Investment Summary

HBM Partners and Infinity Asset Management Invest In connectRN

On December 8, 2021, private equity firm HBM Partners and asset manager Infinity Asset Management invested in staffing company connectRN

Investment Highlights
  • This is HBM Partners’ 1st and Infinity Asset Management’s 1st transaction in the Staffing sector.
  • This is HBM Partners’ 43rd and Infinity Asset Management’s 1st transaction in the United States.
  • This is HBM Partners’ 13th and Infinity Asset Management’s 1st transaction in Massachusetts.

Investment Summary

Date 2021-12-08
Target connectRN
Sector Staffing
Investor(s) HBM Partners
Infinity Asset Management
Deal Type Growth Capital

Target

connectRN

Waltham, Massachusetts, United States
connectRN builds technologies that revolutionize the way hospitals and healthcare facilities manage their workforce. connectRN platform offers career development resources, flexible shift offerings, and the opportunity to participate in a supportive community of peer professionals. connectRN was founded in 2014 and is based in Waltham, Massachusetts,

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Investor(S) 2

Investor

HBM Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.1B USD
Size Large
Type Sector Focused
DESCRIPTION

HBM Partners is a private investment firm focused on investing in entrepreneurial biopharma and other healthcare-related companies in Europe, North America, India and other Emerging Markets. HBM looks to invest $5 to $50 million per transaction and will consider private and public companies. HBM Partners was established in 2001 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 62 of 65
Sector: Staffing M&A 1 of 1
Type: Growth Capital M&A Deals 7 of 7
State: Massachusetts M&A 13 of 13
Country: United States M&A 43 of 44
Year: 2021 M&A 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Freenome

South San Francisco, California, United States

Freenome develops blood-based tests for early cancer detection, applying its proprietary multiomics platform, deep expertise in molecular biology and advanced machine learning. Freenome was founded in 2014 and is based in South San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 1000Farmacie

Napoli, Italy

1000Farmacie is an Italian e-pharmacy and digital healthcare platform with a vision to improve healthcare services and medicine delivery to customers and patients. 1000Farmacie’s pharmacy marketplace offers a wide range of products and services at the best cost via its network of independent pharmacies. 1000Farmcie was founded in 2020 and is based in Napoli, Italy.

Buy -
Investor

Infinity Asset Management

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2007
PE ASSETS 500M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Infinity Asset Management is a private investment firm focused on private equity and real estate. Infinity's private equity group looks to invest £1 to £10 million in growth oriented transactions. Funds are generally used to support development, acquisitions, refinancing, buyouts or a turnaround. Sectors of interest include financial services, green technology, property, hospitality/leisure, and professional services. Infinity's real estate group invests and develops commercial and residential urban projects. Infinity was formed in 2007 and is based in Manchester.


DEAL STATS #
Overall 7 of 7
Sector: Staffing M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 BotanoCap

Ashkelon, Israel

BotanoCap Ltd. is a development company that has developed a “green“ delivery system to "green" product line which effectively replaces toxic chemical materials for agricultural, veterinary, and household use, meeting international demands and regulations for health and environmental protection. BotanoCap was founded in 2004 and is based in Ashkelon, Israel.

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