Fortino acquires Odin Group

Fortino Capital Partners has acquired a majority stake in Odin Group, a provider of IT solutions, cloud hosting, security, managed services and consultancy. No financial terms were disclosed.

Medicixi raises 400 mln euros for third fund

Medicixi, a European life sciences investment firm, has closed its third fund at 400 million euros. The investors in Medicixi III include Novartis and Johnson & Johnson Innovation – JJDC, Inc. The fund will invest in early and late-stage biopharma companies.

Progressio wraps up third fund

Progressio has closed its third fund at a hard cap of 250 million euros, beating its target of 225 million euros. The private equity firm invests in Italian small to medium-sized businesses.

316 Views

PE HUB First Read

First Read closes the week with news that Generali buys Portuguese assets from Apollo for $674 mln, Toys ‘R’ Us is returning to the U.S. and President Trump says he’ll review lucrative Pentagon JEDI contract that will go to either Amazon or Microsoft.

305 Views

FlixMobility scores Series F funding

FlixMobility, the German parent company of global mobility platforms FlixBus and FlixTrain, has raised an undisclosed amount of Series F funding. TCV and Permira led the round. In addition to the funding, John Doran, a general partner at TCV, and Stefan Dziarski, a partner at Permira, will join FlixMobility’s board of directors.

151 Views

PE-backed Albireo Energy buys Alabama Controls

Albireo Energy, which is backed by Huron Capital, has acquired Alabama Controls, a provider of building automation and HVAC control solutions as well as equipment and parts sales. No financial terms were disclosed.

231 Views

Saugatuck invests in Lunada Bay

Saugatuck Capital Company has made an investment in Harbor City, California-based Lunada Bay, a maker of handcrafted glass, ceramic and concrete tiles for the remodeling and architectural and design markets. No financial terms were disclosed.

100 Views

Pacific Oak taps Bender as CFO

Pacific Oak Capital LLC, a backer of commercial real estate-focused alternative investments programs, has named Michael Bender as chief financial officer. Bender’s work background include roles at Spirit Realty Capital Inc and Kamal Osman Jamjoom LLC.

117 Views

Haus attracts $7.1 mln seed

California-based Haus, a co-investment platform for home ownership, has secured $7.1 million in seed funding. The investors included Montage Ventures, RIT Capital Partners and Tim Ferriss.

395 Views

Gauge Capital recaps Schlesinger

Gauge Capital has recapitalized Iselin, New Jersey-based Schlesinger Global LLC, a provider of market research solutions. No financial terms were disclosed for the transaction that was done in partnership with Schlesinger’s owners and management team.

139 Views

Neptune Wellness closes $41.4 mln private placement

Canadian cannabis extraction company Neptune Wellness Solutions has raised $41.4 million in a private placement. Perceptive Advisors was the lead investor. Cowen was the lead placement agent and sole U.S. placement agent while GMP Securities L.P. served as lead Canadian placement agent. Also Echelon Wealth Partners and Desjardins Securities acted as placement agents for Neptune.

114 Views

Cubic Telecom locks in $26.4 mln

Dublin, Ireland-based Cubic Telecom, a connectivity management supplier to the internet of things and automotive industries, has secured $26.4 million in funding. The backer was European Investment Bank.

268 Views

Investcorp funds Contentserv

Contentserv, a Swiss product experience platform, has secured an undisclosed amount of funding. The investor was Investcorp Technology Partners.

265 Views

VC-backed Phreesia starts trading on the NYSE

Phreesia, a patient intake management platform, has debuted its IPO after pricing its over 9.2 million shares at $18 per share. The stock began trading July 18, 2019 on the New York Stock Exchange under the ticker symbol “PHR.” J.P. Morgan, Wells Fargo Securities and William Blair are the lead underwriters. Phreesia’s pre-IPO backers included LLR Partners, HLM Venture Partners, Polaris Partners, Ascension Ventures, Echo Health Venture and Blue Cross Blue Shield Venture Partners.

144 Views

VC-backed Mirum Pharmaceuticals debuts IPO

Foster City, California-based Mirum Pharmaceuticals, a clinical-stage therapeutics company focused on treating cholestatic liver diseases, has raised $75 million for its IPO after pricing its 5 million shares at $15 per share. The stock began trading July 18, 2019 on the NASDAQ under the ticker symbol “MIRM.” Citigroup, Evercore ISI and Guggenheim Securities are the lead underwriters. Mirum’s pre-IPO backers included NEA, Deerfield Management, Frazier Healthcare Partners, Novo Holdings, Pappas Capital, RiverVest Venture Partners and Rock Springs Capital.

104 Views

VC-backed Fulcrum Therapeutics goes public

Cambridge, Massachusetts-based Fulcrum Therapeutics, a clinical-stage biopharmaceutical company, has raised $72 million for its IPO after pricing its 4.5 million shares at $16 per share. The stock began trading July 18, 2019 on the NASDAQ under the ticker symbol “FULC.” Morgan Stanley, BofA Merrill Lynch and SVB Leerink are the lead underwriters. Fulcrum’s pre-IPO backers included Third Rock Ventures and Foresite Capital.