Private Equity
Speechmatics said Oct. 21 that it raised 6.35 million pounds ($8.25 million) in Series A funding led by AlbionVC. IQ Capital, along with several angel investors, participated. Speechmatics, of London, is a speech recognition technology engine.
3 min read · 21 October 2019
BNP Paribas is buying a 22.5 percent stake in Allfunds. Financial terms weren’t announced. Hellman & Friedman and GIC will continue to own a majority. Allfunds is a wealthtech and fund distribution company offering services including data & analytics, portfolio & reporting tools, research, and regulatory services.
3 min read · 21 October 2019
E.fundamentals raised 5.3 million pounds ($6.9 million) in funding led by Maven Capital Partners. Downing Ventures and Scottish Enterprise also participated in the round. E.fundamentals, of London, is an ecommerce analytics.
2 min read · 21 October 2019
Parthenon comes to market with its sixth flagship fund; MLB said to allow funds to take minority stakes; Pritzker's Carbone dislikes "patient capital"
2 min read · 17 October 2019
NMS Capital said Oct. 17 that it invested in JAFLO Inc via a recap. Financial terms weren’t announced. JAFLO, of Allentown, Philadelphia provides vegetation management services for the utility and transportation end-markets in the Eastern and Midwestern regions of the United States.
4 min read · 17 October 2019
Ekos said Oct. 17 that it raised $8 million in a Series A round led by Noro-Moseley Partners. Ekos, of Charlotte, North Carolina, provides business management software for craft beverage companies.
3 min read · 17 October 2019
Major League Baseball will now allow investment funds to take minority stakes in multiple clubs, which could open the door to Wall Street firms and college endowments to invest, Bloomberg reported. The most prized major league teams are worth billions of dollars, which makes it difficult for part owners to find buyers for their stakes when they want to sell, the story said.
1 min read · 17 October 2019
Whitney, Bradley & Brown Inc, an H.I.G. Capital portfolio company, has acquired BRTRC Federal Solutions Inc. Financial terms weren’t announced. BRTRC, of Vienna, Virginia, provides support services across the Army and other U.S. Department of Defense and Intelligence Community agencies.
4 min read · 17 October 2019
Davies, an HGGC portfolio company, has acquired Alternative Service Concepts. Financial terms weren’t announced. Alternative Service, of Nashville, provides workers' compensation and property and casualty claims administration services to U.S. & Lloyds insurance businesses, public entities, self-insured entities, insurance agencies and brokers.
4 min read · 17 October 2019
Cathartes sold its stake in Westford Solar to Goldman Sachs Renewable Power. Financial terms weren’t announced. Westford Solar, of Middlesex County, Massachusetts, supplies power to a financial institution as well as two large universities in Massachusetts. Karbone Capital Markets advised Cathartes.
3 min read · 17 October 2019
