22 Jun, 2022
Ardian to sell Trustteam stake to Rivean; Riverside sells Brookson to People 2.0
* French private equity firm Ardian agreed to sell its majority stake in Belgian IT managed services provider Trustteam NV to Rivean Capital BV.
* The Riverside Co. sold Brookson Group Ltd. to People 2.0 Inc., a portfolio company of TPG Growth LLC.
➤ Wells Fargo economist forecasts 'mild' recession starting in 2023
Separately, Hovde Group analyst Ben Gerlinger said the Mortgage Bankers Association's 2022 projection of mortgage originations dropping 39.5% year over year "likely paints too rosy a picture."
➤ 'Huge payback' for Europe in shifting to clean grid by 2035 – Ember report
While accelerated decarbonization would require higher up-front investments of up to €750 billion, these would be offset by an estimated €1 trillion in savings by 2035 from avoided fossil fuel consumption, according to energy think tank Ember.
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DEALS
* KKR & Co. Inc. teamed up with Andrew Silvernail, ex-chairman and CEO of Madison Industries and IDEX Corp., to identify acquisition opportunities.
* U.K.-based Agilitas Private Equity Services Ltd. agreed to acquire NNIT's infrastructure outsourcing business Hybrid Cloud Solutions and select parts of its Cloud and Digital Solutions business.
* Align Capital Partners LP invested in Schneider Geospatial LLC, a software-as-a-service, or SaaS, provider of public access land management software and recurring support services to state and local governments.
* RFE Investment Partners closed its recapitalization of Max Home Inspections, a provider of home inspections and ancillary post-close services in Florida and Texas markets.
* Chicago-based Linden Capital Partners agreed to make a majority investment in Aspirion Health Resources LLC, a provider of technology-enabled healthcare revenue cycle management. Aquiline Capital Partners LLC and Aspirion's management team will remain investors in the company.
VENTURE CAPITAL
* CloudNC Ltd., a U.K.-based software developer, secured $45 million in series B financing led by Autodesk Inc., FinSMEs reported. Lockheed Martin Ventures and British Patient Capital Ltd., among other investors, took part in the round.
* Agent Capital LLC led a $38 million series A funding round for biotechnology company Carbon Biosciences Inc. Longwood Fund and Astellas Venture Management LLC, among other investors, participated in the round.
* Investissement Québec led a series B funding round worth C$35 million for Canadian research technology company Potloc Inc. First Ascent Ventures and Brightspark Holdings Inc., among other investors, participated in the round.
* Keyway Real Estate Inc., a commercial real estate platform, raised $25 million in a series A funding round led by Camber Creek. Canvas Management Co. LLC, Crosscut Ventures Management LLC, Montage Ventures, Parker89 and Thomvest Ventures Inc. also took part in the round.
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