Clearlake’s Symplr snaps up Arsenal’s TractManager, Stemming the covid-19 tide: 3-D printers to the rescue, Arcline, fresh from record debut fundraising, boosts ambitions for second fund

Vista Equity-backed Tibco Software agrees to buy Information Builders and Arcline is raising even more for its second fund over its record debut fund.

Happy Friday!

We have another PE portfolio company that shifted its operations to help in the fight against covid-19. As a reminder, PE Hub reporter Karishma Vanjani has been tracking PE portfolio companies that adjusted operations to adjust to the new environment. Karishma is working on an in-depth piece about PE’s efforts for December, so hit us up if you have insight at cwitkowsky@buyoutsinsider.com.

3-D manufacturer Fathom, backed by CORE Industrial Partners, signed two large ventilator projects under the defense production act in the early days of the pandemic. The company also got involved with MIT’s E-Vent Emergency Ventilator project and The AeroBreath Project, for which the company printed all $100 AeroBreath prototypes.

To increase production and reduce time to market, Fathom then created a new multi-cavity tool to build covid test cartridges, which saw an incredible spike in demand. “Part of the benefit of our manufacturing is that you are able to scale really quickly.”

Read it here on PE Hub.

Top Scoops
Vista Equity-backed Tibco Software agreed to buy Information Builders, a data and analytics company. Read more here on PE Hub.

One of the largest first-time fundraisings of the past few years was Arcline Investment Management, which closed its debut fund last year on $1.5 billion.

Arcline, formed by ex-Golden Gate executive Rajeev Amara, is back in quick time with its second fund, targeting even more than Fund I. Check it out here on Buyouts.

Have a great weekend! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.