Luisa Beltran

Vector Capital to make 6x its investment with 20-20 Tech sale

Vector Capital to exit 20-20 Technologies

Vector Capital said May 1 that it has agreed to sell 20-20 Technologies to Golden Gate Capital. Financial terms weren’t announced. 20-20, with offices in Laval, Quebec and Westwood, Massachusetts, provides interior space planning software. William Blair & Co provided financial advice, while Sidley Austin is legal advisor to 2020 and Vector Capital.

Cheetah Mobile's Live.me Inc raises $60 mln

Live.me Inc, a subsidiary of Cheetah Mobile Inc, has raised $60 million from investors including Matrix Partners China, Evolution Media China, Gobi Partners, IDG Capital and Welight Capital as well as Cheetah Mobile. Live.me is a live video streaming application.

Clairvest exits Lyophilization Services of New England

Clairvest Group Inc said April 28 that it has closed the sale of Lyophilization Services of New England Inc to Permira. Lyophilization Services, of Manchester, New Hampshire, is a contract manufacturing organization, providing outsourced lyophilization services to the pharmaceutical industry. Clairvest said it invested nearly $30 million and realized total proceeds of approximately $87 million. Wells Fargo Securities provided financial advice to LSNE.

Centerbridge buys Industrial Container

Centerbridge Partners LP said April 28 that it has acquired ICSH Parent Inc, parent of Industrial Container Services LLC. Aurora Capital Group is the seller. Industrial Container, of Maitland, Florida, said it collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually.

Invesco to buy Warburg-backed Source

Invesco Ltd said April 27 that it agreed to buy Source. Financial terms weren’t announced. Source is majority owned by Warburg Pincus. Source is a specialist provider of ETFs based in Europe. The deal includes about $18 billion in Source-managed AUM, plus about $7 billion in externally managed AUM. J.P. Morgan Ltd advised Source.

PRECap VI raises $1.29 bln

PGIM Real Estate said April 27 that its latest fund closed with more than 1 billion pounds ($1.29 billion) in capital. Pramerica Real Estate Capital VI (PRECap VI) will invest in private real estate debt in Europe, providing whole loans, mezzanine and preferred equity. PGIM Real Estate is the real estate investment business of PGIM, which itself is the global investment management business of Prudential Financial Inc.

Everfi raises $190 mln

Everfi Inc said April 26 that it has raised $190 million. The Rise Fund and TPG Growth invested $150 million, while Main Street Advisors and Advance Publications also invested in the round. Existing investors include Amazon CEO Jeff Bezos, Alphabet Chairman Eric Schmidt, Twitter Co-Founder Evan Williams, as well as Allen and Co. Everfi, of Washington D.C., is an education technology company.

Gerding Edlen Fund III raises $416 mln

Gerding Edlen Investment Management said April 26 that its third real estate fund closed with $416 million in capital commitments, exceeding its $350 million target. Gerding Edlen Green Cities III will invest in mixed-use, multi-family, and office properties in urban, high-growth markets. Gerding Edlen said it has committed about 64 percent of fund III's capital, investing in eight transactions.

Congenica closes B round

Congenica said April 27 that it closed a Series B round of funding. Additional investors include BGI Genomics, Healthlink Capital and Future Planet Capital. Congenica, of Cambridge, U.K., is a developer of clinical genomics software for inherited diseases.