Deal Wrap: Varsity exits Angels of Care; Timoneer invests in Solid Restoration

Deal Wrap is updated as of 3 p.m. ET.

– Healthcare-focused private equity firm Varsity Healthcare Partners exited its investment in Angels of Care, a provider of home health services to pediatric patients, via a sale to private equity firm Nautic Partners LLC.

– Private equity firm Timoneer Strategic Partners acquired a majority stake in Solid Restoration, a restoration service provider focused on insurance-based residential and commercial water and fire damage mitigation, restoration and repair, mold remediation and other related services.

– Private equity firm Rubicon Technology Partners made a majority investment in benefits administration company Vimly Benefit Solutions Inc. Ziegler was financial adviser to Vimly.

– Continuous reliability platform Antithesis announced $47 million in seed funding from Amplify Partners LLC, First In Ventures and Tamarack Global, with participation from angel investors.

– Ally Bridge Group led a $112 million series B financing for ProfoundBio (Suzhou) Co. Ltd., a clinical-stage biotechnology company.

– Lightspeed Ventures LLC led a $12.5 million series A round of funding for S2search Australia Pty. Ltd., developer of the Marqo vector search platform.

– Benchmark led a $10 million series A round of funding for circuit board designer Quilter, an AI company building generative circuit board design software.

– Cambridge Mechatronics Ltd., a designer of shape memory alloy actuators, closed a funding round totaling over $40 million. The funding round was led by Supernova Invest, Intel Capital Corp. and Atlantic Bridge Services Ltd.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.