CVC Leads $220m Growth Investment in Airalo

CVC Capital Partners Acquires Majority Stake in Icario

May 4, 2021

Healthcare Services

CVC Capital Partners (via its CVC Growth Partners II fund) acquired a majority interest in Icario to support the company's next phase of growth and accelerate its product and go-to-market roadmap. Financial terms were not disclosed; Icario will leverage CVC's resources to scale its health action platform and expand member engagement solutions for large U.S. health plans.

Arrowroot Capital Leads $20M Growth Investment in Ayla Networks

December 6, 2021

Cloud & SaaS

Ayla Networks, an enterprise IoT platform provider based in Milpitas, California, raised $20 million in a growth equity round led by Arrowroot Capital with participation from existing investors Trinity Power Limited, Voyager Capital and SJF Ventures. The proceeds will be used to accelerate sales and marketing, product innovation, and geographic expansion; Arrowroot's Thomas Oh will join Ayla's board and Cascadia Capital served as Ayla's exclusive financial advisor.

PSG Leads €20M Growth Investment in Apaleo

November 20, 2024

Cloud & SaaS

Apaleo, an API-first open property management platform based in Munich, raised €20 million in a growth equity round led by PSG Equity with participation from existing investors Redalpine, FOMCAP IV, and Rockaway Ventures. The capital will be used to accelerate international expansion across hospitality and serviced living verticals, further develop the platform, and hire talent to support growth.

CVC (via Aquilo House) Acquires 26.47% Stake in Aavas Financiers; Partners Group and Kedaara Exit

August 10, 2024

Financial Services

CVC Capital Partners (through Aquilo House Pte. Ltd.) has entered definitive agreements to acquire 26.47% of Aavas Financiers, triggering an open offer and a change in promoter status. The stake purchase represents the final/partial exit for Partners Group and Kedaara Capital and transfers promoter status to CVC; Aavas is a Jaipur‑headquartered affordable housing finance company with ~INR 204 billion AUM and a ~400‑branch network across India.

LDC Makes Minority Growth Investment in Cellhire

June 29, 2022

Telecommunications

Mid-market private equity firm LDC has made a significant minority (growth-capital) investment in Cellhire to support the company’s global expansion and development of its IoT, eSIM and SIM management capabilities. LDC will back the existing management team as Cellhire looks to scale its Atlas billing and SIM management platform and expand its M2M/IoT offerings across multiple international markets.

TELEO Capital Makes Growth Equity Investment in Teesnap

May 5, 2021

Cloud & SaaS

TELEO Capital Management completed a significant growth equity investment in Teesnap, a Las Vegas‑based golf course operations SaaS platform, partnering with existing shareholder Allegiant Travel Company. The capital will support product innovation, go-to-market initiatives, geographic expansion and follow-on acquisitions to accelerate Teesnap's growth.