Deals in brief

Gauge Capital recaps Lucent Health

Gauge acquired Lucent from a consortium of investors led by NaviMed Capital.

Flourish Ventures taps Kaushik as Asia investments head

Ravi Kaushik will lead the global firm’s fintech investments and portfolio management in India and Southeast Asia.

Intrepid-backed Tivoli acquires Texas Gulf Coast terminal and infrastructure assets

Houston-based Tivoli is a midstream, logistics and services company.

Capitol Meridian-backed Clarity Innovations taps Usé-Hull as SVP of growth

Clarity Innovations is a Columbia, Maryland-based provider of advanced data and cyber analytics services and software to the U.S. national security community.

Heartwood Partners promotes Dounis, Sidwa and Tan to managing partners

Dounis joined Heartwood in 2020, Sidwa came on board in 2009 and Tan joined in 2011.

Thoma Bravo agrees to take Darktrace private

Darktrace is a listed UK cybersecurity artificial intelligence company.

Movement Labs inks $38m Series A

Polychain Capital led the round.

NorthSands invests in Wellspring Capital's continuation fund for SupplyOne

NorthSands was founded in late 2023 by former Blackstone Senior Managing Director Bruce McEvoy.

Niobrara Capital and Prysm Capital invest $175m in manufacturer Polar Semiconductor

Polar Semiconductor's previous investors Allegro MicroSystems and Sanken Electric Co will maintain their investments in the company, becoming minority owners.

Madison Dearborn and HPS sell insurance firm NFP to Aon for $13bn

NFP will continue to be led by CEO Doug Hammond.