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Apollo acquires telecom platform Lendlease, Jim Rauh departs from Golden Gate, General Atlantic veteran Dzialga’s Brighton Park tops Fund I’s $750m target
 
Thursday, October 15, 2020
 
 
Morning!

People moves! We've become suddenly inundated with people moving all over the place in the industry. What gives? People moves are some of our favorite stories (and yours, Dear Reader), but everyone seemed to be staying put during the worst days of the pandemic. Seems the reins are off ... both on the deal and the fundraising side of things.

Here's one: Jim Rauh left Golden Gate as a managing director after more than a decade, writes Sarah Pringle on PE Hub. He focused on industrials with an emphasis on healthcare and packaging. It's not clear where Rauh is heading. Read Sarah's story here on PE Hub.
 
 
 
Top Scoops
 
On the fundraising side, the guy who was responsible for building out Brookfield's internal fundraising machine, Leo Van den Thillart, stepped back earlier this year from his role as global head of the firm's private funds group. Sounds like he's moving into a leadership role at a portfolio company. Check it out here on Buyouts.
 
 
 
Apollo Global Management acquired telecommunications platform Lendlease, which will rebrand as Parallel Infrastructure. Apollo is investing out of its second infrastructure fund led by senior partners Dylan Foo and Geoff Strong. Read more here on PE Hub.

Have a great day! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.

HOUSEKEEPING

Wanted: VCJ’s Rising Stars

It’s that time of the year. Over at Venture Capital Journal, editor Alastair Goldfisher and the team are looking for nominations for their second annual Rising Stars list. VCJ is seeking to identify the most talented and up-and-coming professionals in the venture capital community. Click here for more information on how you can submit your favorite Rising Star.
 
 
 
 
Premium
 
 
 
 
Avista’s Arcadia Consumer Healthcare buys Naturelo 
The deal diversifies Arcadia – formerly Kramer Laboratories – beyond the traditional over-the-counter medicines in which it has historically focused. More...
 
Jim Rauh departs from Golden Gate Capital
While at Golden Gate, the managing director was involved with recent investments including Cole-Parmer, which makes laboratory and industrial-fluid-handling products, instrumentation, equipment and supplies. More...
 
Symphony tunes in to the tech fundraising binge with $1.85bn sixth fund
The veteran technology firm is the latest to fundraise amid what is widely seen as a favorable environment for the sector. More...
 
 
 
Ex-Gemspring, Altamont execs eye debut fund for services investments
Rainier Partners is among a select few first-time funds braving the fundraising markets that lean toward more established managers as LPs look for familiarity. More...
 
Investors bet on computing’s quantum leap
A fully realized business model may not exist for another decade, but interest in quantum computing is soaring. Pegasus, Morpheus and Redpoint, among others, are planning for the long game. More...
 
A New Zealand LP dips its toe into venture and anchors a local fund
Kiwi Invest CIO Simon O'Grady talks about why the pension scheme is entering the asset class and why backing a tech investor was the right choice. More...
 
 
 
 
PE Deals
Sponsored by
 
NXT Capital
 
 
 
 
Luxor Capital led a Series A funding round in Smunch
Other investors in the funding round included Nosara Capital, Colle Capital and existing angel investors including Emmanuel Thomassin, CEO of Delivery Hero.  More...
 
L Catterton, Activant Capital lead $118m Series E funding in 98point6
Additional funding came from new and returning investors including Goldman Sachs.  More...
 
Wind Point acquires Handgards
Wind Point is partnering with Handgards management and industry executive Joe Kubicek, who joined the company as CEO.  More...
 
 
 
CD&R completes Epicor buyout
Clayton, Dubilier & Rice has closed its acquisition of Epicor, a provider of enterprise software to industrial sectors. More...
 
Apollo acquires telecommunications platform from Lendlease
Apollo Global Management has acquired a telecommunications platform from Lendlease. More...
 
PE-backed Cherry buys Theobroma
Cherry, which is backed by Argand Partners, has acquired Theobroma, an Austrian maker of embedded platform systems. More...
 
Alantra acquires stake in Indigo Capital
Alantra has acquired a 49 percent stake in Indigo Capital, a Paris-based private debt asset manager. More...
 
Summa Equity takes majority stake in Sengenics
Summa Equity has acquired a majority stake in Sengenics, a functional proteomics company. More...
 
PE-backed HOPCo buys Stryker Performance Solutions value-based care business
Healthcare Outcomes Performance Company, a portfolio company of Linden Capital Partners, has acquired Stryker Performance Solutions’ value-based care business. More...
 
BlackRock provides $118m to EV startup Arrival: Reuters
UK-based electric vehicle startup Arrival has raised $118 million in funding from BlackRock, reported Reuters. More...
 
Magris Resources to buy North American talc business assets
Magris Resources, a Canadian mining private equity firm, has entered into a stalking-horse agreement to acquire the assets of Imerys Talc America, Imerys Talc Vermont and Imerys Talc Canada for US$223 million. More...
 
GI Partners-backed Doxim acquires Pinnacle Data Systems
Doxim, a portfolio company of ​​​​​​​​GI Partners, has acquired Pinnacle Data Systems, a Suwanee, Georgia-based customer communications and payments provider. More...
 
PineBridge to buy Benson Elliot
PineBridge Investments has agreed to acquire UK-based Benson Elliot Capital Management, a private equity real estate fund manager. More...
 
Arena Capital invests in gym franchise Retro Fitness
Arena Capital Partners has made an investment in Retro Fitness, a gym franchise. More...
 
PE-backed Barentz International to buy Maroon
Barentz International, which is backed Cinven, has agreed to acquire Maroon Group, a distributor of life science ingredients and specialty chemicals headquartered in Avon, Ohio. More...
 
Clearlake-backed Dude Solutions to buy Confirm
Dude Solutions, which is backed by Clearlake Capital Group LP, has agreed to acquire Confirm, an asset management platform, from Precisely. More...
 
M/C Partners buys LA internet service provider AerioConnect
M/C Partners has acquired AerioConnect LLC, an internet service provider to multi-family and commercial clients in the greater Los Angeles market. More...
 
PE-backed WellSky to acquire Allscripts’ CarePort Health business
Allscripts has agreed to sell its CarePort Health business to WellSky, which is backed by TPG Capital and Leonard Green & Partners. More...
 
E2open to merge with CC Neuberger Principal Holdings I
E2open, a provider of cloud-based, end-to-end supply chain management software, has agreed to merge with CC Neuberger Principal Holdings I, a blank check company. More...
 
 
 
VC News
 
 
 
 
Menlo Ventures raises $500m early-stage fund
Menlo Ventures raises $500m for Fund XV to make seed and Series A investments. More...
 
Sanity.io raises $9.3m Series A
Oslo and San Francisco-based Sanity.io, a developer-focused content platform, has raised $9.3 million in Series A funding. More...
 
Alfred attracts about $42m Series C
Alfred, a resident experience and building management platform, has raised about $42 million in Series C funding. More...
 
Bain Capital Ventures hires new talent partner
Bain Capital Ventures has named Leslie Kurkjian Crowe as its new talent partner, according to a Medium blog post. More...
 
Pace Capital leads $6.5m round for Tiltify
Tiltify, a fundraising platform for the digital generation, has raised $6.5 million in Series A funding. More...
 
True Ventures raises $840m for two new funds
True Ventures raises a combined $840m for two new funds, including $465m for its latest core early-stage fund, $375m for its Select Fund IV. More...
 
Mobile fitness marketplace Playbook snaps up $9.3m Series A
Playbook, a mobile fitness marketplace, has raised $9.3 million in Series A funding. More...
 
Trucks Venture Capital collects over $45.1m for sophomore fund
Trucks Venture Capital has raised over $45.1 million for its second fund, according to an SEC filing. More...
 
Accel leads Series A round for Vivun
Vivun, a provider of AI-powered platform for presales, has raised $18 million in Series A funding. More...
 
VC-backed Codiak Biosciences goes public
Codiak Biosciences Inc, a developer of exosome-based therapeutics, has raised about $82.5 million for its IPO after pricing its 5.5 million shares at $15 per share. More...
 
Actnano scoops up $12m Series A
Boston-based Actnano, a protective nanocoating company, has raised $12 million in Series A funding. More...
 
Nym Health rallies $16.5m Series A
Tel Aviv-based Nym Health, an autonomous medical coding technology provider, has raised $16.5 million in Series A funding. More...
 
BlackSwan Technologies nets $28m Series A
Tel Aviv-based BlackSwan Technologies, a provider of an AI operating system, has raised $28 million in Series A funding. More...
 
Armory fetches $40m Series C
San Mateo, California-based Armory, an enterprise software company, has raised $40 million in Series C financing. More...
 
M1 Finance pockets $45m Series C
M1 Finance, a finance app, has secured $45 million in Series C funding. More...
 
Nimbus Therapeutics reels in $60m
Cambridge, Massachusetts-based Nimbus Therapeutics, a biotechnology company, has raised $60 million in financing. More...
 
Getaround nabs $140m Series E
San Francisco-based Getaround, a carsharing platform, has raised $140 million in Series E financing. More...
 
Sofinnova adds new partner for fund
Sofinnova Partners has named Dr. Joe Anderson as a partner in the European venture firm's crossover fund. More...
 
Casai pulls in $48m Series A
Mexico City-based Casai, a hospitality brand, has raised $48 million in Series A funding. More...
 
CIBC invests in growth of venture-backed Chronometriq
CIBC Innovation Banking, the technology lending arm of CIBC, has provided C$5 million in growth capital financing to Montreal-based Chronometriq, a patient engagement software provider for medical clinics. More...
 
Temasek-backed BlueVoyant buys Managed Sentinel
New York-based cybersecurity services provider BlueVoyant has acquired Managed Sentinel, a Toronto-based deployer and manager of Microsoft security technologies. More...
 
Chrysalix RoboValley Fund invests in Sortera Alloys
Chrysalix RoboValley Fund has invested in Fort Wayne, Indiana-based Sortera Alloys, a developer of an intelligent sorting system for the upcycling of non-ferrous scrap metal. More...
 
Digital investing and stock trading app Wealthsimple scores funding
Wealthsimple, a Toronto-based digital investing and stock trading app, has raised C$114 million in financing on a valuation of C$1.4 billion. More...
 
Ori Biotech picks up $30m Series A
London-based Ori Biotech Ltd, a cell and gene therapy manufacturer, has raised $30 million in Series A financing. More...
 
Dataloop snags $16m
Tel Aviv-based Dataloop, a platform for AI data management and annotation, has raised $16 million in funding. More...
 
 
 
Credit
 
 
 
 
Simply Green Home Services buys SNAP Financial Group
Simply Green Home Services has acquired SNAP Financial Group, a Vancouver, British Columbia-based small-ticket consumer lender. More...
 
 
 
Firms and Funds
 
 
 
 
HarbourVest racks up $8.1bn for secondaries fund
HarbourVest has closed its latest secondaries fund Dover Street X at a hard cap of $8.1 billion. More...
 
Whitman Peterson collects $219m for fourth fund
Westlake Village, California-based Whitman Peterson, a real estate private equity firm, has raised $219 million for its fourth fund, according to an SEC filing. More...
 
FirePower Capital wraps up lower mid-market PE offering
FirePower Capital, a Canadian mid-market private debt and private equity firm, has closed a fund earmarked for investing in lower mid-market companies. More...
 
Arbor amasses $1.5bn for fifth fund
Arbor Investments has closed its fifth fund at $1.5 billion. More...
 
 
 
People Moves
 
 
 
 
Jefferies taps ex-Senator Corker as special advisor
Jefferies has named former U.S. Senator Bob Corker as a special advisor. More...
 
First National Realty Partners appoints COO
First National Realty Partners has named Kurt Padavano as chief operating officer. More...
 
Grant Avenue promotes two to VP
Grant Avenue Capital has promoted Alex Ferree and Eric Kim to vice president. More...
 
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