Netskope amasses $168.7 mln Series F

Netskope, a provider of cloud security solutions, has raised $168.7 million in Series F funding. Lightspeed Venture Partners led the round with participation from Accel, Geodesic Capital, Iconiq Capital, Sapphire Ventures, Social Capital and Base Partners. Source: Press Release

Altacrest acquires Barton Watch Bands

Altacrest Capital has acquired Austin, Texas-based Barton Watch Bands, a maker of watch bands. No financial terms were disclosed for the deal that was done in partnership with Route 2 Capital Partners. PRESS RELEASE November 13, 2018 – (Dallas, TX) – Altacrest Capital (“Altacrest”), a Dallas based private equity firm with a specialization in consumer products, has acquired Barton Watch Bands (“Barton”) www.bartonwatchbands.com, a producer of interchangeable watch bands. Founded in 2015 and based in Austin, TX, Barton Watch Bands is a rapidly growing watch band brand that designs quick release straps which can be swapped in and out without tools and allow consumers the ability to customize a wide range of traditional and smart watches. Bands are available in a variety of styles, sizes, colors, and materials including canvas, leather, nylon, and silicone. Sales are completed exclusively via eCommerce. Altacrest Capital financed this transaction in partnership
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TCV leads Sojern’s $120 mln round

Sojern has raised $120 million in a funding round led by TCV. Sojern, of San Francisco, is a travel tech company. PRESS RELEASE SAN FRANCISCO, Nov. 13, 2018 /PRNewswire/ — Sojern, the travel tech company known for its traveler path-to-purchase data and innovative travel marketing and distribution solutions, today announced that growth equity firm TCV has led a $120 million financing round in Sojern.
Sojern looks to build on its years of rapid growth and successful execution—recently marking 13 consecutive quarters of profitability—to accelerate solutions development for its clients, which include 93 percent of the world’s Fortune 500 travel companies and thousands of independent hotel properties and local tourism providers. As part of the transaction, TCV general partner Woody Marshalljoined Sojern’s Board of Directors. TCV brings extensive experience in the travel and marketing tech spaces with investments in Airbnb, Expedia, HomeAway, TripAdvisor, SiteMinder, ExactTarget, Act-On and Ariba.
Sojern offers a scalable model for driving bookings through
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One Equity Partners to sell Sonneborn for $655 mln

One Equity Partners said Nov. 13 that it agreed to sell the operating subsidiaries of Sonneborn Holdings LP to HollyFrontier Corp for $655 million. The deal is expected to close in 2019. Sonneborn, of Parsippany, New Jersey, makes highly purified white oil, petrolatum, microcrystalline wax, sodium sulfonate and compressor lubricants for personal care, pharmaceutical, food, polymer and metal working applications. Morgan Stanley & Co LLC is acting as financial adviser and Baker McKenzie served as legal counsel to Sonneborn. PRESS RELEASE NEW YORK – NOVEMBER 13, 2018 – One Equity Partners (“OEP“), a leading middle market private equity firm, today announced the signing of a definitive agreement to sell the operating subsidiaries of Sonneborn Holdings L.P. (“Sonneborn” or “the Company”), a global leader in specialty hydrocarbon chemicals, to a subsidiary of HollyFrontier Corporation (NYSE: HFC), an independent petroleum refiner and marketer, for $655 million. The transaction is expected to close in 2019,
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Lovell Minnick buys majority of SRS Acquiom

Lovell Minnick Partners said Nov. 13 that it closed its majority investment in SRS Acquiom. Financial terms weren’t announced. SRS Acquiom, of Denver, provides a platform of professional services, technology solutions and data for corporate acquirers, private equity firms and venture capital firms involved in M&A settlement support and risk mitigation. Kirkland & Ellis LLP served as LMP’s legal counsel. Cowen and Company acted as financial adviser to SRS Acquiom, while Latham & Watkins LLP served as SRS Acquiom’s legal counsel. PRESS RELEASE
PHILADELPHIA, LOS ANGELES and NEW YORK, November 13, 2018 – Lovell Minnick Partners (“LMP”), a private equity firm specializing in financial and related business services companies, announced it has completed a majority investment in SRS Acquiom (the “Company”), a market-leading provider of technology-enabled services related to M&A settlement support and risk mitigation.
Founded in 2007 by Paul Koenig, Mark Vogel and Jason Mendelson and headquartered in Denver,
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New Water-backed Myotek buys Amptech

Myotek, a portfolio company of New Water Capital LP, has acquired Amptech Inc. Financial terms weren’t announced. Amptech, of Manistee, Michigan, designs, engineers and makes circuit boards and other electronic assemblies for customers in automotive, utility and other industrial end markets and applications. PRESS RELEASE November 13, BOCA RATON, Fla. —Private equity firm New Water Capital, L.P., announced that its portfolio company, Myotek, has acquired Amptech, Inc., a leading value-added manufacturer of electronics and electrical assemblies based in Manistee, Michigan.
Founded in 1980, Amptech designs, engineers and manufactures circuit boards and other electronic assemblies for customers in automotive, utility and other industrial end markets and applications. The acquisition will allow Myotek to provide its customers with domestic production capabilities for its automotive lighting products. Amptech’s Lee Wyatt will continue to serve as president of the company.
New Water views the addition of Amptech as a
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ClickClickDrive raises $1 mln

ClickClickDrive said Nov. 13 that it raised $1 million in an angel round led by Emmanuel Thomassin, the former CFO of Delivery Hero. Other investors include: Stefan Glaenzer (Passion Capital), Jonathan Green (Luxor Capital) and Burkhard Schwenker (former CEO Roland Berger). ClickClickDrive, of Berlin, offers an online platform for all-in-one driving school management software. PRESS RELEASE 13.11.2018, Berlin: ClickClickDrive, the leading online platform offering an all-in-one driving school management software solution with an integrated driving school search, today announces the closing of a $ 1 million angel round.   The round of financing was led by Emmanuel Thomassin, the former CFO of Delivery Hero, who has already successfully managed a company from early stage to its IPO. Other well-known investors have made private investments: Stefan Glaenzer (Passion Capital), Jonathan Green (Luxor Capital) and Burkhard Schwenker (former CEO Roland Berger). Together, they will provide financing to
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For Days inks $2.8 mln seed funding

For Days, a fully closed-loop clothing line, has raised $2.8 million in seed funding. Rosecliff Ventures led the round with participation from Collaborative Fund, Congruent Ventures, Third Prime Capital, Closed Loop Ventures, Bleu Capital, Gramercy Fund and Ride Ventures. PRESS RELEASE November 13, 2018—For Days, the first fully closed-loop clothing line launched in May 2018, announces a $2.8M seed round led by Rosecliff Ventures and joined by Collaborative Fund, with participation from Congruent Ventures, Third Prime Capital, Closed Loop Ventures, Bleu Capital, Gramercy Fund, and Ride Ventures.
For Days is a circular retail model that gives access to fresh basics without costing the environment. This new operating system for manufacturing and direct-to-consumer commerce is revolutionizing people’s relationships with basics, starting with tees and tanks and eventually expanding to much more. “Rosecliff supports dynamic founders building innovative businesses and immediately saw an opportunity for For Days to disrupt
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Z Capital-backed Affinity hires Fiocco as SVP and CMO

Las Vegas-based casino gaming operator Affinity Gaming has named Eric P. Fiocco as senior vice president and chief marketing officer. Previously, Fiocco worked at Tropicana Entertainment Inc where he was CMO. Affinity Gaming is backed by Z Capital. PRESS RELEASE LAS VEGAS, Nov. 12, 2018 /PRNewswire/ — Affinity Gaming (“Affinity” or the “Company”) today announced that Eric P. Fiocco has been appointed Senior Vice President and Chief Marketing Officer, effective immediately. Mr. Fiocco is a veteran of the gaming and casino industry with nearly four decades of experience. Prior to joining Affinity, Mr. Fiocco, served as Chief Marketing Officer of Tropicana Entertainment Inc. where he was responsible for all marketing operations across eight Tropicana properties. In leading the development and execution of marketing initiatives and brand strategy at Tropicana, Mr. Fiocco helped drive significant annual net revenue growth from 2012 to 2017. Prior to his time at Tropicana, Mr. Fiocco
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Resolute Ventures to raise $75 mln venture-capital fund

Resolute Ventures has set out to raise a $75 million fourth venture-capital fund, according to a filing with the SEC. No first close was reported. The firm was co-founded by Michael Hirshland, formerly a general partner at Polaris Venture Partners. The filing is available here.  

PE-backed BTI Studios acquires German dubbing studio Berliner Synchron

BTI Studios, a portfolio company of Shamrock Capital, has acquired Berliner Synchron Gmbh, a dubbing studio in Germany. The seller was S&L Medien Gruppe. No financial terms were disclosed. PRESS RELEASE November 12, 2018
Today global media localization company BTI Studios announced the acquisition of 100% of the share capital of Berliner Synchron GmbH from Munich based S&L Medien Gruppe. Berliner Synchron GmbH was founded in 1949 as the first professional dubbing studio in Germany. Since then it has dubbed more than 8000 titles into German, with the company still holding a leading position in the industry today. The Berliner Synchron deal follows BTI’s acquisition of Dutch dubbing studio Creative Sounds last month, and will increase BTI’s offering to 63 recording studios across 24 facilities spanning Europe, the US and Asia. Björn Lifvergren, BTI Studios founder and leader of the M&A team, commented on the deal; “The
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Ex KP’s Michael Linse to raise $65 mln venture fund

Linse Capital has set out to raise $65 million for a venture-capital fund, according to a filing with the SEC. Linse Capital CP V did not report a first close. The firm is run by Michael Linse, formerly with Kleiner Perkins Caufield & Byers. The filing can be found here.  

Digital marketing firm Madwire hires PE exec for CFO

Fort Collins, Colorado-based Madwire LLC, a digital marketing company, has named Matt Bryson as chief financial officer. His appointment became effective November 1, 2018. Previously, Bryson worked at Copley Equity Partners where he was a principal since 2017 and vice president since 2013. PRESS RELEASE FORT COLLINS, Colo., Nov. 12, 2018 /PRNewswire/ — Madwire LLC today announced that Matt Bryson is joining the digital marketing software and technology leader as its new Chief Financial Officer, effective November 1, 2018.
Matt Bryson will assume the Chief Financial Officer role from Joe Kellogg, Madwire’s Co-Founder, Co-Chief Executive Officer, and current Chief Financial Officer. Joe will continue to serve as Madwire’s Co-Chief Executive Officer, the position he has held since founding the company with son, JB Kellogg, in 2009. “It’s hard to top my Dad’s execution as CFO up to this point, but we are in great hands with Matt, and
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Ontario Teachers’-backed Ole appoints new CEO

Ole, a music publishing, music production and global rights management company, has named Helen Murphy as CEO. She is succeeding Robert Ott who will remain as an adviser to Murphy and the company’s board of directors. Murphy is the founder and president of International Media Services Inc. Ole is backed by Ontario Teachers’ Pension Plan. PRESS RELEASE TORONTO–(BUSINESS WIRE)–ole, one of the world’s fastest growing independent music publishing, music production and global rights management companies, is pleased to announce today the appointment of entertainment industry veteran Helen Murphy, to succeed Robert Ott as ole’s Chief Executive Officer. Mr. Ott will continue to serve as an advisor to Ms. Murphy and the ole Board of Directors. Ms. Murphy is the founder and President of International Media Services, Inc. The company provides strategic and financial advisory services to clients in the global media and entertainment industries. Services include structuring and negotiating
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Israeli tech startup Guardian Optical Technologies gathers $2.5 mln

Tel Aviv-based Guardian Optical Technologies, a tech startup, has secured $2.5 million in funding. The investors included Union Ventures and B&E Equities. PRESS RELEASE (Tel Aviv, Israel – November 12, 2018) Guardian Optical Technologies today announced that it received an additional investment of $2.5 million from investors Union Ventures, B&E Equities, and other private investors. The investment is part of a pre-B round that totals $5.6M that will be used to expand the Research & Development team to serve the companies’ expanding customer base as well as supporting customers’ projects. Guardian Optical Technologies is dedicated to creating “passenger aware” cars that will be increasingly more important as autonomous vehicles enter the market, making them safer and more convenient. The Guardian Optical Technologies’s sensor provides 2D, 3D, and motion analysis in the vehicle to protect drivers and passengers by constantly scanning and tracking the entire interior of
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SkyKnight funds car wash operator WhiteWater

SkyKnight Capital has made an investment in Houston, Texas-based WhiteWater, a car wash operator. No financial terms were disclosed. PRESS RELEASE SkyKnight Capital (“SkyKnight”), a San Francisco based private equity firm, announced that it has made an investment into WhiteWater Express Car Wash (“WhiteWater”), a multi-location car wash operator headquartered in Houston, TX. The terms of the transaction were not disclosed. WhiteWater owns and operates express exterior car washes, a highly automated car wash model, and generates a significant portion of its revenue from recurring monthly memberships. WhiteWater is a skilled, rapidly growing operator supported by industry-leading operating and financial metrics. WhiteWater President Clayton Clark was part of the management team that helped build Bubbles Car Wash and successfully sold the platform to Mister Car Wash. WhiteWater will continue to be led by Clayton Clark and CEO Steve Mathis. Mr. Clark said, “WhiteWater’s focus is on customers and employees first.
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DWS appoints Husain as PE head, Americas

DWS Group has named Kumber Husain as head of private equity, Americas. Previously, he was part of the senior investment team at Morgan Stanley Alternative Investment Partners. PRESS RELEASE DWS Group today announced the appointment of Kumber Husain as Head of Private Equity, Americas. Based in New York, Husain will report to Mark McDonald, Global Head of Private Equity, who joined DWS in November 2017. In this newly created role, Husain will focus on the sourcing and execution of direct co-investment and secondary private equity transactions, delivering innovative opportunities and bespoke solutions to complement clients’ investment strategies. Husain will collaborate closely with McDonald and the rest of the global private equity team, including Daniel Green, who joined in January as head of EMEA, to continue growing the private equity business and capitalizing on under-served and difficult to access secondary market opportunities as well as unique private market situations. “I am
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Charlesbank to sell Plaskolite to PPC Partners

PPC Partners has agreed to acquire Columbus, Ohio-based Plaskolite LLC, a provider of transparent thermoplastic sheet products, from Charlesbank Capital Partners. No financial terms were disclosed. William Blair & Co provided financial advice to PPC Partners in the transaction. PRESS RELEASE CHICAGO – NOVEMBER 12, 2018 – PPC Partners today announced that it has signed a definitive agreement to acquire Plaskolite, LLC, North America’s largest provider of transparent thermoplastic sheet products, from an affiliate of Charlesbank Capital Partners. PPC Partners and other co-investors are investing alongside the Dunn family, who founded the company, and Plaskolite’s management team, which will continue to lead the business. The transaction is expected to close in December 2018. Founded in 1950 in Columbus, Ohio, by Donald G. Dunn, Plaskolite manufactures customized products for a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a diverse customer base
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