Private Equity Assets See Ownership Movement in This Week's Roundup

Private equity investors are witnessing ownership shifts this week, with Wells Fargo and abrdn divesting their PE assets. Alongside these developments, various transactions in financial and business services, technology, and other sectors are shaping the M&A landscape. Let's delve into the details.

HighVista Strategies Acquires abrdn’s Private Markets Business

HighVista Strategies, an alternative asset manager, makes a strategic move by acquiring abrdn’s U.S. private market business. This acquisition strengthens HighVista's investment capabilities and expands its presence in the private equity and venture capital sectors.

HighVista Strategies, an alternative asset manager, has made a significant acquisition in the private equity space. The firm has acquired abrdn’s U.S. private market business, including its private equity and venture capital assets. This strategic move further solidifies HighVista's well-differentiated investment capabilities and expands its presence in the private markets.

With this acquisition, HighVista Strategies aims to leverage its expertise and experience to drive growth and generate attractive returns in the private equity and venture capital sectors. The addition of abrdn’s private markets business enhances HighVista's investment portfolio and strengthens its position as a leading player in the alternative asset management industry.

Capstreet Acquires eProcurement Software Company

Capstreet, a lower middle-market private equity firm, invests in eProcurement software business PlanetBids. This strategic investment allows Capstreet to expand PlanetBids' technology capabilities and geographic reach, positioning the company for further growth in the eProcurement market.

Capstreet, a lower middle-market private equity firm, has made a strategic investment in eProcurement software company PlanetBids. PlanetBids provides a Software-as-a-Service solution that facilitates electronic procurement workflows for public and private organizations.

With this investment, Capstreet plans to accelerate PlanetBids' growth by expanding its team and identifying new opportunities to broaden the company's technology capabilities and geographic reach. Capstreet's deep industry knowledge and operational expertise will support PlanetBids in capturing a larger market share in the eProcurement space.

Frontier Growth, PE Backers Join Accredible’s Series B Round

Middle-market software investor Frontier Growth leads the Series B funding round for digital credentialing platform Accredible. This investment, joined by private equity firms The Stephens Group, PivotNorth, and Uncork Capital, will fuel Accredible's product innovation and drive its growth in the digital credentialing market.

Frontier Growth, a middle-market software investor, has taken the lead in Accredible's Series B funding round. Accredible is a digital credentialing platform that enables organizations to issue and manage digital certificates and badges.

Joining Frontier Growth in this funding round are private equity firms The Stephens Group, PivotNorth, and Uncork Capital. The investment will provide Accredible with the necessary capital to invest in product innovation and enhance its technology platform. With the increasing demand for digital credentials, Accredible is well-positioned to capitalize on this market opportunity and drive its growth in the digital credentialing space.

Kelso & Company Collaborates on Infrastructure Platform

Kelso & Company, in collaboration with other investors, launches Armada Materials, an infrastructure materials and services business. This platform aims to build a strong presence in the infrastructure sector through strategic add-on acquisitions, starting with the investment in Volunteer Materials and its affiliate companies.

Kelso & Company, a middle-market buyout private equity firm, has joined forces with a group of investors to launch Armada Materials, an infrastructure materials and services business. The platform's CEO, Rob Duke, brings extensive industry experience and expertise to drive its growth and success.

Armada Materials plans to build a strong presence in the infrastructure sector through strategic add-on acquisitions. The platform has already made its first investment in Volunteer Materials and its affiliate companies, positioning itself for further expansion and success in the infrastructure market.

VSS Capital Launches Clinical Research Platform

VSS Capital Partners invests in Eximia Research Network, a clinical trial research business, to form a platform focused on accelerating drug approvals. This investment aims to support Eximia's growth and enhance its capabilities in servicing the pharmaceutical and biotech industries.

VSS Capital Partners, a private equity firm specializing in the healthcare, education, and business services sectors, has made a growth capital investment in Eximia Research Network. Eximia is a leading clinical trial research business that provides comprehensive services to the pharmaceutical and biotech industries.

This investment forms a platform for VSS Capital Partners, following Eximia's recent acquisition of Sundance Clinical Research. The platform aims to support the acceleration of drug approvals by leveraging Eximia's expertise and capabilities in conducting clinical trials. With the increasing demand for innovative therapies, this investment positions VSS Capital Partners at the forefront of the clinical research industry.

Unity Partners Acquires Pool Services Company

Unity Partners, a middle-market investment firm, makes a majority investment in pool services company Poolie. This strategic partnership aims to expand Poolie's geographic footprint and enhance its services in pool cleaning, repair, and renovation, while also promoting employee ownership through a Purpose Plan.

Unity Partners, a middle-market investment firm, has announced its majority investment in Poolie, a leading pool services company based in Austin. Poolie offers a wide range of pool cleaning, repair, and renovation services to residential and commercial customers.

With the support of Unity Partners, Poolie plans to expand its geographic footprint and further enhance its services. Additionally, Poolie will launch a Purpose Plan, which promotes employee ownership and aligns with Unity Partners' strategy of building employee ownership into its platform investments. This strategic partnership positions Poolie for continued growth and success in the pool services market.

Conclusion

In this week's roundup of private equity activities, we have witnessed significant ownership movements and strategic investments. Wells Fargo and abrdn have divested their private equity assets, while other firms have made strategic acquisitions in various sectors.

HighVista Strategies' acquisition of abrdn's private markets business strengthens its investment capabilities, while Capstreet's investment in eProcurement software company PlanetBids expands its technology capabilities. Frontier Growth's leadership in Accredible's Series B funding round drives innovation in digital credentialing, and Kelso & Company's collaboration on the Armada Materials platform paves the way for infrastructure investments.

VSS Capital's investment in Eximia Research Network accelerates drug approvals in the clinical research space, and Unity Partners' majority investment in Poolie promotes growth and employee ownership in the pool services industry.

These ownership movements and strategic investments highlight the dynamic nature of the private equity sector and the ongoing pursuit of growth and value creation. As the market continues to evolve, we can expect more exciting developments in the weeks to come.

FQA :

What sectors have seen ownership movements in this week's roundup?

This week's ownership movements have spanned various sectors, including private equity, eProcurement software, digital credentialing, infrastructure, clinical research, and pool services.

Which private equity firms have made notable acquisitions?

HighVista Strategies, Capstreet, Frontier Growth, Kelso & Company, VSS Capital, and Unity Partners are among the private equity firms that have made notable acquisitions in this week's roundup.

What is the significance of these ownership movements and investments?

These ownership movements and investments reflect the ongoing pursuit of growth, value creation, and strategic positioning in the private equity market. They demonstrate the industry's adaptability and commitment to seizing opportunities in various sectors.

What can we expect in the future for the private equity sector?

As the private equity sector continues to evolve, we can anticipate further ownership movements, strategic investments, and innovative developments. The market's dynamic nature ensures that there will always be exciting opportunities and transformations on the horizon.

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