Skyhigh Networks said Sept. 25 that it raised $40 million in Series D funding led by Thomvest Ventures. Sequoia Capital and Greylock Partners also participated. Campbell, California-based Skyhigh provides cloud security and enablement.
Finalcad said Sept. 26 that it raised $20 million in Series B led by Serena Capital, Caphorn Invest and Aster Capital. Finalcad provides mobile apps and predictive analytics that aim to help construction stakeholders anticipate and fix issues.
Office Depot Inc said Sept. 23 that it agreed to sell its European business to The Aurelius Group. Financial terms weren’t announced. Office depot provides products, services, and solutions for the workplace. Annual revenue for the European business is approximately 2 billion euros. Goldman, Sachs & Co acted as Office Depot’s exclusive financial advisor.
Zero said Sept. 21 that it raised $2.5 million in a seed round led by ENIAC Ventures. Also participating were New Enterprise Associates, Nyca Partners, Lightbank and Middleland Capital. San Francisco-based Zero is a mobile banking startup.
Carlyle Group said Sept. 21 that its third collateralized loan obligation fund in the U.S. closed with approximately $505 million. Citigroup arranged the CLO. Carlyle GMS CLO 2016-3 will invest predominantly in senior secured bank loans.
Accenture said Sept. 22 that it agreed to buy Kurt Salmon for total gross cash consideration is $165 million. Management Consulting Group is the seller. Kurt Salmon is a strategy consulting firm focused on the retail industry.
OurCrowd said Sept. 21 that it raised $72 million in Series C funding. Investors in the round include financial institutions, family offices, and private investors from five continents. OurCrowd, of Jerusalem, is an equity crowdfunding platform for accredited investors.
Five Arrows Secondary Opportunities said Sept. 21 that it latest secondary opportunities fund has closed at 451 million euros ($503 million). FASO IV will continue to focus on European small and mid-cap secondary transactions. The fund has already completed its first two first European Secondary Directs transactions. Five Arrows Secondary Opportunities is the European small and mid-cap secondary business of Rothschild Merchant Banking.
The Riverside Company said Sept. 21 that it completed fundraising for its latest micro-cap fund which closed at its $650 million hard cap. Riverside Micro-Cap Fund IV will invest in North American companies with up to $7 million of EBITDA. The target for RMCF IV was $500 million. Investors of the fund include Makena Capital, clients of Partners Capital Investment Group, State of Michigan Retirement System and clients of Willis Towers Watson.
New Mountain Capital has invested in Island Medical Management LLC. Financial terms weren’t announced. Hauppauge, New York-based Island Medical provides outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers.
Dundee Venture Capital said Sept. 20 that it raised $20 million for its third fund. Dundee Fund III will invest in seed and early-stage investments targeting e-commerce, B2B SaaS and consumer-network focused startups. Fund III will target startups located in the broader Midwest region including Denver, Omaha, Lincoln, Kansas City, Madison, Minneapolis, Indianapolis, St. Louis and Chicago.
Cornami said Sept. 20 that it raised $3 million in Series B financing led by Impact Venture Capital. Two technology entrepreneurs — Yatish Mishra and Denoid Tucker — participated in the round and joined the company in key management roles. Mishra has joined as president and COO while Tucker is vice president of product and services. Cornami is the former Sviral, a high-performance computing company, if Santa Clara, California.
Media Source Inc, a portfolio company of The Vistria Group, said Sept. 19 that it named Steve Zales as Chief Executive Officer. Zales succeeds Randy Asmo, who stepped down after 29 years at Media Source, including 18 years as its CEO. Asmo will maintain an advisory and board role with the company.
KKR said Sept. 20 that it named Paul Yang, current President and CEO of China Development Financial Corporation as Head of Greater China, effective January 2017. In August, KKR said that David Liu, a KKR Member, former Co-Head of KKR Asia Private Equity and Head of Greater China, along with KKR Member Julian Wolhardt would be leaving the firm at the end of this year. Liu and Wolhardt will transition to KKR Advisors, the firm said.
TA Associates said Sept. 19 that it completed a “significant” investment in Radixx International Inc. Financial terms weren’t announced. Orlando-based Radixx provides travel distribution and passenger service system software for airline reservations, distribution and merchandising. Goodwin provided legal counsel services to TA Associates. Seyfarth Shaw served as legal counsel to Radixx.
Revelstoke Capital Partners said Sept. 19 that Steve Geringer and Greg Steil have joined as Operating Partners. Geringer is the Chairman of AmSurg Corp while Steil is the Founder of ATI Physical Therapy.
Align Capital Partners LP said Sept. 19 that it closed its inaugural private equity investment fund at its hard cap of $325 million. Align Capital Partners Fund I LP began fundraising in June 2016 with an initial target of $250 million. Fund I will invest in North American-based specialty manufacturing, distribution, and business services companies with less than $10 million of EBITDA. Three longtime Riverside Co buyout executives teamed up to launch Align earlier this year, Buyouts has reported.
HQ Capital said Sept. 19 that named Georg Wunderlin, former COO and Co-Managing Director, as its new Chief Executive Officer, effective Sept. 1. Wunderlin succeeds Ernest Boles, who has assumed the title of Vice Chairman. Boles will continue to advise HQ Capital on its operations and will remain part of the firm’s Executive Management. Boles succeeds Marcel Giacometti, who will become Senior Advisor for HQ Capital as of Jan. 1, 2017.