Weekly Investment Picks (June 15 to June 22)
June 22, 2020
The latest family office and institutional deals from the past week.
Livingbridge invests in Ireland’s Chill Insurance
In a deal estimated to be worth $100 million, mid-market private equity firm Livingbridge acquired a majority stake in Dublin-based Chill Insurance. The financial technology company was founded in 2006.
Bridgepoint acquires EQT’s credit arm
UK-based Bridgepoint has acquired EQT’s credit arm. The subsidiary has €4 billion of assets under management. After the deal, the combined entity will have €7 billion in assets under management.
Carlyle acquires self-storage units in Belgium
Private equity giant Carlyle Group has acquired a portfolio of six self-storage units in Belgium from Safestore. Terms of the deal were not disclosed. However, this is Carlyle’s second investment in European self storage units since 2019.
KKR acquires Roompot for €1bn
Roompot Group, the number one operator of holiday parks in the Netherlands, has been acquired by private equity giant KKR for €1 billion. The company operates 33 parks and works with more than 100 third-party park operators.
Saudi Arabian sovereign wealth invests $1.49 billion in Jio Platforms
Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has invested $1.49 billion in Indian telecom giant Jio Platforms. The latest round brings Jio’s total funding in 2020 to $15 billion.
Temasek and KKR team up to invest in Vietnamese real estate developer
KKR and Temasek, Singapore’s sovereign wealth fund, have led a round of investment in Vinhomes. The consortium includes several other institutional investors and will control 6% of the company after the deal.
GSR Ventures invests in Akia
GSR Ventures has invested in Akia. The company offers contactless options for airlines and hotels. Contactless technology has seen a surge in demand since the COVID-19 outbreak.
Acceleya acquires airline technology company Farelogix
Airline software giant Acceleya is acquiring Farelogix. The Vista Equity-backed firm intends to expand services to airline clients across the world through this acquisition.
Apax Digital Fund invests in Payfone
Software and data analytics company Payfone raised $100 million in its recent round of funding led by Apax Digital Fund. Other investors in the round included Sandbox Insurtech Ventures and Ralph de la Vega, the former vice chairman of AT&T.
HASH raises $2.5 million seed round
New York-based open source platform developer HASH has raised $2.5 million in a seed round of funding. The round was co-led by San Francisco venture capital firms Root Ventures and Zetta Venture Partners.
Acquire raises $6.4 million in Series A
Customer communications aggregator Acquire has raised $6.5 million in a Series A round of funding. The company helps unify communications from popular enterprise platforms including Salesforce, Slack, Facebook and Twitter, into one real-time omnichannel view.
DoorDash is raising $400 million in Series H
After suspending its initial public offering, food delivery giant DoorDash has raised $400 million in its latest round of funding. The round pushes the company’s valuation to nearly $16 billion.
Palantir Technologies has raised $500 million
Big data analytics company, Palantir Technologies has raised a half-a-billion dollar funding round this week. Co-founded by Peter Thiel in 2004, the firm is among a handful of technology companies that are expected to go public this year.
LiveStyled changes name, raises $7.2 million in Series A
Event technology startup LifeStyled has changed its name to Realife Tech after closing on a Series A funding round of $7.2 million. The round was led by Virgo Investment Group, with participation from strategic investors Superfly Ventures and Stadia Ventures.
Cedar raises $102 million in Series C
In a round led by venture capital giant Andreessen Horowitz, health care financial engagement platform Cedar has raised $102 million. The deal includes $25 million in venture debt from JP Morgan.