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Private Equity News
Intelalley
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Image Credit: Intelalley
S&P Global, CME Sell OSTTRA to KKR for $3.1bn
- S&P Global and CME Group have sold OSTTRA, a post-trade solutions provider, to KKR for $3.1 billion.
- OSTTRA offers post-trade offerings across interest rates, FX, credit, and equity asset classes.
- OSTTRA's management team will continue to lead the company, and KKR plans to increase investments in technology and innovation.
- The transaction is expected to close in the second half of 2025, subject to regulatory approvals.
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Peprofessional
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Paceline Backs Kassel Mechanical
- Paceline Equity Partners has made a $40 million investment in Kassel Mechanical Holdings for a broader recapitalization and to fund the acquisition of Arrow Electric.
- Kassel Mechanical is a provider of mechanical, electrical, plumbing, and fire suppression services to commercial and industrial facilities.
- Kassel has acquired four businesses and offers additional capabilities such as millwright and rigging services.
- Paceline Equity Partners invests in value-oriented and special situations investments across real assets, corporate debt, and private equity.
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Peprofessional
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KSL Beats Target on Tactical Opportunities Fund
- KSL Capital Partners closed its second tactical opportunities fund, Tac Opps II, with $1.44 billion in capital.
- The fund closed at its hard cap, surpassing its original target of $1 billion.
- Investors in Tac Opps II include sovereign wealth funds, public pension plans, foundations, and family offices.
- KSL Capital Partners invests in travel and leisure companies and has offices in Denver, New York City, Stamford, and London.
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Peprofessional
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OEP’s Ballymore Acquires Valley Craft Industries
- Ballymore Safety Products, a portfolio company of One Equity Partners, has acquired Valley Craft Industries.
- Ballymore Safety Products is a manufacturer of steel, aluminum, and stainless steel rolling safety ladders, lifts, work platforms, and more.
- Valley Craft Industries designs and manufactures industrial storage and material handling systems.
- With the acquisition, Ballymore now has approximately 500,000 square feet of domestic manufacturing capacity.
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Funded
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292
Image Credit: Funded
How Startups Use Blockchain to Build Trust and Transparency
- Startups are using blockchain technology to reshape businesses, build trust, and handle transactions.
- Smart contracts on platforms like Ethereum and Solana are making transactions faster, cheaper, and more secure.
- Blockchain is enabling end-to-end supply chain transparency, allowing consumers to track a product's journey and promote ethical sourcing.
- Startups are utilizing blockchain-based identity systems to enhance digital trust and give users control over their personal data.
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Funded
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Image Credit: Funded
DIAMO Raises $4M to Revolutionize Hotel Revenue Management
- Diamo, a NYC-based hospitality revenue management system technology startup, raised $4 million in a seed funding round.
- The funding round was led by Thayer Ventures and Inovia Capital, with participation from Avalon Capital Group and angel investors.
- Diamo's AI-powered revenue optimization platform aims to reshape how hotels manage pricing, occupancy, and demand forecasting in the global market.
- The funding will be used to enhance product capabilities, expand teams, and accelerate market rollout plans across the United States and Europe.
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Peprofessional
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Brynwood Sells Harvest Hill to Castillo Hermanos
- Brynwood Partners has agreed to sell Harvest Hill Beverage Company to Castillo Hermanos.
- The sale of Harvest Hill is the largest exit in Brynwood’s 40-year history.
- Harvest Hill's portfolio includes well-known brands such as Juicy Juice, SunnyD, and Nutrament.
- Castillo Hermnos, a family-owned investment company, continues its international expansion through this acquisition.
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Peprofessional
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Does Money Grow on Trees? Soundcore Says Yes
- Soundcore Capital Partners has formed TreeServe LLC as a new platform in the tree care services sector and has acquired Princeton Tree Care and Clauser Tree Care.
- TreeServe will expand its service territories across the Northeast, Southeast, and Midwest United States.
- Soundcore specializes in buy-and-build investments in the lower middle market and has completed 96 acquisitions across 11 platforms.
- O2 Sponsor Finance provided the senior secured credit facilities for the formation of TreeServe and the acquisitions of Princeton Tree Care and Clauser Tree Care.
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Peprofessional
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Reichmann Segal Advances Sports Infrastructure Strategy
- Reichmann Segal Capital Partners has acquired OES, a company that designs and manufactures LED video scoreboards.
- OES produces LED scoring systems for schools, arenas, and sports venues across North America.
- In addition to OES, Reichmann Segal previously acquired Athletica Sport Systems, a designer and installer of dasher board systems.
- Post-acquisition, OES will continue to operate under the leadership of CEO Jeff Stewart.
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Funded
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Image Credit: Funded
Why Being a Solopreneur Totally Rocks
- Being a solopreneur offers freedom, flexibility, and autonomy.
- Solopreneurs have creative control over their business.
- Running a business on your own leads to personal growth.
- Solopreneurs keep all the profits and build a business around their passion.
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Guardian
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Image Credit: Guardian
The Guardian view on early years education: new nurseries must be the start of something bigger | Editorial
- The increase in safety incidents involving children at nurseries in England highlights the importance of closely monitoring the government-funded expansion of early years education.
- The expansion of free places for preschoolers in poorer areas of the country is a positive development, as it provides high-quality early learning opportunities and benefits parents, especially mothers.
- Concerns about safety and the need to address potential cheating by nurseries also need to be taken seriously.
- While the new nurseries launched by Bridget Phillipson are a promising start, there is more work to be done in improving the quality and affordability of early years education.
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Global Fintech Series
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Image Credit: Global Fintech Series
Turbine Emerges from Stealth with $121M+ in Growth Funding to Unlock Liquidity for Private Equity and Venture Capital Investors
- Turbine Finance Corp. has raised $121 million in growth funding.
- The company has secured a $100 million warehouse facility from Silicon Valley Bank.
- Turbine's loan platform allows private equity and venture firms to offer liquidity to investors.
- The platform leverages data science and machine learning for seamless and cost-effective lending.
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Funded
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Image Credit: Funded
Boosting Employee Well-Being for a Thriving Workplace
- Entrepreneurs play a crucial role in shaping workplace culture and ensuring employee well-being.
- Prioritizing mental health by encouraging open communication, providing resources, and promoting work-life balance.
- Supporting employees' physical health through wellness programs, a health-conscious work environment, and regular breaks.
- Strengthening employees' financial health by offering competitive salaries, financial education, and emergency assistance.
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Funded
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Image Credit: Funded
RapidClaims Funded $11M to Transform AI-Powered Medical Billing
- RapidClaims, a NYC-based developer of a revenue cycle and billing platform, has secured $11 million in Series A funding round led by Accel, with participation from Together Fund and strategic angel investors.
- RapidClaims utilizes AI-powered and large language models to ensure accurate autonomous medical coding and compliance, streamlining claims lifecycle and improving revenue management for healthcare organizations.
- The platform integrates with electronic health records (EHR) and billing systems, utilizing machine learning to predict and prevent claim denials before they occur.
- RapidClaims plans to introduce new features including AI-driven contract analysis and automated appeal generation, and expand partnerships with major healthcare providers and insurance companies.
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Peprofessional
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May River Closes Carve Out, Forms Tusk Industrial
- May River Capital has formed a new industrial flow control platform, Tusk Industrial, by acquiring Global Pump Solutions from CECO Environmental for $110 million.
- Tusk Industrial, formerly known as Global Pump Solutions (GPS), designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for high-temperature and corrosive applications.
- May River Capital plans to invest in new products, expand into new markets, and pursue strategic acquisitions to strengthen Tusk Industrial's foundation.
- The acquisition enables CECO Environmental to align its portfolio of environmental solution businesses with high growth opportunities in energy and industrial markets.
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