22 Feb, 2022
EQT to buy InstaVolt; Hambro Perks invests in industrial tech business Altum
* EQT AB (publ)'s EQT Infrastructure V platform will acquire InstaVolt Ltd., a U.K.-based rapid-charging infrastructure network with approximately 700 charge points. Zouk Capital LLP is the seller.
* Hambro Perks Ltd. made an investment in Finnish industrial technology business Altum Technologies through Access Fund II, which takes minority positions in British and European private technology enterprises.
➤ S&P 500 earnings, week of Feb. 21: 29 companies to report
Analysts expect 10 of the 11 sectors in the S&P 500 to post earnings gains year over year for the calendar fourth quarter of 2021.
DEALS
* Investment funds managed by affiliates of Apollo Global Management Inc. are in exclusive negotiations for the purchase of the terminals, solutions and services business line of payments company Worldline SA for a €2.3 billion total consideration at the current fair value. The transaction is subject to regulatory approval and is expected to close in the second half.
* Verdane and FSN Capital Partners AS agreed to make an investment in Norwegian premium outdoor sports apparel and equipment company Active Brands AS. As part of the deal, Verdane will become a new minority shareholder and FSN will remain invested in the business. The transaction is subject to approval by the relevant authorities.
* Warburg Pincus LLC-backed Princeton Digital Group (Singapore) Pte. Ltd. raised over $500 million in an equity round led by Mubadala Investment Co. PJSC. Warburg and Ontario Teachers' Pension Plan Board participated in the round. Princeton Digital Group develops and operates data centers.
* Temasek Holdings (Private) Ltd. led a $200 million series B+ round for global digital asset platform Amber Technologies Ltd. Other investors in the round included existing backers Sequoia China Investment Management LLP, Pantera Advisors LLC, Tiger Global Management LLC, Tru Arrow Partners and Coinbase Inc.
* Boston private equity firm Advent International Corp. is in advanced talks to buy Chinese health-food brand Wagas, with details of the deal expected to be finalized in the coming weeks, Bloomberg News reported, citing people familiar with the matter. Owners of Wagas have been seeking a valuation of at least $800 million, it previously reported.
* Veritas Capital Fund Management LLC may acquire Nasdaq-listed publisher Houghton Mifflin Harcourt Co., Bloomberg News reported, citing people familiar with the matter. One of the sources said Veritas could merge Houghton Mifflin with its portfolio company Cambium Learning Group Inc.
* Fortress Investment Group LLC is preparing a £5 billion takeover offer for Motor Fuel Ltd., or Motor Fuel Group, a British operator of fuel forecourts, Sky News reported. Motor Fuel is owned by Clayton Dubilier & Rice LLC.
VENTURE CAPITAL
* SoftBank Vision Fund 2 led the $190 million series C investment round of financial technology platform PrimaryBid Ltd.
* Automation platform SKAEL Inc. raised $38 million in its series A funding round led by RTP Global, with participation from Bonfire Ventures Management LLC and Dell Technologies Capital Inc.
* Zoomo, a global utility electric bike company, raised an additional $20 million in its series B funding round. New investor Collaborative Fund led the round, with participation from the venture capital arm of Japanese conglomerate Mitsubishi UFJ, SG Fleet, WIND Ventures and Akuna Capital.
The Daily Dose is updated as of 8 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.
