3 Nov, 2021
Altaris to buy Meridian Medical; Arsenal acquires Guidemark Health
By Ali Imran Naqvi
* New York-based Altaris Capital Partners LLC agreed to acquire emergency response and health security solutions provider Meridian Medical Technologies Inc. from pharmaceutical giant Pfizer Inc.
* Private equity firm Arsenal Capital Partners acquired healthcare marketing communications agency Guidemark Health Inc., under its Value Demonstration organization. This marks the third acquisition for Arsenal's Value Demonstration business.
➤ Asset managers deliver YOY gains in Q3
Almost all asset managers posted yearly improvement in their results for the quarter ended Sept. 30, but quarter-over-quarter performance was varied.
➤ US banks optimistic about healthcare loan growth
Healthcare continued to provide pockets of lending growth for some banks, and many management teams expressed a positive outlook on the sector.
DEALS
* Thoma Bravo LP agreed to sell parking solutions provider T2 Systems Inc. to smart mobility technology solutions provider Verra Mobility Corp. The deal, which values T2 Systems at $347 million on a cash-free and debt-free basis, also contains up to $9 million for an impending asset acquisition by T2 Systems' wholly owned indirect subsidiary.
* Ardian acquired a minority stake in Groupe Strategie Media Conseil, a French digital real estate classifieds platform.
* TPG Growth LLC, the middle-market investment platform of TPG Capital LP, invested in recycling and waste management company Keter Environmental Services Inc.
* Blackford Capital acquired interior design company ID Collaborative Inc. for an undisclosed amount.
* Guardian Capital Partners PLC sold pet products retailer Cosmic Pet LLC to Platinum Equity LLC-backed Petmate.
* Private equity firms Nova Capital Management Ltd. and Landon Capital Partners LLC acquired Walbro Co. Ltd., a company that manufactures engine management and fuel systems for the lawn & garden, recreation & marine and ground support markets.
FUNDRAISING
* 137 Ventures collected $350 million at the closing of its oversubscribed 137 Ventures Fund V. The vehicle will provide custom liquidity solutions to founders; executives; early employees; and other large shareholders of private, high-growth technology companies.
* Navitas Capital GP LLC raised $160 million at the close of its third fund, which is anchored by investment managers, insurance companies, private equity firms and family offices.
VENTURE CAPITAL
* Prepaid Technologies Co. Inc., a provider of prepaid digital payment solutions, secured $96 million in a growth funding round co-led by Edison Partners LP, Private Equity Wire reported. StepStone Group Inc., Stifel Venture Corp. and Top Tier Capital Partners LLC participated in the round.
* Permutive Inc., an audience platform for publishers and advertisers, raised $75 million in a series C funding round led by SoftBank Vision Fund 2, bringing the company's total funding raised to date to $105 million, Private Equity Wire reported. EQT Ventures and Octopus Ventures Ltd., among other investors, who also participated in the round.
* LightForce Orthodontics Inc., which makes a fully customizable 3D printed braces system, raised $50 million in a series C funding round led by Kleiner Perkins Caufield & Byers. Matrix Management Corp. and Tyche Partners, among other investors, also took part in the round.
* Laika Inc. collected $35 million in a series B round of funding led by JPMorgan Private Capital Asia Corp., VentureBeat reported. PayPal Ventures Inc., among other existing investors, took part in the round, according to the report.
* Biopharmaceutical company Antiva Biosciences Inc. secured $31 million in a series D financing round led by Adjuvant Capital LP, with participation from GV Management Co. LLC, HBM Healthcare Investments (Cayman) Ltd. and Avestria Ventures Management LLC, among others.
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