Private Equity
2 min read · 15 April 2016
Leonard Green & Partners’ Mister Car Wash expanded into Mississippi by acquiring seven Venture Car Washes. Terms weren’t disclosed. Mister Car Wash, Tucson, Arizona, now employs nearly 7,000 people at 172 car washes and 32 express lubes in 20 states.
1 min read · 15 April 2016
Pyramid Healthcare Inc, a portfolio company of Clearview Capital Fund II LP, closed the acquisition of Real Recovery of Asheville Inc. Terms weren’t disclosed. The deal is Pyramid’s fifth add-on acquisition under Fund II’s ownership and its second in North Carolina. Real Recovery, Asheville, North Carolina, provides living accommodations to help men ages 18 to 28 make the transition from substance-abuse recovery to independence. Also in Asheville, Pyramid operates OctoberRoad Inc, a provider of outpatient addiction and mental-health-treatment services. Clearview Capital LLC is headquartered in Old Greenwich, Connecticut.
2 min read · 15 April 2016
HomeToGo.com, the Berlin vacation-rental search engine, closed a $20 million Series B investment, led by new investor Insight Venture Partners and with participation from Series A investors DN Capital and Acton Capital Partners. HomeToGo said in a statement that it would use the funds to expand internationally and speed creation of new products. Founded in January 2014, the company operates in nine European countries – Austria, France, Germany, Italy, the Netherlands, Poland, Spain, Switzerland and the United Kingdom – and in the United States. Insight is based in New York, DN is in London and Acton is in Munich.
3 min read · 15 April 2016
PerimeterX, the San Mateo, California, provider of technology that defends websites from automated attacks, launched a bot-defender service. The company has closed $12 million in seed and Series A funding since it was founded in late 2014. Backers include Jonathan Heiliger, general partner of Vertex Ventures, who was vice president of technical operations at Facebook from 2007 until 2011. PerimeterX says its tech is relatively simple to integrate and provides “robust reporting for analyzed traffic and threats, giving companies full visibility and control into how and why items are being blocked.”
3 min read · 12 April 2016
Accel, the Palo Alto, California, venture-capital firm, closed its London V Fund at $500 million, eyeing early- and growth-stage investments in a variety of industries, particularly marketplaces, software as a service, and infrastructure. The London office has backed teams in 19 countries from London to Tel Aviv. Accel’s funds under management in Europe and Israel total $2.5 billion, and it said it sees “unprecedented opportunity” on the Continent and in the country.
2 min read · 12 April 2016
Blis, the London provider of location data technology, closed $25 million in Series B funding from new investors — Endeit Capital, Beringea US and Unilever Ventures — and additional credit facilities provided by Silicon Valley Bank. In a statement, Blis said it would use the funds to expand into new markets, including the United States, increase sales and marketing efforts, strengthen its data-engineering ability and develop new features. The company said it’s profitable, operating in more than 50 markets. Mooreland Partners was Blis’s financial adviser in the Series B round.
2 min read · 12 April 2016
Luxe, the San Francisco provider of on-demand valet-parking and other car services, closed $50 million of financing, a Series B round led by Hertz Global Holdings and joined by current investors Redpoint Ventures and Venrock. As part of the financing, Hertz President and CEO John P. Tague will join Luxe’s board. Luxe will use the financing to build out its services to other major urban areas, Tague said in a statement from Luxe. The company currently operates in currently operates in six major U.S. cities: Austin, Texas; Chicago, Los Angeles, New York, San Francisco and Seattle.
3 min read · 11 April 2016
Innova Capital Partners LLC and a subsidiary of the New York investment bank Goldman Sachs Group Inc said they formed a joint venture to develop telecom assets in Colombia. The venture will finance the efforts of Golden Communicaciones SAS of Bogota to build cellphone towers in the region. Terms weren’t disclosed. Golden owns and operates towers and other wireless infrastructure.
2 min read · 11 April 2016
Cambrooke Therapeutics Inc., the Ayers, Massachusetts, provider of medical nutrition products, closed a Series C investment round, led by Seventure Partners, the Paris asset manager. Seventure invested out of its Health For Life Capital vehicle, Cambrooke said in a statement. Also participating: Galen Partners, the Stamford, Connecticut, venture-capital firm and other co-investors from Europe and the United States. Oxana Kukhaneva, a partner at Seventure, has joined Cambrooke’s board.
2 min read · 11 April 2016
