ACV Auctions Inc, an online automotive marketplace, has secured $150 million in Series E funding. Wellington Management Company and Fidelity Management & Research Co. led the round with participation from other investors that included Bain Capital Ventures, Bessemer Venture Partners and Tribeca Venture Partners.
EnCap Flatrock Midstream has committed $400 million to Ironwood Midstream Energy Partners II LLC. Gibson, Dunn & Crutcher LLP served as legal adviser to Ironwood II while Shearman & Sterling LLP served as counsel to EnCap Flatrock Midstream. Ironwood II is an an independent energy company focused on the development of midstream infrastructure for oil and gas producers working in shale plays across North America.
Thompson Street Capital Partners has acquired Ottawa, Ontario-based T-Base Communications Inc, a provider of accessible communications technology. Baird was financial adviser to T-Base on the deal. No financial terms were disclosed.
Endeavor Business Media, a portfolio company of Resolute Capital Partners, has acquired Informa‘s industry & infrastructure and auto aftermarket media brands. No financial terms were disclosed. JEGI | CLARITY represented Informa on the deal.
San Francisco-based OODA Health, a healthcare payments company, has named Diego Piacentini to its board of directors. Piacentini is a senior adviser for KKR. He is also a veteran of Apple and Amazon. OODA Health’s backers include Oak HC/FT and DFJ.
FinDev Canada has invested US$7.5 million in Alitheia IDF, a fund supporting women-owned and led businesses in Sub-Saharan Africa. The capital will be used to finance locally-owned, high-growth small to medium-sized businesses. AIF is a joint venture between Alitheia Capital in Nigeria and IDF Capital in South Africa.
Elektra Labs, a healthcare-security company, has raised $2.9 million in seed funding. Maverick Ventures led the round with participation from other investors that included Arkitekt Ventures, Boost VC, Founder Collective, Lux Capital, SV Angel and Village Global.
Michael Sabia, president and CEO of the Caisse de dépôt et placement du Québec, will be leaving the company at the beginning of February 2020. Sabia will lead the Munk School of Global Affairs and Public Policy at the University of Toronto. Sabia has been with CDPQ for nearly 11 years.
New Water Capital has recapitalized two electronics manufacturing services providers: DataEd and Bestronics. No financial terms were disclosed. Canaccord Genuity Inc. served as financial adviser to DataED on the deal while Lincoln International LLC did likewise to Bestronics.
FinDev Canada has invested US$75 million in the Africa Forestry Fund II, a growth equity fund focused on acquiring and developing environmentally-friendly forestry value chain assets across Sub-Saharan Africa. Criterion Africa Partners manages the fund.
Cedar Communities, a private equity real estate firm, has acquired 82 assisted living units and 12 independent living units in Commerce and Stone Mountain, Georgia. No financial terms were disclosed.
The Scion Group and Hana Financial Group have acquired four student housing properties. The seller was Kayne Anderson Real Estate. The properties are based at the University of Florida in Gainesville, FL; Colorado State University in Fort Collins, CO; Texas Tech University in Lubbock, TX; and University of Mississippi in Oxford, MS. No financial terms were disclosed.
Bunker Hill Capital has sold ASPEQ to Industrial Growth Partners. No financial terms were disclosed. Based in St. Louis, Missouri, ASPEQ is a maker of highly engineered electric‐heating and thermal‐management technologies.
Ping, a provider of automated timekeeping, has raised $13.2 million in Series A funding. Upfront Ventures led the round with participation from return backers BoxGroup, First Round Capital, Initialized Capital and Ulu Ventures.
MetaProp has named Jerry Coleman as a venture adviser. Coleman was a co-founder of Invitation Homes and Offerpad.
BlackRock and GIC have agreed to acquire Kellas Midstream from Antin Infrastructure Partners. No financial terms were disclosed. Kellas Midstream owns and operates gas infrastructure in the UK Central and Southern North Sea.
Hong Kong-based Mapxus, an indoor mapping technology startup, is raising $3 million in funding. Beyond Ventures is leading the round.