BETA The Capitalization Report v20.02.20


KEYWORDS: TA Associates, Platinum Equity, Pamlico Capital, ForgePoint Capital, Align Capital Partners, Grove Ventures, Praetura Ventures, Thompson Street Capital Partners, Platinum Equity, Gainline Capital Partners

NEW FUNDS

  • Pamlico Capital, a Charlotte, NC-based lower middle-market private equity firm focused on growth-oriented businesses, closed a new fund, at $1.4 billion
  • ForgePoint Capital, a San Mateo, CA-based venture capital firm focused on cybersecurity, closed its second fund, at $450m
  • Align Capital Partners, a Dallas, TX and Cleveland, OH-based private equity firm, closed its second private equity investment fund, at $450m
  • Grove Ventures, a Tel Aviv, Israel-based early-stage deep tech-focused venture capital firm, closed Grove Ventures II, at $120m
  • A/O PropTech, a London, UK-based venture capital and private equity firm focused on proptech, has launched with €250m
  • Praetura Ventures, a Manchester, UK-based investor that backs early-stage businesses in high-value sectors, closed its second EIS fund, at £7m
  • OTHER FUNDS: Atomico, Da Vinci Capital Technology Fund III, Equal Ventures Fund I, Marcy Venture Partners Fund, and others upon request to our editor’s team at JD@investornetworkbyJD.com

Platium Equity

OTHER DEALS CLOSED

  • Platinum Equity acquired Biscuit International, a Paris-based manufacturer of private label sweet biscuits. Financial terms weren’t disclosed. (See press lease below)
  • Thompson Street Capital Partners will acquire Len the Plumber, a Boothwyn, Penn.-based full-service residential plumbing contractor.
  • EQT Partners and OMERS agreed to acquire Deutsche Glasfaser, a German broadband provider, from KKR. Financial terms weren’t disclosed.
  • Boxwood Merger Corp. (Nasdaq: BWMC), a publicly-traded special purpose acquisition company, acquired Atlas Intermediate Holdings, professional testing, inspection, engineering, program management and consulting services provider, from Bernhard Capital Partners for approximately $617 million.
  • Flywire acquired Simplee, a Palo Alto, Calif.-based healthcare payments technology platform. Financial terms weren’t disclosed. Simplee had raised approximately $37.8 million in venture funding from investors including Social Capital and Heritage Group. 
  • TA Associates acquired Auction Technology Group, a London-based online platform for auctions in Europe and the United States, from ECI Partners. It also acquired Proxibid, an Omaha, Neb.-based online marketplace, from Primus Capital. The companies will be brought under the ATG umbrella. Financial terms weren’t disclosed
  • IQ-EQ acquired Blue River Partners, a Dallas, Texas-based provider of outsourced solutions to alternative asset managers. Financial terms weren’t disclosed.

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