Kordsa has agreed to acquire Santa Ana, California-based Axiom Materials Inc, a maker of progressive composite materials. No financial terms were disclosed. Axiom is backed by Sorenson Capital.
Falfurrias Capital Partners has raised $485 million for its fourth fund, according to an SEC filing. The target is $500 million. The Charlotte-based private equity firm invests in lower, middle-market businesses.
Growth Catalyst Partners is seeking to raise $200 million for its inaugural fund, according to an SEC filing. The Chicago-based middle-market private equity firm invests in information, marketing and tech-enabled services businesses.
This week’s jobs include a PE funds SVP at Prudential and associates at Carlyle and BlackRock.
Boulder-based Rowdy Mermaid Kombucha, a beverage company, has secured $3.5 million in Series A funding. KarpReilly led the round.
New York-based Paige.AI, an AI-focused cancer diagnosis and treatment startup, has named Dr. Leo Grady as CEO and a member of its board of directors. Previously, Grady worked at HeartFlow where he was senior vice president of engineering. Paige.AI is backed by Breyer Capital.
The Riverside Company has made an investment in E&A Scheer, a European rum brand. No financial terms were disclosed. Allen & Overy and Advocatenkantoor Parmentier provided legal counsel to Riverside on the transaction for Riverside.
GreenCom Networks, a German home energy IoT provider, has secured an undisclosed amount of funding. Centrica led the round with participation from SET Ventures, Munich Venture Partners and Cosmos.
UK-based GoCardless, a next generation payments company, has secured $75 million in Series E funding, according to a blog post on its site. Adams Street Partners, GV and Salesforce Ventures led the round with participation from Accel, Balderton Capital, Notion Capital and Passion Capital.
New Crop Capital has named Dao Foods International Inc as financial adviser for sourcing and investing in China-focused plant-based and clean meat ventures. NCC is a venture firm that invests in companies whose products or services replace foods derived from conventional animal agriculture.
PowerShare, an electric vehicle charging platform startup based in China, has secured an undisclosed amount of funding. The investor was Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi.
TAL Education Group, a K-12 after-school tutoring services provider in China, has agreed to secure about $500 million in funding. The investor was not identified.
Portag3 Ventures has increased its stake in Hellas Direct, a Cyprus-based online insurance company. No financial terms were disclosed.
API Technologies Corp, a portfolio company of J.F. Lehman & Company, has sold Windber, Pennsylvania-based API Defense USA Inc, its electronics manufacturing services business, to Kitron. No financial terms were disclosed. Canaccord Genuity served as financial adviser to API on the deal while Jones Day and Miller & Chevalier provided legal counsel.
Greystar Real Estate Partners, APG Asset Management N.V., Bouwinvest Real Estate Investors and MIRA Real Estate, which is part of Macquarie Infrastructure and Real Assets, has closed a China-focused fund at $450 million. The fund will focus on properties in Chinese markets with an initial focus on Shanghai.
Berlin-based German Autolabs, a voice AI-enabled digital assistant for in-car usage, has secured 7 million euros in funding. The investors were nbr Tech Ventures, VC Fonds Technologie Berlin managed by IBB Beteiligungsgesellschaft mbH, coparion and Target Partners.
Family offices have been eager and leading investors in the growing cannabis market, using their advantages over traditional PE to explore opportunities. But investors and family office executives say many FOs also face obstacles as they try to put their money down in a complex logistical and legal environment. Family offices are “not equipped to […]