VENTURE DEALS
- Movement Labs, a San Francisco-based blockchain development team, raised $38 million in Series A funding. Polychain Capital led the round and was joined by Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, and others.
- Nominal, a Los Angeles, Calif.-based provider of data analytics for mission-critical operations, raised $28 million in funding from Lux Capital, General Catalyst, Founders Fund, Haystack VC, XYZ Ventures, Human Capital, Box Group, and Overmatch.
- Treefera, a London, U.K.-based AI-enabled data platform designed to make the reporting of nature-based assets, like carbon credits and supply chain sustainability, more transparent, raised $12 million in Series A funding. AlbionVC led the round and was joined by others.
- Terra One, a Berlin, Germany-based battery storage company, raised $7.5 million in seed funding. PT1 led the round and was joined by neosfer, 468 Capital, and others.
- Natix Network, a Hamburg, Germany-based developer of an app that collects map data by incentivizing users to capture their surroundings, raised $4.6 million in funding. Borderless Capital and Tioga Capital led the round and was joined by Escape Velocity, Big Brain, WAGMI Ventures, Inception Capital, Laser Digital, and others.
- roclub, a Berlin, Germany-based teleoperations platform for remote access to and operation of medical devices, raised €4 million ($4.3 million) in seed funding. Speedinvest led the round and was joined by FJ Labs, Better Ventures, and angel investors.
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PRIVATE EQUITY
- GTCR agreed to take AssetMark, a Concord, Calif.-based wealth management technology platform for financial advisors, private for approximately $2.7 billion.
- Blackstone agreed to acquire Tropical Smoothie Cafe, an Atlanta, Ga.-based franchisor of fast casual restaurants offering food and smoothies, from Levine Leichtman Capital Partners. Financial terms were not disclosed.
EXITS
- Affiliates of CC Industries acquired Foremark Performance Chemicals, a La Porte, Texas-based producer of natural gas sweeteners, chemical building blocks, and slow-release fertilizers, from SK Capital. Financial terms were not disclosed.
- Compagnie Financière Jousset and the SMAC management team acquired SMAC, a Paris, France-based provider of waterproofing and building envelope systems, from OpenGate Capital. Financial terms were not disclosed,
- KKR agreed to acquire nexeye, a Gorinchem, the Netherlands-based eye care provider, from 3i Group. Financial terms were not disclosed.
OTHER
- rePurpose Global acquired Bluebird Climate, a New York City-based developer of software designed to help brands assess, manage, and communicate the sustainability of their products, ingredients, and packaging. Financial terms were not disclosed.
IPOS
- Loar Holdings, a White Plain, N.Y.-based manufacturer of niche parts for aircraft and aerospace and defense systems, raised $308 million in an offering of 11 million shares priced at $28 on the New York Stock Exchange. The company posted $317 million in revenue for the year ending December 31, 2023.
- Marex Group, a London, U.K.-based financial services provider, raised $292 million in an offering of 15.4 million shares priced at $19 on the Nasdaq. The company posted $1.2 billion in revenue for the year ending December 31, 2023.
PEOPLE
- Abris Capital, a Warsaw, Poland-based private equity firm, promoted Tomasz Kujawa to partner.