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Weekly Investment Picks (Feb 4 to 12)

Feb 12, 2020 The latest family office and institutional deals from the past week.

Short-selling target NMC confirms KKR and GK Investment bid approaches
NMC Health’s shares spiked almost 12% after the troubled healthcare operator said it had received potential takeover offers.

Former Apollo partner’s private equity firm makes debut deal
Iman Capital Partners has taken a majority stake in Crealsa Investments, a Spanish digital banking specialist.

EQT and Omers to buy German fibre-optic business from KKR for €2.8bn
Deutsche Glasfaser will be combined with its peer inexio, acquired by EQT last year

Apollo buys drugmaker Covis from Cerberus
The deal, which is expected to close in the first quarter of 2020, was reported to be worth over $700m.

Activist Elliott Management builds more than $2.5bn stake in SoftBank
Activist fund pushes for stock buybacks and for the tech giant to improve corporate governance to boost share price

KKR-backed Calisen valued at £1.32bn in London IPO
The company set the price of its initial public offering on the London Stock Exchange at 240 pence each

Bain Capital takes over Italian IT company Engineering Group
The transaction marks an exit for Apax Partners after three years

Snowflake Gets $479M, Reaches Decacorn Status With $12.4B Valuation
Data warehouse startup Snowflake raised $479 million in a new round of funding, bringing the company’s valuation to a whopping $12.4 billion.

Turo Adds Another $30M To Series E
Car rental marketplace Turo has raised an additional $30 million in a second round of its $250 million Series E, bringing in shareholders that include NFL player Larry Fitzgerald and rapper 2 Chai.

Andreessen Horowitz Raises $750M For Its Third Bio Fund
On Tuesday, Andreessen Horowitz (often abbreviated as “a16z”) announced it raised $750 million for it’s third fund, earmarked for biotechnology and health care investing.

Philadelphia-Based Houwzer Raises $9.5M For Online Real Estate Platform
Houwzer, a Philadelphia-based tech-enabled real estate brokerage and home services company, announced this morning it has raised $9.5 million in a growth round led by Edison Partners.

Cloud Security Provider Netskope Raises $340M At ‘Nearly $3B’ Valuation
Netskope, a cloud security company, announced this morning it has raised $340 million in a Series G round led by Sequoia Capital Global Equities.

India’s FirstCry Lands Another $150M from SoftBank in $400M Deal
India-based baby product retailer FirstCry has raised another $150 million from SoftBank, bringing the Japanese conglomerate’s total investment in the company so far to about $300 million.

The Zebra Raises $38.5M For Insurance Comparison Site After 200% Growth In 2019
The Zebra, which operates an insurance comparison site, announced today it raised a $38.5 million Series C led by Accel.

Square Inc. (NYSE: SQ) has bought machine learning company Dessa. Latham & Watkins advised Square.

American Industrial Partners-backed Rand Logistics is buying American Steamship Co. from GATX Corp. The target offers dry bulk transportation services.

Harvest Partners has completed its investment in MRI Software, joining existing investors TA Associates and GI Partners.

Huron Capital-backed Ronnoco Beverage Solutions has bought Trident Beverage, a provider of beverage and dispensing products for the foodservice sector.

Align Capital Partners-backed Alliance Source Testing has acquired Metco Environmental, an emissions testing services company, from Eurofins Scientific’s TestAmerica.

Varsity Healthcare Partners-backed Probo Medical has acquired Elite Medical Technologies and Future Medical Equipment.

Inflexion-backed Ocorian has acquired Estera, a provider of funds, coporate and trust services. Bridgepoint advised the target.

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