Weekly Investment Picks (May 4 to May 11)
May 11, 2020
The latest family office and institutional deals from the past week.
Belgian e-learning startup SiPM acquired by Levine Leichtman
Levine Leichtman Capital Partners Europe has acquired SiPM, a startup based in Belgium that provides online learning tools to over 200 corporations across the world. Details of the deal were not disclosed. The company’s software has reportedly been used by over 50,000 users since it was launched in 2011.
London-based start-up Bought by Many secures £78.4m investment
American private equity firm FTV Capital has secured a stake in British pet insurance provider Bought by Many. The company reported sales growth of 150% year-over-year. Over 200,000 cats and dogs across the world are covered by the platform.
UKFast sells controlling stake to Inflexion.
Inflexion Private Equity has secured a majority stake in British cloud hosting startup UKFast. The company previously acquired a 30% stake in 2018 and has now pushed its ownership to 75%.
Gilde Buy Out Partners acquires medical software provider Corilus
Medical software provider Corilus has been acquired by Dutch buyout specialist Gilde Buy Out Partners for an undisclosed sum. The company was previously owned by AAC Capital.
Eco Baltia acquired by INVL Baltic Sea Growth
Latvia-based plastic recycling and waste collection company Eco Baltia has been acquired by INVL Baltic Sea Growth. The company employs 800 people and reported €70.6 million in sales last year.
Ardian invests in management consultant Argon & Co
Ardian has secured a minority stake in Paris-based management consulting firm Argon & Co. for an undisclosed sum. Ardian reportedly raised €230 million for a private equity growth fund focused on companies that generate between €5 million and €100 million annual revenue.
Uber leads an investment round in bike sharing startup Lime
Ride sharing giant Uber has led a $170 million investment in Lime, the bikes and scooter-sharing business. Alphabet, Bain Capital Ventures, GV were also involved in the funding round.
Houston-based CenterPoint Energy secures $1.4 billion in megadeal
In a major funding round led by Elliott Management Corp., Fidelity Management & Research Co., Bluescape Energy Partners and other mutual funds, CenterPoint Energy has raised $1.4 billion. The funds will help the company deleverage its balance sheet and execute growth plans.
Western Forge & Flange Co. acquired by Wynnchurch Capital
Western Forge & Flange Co., a Texas-based provider of industrial machinery, has been acquired by middle-market private equity firm Wynnchurch Capital. Details of the deal were not disclosed.
Thinkingbox has acquired AntiSocial Solutions
Vancouver-based digital content creator Thinkingbox has completed its third acquisition since December 2019. After acquiring Welikesmall and Aarra, the firm has now secured a majority stake in social media and digital strategies company AntiSocial Solutions.
Alphabet spinoff Sidewalk Infrastructure Partners (SIP) raises $400 million in Series A
SIP, a startup trying to “future-proof” global infrastructure has secured $400 million in a Series A round led by Google’s parent company Alphabet and the Ontario Teachers Pension Plan. According to Fortune, the firm is a 15 person spinoff from Alphabet’s Sidewalk Labs.
Symend Raises $52M in Funding
Canadian startup Symend has raised $52 million to advance its corporate debt resolution platform. The Calgary, Alberta-based company’s latest funding round was led by Inovia Capital, and included Ignition Partners and Impression Ventures.
Australia’s Judo Bank Raises $147M in Series C
Melbourne-based FinTech startup Judo Bank has raised $147 million in its latest funding round. The company provides loans to small and medium-sized enterprises. Investors included Bain Capital Credit and Ironbridge Capital.
Market Kurly Raises $160M In Series E
Seoul-based grocery delivery startup Market Kurly has raised $160 million in its latest funding round. The round was led by DST Capital, and the company is backed by Sequoia Capital China and Global Venture Partners.
MemSQL Raises $50M in Debt Deal
Hercules Capital has placed $50 million in debt for San Francisco-based MemSQL. The company reportedly serves over 130 enterprise customers and its cloud database, Helios, is available on AWS, GCP and Azure.
Online addiction therapy startup Monument raises $7.5 million seed round
New York-based serial entrepreneur Mike Russell’s latest startup, Monument, hopes to provide online treatment for users struggling with their relationship with alcohol. The seed round was led by Lerer Hippeau, Collaborative Fund, Red Sea Ventures, NextView Ventures, Corigin Ventures and Data Point Capital.
Cybersecurity Startup Dtex Brings Raises $17.5M Series D
In a funding round led by Northgate Capital with additional participation from existing investors Norwest Venture Partners and Four Rivers Group, San Jose-based cybersecurity company Dtex has raised $17.5 million. This brings the company’s total funding to $60 million.