Pro Rata Premium: First Look

Venture Capital

⚡ PetroApp, a Riyadh, Saudi Arabia-based maker of fuel management software, raised $50m led by Jadwa Investment with participation from Bunat Ventures. Go deeper

• Filics, a German warehouse robotics startup, raised €13.5m from Sandwater, Alven, F-Log Ventures, Amazon Industrial Innovation Fund, Bayern Kapital, Capnamic, and 10x Founders. Go deeper

• Kuru, a trading platform built on the Monad blockchain, raised $11.6m in Series A funding led by Paradigm. Go deeper

🌎 Chloris Geospatial, a Boston-based satellite forest monitoring startup, raised an $8.5m Series A round led by Future Energy Ventures and including AXA IM Alts, At One Ventures, Cisco Foundation, Counteract, and Orbia Ventures. Go deeper

• Pimloc, a London-based AI video privacy platform, raised $5m from Amadeus Capital Partners, Edge Ventures, Zetta Venture Partners, MD One, and Symvan Capital. Go deeper

Private Equity

🌎 Alliance Technical Group, backed by Morgan Stanley Investment Management, acquired ESC Spectrum, an Austin, Texas-based provider of continuous emissions monitoring systems and data acquisition systems. alliancetg.com

• Axis Insurance, backed by Lee Equity Partners, acquired Canadian commercial insurer JT Insurance Services. axisinsurance.ca

• The Chamberlain Group, backed by Blackstone, agreed to acquire Arrow Tru-Line, a maker of overhead garage door hardware components, from MiddleGround Capital. Go deeper

🚑 Development Partners International and co-investors agreed to invest $190m in Alameda Healthcare, an Egypt-based private health care group. Go deeper

• Summit Partners invested in Quorso Global, a London-based maker of retailer software. Go deeper

🚑 Team Technologies, backed by Arlington Capital Partners, acquired Duke Empirical, a Morgan Hill, Calif.-based maker of cardio-focused medical devices. teamtech.com

• TPG completed its $1.1b purchase of Sabre's (Nasdaq: SABR) hospitality solutions. Go deeper

Public Listings

• Chenghe Acquisition III, a SPAC targeting businesses with an Asia presence, filed for a $110m IPO. Go deeper

• Emmis Acquisition, a SPAC targeting services, manufacturing, and distribution businesses, filed for a $100m IPO. Go deeper

Liquidity

• Advent International hired Rothschild to find a buyer for the public security unit of French biometrics firm Idemia, per Bloomberg. Go deeper

M&A

• Chevron is preparing to close its $60 billion acquisition of Hess, per Reuters. Go deeper

• Royal Gold (Nasdaq: RGLD) agreed to acquire metals royalties company Sandstorm Gold (TSX: SSL) for $3.5b. Go deeper

🌎 Miraterra, a British Columbia-based soil and plant data startup, has acquired agtech startup Trace Genomics. Go deeper

• Wabtec (NYSE:WAB) agreed to acquire Frauscher Sensor Technology Group, which specializes in train detection, wayside object control solutions and axle counting systems, from Delachaux Group for €675m. Go deeper

Odd & Ends

💊 Théa, a French eye care company, is paying San Diego biotech Lenz Therapeutics $70 million in upfront and milestone payments to license its near vision improvement eye drop. lenz-tx.com

🌎 Activate, the Berkeley, Calif.-based climate accelerator, announced 47 new fellows for its 11th cohort. Go deeper

It's Personnel

• Nick Stevenson joined SMBC as a managing director and head of TMT corporate and investment banking. He previously was with RBC. smbcgroup.com

• Dinkar S. Bhatia and Rachel Lappin Scheinman have joined X-energy as chief commercial officer and chief human capital officer, respectively. Go deeper

- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, and Dan Primack contributed to this report.