Five Arrows, the European private equity arm of Rothschild & Co, agreed to acquire a majority stake in n2y, a provider of comprehensive, technology-powered solutions for students with unique learning challenges, from Providence Equity Partners, a private equity firm. Financial terms were not disclosed.
"At n2y, we believe 'Everyone Can Learn'. That mission motivates us to help unique learners achieve and to empower the educators, support staff and parents who are guiding them to independence. We're thrilled that Five Arrows believes in n2y's mission and wants to further our impact across the US and beyond. With their deep global experience in educational technology and long-term investment perspective, Five Arrows was our partner of choice to help us broaden our platform's solution offerings, untap new markets and expand our reach to impact even more children. We are grateful for Providence's support and are pleased they will remain investors," Ed Holmes, n2y CEO.
n2y is advised by Robert W Baird and Weil Gotshal and Manges. Five Arrows is advised by Rothschild & Co, William Blair & Co, Debevoise & Plimpton and Shoosmiths.
Red Bird-backed SAR Trilogy Management, a private equity firm based in Windermere, Florida, completed the acquisition of Epps Aviation, a fixed base operator. Financial terms were not disclosed.
"The Epps family has known the founders of SAR Trilogy Management for almost two decades; we know they appreciate the legacy of Epps Aviation. Michael and Sanjay are hands-on owners with a commitment to customers, safety, and an integrated FBO business model. They are the right team to build on what our father started more than 50 years ago," Elaine Epps, Epps CEO.
SAR Trilogy Management was advised by Moxie Communications Group.
Bain Capital, an American private investment firm, led a $215m Series F round in HeartFlow, a precision heart care company, with participation from Janus Henderson Investors, Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP and Wellington Management.
"HeartFlow has built a strong intellectual property portfolio, brought to market the only combined anatomy, physiology, and plaque analysis to help diagnose and treat heart disease, and is now in over 725 hospital systems worldwide with over 180k patients served to date. The oversubscription of our Series F funding round, particularly in the current market backdrop, is a strong validation of our technology, our team, and the opportunity in front of us. We appreciate the support of our investors, both existing and new, who share HeartFlow's vision to build a new standard of care for people at risk of heart disease," John Farquhar, HeartFlow CEO.
HeartFlow was advised by JP Morgan.
Aterian Investment Partners-backed Vander-Bend Manufacturing, a developer and provider of design, prototype, manufacturing and assembly solutions for global medical technology, completed the acquisition of Omni Components, a precision manufacturer and service provider of tight tolerance consumable medical products. Financial terms were not disclosed.
"This strategic acquisition broadens Vander-Bend's customer base, capabilities, and strategically positions us near key MedTech innovation hubs, while adding two new facilities. We are enthusiastic about working with Frank and the entire Omni team, while fostering collaborative relationships with new medical OEMs to support scalable growth," Rich Rivard, Vander-Bend Chief Commercial Officer.
Aterian Investment Partners was advised by Weil Gotshal and Manges.
Xalles, a fintech holding company providing technology and financial services solutions, completed the acquisition of Appy Perks, a software-as-a-service company. Financial terms were not disclosed.
"We are pleased to announce that Appy Perks is joining the Xalles Financial Services group. This is a strategic acquisition for Xalles that complements the work being done in existing subsidiaries of the Global Savings Network and the Loyalty Superstore," Thomas Nash, Xalles Holdings CEO.
NV5, a provider of professional and technical engineering and consulting solutions, completed the acquisition of the geospatial software business from L3Harris, an American technology company. Financial terms were not disclosed.
“This acquisition supports NV5’s expansion in a subscription-based geospatial product and service model and strengthens our role in supporting the nation’s defense and intelligence communities through geospatial information management and analytics. As the only provider of software solutions to analyze over 200 geospatial data types and comprehensive in-house LiDAR, topobathymetric LiDAR, and full ocean depth sonar capabilities, NV5 has built a distinct competitive advantage and robust platform to support accelerated organic growth,” Dickerson Wright, NV5 Chairman and CEO.
Bunge, a global company in agribusiness, food and ingredients, agreed to acquire Avondale Terminal, a port-based refinery, from Fuji Oil, a company that deals with food ingredients. Financial terms were not disclosed.
“This acquisition delivers on our long-term strategy to expand our value-added oils business by accelerating reach across North America. This facility will connect with our existing footprint and enable Bunge to better serve our customers,” Aaron Buettner, Bunge President of Food Solutions.
Medical Specialists of the Palm Beaches, a primary care-focused, multi-specialty physician group practice, completed the acquisition of Palm Beach Digestive Associates, a premier gastroenterology practice and colonoscopy clinic. Financial terms were not disclosed.
"PBDA has long been known for its exceptional patient care and highly skilled team of gastroenterologists, so it is with pride that we welcome them to the MSPB team. With the addition of PBDA, we will significantly enhance the services we provide to our patients, strengthening our commitment to providing best-in-class healthcare to our community," Casey Waters, Medical Specialists of the Palm Beaches CEO.
Dokkaebier, an Asian-inspired craft brewery, completed the acquisition of Federation Brewing, an Oakland craft brewery. Financial terms were not disclosed.
“We are excited to join forces with Youngwon and Dokkaebier. Dokkaebier shares our commitment to advancing diversity, equity and inclusion in the beer industry and will help extend our legacy as a community-oriented brewery. Most importantly, the beer is amazing,” Aram Cretan, Federation Brewing Co-Founder.
San Quirico, an investment holding, completed a €500m ($546m) investment in Minerva Hub, a provider of items for the high-end fashion sector.
This operation will allow MinervaHub's accelerated development thanks to financial, commercial and manufacturing synergies. The plan is to continue to expand MinervaHub through additional mergers and acquisitions strengthening its production capacity and expand its product portfolio.
Xenon Private Equity was advised by Rothschild & Co.
Emirates Telecommunications, an Emirati-based multinational telecommunications services provider, agreed to acquire a 50.3% stake in the Careem super app from Uber, a global mobility company, for $400m.
This investment is in line with e &'s strategic ambition of scaling up consumer digital offerings and accelerating its transformation to a global technology and investments group. It provides e& with access to multiple digital verticals, new innovative digital services, strong talent, and new geographies.
Online vitamins retailer Sunday Natural explores sale.
Sunday Natural, an online retailer that makes nutrition products including vitamins and food supplements, is exploring options including a possible sale, Reuters
Germany-based Sunday Natural is working with US boutique investment bank Houlihan Lokey on a possible sale that could value the company between $655m and $872m.