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And now for your private equity group (PEG) and Venture Capital (VC) deals that closed.
Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources. Please check company website for best information.
PEG – ArcLight Capital Partners has formed a new portfolio company, Eastern Generation LLC, to acquire a natural gas and dual-fuel fired portfolio consisting of seven U.S. power generation plants totaling 4.8 GW. The seller was Tenaska Capital Management. No financial terms were disclosed. www.arclightcapital.com
VC – Altruista Health Inc., a Reston, Va.-based provider of population health management technology solutions for health plans and healthcare providers, has secured an undisclosed amount of funding from Capricorn Healthcare & Special Opportunities. www.altruistahealth.com
PEG – Harbour Group has acquired SP Industries Inc., a Warminster, Penn.-based maker of scientific equipment and biological drug manufacturing solutions, from Graham Partners. No financial terms were disclosed. Lincoln International managed the process. www.spindustries.com
PEG – Main Capital has acquired B+M Informatik AG, a German provider of software for banks and insurance companies, from publicly-traded Allgeier SE. No financialterms were disclosed. www.bmiag.de
VC – Innovid, a New York-based provider of interactive video advertising solutions, has raised $15 million in new VC funding. NewSpring Capital was joined by return backers Sequoia Capital Israel, Genesis Partners, Cisco Ventures and T-Venture. The company also secured $12.5 million in venture debt from Silicon Valley Bank and Triple Point Capital.
VC – Palantir Technologies,a Palo Alto, Calif.-based provider of big data fusion platforms for public and private-sector clients, has increased its Series K round of funding by $200 million, according to a regulatory filing. This brings the round total to $880 million, at a pre-money valuation of around $19.6 billion. www.palantir.com
PEG – Precision for Medicine Inc., a Chevy Chase, Md.-based provider of services for drug development and commercialization, has secured $75 million in growth equity funding from TPG Growth.
PEG – Providence Equity Partners has agreed to acquire Bitei Finance International BV, a mobile operator in Baltic countries, from Mid Europa Partners for an undisclosed amount. www.provequity.com
VC – Semantic Machines, a Newton, Mass.-based developer of conversation AI technology, has raised $12.38 million in new VC funding, according to a regulatory filing. Investors include Bain Capital Ventures and General Catalyst Partners.
Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources. Please check company website for best information.
Happy Networking,
JD Morris
General Partner
Red Hook Capital
Rancho Santa Fe, CA & Washington, DC
&
Vice Chairman
The Morris Team
Newport Beach, CA & Carlsbad, CA
