquire a majority stake in Ripe Thinking Limited (Ripe), a UK-based digital underwriting and insurance distribution platform.
Aquiline is a private investment firm based in New York and London with USD6.9 billion in assets under management, specialising in investments at the intersection of technology and finance. Financial terms of the transaction were not disclosed.
Since its founding in 1997, Ripe has grown rapidly serving a variety of customers across both personal and small commercial lines. Today, Ripe is a leading insurtech business with more than 280,000 policyholders, protecting their specialised needs across golf,
American Water Works Company (AWK), a large publicly traded US water and wastewater utility company, is to sell its Homeowner Services Group to funds advised by Apax in a deal valued at approximately USD1.275 billion.
Upon closing of the transaction, American Water will receive USD480 million in cash and a USD720 million secured Seller’s Note bearing a 7 per cent annual interest rate with a five-year term. In addition, the transaction includes a delayed payment to American Water of USD75 million if certain milestones are met by 31 December, 2023. The structure of the transaction enables initial cash proceeds to
Delta Financial Group (Delta), an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has secured a significant strategic growth investment from an affiliate of Peak Rock Capital (Peak Rock), a middle-market private investment firm.
The structured growth investment will empower Delta to execute an innovative, scalable, and institutional approach to the USD1.4 trillion equipment finance and leasing market. Delta, established by a team of industry professionals and military veterans, primarily focuses on enterprise scale “Fair Market Value” operating leases of mission-critical assets across a range of industries. The company’s core social impact objective is to engage and benefit
SatSure, a Bengaluru-based space-technology startup that builds decision insights using data from satellites for the banking and insurance sectors, has raised an undisclosed amount of equity funding led by Baring Private Equity India.
SatSure will use the capital to hire more people to grow its product portfolio and increase its international business footprint, while also capitalizing its high-resolution optical and multispectral payload demonstration mission in orbit that was announced earlier this year.
SatSure was founded in 2017 by Indian Institute of Space Science and Technology (IIST) alumni Prateep Basu and Rashmit Singh Sukhmani, along with Abhishek Raju. The startup bootstrapped
Trading Technologies International, (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, is to be acquired by 7RIDGE, a specialised growth equity firm invested in transformative technologies.
7RIDGE will fuel Trading Technologies’ organic growth and enable the firm to make targeted strategic acquisitions in the future. Cboe Global Markets, Inc (Cboe: CBOE) and Singapore Exchange (SGX), who are among the limited partners of the fund managed by 7RIDGE, have voiced their support of the transaction. Terms of the transaction, expected to close before year-end subject to regulatory approvals, have not been disclosed.
7RIDGE’s acquisition of
CIBC Innovation Banking, Ten Coves Capital, and Mosaik Partners have provided new credit facilities and equity financing to San Diego-based Point Predictive Inc (Point Predictive), a data and analytics company that helps lenders automate loan decisions, mitigate loan losses and reduce underwriting friction.
Leveraging un-matched industry data consortiums and the power of AI and machine learning models, Point Predictive helps lenders better separate truthful loan applications from those containing fraud and misrepresentation to accelerate the underwriting process − a significant industry demand.
Point Predictive’s solutions help automotive, mortgage, and other consumer lenders reduce manual document verification and consumer friction
RoadSafe Traffic Systems (RoadSafe), a US provider of traffic control and pavement marking services, has acquired Barricade Services & Sales (BSSI), a supplier of traffic control products and services in the Salt Lake City market.
The acquisition of BSSI further establishes RoadSafe’s position in the Mountain West region and expansion into the Utah market, one of the fastest-growing markets for traffic management in the US. The transaction follows RoadSafe’s recent growth in the Pacific Northwest and West Coast, including the acquisition earlier this year of Innovative Marking Systems, and is RoadSafe’s first acquisition since entering into a partnership with private
Filipino social entertainment platform Kumu has raised a Series C led by General Atlantic, a global growth equity firm with more than 40 years of experience scaling disruptive businesses internationally. Existing investors Openspace and SIG also participated.
This transaction marks the largest equity financing to date for a Filipino startup not founded as a subsidiary or spinoff of an established conglomerate and brings total funding to date for the company to USD100 million. It also marks General Atlantic’s first investment in the Philippines.
“Kumu is rapidly emerging as a leading digital content community and social platform in the Philippines,
T Rowe Price Group is to acquire alternative credit manager purchase Oak Hill Advisors and certain other entities that have common ownership for a purchase price of up to approximately USD4.2 billion.
USD3.3 billion is payable at closing, approximately 74 per cent in cash and 26 per cent in T Rowe Price common stock, and up to an additional USD900 million in cash upon the achievement of certain business milestones beginning in 2025.
The purchase price includes the retirement of OHA debt outstanding at closing. Excluding amortisation of intangibles and the expense impact of the earn-out, the transaction is expected
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
