New State Capital Partners-backed Hudson Glade, a private investment firm, completed the acquisition of ComNet Communications, a telecommunications company, according to press releases. Financial terms were not disclosed.
New State Capital Partners was advised by Lambert & Co (led by
Joanne Lessner and
Caroline Luz). Hudson Glade was advised by Troutman Pepper Locke and Gasthalter & Co (led by
Nathaniel Garnick). Debt financing was provided by Energy Impact Partners and GarMark Partners, according to press releases.
SageSure, a US-based managing general underwriter specializing in catastrophe-exposed property, agreed to acquire Gemini Financial, a premiere investment company, and Olympus Insurance Company, an insurance company, according to press releases. Financial terms were not disclosed.
SageSure is advised by Goldman Sachs, Willkie Farr & Gallagher and Walker Sands Communications. Gemini Financial is advised by Evercore and Eversheds Sutherland, according to press releases.
Ariel Alternatives, a private asset management firm, completed the acquisition of Groome Industrial Service Group, a nationwide provider of specialty maintenance services, from Argosy Private Equity, a private equity firm, according to press releases. Financial terms were not disclosed.
Groome Industrial Service Group was advised by Robert W Baird. Ariel Alternatives was advised by Massumi + Consoli, according to press releases.
GenNx360 Capital Partners-backed Shenandoah, a provider of underground infrastructure services, completed the acquisition of Nu-Pipe, a provider of pipe rehabilitation, according to press releases. Financial terms were not disclosed.
GenNx360 Capital and Shenandoah were advised by Winston & Strawn, according to press releases.
AEA Investors, a middle market private equity firm, and British Columbia Investment Management Corporation, an investment management firm, completed the acquisition of Pave America, a commercial paving maintenance services provider, from private equity firm Trivest Partners and Shoreline Equity Partners, according to press releases. Financial terms were not disclosed.
AEA Investors was advised by Joele Frank (led by
Kate Thompson), according to press releases.
BharCap Partners, a private investment firm, completed the investment in GCG Advisory Partners, a financial advisory firm, according to press releases. Financial terms were not disclosed.
Pro-Vision, a mobile video technology company, completed the acquisition of Spartan Radar, a software company, according to press releases. Financial terms were not disclosed.
Bertram Capital-backed Ridgeline Roofing & Restoration, a provider of residential and commercial roofing solutions, completed the acquisition of Kenneth Daniel Roofing, a roofing contractor, according to press releases. Financial terms were not disclosed.
BlackRock, a venture capital firm, led a $1bn Series E round in PsiQuantum, a quantum computing firm, with participation from Temasek, Baillie Gifford, and Nvidia, according to Reuters.
Klarna, investors raise $1.4bn in above-range IPO. (
Bloomberg)
Klarna and several of its shareholders have raised $1.4bn in an initial public offering priced above the marketed range, marking a strong start to what is expected to be one of the busiest weeks for US listings this year.
The fintech firm and its backers sold 34m shares at $40 each, the company said on September 9. The pricing gives Klarna a market valuation of about $15.1bn based on outstanding shares.
Gemini Boosts US IPO target to $433m after strong demand. (
Bloomberg)
Gemini Space Station, the cryptocurrency exchange founded by billionaire twins Cameron and Tyler Winklevoss, has raised the size of its planned US initial public offering to $433m following strong investor demand and a private placement from another exchange operator.
According to a 9 September filing with the US Securities and Exchange Commission, the company increased its price range to $24–$26 per share, up from the earlier $17–$19 range, while keeping the offering at 16.7m shares.
E-commerce company Pattern seeks as much as $2.6bn valuation in US listing. (
Reuters)
Pattern is seeking a valuation of up to $2.64bn in its US initial public offering, the e-commerce firm said on 10 September, underscoring renewed momentum in the listings market.
Following an April slowdown tied to tariff concerns, improved trade prospects and strong investor demand have helped restore confidence in IPO activity. The Lehi, Utah-based company, together with some of its existing shareholders, plans to offer 21.4m shares at a price range of $13 to $15 each, aiming to raise as much as $321m.
