RHC Pipeline Report v19.17

RHC REPORT HIGHLIGHT

Palo Alto, CA- and London, UK-based AV8 Ventures has raised a €150m (approx. $170m) debut early-stage venture capital fund.

Solely backed by Allianz Group, one of the world’s leading insurers and asset managers with more than 92 million retail and corporate customers, the fund will invest in seed and Series A startups in the U.S. and Europe focused on the “machine-enabled future.”

Read More: https://techcrunch.com/2019/04/23/av8-ventures-raises-170m-to-invest-in-digital-health-mobility-and-enterprise-tech/

RHC PIPELINE REPORT

  • Variant Equity acquired Coach USA, a Paramus, N.J.-based provider of passenger transportation and mobility services, from Stagecoach Group plc for about $271.4 million.
  • EMV Capital acquired a controlling stake in Vortex Biosciences, a Palo Alto, Calif.-based provider of liquid biopsy of circulating tumor cells. Financial terms weren’t disclosed.
  • LLR Partners made an investment in Magaya Corporation, a Miami-based provider of warehouse, cargo, and supply chain management software solutions. Financial terms weren’t disclosed.
  • Telestream, backed by Genstar Capital, merged with Tektronix Video, video testing and monitoring for broadcast and digital media markets co-owned by Fortive. Financial terms weren’t disclosed.
  • BV Investment Partners invested in Franco Signor, a Bradenton, Fla.-based provider of Medicare Secondary Payer (MSP) compliance solutions to insurers. Financial terms weren’t disclosed.
  • LLR Partners today invested in Magaya Corporation, a Miami-based provider of warehouse, cargo, and supply chain management software solutions. Financial terms weren’t disclosed.
  • MiddleGround Capital acquired Peterson Spring, a Southfield, Mich.-based specialty spring manufacturer. Financial terms weren’t disclosed.
  • Gridiron Capital made an investment in Remington Products, a Wadsworth, Ohio-based provider of branded and private label orthotic solutions. Financial terms weren’t disclosed.
  • Enlightenment Capital acquired Trowbridge & Trowbridge, a McLean, Va.-based provider of IT solutions to defense, intelligence, and civilian government agencies. Financial terms weren’t disclosed.
  • GenServe LLC, a portfolio company of GenNx360 Capital Partners, acquired Power Performance Industries, a Yonkers, N.Y.-based provider of maintenance and repair services to industrial generators and backup power solutions. Financial terms weren’t disclosed.
  • Apollo Global Management will acquire Smart & Final Stores Inc (NYSE:SFS) for approximately $1.1 billion, including debt.

DISCLAIMER: All deal information is provided by 3rd party sources such as AP, Bloomberg, Forbes, Fortune, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), etc. Please check with the company website for a press release. We do not update our posting or check the source of the news.