Process mining software vendor Minit seals funding

Bratislava-based Minit, a process mining software vendor, has secured 3.3 million euros in funding. The investors were Earlybird Venture Capital and OTB Ventures. PRESS RELEASE [Bratislava /Dec. 13, 2018] – Process Mining Software vendor Minit today announces that it has received €3.3 million in venture funding from Earlybird Venture Capital and OTB Ventures. The company plans to use the funding to grow its team in R&D, sales, marketing, and consultancy, as well as to facilitate expansion into global markets. Minit develops Process Mining Software that visualizes how complex business processes really happen in order to provide transparency into process variants and resource usage, as well as how they can be improved. This helps companies streamline their manufacturing and financial procedures as well as other business-critical processes like bank loan approvals and insurance claim processing. It also provides an effective way to ensure and document process compliance internally
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AnaCap to exit French insurance broker AOG

AnaCap Financial Partners has agreed to sell French insurance broker AssurOne Group to Societe Centrale Prevoir SA. No financial terms were disclosed. PRESS RELEASE AnaCap Financial Partners (“AnaCap”), the specialist European financial services private equity firm, today announces that it has signed an exclusivity arrangement for the sale of AssurOne Group (“AOG”) to Societe Centrale Prevoir SA. AOG is a French insurance broker that specialises in both the online distribution and management of personal insurance products. AnaCap acquired AOG from Seventure Partners, Bpifrance and the company founders in June 2014 (see more via http://www.anacapfp.com/media/25377/anacap-completes-buyout-ofassurone-group.pdf). Initially focused on the direct sale of insurance products, the company successfully developed a wholesale activity through a network of brokers and a white-labelling activity with corporate partners. Following its start as a mono-supplier, AOG has now established relationships with all the major carriers (including AXA, AIG, Generali, Europ Assistance, Metlife, La Mondiale
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Synthace raises $25.6 mln Series B

London-based Synthace Ltd, a developer of a cloud software platform for automating and improving the success rate of biological research and development, has secured $25.6 million in Series B funding. Horizons Ventures led the round with participation from other investors that included Luminous Ventures and SOSV. PRESS RELEASE 12 December – LONDON – Synthace Ltd., the company behind the leading cloud software platform for automating and improving the success rate of biological research and development, today announced the closing of a $25.6m Series B financing round led by Horizons Ventures with additional investment from Luminous Ventures, SOSV and select other individual and large family office investors. Synthace will use the new funds to drive continued product development and build upon its cell and gene therapy customer base to accelerate global awareness of its solutions. Synthace is a leader in Computer Aided Biology, a new paradigm that
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2:00PM Water Cooler 12/13/2018

Today's Water Cooler: Aluminum tariffs good for economy, TWO, Sanders on Jamie Dimon, Julian Castro, Pelosi, RCV in Maine, jobless claims, imports and exports, oil, intersectionality and class, Walmart rant, student loans, warehouse code of conduct, anti-labor Jones Day, cash, Eric the fish

Ancor sells Simply Fresh Foods to Lakeview Farms

Ancor Capital Partners has sold Buena Park, California-based Simply Fresh Foods, a producer of fresh, all-natural foods, to Lakeview Farms LLC. No financial terms were disclosed. PRESS RELEASE SOUTHLAKE, Texas (Dec. 13, 2018) – Ancor Capital Partners, a Dallas-based private equity firm, announces the sale of Simply Fresh Foods to Lakeview Farms LLC based in Delphos, Ohio. Owned by Sequel Holdings LP, Lakeview Farms is a value-driven innovator of fresh and convenient dips, desserts and specialty products that offers a diverse set of products to its customers. The sale was finalized Nov. 26, and terms were not disclosed. Simply Fresh Foods, headquartered in Buena Park, California, produces fresh, all-natural foods for fast-growing segments of the refrigerated products market across a wide range of channels. The company markets its products under several brands. The Rojo’s brand encompasses innovative salsas and dips and is a top label of fresh salsa and
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Mission Bio rallies $30 mln Series B

South San Francisco-based Mission Bio Inc, a provider of single-cell DNA analysis and precision genomics solutions, has secured $30 million in Series B funding. The investors were Agilent Technologies, Cota Capital, LAM Capital and Mayfield. PRESS RELEASE SOUTH SAN FRANCISCO, Calif. (December 13, 2018)– Mission Bio, Inc., the pioneer in single-cell DNA analysis and precision genomics, today announced it raised $30 million in Series B funding from Agilent Technologies (NYSE: A), Cota Capital, LAM Capital, and Mayfield, bringing the total amount raised by the company to more than $50 million. The funds will scale its unique single-cell DNA technology, the Tapestri® Platform, by expanding the market for blood cancer research, while at the same time broadening its scope to CRISPR applications and extending into global markets. Single-Cell Genomics, a Key to Precision Medicine
Identifying precision cancer treatments often involves broad-based next-generation sequencing (NGS). This method provides an average
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Everstone and GLP to invest about $500 mln in India logistics ecosystem

Everstone, an investment firm focused on India and South East Asia and GLP, a provider of modern logistics facilities and technology-led solutions, have teamed up to invest in the logistics ecosystem in India. Together the two firms will invest about $500 million in the space. PRESS RELEASE Mumbai, December 12, 2018 – Everstone and GLP have established a long-term partnership dedicated to investing in the logistics ecosystem in India. The collaboration, the first of its kind in India, expects to invest approximately US$500 million in strategies and technologies to enhance logistics efficiency, while connecting customers with innovative solutions that drive value and competitiveness. Everstone and GLP see significant opportunities across the logistics value chain in India, including express-delivery, smart trucks, telematics and automation/robotics. The partnership will leverage GLP’s extensive expertise in pioneering modern logistics ecosystems and Everstone’s large and growing network through its private equity, infrastructure and real
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Thursday links: a false sense of security

Morgan Stanley Investment Management amasses over $1.4 bln for fund

Morgan Stanley Investment Management has raised over $1.4 billion for its North Haven tactical value fund. The fund will invest in “private, long-term and often illiquid opportunities that are identified primarily by leveraging the global Morgan Stanley network and come from a wide range of asset classes, sectors and geographies.” PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Morgan Stanley Investment Management today announced it has raised over $1.4 billion for North Haven Tactical Value Fund LP and its related funds (collectively “NHTV” or the “Fund”), significantly exceeding its original fundraising target. The Fund seeks to invest in private, long-term and often illiquid opportunities that are identified primarily by leveraging the global Morgan Stanley network and come from a wide range of asset classes, sectors and geographies. Investors in the Fund, the first offering from the team, include some of the world’s largest and most sophisticated institutional investors as well as
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Morgan Stanley Investment Management amasses over $1.4 bln for fund

Morgan Stanley Investment Management has raised over $1.4 billion for its North Haven tactical value fund. The fund will invest in “private, long-term and often illiquid opportunities that are identified primarily by leveraging the global Morgan Stanley network and come from a wide range of asset classes, sectors and geographies.” PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Morgan Stanley Investment Management today announced it has raised over $1.4 billion for North Haven Tactical Value Fund LP and its related funds (collectively “NHTV” or the “Fund”), significantly exceeding its original fundraising target. The Fund seeks to invest in private, long-term and often illiquid opportunities that are identified primarily by leveraging the global Morgan Stanley network and come from a wide range of asset classes, sectors and geographies. Investors in the Fund, the first offering from the team, include some of the world’s largest and most sophisticated institutional investors as well as
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Hi Fidelity Genetics reels in $8.5 mln Series A

Durham, North Carolina-based Hi Fidelity Genetics, a computational crop breeding company, has raised $8.5 million in Series A financing. Fall Line Capital and Finistere Ventures led the round with participation from Gro Alliance, KdT Ventures, Prairie Crest Capital, S2G and Tom Farms. Source: Press Release

Guru snaps up $25 mln Series B

Philadelphia and San Francisco-based Guru, a revenue empowerment network, has raised $25 million in Series B funding. Thrive Capital led the round with participation from return backers Emergence Capital, FirstMark Capital, Slack Fund and Michael Dell’s MSD Capital. Source: Press Release