KKR Creates Firm to Invest in Health-Diagnostics Technologies
KKR & Co. is creating a firm that will invest in diagnostic technologies such as Covid-19 tests, adding to its bets on fast-growing health-care companies. The new entity, Sapphiros, will be led by industry veteran Namal Nawana, KKR said Wednesday in a statement seen by Bloomberg. Nawana previously was chief executive officer of medical-device maker […]
Revolut valued at $33bn to become UK’s biggest-ever private tech group
Revolut, the London-based digital banking start-up, has raised $800m in a funding round that makes it the UK’s most valuable private tech company of all time. The deal, led by SoftBank’s Vision Fund 2 and Tiger Global Management, values the six-year-old company at $33bn (£23.9bn), six times more than at its last fundraising in early […]
OpenGate Capital Completes Acquisition of ScioTeq and TREALITY from TransDigm Group
OpenGate Capital, a global private equity firm, announced today that it has completed the acquisition of the ScioTeq and TREALITY Simulation Visual Systems (“TREALITY”) businesses from TransDigm Group Incorporated (NYSE: TDG). ScioTeq and TREALITY develop and manufacture advanced visualization solutions including ruggedized displays and simulation systems to serve a diversified, customer base across avionics, aerospace, […]
Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies
Palantir’s latest investment was announced on Thursday, when Babylon Health said it’s going public through a special purpose acquisition company. A group of investors, including Palantir, committed to invest a combined $230 million into the Babylon transaction. Palantir has now agreed to at least six SPAC deals in less than three months. A SPAC is a blank-check […]
Smart Recruit Online secures £630k MEIF investment
Smart Recruit Online has raised GBP630,000 to support its growth plans. The funding will allow the Milton Keynes-based company to develop its technology further, while expanding its 12-strong team, creating up to six new jobs. Stephens, the company’s CEO, says: “Our platform solves a key problem for employers – how to recruit the best talent […]
LDC exits Magicard to US-based Brady Corporation
Leading mid-market private equity firm LDC has exited its investment in ID card printer and software business Magicard to listed international manufacturer Brady Corporation (BRC). LDC invested in Magicard in May 2016 to support the business’ organic and international growth strategy. During LDC’s partnership with Magicard, the business invested heavily in new product development, releasing […]
Global tech provider M&A activity will surpass 2018 highs by 2022, says Gartner
By 2022, the level of global mergers and acquisitions (M&A) activity involving technology providers will surpass previous highs recorded in 2018, according to Gartner, Inc. Acquisitions of tech providers were briefly impacted in 2020 by the onset of the pandemic, but M&A activity quickly rebounded into 2021 as the economy began to recover. Acquisition activity […]
TA Associates sells Mitratech
TA Associates, a global growth private equity firm, has sold its ownership interest in Mitratech, as part of Mitratech’s sale to Ontario Teachers’ Pension Plan Board at an enterprise value of USD1.55 billion. Mitratech serves more than 40 per cent of the Fortune 250 and over 500,000 users across the globe. Additionally, more than 12,000 […]
Preqin appoints new CTO to ‘accelerate technology transformation’
Preqin, a specialist in alternative assets data, tools and insights, has appointed Tom Hunt as its new Chief Technology Officer. In addition to scaling up Preqin’s technology efforts, Hunt will focus on further developing the company’s solutions and data services to continue to provide the alternatives industry with market-leading data and insights. Mark O’Hare, founder […]
Legal tech startup LawVu closes seed round led by Shasta and AirTree Ventures
New Zealand based legal tech startup for in-house legal teams, LawVu, has raised USD1.8 million USD in venture funding co-led from Silicon Valley based, Shasta Ventures and AirTree Ventures in Australia. LawVu will use the investment to continue its growth into the US and Australian markets, a global industry worth USD500 billion USD, with the […]
