Private Equity
Ramphastos Investments has sold mobile telecom provider Robin Mobile to energy supplier Nuts Groep. No financial terms were disclosed.
2 min read · 02 July 2019
Forterro, which is backed by Battery Ventures, has agreed to acquire Abas Software, a German ERP vendor. No financial terms were disclosed.
3 min read · 26 June 2019
Getaround has acquired Norwegian carsharing platform Nabobil for $12 million. Getaround's investors include SoftBank, Menlo Ventures, Braemar Energy Ventures, Asset Plus, Triangle Peak Partners, SPARX Group, Toyota Motor Corporation, Cox Automotive Inc and SAIC Capital.
4 min read · 25 June 2019
Canadian healthcare technology venture capital firm iGan Partners has exited its investment in Rhythm Xience, an Eden Prairie, Minnesota-based medical device company. The exit resulted from Rhythm's acquisition by Carlsbad, California's Acutus Medical, a venture capital-backed arrhythmia care provider. Founded in 2014, Rhythm designs, develops and makes solutions used in catheter-based cardiac rhythm management. Toronto-based iGan, which earlier this year closed its first fund, iGan Fund I, at $100 million, led Rhythm's last financing in 2018.
2 min read · 24 June 2019
Invitae Inc has acquired San Francisco-based Singular Bio, a developer of novel technology for single molecule analysis of DNA. No financial terms were disclosed. As a result of this transaction, Civilization Ventures is exiting Singular Bio.
2 min read · 19 June 2019
AppOnboard has acquired Buildbox, a no-code mobile game developer. No financial terms were disclosed. AppOnboard is backed by BreakawayGrowth Fund, Korea Investment Partners, MTGx, Runa Capital, Troy Capital Partners and London Venture Partners.
4 min read · 13 June 2019
CloudBees has acquired Rollout, a provider of software for developers and product teams. No financial terms were disclosed. CloudBees is backed by Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Delta-v Capital, Golub Capital and Unusual Ventures.
4 min read · 11 June 2019
H&R Block Inc (NYSE: HRB) has agreed to acquire Wave Financial, a Toronto-based provider of financial management software to small businesses. The deal, expected to close in the next few months, will see H&R Block pay about $537 million (US$405 million) in cash. Founded in 2010 and led by CEO Kirk Simpson, Wave provides accounting, invoicing, payroll and payments solutions, as well as bookkeeping services, to more than 400,000 small businesses every month. H&R Block, a Kansas City, Missouri-based tax preparation business, said the deal will enhance its position in the small business market. Wave has raised more than $100 million in venture capital financing, including a $32 million round closed in 2017.
5 min read · 11 June 2019
Intelex Technologies, a Toronto-based provider of software solutions for environment, health, safety and quality (EHSQ) programs, has agreed to be acquired by Industrial Scientific for about $770 million (US$570 million). The sellers are JMI Equity and HarbourVest Partners. JMI, a U.S. growth equity firm, four years ago led a $160 million financing of Intelex. The deal is expected to close by Q3 2019, after which Intelex will operate as a stand-alone unit of Industrial Scientific. Based in Pittsburgh, Pennsylvania, Industrial Scientific is a gas detection management and safety solutions affiliate of Fortive Corp (NYSE: FTV). Industrial Scientific and Intelex said the acquisition is the largest in the history of EHSQ pureplay vendors.
4 min read · 06 June 2019
Pantheon has acquired StagingPilot, a provider of website update automation solutions. No financial terms were disclosed. Pantheon is backed by Sageview Capital, Foundry Group, Scale Venture Partners and Industry Ventures.
2 min read · 30 May 2019
