Luisa Beltran

Advent technology fund raises $2 bln

Advent International said Sept. 18 that its technology-focused fund closed on its $2 billion hard cap. The target for Advent Global Technology was $1.6 billion. The tech fund is a companion to Advent’s ninth private equity fund, which raised $17.5 billion. Advent said it has also opened an office in Palo Alto, California.

Flex Technology invests in Laser Technologies

Flex Technology Group and Oval Partners have invested in Laser Technologies Service. Financial terms weren’t announced. Laser Technologies, of Concord, Massachusetts, is an office technology provider.

Turnspire Capital elevates Osorio to partner

Turnspire Capital Partners LLC said Sept. 18 that Abel Osorio was promoted to partner.

Providence Equity's eighth fund raises $6 bln: Wall Street Journal

Providence Equity Partners has closed its latest flagship on $6 billion, according to the Wall Street Journal. The target for Providence Equity Partners VIII LP was $5 billion, the story said.

GitLab raises $268 mln

GitLab said Sept. 17 that it raised $268 million in a Series E round led by existing investors Goldman Sachs and ICONIQ. The round included participation from nine new-to-GitLab investors. GitLab sells tools for software developers within a single application, according to the Wall Street Journal.

Nissan Motor seeks buyer for trading unit: Bloomberg

Nissan Motor Co has put Nissan Trading Co, which distributes vehicle parts and materials, up for sale in a transaction that could be valued at about $1 billion, Bloomberg is reporting. Nissan has invited private equity and trading firms to bid for all or 100 percent of Nissan Trading, the story said.

Cancom SE considers options after receiving takeover approaches: Bloomberg

Cancom SE is weighing options after receiving buyout approaches about a potential buyout, Bloomberg is reporting. Potential suitors of the German technology services provider include EQT and Permira, as well as larger rivals like CDW Corp, Germany’s Bechtle AG or an arm of Japan’s Nippon Telegraph & Telephone Corp, the story said.

CD&R seeks bid with PPG for Axalta Coating: Reuters

Clayton, Dubilier & Rice LLC is in talks to partner with PPG Industries to make a bid for Axalta Coating Systems, Reuters is reporting. Other investors of the consortium could include GIC and BlackRock, the story said. Axalta, a U.S. coatings company, went up for sale in July.

Anacapa Partners invests in Dooblo

Anacapa Partners said Sept.18 that it closed a growth investment in Dooblo. Financial terms weren’t announced. Dooblo, of Israel, provides mobile survey software for the market research industry.

Themis raises 40 mln euros

Themis said Sept. 18 that it raised 40 million euros ($44 million) in a Series D round of funding co-led by new investors, Farallon Capital and Hadean Ventures. MSD (tradename of Merck & Co Inc, Kenilworth NJ USA) and Adjuvant Capital, as well as current investors Global Health Investment Fund, aws Gruenderfonds, Omnes Capital, Ventech and Wellington Partners Life Sciences, also participated. Themis develops immunomodulation therapies for infectious diseases and cancer.