Weekly Investment Picks (May 11 to May 18)
May 19, 2020
The latest family office and institutional deals from the past week.
Dutch investment company buys apartment complex from KKR and Round Hill
Dutch property investment company Orange Capital Partners has acquired 173 apartments in Utrecht in the Netherlands from private equity giant KKR and property investment manager Round Hill.
Ardian has acquired a majority stake in Swissbit
Private equity firm Ardian has acquired a substantial stake in Switzerland-based a manufacturer of data storage technologies and internet of things (IoT) solutions provider Swissbit. The company was founded in 2001 and currently serves over 700 clients across the world.
Institutions take €1bn stake in German remote software company TeamViewer.
Private equity group Permira has sold a stake in TeamViewer to institutional investors. Investors collectively deployed €1 billion for 25 million shares worth €41 each. Permira will continue to own 39% of TeamViewer after the deal.
Parabellum and Acacia take control of Column Group
Technology investor Acacia Group and Parabellum Investments have taken a controlling stake in US-based technology strategy and design agency Column Group. While the details of the deal were not disclosed, the group reported $90 million in revenue in 2019.
One Equity Partners buys 3 million shares in cybersecurity firm Verimatrix
US-based One Equity Partners has purchased 3 million shares of Verimatrix, a publicly-listed cybersecurity company, from Paris-based Jolt Capital. The deal is worth €5.4m according to Verimatrix’s closing price on Wednesday.
Triton has acquired a majority stake in Lamina Technologies
Triton’s mid-cap fund, which raised €450m in 2018, has acquired a majority stake in Lamina Technologies. The Swiss company provides carbide cutting tools. Triton’s fund seeks to make majority investments between €20m and €50m in Northern Europe.
General Atlantic to invest $870m in Indian telecom company Jio Platforms
India’s richest family, the Ambanis, have raised over $8bn in less than a month for its telecom subsidiary, Jio Platforms. After major investments from Facebook and Vista Equity Partners, the subsidiary has raised $870 from General Atlantic this week.
ArchiMed acquires majority stake in health-tech business ActiGraph
Healthcare-focused private equity firm ArchiMed has purchased 75% of US-based healthtech company ActiGraph for an undisclosed sum. The firm provides tools for remote medical research, academic studies and drug trials.
Homeward Secures $105M in funding
Homeward, an Austin-based real estate startup, has raised $105 in funding. The firm secured $20 million in equity in a round led by Adams Street Partners that included participation from Javelin Venture Partners and existing backer LiveOak Venture Partners. It also raised $85 million in debt financing from unnamed lenders.
Immunai Secures $20M Seed Funding
AI Healthcare startup Immunai has secured $20 million in a seed round. The New York-based company hopes to map the human immune system. The round was led by Two Israeli investment firms, Viola Group and TLV Partners.
DigitalOcean Raises $50M in Series C
New York-based cloud computing startup DigitalOcean has raised $50 million in its latest round of funding. The round pushes its valuation to $1.15 billion, making it the latest unicorn to emerge from New York.
Facebook Buys Giphy For A Reported $400M
Social media giant Facebook has purchased GIF search engine Giphy for an estimated $400 million. Half of the search egine’s traffic already originates from Facebook’s family of apps (Facebook, WhatsApp, Messenger and Instagram).
Waymo raises $750 in funding
Waymo, Google’s Self-Driving Car Project has raised $750 million in new funding from T. Rowe Price Associates, Perry Creek Capital and Fidelity Management and Research Company. Waymo initially raised $2.25 billion, with Silver Lake, Canada Pension Plan Investment Board and Mubadala Investment Company leading the round.