Private Equity
Bynder said Oct. 17 that Bert van der Zwan has joined the company as CEO. He succeeds current CEO and founder Chris Hall, who will join the Bynder Supervisory Board as of Nov. 1. Van der Zwan, a software veteran, is currently CEO of Onguard. Bynder is backed by Insight Venture Partners.
3 min read · 17 October 2019
Sverica Capital Management said Oct. 17 that Ryan Harstad and Gregg Osenkowski were promoted to partner effective immediately.
2 min read · 17 October 2019
Sofinnova Partners said Oct. 17 that its latest early-stage healthcare venture capital fund closed on 333 million euros ($370.3 million). Sofinnova Capital IX will invest in the healthcare industry and more specifically in the biopharmaceutical and medical device sectors.
3 min read · 17 October 2019
Pendo.io said Oct. 17 that it raised $100 million in Series E funding led by Sapphire Ventures. New investors General Atlantic and Tiger Global, along with existing investors Battery Ventures, Meritech Capital, FirstMark, Geodesic Capital, and Cross Creek participated in the round. Pendo is a product cloud that aims to help digital product teams and application owners deliver software experiences that users love.
4 min read · 17 October 2019
KKR said Oct. 16 that it named new leadership for its private equity businesses. Pete Stavros and Nate Taylor were promoted to co-lead the private equity business in America, while Mattia Caprioli and Philipp Freise will co-lead the private equity business in Europe. In Asia-Pacific, Hiro Hirano and Ashish Shastry will co-lead that business.
5 min read · 17 October 2019
Idinvest Partners said Oct. 17 that its third fund closed on 350 million euros ($389.2 million). The target of Idinvest Digital Fund III was 300 million euros.
2 min read · 17 October 2019
Blackstone works with GSO investors to resolve looming key-person issue; KKR-backed Epicor goes off market
2 min read · 16 October 2019
KKR has picked six dealmakers to lead its PE businesses, the Wall Street Journal reported. Pete Stavros and Nate Taylor will co-lead the firm’s private-equity business in the Americas, while KKR promoted Mattia Caprioli and Philipp Freise to head its European PE business, the WSJ said. Hirofumi Hirano and Ashish Shastry are leading the firm’s Asia-Pacific region, the story said.
1 min read · 16 October 2019
LLR Partners and Parthenon Capital have invested in DaySmart Software as part of a recap. Financial terms weren’t announced. SFW Capital Partners, which invested in DaySmart in 2016, is exiting. DaySmart provides business management software to the salon, pet care, spa and tattoo industries. Raymond James provided financial advice to DaySmart.
3 min read · 16 October 2019
Permira said Oct. 16 that it closed its latest buyout fund on its 11 billion euro ($12.13 billion) hard cap. Permira VII will invest in technology, consumer, financial services, healthcare, industrial tech and services.
1 min read · 16 October 2019
