Monique Rodriquez is the founder and CEO of Mielle Organics, a skin and hair care company that uses natural ingredients to bring organic products to market.
CivicPlus Takes On Private Equity Owners in $290M Deal
Insight Partners, which has done several high-profile deals in the gov tech space in recent years, has bought a majority stake in CivicPlus, a popular website builder and software vendor for local governments.
May 13, 2021 •
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CivicPlus, a software vendor and one of the most prolific website builders for local government, has secured one of the largest investments in gov tech history a move that signals it’s on the move to acquire more companies in the space.
The New York venture capital and private equity firm Insight Partners has bought majority ownership of CivicPlus for $290 million. That kind of money is rare in the gov tech space outside of corporate acquisitions; the only deal that may have surpassed it in recent years was when Berkshire Partners bought a majority stake in Accela in 2017.
UPSTACK Hires Paula McKinnon as Vice President of Vendor Relations
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UPSTACK Hires Paula McKinnon as Vice President of Vendor Relations
“Paula’s track record for success and her extensive connections and years of experience managing vendor relationships will help us build a vendor portfolio spanning the tech stack – from colo and network to UCaaS and security – that’s second to none.” NEW YORK (PRWEB) May 13, 2021
UPSTACK, a profitable, fast-growing platform that transforms the buying experience for businesses seeking cloud and internet infrastructure solutions, announced today that telecom and IT channel veteran Paula McKinnon has joined the company as Vice President of Vendor Relations.
In Massachusetts, Ginkgo Bioworks and Soaring Eagle Acquisition Corp. have agreed to a business combination that will result in Ginkgo becoming a publicly-listed company. The transaction is expected to close in the third quarter of 2021.
The $15B valuation and $2.5B to Ginkgo in proceeds
The transaction implies a pre-money equity valuation for Ginkgo of $15.0 billion, and is expected to provide up to $2.5 billion of gross cash proceeds. Gross proceeds include Soaring Eagle’s $1.725 billion of cash in trust (subject to any redemptions by Soaring Eagle’s public shareholders) and $775 million in proceeds from a PIPE transaction priced at $10.00 per share of Class A common stock of Soaring Eagle to be funded immediately prior to the closing of the transaction.
Ginkgo Bioworks to Become a Public Company and Expand its Leading Platform for Cell Programming
Ginkgo is building the leading horizontal platform for synthetic biology, making it possible to program cells as easily as we can program computers and enabling innovation across industries, including therapeutics, industrials, food and agriculture
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BOSTON and LOS ANGELES, May 11, 2021 /PRNewswire/
Business combination with Soaring Eagle Acquisition Corp. (Nasdaq:SRNG) values Ginkgo Bioworks, Inc. at a $15 billion pre-money equity valuation and is expected to provide up to $2.5 billion of primary proceeds.
Institutional investors have committed $775 million in an oversubscribed PIPE, with anchor investments from Baillie Gifford, Putnam Investments, and funds and accounts managed by Counterpoint Global (Morgan Stanley Investment Management). New investors including accounts advised by ARK Investment Management LLC, ArrowMark Partners, Bain Capital