Weekly Investment Picks (August 31 to September 8)
September 08, 2020
The latest family office and institutional deals from the past week.
EQT sells Norwegian oil and gas services company Altus Intervention
A fall in the price of oil and the Covid-19 crisis have compelled private equity firm EQT to offload its stake in Norwegian oil and gas services firm Altus Intervention. The company is being sold to its management team.
Centrebridge has acquired a majority stake in Auxmoney investing €150m in the business.
Auxmoney, a German credit marketplace, one of the largest in Europe, has raised €150 million in growth capital in a round led by Centerbridge Partners, a private equity firm with a history of taking majority stakes.
Blackstone, GIP make takeover bid for US railroad operator Kansas City Southern
A buyout consortium led by Blackstone Group Inc and Global Infrastructure Partners has made an offer to acquire U.S. railroad operator Kansas City Southern.
Singapore-based app PropertyGuru secures $220M in latest funding
Singapore-based online property marketplace Raised SG$300 million in funds, which it says will go towards strengthening its digital offerings and further drive its expansion plans across key markets.
S2G Raised $100M Fund For Oceans And Seafood
S2G launches an Ocean fund for the health of the ocean and cultivation of seafood. The fund will be used to invest in the growth-stage of companies involved in ecosystem services.
Silk and Sonder Raises $3.6M Seed Round
Redpoint Ventures led a $3.6 million seed round, a San Francisco-based startup subscription-based mental wellness company. The company’s prime focus is helping women find authenticity, wellness and productivity.
Episerver acquires A/B testing company Optimizely.
Insight Partners subsidiary Episerver has declared its intention to acquire A/B testing firm Optimizely. The financial details of the transaction were not disclosed, however, the firm was estimated to be worth $600 million according to Crunchbase.
Biofourmis Lands $100M to Scale Digital Therapeutics Globally
Biofourmis, a digital therapeutics startup that employs wearable devices and data analytics to help treat patients, has raised $100 million to scale its offerings and develop new products.
Transposit Secures $35M Series B To Transform Engineering Processes
The San Francisco-based Company, Transposit, has announced its $35 million in Series B funding. The investment was led by Altimeter Capital together with existing investors Sutter Hill Ventures, SignalFire, and Unusual Ventures. The fund will be used by the company to expand its sales and engineering teams.
Brazil’s Neon Pagamentos Secured $300M in Series C Funding
Brazilian financial technology company Neon Pagamentos SA raised $300 million in a Series C funding round led by General Atlantic Service Co. LP, Vulcan Capital, PayPal Ventures, Endeavor Global Inc, Monashees Gestão de Investimentos Ltda, Flourish Ventures. The fund will be used to support recruitment, grow its consumer and business client, and enhance its product development.
Climax Foods Lands $7.5M Seed For Innovation
The Berkeley, California-based company raised $7.5 million in seed funding. Funding will be used for research in taste, flavor, texture, and nutrition under the animal-based food categories.