Private Equity
Rubik’s Brand Ltd said Jan. 7 that it sold a minority stake to Bancroft Investment. Financial terms weren’t announced. Rubik’s Brand owns the rights to Rubik’s Cube. Christoph Bettin, who founded Marbel Ltd, has joined as CEO of Rubik’s Brand.
3 min read · 07 January 2019
2 min read · 04 January 2019
Jvion said Jan. 3 that it raised funding from JMI Equity, Health Enterprise Partners and Health Velocity Capital. Financial terms weren’t announced. Jvion, of Johns Creek, Georgia, provides AI healthcare software.
4 min read · 03 January 2019
JMI Equity has invested $25 million in AlertMedia, which provides emergency communication software. Including the new funding, AlertMedia, of Austin, has raised $42 million from investors including Next Coast Ventures and Silverton Partners.
3 min read · 03 January 2019
KKR said Jan. 3 that it is committing $1 billion to a partnership with Altavair AirFinance, that will include buying a 50 percent stake in the commercial aviation finance company. KKR said it will also buy commercial aircraft with Altavair, who will also be KKR’s partner for aircraft leasing investments going forward. KKR’s initial investment will go towards buying six cargo aircraft on long-term lease with a diverse group of airline counterparties. KKR was advised by Simpson Thacher & Bartlett. Altavair was advised by Milbank.
3 min read · 03 January 2019
Health Enterprise Partners said Jan. 3 that Ezra Mehlman was promoted to managing partner.
2 min read · 03 January 2019
Lightspeed China Partners said Jan. 2 it raised $560 million of committed capital. This includes $360 million for Lightspeed China Partners IV and $200 million for Lightspeed China Partners Select I. LCP IV will invest in early stage technology companies in China while LCP Select I will focus on growth investments in China.
5 min read · 03 January 2019
Blackbaud has acquired YourCause for about $157 million. The deal closed Jan. 2. YourCause, of Plano, Texas, provides software for the philanthropy industry. Providence Strategic Growth, which owned a majority of YourCause, is the seller. Shea & Company LLC provided financial advice to YourCause, while Weil, Gotshal & Manges LLP acted as legal adviser.
6 min read · 03 January 2019
Gynesonics said Jan. 3 that it raised $75 million in equity financing led by Bain Capital Life Sciences. Gynesonics existing investors, including Abingworth, Advanced Technology Ventures (ATV), Endeavour Vision, HealthCrest, InterWest Partners, HBM Partners, Correlation Ventures and Hercules Technology Growth Capital also participated in the round. Gynesonics, of Redwood City, California, is developing treatments for uterine conditions.
4 min read · 03 January 2019
Gridiron Capital LLC said Jan. 3 that it closed the previously announced sale of Quality Solutions Inc to Cushman & Wakefield. Financial terms weren’t announced. Quality Solutions offers facilities maintenance and managed services.
1 min read · 03 January 2019
