Evollve Inc said Feb. 15 that it raised $3 million in a Series A preferred funding round led by Tribeca Venture Partners. Evollve, of Redondo Beach, California, is the maker of the Ozobot smart robot.
Atomico said Feb. 16 that it closed its fourth venture capital fund at $765 million. Atomico IV will invest in European technology founders from Series A onwards. Atomico’s previous fund, Atomico III LP, closed in 2013 at $476.6 million.
The private-equity owners of BJ’s Wholesale Club are interviewing banks to advise on the company’s options, which could include an IPO or a sale, the Wall Street Journal reported. If BJ’s chooses to go public, the IPO would come in the second half of 2017, the story said. BJ’s Wholesale is backed by Leonard Green & Partners LP and CVC Capital Partners Ltd.
Sixpoint Partners said Feb. 15 that Michael Leonardo has joined the firm as vice president, west coast distribution. Leonardo joins from Ironwood Capital Management where he was an associate vice president. Sixpoint also said that Sean Joffe and Ryan Carey were promoted to Director, while Ben Newman was named a vice president.
Kinderhook Industries LLC said Feb. 14 that it acquired Performance Motorsports International from Dover Corp and is forming a new performance parts platform, Race Winning Brands. Dover said it sold Performance Motorsports for $150 million, which includes its retention of a minority stake in the company. Performance Motorsports, of Mentor, Ohio, makes pistons and other engine related components for the motorsports and powersports markets. Antares Capital, Varagon Capital Partners, Madison Capital, and NewStar Financial are providing financing. Kirkland & Ellis LLP served as legal counsel to Kinderhook.
Linda Chaffin has joined NXT Capital as head of institutional marketing. Most recently, Chaffin served as senior vice president for Pathway Capital Management.
PayPal Holdings Inc has agreed to buy TIO Networks Corp for about C$304 million ($233 million). TIO, of San Francisco, is a payment processor in North America. TIO shareholders include Core Innovation Capital, Napier Park Financial Partners, Edison Partners, Inter-Atlantic Advisors and Inductive Capital.
Frazier Healthcare Partners said Feb. 15 that Dr. Krishna Polu has joined the Life Sciences operating professional team as an entrepreneur-in-residence with Hawkeye Therapeutics. Dr. Polu previously served as chief medical officer at Raptor Pharmaceuticals until its acquisition by Horizon Pharmaceuticals in 2016.
Leon Black, co-founder and CEO of Apollo Global Management LLC, collected a total of $142.5 million in dividends, gains from the firm’s investments and his salary in 2016, the Wall Street Journal reported citing a regulatory fling. Most of Black’s earnings in 2016, which were down 2 percent from prior year, came from dividends paid on his 92.7 million shares of Apollo, the WSJ said. Black, 65, is paid a $100,000 annual salary which hasn’t changed since Apollo’s IPO in 2011, the story said.
Bregal Sagemount said Feb. 14 that it has acquired a majority stake in Single Digits Inc. Financial terms weren’t announced. Single Digits, of Bedford, New Hampshire, provides high speed internet access management software and managed services to the hospitality, healthcare, education, transportation, retail, and office verticals. Cook, Little, Rosenblatt & Manson pllc provided legal counsel to Single Digits. Goodwin Procter LLP represented Bregal Sagemount.
High Road Capital Partners said Feb. 14 that it closed its buy of Midwest Wholesale Hardware. Financial terms weren’t announced. Midwest Wholesale, of Kansas City, Missouri, is a wholesale distributor of commercial and institutional door hardware, electronic access control and security products. Monroe Capital provided financing for the transaction. TM Capital Corp advised the company.
Firstavenue said Feb. 14 that Fabiana Cid de Andrade has joined the firm as a principal and will be located in its new Dallas office, which opens in March. Andrade previously spent three years at Credit Suisse as a vice president in their private funds group and led the firm’s activities in Latin America. She currently serves as a senior advisor at LAVCA.
Draper Esprit said Feb. 13 that Nicola McClafferty is joining the firm’s Dublin office. As an Investment Director, McClafferty will focus on identifying and investing in the next generation of Irish tech success stories. McClafferty was previously CEO of Covetique.com.
Trizic said Feb. 13 that it raised a $3.3 million equity round led by Freestyle Capital. Also participating were Broadhaven Capital Partners and Commerce Ventures. Trizic, of San Rafael, California, provides a digital advice solution for RIAs, broker dealers, asset managers, wirehouses, banks, and credit unions.
BitSight said Feb. 13 that Brian Cohen joined the company as CFO, while Elizabeth Fischer was appointed General Counsel and Dave Fachetti was named Senior Vice President of Partnerships. Investors of BitSight, a security ratings company, include Flybridge Capital Partners, Menlo Ventures and Comcast Ventures.
Ship Supply International, an H.I.G. Capital portfolio company, has acquired Marine Trading Services Inc. Financial terms weren’t announced. Marine Trade, of South Hackensack, New Jersey, is a regional port logistics business that delivers perishable goods and deck & engine maintenance products to vessels.
TA Associates said Feb. 13 that it made a minority investment in Retriever Medical/Dental Payments LLC. Financial terms weren’t announced. Retriever, of Valhalla, New York, provides payment technology and merchant services to 15,000 physician practices, dental practices, veterinary clinics and hospitals throughout the U.S.
GOAT said Feb. 7 that it raised $25 million in funding led by Accel. Existing investors Matrix Partners, Upfront Ventures and Webb Investment Network also participated in the round. GOAT, of Los Angeles, provides a sneaker marketplace on mobile.