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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.

• AeroCisiona 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.

 

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

Investor Network by JD

 

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Deal that close – 2017-09-28


Through Back Thursday Video

 

DEAL THAT CLOSE (A BUFFET)

• SpotRight, a Little Rock, Ark.-based audience insights and targeting platform for brands and agencies, raised $6.75 million in funding. Investors include TechOperators and Silicon Valley Bank.

silicon valley bank

• PatientSafe Solutions, a San Diego, Calif.-based provider of mobile clinical workflow and communication services, raised $25 million in funding. HighBar Partners led the round, and was joined by Merck Global Health Innovation Fund, Camden Partners, Psilos Group and TPG.

tpg capital

•  Onfidoan identity verification provider, raised $30 million in funding. Crane Venture Partners led the round and was joined by investors including Microsoft Ventures and  Salesforce Ventures.

• Royole Corp, a China and California-based maker of human-machine interface technologies and products, raised $800 million in Series D funding. This figure includes $240 million in equity financing from Warmsun Holding Group, Hanfor Capital, SPD Bank, Zhonghai Shengrong Capital, and TanShi Capital; and $560 million in debt financing from Bank of China, Industrial and Commercial Bank of China, China CITIC Bank, Agricultural Bank of China, and Ping An Bank.

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.

.JPG OF THE DAY

market-cap

VC Deal Flow


We hope to launch our new beta blog in 4q2017, but want keep posting about deals closing!  Here a few:

  • Science Exchange, a Palo Alto, Calif.-based operator of a platform for scientific services, raised $28 million in Series C funding. Norwest Venture Partners led the round. Existing investors Union Square Ventures, Maverick Capital and Collaborative Fund participated.
  • Spruce Finance Inc, a San Francisco-based provider of consumer financing for residential energy efficiency and solar technology, raised $25 million in funding from HPS Investment Partners.
  • Vector, a Tucson, Ariz.-based micro-satellite launch company, raised $21 million in Series A funding. Sequoia Capital led the round, and was joined by Shasta Ventures and Lightspeed.
  • Lynq, a New York City-based location technology startup, raised $19 million in seed funding. Plus Eight Equity Partners led the round, and was joined by investors including ARC Angel Fund and Angel Investor Forum.
  • Bonfire, a Canada-based sourcing enablement software, raised $11 million in funding. Battery Ventures led the round, and was joined by investors including Crosslink Capital and Spider Capital.
  • Make.TV, a Seattle, Wash.-based cloud live video acquisition and management solution, raised $8.5 million round of funding. Voyager Capital led the round. Microsoft Ventures, Vulcan Capital and Arnold Venturesparticipated.
  • Harver, an Amsterdam-based HR tech company, raised $8.1 million in Series A funding. Insight Venture Partners led the round.
  • Work Truck Solutions, a Chico, Calif.-based provider of commercial truck inventory solutions, raised $5 million in funding. Autotech Ventures led the round, and was joined by investors including Belle Michigan, Wakestream Ventures, Moneta Ventures and Golden Seeds.
  • UpKeep, a Los Angeles-based provider of maintenance management solutions for facility maintenance teams, raised $2.7 million in seed funding. Investors include Battery Ventures and Bain Capital Partners.
  • Terran Orbital, an Irvine, Calif.-based nanosatellite design, development, manufacturing, testing and launch company, raised funding of an undisclosed amount from Lockheed Martin Ventures.
  • ProSteel Security, a Provo, Utah-based maker of safety and security products, raised funding of an undisclosed amount. Investors include City Capital Ventures and Promus Equity Partners LLC.
  • Kakao Mobility, the South Korea-based ride-hailing service platform run by Kakao Corp, raised 500 billion KRW ($437 million) in funding from TPG.
  • tpg capital

PEG Pipeline and Telecom


TPG Capital has agreed to acquire regional broadband services providers RCN Telecom Services and Grande Communications Networks from ABRY Partners, via a pair of separate transactions valued at $1.6 billion and $650 million, respectively.

I have been very luck to help some top telecom executive over last past few decades and yes I can now say decades with an “S” on the end.  From early mobile, long distance, satellite, and apps are the big hit or miss.  If you own an early stage app company or better yet a EBITDA telecom company, contact me at +1 858-869-9483 anytime.

Telecom Bloomberg

PEG PIEPLINE

• Advent International has agreed to acquire Fort Dearborn Co., an Elk Grove, Ill.-based provider of prime labels for the consumer goods industry, from KRG Capital Partners. No financial terms were disclosed, although earlier media reports suggested an $800 million price-tag. Losing bidders included The Carlyle Group and CCMP Capital Partners.

Advent International

• Aclara Technologies LLC, a Hazelwood, Mo.-based portfolio company of Sun Capital Partners, has acquired the smart grid business of Tollgrade Communications Inc., a Cranberry Township, Penn.-based portfolio company ofGolden Gate Capital. No financial terms were disclosed. www.aclaratech.com

• Axiom Materials, a Santa Ana, Calif.-based provider of composites development and manufacturing, has secured an undisclosed amount of private equity funding from Sorenson Capital. www.axiommaterials.com

• The Carlyle Group has agreed to acquire NetMotion Wireless Inc., a Seattle-based provider of mobile security software, from Clearlake Capital Group. No financial terms were disclosed for the deal, which is expected to close later this quarter. www.netmotionwireless.com

• Davalor Mold Corp., a Chesterfield, Mich.-based manufacturer of injection molded plastic products, has raised an undisclosed amount of private equity funding from Blackford Capital. www.davalor.com

• KKR is considering a takeover offer for Entertainment One Ltd. (LSE: ETO), a British television distributor that owns preschool cartoon Peppa Pig, according toBloomberg. The possible approach comes after Entertainment One rejected a bid from ITV PLC (LSE: ITV). Entertainment One has a current market cap just north of £1 billion.

KKR

• Norland Capital, Iconiq Capital and RIT Capital Partners have jointly acquired CSL, a UK-based provider of connectivity solutions for machine-to-machine communications, from Bowmark Capital. No financial terms were disclosed. www.csldual.com

• Oncap has agreed to acquire Tecta America Corp., a Rosemont, Ill.-based provider of commercial roofing services, from Oaktree Capital Management. The deal is valued at $280 million. www.tectaamerica.com

• Tall Tree Foods, a portfolio company of Altamont Capital Partners, has acquired The January Co., a Kent, Wash.-based manufacturer of Chinese-style meat products. No financial terms were disclosed. www.januarycompany.com

• Topspin Partners has acquired a majority stake in Texas Family Fitness, an operator of fitness clubs in suburban Dallas, from founder Trevor Rogers (who will retain an ownership stake). No financial terms were disclosed. Going forward, the company will be led by new CEO Aaron Watkins, former president of Gold’s Gym International Inc. www.texasfamilyfitness.com

TPG Capital has agreed to acquire regional broadband services providers RCN Telecom Services and Grande Communications Networks from ABRY Partners, via a pair of separate transactions valued at $1.6 billion and $650 million, respectively.

tpg capital

• Trident Maritime Systems, a Virginia-based portfolio company of J.F. Lehman & Co., has agreed to acquire Callenberg Technology Group, a Swedish maker of HVAC, electrical energy management and insulation systems for commercial and government vessels, from Wilhelmsen Maritime Services AS. No financial terms were disclosed. www.tridentmaritimesystems.com

• Velodyne LiDAR, a Morgan Hill, Calif.-based provider of  technology that lets self-driving cars see and avoid what’s around them, has raised $150 million in equity funding from Ford Motor Co. and Baidu.

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Contact JD Morris anytime via text 858-869-9483 about $4 million plus EBITDA deals.  Our network of deal people can do billion dollar down to just few million dollar M&A deals.

Happy Networking,

JD Morris

JD Morris

Join me on LinkedIN: https://www.linkedin.com/in/jdmorris

 

 

 

 

Private Equity’s Top 50 Firms for 2012


If you have a great deal (i.e. great vs. good), let me introduce you to one of my friends that is a partner in Venture Capital, Private Equity, or other types of investors. Learn more about JD Morris:  http://www.linkedin.com/in/jdmorris

Today’s we profile the top 50 in size Private Equity Funds.   TPG, The Blackstone Group, KKR, Goldman Sachs, The Carlyle Group are all well know names, but as we know their are thousand of Private Equity Groups ( PEGs).  Here is a great chart about the top 50:

Top-50-thin

E-mail me about your deal and I can make an introduction based on it being a great deal.

Happy Investing & Networking

JD Morris

JD Morris

JD on LinkedIn: http://www.linkedin.com/in/jdmorris

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