JD Morris

Pipeline PEG 2018-07-16

Still a Beta Blog and working on a new strategy for 3q2018 format. However here a few deals that closed!

Private Equity Pipeline

• General Atlantic invested $250 million in Greensill, a London-based provider of working capital finance to businesses. The deal values the company at $1.64 billion.

• TA Associates made an investment in Prudent Corporate Advisory Services, an India-based distributor of mutual fund and other wealth products. Financial terms weren’t disclosed.

• SSP Innovations, which is backed by Warren Equity Partners, acquired TC Technology, a Carlsbad, Calif.-based IT services and software company. Financial terms weren’t disclosed.

• RSE Ventures made an investment in Bluestone Lane, an Australia-based lifestyle and hospitality brand. Financial terms weren’t disclosed.

• Arconic (NYSE:ARNC) is receiving takeover interest from private equity firms including Apollo Global Management, according to the Wall Street Journal.

• FTV Capital invested $54.5 million in A-LIGN, a Tampa, Fla.-based provider of security and compliance solutions.

• Arrowhead Engineered Products, which is backed by Riverside Co and Investcorp, acquired Ratioparts, a Germany-based distributor of aftermarket replacement parts for outdoor power equipment and forestry applications.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

Pipeline – Venture Capital 20180708

This is a beta blog with our goal of getting people to produce results. Here are few deals that closed:

• Booksy, a San Francisco-based booking app for appointment-based beauty businesses, raised $13.2 million (£9.5 million) in funding. Piton Capital led the round, and was joined by investors including OpenOcean.

• Trillium Secure, a Sunnyvale, Calif.-based provider of cybersecurity protection and data management for vehicles and fleets, raised $11 million in Series A2 funding. JAFCO led the round, and was joined by investors including Airbus Ventures, Deutsche Bahn Digital Ventures, Mitsubishi UFJ Capital, Tokyo Century Corp and Plug and Play Ventures.

• MeWe, a Los Angeles-based social media platform, raised $5.2 million in Series A funding. Lynda Weinman, Jack Canfield and Rachel Roy led the round.

• Postie, a direct mail platform, raised $3.5 million in seed funding. Bonfire Ventures and Crosscut Ventures led the round.

• ThetaRay, an Israel and New York City-based provider of artificial intelligence and big data analytics that offers solutions for crime prevention, operational efficiency and threat detection, raised more than $30 million in funding. Investors include Jerusalem Venture Partners, GE, Bank Hapoalim, OurCrowd and SVB Investments.

• Fever, a London-based data-led entertainment and experience company, raised $20 million in Series C funding. Atresmedia and Labtech co-led the round, and were joined by investors including Accel Partners and 14W Ventures.

• Planck Re, an Israel-based developer of artificial intelligence-based insurance data software, raised $12 million in funding. Arbor Ventures led the round, and was joined by investors including Viola FinTech and Eight Roads.

• Starcity, a San Francisco-based company that converts underutilized multi-family, hotel, and office buildings to residential co-living properties, raised $1 million in funding. Investors include Prophit Investments.

Happy Networking & Investing,

Investor Network by JD

Pipeline – Private Equity 20160627

Always happy to see San Diego company raise large VC round as well as funds we know like TPG Growth. Let our Senior Executive Advisors help your company.

Pipeline Private Equity

• Cibus, a San Diego, Calif.-based developer of application of gene editing technologies for directed mutagenesis, raised $70 million in a Series C funding. Fidelity Management and Research Company co-led the round, and was joined by investors including Alexandria Venture Investments and Cormorant Asset Management.

• Noodle.ai, a San Francisco-based provider of enterprise AI applications, raised $35 million in Series B funding. Dell Technologies Capital led the round, and was joined by investors including TPG Growth.

• Jama Software, a Portland, Ore.-based product development platform provider for building complex products and integrated systems, raised $200 million in funding. Insight Venture Partners led the round, and was joined by investors including Madrona Venture Group.

• TourRadar, an Austria-based operator of a multi-day tour marketplace, raised $50 million in Series C funding. TCV led the round, and was joined by investors including Cherry Ventures, Endeit Capital, Hoxton Ventures and Speedinvest.

• Celonis, a Germany-based provider of process mining software, raised $50 million in Series B at a $1 billion valuation. Investors include Accel and 83North.

• Cedar, a New York-based patient financial management platform for hospitals, health systems and independent medical groups, raised $36 million in Series B funding. Kinnevik led the round, and was joined by investors including Founders Fund, Thrive Capital, Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health.

• Parachute, a Venice, Calif.-based home essentials brand company, raised $30 million Series C funding. H.I.G. Growth Partners led the round, and was joined by investors including Upfront Ventures, Susa Ventures, Suffolk Equity, JAWS Ventures, Grace Beauty Capital and Daher Capital.

• DroneDeploy, a San Francisco-based drone software platform, raised $25 million in Series C funding. Investors include AirTree, Scale Venture Partners, Uncork Capital, Emergence Capitaland AngelPad.

• Aclima Inc, a San Francisco-based provider of environmental intelligence, raised $24 million in Series A funding. Social Capital led the round, and was joined by investors including The Schmidt Family Foundation, Radicle Impact, Rethink Impact, Plum Alley, Kapor Capital and First Philippine Holdings.

• CashShield, a Singapore-based provider of online fraud management solutions for mid- to large-sized enterprises, raised $20 million in Series B funding. Temasek and GGV Capital led the round, and was joined by investors including Tony Fadell, Wavemaker Partners and Tao Zhang.

• SimpleNexus, a Lehi, Utah-based digital mortgage platform, raised $20 million in funding. Investors include Insight Venture Partners.

• Matternet, a Menlo Park, Calif.-based developer of an autonomous drone logistics platform, raised $16 million in Series A funding. Boeing HorizonX Ventures led the round, and was joined by investors including Swiss Post, Sony Innovation Fund and Levitate Capital.

• Roadster, a Palo Alto, Calif.-based provider of commerce solutions for car buying and leasing, raised $15 million in funding. Investors include Costanoa Ventures.

• Silverfort, an Israel-based developer of an agentless multi-factor authentication provider, raised $11.5 million Series A in funding. TLV partners led the round, and was joined by investors including StageOne Ventures and Singtel Innov8.

• WaterBit, a San Jose, California-based precision irrigation company, raised $11.4 million in Series A funding. New Enterprise Associates led the round,and was joined by investors including TJ Rodgers, former CEO of Cypress Semiconductor and Heuristic Capital.

• Pared, a San Francisco-based operator of a restaurant labor marketplace, raised $10 million in Series A funding. CRV led the round, and was joined by investors including Uncork Capital and True Ventures.

• Cleeng, a Netherlands-based provider of video e-commerce solutions for broadcasters, raised 5 million euros ($5.8 million) in Series B funding. Walvis led the round, and was joined by investors including C4 Ventures.

• RE’FLEKT, a Germany-based augmented-reality company, raised $4.4 million from BASF Venture Capital.

• Cypress.io, a Atlanta-based automated testing framework built for the modern web, raised $4 million in seed funding. Las Olas Venture Capital and Bessemer Venture Partners co-led the round.

• IMGN Media, a New York-based tech-driven media company, raised $3 million in Series A financing. Investors include Dot Capital, Rhodium, talent agency UTA, KDC Media Fund, Big Block Media, and Ron Zuckerman.

Happy Investing and Networking,

Investor Network by JD

PE Pipeline and MBOs

Our Senior Executive Advisors are here help you with you Management Buy Out (MBO) plans. Board Members and CXOs all need to take look at MBO option.

DISCLAIMER:

This is a beta blog and we look forward to launching an amazing blog soon!

This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

PE PIPELINE

• Drake Automotive Group, which is backed by Huron Capital, acquired DV8 Offroad, a Riverside, Calif.-based maker of off-road accessories and wheels. Financial terms weren’t disclosed.

• Veritas Capital will buy Cotiviti Holdings Inc (NYSE:COTV) in a deal valued at $4.9 billion, according to Reuters. Read more.

• Bain Capital Private Equity is nearing a deal to buy Varsity Brands, a Memphis, Tenn.-based cheerleading uniform and equipment retailer, for $2.5 billion. Read more.

• CVC is in advanced talks to buy a controlling stake in the pharmaceutical business of Italy’s billionaire Recordati family, according to The Financial Times. The deal would value the company at 3 billion euros ($3.5 billion). Read more (subscription required).

• Morgan Stanley Capital Partners made an investment of an undisclosed amount in Comar, a Voorhees, N.J.-based rigid plastics packaging manufacturer of bottles, containers, liquid dosing devices and closures for the healthcare industry. Financial terms weren’t disclosed.

• Polaris Equity Partners agreed to acquire a majority stake in ProData Consult, a Denmark-based IT consultancy focused on business and IT consultants.

PIPELINE – Venture Capital

• CareZone, a Seattle-based smartphone service for managing chronic health conditions, raised $50 million in Series D funding. NEA led the round.

• Conga, a company focused on Intelligent Document Automation, raised $47 million in funding. Investors include Insight Venture Partners and Salesforce Ventures.

Our Senior Executive Advisors can fast-track your deal with New Enterprise Associates and many others!

• Reltio, a Redwood Shores, Calif.-based provider of enterprise data driven applications, raised $45 million in Series D funding. Investors include New Enterprise Associates, Crosslink Capital, .406 Ventures, and Sapphire Ventures.

• Platform.sh, a France-based provider of the idea-to-cloud application platform that aims to simplify cloud infrastructures, raised $34 million in Series C funding. Partech led the round, and was joined by investors including Idinvest Partners, Benhamou Global Ventures (BGV), SNCF Digital Ventures and Hi Inov.

• OM1, a Cambridge, Mass.-based health outcomes and technology company, raised $21 million in Series B funding. Polaris Partners led the round, and was joined by investors including General Catalyst and 7wire Ventures.

• Sentry, a San Francisco-based provider of APM for developers, raised $16 million in Series B funding. Investors include New Enterprise Associates and Accel.

• Abstract, a San Francisco-based design and workflow platform, raised $16 million in Series B funding. Scale Venture Partners led the round, and was joined by investors including Amplify Partners and Cowboy Ventures.

• Amuse, a Sweden-based mobile record company, raised $15.5 million in Series A funding. Investors include Lakestar and Raine Ventures.

• Hometap, a Cambridge, Mass.-based data-driven, home equity investment platform, raised $12 million in Series A funding. G20 Ventures led the round, and was joined by investors including General Catalyst, American Family Ventures and Pillar.

• eLichens, a France and Sunnyvale, Calif.-based provider of an air quality analysis and prediction platform, raised 7 million euros ($8.2 million) in funding. Investors include Demeter, Sofimac Innovatio, Business Angels Networks, Aereco, Fonds Ville de Demain and BNP Paribas Développement.

• Verifly, a NY-based company that delivers on-demand insurance by the job, raised $7 million in funding. Investors include Slow Ventures, OpenOcean, and the founders of Kayak and HotelTonight.

• Lidya, a Nigeria-based digital financial services platform focused on improving access to credit for micro-, small-, and medium-sized enterprises in Africa, raised $6.9 million in Series A funding. Omidyar Network led the round, and was joined by investors including Alitheia Capital, Bamboo Capital Partners, Tekton Ventures, Accion Venture Lab and Newid Capital.

• First.io, a tech startup that uses artificial intelligence to help real estate agents, raised $5 million in Series A funding. Investors include MATH Venture Partners, Nine Four Ventures, Thad Wongand Mike Golden.

• Plus One Robotics, a San Antonio, Texas-based 3D vision and controls developer for robotic automation in the logistics and e-commerce markets, raised funding of an undisclosed amount. Schematic Ventures led the round, and was joined by investors including Lerer Hippeau, ff Venture Capital, First Star and Dynamo.

• ICEYE, an Earth observation data company, raised $34 million in Series B funding. True Ventures led the round, and was joined by investors including Draper Nexus, Draper Associates, Seraphim Capital, Space Angels, OTB, Tesi, Draper Esprit and Promus Ventures.

• BRD, a Switzerland-based bitcoin and cryptocurrency mobile wallet, has raised $32 million in funding. Investors include East Ventures.

• Phenom People, a Horsham, Penn.-based talent relationship marketing platform, raised $22 million in Series B funding. AXA Venture Partners led the round, and was joined by investors including Sierra Ventures, Sigma Prime Ventures and Omidyar Ventures.

• Surkus Inc, a Los Angeles-based provider of event technology, raised $10 million in Series B funding. EOS.global led the round.

• Crowd Cow, a Seattle-based small-batch craft meat company, raised $8 million in Series A funding. Madrona Venture Group led the round, and was joined by investors including Sound Ventures and Joe Montana.

• Porter Road, a online whole animal butcher shop, raised $3.7 million in seed funding. Investors include Max Ventures, Slow Ventures, BoxGroup, Tribeca Venture Partners, Collaborative Fund, and Great Oaks VC.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

PIPELINE – IPO

IPOs are alive and well! Here are few this month:

• Greensky, an Atlanta, Ga.-based sales platform, raised $874 million in an IPO of 38 million shares priced at $23, an upsized IPO at the tip end of its range (previously, the firmplanned to sell 34.1 million shares priced between $21 to $23). Pacific Investment Management Company and TPG back the firm. Goldman Sachs, J.P. Morgan, and Morgan Stanley are underwriters in the deal. The firm listed as “GSKY” Thursday on the Nasdaq. Read more.

• Focus Financial Partners, a New York-based wealth management firm, filed for an $100 million IPO. The firm posted revenue of $662.9 million in 2017. Goldman Sachs, BofA Merrill Lynch, and KKR are underwriters in the deal. The firm plans to list on the Nasdaq as “FOCS.” Read more.

• Magenta Therapeutics, a Cambridge, Mass.-based focused on bone marrow transplants, filed for a $100 million IPO. J.P. Morgan, Goldman Sachs, and Cowen are underwriters in the deal. The firm has yet to post a revenue. Third Rock Ventures (28.9%), Atlas Venture (17.5%), and Alphabet (12%) back the firm.

• Kezar Life Sciences, a South San Francisco-based small molecule therapeutics maker for autoimmune diseases and cancer, filed for an $80.5 million IPO. The firm has yet to post revenue. Morningside Venture Investments (15.5% pre-offering), Cormorant Asset Managers (9.9%), Onyx Therapeutics (8.4%), and Cowen Healthcare Investments (7.6%) back the firm. Jefferies, Cowen, Wells Fargo, and William Blair are underwriters in the deal. The firm plans to list on the Nasdaq as “KZR.” Read more.

• Scholar Rock Holding, a Cambridge, Mass.-based biotech developing diseases in which protein growth plays a main factor, raised $75 million in an IPO of 5.36 million shares priced at midpoint of $14 a share. Fidelity (15%), Polaris Venture (14%), ARCH Venture (14%), and Artal International(10%) back the firm. Jefferies, Cowen, and BMO Capital Markets are underwriters in the deal. The firm listed on the Nasdaq as “SPRK” Thursday. Read more.

• Xeris Pharmaceuticals, a Chicago-based Glucagon pen maker, filed for a $75 million IPO. Palmetto Partners (14% pre-offering), Deerfield Management (12.3%), and Redmile Group (12.3%) back the firm. Jefferies, Leerink Partners, RBC Capital, and Mizuho Securities are underwriters in the deal. The company plans to list on the Nasdaq as “XERS.” Read more.

Pipeline –

Objectives are not fate, they are a direction.

Let our Senior Executive Advisors move in the right direction with access to amazing people!

Here are a few private deals of interest:

• KKR invested $172 million in Cherwell Software, a Colorado Springs, Colo.-based ITSM platform. In February 2017, KKR previously made a $50 million investment in the firm.

• Wind River, an Almaeda, Calif.-based software provider to the embedded systems world, was acquired by TPG from Intel.

• Blue Wolf Capital Partners acquired a majority stake in The State Group,a Toronto-based industrial service contractor. Yellow Point Equity Partners has a minority investment. Financial terms weren’t disclosed.

• Azuga, a San Jose, California-based a provider of connected vehicle and fleet technologies, gained a majority investment from Sumeru Equity Partners. Financial terms weren’t disclosed.

• AeroCision, a Chester, Conn.-based provider of aerospace engine components, was acquired by Liberty Hall Capital Partners. AeroCision will be integrated into portfolio company Bromford Industries. Financial terms weren’t disclosed.

• Owen & Co., a Toronto-based portfolio company of Novacap mattress maker, merged with sister company Kingsdown. Financial terms weren’t disclosed.

• ATA RiskStation, a Dallas-based provider of cloud-based portfolio risk analytics, gained an investment from Caruth Capital Partners. Financial terms weren’t disclosed.

• Conga, a Chicago-based portfolio company of Salesforce Ventures and Insight Venture Partners, acquired Counselytics, a New York City-based firm using AI analytics on emails, invoices, and more. Financial terms weren’t disclosed.

• Kian Capital recapitalized The Retrofit Source, an Atlanta-based automotive lighting maker. Financial terms weren’t disclosed.

• Prairie Capital recapitalized Family Allergy & Asthma, a consortium of allergists in Kentucky and Indiana. Financial terms weren’t disclosed.

• Texas Hydraulics, a portfolio company of Wynnchurch Capital, acquired The Oilgear Company, a Traverse City, Mich.-based provider of hydraulic pumps and valves. Financial terms weren’t disclosed.

• Sorenson Capital and Webster Capital recapitalized Home Brands Group Holdings, a Phoenix-based bathroom remodelling franchise. Financial terms weren’t disclosed.

• Bain Capital Private Equity acquired World Wide Packaging, Florham Park, N.J.-based provider of cosmetic packaging components. Financial terms weren’t disclosed.

• Davey Coach Sales, a portfolio company of Progress Equity Partners, acquired Intermountain Coach, a Colorado Springs-based dealer of mid-sized buses. Financial terms weren’t disclosed.

• PPC Partners acquired C.H. Guenther & Son, a San Antonio, T.X.-based private label food maker. Financial terms weren’t disclosed.

Happy Investing and Networking,

Investor Network by JD