Luisa Beltran

Scibids raises 2.2 mln euros

Scibids said Sept. 11 that it raised 2.2 million euros ($2.5 million) in a Series A round. Iris Capital invested in the round. Scibids, of Paris, provides AI-based programmatic bid management technology that aims to automate digital advertising campaigns.

Presidio Investors buys majority of ElevATE Semiconductors

Castanea Partners invests in West Coast Fitness

Castanea Partners has invested in West Coast Fitness LLC. Financial terms weren’t announced. Founders Paul Marcus and Brendon Ayanbadejo will remain shareholders and will continue to lead the business. West Coast Fitness is a franchisee and area representative of Orangetheory® Fitness that operates ten Orangetheory studios and oversees an additional seventeen studios owned by other franchisees in Los Angeles and San Francisco’s South Bay area. Latham & Watkins served as legal counsel to Castanea. Davis Wright Tremaine acted as legal counsel and Piper Jaffray & Co served as financial adviser to West Coast Fitness.

MarketCast Group buys Turnkey Intelligence

MarketCast Group, a portfolio company of Kohlberg & Co, has acquired Turnkey Intelligence. Financial terms weren’t announced. Turnkey Intelligence, of Philadelphia, is a sports research and advisory firm. JEGI provided financial advice to MarketCast, while Ropes & Gray LLP served as legal counsel. Antares Capital, Madison Capital, and Ares Capital provided debt financing.

Gladden joins Bain Capital Private Equity

Brian Gladden has joined Bain Capital Private Equity as an operating partner and CFO specialist within the firm’s North America portfolio group, according to his LinkedIn profile. Gladden most recently was CFO at Mondelēz International and Dell Inc.

Treez raises $11.5 mln

Treez said Sept. 10 that it raised a $11.5 million Series A round led by Intrinsic Capital Partners. AFI Capital Partners and Welcan Capital took part in the round. Intrinsic invested $10 million of the round. Treez, of Oakland, California, provides point of sale software for the legal cannabis industry.

Tiger Peak Capital buys majority of Voice Comm

Tiger Peak Capital has acquired a majority of Voice Comm. Financial terms weren’t announced. Rockwave Capital and Seven Shores invested along with company management. Voice Comm, of Pennsauken, New Jersey, is a supply chain manager for mobile device accessories. McGuireWoods served as legal advisers to Tiger Peak. Rush Street Capital advised on debt financing and CohnReznick LLP was the firm’s accounting and tax advisor.

Care Advantage buys Direct Home Health Care

Care Advantage Inc, a portfolio company of BelHealth Investment Partners LLC, has acquired Direct Home Health Care. Financial terms weren’t announced. Direct Home Health provides in-home personal care services primarily to Medicaid recipients from two locations in Virginia, Portsmouth and Newport News.

Biodesy raises $20 mln

Biodesy Inc said Sept. 10 that it raised $20 million Series C financing led by Alexandria Venture Investments and supported by existing investors 5AM Ventures, Pfizer Ventures and Roche Venture Fund. Ariel G. Notcovich has also joined Biodesy, a biomolecule characterization company, as CEO. Notcovich previously held scientific leadership positions at Bio-Rad Laboratories Inc.

Platinum Equity to exit BlueLine Rental in $2.1 bln sale

United Rentals Inc said Sept. 10 that it agreed to buy BlueLine Rental for about $2.1 billion. Platinum Equity is the seller. Blue Line, of The Woodlands, Texas, is an equipment rental company that serves more than 50,000 customers in the construction and industrial sectors with a focus on mid-sized and local accounts. Morgan Stanley & Co LLC and Centerview Partners provided financial advice to United Rentals, while Sullivan & Cromwell LLP acted as legal adviser. Barclays and Catalyst Strategic Advisors acted as financial advisers to Platinum Equity, and Latham & Watkins LLP acted as legal adviser.