Skymind raises $11.5 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Skymind said March 22 that it raised $11.5 million in Series A finding led by TransLink Capital. Participating in the round were ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital, and DCode with GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures, also joined the round. Skymind is an open-core data science company.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–Skymind, the leading open-core data science company, has secured $11.5 million dollars in Series A financing. TransLink Capital, a Silicon Valley venture capital firm that helps entrepreneurs develop customer connections and partnerships in Asia, led the round with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital, and DCode with GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures, also joined the round. To date, Skymind has raised $17.9 million in funding.
Skymind’s technology enables

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Onex to buy Gluskin Sheff for C$445 mln


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Onex Corp said March 22 that it agreed to buy Gluskin Sheff for C$14.25 per share or about C$445 million. Gluskin Sheff is a Canadian wealth management firm.

PRESS RELEASE

TORONTO–(BUSINESS WIRE)–Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have entered into a definitive agreement under which Onex will acquire 100% of Gluskin Sheff for C$14.25 per share. The purchase price represents a 28% premium to Gluskin Sheff’s closing share price on March 22, 2019, and a 37% premium to the 60-day volume weighted average price (VWAP). The total cash consideration for 100% of Gluskin Sheff’s equity is approximately C$445 million.
This combination will bring together two of Canada’s most entrepreneurial and successful investment firms and broaden the product suite available to Gluskin Sheff’s clients. Gluskin Sheff will continue to be led by its existing leadership team and

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SightMD partners with Peconic Ophthalmology


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SightMD, a portfolio company of Chicago Pacific Founders, said March 22 that it is partnering with Peconic Ophthalmology. Financial terms weren’t announced. The deal adds one physician, Louis Pizzarello, M.D., and two locations in Riverhead and Southampton, New York, to SightMD.

PRESS RELEASE

HAUPPAUGE, N.Y. (PRWEB) MARCH 22, 2019

SightMD (or the “Company”), a leading multi-specialty ophthalmology platform and a portfolio company of Chicago Pacific Founders, today announced a strategic partnership with Peconic Ophthalmology (“Peconic”). The partnership adds one physician and two locations in Riverhead and Southampton to SightMD’s team of over 50 physicians and 28 convenient locations in New York.

Peconic is one of the Suffolk County’s preeminent providers of comprehensive ophthalmic care, including cataract and corneal surgery, glaucoma services, and treatment for conditions affecting the retina. Peconic’s founding physician, Louis Pizzarello, M.D., is a Suffolk County native who has practiced ophthalmology in

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Evox Therapeutics secures 1.5 mln pounds


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Evox Therapeutics Ltd said March 22 that it secured 1.5 million pounds ($1.98 million) in funding from Innovate UK through the Biomedical Catalyst Early Stage Award. Evox, of the U.K., is an exosome therapeutics company.

PRESS RELEASE

OXFORD, England, March 22, 2019 /PRNewswire/ — Evox Therapeutics Ltd (‘Evox’ or the ‘Company’), a leading exosome therapeutics company, today announces that it has secured £1.5 million in funding from Innovate UK, the UK’s Innovation Agency, through the Biomedical Catalyst Early Stage Award. The funds will be used to support the Company’s pre-clinical development of an exosome-based therapy to treat argininosuccinic aciduria (ASA), a rare life-threatening metabolic disease, in collaboration with University College London (UCL).
ASA is a rare genetic disorder characterised by deficiency or lack of the enzyme argininosuccinate lyase (ASL). ASL is central to two metabolic pathways: i) the liver-based urea cycle, which detoxifies ammonia, and

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Fiera Capital to buy Integrated Asset Management


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Fiera Capital Corp said March 22 that it agreed to buy Integrated Asset Management Corp. The equity value of the deal is $74 million. Integrated, of Canada, is an alternative asset manager.

PRESS RELEASE

TRANSACTION COMPLEMENTS EXISTING SUITE OF PRIVATE ALTERNATIVE INVESTMENT STRATEGIES, ADDING OVER $3 BILLION IN AUM AND COMMITTED CAPITAL
• Transforms Fiera Private Lending into a leading pan-Canadian non-bank private lending platform
• Accelerates Fiera Properties growth with a complementary niche offering focused on industrial property
• Transaction enterprise value of $64 million
• Accretive to Fiera Capital’s 2019 EPS and Adjusted EPS
MONTREAL, March 22, 2019 /CNW Telbec/ – Fiera Capital Corporation (“Fiera Capital” or the “Firm”) (TSX: FSZ) announced today that it has entered into a definitive agreement with Integrated Asset Management Corp. (“IAM”) (TSX: IAM) (the “Agreement”) under which it will acquire all of the outstanding common shares of IAM (“IAM Shares”) pursuant to

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CDPQ buys 27 pct of Hilco Trading


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La Caisse de dépôt et placement du Québec said March 21 that it acquired a minority, 27 percent, of Hilco Trading LLC. Financial terms weren’t announced. Hilco, of Chicago, is a diversified financial services company.

PRESS RELEASE

MONTRÉAL and CHICAGO, March 21, 2019 /PRNewswire/ – La Caisse de dépôt et placement du Québec (“CDPQ”) has acquired a minority stake in Hilco Trading, LLC (d/b/a “Hilco Global”), an independent financial services company. Following the transaction, CDPQ will own 27% of Hilco Global.
Through this new partnership, CDPQ will support the long-term strategy and continued growth of Hilco Global, a leading authority on asset valuation, monetization and advisory solutions across the world. Furthermore, CDPQ will target annual investments of approximately US$150 million, alongside Hilco Global, in distressed assets and other special situations.
Jeffrey B. Hecktman, Chairman, CEO and Founder of Hilco Global said, “Our new partnership with CDPQ is a perfect fit

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Kaarta raises $6.5 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Kaarta said May 21 that it raised $6.5 million led by GreenSoil Building Innovation Fund. Riverfront Ventures, Zamagias Properties, Quaker Capital Investments, and Startbot participated in the round. Kaarta, of Pittsburgh, provides 3D reality capture for robotics professionals to map and model indoor and outdoor spaces.

PRESS RELEASE

PITTSBURGH–(BUSINESS WIRE)–Kaarta, Inc., the innovator of real-time mobile 3D reality capture, announced today that it has raised US$6.5 million to accelerate the growth of its mobile mapping and localization technology. Kaarta’s innovative technology enables built environment, geospatial, and autonomous robotics professionals to map and model indoor and outdoor spaces up to 10x faster and less expensive than traditional mapping methods.

Real estate technology venture capital fund GreenSoil Building Innovation Fund (GBIF) led the round with participation from Riverfront Ventures, Zamagias Properties, Quaker Capital Investments, and Startbot. As part of the financing, Susan McArthur, Partner, GBIF joins

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Amify raises $5.8 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Amify said March 22 that it raised $5.8 million in Series A funding led by Mercury Fund. Other investors included Dundee Venture Capital, CincyTech, SaaS Venture Capital and Capital One Co-Founder Nigel Morris. Amify, of Alexandria, Virginia, provides solutions that aims to help brands maximize their potential on the Amazon marketplace.

PRESS RELEASE

WASHINGTON & CINCINNATI–(BUSINESS WIRE)–Amify, a turnkey solution for brands seeking to maximize their selling potential on Amazon, has announced $5.8 million in Series A funding led by Mercury Fund. Additional investors in the round include Dundee Venture Capital, CincyTech, SaaS Venture Capital and Capital One Co-Founder Nigel Morris.

 

The infusion of capital will be utilized to increase recruiting efforts to broaden the senior-level management team, expand marketing and branding initiatives and to further develop its proprietary next-gen data insights platform for brands to derive insights on the Amazon

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Energy Impact Partners invests in Attivo Networks


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Energy Impact Partners has invested in Attivo Networks. Financial terms weren’t announced. Energy Impact Partners is joining Bain Capital, ForgePoint Capital, and Singtel Innov8 in Attivo’s Series C funding round. Attivo, of Freemont, California, provides detection, forensics, and automated incident response to in-network attacks.

PRESS RELEASE

FREMONT, Calif.–(BUSINESS WIRE)–Attivo Networks®, the award-winning leader in deception for cybersecurity threat detection, today announced that Energy Impact Partners (EIP), a leading utility-backed energy investment and innovation firm, has become a strategic investor in the company. The funding enables Attivo Networks to expand its portfolio of energy sector-specific deception technology and increase its go-to-market activities to broaden its customer base of utility companies around the world.
“Operational technology environments present their own unique set of challenges associated with securing devices, which often cannot run anti-virus software, be patched, or are simply not designed to be interconnected,” said Tushar Kothari, Attivo Networks

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Imago BioSciences raised $40 mln


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Imago BioSciences Inc said March 21 that it raised $40 million in Series B financing led by Omega Funds. Participating in the round were Frazier Healthcare Partners, Amgen Ventures, and MRL Ventures Fund as well as HighLight Capital, Pharmaron and Greenspring Associates. Imago BioSciences is a clinical-stage biotechnology company developing treatments for myeloid diseases.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–Imago BioSciences, Inc., a clinical-stage biotechnology company developing innovative treatments for myeloid diseases, today announced a $40 million Series B financing led by Omega Funds, a leading international investment firm that creates and invests in life sciences companies. Other investors participating in the round include existing investors Frazier Healthcare Partners, Amgen Ventures, and MRL Ventures Fund as well as HighLight Capital, Pharmaron and Greenspring Associates. Dr. Dina Chaya from Omega Funds will join the board of directors and Dennis Henner will remain Chairman of the Board, representing his

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Ares Management PE Group buys CoolSys


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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CoolSys said March 21 that it was sold to the Private Equity Group of Ares Management Corp. Financial terms weren’t announced. Management is investing. CoolSys is a refrigeration and HVAC services company.

PRESS RELEASE

BREA, Calif.–(BUSINESS WIRE)–CoolSys™, a parent of market-leading refrigeration and HVAC companies nationwide, announced today that is has been acquired by a fund managed by the Private Equity Group of Ares Management Corporation. CoolSys will continue to operate under its current executive team, which will collectively maintain a significant equity investment in the company. Financial terms of the private transaction were not disclosed.
“This is a major milestone for CoolSys,” comments Adam Coffey, CEO of CoolSys. “We are grateful to our former private equity partner, Audax Group, for supporting the execution of our growth strategies during the past three years. Now, with Ares’ additional support and resources, we can pursue a more aggressive acquisition and

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Splice raises $57.5 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Splice said March 20 that it raised $57.5 million in a Series C round led by existing investors Union Square Ventures and True Ventures. Also participating were DFJ Growth, Flybridge, and Lerer Hippeau, Liontree, Founders Circle Capital, and Matt Pincus, founder of Songz Publishing. Splice is a music startup that aims to help musicians create and earn revenue.

PRESS RELEASE

NEW YORK, March 20, 2019 /PRNewswire/ — Splice, the company evolving the way musicians make music, today announced that it has raised $57.5 million in a Series C funding round to continue helping musicians create and earn revenue. Leading the round are existing investors Union Square Ventures and True Ventures who are joined by DFJ Growth, Flybridge, and Lerer Hippeau. Liontree, Founders Circle Capital, & Matt Pincus, founder of Songz Publishing, are also joining the round.
In addition to the next chapter of funding, Splice

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Phillips & Temro buys EVoCharge


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Phillips & Temro Industries Inc, a Harbour Group company, said March 20 that it acquired EVoCharge Inc. Financial terms weren’t announced. EvoCharge supplies electric vehicle charging infrastructure solutions for commercial, public vehicle fleet, and residential use.

PRESS RELEASE

ST. LOUIS, March 20, 2019 /PRNewswire/ — Phillips & Temro Industries, Inc., a Harbour Group company, acquired EVoCharge, Inc. (“EVoCharge”), Jeff Fox, Harbour Group’s chairman and chief executive, announced today. Terms of the transaction were not disclosed.
EVoCharge supplies electric vehicle (“EV”) charging infrastructure solutions for commercial, public vehicle fleet, and residential use. Founded in 2009, EVoCharge is one of North America’s original EV charging infrastructure providers, providing Electric Vehicle Supply Equipment (“EVSE”) and cable management solutions. EVoCharge is headquartered in the Los Angeles area.
“We are excited to partner with EVoCharge as we extend Phillips & Temro’s reach to new markets and applications,” Mr. Fox said.
“EVoCharge adds product depth

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Guesty raises $35 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Guesty said March 21 that it raised $35 million in Series C financing led by Viola Growth. Participating in the round were Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d’Investissement and existing investors, TLV Partners and Magma Ventures. Guesty is a property management platform for property managers and management companies.

PRESS RELEASE

LOS ANGELES, March 21, 2019 /PRNewswire/ — Guesty, the property management platform that simplifies the complex operational needs accompanying short-term rental management, today announced it has raised $35M in Series C funding, led by Viola Growth with participation from Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d’Investissement and existing investors, TLV Partners and Magma Ventures.
The round more than doubles the company’s existing funding, bringing the total to $60M, reinforcing its grip on the short-term rental market where property managers are increasingly seeking comprehensive technology solutions to aid them

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Sherlock Biosciences launches with $35 mln capital


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Sherlock Biosciences said March 21 that it has launched with $35 million in committed capital. This includes a $17.5 million non-dilutive grant and an investment from the Open Philanthropy Project. Sherlock, of Cambridge, Massachusetts, is an engineering biology company that seeks to make testing better, faster and more affordable.

PRESS RELEASE

Sherlock Biosciences Launches to Provide Better, Faster and More Affordable Diagnostic Testing Worldwide Through Engineering Biology

CRISPR and Synthetic Biology Platforms SHERLOCKTM and INSPECTRTM Hold Potential to Disrupt Diagnostics
• Founders include scientific pioneers and diagnostics veterans Omar Abudayyeh, James J. Collins, Rahul K. Dhanda, Todd Golub, Jonathan Gootenberg, Deborah Hung, Pardis Sabeti, David Walt and Feng Zhang
• Committed capital of $35 million includes a $17.5 million non-dilutive grant and an investment from the Open Philanthropy Project
• Leading intellectual property portfolio assembled from foundational technologies developed at the Broad Institute and Harvard University’s Wyss Institute

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Gravity Oilfield buys certain water disposal infrastructure from MBI Oil


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Gravity Oilfield Services Inc, a portfolio company of Clearlake Capital Group LP, said March 21 that it acquired certain water disposal infrastructure from MBI Oil & Gas LLC. Financial terms weren’t announced.

PRESS RELEASE

MIDLAND, Texas, March 21, 2019 — Gravity Oilfield Services Inc. (“Gravity”), a leading energy and oilfield infrastructure company backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced the acquisition of certain water disposal infrastructure from MBI Oil & Gas, LLC (“MBI”). The acquisition further strengthens Gravity’s existing water management solutions in the Bakken while expanding the company’s relationships with the region’s most active operators. The transaction enhances Gravity’s scale within its permanent water infrastructure offerings in the basin, further building on the company’s acquisition of McKenzie Energy Partners in June 2018. Financial terms of the transaction were not disclosed.

“The strategic acquisition of the MBI facilities adds additional scale in the core

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Alvarium Investments buys Iskander


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Alvarium Investments, formerly LJ Partnership, said March 21 that it acquired Iskander. Financial terms weren’t announced. Iskander, of France, is an asset manager dedicated to large private investors. Separately, Alvarium is part of Queensgate Investments, which this week acquired four Grange Hotels in Central London in a deal valued at around 1 billion pounds.

PRESS RELEASE

Continued high pace of acquisition activity for leading independent investment boutique as it reinforces global position and rebrands to “Alvarium Investments”

• Alvarium completes five acquisitions in eight months in London and globally –

Thursday 21 March 2019: Alvarium Investments (formerly LJ Partnership), a leading independent global investment boutique, today announced the acquisition of Iskander, an asset manager dedicated to large private investors, giving it a presence in France and further strengthening its international reach. This is the fifth transformative acquisition made by the firm in the last eight months, extending its

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PE HUB First Read


This post is by Luisa Beltran from PE Hub Blog: PE-Backed IPOs


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Less than a week after the Mosque massacre, New Zealand is banning assault rifles.

Square plans to hire a number of engineers and a designer to work on its crypto initiatives, according to tweets from CEO Jack Dorsey.

Levi Strauss is valued at $6.6 billion as its IPO prices above target.

Fortnite has nearly 250 million registered players, up from 200 million in December.

KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion.

The Wall Street Journal plans to join a new paid subscription news service run by Apple.

More than one reality exists (in Quantum Physics).

Costco is selling giant lobster claws at some stores.

Comparing Apple’s new air pods to the old version.

Kentucky Gov. Matt Bevin didn’t vaccinate his kids against chicken pox but took them to a pox party.

Ease raises $19 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Ease said March 19 that it raised $19 million in a Series B round led by Centana Growth Partners. Propel Venture Partners, Compound Ventures, Freestyle Capital and Upside Partnership participated in the round. Ease, of San Francisco, provides HR and benefits software for SMBs, insurance brokers and insurance carries. Ease first two hires are Petar Nedyalkov as chief operating officer and Toshi Kureha as vice president Engineering.

PRESS RELEASE

EaseCentral Announces $19 Million in Series B Funding, Rebrands to “Ease” with Enhanced Capabilities

Funding to support Ease’s goal to simplify and enhance HR and benefits administration –
Rebrand reflects the release of new SMB carrier connectivity

San Francisco, CA, March 19th, 2019 – Ease, a leading HR and benefits software solution for SMBs, insurance brokers, and insurance carriers, today announced the close of its $19 million Series B funding round led by Centana Growth Partners with continued participation

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Pleatco to buy APEL International, Milton Manufacturing


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Pleatco, a portfolio company of Align Capital Partners, said March 18 that it acquired APEL International and Milton Manufacturing. Financial terms weren’t announced. APEL, of Louisville, Kentucky, designs and makes pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications. Milton, of Milton, Ontario, provides spun bond, paper, felt, and pleated bag filters for OEM customers.

PRESS RELEASE

Align Capital Partners’ Pleatco Platform Expands into Industrial Air Filtration; Closes Two Acquisitions

CLEVELAND and DALLAS, March 18, 2019 – Align Capital Partners (“ACP”) is pleased to announce its portfolio Company Pleatco, LLC (“Pleatco” or “the Company”), the market leading manufacturer of aftermarket cartridge filters for the pool and spa industry, has expanded into the industrial air filtration market with the acquisitions of APEL International (“APEL”) and Milton Manufacturing (“Milton”).

APEL designs and manufactures pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial

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