Read on...
Scroll down to read deal descriptions. Your suggestions and comments support the democratisation of M&A data. If you'd like to contribute to the future editions, drop us a line.
AMERICAS
Bain Capital, a private investment firm, completed the acquisition of Envestnet, an American financial technology corporation, for $4.5bn.
Envestnet was advised by Morgan Stanley and Paul Weiss Rifkind Wharton & Garrison (led by Andre G. Bouchard and Benjamin Goodchild). Bain Capital was advised by BMO Capital Markets, Barclays, JP Morgan, RBC Capital Markets, Ropes & Gray (led by Thomas Holden) and Stanton PRM (led by Charlyn Lusk and Scott Lessne). Debt financing was provided by Ares Management, BMO Capital Markets, Barclays, Benefit Street Partners, Blue Owl, Goldman Sachs and RBC Capital Markets. Debt providers were advised by Paul Hastings (led by David Barash).
Novo is set to gain unconditional EU antitrust approval for its planned $16.5bn takeover of US contract drug maker Catalent, clearing a key hurdle, Reuters reported.
Catalent is preparing senior management for the deal to go through.
Nordic Capital, an experienced private equity investor in Technology & Payments globally, agreed to acquire Anaqua, a provider of innovation and intellectual property management technology solutions and services, from Astorg Partners, a private equity firm. Financial terms were not disclosed.
This acquisition would support Anaqua's global expansion and strengthen its market position by continuing to invest in its best-in-class software platform and enhancing its operational capabilities.
Nordic Capital is advised by William Blair & Co and Brunswick Group. Astorg is advised by Arma Partners, Jefferies & Company, Latham & Watkins, Prosek Partners and Steele and Holt.
Haveli Investments, an Austin-based technology-focused private equity firm with deep expertise in enterprise software, completed the acquisition of a majority stake in AppViewX, a certificate lifecycle management automation solution provider. Financial terms were not disclosed.
AppViewX was advised by Piper Sandler and Paul Weiss Rifkind Wharton & Garrison. Haveli Investments was advised by Evercore, Ropes & Gray and Reevemark.
Novo is set to gain unconditional EU antitrust approval for its planned $16.5bn takeover of US contract drug maker Catalent, clearing a key hurdle, Reuters reported.
Catalent is preparing senior management for the deal to go through.
Acerinox, a global company in the manufacturing and distribution of stainless steel and high-performance alloys, completed the acquisition of Haynes International, a developer, manufacturer, and marketer of technologically advanced high-performance alloys, for $970m.
Haynes International was advised by Jefferies & Company and Kirkland & Ellis (led by David Klein and Allie Wein). Jefferies & Company was advised by Covington & Burling (led by J. D. Weinberg). Acerinox was advised by Goldman Sachs, Linklaters, Paul Weiss Rifkind Wharton & Garrison (led by Kyle Seifried and Scott Barshay) and Brunswick Group.
VRC Companies, a records and information management services provider, agreed to acquire Redishred Capital, a publicly traded investment company focused on the document shredding and recycling industry, for $68m.
Redishred Capital is advised by Cormark Securities, Stifel and Stewart McKelvey. VRC Companies is advised by Bank of America, Jefferies & Company, Kirkland & Ellis and Stikeman Elliott.
Investcorp, a Bahrain-based private equity firm, and PSP Investments, one of Canada's largest pension investment managers, agreed to acquire PKF O’Connor Davies, one of the largest privately owned tax and accounting partnerships in the US. Financial terms were not disclosed.
The deal is expected to help the New York-based accountancy firm acquire smaller rivals and invest heavily in its technology.
PKF O'Connor Davies is advised by Capstone Partners and Levenfeld Pearlstein. PSP Investment is advised by Weil Gotshal and Manges (led by Timothy Burns). Investcorp is advised by Gibson Dunn & Crutcher, McDermott Will & Emery and ICR (led by Brian Ruby).
TechPrint, a company specializing in high-quality printed graphics and electronic technologies, completed the merger with ARC Document, a provider of comprehensive solutions for graphic design, visual communications, document scanning, mobile digital document access, and managed print services, in a $220m deal.
ARC Document was advised by William Blair & Co, K&L Gates, Latham & Watkins and WilmerHale. TechPrint was advised by Houlihan Lokey and Loeb & Loeb.
GTCR, a private equity firm, agreed to invest $1.33bn in Tricentis, a continuous testing and quality engineering company.
Teleperformance, a digital business services provider, agreed to acquire ZP Better Together, a company providing language solutions and technology platforms to the deaf and hard of hearing community, from Kinderhook Industries, a private investment firm, for $490m.
Teleperformance is advised by Grant Thornton, Latham & Watkins and Image Sept. ZP is advised by Jefferies & Company.
Kingswood Capital, a private equity firm, completed the acquisition of IDX, a cybersecurity breach response platform, from ZeroFox, a cybersecurity company. Financial terms were not disclosed.
Kingswood Capital was advised by PJT Partners and McDermott Will & Emery. ZeroFox was advised by Evercore and Ropes & Gray (led by David Hutchins).
Paine Schwartz, a sustainable food chain investing company, completed the acquisition of Promix, a high-growth brand of high-quality protein mixes. Financial terms were not disclosed.
North Square-backed CS McKee, an institutional investment manager, agreed to acquire Foundry Partners, an independently owned value-oriented investment adviser. Financial terms were not disclosed.
North Square and CS McKee are advised by Kirkland & Ellis. Foundry Partners is advised by Buchanan Ingersoll & Rooney.
Haveli Investments, an Austin-based technology-focused private equity firm with deep expertise in enterprise software, completed the acquisition of a majority stake in AppViewX, a certificate lifecycle management automation solution provider. Financial terms were not disclosed.
AppViewX was advised by Piper Sandler and Paul Weiss Rifkind Wharton & Garrison. Haveli Investments was advised by Evercore, Ropes & Gray and Reevemark.
River Associates, a lower middle market private equity firm, completed the acquisition of ID Label, a manufacturer of variable information barcode labels and warehouse signage. Financial terms were not disclosed.
ID Label was advised by Mesirow Financial and Kilpatrick Townsend. River Associates was advised by Holland & Knight. Debt financing was provided by NXT Capital.
MidOcean Partners, a private equity firm, completed the acquisition of Arnott Industries, a manufacturer of aftermarket automotive air suspension. Financial terms were not disclosed.
Arnott Industries was advised by BMO Capital Markets, Piper Sandler and Baker McKenzie. MidOcean Partners was advised by Gibson Dunn & Crutcher.
Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed the acquisition of Fleet Equipment, a regional trailer dealership and leasing company. Financial terms were not disclosed.
Fleet Equipment was advised by Evans Petree. Stonepeak was advised by Jefferies & Company, Paul Weiss Rifkind Wharton & Garrison and Sidley Austin.
|
General Atlantic, a private equity firm, completed an investment in TA Associates-backed Technosylva, a provider of catastrophic event simulation modeling. Financial terms were not disclosed.
Technosylva is advised by Lazard. TA Associates is advised by Goodwin Procter. General Atlantic is advised by Paul Weiss Rifkind Wharton & Garrison.
Sentinel Capital Partners, an investment firm focusing on leveraged buyouts, mezzanine capital, management buyouts, corporate divestitures, industry consolidations, going-private transactions, and growth capital transactions, completed the acquisition of NSI Industries, a provider of branded electrical and HVAC products, from Oddysey Investment Partners, a middle-market private equity investment firm. Financial terms were not disclosed.
Oddysey Investment Partners was advised by Harris Williams, Latham & Watkins and Gasthalter & Co (led by Mark Semer).
Bain Capital, a private equity firm, completed the investment Oak Reinsurance, a global reinsurance company. Financial terms were not disclosed.
Odyssey Investment-backed Protective Industrial Products, a provider of a wide range of personal protective equipment, agreed to acquire the personal protective equipment Business from Honeywell, a multinational conglomerate, for $1.325bn.
PIP is advised by Gasthalter & Co (led by Mark Semer).
Xerox, a corporation that sells print and digital document products and services, completed the acquisition of ITsavvy, an Oak Brook, Illinois-based provider of integrated IT products and associated services, from GenNx360 Capital Partners, a private equity firm, for $400m.
ITsavvy was advised by Greenberg Traurig and Loeb & Loeb.
Prospero Staff Capital, a private equity vehicle, completed the acquisition of a majority stake in Roadrunner, a metro-to-metro less-than-truckload carrier, from Elliott Management, a fund manager. Financial terms were not disclosed.
Wynnchurch Capital-backed FloWorks, a specialty distributor of critical flow control products, completed the acquisition of Applied Controls, a provider of industrial process controls and analyzer systems. Financial terms were not disclosed.
FloWorks was advised by Foley & Lardner.
Fortress, an investment management company, completed the acquisition of Gyptech, a company specializing in design, construction, and commissioning of gypsum wallboard and asphalt-shingle manufacturing equipment and services. Financial terms were not disclosed.
Fortress was advised by Evercore and Moelis & Co.
H.I.G. Capital, a global alternative investment firm, completed the acquisition of Northwest Pump and Equipment, a provider of products and services to fueling stations, EV charging infrastructure and other industrial applications. Financial terms were not disclosed.
H.I.G. Capital was advised by D.A. Davidson & Co.
Avenue Sports, a multinational investment firm, completed the investment in Unrivaled, a professional women's 3-on-3 basketball league. Financial terms were not disclosed.
Avenue Sports was advised by Kekst CNC (led by Todd Fogarty).
Quad-C Management, a middle market private equity firm, completed the investment in Flow Service Partners, a provider of heating, ventilation, air-conditioning and refrigeration and plumbing services. Financial terms were not disclosed.
Flow Service was advised by Houlihan Lokey.
General Atlantic-backed BeyondNetZero, a growth equity fund, completed the investment in Ecore, a transformational rubber circularity company. Financial terms were not disclosed.
Altas, Leonard Green prepare for a $5bn sale of Tecta America.
The private equity owners of Tecta America Commercial Roofing are considering strategic options for the commercial roofing company, including a sale.
Altas Partners and Leonard Green & Partners have appointed advisers to solicit interest in the company, with the effort set to kick off early next year. The company, which is expected to attract interest from peers and other private equity firms, could be valued at $3bn to $4bn, Bloomberg reported.
Perella, Innovatus explore a $400m sale of auto lender Flagship Credit.
The owners of Flagship Credit Acceptance are exploring a sale of the auto-finance provider. Flagship Credit is held by funds affiliated with Perella Weinberg Partners Capital Management that are sub-advised by Innovatus Capital Partners, a firm formed by former Perella executives.
Perella, Innovatus are working with an adviser to solicit interest in the company, which could fetch around $400m in any deal. No final decisions have been made and a transaction may not materialize, Bloomberg reported.
Medline aims to raise over $5bn in 2025 IPO.
Private equity-owned Medline Industries, is aiming to raise more than $5bn in its US initial public offering expected to occur in 2025.
Northfield, Illinois-based Medline, which is owned by buyout firms Blackstone, The Carlyle Group, and Hellman & Friedman, has invited several investment banks to pitch for lead roles on what is likely to be one of the marquee IPOs next year. The stock market flotation could value the medical supplies provider at about $50bn and come as early as the second quarter, Reuters reported.
Citadel's Ken Griffin considers selling minority shares.
Ken Griffin said he would consider selling a piece of Citadel, the $65bn multistrategy hedge fund he founded in 1990. In the wide-ranging conversation, Griffin also discussed the kind of firm he might consider for such a partnership, ruled out the possibility of taking its sister market-making firm Citadel Securities public any time soon.
“We would be open to the possibility of selling a minority stake in Citadel at some point in the future,” Ken Griffin.
Bain Capital raises $5.7bn for global special situations.
Bain Capital raised $5.7bn for global special situations that will be deployed alongside the $3.3bn it previously raised for funds and affiliated vehicles in Asia and Europe, Bloomberg reported.
The latest fundraising includes capital for a new vehicle, Global Special Situations Fund II, as well as co-investments and separately managed accounts from investors including the New Mexico State Investment Council.
Levine Leichtman Capital successfully closes a $575m multi-asset continuation fund.
Levine Leichtman Capital Partners, a private equity firm, announced the closing of a $575m multi-asset continuation fund transaction. LLCP LMM Acquisition Fund was formed to acquire interests in three portfolio companies – Blue Ridge Associates, Milton Industries and Resolution Economics – from LLCP Lower Middle Market Fund. Hamilton Lane acted as lead investor and was supported by a diverse syndicate of institutional investors.
"We are appreciative of Hamilton Lane's support and are excited to continue our partnership with the management teams of Blue Ridge Associates, Milton Industries, and Resolution Economics. We're proud of the success each of these companies has achieved and are strong believers in their future prospects. With this transaction, we are happy to deliver full liquidity on an accelerated basis to our investors and fully-realize LMM II," Michael Weinberg, LLCP Managing Partner.
LLCP is advised by Robert W. Baird and Kirkland & Ellis.
BlackRock has reached a preliminary agreement to acquire HPS Investment Partners, a private credit firm.
The deal is expected to be valued at approximately $12bn, offering a significant premium over HPS’s $10bn post-IPO valuation. Both parties have agreed on key terms and plan to announce the agreement soon after the US Thanksgiving holiday.
EMEA
Achmea, an insurance and financial services provider, Lifetri, a Dutch insurance group, and Sixth Street, a global investment firm, agreed to form Achmea Pension & Life Insurance, a joint venture focused on pension and life insurance. Financial terms were not disclosed.
Achmea is advised by JP Morgan, PricewaterhouseCoopers and De Brauw Blackstone Westbroek (led by Arne Grimme and Mariska Enzerink). Sixth Street is advised by Milliman, Aperghis & Co, Bank of America, Deloitte, Cleary Gottlieb Steen & Hamilton, NautaDutilh and Stibbe. Lifetri is advised by SPJ Financial & Corporate Communications (led by Kees Jongsma).
Segro, a British property investment and development company based in London, announced that its £1.1bn ($1.4bn) all-share takeover offer for Tritax EuroBox, a property company investing in distribution centres across Europe, has lapsed.
Segro was outbid by Canadian investment firm Brookfield, which offered £1.1bn ($1.4bn) in cash.
Cinven, a private equity firm, agreed to acquire a majority stake in Grant Thornton UK, a diversified professional services firm offering audit, tax and advisory services in the UK. Financial terms were not disclosed.
Grant Thornton UK is advised by LEK Consulting, Ernst & Young, Rothschild & Co and DLA Piper. Cinven is advised by Oliver Wyman, Ernst & Young, Goldman Sachs, Freshfields Bruckhaus Deringer and Deloitte.
Fortress, an investment management company, agreed to acquire Loungers, a group that operates café bars, café restaurants, and roadside dining across the United Kingdom, for £350m ($442m).
Macquarie has put forward a proposal to acquire the waste management firm Renewi for £701m ($887m). This follows over a year after the asset manager's initial attempt to purchase the British company.
Apax Partners, a private equity firm, agreed to acquire professional services business of Evelyn Partners Group, a provider of wealth management, professional services, online investing and fund solutions. Financial terms were not disclosed.
Apax is advised by Jefferies & Company and Nomura. Evelyn Partners Group is advised by Evercore and Macfarlanes (led by Tom Rose).
KKR, a global investment firm, obtained Fuji Soft's recommendation for its takeover offer for the software developer.
Slate Asset Management, a global alternative investment platform, agreed to acquire Morrisons Regional Distribution Center, a distribution facility in the Southwest UK, from Aviva Investors, a British multinational insurance company. Financial terms were not disclosed.
Slate Asset Management is advised by Cushman & Wakefield, KPMG and Gowling WLG.
Frasers Group, a British retail, sport and intellectual property group, agreed to acquire Holdsport, a sports and outdoor goods retailer, from Old Mutual Private Equity, an investment firm. Financial terms were not disclosed.
Holdsport is advised by Investec. Frasers Group is advised by Nedbank and Brunswick Group (led by Rosie Oddy).
Goldman Sachs, a financial services provider, agreed to acquire Melita, a telecommunications company, from EQT, a private equity firm. Financial terms were not disclosed.
EQT is advised by UBS. Goldman Sachs is advised by Sullivan & Cromwell.
Amundi, a French asset management company, agreed to acquire aixigo, a software company in Aachen, Germany, for €149m ($157m).
"Institutions that are distributing saving products are increasingly looking for solutions and external partners that enable them to improve their operational efficiency, and enhance the quality, the speed and the personalization of the advice, services and products they offer," Valérie Baudson, Amundi CEO.
Regnology, a regulatory compliance company, agreed to acquire the regtech division from Charterhouse Capital-backed VERMEG, a provider of software solutions for the financial services industry. Financial terms were not disclosed.
Brookfield drops $6.8bn offer to buy drugmaker Grifols. (Bloomberg)
Brookfield has decided to withdraw its $6.8bn bid to acquire Spanish pharmaceutical company Grifols after being rejected by Grifols' board.
The transaction was expected to involve up to €10bn ($10.5bn) in debt financing. After deal cancellation the financing agreements were dissolved, causing banks to loss a potential $220m debt fee.
KKR, Mitsui OSK said among bidders in €1.5bn LBC Tank sale.
US private equity firm KKR & Co and Japanese shipping company Mitsui OSK Lines are among bidders for bulk liquid storage company LBC Tank Terminals.
VTTI Energy Partners is also considering making an offer, with indicative bids due in December. Several other infrastructure funds, buyout firms and companies may also make preliminary offers.
The sale could value the Netherlands-based company at more than €1.5bn ($1.6bn). APG Asset Management, Ardian and PGGM, which jointly own LBC Tank Terminals, have hired Macquarie Capital to handle the auction process, Bloomberg reported.
Advent resurrects €1bn sale of medical supplier Mediq. ( Bloomberg)
Private equity firm Advent International is reviving plans to sell Dutch medical supplier Mediq as the private equity firm looks to cash out from the business.
The US buyout firm is speaking to potential advisers and could seek a valuation of about €1bn ($1.1bn) for Utrecht-based Mediq. An auction process could be launched in the first half of next year.
PE firm Parcom mulls €1bn sale of Group of Butchers. (Bloomberg)
Parcom Capital Management is exploring the sale of Group of Butchers in a deal that could value the meat supplier at approximately €1bn ($1.1bn).
The Dutch private equity firm has enlisted JP Morgan Chase to advise on the potential sale, which may take place as early as next year. Parcom has engaged with other food and meat suppliers across the US, Europe, and Asia to gauge interest.
Apollo in talks to finance New York Sun-owner's £550m Telegraph bid. (Sky News)
Apollo Global Management, an American asset management firm, might help the owner of The New York Sun, Dovid Efune, finance a £550m ($691m) acquisition of The Daily Telegraph.
Efune emerged as the highest bidder for the British newspaper, surpassing several competitors and Apollo is planning to lend part of the money required needed to complete the deal.
Blackstone invests over €500m in Southern European hotels. ( FT)
Blackstone has invested over half a billion euros in hotels across Southern European vacation destinations over the past year, continuing to expand its extensive portfolio to capitalize on the post-pandemic tourism boom.
Blackstone has acquired the Grand Hyatt Athens from private real estate groups Henderson Park and Hines for €235m ($246m). The deal takes Blackstone’s total investment in hotels across Greece, Spain, Italy and Portugal over the past year to €500m ($524m).
Angelini Pharma reportedly in talks about merger with CVC’s Recordati. ( Bloomberg)
Italian drugmaker Angelini Pharma is exploring a merger with Recordati, owned by CVC Capital Partners, to create a larger European generic drugmaker.
Angelini and Recordati have been discussing the possibility of a deal that would create a larger European generic drugmaker. Private equity suitors’ interest in Recordati has waned.
Lattice Semiconductor considers offer for Intel’s Altera unit.
Lattice Semiconductor is considering making an offer for all of Intel’s Altera, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit.
Lattice is working with advisers and is seeking a private equity backer as it explores a potential bid. Buyout firms including Francisco Partners, Bain Capital and Silver Lake Management have also been studying offers to invest in Altera. Altera could also attract interest from other semiconductor companies.
Any attempt by Lattice to gain control of Altera might prove difficult, given the relatively small size of the acquirer. Lattice has a market value of $7.48bn, less than half what Intel would need to break even on the roughly $17bn it paid for Altera in 2015, Bloomberg reported.
Sweden’s Nalka is said to pick banks for healthcare unit IPO. (Bloomberg)
Swedish investment firm Nalka Invest AB is working with advisors on a potential listing of its majority-owned medical unit, Asker Healthcare Group.
Carnegie Investment Bank, Nordea Bank, and Citigroup are advising on the IPO, which is expected to take place in Sweden. Final details of the listing have yet to be confirmed, as discussions remain private.
Apse Capital announces closing of €350m continuation fund led by JP Morgan Asset Management.
On November 28, Apse Capital announced the successful closing of a €350m ($368m) continuation fund connected to the acquisition of three existing assets from its Bridge Fund.
The transaction was led by JP Morgan Asset Management and attracted a broad range of secondary and primary investors, including strong support from existing Apse limited partners.
APAC
Australia's competition regulator said it is seeking views on the Macquarie-backed telecommunications group Vocus' AUD5.25bn ($3.4bn) takeover of local telecom operator TPG Telecom's enterprise, government, and wholesale fixed business and fibre network assets, Reuters reported.
Macquarie and Aware Super-backed Vocus, an international telecommunications company headquartered in North Sydney, Australia, agreed to acquire the Enterprise, Government and Wholesale fixed business of TPG Telecom, an Australian telecommunications company, for AUD5.25bn ($3.4bn).
Vocus Group was advised by UBS and GRACosway (led by Ben Wilson).
Fortress Investment Group is reportedly considering acquiring an intermediate holding company that owns the Ito-Yokado supermarket chain from Seven & i.
Earlier reports from Kyodo News indicated that trading firm Sumitomo also plans to participate in the first round of bidding for shares in the holding company.
Affinity acquires two Southeast Asian companies in a $1.65bn deal. ( Reuters)
Hong Kong-based Affinity Equity Partners has acquired Jakarta-based gummy candy producer Yupi and another Southeast Asian company in deals worth $1.65bn.
Yupi, one of Asia’s largest gummy manufacturers, distributes its products globally. Affinity Equity bought Yupi for $1.2bn.
Seven & I founding family sounded out KKR and others about buyout.
The founding family of Seven & I, the parent company of 7-Eleven, has approached KKR & Co. and other investment firms about participating in the potential buyout of the retailer.
In addition to KKR, the founding Ito family also approached Bain Capital and Apollo Global Management due to the view it will be difficult to secure sufficient capital from banks. Funding for the proposed buyout will be finalized by the end of December and will involve Japan's three largest lenders.
PAG lines up $375m loan for firm’s largest India buyout. ( Bloomberg)
PAG, a major private equity firm based in Asia, has secured a $375m loan from Barclays, DBS Bank, Goldman Sachs and Standard Chartered to support its largest buyout deal in India.
The loan is structured to support the acquisition of Manjushree Technopack, largest provider of rigid plastic packaging, highlighting PAG's commitment to investing in key Asian markets.
Affinity is said to be in talks to buy Malaysian seafood supplier Golden Fresh.
Buyout firm Affinity Equity Partners is in talks to acquire Malaysian seafood supplier Golden Fresh.
Affinity is negotiating terms of a deal and could reach an agreement as soon as the coming weeks, the people said, asking not to be identified because the matter is private. A deal that could value Penang-based Golden Fresh at around RM1.3bn ($291m). There’s no certainty the deliberations will lead to a transaction and another buyer could still emerge, Bloomberg reported.
China Mobile is said to explore deal for HKBN.
China Mobile, the world’s largest wireless carrier by subscribers, is exploring a potential deal for Hong Kong broadband provider HKBN. as it looks to expand its footprint in the city, Bloomberg reported.
State-backed China Mobile has been holding discussions about a deal with HKBN’s major shareholders, buyout firms MBK Partners and TPG. It has indicated it’s willing to pay at least HKD5 ($0.64) per share for their holdings, which would value the company at more than HKD6.5Bbn ($835m).
China's Trustar raises $1bn for vehicle that holds McDonald's China stake.
Trustar Capital has raised $1bn for a continuation fund that will hold the Chinese private equity firm's controlling stake in McDonald's operations in mainland China and Hong Kong.
A continuation fund is a new vehicle created by a private equity firm to transfer holdings of existing investments. The concept has gained traction in Asia in recent years as PE firms' exit from companies via IPOs became challenging.
Sovereign wealth fund Qatar Investment Authority has committed the biggest amount to become the anchor investor in Trustar's continuation fund. Other investors in the $1bn continuation fund included Chinese sovereign fund China Investment Corporation and a number of Chinese yuan-denominated investors, Reuters reported.
Early-stage investor Stellaris Venture Partners closes third fund at $300m. (DealStreetAsia)
Stellaris Venture Partners, an early-stage investment firm and backer of Indian unicorns Mamaearth and Glance, has closed its third fund at $300m.
Founded in 2016, Stellaris specializes in technology-focused investments across diverse sectors, including SaaS, financial services, B2B commerce, consumer brands, social commerce, education, electric vehicles, and healthcare.
|