Top Tier Capital lands $1.05B to invest in funds and startups
TechCrunch - Private Equity
by Kyle Wiggers
2M ago
Despite the mixed recent news on inflation, capital’s still flowing healthily into Silicon Valley. Case in point, Top Tier Capital, the San Francisco-based VC and private equity firm, today announced that it raised $1.05 billion more to invest with global venture funds and tech companies. Speaking to TechCrunch via email, Top Tier managing partner David […] © 2023 TechCrunch. All rights reserved. For personal use only ..read more
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In a slow year for enterprise tech M&A, there were few standout deals
TechCrunch - Private Equity
by Ron Miller
3M ago
It was a slow year in enterprise technology M&A, and the total was the second lowest since we started compiling the data in 2018. © 2023 TechCrunch. All rights reserved. For personal use only ..read more
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Clearlake and Insight reach $4.4B deal to take software maker Alteryx private
TechCrunch - Private Equity
by Kyle Wiggers
3M ago
Alteryx, an Irvine, California-based software company developing data science and analytics products, today announced that it’s agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion. Clearlake and Insight reportedly beat out Symphony Technology Group, another private equity firm, which Reuters reported several days ago […] © 2023 TechCrunch. All rights reserved. For personal use only ..read more
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Why Rover’s $2.3B sale price makes good sense
TechCrunch - Private Equity
by Alex Wilhelm
4M ago
The Rover deal is expensive, but it has some notable caveats that tell us quite a lot about the state of the market for tech, and tech-enabled, companies. © 2023 TechCrunch. All rights reserved. For personal use only ..read more
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Tiger Global chieftain Scott Shleifer transitions to advisory role after wild ride
TechCrunch - Private Equity
by Connie Loizos
4M ago
Tiger Global Management is going through a major management change. Per a message from founder Chase Coleman sent this afternoon to investors of the 22-year-old venture- and hedge-fund outfit and obtained by TechCrunch, Coleman is taking over both the outfit’s public company investing and private equity businesses, while the longtime head of the latter, Scott […] © 2023 TechCrunch. All rights reserved. For personal use only ..read more
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LeapFrog’s new fund to double down on financial and healthcare sectors in Africa and Asia
TechCrunch - Private Equity
by Annie Njanja
5M ago
LeapFrog Investments, a private equity firm that is keen on the financial and healthcare sectors, plans to raise $1 billion for a new fund targeting businesses in “global growth markets,” including Africa. The Emerging Consumer Fund IV is set to hold a final close in February next year having already secured the backing of several […] © 2023 TechCrunch. All rights reserved. For personal use only ..read more
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Why PE firm Alitheia is banking on women in Africa
TechCrunch - Private Equity
by Annie Njanja
7M ago
African women-founders find it incredibly hard to raise capital from private markets, and even banks, a gap that “gender-lens” funds like Alitheia IDF exist to bridge. Alitheia IDF was co-founded by Tokunboh Ishmael and Polo Leteka in 2015 as a private equity fund to back the often marginalized founders. Through the $100 million Alitheia IDF ..read more
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AI company Hypergiant Industries snapped up by PE firm Trive Capital
TechCrunch - Private Equity
by Aria Alamalhodaei
7M ago
Private equity firm Trive Capital has acquired Hypergiant Industries in a deal that will furnish the Texas-based AI company with capital to “build even faster,” Hypergiant CEO Mike Betzer told TechCrunch in a recent interview. The terms of the deal were not disclosed. Hypergiant’s core product is called CommandCenter, a geospatial data visualization platform designed to inform real-time decision-making. It does so by integrating many different sources of data and providing recommendations on the best course of action to the end user, whether that be to reposition a satellite or launch a missil ..read more
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SUSE goes private again
TechCrunch - Private Equity
by Frederic Lardinois
7M ago
SUSE, the German Linux vendor and acquirer of enterprise tools like Rancher and NeuVector, has had its fair share of owners since it was founded in 1992. There was Novell, which acquired it in 2003. Then Novell itself was acquired by The Attachmate Group in 2011. Then Attachmate and Micro Focus merged in 2014, only to sell off SUSE to private equity firm EQT Partners in 2018, which then took it public with an IPO on the Frankfurt Stock Exchange in the heady days of summer 2021. And now, EQT Partners is taking SUSE private once again. EQT remained SUSE’s largest shareholder throughout its time ..read more
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New Relic’s sale tells us much about the value of middling growth today
TechCrunch - Private Equity
by Alex Wilhelm
8M ago
Monitoring service New Relic this morning said it has agreed to be acquired by Francisco Partners and TPG for $6.5 billion in cash. Shares of the company, which went public back in 2014, are up around 13.5% on the news. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. The deal is interesting because of its size, but we’re more interested in the insight it provides on the current state of the tech landscape as it pertains to valuations. Given the dry IPO climate, we are bereft of new data regarding exit values ..read more
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