Weekly Investment Picks (June 2 to June 8)
June 08, 2020
The latest family office and institutional deals from the past week.
GHO Capital buys biotech company X-Chem
GHO Capital Partners, a healthcare investment specialist based in London, has acquired biotechnology company X-Chem from Carlyle and Hellman & Friedman. The financial terms of the transaction were not disclosed.
Carlyle purchases reinsurance firm Fortitude Re.
Private equity giant Carlyle has purchased Bermuda-based reinsurance company Fortitude Re. from AIG. The firm holds $40 billion in invested assets and over $35 billion in cash reserves.
Abu Dhabi sovereign wealth fund becomes latest investor in Jio Platforms
Mubadala Investment, the sovereign wealth fund of Abu Dhabi, has agreed to invest 90.90bn rupees ($1.21bn) in Jio Platforms. The fund joins Facebook, Silver Lake, Vista Equity Partners, KKR and General Atlantic as co-investors in the Indian company.
Stafford Capital Partners acquires Robeco’s private equity business
Robeco’s private equity business is being acquired by alternative asset manager Stafford Capital Partners. The 11-person team from Robeco will be moved to an office in Rotterdam, the Netherlands, as part of the deal. This move helps Stafford expand AUM to $3.1 billion.
Capza acquires Time for Growth to launch technology-focused fund
Capza, a financial firm focused on funding small-and-medium enterprises in Europe, has acquired technology-focused investor Time for Growth. The firm intends to rebrand this division as a separate technology growth fund. The Capza team has already deployed €600m in nearly 30 technology companies before the buyout.
Ardian acquires a stake in ProduceShop
Ardian Growth II fund, which raised €250m in 2018, has acquired a minority stake in online furniture retailer ProduceShop for an undisclosed sum. The Swiss furniture startup currently operates in 10 countries across Europe.
Medical imaging startup Nanox raises $20 million
South Korean telecommunications company SK Telecom has placed a $20 million investment in Israel-based medical startup Nanox. Launched in 2012 by former Sony engineers, the company focuses on nanotechnology for early detection imaging in health care.
VMware to acquire AI-malware detection platform Lastline
Redwood City, California-based Lastline has been acquired by enterprise software giant VMWare for a valuation of over $114 million. The company had raised 52.2 million since its 2011 inception.
Atom Power raises $17.75 million in Series B
Valor Equity Partners, Rockwell Automation Inc., ABB Technology Ventures and Atreides Management have led a funding round in Atom Power. The company has been developing a revolutionary circuit breaker that uses software and semiconductors to digitally connect and manage unlimited power sources.
AE Industrial Partners has acquired Deep Space Systems
AE Industrial Partners, an investment firm focused on the commercial aerospace industry, has acquired Deep Space Systems, a space payloads, systems, and components provider. AEI will combine Deep Space Systems with Adcole Space to form Redwire, a platform for commercial space applications.
GI Partners has acquired a majority stake in Blue Stream Fiber
Florida-based, Blue Stream, a gigabit-speed broadband provider, has been acquired by GI Partners for an undisclosed sum. Besides broadband, the company also provides video and voice services to residential and commercial customers in South Florida.
Wellspring Capital Management has purchased Steele Solutions
New York-based Wellspring Capital Management has acquired Steele Solutions, a complex steel infrastructure provider. The Milwaukee-based firm is considered a value-add supplier into the industrial automation sector.
Shamrock Capital has purchased advertising and marketing publication Adweek
Shamrock Capital has acquired Adweek, a digital advertising and marketing publication. The Los Angeles-based investment firm reportedly has $1.9 billion in assets under manage and focuses exclusively on the media, entertainment and communications sectors
Sverica Capital Management LP and Salesforce Ventures have invested in Coastal Cloud
Florida-based cloud computing consulting firm Coastal Cloud has raised a strategic round of funding from Sverica Capital Management LP and Salesforce Ventures.