Monthly Archives: January 2023

The Scherzer Deal Report: January 16-20, 2023

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.

Fundraising for PE & VC Funds

$3B
Second direct lending fund
 
$2.1B
Third flagship growth equity fund
 
$22.2B
Ninth global PE secondaries fund
 
$2.7B
GP-led continuation fund strategy
 
$100M
Third fund
 
$125M
Venture arm focused on web3 startups
 
$850M
Fourth fund

Private Equity Deals

HGGC
Undisclosed
Provo, UT-based provider of management services to dental practices
 
Antin Infrastructure Partners
Undisclosed
New York and Pennsylvania-based fiber-to-the-premise broadband provider
 
Sun Capital Partners
Undisclosed
San Marcos, CA-based grower of microgreens and edible flowers for food service and retail customers
 
Wind Point Partners
Undisclosed
Saugus, CA-based provider of water treatment solutions
 
BlackRock
Undisclosed
San Francisco, CA-based provider of 401(k)s for small and mid-sized businesses.
 
Gridiron Capital
Undisclosed
Tampa, FL-based provider of residential HVAC, plumbing, and electrical services
 
Resurgens Technology Partners
Undisclosed
Glen Allen, VA-based provider of maintenance, operations, and management software for mission-critical facilities
 
Avesi Partners
Undisclosed
Petaluma, CA-based provider of adolescent-focused behavioral health services
 
One Equity Partners
Undisclosed
Virginia Beach, VA-based IT services firm focused on the public sector.
 
Quad-C Management
Undisclosed
Rochester, NY-based provider of MRF polishing and SSI metrology manufacturing solutions
 
Argosy Private Equity
Undisclosed
Michigan Center, MI-based provider of parts for machinery installation systems
 
General Atlantic
Undisclosed
Salt Lake City, UT-based operator of 11 pet care centers in five states
 
JMI Equity
Undisclosed
Carlton, OR-based provider of visual sales and marketing solutions for the hospitality and event industries
 
Astara Capital Partners
Undisclosed
Jeffersonville, IN-based snackfood and cereal maker

 

Venture Capital Deals

Norwest Venture Partners, Homebrew
$15M
Santa Clara, CA-based pricing startup based on usage
 
Blue Heron Capital, Beringea, Indiana Next Level Fund/50 South Capital Advisors, High Alpha, Mutual Capital Partners, Signal Peak Ventures, Allos Ventures, Elevate Ventures, M25
$20M
Indianapolis, IN-based provider of conversational intelligence solutions to the healthcare market
 
Taiwania Capital, IPM Group, Alpha Intelligence Capital, H&D Asset Management, Venture to Future Fund, Kolowrat Group
$19M
Erlanger, KY-based provider of warehouse automation solutions
 
Bright Pixel Capital, Eclipse, GC1 Ventures, TechNexus Venture Collaborative, Anti Fund VC, Imaginary Ventures, Foundation Capital, White Star Capital
$15M
New York, NY-based commerce platform-as-a-service
 
Vertex Ventures, Sequoia Capital, GTMFund, Neythri Futures Fund
$15M
Palo Alto, CA-based go-to-market operating system for revenue teams
 
Digital Alpha, Eight Roads Ventures Japan, INCJ, Intel Capital, Japan Post Investment Corporation, Silicon Valley Bank, Tinshed Asia, Wilson Sonsini Investments
$60M
San Mateo, CA-based hybrid cloud data management and storage provider
 
Five Elms Capital
$27.5M
Malibu, CA-based contract management platform
 
Conti Ventures, Rabo Food & Ag Innovation Fund, CNH Industrial, Louis Dreyfus Company Ventures, CHS, Growmark’s Cooperative Ventures
$27.6M
Arlington, VA-based soil data provider
 
Silversmith Capital Partners
$104M
Syracuse, NY-based provider of digital engagement software for automakers
 
Valar Ventures, Tiger Global, Amplo, Pareto Holdings, Quiet Capital
$20M
San Francisco, CA-based provider of open banking API solutions
 
Temasek, Lowercarbon Capital, Toyota Ventures, Felicis Ventures
$21M
San Francisco, CA-based developer of plants that can capture and store carbon
 
Foundry Group, BMW i Ventures, Edison Partners, ATX Venture Partners
$42M
Houston, TX-based electronic manufacturing tech platform
 
Clean Energy Ventures, Aramco Ventures, Emerson Collective, At One Ventures, Mistletoe, Doral Energy-Tech Ventures
$28M
Palo Alto, CA-based developer of high-density carbon-oxygen batteries
 
FM Capital, ADIA, Nvidia, B37 Ventures, Lineage Ventures, Presidio Ventures, Sumitomo Corp., ROBO Global Ventures, Koch Disruptive Technologies, NEA
$73M
Golden, CO-based developer of autonomous electric yard trucks
 
Abingworth, Carlyle, OrbiMed, Catalys Pacific, DaVita Venture Group
$150M
Raleigh, NC-based biotech focused on secondary hyperparathyroidism in patients on hemodialysis.
 
Norwest Venture Partners, Viking Global Investors
$80M
Valencia, CA-based startup focused on chronic autoimmune diseases.
 
LTV SaaS Growth Fund
$35M
Austin, TX-based provider of the cart and funnel software for SMEs
 
Felicis Ventures, DFJ Growth, Aloft VC, General Catalyst, Point72, Costanoa Ventures, Shield Capital
$75M
Palo Alto, Calif.-based ML startup focused on national security

January 25th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: January 9-13, 2023

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.

Fundraising for PE & VC Funds

$5B
Fifth infrastructure debt fund
 
$12.9B
Fifth GP solutions fund
 
Eighth mezzanine debt fund
 
$450M
Second fund
 
$6B
Ninth fund

Private Equity Deals

Goldman Sachs and Everstone Capital Partners
Undisclosed
San Mateo, CA-based tech consultancy
 
Vista Equity Partners
$2.6B
Boston, MA-based provider of insurance industry SaaS
 
Garnett Station Partners
Undisclosed
Richmond, VA-based express car wash chain
 
OceanSound Partners
Undisclosed
Harrisburg, PA-based provider of infrastructure consulting services
 
Alpine Investors
Undisclosed
Miami, FL-based provider of revenue cycle management services to the health care industry
 
Compass Equity Group
Undisclosed
Cranston, RI-based developer of polymer-based products focused on thermoset polyurethane elastomers
 
Fort Point Capital
Undisclosed
Eastpoint, IL-based vacation rental management platform
 
Thoma Bravo, Sunstone Partners
Undisclosed
San Francisco, CA-based user experience testing platform
 
McNally Capital
Undisclosed
McLean, VA-based provider of defense and national security solutions

 

Venture Capital Deals

Norwest Venture Partners, Atomic, Transpose Platform, Spring Tide Capital
$22M
San Francisco, CA-based accidental payments mitigation startup
 
USIT
$60M
San Francisco, CA-based provider of on-demand Earth observation data via space radar
 
Avanta Ventures, MetaProp, M13, Madrona
$21.5M
San Francisco, CA-based rental property management startup
 
Agronomics, Siddhi Capital, CPT Capital, Thia Ventures, 8090 Industries, Echo
$20M
New York, NY-based fermentation platform for producing alt proteins
 
8VC, Metrodora, the Female Founders Fund, Collaborative Fund, Alumni Ventures
$19.1M
New York, NY-based maternity care startup
 
KKR, Abdiel Capital, Tiger Global
$228M
Boston, MA-based provider of low-code app development tools
 
Clearlake Capital, Health Velocity Capital
$300M
Irving, TX-based health care staffing company
 
Era Ventures, Parker89, Montage Ventures, Foundamental, Global Founders Capital, Activant Capital, Gaingels, Elefund, Arkin Holdings
$29M
New York, NY-based luxury homebuilding platform
 
Moneta Ventures, Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain, Capital Factory
$21.2M
Dallas, TX-based industrial automation startup
 
Bank of America, Goldman Sachs
$125M
San Francisco, CA-based market infrastructure platform for global carbon and environmental commodities

January 18th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: January 2-6, 2023

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.

Fundraising for PE & VC Funds

$750M
Second fund
 
$737M
Second junior capital opportunities fund
 
$2.1B
The fifth direct co-investment fund
 
$325M
Second fund

Private Equity Deals

Planet DDS
Undisclosed
Roswell, GA-based cloud software for dental practices
 
SAI Med Partners
Undisclosed
Waltham, MA-based pharma and healthcare market research firm
 
Cressey & Co., Health Enterprise Partners
Undisclosed
Alachua, FL-based health care tech management services firm
 
Delos Capital, The Silverfern Group
Undisclosed
Le Sueur, MN-based provider of aluminum castings and plastic injection molding components
 
BC Partners
$750M
New York, NY-based provider of B2B digital marketing services
 
DW Healthcare Partners
Undisclosed
New York, NY-based medical education company
 
Butterfly
Undisclosed
Eden Prairie, MN-based ingredient manufacturer, focused on raw dairy imports.
 
Golden Gate Capital
Undisclosed
San Francisco, CA-based wealth management firm
 
Ridgemont Equity Partners
Undisclosed
Randolph, MA-based logistics company
 
Partners Group
Undisclosed
Canada and Chicago, IL-based personal protective equipment and safety gear provider
 
Vestar Capital Partners, Windhover Capital
Undisclosed
Santa Maria, CA-based frozen berry processor and ingredient provider
 
LionTree
Undisclosed
Miami, FL-based streaming ad tech platform

 

Venture Capital Deals

BioStar Capital
$20M
Boston, MA-based medical device maker focused on calcified arterial disease.
 
Horizon 3 Healthcare, Arboretum Ventures, Hostplus, EQT Life Sciences, Lumira Ventures, M. H. Carnegie & Co.
$35M
Kirkland, WA-based developer of heart failure treatments
 
GreatPoint Ventures, Bow Capital
$16M
New York, NY-based precision exposome sequencing startup
 
Morgan Stanley Tactical Value, Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, CPP Investments
$401M
Santa Clara, CA-based cloud access security company
 
Slow Ventures, Coatue, K5 Global, Mantis Ventures, Peter Fenton, Jerry Murdock
$18M
Los Angeles, CA-based mobile performance management platform
 
Manulife Investment Management, TD Asset Management, Mountain Group Partners
$375M
Nashville, TN-based renewable power producer
 
Brookfield Growth
$25M
Seattle, WA-based contract lifecycle management startup
 
Column Group
$100M
Menlo Park, CA-based developer of engineered cytokine therapeutics

January 10th, 2023|Scherzer Deal Report|

The Scherzer Deal Report: December 12-31, 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.

Fundraising for PE & VC Funds

$700M
Second midmarket PE fund
 
$866M
Third real estate tech VC fund
 
$32.4B
15th flagship tech buyout fund ($24.3B), fourth Discover fund ($6.2B), and Explore fund ($1.8B)
 
$200M
Second climate tech fund
 
$400M
13th flagship VC fund
 
$530M
Fourth structured capital fund

Private Equity Deals

Coral Tree Partners
Undisclosed
Grand Rapids, MI-based digital jukebox business
 
EQT Partners
Undisclosed
Lawrenceville, NJ-based B2B accounts receivable automation and integrated payments company.
 
Alterna Equity Partners
Undisclosed
Miami, FL-based long-haul transportation and logistics services company
 
Thoma Bravo
Undisclosed
San Mateo, CA-based business spend management software provider.
 
Platinum Equity Harbison
Undisclosed
Pittsburgh, PA-based provider of refractory products and services
 
Wynnchurch Capital
Undisclosed
Houston, TX-based MRO services firm
 
Vector Capital
$100M
Santa Clara, CA-based cybersecurity company
 
The Halifax Group
Undisclosed
Fremont, CA-based IT services firm
 
Manulife Investment Management
$100M
Pasadena, CA-based solar and EV charging company
 
TSG Consumer Partners
Undisclosed
Denver, CO-based portfolio of brands in the beauty, wellness, and self-care sectors
 
Bansk Group
Undisclosed
Franklin, TN-based brand of frozen burritos and breakfast sandwiches
 
TELEO Capital Management
Undisclosed
Indianapolis, IN-based cloud contact center platform
 
Level Equity Team
Undisclosed
Columbus, OH-based provider of work management software
 
BDT Capital Partners
Undisclosed
Palatine, IL-based grill-maker

 

Venture Capital Deals

Widjaja Family Investment Office
$18M
Broomfield, CO-based developer of medical tech for chronic disease management
 
Global Impact Fund
$17M
Washington, DC-based seller of OTC medicines and reusable packaging
 
Wellington Management
$200M
New York, NY-based business data analytics platform
 
Brighton Park Capital
$40M
Mountain View, CA-based provider of online fraud detection and risk management software for financial services and e-commerce
 
Connect Ventures
$20M
El Segundo, CA-based AI entertainment startup
 
Cohort Ventures, LG Technology Ventures, Edison International, Prelude Ventures, Radar Partners
$28M
Menlo Park, CA-based battery management startup
 
Anzu Partners, AlleyCorp, Scout Ventures, Silicon Catalyst Angels, Schams Ventures, E14 Fund, Alumni Ventures
$21.7M
Santa Clara, CA-based edge AI startup
 
Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, Molicel
$214M
Woodinville, WA-based developer of battery anode technology that uses silicon instead of graphite
 
Johnson & Johnson Innovation, Venture Investors, Lumira Ventures, Yonjin Venture, the State of Wisconsin Investment Board
$85M
Minneapolis, MN-based developer of sonic beam therapy for treating tumors
 
Mayfield
$17M
New York, NY-based contract analysis platform
 
Sixth Street Growth
$150M
Salt Lake City, UT-based provider of life sciences manufacturing software
 
Long Ridge Equity Partners
$62M
Atlanta, GA-based cloud customer engagement platform
 
Lightspeed Venture Partners, Coatue
$50M
San Francisco, CA-based startup focused on secure application ingress.
 
CAVU Consumer Partners
$25M
Dallas, TX-based prebiotic soda brand
 
Prime Movers Lab
$15M
Rockville, MD-based developer of cislunar spacecraft
 
CPP Investments
$200M
San Francisco, CA-based energy-as-a-service startup
 
Builders VC, McKinley Management, George Kaiser Family Foundation, Energy Innovation Capital, Moog Inc. 
$38M
Santa Clara, CA-based developer of autonomous heavy equipment
 
US Innovative Technology Fund
$60M
San Diego, CA-based developer of AI pilots for aircraft
 
C&S Family Capital, FS, Toba Capital, Lerer Hippeau Ventures, Primary Venture Partners, TriplePoint Capital
$40M
New York, NY-membership-based chain of veterinary clinics
 
Qatar Investment Authority, Evolution Equity Partners, G Squared, Irving Investors, Boldstart Ventures, Sands Capital, Tiger Global
$196.5M
Boston, MA-based developer security company
 
Bessemer Venture Partners, Insight Partners
$28M
New York, NY-based no-code config tool for Salesforce software
 
Arch Venture Partners, Gates Frontier, Bezos Expeditions, Reliance Digital Health Limited, Greenoaks, Alumni Ventures, Moore Strategic Ventures, Project X, Khosla Ventures, NeuroTechnology Investors, METIS, Forepont Capital Partners, ID8 Investments, Shanda Group, University of Melbourne
$75M
New York, NY-based developer of an endovascular brain-computer interface
 
GGV Capital, Iconiq, Cowboy Ventures, Costanoa Ventures
$52M
New York, NY-based accounting automation startup

January 4th, 2023|Scherzer Deal Report|
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