CapStreet sells stake in Eads to FCX

The CapStreet Group has sold its stake in The Eads Company to FCX Performance Inc. No financial terms were disclosed. Robert W. Baird advised Eads on the deal while Willkie, Farr and Gallagher was legal counsel. Houston-based Eads is a provider of flow control products serving the petrochemical, refining and other industrial markets. PRESS RELEASE HOUSTON–(BUSINESS WIRE)–The CapStreet Group (“CapStreet”) today announced it has completed the sale of its investment in portfolio company The Eads Company (“Eads”, or “the Company”) to FCX Performance, Inc. (“FCX”). Eads is a leading distributor of flow control products serving the petrochemical, refining and other industrial markets. “Partnering with the Eads management team has been a great experience as the company has transformed into a marketplace leader,” said Paul De Lisi, a Partner at The CapStreet Group. “Steve Albert and the entire Eads team have been extremely effective executing the Company’s strategic growth plan, which
Continue reading "CapStreet sells stake in Eads to FCX"

Video creation platform VidMob inks $57 mln Series A

VidMob, a video creation platform, has raised $57 million in Series A funding. The investors included Manifest Investment Partners, Interlock Partners, Stampede Ventures, Acadia Woods Partners and Macanta Investments. PRESS RELEASE NEW YORK, NY – November 17, 2017 – VidMob, the world’s leading video creation network and platform, announced today that it has secured $7.5 million in a Series A round of financing. In addition to the ongoing participation of many of VidMob’s original seed investors, participants in the Series A round include Manifest Investment Partners, Interlock Partners, Stampede Ventures, Acadia Woods Partners, and Macanta Investments. VidMob has now raised over $13 million in total since its inception in 2015. VidMob aims to help companies, agencies and brands improve video production efforts by marrying a curated community of professional video creators with a sophisticated workflow platform designed to make human creativity scalable. “As the web continues its transition
Continue reading "Video creation platform VidMob inks $57 mln Series A"

PE-backed Edward Don & Company buys Atlanta Fixture

Edward Don & Company, which is backed by Vestar Capital, has acquired Atlanta-based Atlanta Fixture and Sales Company Inc, a food service equipment and supplies distributor. No financial terms were disclosed. PRESS RELEASE WOODRIDGE, IL – November 17, 2017 – Edward Don & Company, a nationwide distributor of foodservice equipment and supplies, announced today the acquisition of certain assets of Atlanta Fixture and Sales Company, Inc., located in Atlanta, Georgia. Since 1927, Atlanta Fixture has been a leading foodservice equipment and supplies distributor in the Atlanta market and throughout the Southeast Region. Atlanta Fixture will operate as a division of Edward Don & Company and will remain under the leadership team of Ron Bruck, Bill Watson, Marty Levenstiem and Jess Logan. “We look forward to adding the resources of the Atlanta Fixture team in the Southeast Region,” said Steve Don, CEO of Edward Don & Company. “Atlanta
Continue reading "PE-backed Edward Don & Company buys Atlanta Fixture"

GoSpotCheck nabs $21.5 mln

Denver-based GoSpotCheck, a SaaS-based field execution management platform, has secured $21.5 million in funding. Insight Venture Partners and Point Nine Capital led the round. PRESS RELEASE DENVER, Nov 17, 2017 – GoSpotCheck, the SaaS-based field execution management platform, today announced it has closed $21.5 million in Series B1 funding, led by existing investors Insight Venture Partners and Point Nine Capital. GoSpotCheck has now raised $47.5 million dollars as the company pursues additional investments in its state-of-the-art mobile platform. “At GoSpotCheck, it’s our mission to provide companies with tools that enable their employees to do great work and stay ahead of the competition with real-time insights and intelligence in the field,” said Matt Talbot, CEO at GoSpotCheck. “In the last year, GoSpotCheck has had 100% year over year growth and data captured through our software has increased by nearly 200%. With this latest round of funding, we
Continue reading "GoSpotCheck nabs $21.5 mln"

Deliveroo adds extra $98 mln to Series F round

London-based Deliveroo, an online food delivery company, has raised an additional $98 million to its Series F funding round, bringing the total tally to $482 million. T. Rowe Price Associates and Fidelity Management & Research Company led the round. PRESS RELEASE London – 17 November 2017. British technology company Deliveroo today announced that it has raised a further $98m to close its Series F funding round, bringing the total raised to $482m.
This comes as Deliveroo announces that as of 21st November it will be operating in 200 cities worldwide. Deliveroo’s 200th city will be Cannes in France, where Deliveroo will begin serving customers on Tuesday. The Series F funding round has been led by T. Rowe Price Associates and Fidelity Management & Research Company, investment managers who have previously backed global technology companies including Facebook, AirBnB and Tesla. Existing investors DST Global, General Catalyst, Index Ventures, and Accel
Continue reading "Deliveroo adds extra $98 mln to Series F round"

VC-backed scPharmaceuticals rakes in almost $90 mln for IPO

Burlington, Massachusetts-based scPharmaceuticals Inc, a biopharmaceutical company that is developing drugs for subcutaneous delivery, has raised $89.6 million for its IPO after pricing its 6.4 million shares at $14 per share. The stock began trading November 17, 2017 on the NASDAQ under the ticker symbol “SCPH.” Jefferies, Leerink Partners and BMO Capital Markets are the lead underwriters. The company’s pre-IPO backers include OrbiMed, 5AM Ventures and Lundbeckfond Ventures. PRESS RELEASE BURLINGTON, Mass., Nov. 16, 2017 (GLOBE NEWSWIRE) — scPharmaceuticals Inc. (the “Company”) a pharmaceutical company focused on developing and commercializing products that have the potential to transform the way therapy is delivered, advance patient care and reduce healthcare costs, today announced the pricing of its initial public offering of 6,400,000 shares of common stock at a public offering price of $14.00 per share, before underwriting discounts and commissions, for gross proceeds of $89.6
Continue reading "VC-backed scPharmaceuticals rakes in almost $90 mln for IPO"

Bluegreen Vacations rolls out IPO

Boca Raton, Florida-based Bluegreen Vacations, a vacation ownership company, has debuted its IPO after pricing its over 6.4 million shares at $14 per share. The stock began trading November 17, 2017 on the New York Stock Exchange under the ticker symbol “BXG.” Stifel and Credit Suisse are the lead underwriters. Bluegreen Vacations is backed by BBX Capital. PRESS RELEASE BOCA RATON, FL and FORT LAUDERDALE, FL–(Marketwired – November 16, 2017) – Bluegreen Vacations Corporation (“Bluegreen Vacations”) and its parent company, BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), jointly announced today that Bluegreen Vacations has priced its initial public offering of 6,498,648 shares of its common stock at a price to the public of $14.00 per share. Bluegreen Vacations is offering 3,736,723 shares, and a wholly-owned subsidiary of BBX Capital is offering 2,761,925 shares as a selling shareholder. The shares are expected to begin trading on
Continue reading "Bluegreen Vacations rolls out IPO"

Thoma Bravo-backed SailPoint goes public

SailPoint Technologies Holdings, a portfolio company of Thoma Bravo, has raised $240 million for its IPO after pricing its 20 million shares at $12 per share. The stock began trading November 17, 2017 on the New York Stock Exchange under the ticker symbol “SAIL.” Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Jefferies LLC and RBC Capital Markets LLC are the lead underwriters. Based in Austin, Texas, SailPoint is a provider of of on-premises and SaaS-based identity and access management solutions. PRESS RELEASE AUSTIN, Texas–(BUSINESS WIRE)–SailPoint Technologies Holdings, Inc. (“SailPoint”) today announced the pricing of its initial public offering of 20,000,000 shares of its common stock at a public offering price of $12.00 per share. SailPoint is issuing and selling 14,300,000 shares of common stock and the selling stockholders are selling an additional 5,700,000 shares of common stock. SailPoint and certain selling stockholders have
Continue reading "Thoma Bravo-backed SailPoint goes public"

Teall backs Sunshine Beverages

Teall Investments has made an investment in Winston-Salem, North Carolina-based Sunshine Beverages, a beverage company. No financial terms were disclosed. PRESS RELEASE WINSTON-SALEM, N.C., Nov. 17, 2017 /PRNewswire/ — Teall Investments, a private equity company based in Winston-Salem, NC; Atlanta, GA; and San Francisco, CA, recently invested in Sunshine Beverages, a beverage company also based in Winston-Salem, NC. Sunshine Beverages produces, markets and sells a “better-for-you” energy beverage, branded Sunshine, which is quickly expanding across the Southeast with three refreshing flavors: Ginger Berry, Blueberry Lemonade, and Clementine Twist. Sunshine Beverages produces, markets and sells a “better-for-you” energy beverage, branded Sunshine, which is quickly expanding across the Southeast with three refreshing flavors: Ginger Berry, Blueberry Lemonade, and Clementine Twist. Sunshine Beverages produces, markets and sells a “better-for-you” energy beverage, branded Sunshine, which is quickly expanding across the Southeast with three refreshing flavors: Ginger Berry, Blueberry Lemonade, and Clementine
Continue reading "Teall backs Sunshine Beverages"

Alantra taps Hadfield as MD

Alantra, an investment bank and asset manager, has named Scott W. Hadfield as a managing director. Previously, Hadfield worked at G.C. Andersen Partners where he served as a managing director. PRESS RELEASE BOSTON, November 16, 2017 – Alantra, a global investment banking and asset management firm, is pleased to welcome Scott W. Hadfield as Managing Director. With the addition of Mr. Hadfield, Alantra will now expand its Debt Advisory and Structured Equity advisory services to the US. Mr. Hadfield is based in New York. Mr. Hadfield has over 20 years of middle-market investment banking experience and a proven track record in designing innovative financing solutions to help clients achieve their capital raising objectives. His primary area of expertise is advising corporate, family owned and private equity clients on the structuring and arranging of debt financing and customized equity capital solutions for acquisitions, leveraged buyouts, refinancings, growth capital and
Continue reading "Alantra taps Hadfield as MD"

Warburg Pincus expands stake in Avaloq

Warburg Pincus has agreed to acquire Raiffeisen’s 10 percent stake in Avaloq, a Swiss fintech company. No financial terms were disclosed. As a result of the deal, Warburg Pincus’ ownership stake in Avaloq will increase to 45 percent. PRESS RELEASE Warburg Pincus to acquire Raiffeisen’s 10% stake in Avaloq Avaloq and Raiffeisen Switzerland are enhancing the way they cooperate and are changing their collaboration into a long-term client-supplier relationship. In line with this, Warburg Pincus is to acquire Raiffeisen’s 10% stake in Avaloq. In addition, Avaloq has reached an agreement in principle to acquire the remaining 51% of the joint venture ARIZON from Raiffeisen Switzerland as per 1 January 2019 and assuming full ownership in Arizon. Furthermore, as part of the proposed transaction, ARIZON will enter into a service agreement with Raiffeisen running until the end of 2024. The Avaloq group, an international fintech company and a leader
Continue reading "Warburg Pincus expands stake in Avaloq"

Equistone invests in BFT Mastclimbing

Equistone Partners Europe Limited has acquired a majority stake in UK-based BFT Mastclimbing, a provider of mast climbing work platforms. No financial terms were disclosed. PRESS RELEASE London, 17 November 2017 – Equistone Partners Europe Limited (“Equistone”), one of Europe’s leading mid-market private equity investors, today announces its investment in BFT Mastclimbing (“BFT” or “the company”), a leading UK independent specialist for the specification, rental, and installation of Mast Climbing Work Platforms (“MCWPs”). Equistone has acquired a majority stake in the company, investing alongside current CEO and founder Robin Head. The financial terms of the deal are undisclosed. Founded in Leighton Buzzard in 1997, BFT Mastclimbing today maintains a fleet of over 650 motorised MCWPs to provide a cheaper, safer, and more flexible alternative to traditional scaffolding on construction, renovation, and maintenance projects nationwide. Operating out of the company’s central UK depot in Bedfordshire, BFT’s experienced team undertakes specification,
Continue reading "Equistone invests in BFT Mastclimbing"

Encore sells AAF to Ontario Teachers’

Ontario Teachers’ Pension Plan has acquired Atlantic Aqua Farms, a grower and processor of mussels, from Encore Consumer Capital. No financial terms were disclosed. William Blair provided strategic and financial advisory services to AAF and Encore, while Blake, Cassels & Graydon LLP served as legal counsel. PRESS RELEASE SAN FRANCISCO–(BUSINESS WIRE)–Encore Consumer Capital, a private equity firm that invests exclusively in leading consumer products companies, has completed the sale of Atlantic Aqua Farms (AAF) and its affiliated entities to Ontario Teachers’ Pension Plan (Ontario Teachers’). AAF is the largest grower and processor of the renowned Prince Edward Island blue mussel, and also offers a wide selection of branded oysters, clams, and live Maine and Canadian lobster. AAF will continue to be led by Terry Ennis, CEO, and his leadership team. Financial terms were not disclosed. Kevin Murphy, managing director of Encore Consumer Capital, said, “We have thoroughly enjoyed our
Continue reading "Encore sells AAF to Ontario Teachers’"

Battery-backed Alogent buys Jwaala

Alogent, which is backed by Battery Ventures, has acquired Austin, Texas-based Jwaala LLC, a provider of digital banking solutions for U.S. financial institutions. No financial terms were disclosed. PRESS RELEASE Peachtree Corners, GA – November 14, 2017 – Alogent announced today that Jwaala LLC has been added to its digital banking technology portfolio. Jwaala, headquartered in Austin, TX, creates digital banking solutions for U.S. financial institutions. Alogent will continue to provide, enhance and support Jwaala’s entire collection of solutions, which will be marketed under the new name Alogent Digital. Existing Jwaala customers will benefit from Alogent’s continuing commitment to innovation and its proven long-term track record for performance. “Mobile and online banking are an integral part of every financial institution’s growth strategy,” said Jason Schwabline, Alogent’s SVP, Product Management & Strategy. “Getting this platform right is key to our customers’ success, which makes Jwaala a perfect
Continue reading "Battery-backed Alogent buys Jwaala"

Shippeo picks up Series A

Paris-based Shippeo, a provider of a supply chain visibility platform, has secured 10 million euros in Series A funding. Partech Ventures and Otium Venture led the round. PRESS RELEASE Paris, November 16, 2017: Shippeo, creator of a supply chain visibility platform that enables large companies to track road transport flows in real-time, announces a €10 million Series A round led by Partech Ventures and Otium Venture. This new round comes only 18 months after its first round of funding of €2 million, led by Otium Venture. A strategic step to further develop its service in Europe The partnership with Partech Ventures will allow Shippeo to accelerate its development in the following areas: Continue Shippeo’s expansion in the French market, after having signed 30 key accounts in the last 18 months, Implementation of new interfaces allowing even greater productivity and quality of service gains for all Shippeo users (shippers, 4PLs
Continue reading "Shippeo picks up Series A"

Transom Capital buys A.T. Cross

Transom Capital Group has acquired A.T. Cross Company, a maker of writing instruments and related accessories. No financial terms were disclosed. Latham & Watkins provided M&A counsel and Greenberg Traurig served as debt counsel for Transom Capital on the transaction. PRESS RELEASE LOS ANGELES (November 16, 2017) Transom Capital Group today announced it has acquired the assets of A.T. Cross Company (“Cross”), a leading manufacturer of fine writing instruments and related accessories. The new company, which owns and operates the Cross® and Sheaffer® brands, will be led by the incumbent management team, ensuring continuity with product development, distribution and the supply chain, but with new capital to enable growth across Cross’s excellent heritage brands. “The Cross transaction fits well with the investment strategy of Transom Capital and will allow us to partner with management in executing our ARMOR℠ value creation process,” said Russ Roenick, Managing Partner of
Continue reading "Transom Capital buys A.T. Cross"

Serent Capital invests in CallRevu

Serent Capital has made an undisclosed investment in CallRevu. Based in Baltimore, CallRevu is a provider of automotive dealer call management software. PRESS RELEASE BALTIMORE (PRWEB) NOVEMBER 16, 2017 CallRevu, a leading provider of automotive dealer call management software that delivers dealership customers critical call performance data, has entered a partnership with Serent Capital, a San Francisco-based private equity firm focused on investing in high-growth technology and services businesses. CallRevu’s solution is comprised of data-rich interfaces supported by sophisticated functionality and machine learning that helps dealership drive higher sales. Because today’s car buyer does most of his or her research online, the inbound phone call has become increasingly important for dealerships. Callers are typically high-value sales prospects, far along in their purchasing journey, and so answering these calls properly is paramount to a dealer’s success. Dealers who leverage CallRevu’s unique platform gain substantial insights into phone calls, both those that
Continue reading "Serent Capital invests in CallRevu"