Provenance Invests $40M Growth Capital in MeUndies

Sumeru Equity Partners Invests $70M Growth Round in iProov

January 6, 2022

Cybersecurity

Sumeru Equity Partners committed $70 million in growth capital to iProov to accelerate the biometric face-authentication provider’s expansion in the United States and internationally. The investment will support product and partner-network growth, hiring, and scaling of iProov’s Genuine Presence and Liveness Assurance technologies.

Further Global Capital Management Acquires Majority Stake in Progeny

October 29, 2021

Wealth Management

US-based private equity firm Further Global Capital Management has acquired a majority stake in UK financial planning firm Progeny; financial terms were not disclosed. The investment is intended to accelerate Progeny's organic and inorganic growth, support its acquisition strategy, and fund investments in technology, learning and development, marketing and an advisor academy; Progeny's senior management will remain in place and the firm employs roughly 230 people.

Provenance Makes Minority Growth Investment in Fireclay Tile

October 26, 2021

Building Products

Los Angeles-based growth equity firm Provenance has made a significant minority investment in Fireclay Tile to support the company's omnichannel expansion. The capital will be used to quadruple its Northern California factory, expand brand and digital investments, open new retail showrooms, and support sustainable manufacturing initiatives.

Proviso Capital Acquires Merchandising Partners, LLC

May 21, 2021

Packaging

Proviso Capital acquired Merchandising Partners, LLC, a North Granby, Connecticut-based full-service provider of point-of-sale displays, custom fabrication and packaging fulfillment; the deal closed May 21, 2021. Generational Equity advised the seller, and Proviso said it will provide capital and strategic resources to support the company's growth.

Westbourne Capital Partners and Samson Investment Partners Invest in Proos Manufacturing

November 10, 2020

Manufacturing

Westbourne Capital Partners, alongside Samson Investment Partners and several family office investors, completed a strategic growth investment in Proos Manufacturing to support the company's expansion in the e-commerce fulfillment and material handling markets. Management, led by CEO Bryan Howard, will remain in place as the company invests in engineering talent, capability expansion and geographic growth.

Summit Partners Invests $50M Growth Equity in Brooklinen

March 3, 2020

E-Commerce

Summit Partners has made a $50 million growth equity investment in Brooklinen to support the DTC home brand’s omni-channel expansion, deepen customer touchpoints and accelerate domestic and international growth. Brooklinen, founded and headquartered in Brooklyn by Rich and Vicki Fulop, will continue to be led by its founders; Citibank acted as an advisor to Brooklinen on the transaction.