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Monthly Archives: January 2021

The Scherzer Deal Report: January 18-22, 2021

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

PE and VC Firms Fundraising Location Amount Description
Crossbeam Philadelphia, PA $25M Debut fund
Fort Point Capital Boston, MA $194M Second small cap fund
Growth Street Partners San Francisco, CA $130M Second fund
P4G Capital Management San Francisco, CA $209M Debut fund
Sheridan Capital Partners Chicago, IL $306M Second fund
Union Square Ventures  New York, NY $250M Latest early-stage fund
Union Square Ventures  New York, NY $162M First fund focused on climate tech startup

Private Equity Investors Company  Amount Description
Odyssey Investment Partners Applied Technical Services Undisclosed Marietta, GA-based provider of testing, inspection, and calibration services
I Squared Capital Atlantic Power $961M Boston, MA-based independent power producer with operations in 11 U.S. states and two Canadian provinces
Sycamore Partners Azamara Undisclosed Miami, FL-based boutique luxury cruise business with three ships
General Atlantic, The Vistria Group CareMetx Undisclosed Bethesda, MD-based hub services for patient access to specialty meds
Cohere Capital CCS Undisclosed Portland, OR-based direct-to-consumer retailer of streetwear and skateboard equipment
H.I.G. Capital Continental Batteries Undisclosed Dallas, TX-based cart battery maker
NovaQuest CoreRx Undisclosed Clearwater, FL-based contract development and manufacturing organization
Milestone Partners Cypress Group Undisclosed Baltimore, MD-based property and casualty insurer
Vestar Capital Partners Dr. Praeger’s Sensible Foods Undisclosed Elmwood Park, NJ-based maker of plant-based frozen and refrigerated foods
Partners Group Idera Undisclosed Houston, TX-based provider of database lifecycle management software
Altamont Capital Partners Kinetic Advantage Undisclosed Indianapolis, IN-based newly-formed auto floorplan financing company
Two Sigma Impact and BayPine  Penn Foster Undisclosed Scranton, PA-based distance learning company
BV Investment Partners  PixelMedia Undisclosed Portsmouth, NH-based digital commerce services firm
Elliott Investment Management Removery $50M Austin, TX-based tattoo removal company
Advent International  RxBenefits Undisclosed Birmingham, AL-based pharmacy benefits optimizer
Ridgemont Equity Partners  SoftDocs Undisclosed Columbia, SC-based provider of enterprise content management software for the education market
Sixth Street Talcott Resolution Undisclosed Windsor, CT-based provider of life insurance and annuity services
Growth Catalyst Partners The Equine Network Undisclosed Albuquerque, NM-based provider of sports content and services to the U.S. equine industry

Venture Capital Investors Company  Amount Description
Meritech Capital Partners, Tiger Global, IVP, OMERS Aledade $100M Bethesda, MD-based accountable care organization
Agronomics, Lewis & Clark AgriFood, McWin, Siddhi Capital, Radicle Growth, Rich Products, Thai Union BlueNalu $60M San Diego, CA-based producer of seafood products directly from fish cells
HealthQuest Capital, BlackRock, TCG, Foresite Capital, Greenspring Associates, Morningside Ventures, Portfolio, Highland Capital Partners Everlywell $75M Austin, TX-based in-home health testing platform
Tene Investment Fund GlassesUSA.com $45M New York, NY-based online eyewear retailer and subsidiary of Optimax Eyewear
Sienna Capital, SoftBank Globality $138M Menlo Park, CA-based digital solution for sourcing strategic services
Insight Partners, Norwest Venture Partners Imperfect Foods $95M San Francisco, CA-based online food marketplace aimed at reducing food waste
Endeavor Catalyst, Lumos Capital, Creas Capital, Brighteye Ironhack $20M Miami, FL-based provider of coding bootcamps
GGV Capital, Valor Equity Partners, Kaiser Permanente, 14W, Max Ventures, Pico Partners, Marcy Venture Partners, Primary Venture Partners, BoxGroup K Health $132M New York, NY-based primary care company
Lux Capital, Pivotal BioVentures, The Column Group, DCVC Bio Plexium $35M San Diego, CA-based developer of protein-degrading therapeutics
JMI Equity, Ankona Capital Soci $80M San Diego, CA-based localized marketing startup
Abingworth, Sofinnova Investments, Longitude Capital, Fidelity, Surveyor Capital, Octagon Capital, Kleiner Perkins, GV, Alexandria Venture Investments Vera Therapeutics $80M South San Francisco, CA-based developer of treatments for immunological and inflammatory diseases
Wellington Management, Casdin Capital, Redmile Group, Janus Henderson, Cormorant, Rock Springs Capital, Novo Holdings, Logos Capital, Surveyor Capital, RA Capital, GV, Biomatics Verve Therapeutics $94M Cambridge, MA-based gene-editing startup focused on heart disease
Energize Ventures Volta $125M San Francisco, CA-based EV charging network
Lightspeed Venture Partners, Sino Global Capital, Kenetic Capital, Rockaway Blockchain Fund, Hack VC, DeFi Alliance, Avon Ventures Wintermute $20M Reston, VA-based provider of crypto exchanges and trading platform

January 25th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 11-15, 2021

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

PE and VC Firms Fundraising Location Amount Description
Audax Private Equity New York, NY $1.7B First continuation fund
Heritage Group Nashville, TN $300M Third fund
KKR New York, NY $3.9B First Asia-Pacific infrastructure fund
KKR New York, NY $1.7B First Asia real estate private equity fund
Lafayette Square Holding New York, NY $100M Debut social impact fund
March Capital Santa Monica, CA $450M Third fund
Neuberger Berman New York, NY $2.1B Fourth private equity co-investment fund
New Mountain Capital New York, NY $9.6B Sixth flagship buyout fund
New Mountain Capital New York, NY $640M First non-control fund
O2 Investment Partners Bloomfield Hills, MI $270M Third fund
Transformation Capital Boston, MA $500M Second fund

Private Equity Investors Company  Amount Description
Capital Constellation Avista Capital Partners Undisclosed New York, NY-based health care-focused private equity firm
MountainGate Capital BioDerm Undisclosed Largo, FL-based provider of disposable medical devices and wound care supplies to patients with chronic conditions
SFW Capital Partners Caron Undisclosed Marietta, OH-based lab equipment provider
Oak Hill Capital Partners Checkers Drive-In Restaurants $20M Tampa, FL-based parent company of Checkers & Rally’s iconic drive-thru restaurants
TPG Rise Fund  Element Markets Undisclosed Houston, TX-based sustainability and natural gas offsets trading advisor
Francisco Partners Forcepoint Undisclosed Austin, TX-based cybersecurity company
TPG Greenhouse $500M New York, NY-based human resources software provider
Charlesbank Capital Partners Healthcare Fraud Shield $50M Chesterfield, MO-based provider of fraud, waste and abuse prevention software
Wynnchurch Capital ICA Undisclosed Allentown, PA-based manufacturer of expanded polystyrene foam products
SK Capital Partners Lacerta Undisclosed Mansfield, MA-based maker of specialty thermoformed packaging
Sixth Street Legends Undisclosed New York, NY-based sports hospitality services company co-founded by the New York Yankees and Dallas Cowboys
Warburg Pincus LendingPoint $125M Kennesaw, GA-based provider of personal and small business loans
HGGC, Wealth Partners Capital Group Merit Financial Group Undisclosed Alpharetta, GA-based wealth manager 
TA Associates OmniActive Undisclosed New Jersey and India-based provider of natural nutraceutical ingredients
Varsity Healthcare Partners Peak Dental Services Undisclosed Colorado Springs, CO-based dental services organization
TriSpan Prestige PEO Undisclosed Melville, NY-based professional employer organization
Altamont Capital Partners Specialized Packaging Group Undisclosed Livermore, CA-based protective packaging manufacturer 
BV Investment Partners  Talent Undisclosed New York, NY-based provider of tech-enabled career services
Bain Capital Double Impact  TeachTown Undisclosed Woburn, MA-based provider of hybrid-learning software for students with special education
Spire Capital  The Inception Company Undisclosed Fairfield, NJ-based maker of virtual engagement products and services

Venture Capital Investors Company  Amount Description
ADM Ventures, GV, Barclays, Unreasonable Collective Air Protein $32M Berkeley, CA-based alternative meat startup
Morgan Stanley Expansion Capital, General Catalyst, HighSage Ventures AirSlate $40M Boston, MA-based no-code business automation startup
F-Prime Capital Atalanta Therapeutics $110M Boston, MA-based developer of treatments for neurodegenerative diseases
Coatue, Tiger Global Blend $300M San Francisco, CA-based digital lender
Canvas Ventures, Point72 Ventures, Crosslink Capital Brace $15.7M Los Angeles, CA-based digital mortgage servicing platform
Archina Capital Bryte $24M Los Altos, CA-based developer of AI-powered mattresses
Altimeter Capital, Greenoaks, Lone Pine, Benchmark, Bond, FirstMark, GV, Index Ventures, Tiger Global Cockroach Labs $160M New York, NY-based distributed SQL database
Accel DecisionLink $18.5M Atlanta, GA-based provider of customer cost-benefit analyses for business services
Spark Capital, Andreessen Horowitz, Redpoint Ventures Descript $30M San Francisco, CA-based provider of audio and video transcription and editing software
JMI Equity Employee Navigator $34M Bethesda, MD-based benefits admin and human resources software provider
GV, Arch Venture Partners, Andreessen Horowitz, Casdin Capital, Section 32, Nextech, Arboretum Ventures EQRx $500M Cambridge, MA-based developer of drug equivalars
Insight Partners, Singular, CRV, LaunchHub Ventures Gtmhub $30M Denver, CO-based provider of OKR-focused business orchestration software
Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, Thomvest Ventures, Menlo Ventures, IVP, Unusual Ventures Harness $85M San Francisco, CA-based software delivery platform
CR-CCT Industry Pilot Fund, Redmile Group, Perceptive Advisors Impulse Dynamics $60M Marlton, NJ-based developer of cardiac contractility modulation technology
Mainsail Partners JobNimbus $53M Lehi, UT-based provider of home services software
BlackRock, H.I.G. Growth, OurCrowd, General Atlantic JumpCloud $25M Louisville, CO-based cloud directory platform provider
Foundry Group, Greycroft, Maveron Landing $45M San Francisco, CA-based flexible living startup membership platform
Altimeter Capital, Benchmark, YC Modern Treasury $38M San Francisco, CA-based provider of payment operations software
General Catalyst, Felicis Ventures, Village Global, XYZ Ventures Mosaic $18.5M San Diego, CA-based strategic finance platform
TPG Growth, CapitalG, Geodesic Capital, Greycroft, Canapi Ventures, Digital Garage, Point72 Ventures, Pelion Venture Partners, Regions Financial Corp. MX $300M Lehi, UT-based provider of digital transformation SaaS for banks
Left Lane Ventures, American Family Ventures Neat Capital $22.5M Boulder, CO-based home financing platform
Alaska Permanent Fund, Altitude Life Science Ventures, SoftBank Vision Fund 2, QIA Tessera Therapeutics $230M Cambridge, MA-based programmable genetics startup
GIC, Siemens, Fidelity, Mubadala Investment Co. ThoughtWorks $720M Chicago, IL-based software consultancy
SignalFire, Emerson Collective, Construct Capital, Allen & Co. Tradeswell $15.5M Baltimore, MD-based e-commerce optimization startup
Accel, Silversmith Capital Partners Webflow $140M San Francisco, CA-based no-code website development platform
Altimeter Capital, Insight Partners Workato $110M Mountain View, CA-based business automation integration platform
Merian Chrysalis You & Mr. Jones $60M New York, NY-based brand-tech group

January 19th, 2021|Scherzer Deal Report|

The Scherzer Deal Report: January 1-8, 2021

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International.

PE and VC Firms Fundraising Location Amount Description
Access Holdings Baltimore, MD $340M Debut fund
Ares Management Los Angeles, CA $11B Fifth European credit fund
Marathon Asset Management New York, NY $2.5B Distressed credit fund
Oak Hill Capital Partners New York, NY $3.8B Fifth flagship fund
One Way Ventures Boston, MA $57.5M Second fund

Private Equity Investors Company  Amount Description
H.I.G. Capital Action Point and Signature Flexible Packaging Undisclosed Acquisition and merger of two Californian companies in the food and consumer packaging space
USALCO AI Chem/CalChem Undisclosed Provider of specialty chemicals for municipal water treatment and industrial applications
Monomoy Capital Partners Astro Shapes Undisclosed Struthers, OH-based manufacturer of custom-finished aluminum extrusions
Infinedi Partners BWG Strategy Undisclosed Cranford, NJ-based provider of market intelligence and data to investment management and corporate clients via a subscription-based mode
Partners Group Careismatic Brands Undisclosed Chatsworth, CA-based maker of medical apparel
Golden Gate Capital Covia Undisclosed Independence, OH-based provider of mineral-based material solutions for the industrial and energy markets
H.I.G. Capital Crothall Laundry Services Undisclosed Manassas, VA-based provider of outsourced laundry services to the health care and hospitality sectors
Frazier Healthcare Partners CSafe Global Undisclosed Dayton, OH-based provider of cold chain shipping solutions to the life sciences market
Revelstoke Capital Partners Empire Undisclosed Miami-FL-based franchisee and sub-franchisee of 42 Orangetheory studios in the NYC metropolitan area
Onex Credit Falcon Investment Advisors Undisclosed Boston, MA-based private credit manage
Knox Lane Fingerpaint Undisclosed Saratoga Springs, FL-based health and wellness marketing agency
Gen Cap America  Frontier Packaging Undisclosed Tukwila, WA-based maker of seafood packaging
Century Equity Partners Hancock Claims Consultants Undisclosed Alpharetta, GA-based property and casualty inspector
Incline Equity Partners Jon-Don Undisclosed Roselle, IL-based provider of commercial supplies, equipment and consumables to specialty contractors and in-house service providers
JLL Partners Jonathan Engineered Solutions Undisclosed Irvine, CA-based maker of industrial slides and other custom engineered components environments like U.S. Navy ships
SSM Partners Keeps Undisclosed Las Vegas, NV-based provider of auto service and parts analytics and pricing optimization solutions
MidOcean Partners LYNX Franchising Undisclosed Alpharetta, GA-based franchise platform for Jan Pro and other commercial and industrial services
Platinum Equity Mad Engine Undisclosed San Diego, CA-based apparel maker
Vector Capital Mood Media Undisclosed Austin, TX-based provider of in-store media solutions
Ridgemont Equity Partners SEKO Logistics Undisclosed Itasca, IL-based third-party logistics provider
Odyssey Investment Partners Service Champions Undisclosed Brea, CA-based provider of residential HVAC and plumbing services
Peak Rock Capital Shipley Do-Nuts Undisclosed Houston, TX-based quick-service restaurant franchisor
Sagewind Capital Sigma Defense Systems Undisclosed Perry, GA-based provider of airborne intelligence, surveillance and reconnaissance services
Water Street Healthcare Partners Southern Scripts $100M Natchitoches, LA-based pharmacy benefit management company
Golden Gate Capital  Tidal Wave Auto Spa Undisclosed Orange Park, FL-based car wash chain
SK Capital Partners Tilley Chemical Co. Undisclosed Baltimore, MD-based distributor of specialty chemicals and lubricants
Ontario Teachers’, Ares Management TricorBraun Undisclosed St. Louis, MO-based packaging distributor
May River Capital  Unibloc Pump Undisclosed Marietta, GA-based provider of sanitary flow control solutions
Pritzker Private Capital Vertellus Undisclosed Indianapolis, IN-based specialty chemicals company
Kinderhook Industries Vesta Housing Solutions Undisclosed Southfield, MI-based provider of temporary and permanent modular space solutions

Venture Capital Investors Company  Amount Description
Mass General Brigham Ventures, Sanofi Ventures, Pontifax, Hongsen Investment Group, RA Capital, Samsara BioCapital Abcuro $42M Newton, MA-based developer of anti-KLRG1 treatments for autoimmune diseases and cancers
Rock Springs Capital, Foresite Capital, T. Rowe Price, Wellington Management, Blackrock, Cormorant, Perceptive Advisors, EcoR1 Capital, Surveyor Capital, Logos Capital, Viking Global Investors, Bain Capital Life Sciences, Ziff Capital Healthcare Ventures Affinivax $226M Cambridge, MA-based vaccines developer
XN, GV, Valor Equity Partners, Sequoia Capital, Sidewalk Infrastructure Partners, Congruent Ventures, Closed Loop Partners AMP Robotics $55M Denver, CO-based developer of robots for sorting recyclable materials
Northpond Ventures, Cowen Healthcare Investments, HealthCap, BVF Partners, Ridgeback Capital, Johnson & Johnson, BioMotiv, Ionis Pharmaceuticals Aro Biotherapeutics $88M Philadelphia, PA-based developer of tissue-targeted genetic medicine
Newlight Partners, Fortistar, Cottonwood Technology Funds, Sun Mountain Capital BayoTech $157M Albuquerque, NM-based producer of on-site hydrogen
Breakthrough Energy Ventures Boston Metal $50M Woburn, MA-based sustainable metal production startup
Tiger Global, GreatPoint Ventures, Cross Creek, Wildcat Venture Partners, SpringRock Ventures Carrum Health $40M San Francisco, CA-based bundled payment platform for employers
General Atlantic, Greylock, Lux Capital,  Lee Fixel Chronosphere $43.4M Bellevue, WA-based cloud native monitoring tool
Greycroft Citizen $73M New York, NY-based mobile app that provides users with notifications of nearby emergencies and crimes 
General Catalyst, T. Rowe Price, Viking Global Color $167M Burlingame, CA-based genetics and health testing company
RA Capital Management, Eventide Asset Management, New Leaf Venture Partners, Soleus Capital, Driehaus Capital, Osage University Partners, Asymmetry Capital Management, Northpond Ventures, Sands Capital, Sanofi Ventures, Alexandria Venture Investments, Altitude Life Science Ventures, Agent Capital DiCE Molecules $80M South San Francisco, CA-based developer of immunology therapeutics
Hanaco, Schonfeld, PayPal Ventures, Whale Rock Divvy $165M Draper, UT-based corporate spend management solutions
Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, Cisco Investments Dremio $135M Santa Clara, CA-based provider of data lake transformation solutions
Goldman Sachs Growth, North Castle Partners Echelon Fitness $65M Chattanooga, TN-based connected fitness company
Omega Funds, Longitude Capital Endeavor BioMedicines $62M San Diego, CA-based biotech focused on pulmonary disease
Qatar Investment Authority Fluence $125M Arlington, VA-based energy storage company
Insight Partners Glia $78M New York, NY-based digital customer service company
Coatue, Tiger Global  Hinge Health $310M San Francisco, CA-based provider of musculoskeletal pain solutions
NightDragon Iboss $145M Boston, MA-based cloud delivered network security company
Nextech, Vida Ventures, Two River Group, Bellco Capital, Polaris Partners, GV, Wellington Partners, Logos Capital IconOVir Bio $77M San Diego, CA-based developer of oncolytic virus therapies
Omega Funds, Fidelity, Atlas Venture, OrbiMed, Bristol Myers Squibb Ikena Oncology $120M Boston, MA-based cancer drug developer
Cormorant Asset Management, Surveyor Capital, Rock Springs Capital, T. Rowe Price, BlackRock, Perceptive Advisors, Lyfe Capital Immuneering $62M Cambridge, MA-based cancer drug developer
RA Capital, Vivo Capital, Foresite Capital, A Plus Partners, Quan Capital, Qiming Venture Partners USA Kira Pharma $53.5M Cambridge, MA and Suzhou, China-based developer of complement-targeted therapies
Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, Tiger Global Lacework $525M San Jose, CA-based cloud security platform
Longitude Capital, Omega Funds, Lundbeckfonden Ventures, PBM Capital, Janus Henderson, Invus, Woodline Partners, the Alzheimer’s Drug Discovery Foundation, Alexandria Venture Investments Lexeo Therapeutics $85M New York, NY-based developer of gene therapies
NEA, Evolution VC Partners, Tyson Ventures New Wave Foods $18M New York, NY-based developer of plant-based shrimp
Francisco Partners News Break $115M Mountain View, CA-based local news app
Runa Capital, S7V, 1984 VC, EFG Hermes, Rucker Park,  Inventure Oxygen $17M San Francisco, CA-based digital banking platform
Catalyst Investors, Sageview Capital, Blue Cloud Ventures, Liberty Global Ventures Pax8 $96M Denver, CO-based cloud software marketplace for IT pro
Insight Partners Quantum Metric $200M Monument, CO-based cloud service to build, test, and fix digital product
Ion Crossover Partners, Nexus Capital Management, Baron Capital Group Resident $130M San Francisco, CA-based mattress brand
Owl Rock Capital, Insight Partners, HarbourVest,  Emergence Capital SalesLoft $100M Atlanta, GA-based sales software company
Boxer Capital, EcoR1 Capital, Omega Funds, Vida Ventures, Surveyor Capital, Invus, Wellington Management, Nextech Invest, OrbiMed, Casdin Capital, Woodline Partners, Logos Capital, Janus Henderson, Atlas Venture, Abingworth Scorpion Therapeutics $162M Boston, MA-based precision oncology startup
Leaps by Bayer, Matrix Partners China, Mirae Asset Capital, Ridgeback Capital, Intel Capital, 8VC, Amgen Ventures, Lux Capital Senti Biosciences $105M South San Francisco, CA-based gene circuit startup
Insight Partners SimpleNexus $108M Lehi, UT-based homeownership platform
Andreessen Horowitz, Salesforce Ventures, Coatue, Index Ventures Starburst Data $100M Boston, MA-based SQL query engine
Bessemer Venture Partners, Next Play Capital, Concrete Rose Capital, Emerson Collective, Voyager Capital Syndio $17.1M Seattle, WA-based provider of HR software for eliminating pay equity gaps
Deerfield Management, Eli Lilly, OrbiMed, Lilly Asia Ventures, Vivo Capital, Samsara Capital, Suvretta Capital Management Terns Pharma $87M Foster City, CA-based biotech focused on non-alcoholic steatohepatitis and other liver diseases
Digital Alpha Advisors WeLink $185M Lehi, UT-based fixed-wireless broadband producer

January 11th, 2021|Scherzer Deal Report|
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