IK Partners to buy majority stake in Trustmoore; General Atlantic ups Odoo stake

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

– IK Partners agreed to acquire a majority stake in Amsterdam-based fund and corporate services platform Trustmoore Netherlands BV through IK Small Cap IV Fund.

– General Atlantic Service Co. LP closed its follow-on investment in Odoo SA in a transaction valuing the Belgian business software applications provider at €7 billion. General Atlantic bought an additional minority stake in Odoo from Wallonie Entreprendre as part of the transaction.

– SouthWorth Capital Management acquired furniture maker American Furniture Manufacturing Inc. and its subsidiaries.

– Alta Semper Capital LLP agreed to buy a majority stake in Prowell Holding unit Nature's Rule, a United Arab Emirates-based sports nutrition company. Krossing Legal, Matouk Bassiouny & Hennawy, Saleh Barsoum & Abdel-Aziz, Amra Health and IBIS Consulting advised Alta Semper. Nexus Capital was the financial adviser to the founders of Nature's Rule, with support from Amr & Partners.

– Database company ClickHouse Inc. raised $400 million in a series D funding round led by Dragoneer Investment Group LLC. Concurrently, ClickHouse acquired Berlin-based AI platform Langfuse GmbH.

– Cloudflare Inc. acquired software developer The Astro Technology Co. from an investor group including Lightspeed Ventures LLC, Gradient Ventures, Haystack Management Co. LLC and Uncorrelated Ventures.

– Georgian Partners Growth LP led a C$21 million seed funding round for Dominion Dynamics Inc., a Canadian defense technology company.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited and approved by a human at S&P Global.

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