Restaurant365 Announces $135M Funding Round Co-Led by KKR and L Catterton
Restaurant365, an industry leading all-in-one restaurant enterprise management software, today announced it has agreed to a $135M funding round co-led by global investment firms KKR and L Catterton with participation from current investors, including ICONIQ Growth and Bessemer Venture Partners.
Xapo Bank Expands its Stablecoin Payment Rails, Becoming The First Licensed Bank To Enable Both USDC and USDT Deposits and Withdrawals
BANGKOK, THAILAND – Media OutReach – 18 May 2023 – Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to integrate Tether (USDT) payment rails. Beginning with a phased rollout, the payment rails will be fully available to all members by the end of May. Building on its existing USDC rails that were launched in March, the bank is now enabling members to leverage the world’s most widely adopted stablecoin for payments as an alternative to time-consuming and costly SWIFT rails.
IT Security Guru
Adarma Announces Management Expansion Amid Rapid Growth
Edinburgh-based Adarma, the leading independent specialist in detection and response services, welcomes three new leaders to its cybersecurity services delivery team.
GrowthZone Announces Strategic Investment from Lead Edge Capital
NISSWA, Minn.--(BUSINESS WIRE)--GrowthZone, a leading provider of membership management software to non-profit associations, announced a strategic growth investment from Lead Edge Capital, a technology-focused investment fund that has invested in leading companies such as Duo Security, Toast, Spotify, Wise, Alibaba Group, and Grafana.
Boost.ai Adds LLMs To Its Conversational AI
The new update will take advantage of generative AI to suggest messaging content to AI trainers within the boost.ai platform.
Boost.ai, a conversational artificial intelligence solution provider, launched Version 12 of its platform with new large language model (LLM)-enriched features for content suggestion, content rewriting, and accelerated generation of training data.
U.S. regulators grant approvals for TIAA’s bank deal with buyout firms
(Reuters) -Two U.S. regulators have approved the sale of a majority stake in TIAA’s banking arm to a consortium of private equity firms, a TIAA spokesperson said on Friday.
KKR to Acquire Leading Testing and Measurement Instrument Provider Industrial Physics from Union Park Capital
NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Industrial Physics (or the “Company”), a leading manufacturer of testing and measurement instruments, from Union Park Capital (“UPC”). KKR plans to support the Company in its continued growth organically and through add-on acquisitions. Financial terms were not disclosed.
Bregal Sagemount and FTV Capital Announce Strategic Growth Investment in Neptune Flood Incorporated
NEW YORK, May 11, 2023 /PRNewswire/ -- Bregal Sagemount ("Sagemount") and FTV Capital ("FTV"), two leading growth-focused private equity firms, today announced a strategic growth investment in Neptune Flood Incorporated ("Neptune" or the "Company"), a leading digital insurtech platform and private flood insurance provider. Sagemount and FTV will acquire a substantial minority stake in the Company, with Neptune CEO and management maintaining majority ownership. Financial terms of the transaction were not disclosed.
BS&A Attracts Significant Growth Investment From Serent Capital
AUSTIN, Texas & SAN FRANCISCO--(BUSINESS WIRE)--BS&A, a leading ERP software provider to municipalities, has announced it received a significant growth investment from Serent Capital, a growth-focused private equity firm with deep expertise in the government technology ("GovTech") market. The investment will enable the Company to accelerate its geographic expansion and drive further adoption of its market-leading cloud product.
Franchise Group, Inc. Announces Definitive Agreement to Be Acquired by a Consortium Led by Management Group
DELAWARE, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”), today announced that it has entered into a definitive agreement and plan of merger (the “Merger Agreement”) pursuant to which members of the senior management team of Franchise Group led by Brian Kahn, the Company’s Chief Executive Officer, (collectively with affiliates and related parties of the senior management team, the “Management Group”), in financial partnership with a consortium that includes B. Riley Financial, Inc. and Irradiant Partners, will acquire the approximately 64% of the Company’s issued and outstanding common stock that the Management Group does not presently own or control.