BETA The Capitalization Report v21.01.07 Reblog – 10 standout Europen deals that shaped 2020 by Pitchbook


RHC family of funds is happy to share data and research with accredited invetors. Contact JD Morris via this on LinkedIn: https://www.linkedin.com/in/admin4jdm/

KEYWORDS: Worldline,  Ingenico, Nexi, Takeaway.com, eBay, Thyssenkrupp, Advent International, Cinven, Liberty Steel, KKR, Viridor, Pennon, SoftBank, Arm, Nvidia, WeWork, Borsa Italiana, Refinitiv,  Deutsche Boerse, Six, RSA Group, Intact Financial, Tryg, Bain Capital, Ellie Mae, Walmart,  Asda,  Sainsbury‘s,  Apollo Global Management, Lone Star, TDR Capital, G4S, GardaWorld,

REBLOG PITCHBOOK

Clearly, 2020 was never going to be a normal year for M&A activity in the face of a global pandemic. Nevertheless, there have been some standout transactions. When it comes to deals worth $5 billion or more, activity has been decidedly lumpy this year, with a notable fallow period between March and September. Many of the major deals in the year’s cohort speak to broader economic and industry trends—not all of them COVID-related. This list, while not comprehensive, looks at some of the key European themes at play over the past 12 months.

Last-minute deliveries

Takeaway.com secured its £6 billion (around $7.9 billion) acquisition of its rival Just Eat in January, following prolonged bidding with rival suitor Prosus that had begun the previous July with Takeaway’s initial bid. The deal, which created the continent’s largest food delivery company, got the final nod from regulators in April. It was a bitter loss for Prosus, which made three separate cash offers before it had to concede defeat. The Dutch-listed tech company was also beaten to the punch by Norway’s Adevinta in July when it had tried to buy eBay‘s classifieds unit in what was eventually a $9 billion deal.

Payments giants

French payments company Worldline agreed to buy its rival Ingenico without too much fanfare in February. The €7.8 billion (around $9.5 billion) deal, which created the fourth-largest payment services provider in the world, was one of the last major European deals to be announced before the pandemic forced widespread lockdowns. The deal closed in October, and just a month later, Italian digital payments company Nexi, itself the product of several mergers, agreed to buys its Danish rival Nets in another €7.8 billion deal.

Link to Article: https://pitchbook.com/news/articles/10-standout-european-deals-that-shaped-2020

BETA The Capitalization Report v21.01.05 FinTech & DeFi


KEYWORDS: Narmi, Finja, Atomic FI, Envel, Qoyod, Income Lab, Hakki Africa, MoneyAbility, OrthoBanc, Decentralized Finance, DeFi, FinTech

EDITORS NOTE: We continue to provide data and information in different formats. We welcome your feedback. For full information on these deals contact JD Morris via LinkedIn.

RECENT FINTECH DEALS

NarmiThe company raised $19.17 million of venture funding from undisclosed investors on December 31, 2020.
Finja (Financial Software)The company raised $12 million of Series A1 venture funding from Investment Capital Ukraine, VEF and Quona Capital on December 29, 2020. BEENEXT (Singapore) and Gray Mackenzie Engineering Services also participated in the round. Out of the total funding, $3 million was raised in the form of convertible debt and subsequently converted to equity. The funding raised will be used to rapidly scaleup and create an unprecedented impact in the industry.
Atomic FIThe company raised $7 million of convertible debt financing from undisclosed investors on December 29, 2020. Previously, the company raised $5.91 million of seed funding through a combination of Seed Plus-1 and Seed Plus-2 from Core Innovation Capital and other undisclosed investors on July 6, 2020, putting the company’s pre-money valuation at $15 million.
Starship (Financial Software)The company raised $4.3 million of venture funding from undisclosed investors on December 29, 2020.
EnvelThe company raised $4 million of seed funding in the form of convertible debt in a deal led by Paul Pagnato alongside 10 other investors on December 31, 2020.. And also the company is in the process of raising $50,000 of equity crowdfunding via Wefunder in the form of convertible debt as of November 20, 2020. It plans to close the round on March 18, 2021.
QoyodThe company raised $2.1 million of Series A venture funding in a deal led by Merak Capital on December 29, 2020. Other undisclosed investors also participated in the round.
Verify4The company is in the process of raising seed2 funding in 2021. Previously, the company raised $2.01 million of seed1 funding from undisclosed investors on December 31, 2020. The company is being actively tracked by PitchBook
Income LabThe company raised $919,995 of angel funding from undisclosed investors on December 29, 2020.
RealKeyThe company raised $675,000 of convertible debt financing from undisclosed investors on December 29, 2020.
Hakki AfricaThe company raised JPY 30 million of seed funding from Fals Co. Ltd on December 29, 2020. The company will use this fund to finance used car finance for taxi drivers, which is a rapidly growing business.
MoneyAbilityThe company raised $124,000 of angel funding from undisclosed investors on December 31, 2020.
Luxor TechnologyThe company received $100,000 of financing from Routemaster Capital (TSX: RM) on December 29, 2020. Routemaster has the right to invest an additional $200,000 into the company.
FICThe company is no longer in business as of January 1, 2021. The company is no longer actively tracked by PitchBook.
Neotic (Financial Software)The company is no longer actively in business as of January 1, 2021. The company is no longer tracked by PitchBook.
OrthoBancThe company was acquired by OrthoFi, via its financial sponsors Accel-KKR and Boathouse Capital, through an LBO on December 31, 2020 for an undisclosed sum.
PERACSThe company was acquired by MJ Hudson (LON: MJH) for an undisclosed amount on December 30, 2020.

SIX MONTH OVERVIEW DECENTRALIZED FINANCE

Growth Metrick places 74 deals (100% YoY) with $269.11 million capital invested (140.04% Yoy) with average age of company being 1.7 years (.6 years between deals).

Decentralized Finance (DeFi) encompasses conventional financial tools and services built on blockchain. DeFi is offered on open protocols and decentralized networks, enabling users to be custodians of their own assets. Companies in this space develop open lending protocols, issuance & investing platforms, decentralized prediction markets and other blockchain-based alternatives to traditional finance.

BETA: The Capitalization Report v21.01.04 SaaS


KEYWORDS: CapVest Partners, Datasite, Honeywell, Sine Group, LeadSquared, Urbantz, Cledara, Ripcord, Engine ML, Aurora Solar,

SAAS DEALS NEWS

Funds managed by CapVest Partners LLP, an international private equity firm, acquired Datasite, a Minneapolis-based SaaS technology provider for mergers and acquisitions (M&A) professionals 

Honeywell (NYSE: HON) acquired Sine Group, an Adelaide, Australia-based technology and software as a service (SaaS) company that provides visitor management, workplace and supply chain solutions that are accessible with mobile devices

LeadSquared, a San Francisco, CA-based sales automation SaaS platform, raised $32m in Series B funding 

Urbantz, a Brussels, Belgium-based SaaS company aiming to increase efficiency and sustainability of last mile delivery operations, raised €6m in Series A funding

Cledara, a London, UK-based SaaS purchase and management platform provider, raised $3.4M in funding

Ripcord, a SaaS-based, next-gen digital transformation provider that eliminates paper to empower intelligent business processes, acquired deep learning company Engine ML 

Aurora Solar, a San Francisco, CA-based SaaS company developing tools that enable solar professionals to design and sell solar remotely, raised $50m in Series B funding

GUURU Solutions Ltd, a Zurich, Switzerland-based SaaS customer service startup, raised $5M in a Series A extension funding

BETA The Capitalization Report v20.12.28 Funds


KEYWORDS: Qumra Capital, Flashpoint Venture CapitalPeriscope Equity, BPEA Strategic Healthcare fund, BPEA, Westlake Village BioPartners, XYZ Venture Capital, Capria Ventures, Global Ventures.

NEW FUNDS

Qumra Capital, a Tel Aviv, Israel-based growth investor, closed its third fund, at $260m

Flashpoint Venture Capital, a diversified international technology investment firm, is announcing the first close of its third venture capital fund targeting US$75-100m

Periscope Equity, a Chicago, IL-based private equity firm focused on investing in technology-enabled services and software companies, closed its second institutional fund, Periscope Equity II, L.P. , at $225m

BPEA, a Boston, MA-based private equity firm, closed its BPEA Strategic Healthcare fund, at $352m

Los Angeles area, CA-based venture capital firm Westlake Village BioPartners has launched two new funds totaling $500m

San Francisco, CA-based venture capital firm XYZ Venture Capital launched its $80m second fund

PRESS RELEASE CAPRIA VENTURES FUND OF FUNDS

Global Ventures, a UAE-based venture capital firm, has partnered with Capria Ventures (Capria), a Seattle-based global investment fund-of-funds. 

Capria is backed by international investors, including Vulcan Capital, the Ford Foundation, Bill Gates, the World Bank’s International Finance Corporation, Unitus Labs, and other leading impact investors. 

Global Ventures backs global-minded founders who lead growth-stage companies and use technology to transform emerging markets. It has invested in 25 companies, operating across 15 markets, using capital from its two funds. The second fund is focussed on technology companies addressing critical needs and demands in recently accelerated industries. Global Ventures is a leading provider of capital and value creation for start-ups in the Middle East and Africa (MEA).

Read more: ventureshttps://www.privateequitywire.co.uk/2020/12/15/293586/global-ventures-partners-capria-ventures

BETA: The Capitalization Report v20.12.14 Funds


KEYWORDS: Funds, Rally Ventures, Ada Ventures, Crossplane Capital, Forbion, Highland Europe, Curio Wellness, Venture Capital, Private Equity, Crossplane Capital Fund

NEW FUNDS

Rally Ventures, a Menlo Park, CA- and Minneapolis, MI-based technology venture capital firm, closed Rally IV, at $250m 

London, UK-based seed venture capital firm Ada Ventures closed its first fund, at $50m 

Crossplane Capital, a Dallas, TX-based private equity firm, closed its inaugural fund, Crossplane Capital Fund, L.P., at $275m

Forbion, a Naarden, The Netherlands and Munich, Germany-based life science venture capital firm, secured its fifth flagship fund, Forbion V, at €460m

Pan European private equity firm Highland Europe closed its fourth fund, at €700M

Timonium, Md.-based medical cannabis and wellness company Curio Wellness has launched a new $30m funding program

OTV (formerly known as Olive Tree Ventures), an Israel-based digital health first venture capital firm, closed a fund, at $170M

Scale Venture Partners, a Foster City, CA-based venture capital firm, closed its latest fund, at $600m 

PRESS RELEASE

DALLAS–(BUSINESS WIRE)–Crossplane Capital (“Crossplane”), a Dallas-based private equity firm that targets control investments in niche manufacturing, value-added distribution and industrial business services companies, today announced the final closing of its inaugural fund, Crossplane Capital Fund, L.P., at its $275 million hard cap.

Crossplane was founded in October 2018 by partners Brian Hegi and Ben Eakes, managing director Mike Sullivan and operating partner Ingrid West, to invest control equity into companies with up to $15 million of EBITDA that are either family owned and seeking a partner or involved in a complex situation. Since its founding, Crossplane has completed three platform acquisitions, including The Accent Family of Companies in September 2019, TransAxle in December 2019 and Griffin Dewatering in November 2020. From its initial 4-person team, Crossplane has grown to an 11-person team with deep experience as senior executives, operational improvement consultants, strategy consultants, restructuring advisors and private equity investors.

Read full press release:

https://www.businesswire.com/news/home/20201208005106/en/Crossplane-Capital-Closes-Inaugural-Fund-at-Its-275-Million-Hard-Cap

BETA: Capitalization Report v20.12.09 Funds


NEW FUNDS

London, UK-based seed venture capital firm Ada Ventures closed its first fund, at $50m,

Crossplane Capital, a Dallas, TX-based private equity firm, closed its inaugural fund, Crossplane Capital Fund, L.P., at $275m

Forbion, a Naarden, The Netherlands and Munich, Germany-based life science venture capital firm, secured its fifth flagship fund, Forbion V, at €460m

Pan European private equity firm Highland Europe closed its fourth fund, at €700M

Timonium, Md.-based medical cannabis and wellness company Curio Wellness has launched a new $30m funding program

OTV (formerly known as Olive Tree Ventures), an Israel-based digital health first venture capital firm, closed a fund, at $170M

Scale Venture Partners, a Foster City, CA-based venture capital firm, closed its latest fund, at $600m

Contour Venture Partners, a New York City-based seed stage venture capital firm, closed Contour Venture Partners IV, at $82m

Sinai Capital Partners, a Los Angeles, CA-based multi-strategy private equity company, raised more than $600m in new capital between the two funds

PRESS RELEASE CROSSPLANE CAPITAL

DALLAS, December 8, 2020 – Crossplane Capital (“Crossplane”), a Dallas-based private equity firm that targets control investments in niche manufacturing, value-added distribution and industrial business services companies, today announced the final closing of its inaugural fund, Crossplane Capital Fund, L.P., at its $275 million hard cap.

Read more: https://www.crossplanecapital.com/news-finalclose

KEYWORDS: Crossplane Capital, Ada Ventures,  Forbion, Highland Europe, Curio Wellness, OTV, Scale Venture Partners, Contour Venture Partners, Sinai Capital Partners