Weekly Investment Picks (May 25th to June 1st)
June 02, 2020
The latest family office and institutional deals from the past week.
Nordic Capital has acquired Swedish insurer and financial adviser Max Matthiessen
Nordic Capital has struck a deal with insurance giant Willis Towers Watson to acquire a controlling stake in Sweden-based Max Matthiessen. Financial details of the transaction were not disclosed.
KKR to invest $1 billion in European data centers
Private equity giant KKR has partnered with engineering contractor Mercury Engineering to design and construct data centres across Europe this year. The project is estimated to be worth $1 billion. Total assets could be worth $2.5 billion with debt financing.
EQT has acquired a majority stake in Freepik
Buyout group EQT has invested in Spanish stock photo and graphics platform Freepik. The deal values the company at €250m and allows the founders to retain a minority stake and lead the firm.
Clayton, Dubilier & Rice to invest up to £85m in specialist building products supplier SIG
Private equity firm Clayton, Dubilier & Rice is expected to complete its first private investment in a public equity in over a decade. The target is British specialist building products supplier SIG. The deal could be worth up to £85m.
Avista Capital Partners to acquire Vision Healthcare
Private equity firm Avista Capital Partners, alongside a syndicate of family offices and Flemish investors, is expected to buy Vision Healthcare, a consumer health supplements. VHC Investco — an investment holding company backed by the company’s founder Yvan Vindevogel – also participated in the deal.
Inflexion sells UK fibre optic network infrastructure business Glide
Mid-market firm Inflexion has extracted a 200% return on investment by offloading Glide to US-based private equity firm Alinda Capital. The deal is said to be worth £200 million.
Warburg Pincus deploys £250m to back Tilney and Smith & Williamson merger.
Private equity giant Warburg Pincus has backed a deal to merge British wealth managers Tilney and Smith & Williamson. The deal makes Warburg Pincus a co-investor alongside Permira.
Almanac raises $9 million seed round
Cloud-based document platform Almanac has raised $9 million in a seed round of funding. The round was led by Mike Maples Jr., a partner at Floodgate. The round involved nearly 100 investors, including venture capital firms such as General Catalyst, Inspired and Abstract.
Tia raises $24 million in a Series A round
New York and San Francisco-based Tia, a health care platform building a new online and offline model of women’s health, has raised $24 million in a round led by Threshold Ventures. Since launch in 2016, the firm has raised a total of $32 million according to Crunchbase data.
San Francisco-based Stork Club secured a $2.7 million seed round
In a round led by Bowery Capital and Slow Ventures, maternity care platform Stork Club has raised $2.7 million in seed funding. The platform partners directly with the best doctors and applies a new IVF model to incentivize doctors for better outcomes and lower costs.
Marqeta’s Valuation Jumps to $4.3B With New $150M Funding Round
Oakland, California-based payments startup Marqueta has raised $150 million in a funding round led by an undisclosed investor. The startup is now worth $4.3 billion.
RemoteHQ raises $2.7M Seed Round
Boston-based remote work startup RemoteHQ has raised $2.7 million in a seed round of funding. TECHU and Underscore VC led the round, that was completed in 2019 but only announced last week.
Cisco To Acquire ThousandEyes for $1 billion
Network intelligence startup ThousandEyes is being acquired by Cisco. The deal is reportedly worth $1 billion. The company describes itself as “Google Maps for the Internet.”
SoftBank Invests $500M in Didi’s Autonomous Driving Engine
SoftBank’s Vision Fund 2 announced it had deployed $500 million in Chinese ride sharing startup Didi Chuxing earmarked for the autonomous driving project. The company claims these funds propel the roll-out of autonomous driving services in specific areas in China and abroad.
Hyperloop Startup Zeleros Closes $7.8 million
Spain-based hyperloop company Zeleros has raised $7.79 million in a funding round led by Altran, a French engineering consulting firm. The round also included Grupo Red Eléctrica, U.S.-based Plug and Play, U.K.’s Goldacre Ventures, Sweden’s VC Road Ventures, MBHA and Spain’s Angels Capital.