Monthly Archives: July 2022

The Scherzer Deal Report: July 18-23, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

First dedicated early-stage venture capital fund
First climate-related venture fund
Fourth flagship private equity fund
Second Health Assurance Fund
Inaugural private equity fund
New opportunity fund
Third fund focused on fintech investments in the US, Europe, and Canada
Debut fund for space investments

Private Equity Deals

GreyLion Partners, Vestar Capital Partners
Austin, TX-based training and compliance company
Isos Capital Management
Westport, CT-based advisory firm
AEA Growth
San Diego, CA-based executive search firm in the software sector
Basis Vectors
Minneola, FL-based cloud platform for high-volume digital commerce
Mill Point Capital
Atlanta, GA-based construction materials company
Clearlake Capital
Chicago, IL-based collision repairs provider
Warburg Pincus
Miami, FL-based car wash company
Alpine Investors
Boston, MA-based K-12 online tutoring platform
New York, NY-based provider of payment processing technology
Macquarie Asset Management’s Green Investment Group
Boston, MA-based renewable energy development platform
TA Associates
Newport Beach, CA-based real estate intelligence and analytics company
HarbourView Equity Partners
Los Angeles, CA-based publishing and recorded music catalog
Mill Rock Packaging Partners
St. Paul, MN-based specialty packaging and printing company
Bain Capital, ADIA
Hookset, NH-based fleet management company
Middleton, WI-based neurodiagnostic device company
Chase Corporation
Houston, TX-based producer of high-end polymer technologies
New Mountain Capital
New York, NY-based enterprise software company
Peak Technologies
Franklin, MA-based provider of supply chain and logistics analytics software
Red Arts Capital, Prudential Private Capital
Chino, CA-based freight consolidators
CGI Manufacturing Holdings
Dresser, WI-based manufacturer of custom mechanical systems
Beverly Hills, CA-based talent agency
BlackRock Real Assets
Wellesley, MA-based food waste management company


Venture Capital Deals

Quad Partners, Next47, Origin Ventures, Matrix Partners, Point Nine Capital, New Ground Ventures
San Francisco, CA-based performance management company
Brighton Park Capital
New York, NY-based security company
DCVC, Eli Lilly, Creyon Bio, Totus Medicines, GenEdit
Wellesley, MA-based biotech company developing cancer therapies
Section 32, Amgen Ventures, Bristol Myers Squibb, Quadrille Capital, Gaingels, GRIDS Capital
San Mateo, CA-based biotech company
Enavate Sciences, Gaingels, 5AM Ventures, Polaris Partners, Northpond Ventures, Andreessen Horowitz, The Kraft Group
Cambridge, MA-based RNA biotech company
8VC, Andreessen Horowitz, Wing VC, Catalio Capital Management, ARTIS Ventures, Alexandria Venture Investments, AME Cloud Ventures, the Cancer Research Institute, Gaingels
Foster City, CA-based precision medicine company
Alignment Growth, OMERS Ventures, Mayfield, Emergence Capital
San Francisco, CA-based database of venture capital deal activity
DFJ Growth, Eli Lilly and Company, Point72, Brown Advisory, Point Field Partners, Initiate Ventures, Open Field Capital, PTX Capital, Cowen Healthcare Investments, Foresite Capital, Menlo Ventures, OrbiMed, T. Rowe Price Associates, Inc., Northpond Ventures, Samsara BioCapital, Rock Springs Capital, AV8 Ventures, Illumina Ventures, Osage University Partners, Windham Venture Partners
Baltimore, MD and Palo Alto, CA-based liquid biopsy company
WestCap, Mubadala Capital, Streamlined Ventures
Los Angeles, CA-based social commerce startup
Accomplice, Kinnevik
Seattle, WA-based travel industry API startup
A-Street Ventures
Richmond, VA-based education curriculum company
Summit Partners, Castle Island Ventures, Digital Currency Group, Brevan Howard
Miami, FL-based blockchain security startup
Electric Capital, Dragonfly Capital Partners, LedgerPrime, Balaji Srinivasan, Jump Crypto, Wintermute Trading, GSR, Kronos Research and Altonomy
San Francisco, CA-based decentralized finance exchange
Three Fish Capital
New York, NY-based contract worker hiring and onboarding company
Revolution Growth, CPP Investments, Grosvenor, Wellington Management, Chipotle’s Cultivate Next
Boulder, CO-based alternative meats company
Tiger Global, QED Investors, FTX
New York, NY-based crypto corporate treasury company
Starshot Capital, Helena, Ahren Innovation Capital, Mustafa Suleyman, Flying Fish, Section 32, Character
Seattle, WA-based industrial manufacturing systems startup
Sweat Equity Partners, SoftBank, Mercury Fund, Fitz Gate Ventures, Seamless Capital, Raven One Ventures, New Age Ventures
Austin, TX-based residential home services startup
Noro-Moseley Partners, Frontier Growth
Fayetteville, AR-based retail supply chain data company
Summit Partners
San Francisco, CA-based maker of text shortcut software
Insight Partners, Blumberg Capital, Mayo Clinic, NFX, StageOne Ventures, iAngels, Neil Hunt, iCON, Ariel Cohen
Palo Alto, CA-based surgery video analysis company
Morgan Stanley’s Next Level Fund, Mastercard, GoldHouse, Asian Hustle network, Hyphen Capital
San Francisco, CA-based consumer credit startup
CapitalG, DST Global, BOND, A16Z, YC Continuity
Marina del Rey, CA-based livestream shopping network
FPV Ventures, Craft Ventures, Spark Capital, Harrison Metal, SV Angel, Abstract Ventures, the Chainsmokers, Global Founders Capital
San Francisco, CA-based credit cart startup
LightWork Worldwide, Alpha Sigma Capital, Apex Capital Partners, Baron Davis Enterprises
Boston, MA-based gaming and lifestyle company
Kingsway Capital, The Raine Group, Square Enix, Lakestar, Initial Capital
Hoboken, NJ-based payment processor for the gaming industry
Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung Next, EDF North America Ventures
San Jose, CA-based edge computing company

July 28th, 2022|Scherzer Deal Report|

The Scherzer Deal Report: July 11-16, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

14th flagship fund ($3.3B) and 2nd select fund ($530M)
Debut corporate venture arm
Second fund
First fund devoted to asset-based finance investments
Austin, TX
Third fund
Debut fund
New fund
Fifth fund
Miami, FL
Debut fund
Fifth fund

Private Equity Deals

Partners Group
Shelton, CT-based energy efficiency-as-a-service company
Bregal Sagemount
New York, NY-based provider of operations and resident engagement software for luxury residential properties
RAF Industries
Darien, WI-based maker of laser-guided boom screeds for placing concrete
InfraRed Capital Partners
Brunswick, GA-based regional broadband service provider
Tailwind Capital
Lakewood, OH-based Google Cloud partner
Bregal Sagemount
New York, NY-based provider of compliance advisory services to the investment management industry
Golden Gate Capital
New York, NY-based provider of tech services for financial markets
MidOcean Partners
Phoenix, AZ-based product management training company
JDH Capital
Eugene, OR-based maker of archery products
Bessemer Investors
San Diego, CA-based franchisee for Roto-Rooter Plumbing and Drain Service
Pamlico Capital
Atlanta, GA-based procurement spend analytics platform.
Aterian Investment Partners
Albany, NY-based maker of fiber products for markets like bedding, furniture, and medical.
Apollo Investment Management
Arlington, VA-based community solar owner-operator
Clearhaven Partners
New York, NY-based video creation and personalization SaaS
Heritage GroupTwelve
Murfreesboro, TN-based provider of chronic care medication
Madison Dearborn Partners
Dulles, a VA-based government contractor, focused on procurement, supply chain, and contract management software.
Austin, TX-based provider of work management software


Venture Capital Deals

Live Oak Ventures
Wilmington, NC-based maker of front-end software for smaller banks
Bain Capital Life Sciences, Access Biotechnology, GV, Arch Venture Partners, Saturn Partners, Sanofi, Maverick Capital, Population Health Partners
Fort Collins, CO-based developer of oral drugs for treating asthma
Insight Partners, Accel, YC
San Francisco, CA-based audio intelligence API
Carrick Capital Partners
Phoenix, AZ-based “offensive security” startup
M13, Inspired Capital, IA Ventures, Upfront Capital
San Francisco, CA-based EMR development and payments platform
Breakthrough Energy Ventures, Inditex
Danville, VA-based apparel recycling startup
Axon, Aqton Partners, Menlo Ventures, Felicis Ventures, Target Partners
San Francisco, CA-based drone defense startup
Abdo Partners, Spring Lane Capital, Copulos Group
Arcadia, CA-based EV fast-charging network operator
Castle Island Ventures, Citadel Securities, FTX Ventures, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures
New York, NY-based crypto prime brokerage
Triatomic Capital, Section 32, FPV Ventures, Horizons Ventures, Tencent, Playground Global, Fifty Years, GettyLab
Boston, MA-based protein therapeutics startup
Snowpoint, Baille Gifford, GV
Boston, MA-based developer of autonomous flight tech for fixed-wing aircraft
TPG Rise Climate, Decarbonization Partners, NextEra Energy Resources, SK, Mitsubishi Heavy Industries America, Azimuth Capital Management
Lincoln, NE-based green hydrogen producer
Wellington Access Ventures, Seae Ventures, Philips Ventures
Los Angeles, CA-based virtual at-home intervention program for cardiac patients
Canvas Ventures, Menlo Ventures, Story Ventures, Pruven Capital
New York, NY-based patient data sharing startup
GIC, Trilantic, Energy Impact Partners
Tualatin, OR-based battery energy storage startup
Founders Fund, Stripe, Elad Gil
Mountain View, CA-based equity management software startup
Tola Capital, FirstMark, Accomplice, Boldstart, Allegion Ventures
Boston, MA-based hybrid workplace management platform
Morgan Stanley Expansion Capital
Indianapolis, IN-based edge infrastructure management startup
FTV Capital
Atlanta, GA-based provider of business management SaaS for the green industry
Goldman Sachs, Sanabil, Dell Technologies Capital, Google Ventures, Hewlett Packard Enterprise, Rev IV, IBM, Insight Partners
San Francisco, CA-based real-time database platform
Kleiner Perkins, Databricks, Snowflake, Andreessen Horowitz, Sequoia Capital, Bain Capital Ventures, Tiger Global
San Francisco, CA-based machine learning ops startup
Breakthrough Energy Ventures, LENx, Creative Ventures, Rio Tinto
Golden, CO-based developer of a low-carbon alternative for cement production
Koch Industries, Eastman Kodak, Fifth Wall Climate
San Diego, CA-based EV battery technology developer
HealthQuad, British International Investment, W Health Ventures, Kae Capital, Google Assistant Investments, pi Ventures
Boston, MA-based mental health messaging tool

July 20th, 2022|Scherzer Deal Report|

CFPB’s Advisory Opinion on Name-Only Matching for Consumer Reporting

On July 12, 2022, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding the “permissible purpose requirement” of the Fair Credit Reporting Act (FCRA) as it applies to both a consumer reporting agency (CRA) and a user of consumer reports (e.g., employer).

The CFPB’s position is that name-only matching records in a consumer report violate the permissible purpose requirement in FCRA section 604(a)(3). The CFPB noted that consumer report users must ensure they do not violate a person’s privacy by obtaining or using a report without a permissible purpose, and that a consumer reporting agency should not provide reports with “possible matches” to users.

The CFPB further warned that including a disclaimer in the report, such as “this record was matched to the subject by First Name, Last Name ONLY and may not belong to your subject; your further review of the [source] is required in order to determine if this is your subject” does not adequately address the problem of using name-only matching procedures because the report may include information about a person other than the subject for whom the CRA has a permissible purpose. In the CFPB’s view, a disclaimer “will not change the fact that the consumer reporting company has failed to satisfy the requirements of 604(a)(3) and has provided a consumer report about a person lacking a permissible purpose with respect to that person.”

The CFPB’s advisory opinion raises the possibility that employers, as users of such consumer reports, could be held liable for FCRA permissible purpose violations resulting from a CRA’s matching procedures or mistakes. The opinion emphasized the CFPB’s position that there is strict liability for obtaining or using a consumer report without a permissible purpose and also included a reminder about criminal liability for knowing or willful violations of the FCRA provisions.

July 19th, 2022|Compliance Corner|

Civil Judgments v. Judgment Liens: What is the Difference?

A civil judgment and a judgment lien are not the same things, although they do relate to the same debt.

A civil judgment is an official decision by the court regarding a civil lawsuit. If the judgment is in favor of the plaintiff (the party filing the lawsuit), the judgment typically awards the plaintiff a sum of money that must be paid by the defendant (the party sued by the plaintiff). A civil judgment can be located in a search of civil court records.

If the judgment debtor (the defendant who lost the lawsuit) fails to voluntarily pay or “satisfy the judgment,” it is up to the judgment creditor (the plaintiff who won the lawsuit) to enforce or collect the judgment.

There are a variety of ways to enforce a civil judgment. A common method of enforcing a judgment is for the judgment creditor to file a judgment lien, which is also often referred to as an “abstract of judgment.” This is an involuntary lien that the judgment creditor files to attach to the judgment debtor’s property in the jurisdiction where the judgment lien is filed. The judgment lien is typically filed in the county recorder’s office but may also be filed at the courthouse in some jurisdictions. In general, the lien is satisfied from the sale proceeds when the judgment debtor sells the property or when a refinance occurs.

July 14th, 2022|Compliance Corner|

The Scherzer Deal Report: July 5-9, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

Debut fund
First infrastructure-focused PE secondaries and co-investments fund
Fund of funds
Debut environmental impact PE fund
Fourth direct co-investment fund
Second fund
Seventh fund
Fifth fund
Debut fund
Third fund

Private Equity Deals

Genstar Capital
Spicewood, TX-based maker of passive and electromechanical components
FTV Capital
New York, NY-based custom enterprise software developer
Knox Lane
Idaho Falls, ID-based formulator and manufacturer of beauty products
Sycamore Partners
King of Prussia, PA-based franchisor of The Goddard School
Blue Wolf Capital, GCM Grosvenor
Chicago, IL-based provider of transportation and maintenance services to the public and private transit sectors
NovaQuest Private Equity
Durham, NC-based ophthalmology
CROFrancisco Partners
San Francisco, CA-based market infrastructure platform for global carbon and environmental commodities


Venture Capital Deals

Questa Capital, CRG
Pleasanton, CA-based maker of a kidney stone removal device
Allianz X, Valor Equity Partners, Kinetic Partners
San Francisco, CA-based cyber risk insurer
Cambridge, MA-based developer of a headset for neurological therapy
BlackRock, Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, T. Rowe Price, Tiger Global
Seattle, WA-based programmatic logistics firm for retailers and brands
GV, AgFunder, Refactor Capital, First Star Ventures, Bolt
Petaluma, CA-based ag-tech startup focused on aquatic superplants.
Hummingbird Ventures, Amgen Ventures, HBM Genomics, Civilization Ventures
Cambridge, MA-based developer of oncology mRNA tech
Prosus, Fiserv, Contour Venture Partners
New York, NY-based corporate food delivery platform
BAMCAP Ventures, Carao Ventures, Susan and Anne Wojcicki, Madrona Venture Group, First Round Capital, Floodgate, FundersClub, Hillsven, Mango Capital, Xplorer Capital
San Francisco, CA-based accounts receivable management startup.
Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, the Simkins Family
Burlington, MA-based developer of digital manufacturing infrastructure.
Beringea, Cushman & Wakefield, Crow Holdings, Taronga Ventures, Fifth Wall, Bessemer Ventures, Jona Capital
New York, NY-based real estate certification startup.

July 13th, 2022|Scherzer Deal Report|

State and Federal Court Searches: Removal vs. Remand

The U.S. has a dual court system — state courts and federal courts. State courts are established by state law and have broad jurisdiction, which means they handle many types of cases. Federal courts are established under the U.S. Constitution and have a limited jurisdiction, typically limited to cases involving the Constitution and laws passed by Congress.

In some cases, the parties may disagree about whether the case should be heard in state or federal court. When this occurs, your court searches may locate state cases that have been “removed to federal court” or federal cases that have been “remanded back to state court” – and sometimes both procedures will happen to the same case.

“Removal” is when a defendant takes a case that was filed by the plaintiff in state court and then brings it to federal court. A defendant can remove a case from state court to federal court if the case originally could have been brought in federal court. The plaintiff can challenge the removal to federal court and, if the challenge is successful, the federal court will “remand” the case back to state court.

July 12th, 2022|Compliance Corner|

The Scherzer Deal Report: June 27-July 1, 2022

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 and Lucas and Associates, LLC.

PE and VC Firms

Twelfth fund
Third VC fund
New venture fund
Second fund
New fund
Second search fund
Second fund
Second fund
Fifth flagship fund

Private Equity Deals

FFL Partners
New York, NY-based IT managed services provider focused on financial services
Sixth Street, Royalty Pharma
Cambridge, MA-based biotech focused on genomically defined diseases
Wappinger Falls, NY-based brownfield energy developer
Creative Artists Agency
Los Angeles, CA-based talent agency
TPG Rise Climate, Climate Adaptive Infrastructure, Trilantic Energy Partners North America
Beaverton, OR-based clean tech power plant developer
Kaiser, MO-based maker of custom boat covers
Lindsay Goldberg
Canton, MI-based contract research organization with more than 800 employees
Intermediate Capital Group
Port Richey, FL-based manufacturer of engineered plastic components


Venture Capital Deals

Treasury, QED Investors, Nyca Partners, Team8, Euclidean Capital, Atento Capital
New York, NY-based personal income tax platform
S2G Ventures, AgFunder, Horizons Ventures
Seattle, WA-based imitation coffee startup
Oklahoma Rock Holdings
Aventura, FL-based medical device startup focused on targeted heat shock protein induction
Cleveland Clinic, GE Healthcare, RIK Enterprises, JobsOhio, Jumpstart Ventures, G2 Group Ventures
Cleveland, OH-based developer of surgical navigation tech devices
FTV Capital
New York, NY-based software engineering firm
Sozo Ventures, Forerunner Ventures, Initialized Capital, Gaingels, KBW Ventures
Oakland CA-based -based maker of plant-based dairy foods
Ontario Teachers, Senator Investment Group, Chanel, Mousse Partners, Jeff Vinik, The Kraft Group, Roy Disney, Emerald Development Managers
Medford, MA-based creator of a library of activated molecules from natural silk protein
Salesforce Ventures, Battery Ventures, Jennifer Tejada, Sequoia Capital, Threshold Ventures, Uncork Capital
San Francisco, CA-based communication hub for customer relationships
Generation Investment Management, Accel, Eight Roads Ventures, Intel Capital, Lumir Ventures
New York, NY-based career development platform
Education Growth Partners, Cultivation Capital, Rise of the Rest
Buffalo, NY-based provider of child care management software
Adams Street Partners, Icon Ventures, HealthQuest Capital Polaris Partners, .406 Ventures, AlleyCorp, RRE Ventures
New York, NY-based health care staffing marketplace
Index Ventures, Andreessen Horowitz, YC Continuity Fund, LocalGlobe, Craft Ventures, Original Capital, Backend Capital, Contrary Capital, Jeff Weiner, Tudor Havriliuc
San Francisco, CA-based compensation platform
B Capital Group
San Francisco, CA-based medical data sharing startup
Cowen Digital, Brevan Howard, GSR
San Francisco, CA-based provider of digital asset infrastructure for institutional investors
Questa Capital, LRVHealth, OSF Healthcare, Ziegler Link-Age Funds, HealthWorx
Washington, DC-based healthcare analytics startup focused on social risk intelligence
Madrona, Impact VC, RingCentral Ventures, Sure Ventures, USVP, Gaingels, PeopleTech Angels, Propel(x), Zoom Ventures
Palo Alto, CA-based digital coaching platform
San Jose, CA-based medical diagnostic company

July 6th, 2022|Scherzer Deal Report|
Go to Top