Goldman Sachs Asset Management

Source claims Slync.io CEO retaliated after suspension

After learning he was being suspended, Slync.io CEO Chris Kirchner retaliated by locking some executives out of the company’s communication channels, a source familiar with the situation says.

Kirchner, who had previously ordered the suspensions of nearly a dozen current and former employees for speaking out about the Dallas-based logistics tech startup’s failure to make payroll, was placed on leave Friday.

Burt White, vice president of global sales at Slync — which received a $60 million Series...

https://www.freightwaves.com/news/source-claims-slyncio-ceo-retaliated-after-suspension

Una fuente afirma que el director general de Slync.io tomó represalias tras su suspensión 

Después de enterarse de que iba a ser suspendido, el director general de Slync.io, Chris Kirchner, tomó represalias bloqueando a algunos ejecutivos de los canales de comunicación de la empresa, dice una fuente familiarizada con la situación. 

Kirchner, que ya había ordenado la suspensión de casi una docena de empleados actuales y antiguos por hablar sobre la falta de pago de las nóminas de la empresa de tecnología logística con sede en Dallas, fue puesto en licencia el viernes. 

Burton White,...

https://www.freightwaves.com/news/una-fuente-afirma-que-el-director-general-de-slync-io-tomo-represalias-tras-su-suspension

Warehouse robotics firm Exotec raises $335M, reaches $2B valuation

Exotec Skypicker warehouse robot

Operating in a market that is expected to grow at double-digit rates for the next five years to reach $9.1 billion by 2026 provides plenty of room for investment.

Exotec is the latest to benefit, closing a $335 million series D funding round led by the Growth Equity business within Goldman Sachs Asset Management with follow-on investments from 83North and Dell Technologies Capital.

The funding values Exotec at $2 billion. The company’s last funding round was a $90 million round in September 2020....

https://www.freightwaves.com/news/warehouse-robotics-firm-exotec-raises-335m-reaches-2b-valuation

After record-breaking Q4, project44 begins 2022 with $2.4B valuation

Chicago-based real-time visibility provider announced Monday it has raised $240 million in equity funding led by TPG, Thoma Bravo and the asset management arm of Goldman Sachs Group.

Participating investors Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also acquired $180 million of shares from existing investors including OpenView Venture Partners, which first began investing in project44 during its Series B in 2018.

The deal...

https://www.freightwaves.com/news/after-record-breaking-q4-project44-begins-2022-with-2-4b-valuation

SPAC acquires cloud manufacturing firm Fast Radius

Digital manufacturing and supply chain company Fast Radius Inc. said Monday it will be acquired by special-purpose acquisition company (SPAC) ECP Environmental Growth Opportunities Corp. (NASDAQ:ENNV) in a deal that values the Chicago-based company at $1.4 billion.

The transaction, which is expected to close in the fourth quarter, attaches a $995 million enterprise value to the combined company, with an additional $445 million in cash pumped in. The cash proceeds consist of $345 million held by...

https://www.freightwaves.com/news/spac-acquires-cloud-manufacturing-firm-fast-radius

Lloyd’s Register to focus growth strategy on maritime industry with expanded role and broader service offering

Lloyd’s Register to focus growth strategy on maritime industry with expanded role and broader service offering

Business Assurance & Inspection Services division to be set up as independent business, branded LRQA, to be acquired by funds managed by Goldman Sachs Asset Management.

Nick Brown

Lloyd’s Register (“LR”), a global provider of professional services specialising in engineering and technology solutions, has today announced the sale of 100% of its Business Assurance & Inspection Services...

https://allaboutshipping.co.uk/2021/06/29/lloyds-register-to-focus-growth-strategy-on-maritime-industry-with-expanded-role-and-broader-service-offering/