FTV Capital said Wednesday it promoted Kyle Griswold to partner. Robert Anderson and Aly Lovett were also promoted to principal while Richard Liu was named a vice president.
4 min read · 09 March 2016
Welsh, Carson, Anderson & Stowe (WCAS) has agreed to buy the QuickBase business of Intuit Inc. Financial terms weren’t announced. QuickBase is a software development platform. WCAS said QuickBase will operate as a stand-alone company in Cambridge, Massachusetts. QuickBase General Manager Allison Mnookin will be named CEO.
3 min read · 09 March 2016
Aprea AB said Wednesday it raised 46 million euros ($51 million) in a series B round of financing led by Versant Ventures and 5AM Ventures. Sectoral Asset Management also participated in the round while HealthCap was local lead investor. Aprea's main shareholder is KDev Investments AB, an investment vehicle owned by Karolinska Development AB and Rosetta Capital Ltd. Stockholm-based Aprea B is a clinical-stage biotechnology company developing anticancer compounds that aim to reactivate the tumor suppressor protein p53.
4 min read · 09 March 2016
Indiamart said Wednesday it raised a Series C round of financing led by Amadeus Capital. Financial terms weren't announced. Also participating were Westbridge Capital, the Accion Frontier Inclusion Fund, managed by Quona Capital in addition to Intel Capital. Indiamart, of New Delhi, is an online marketplace.
5 min read · 09 March 2016
Capella Bioscience Ltd said Tuesday it closed an 11 million pound ($15.5 million) Series A financing round. Investors include Advent Life Sciences, Medicxi Ventures, and Osage University Partners. London-based Capella is developing monoclonal antibody medicines.
3 min read · 08 March 2016
FinTech Acquisition Corp. has agreed to buy CardConnect, which is majority owned by FTV Capital. FinTech Acquisition, a blank check company, is paying approximately $180 million in cash and $170 million in FNTC common stock. King of Prussia, Pennsylvania-based CardConnect is a payment processing and technology solutions provider. Piper Jaffray & Co. acted as M&A Advisor to FNTC; Cantor Fitzgerald & Co. acted as Capital Markets Advisor to FNTC; while Ledgewood was FNTC’s attorney. Financial Technology Partners advised CardConnect while Kirkland & Ellis LLP acted as legal counsel.
10 min read · 08 March 2016
OpenGate Capital said Tuesday it completed its buy of Bois & Matériaux. Wolseley plc is the seller. Financial terms weren’t announced but OpenGate said it is investing 25 million euros ($27.5 million) into the B&M business. Paris-based Bois is a business-to-business distributor of building materials in France.
3 min read · 08 March 2016
H.I.G. Realty Partners, an affiliate of H.I.G. Capital, has acquired Northridge at Westfields in Chantilly, Virginia. Northridge is an office portfolio comprised of three buildings aggregating approximately 100,000 square feet, plus a 12 acre land parcel that can accommodate approximately 100,000 square feet of additional office space.
2 min read · 08 March 2016
The Business Growth Fund has invested in Paintbox Automotive. Financial terms weren’t announced. Paintbox, of the U.K., provides painted exterior assemblies to the luxury automotive marques. Livingstone Partners advised Paintbox.
2 min read · 08 March 2016
1 min read · 08 March 2016