4 Nov, 2021
Main Capital acquires Zig stake; Wynnchurch sells Critical Process Systems
* Main Capital Partners BV acquired a majority stake in Zig Websoftware Ip BV, a provider of software solutions for housing corporations, student accommodation and commercial property management.
* Middle-market private equity firm Wynnchurch Capital LP sold Critical Process Systems Group Inc. to Exyte GmbH. Critical Process Systems provides solutions for industries ranging from semiconductors to life sciences.
➤ Cloud industry continues to soar as demand set to extend past pandemic
The cloud-computing market's third-quarter growth continues a trend that analysts expect will accelerate as companies ramp up the digital migration of their workloads to meet organizational needs that evolved due to the COVID-19 pandemic.
➤ Asset managers deliver YOY gains in Q3
Almost all asset managers posted yearly improvement in their results for the quarter ended Sept. 30, but quarter-over-quarter performance was varied.
DEALS
* Funds managed by Blackstone Inc. completed the acquisition of smart access solutions provider The Chamberlain Group LLC from The Duchossois Group Inc.
* The Carlyle Group Inc. acquired a majority stake in German business software provider Css Ag. Css focuses on development of accounting, controlling and human resources software.
* A consortium led by KKR & Co. Inc., including entities owned by TDR Capital LLP-managed funds, agreed to acquire a majority stake in London-based digital credit card provider Jaja Finance Ltd.
* Monomoy Capital Partners agreed to purchase the highway products business of Trinity Highway Products LLC for $375 million in cash.
* BC Partners LLP acquired a controlling interest in Greek pet retailer Pet City Group SA, Private Equity News reported. BC Partners made the investment through its special purpose fund, BC Partners GR Investment.
FUNDRAISING
* Spanish private equity firm Nauta Capital SL raised €190 million for its fifth fund, which received commitments from investors including British Patient Capital Ltd., ICO, European Investment Fund, ICF and Germany's KfW Capital GmbH & Co. KG.
* SeaFort Capital launched SeaFort Capital Fund II, a growth-focused buyout fund with a $160 million target size and $110 million in initial committed capital. The vehicle will focus on Canadian lower-middle-market core industrial and business service companies.
* EQT AB (publ) raised €15.7 billion in fee-generating AUM at the final close of its fifth infrastructure fund. EQT Infrastructure V already invested in 12 portfolio companies.
VENTURE CAPITAL
* Clinical-stage biopharmaceutical company Antios Therapeutics Inc. raised $75 million in a series B-1 financing round co-led by EPIQ Capital Group LLC and GordonMD Global Investments LP. Delos Advisors Ltd. and Lumira Ventures, among other investors, took part in the round.
* Data warehousing company Yellowbrick Data Inc. secured $75 million in a series C1 financing round, according to FinSMEs. Third Point Ventures LP, Menlo Ventures Management LP and Threshold Ventures Management Co. LLC, among other investors, took part in the round, the report said.
* Replogic Inc., or Abound, the owner of a business-to-business wholesale platform, raised $36.7 million in a series B funding round led by D.E. Shaw & Co. LP. PointState Capital LP and Left Lane Capital LLC, among other investors, participated in the round.
* Biotechnology company GRO Biosciences Inc. secured $25 million in a series A funding round co-led by Leaps by Bayer and Redmile Group LLC. Digitalis Ventures and Innovation Endeavors LLC also participated in the round.
* Wellinks Inc. raised $25 million in a funding round led by Morningside Ventures Ltd., FinSMEs reported. Connecticut Innovations Inc. and Benslie Ltd., among other investors, participated in the round, according to the report.
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.
