Illustration: Brendan Lynch/Axios
Venture Capital
• Trent AI, a London-based AI risk mitigation startup, raised a $13m seed round led by LocalGlobe and Cambridge Innovation Capital. Go deeper
• Inxy, a stablecoin infrastructure startup, raised a $4m seed round led by Flashpoint. Go deeper
Private Equity
• Blackstone and Tinicum agreed to acquire U.K. aerospace engineering firm Senior (LSE: SNR) for £1.4b, beating out Advent International and Arcline. Go deeper
🚑 Blackstone and TPG completed their $18.3b take-private buyout of Hologic, a Marlborough, Mass.-based medical device maker. Axios Flashback
• Caylent, a Gryphon Investors portfolio company, acquired Pronetx, a customer experience transformation firm. Go deeper
• Great American Holdings, owned by Oaktree Capital Management, acquired G2 Capital Advisors, a Boston-based investment bank and restructuring advisory firm. Go deeper
• Sixth Street has agreed to buy a majority stake in Sunderland AFC Women. The firm is already an investor in FC Barcelona, Real Madrid, the San Francisco Giants, and the Boston Celtics. Go deeper
🚑 Vernacare, an H.I.G. Capital portfolio company, acquired Eakin Surgical, a U.K. maker of single‑use surgical instruments, from Eakin Healthcare. Go deeper
• VITALSpace, a Heartwood Partners portfolio company, acquired B.I.G. Enterprises, a South El Monte, Calif.-based maker of custom guard booths and protective enclosures. Go deeper
Public Offerings
• ACP Holdings Acquisition, a SPAC formed by Atlas Credit Partners, raised $200m in its IPO. Go deeper
• Apogee Acquisition, an advanced tech SPAC led by Jeffrey Smith, raised $150m in a downsized IPO. Go deeper
• RRE Ventures Acquisition, a SPAC formed by RRE Ventures, filed for a $250m IPO. Go deeper
M&A
• MSCI (NYSE: MSCI) acquired PM Insights, an NYC-based private markets analytics firm. Go deeper
Funds
• King Street Capital Management of New York is raising a MENA-focused private credit fund to be anchored by Saudi Arabia's Public Investment Fund. Go deeper
🌎 NOVA Infrastructure, a midmarket infrastructure PE firm, raised $1.45b for its second flagship fund. Go deeper
It's Personnel
• Liz Benz joined Rally Ventures as an operating partner. She previously was chief sales officer at Jamf Software. Go deeper
🌎 Matthew Tirman was appointed CEO of Bedrock Ocean Exploration, a Richmond, Calif.-based autonomous subsea data and intelligence provider. He previously was president of Sattelogic and succeeds founder Charles Chiau, who remains CTO. Go deeper
• Cleary Gottlieb hired Matthew Schwartz as a partner of its Americas M&A and PE transactions group. He was previously at Gibson Dunn and was interim chief legal officer for LIV Golf. Go deeper
• Sarah Lightdale joined Latham & Watkins as an M&A-focused litigation partner. She previously was with Cooley. Go deeper
• Michael Kuh (ex-Hogan Lovells) and Eric Geffner (Sidley Austin) agreed to join Simpson Thacher as co-heads of its sports, media, and entertainment practice, while Matthew Carpenter-Dennis (NBA) joined the group as a partner. Go deeper
Odds & Ends
💊 Vertex Pharmaceuticals (Nasdaq: VRTX) will pay $15m upfront to Halozyme Therapeutics (Nasdaq: HALO) in a global exclusive collaboration and license agreement to develop three undisclosed drug targets. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, Dan Primack, Lucinda Shen, and Brock E.W. Turner contributed to this report.
