Follow the Money: Aligned Energy Gets $495M, TPG Fund Nets $1.7B; AT&T Buys Ad Platform

In this weekly roundup of funding, merger, and acquisition activity involving companies in North Texas, you’ll also find news from Trinity Private Equity Group, Crestline Investors, Lone Star Analysis, and Baymark Partners.

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What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money every Thursday. Sign up for our e-newsletter to stay in the loop.

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Aligned Energy backed by $495M credit facility

Aligned Energy, a Plano-based data center provider of colocation and build-to-scale solutions for cloud, enterprise, and managed services companies, has received a $495 million credit facility.

The company will use the funding for growth and expansion, according to a statement.

PE Hub reported that the investors include Goldman Sachs Bank USA, CPPIB Credit Investments Inc., a subsidiary of the Canada Pension Plan Investment Board, along with an unidentified investment management corporation.

The credit facility is expected to give Aligned flexible, lower-cost capital for its growth plans, including the development of an expanding data center portfolio and the delivery of adaptable build-to-scale and colocation solutions in Dallas, Phoenix, and Salt Lake City, according to a statement.

TPEG reports equity raises for three funds

Trinity Private Equity Group, the Southlake-based alternative asset management firm, has filed Form D reports with the U.S. Securities and Exchange Commission for three funds.

The firm raised a $2 million equity round for TPEG Ventana LLC, as well as $2.05 million for its Trinity Cincinnati Governors Pointe LLC. The firm also reported it raised more than $1.4 million for its Trinity Beach Investors LLC.

According to its website, Trinity Private Equity Group provides opportunities for individuals seeking above-average risk-adjusted returns through direct investment in real estate and operating companies via partners who share the firm’s values.

Crestline provides $100M facility to diamond finance company

Fort Worth-based Crestline Investors Inc. has provided a $100 million facility to DelGatto Diamond Finance, a New York-based institutional diamond finance company.

The investment improves DelGatto’s ability to meet its growing financing demand across all major jewelry and diamond markets, according to a statement.

Founded in 1997, Crestline Investors is an institutional alternative investment management firm specializing in credit and opportunity investments, including financing and restructuring solutions for mature PE funds.

Lone Star Analysis receives investment from HCAP

Lone Star Analysis, an Addison-based provider of predictive and prescriptive data analytics and analysis has received an investment from HCAP Partners, a San Diego-based mezzanine debt and private equity firm.

The amount of the investment was not disclosed. Lone Star Analysis provides decision analysis and advanced analytics software for a varied customer base of Fortune 500 clients in transportation and logistics, aerospace and defense, and other industrial markets. It was founded in 2006.

Lone Star’s TruNavigatorSM, AnalyticsOSSM, and TruPredict solutions offer clients the ability to improve their operational efficiency through data insights, according to a statement.

TPG nets $1.7B for relaunched Rise Fund II

TPG, which is headquartered in Fort Worth and San Francisco, collected more than $1.7 billion for a second impact fund, reports PE Hub. The raise comes after the fund’s CEO departed this year after being named in the on-going college admissions scandal.

The Rise Fund II was relaunched this summer with a goal of $2.5 billion after originally being set with a $3 million target. According to PE Hub, TPG’s Rise Fund platform was launched in 2016 to make minority and control investments in small and mid-market companies that achieve measurable gains along with competitive returns.

MERGERS & ACQUISITIONS

AT&T unit buys advertising platform clypd

Dallas-based AT&T Inc’s advertising unit Xandr has bought clypd, an advertising platform that uses data to better target television ads, according to Reuters.

No financial details of the acquisition were released. Xandr is seeking to make television commercials as personally targeted as internet ads, reports Reuters.

Clypd, which partners with television networks including Discovery and CBS, uses data to allow advertisers to target viewers more precisely based on their interests.

Baymark Partners buys Florida IT services provider

Plano-based Baymark Partners has bought Florida-based Presidium Network Services LLC.

No terms of the acquisition were released.

Baymark is a growth-oriented private equity firm that acquires middle-market service, distribution, manufacturing, and tech-enabled companies providing the owners with liquidity and the companies with resources for growth acceleration, according to a statement.

Presidium offers managed IT services, cloud computing, VoIP phone services, and disaster recovery.

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