Illustration: Brendan Lynch/Axios
Venture Capital
• Cambium, an El Segundo, Calif.-based maker of advanced materials for defense and aerospace, raised $100m in Series B funding led by 8VC, with participation from MVP Ventures, Lockheed Martin Ventures, GSBackers, Veteran Ventures Capital, J17 Ventures, Vanderbilt University, Alumni Ventures, Gaingels, Inevitable Ventures, JACS Capital, and Jackson Moses. Go deeper
• Linker Vision, a Taipei-based AI software startup, raised $35m in Series A funding led by Abico Group, with participation from Nvidia, Yun-Hsien Enterprise, CIDC Co., Hotung Venture Group, ITIC's Noah GT Fund, ChangHwa Bank Venture, and Yuanta Venture. Go deeper
🌎 Filtrabit, a Finnish filtration provider for heavy industry, raised €2m from Ajanta Innovations. Go deeper
Private Equity
• Frontline Road Safety, a portfolio company of Bain Capital, acquired Surface Preparation Technologies, a New Kingstown, Penn.-based provider of rumble strips and related roadway safety products, from Dominus Capital. Go deeper
🚑 Healthcare Holding Schweiz, backed by Winterberg Advisory and KKA Partners, acquired a majority stake in Sevika Medical, a Swiss distributor of orthopedic products. Go deeper
• Madison Dearborn Partners invested in Atlanta-based accounting firm Nichols Cauley as part of its merger with insurance brokerage Partners Risk Services and transactions advisory firm JGH Consulting. Go deeper
• Point Broadband, backed by GTCR and Berkshire Partners, agreed to combine with Clearwave Fiber, a provider of fiber internet services in the Southeast and Midwest that was formed by Cable One, GTCR, The Pritzker Organization, and Stephens Capital Partners. Go deeper
• White Cap, backed by CD&R, acquired VoidForm Products, a Fort Worth, Texas-based manufacturer of products to protect concrete structures, from Argonaut Private Equity. Go deeper
Liquidity
• W. L. Gore & Associates agreed to acquire Conformal Medical, a Nashua, N.H.-based heart implant developer that had raised over $130m from firms like Sprig Equity, Catalyst Health Ventures and Ropart Asset Management. Go deeper
It's Personnel
🚑 Avista Healthcare Partners promoted Ryan Moran and Garrett Lustig to partners and Elaine Tang to principal. Go deeper
• Bill Ryan joined Carlyle as a managing director and head of retirement solutions. He previously was with NEPC. Go deeper
• Spectrum Equity promoted Michael Radonich and Matt Neidlinger to managing directors; Mark Bellis to deputy general counsel; and Emily Fox to principal of market research and investment operations. spectrumequity.com
• Urban Innovation Fund promoted Andrew Felbinger to partner. Go deeper
Odds & Ends
⚡️The U.S. Energy Dept is awarding $900m each to nuclear fuel producers Centrus Energy, General Matter and an Orano subsidiary, per Bloomberg. Go deeper
💊 Servier, a French pharma company, will pay $32m in a combination of upfront and R&D payments to AI biotech Insilico Medicine to find and create new cancer drugs. The total deal could top $900m. Go deeper
Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Chris Metinko, Dan Primack, and Aaron Weitzman contributed to this report.
