| M&A TransactionsLiquiBox / Sealed Air: The company reached a definitive agreement to be acquired by Sealed Air for $1.15 billion on November 1, 2022. The company is a producer of bag-in-box flexible packaging and related filling equipment systems intended for the beverage, processed foods, dairy and wine sectors.
Wilderness Trail Distillery / Gruppo Campari: The company is in talks to be acquired by Campari Group for $600 million on October 31, 2022. The company is an operator of a beverage distillery based in Danville, Kentucky.
Saratoga Food Specialties / Astorg: The company, a subsidiary of Smithfield Foods, was acquired by Solina Group, via its financial sponsor Astorg, through a $587.5 million LBO on November 2, 2022. The company is a producer of dry spice blends and flavorings with operations in the states of California, Illinois and Nevada.
Wetzel’s Pretzels / MTY Food Group: The company reached a definitive agreement to be acquired by MTY Food Group for an estimated $207 million on November 2, 2022. The company is an operator of a quick-service franchise restaurant.
AllergyEats / Sirved: The company was acquired by Sirved for an undisclosed amount on November 1, 2022. The company is a developer of a mobile-based restaurant discovery platform.
Balcones Distilling / Diageo: The company was acquired by Diageo for an undisclosed amount on November 2, 2022. The company is a manufacturer and producer of single malt whiskey based in Texas, United States.
Champion Petfoods / Mars: The company reached a definitive agreement to be acquired by Mars for an undisclosed amount on November 1, 2022. The company is a manufacturer of specialty pet food products for cats and dogs based in Edmonton, Canada.
Chateau Lascombes / Lawrence Wine Estates: The company was acquired by Lawrence Wine Estates for an undisclosed amount on October 31, 2022. The company is an operator of a vineyard based in Margaux, France.
Dianne’s Fine Desserts / Bain Capital: The company was acquired by Dessert Holdings, via its financial sponsor Bain Capital, through an LBO on October 31, 2022 for an undisclosed amount. The company is a producer of frozen thaw-and-serve bakery and confectionery products focused on the food service industry.
eatPLANTS / The New Meat Company: The company was acquired by The New Meat Company for an undisclosed amount on November 4, 2022. The company is an operator of an e-commerce platform intended to offer a large variety of plant-based sauces and broths.
Lipari Foods / Littlejohn & Co.: The company was acquired by Littlejohn & Co. and other undisclosed investors through an LBO on October 31, 2022 for an undisclosed amount. The company is a manufacturer, wholesaler and distributor of specialty food products.
Lobster Trap / Chatham Fish & Lobster: The company was acquired by Chatham Fish & Lobster for an undisclosed amount on November 2, 2022. The company is a distributor of seafood and fishing supplies based in Bourne, Massachusetts.
Lombardi Brothers Meats / Seattle Fish Company: The company was acquired by Seattle Fish Company, a subsidiary of Armand Agra, for an undisclosed amount on November 2, 2022. The company is a provider of meat processing and distribution services intended for hotels, restaurants, resorts and country clubs.
Mac’s Cheese Spreads / Kentucky Microfoodery: The company was acquired by Kentucky Microfoodery for an undisclosed amount on November 2, 2022. The company is a manufacturer of cheese spreads located in Kentucky, United States.
Pelemix / Sun Gro Horticulture: The company, a subsidiary of Pelemix (coir) was acquired by Sun Gro Horticulture for an undisclosed amount on October 31, 2022. The company is a manufacturer of coco peat substrate products catering to hydroponics growers and nurseries.
Universal Pure / Aurora Capital Partners: The company was acquired by Aurora Capital Partners through an LBO on November 2, 2022 for an undisclosed amount. Twin Brook Capital Partners provided the debt financing in support of the transaction. The company is a provider of cold chain logistics services committed to helping in improving the safety, quality and nutrition of what customers eat and drink.
XED Beverage Company / Next Century Spirits: The company was acquired by Next Century Spirits for an undisclosed amount on November 3, 2022. The company is an operator of a beverage platform intended to sell cocktail products.
HEALTHCARE
Private Placement / Financing Transactions
Lusaris Therapeutics: The company raised $60 million of Series A venture funding in a deal led by RA Capital Management on November 2, 2022. Deep Track Capital, Boxer Capital and Venrock also participated in the round. The company is an operator of a biotechnology platform intended to offer next-generation serotonergic neuroplastogen therapeutics.
Alterome Therapeutics: The company raised an estimated $35.3 million of Series A2 venture funding in a deal led by OrbiMed and Colt Ventures on November 2, 2022, putting the company’s pre-money valuation at $140 million. Nextech Invest, Vida Ventures (Boston) and Boxer Capital also participated in the round. The company is a developer of biopharmaceutical therapies intended to develop alteration-specific targeted therapy.
BioSapien: The company raised $35 million of Series A venture funding from SOSV, IndieBio and North West Quadrant Ventures on November 1, 2022. The company is a developer of an advanced printed drug delivery platform intended to deliver drugs in a localized, sustained manner for cancer indications with reduced systemic side effects.
hC Bioscience: The company raised $24 million of Series A venture funding from Takeda Ventures, 8VC and ARCH Venture Partners on December 17, 2021, putting the company’s pre-money valuation at $9.6 million. The company is a developer of engineered tRNAs designed to overcome disease-causing issues in the genetic code as proteins are made.
Elicio Therapeutics: The company raised $22.0 million of venture funding from undisclosed investors on November 2, 2022. The company is a developer of novel immunotherapies and vaccines designed to facilitate the treatment of cancer and other diseases.
TrueBinding: The company raised $20.1 million of venture funding in the form of convertible debt from undisclosed investors on November 3, 2022. The company is a developer of antibody drugs designed for applications in Immuno oncology and other disease areas.
Rebus Biosystems: The company raised $17.8 million of venture funding from undisclosed investors on November 3, 2022. The company is a developer of an automated spatial omics platform designed to analyze cells at the molecular level while maintaining spatial context.
Axial3D: The company raised $15 million of venture funding in a deal led by Stratasys on November 2, 2022. The company is a developer of 3D medical technology designed to improve the access of clinicians by giving them easy access to software and services to bridge the gap between technology and medicine.
CV6 Therapeutics: The company raised GBP 5 million of venture funding from QUBIS, Techstart Ventures and Clarendon Fund Managers on November 2, 2022. Invest Northern Ireland also participated in the round. The company is a developer of novel combination therapies intended to treat cancer.
Dynamic Cell Therapies: The company closed on $5 million of an undisclosed targeted amount of venture funding from Atossa Therapeutics on November 1, 2022. The company is a developer of next-generation CAR (Chimeric Antigen Receptor) T-cell therapies intended for the treatment of liquid and solid tumors.
CardioPrecision: The company raised an undisclosed amount of venture funding in a deal led by Scottish Enterprise, Discovery Investment Fund and London & Scottish Investment Partners on October 31, 2022. Scottish Health Innovations also participated in the round. The company is a developer of medical devices intended to make cardiothoracic procedures minimally invasive.
InterAx: The company raised an undisclosed amount of venture funding from Convergence Partners in November 2022. The company is a developer of a drug discovery platform created to reduce the time and costs for the discovery and development of new drugs for a wide array of human diseases.
Medicool Technologies: The company raised an undisclosed amount of venture funding from Mayo Clinic Ventures in November 2022. The company is a developer of novel painless therapies designed to treat dangerous cardiac arrhythmias and other disorders.
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M&A Transactions
The Binding Site / Thermo Fisher Scientific: The company reached a definitive agreement to be acquired by Thermo Fisher Scientific for GBP 2.25 billion on October 31, 2022. The company is a manufacturer of medical diagnostic products focused on the detection of cancers and immune disorders.
Immucor / Werfen Life Group: The company reached a definitive agreement to be acquired by Werfen Life Group for $2 billion on November 3, 2022. The company is a manufacturer of transfusion and transplantation diagnostic products designed to provide an optimal match for patients who are in need of blood or an organ.
Charles River Laboratories / Undisclosed Investor: Charles River Laboratories International reached a definitive agreement to sell its avian vaccine business to an undisclosed investor for $200 million on November 2, 2022. The company is a manufacturer of vaccine products and services designed for poultry.
Gateway Genomics / Myriad Genetics: The company was acquired by Myriad Genetics for $67.5 million on November 1, 2022. The company is a developer and provider of genetic-based tests.
Abiomed / Johnson & Johnson: The company reached a definitive agreement to be acquired by Johnson & Johnson for a potential $16.6 billion on November 1, 2022. Abiomed Inc provides temporary mechanical circulatory support devices that are primarily used by interventional cardiologists and heart surgeons.
AeroDPC / Hint Health: The company was acquired by Hint Health for an undisclosed amount on November 1, 2022. The company is a developer of practice management software intended for direct primary care physicians.
Catalyst UX / Trivest Partners: The company was acquired by Unosquare, via its financial sponsor Trivest Partners, through an LBO on October 31, 2022 for an undisclosed amount. The company is an operator of a UX design and development firm committed to providing on digital solutions for medical and life sciences.
Celerion / H.I.G. Capital: The company was acquired by H.I.G. Capital through an LBO on November 3, 2022 for an undisclosed amount. The company is a provider of clinical research and bio-analytical services to pharmaceutical companies.
Citeline / Nortsella: The company was acquired by Norstella, via its financial sponsors Ardan Equity, HG Capital and Welsh, Carson, Anderson & Stowe, through an LBO on November 1, 2022 for an undisclosed amount. The company is a provider of specialist intelligence, data and software for clinical trials, drug development and regulatory compliance catering to global pharma and life sciences analytics markets.
Heart & Lung Health / RadNet: The company was acquired by RadNet, a subsidiary of Siemens, for an undisclosed amount on November 2, 2022. The company is a provider of diagnoses of lung and cardiac conditions intended to deliver accurate and early diagnosis.
IniXium / NuChem Sciences: The company was acquired by NuChem Sciences, via its financial sponsors Fonds de solidarité FTQ, BDC Capital and Investissement Québec, through an LBO on October 31, 2022 for an undisclosed amount. The company is a provider of contract research services intended for the pharmaceutical and biotechnology industry.
KabaFusion / Novo Holdings: The company was acquired by Novo Holdings through an LBO on November 2, 2022 for an undisclosed amount. The company is a provider of specialty pharmaceutical home infusion services.
Medtec Medizintechnik / Lifco: The company was acquired by Lifco, a subsidiary of Carl Bennet, for an undisclosed amount on November 2, 2022. The company is a provider of therapeutically used nuclear magnetic resonance technology for musculoskeletal diseases and injuries.
OnCall Health / Qualifacts Systems: The company was acquired by Qualifacts Systems, via its financial sponsors Martis Capital and Warburg Pincus, through an LBO on October 31, 2022 for an undisclosed amount. The company is a developer of healthcare software designed to launch and scale virtual care programs.
TECHNOLOGY
Private Placement / Financing Transactions
Bright Machines: The company raised $132 million of venture funding in a combination of debt and series B venture funding on October 31, 2022. The equity round was led by Eclipse Ventures and other undisclosed investors also participated in the round. The company is a provider of automation software designed to assist businesses to meet the growing demands of manufacturing.
Alation: The company raised $123 million of Series E venture funding in a deal led by Thoma Bravo, Costanoa Ventures and Sanabil Investments on November 2, 2022, putting the company’s pre-money valuation at $1.6 billion. Dell Technologies Capital, Databricks Ventures, Hewlett Packard Enterprise and 6 other investors also participated in the round. The company is a developer of an enterprise collaborative data platform designed to find, understand and use data.
Project44: The company raised $80 million of venture funding in a deal led by Generation Investment Management and A.P. Moller Holding on November 3, 2022, putting the company’s pre-money valuation at $2.62 billion. CMA CGM, TPG, Emergence Capital Partners, Chicago Ventures, Omidyar Technology Ventures, 8VC, Sapphire Ventures, Sozo Ventures and Goldman Sachs Asset Management also participated in the round. The company is a developer of a logistics technology platform designed to digitize the shipment life cycle.
eleQtron: The company raised an estimated EUR 50 million of venture funding from SiegerlandFonds and Earlybird Venture Capital on November 1, 2022. The company is a developer of quantum computers intended to solve problems in chemistry, life sciences, logistics, and finance.
Wonder Inventions: The company raised $30 million of Series A venture funding in a deal led by IVP on November 2, 2022. The company is a developer of a dynamic music engine platform intended to solve the demand problem for video content, which often relies on stock music.
Orum: The company raised $22 million of Series B venture funding in a deal led by Tribe Capital on November 2, 2022. Unusual Ventures and Craft Ventures also participated in the round. The company is a developer of enterprise software intended to help businesses increase sales.
MAD: The company raised $21.2 million of venture funding from undisclosed investors on November 1, 2022. The company is a developer of a cloud-based artificial intelligence platform designed to build models of generalizable intelligence and create actionable ways to contextualize AI on a scale.
Way: The company raised $20 million of Series A venture funding in a deal led by Tiger Global Management on November 1, 2022, putting the company’s pre-money valuation at $80 million. Side Door Ventures, Derive Ventures and MSD Capital also participated in the round. The company is a developer of a brand activation platform designed to create, curate, and launch brand experiences and events.
Galileo: The company raised $18 million of Series A venture funding in a deal led by Battery Ventures on November 1, 2022, putting the company’s pre-money valuation at $55 million. Walden Catalyst and 5 other investors also participated in the round. The company is a developer of a data intelligence platform designed for machine learning.
Definitive: The company raised $15.0 million of venture funding from undisclosed investors on November 2, 2022. The company is a developer of end-to-end insights and a user acquisition platform designed to get instant insights about project growth.
Breef: The company raised $13.8 million of venture funding from undisclosed investors on November 3, 2022. The company is an operator of an ad agency outsourcing platform intended to connect advertising agencies with brands.
Vizit: The company raised $10 million of Series A venture funding from Lubar & Co., Infinity Ventures Capital and Brand Foundry Ventures on November 1, 2022. Lakefront Asset Management also participated in the round. The company is a developer of an AI image analytics software intended to provide a unique and patented deep learning AI-powered SaaS platform.
Cinemersive Labs: The company raised an undisclosed amount of venture funding from LSG Holdings in November 2022. The company is a developer of virtual and audio-reality technology intended to bring the next generation of immersive three-dimensional videos into virtual reality.
CY Vision: The company raised an undisclosed amount of venture funding from Turkey Development Fund in November 2022. The company is a developer of software-based holographic display technology designed to deliver augmented reality experiences that meet the challenges of difficult vehicular environments.
DigitalGenius: The company raised an undisclosed amount of venture funding from The FSE Group in November 2022. The company is a developer of a customer service automation platform designed to bring practical applications of deep learning and artificial intelligence into customer service operations.
Geosite: The company raised an undisclosed amount of venture funding from QBE Ventures on October 31, 2022. The company is an operator of a data aggregation platform intended to provide geospatial information.
Suno: The company raised an undisclosed amount of venture funding from Founder Collective and New Orleans Business Alliance approximately in November 2022. The company is a developer of an audio artificial intelligence data platform intended to make quality training data broadly accessible.
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M&A Transactions
QinetiQ Space / Redwire: The company, a subsidiary of QinetiQ, was acquired by Redwire for EUR 32 million on November 1, 2022. The company is a provider of small space systems intended for civil and commercial space customers.
Nestwave / NextNav: The company was acquired by NextNav for $19.3 million on October 31, 2022. The company is a developer of geolocation solutions designed to improve location accuracy and reliability.
[M] MEDIA / Azerion: The company was acquired by Azerion on an undisclosed date. The company is a provider of sports and automotive content intended to create a network of titles in the field of sports.
Boulder Media / Princess Pictures: The company was acquired by Princess Pictures for an undisclosed amount on November 2, 2022. The company is an operator of an animation studio intended to be the creative partner for features, high-end television shows, and creating original content.
Brain Technologies / InspireXT: The company was acquired by InspireXT for an undisclosed amount on November 3, 2022. The company is a developer of an artificial intelligence-powered search engine platform designed to improve human-computer interaction.
CarLabs.ai / Impel: The company was acquired by Impel for an undisclosed amount on November 1, 2022. The company is a developer of a conversational marketing platform designed to automate and personalize sales and customer service via chat on social messaging channels.
Complex Games / Frontier Developments: The company was acquired by Frontier Developments for an undisclosed amount on November 2, 2022. The company is an operator of a mobile game development studio designed to build games for other companies.
Curve Media / Night Train Media: The company was acquired by Night Train Media, via its financial sponsor Serafin Unternehmensgruppe, through an LBO on November 2, 2022 for an undisclosed amount. The company is a producer of motion pictures focused on television.
Digital Gaming / Undisclosed Investor: The company reached a definitive agreement to be acquired for an undisclosed amount on November 4, 2022. The company is a developer of gaming software designed to offer cutting-edge adaptable software to drive a multi-channel gaming world.
DirectScale / Exigo Office: The company was acquired by Exigo Office, via its financial sponsors Stellus Private Credit BDC, Stellus Capital Investment Corporation BDC and Gauge Capital, through an LBO on October 31, 2022 for an undisclosed amount. The company is a developer of influencer marketing and MLM (Multi-Level Marketing) software designed to provide easy-to-build scale influencer and direct selling channels regardless of the sales model or size of the business.
Disruptel / Samba TV: The company was acquired by Samba TV for an undisclosed amount on November 4, 2022. The company is a developer of a cloud platform designed to recognize on-screen content and provide an on-demand second-screen interface.
MediaStar Systems / Uniquest: The company was acquired by Uniguest, via its financial sponsors Ocean Avenue Capital Partners, Ebridge Ventures and Atlantic Street Capital, through an LBO on November 2, 2022 for an undisclosed amount. The company is a manufacturer of IPTV and AVoIP, streaming and digital signage intended to serve the professional AV industry.
Pixlee TurnTo / Emplifi: The company was acquired by Emplifi, via its financial sponsors Sixth Street Partners, LionTree and Audax Group, through an LBO on November 1, 2022 for an undisclosed amount. The company is a developer of marketing software designed to promote brands with the voice of their own customers.
PlayoutONE / Aiir: The company reached a definitive agreement to be acquired by Aiir (Online Services) for an undisclosed amount on November 1, 2022. The company is an operator of a broadcast operations software company intended to serve the radio industry.
RightsTrade / Cinelytic: The company was acquired by Cinelytic for an undisclosed amount on November 1, 2022. The company is a developer of an online marketplace designed to offer film, television, and digital rights licensing services.
SeeQuestor / Gorilla: The company reached a definitive agreement to be acquired by Gorilla for an undisclosed amount on November 3, 2022. The company is a developer of video processing devices designed to be used for video analysis for security purposes.
SouthPigalle / Metyis: The company was acquired by Metyis for an undisclosed amount on October 31, 2022. The company is a developer of a conversation technology platform intended to simplify machine learning and data science capabilities to power conversations and automatization.
Spatial Acuity / Bowman Consulting: The company reached a definitive agreement to be acquired by Bowman Consulting for an undisclosed amount as of November 1, 2022. The company is a provider of 3D modeling and reality capture services intended to serve both domestic and international clients based out of Texas, United States.
Spinitar / Solutionz Conferencing: The company was acquired by Solutionz Conferencing, via its financial sponsor Fernandez Holdings, through an LBO on November 2, 2022 for an undisclosed amount. The company is a provider of audiovisual and communication technology to create a customized, unified customer experience.
Spry Fox / Netflix: The company was acquired by Netflix for an undisclosed amount on November 1, 2022. The company is a developer of online and downloadable video games located in Kirkland, Washington.
Veranda Entertainment / H Code Media: The company was acquired by H Code Media, via its financial sponsors Falfurrias Capital Partners and Maranon Capital, through an LBO on November 1, 2022 for an undisclosed amount. The company is a provider of entertainment services based in Santa Monica, California.
Vibely / Kajabi: The company was acquired by Kajabi, via its financial sponsors Meritech Capital Partners, Owl Rock Capital Group, Spectrum Equity, StepStone Group, Tidemark, Tiger Global Management and TPG, through an LBO on November 1, 2022 for an undisclosed amount. The company is a developer of a social networking platform designed to create communities and make friendships.
Source: Pitchbook Data, Inc.
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