New Platform Investors
Nova Ventures is looking to create a fifth testing, measurement, and monitoring instrumentation platform in order to continue its proven value creation strategy. Companies that will form the nucleus of this new platform will have the common characteristics of all Nova Ventures businesses which include well recognized brands, products that customers trust, non-commodity solutions due to proprietary manufacturing know-how, patents, or applications expertise, and the ability to scale products globally with access to greater distribution and market channel access.
Nova has committed capital to support acquisitions and growth investments in this new platform from Pamplona Capital Management and Ascent Venture Partners, leading venture capital companies located in Boston. The combined capital management of these firms is in excess of $3 billion.
Pamplona TMT is based in Boston, MA, with an investment team that has collectively over 90 years of technology, media, and telecom (“TMT”) private equity investing experience. Pamplona TMT draws from its deep vertical knowledge to drive investment decisions and contribute as partners to management teams looking to accelerate growth in their businesses. They are able to leverage both in their own industry knowledge as well as their extended global network of investment and operating professionals at Pamplona Capital Management to support and drive additional value for their partners.
“The key to our investment approach is our flexibility to structure capital that supports your business’ growth.”
Ascent Venture Partners is a Boston-based venture capital firm that provides early stage and growth financing to enterprises located in US, Europe and Israel. Founded in 1985 as Pioneer Capital Corporation, Ascent manages $500 million across six funds. Ascent principally invests in Information Technology related markets, including network and communications systems, specialized IT services and enterprise software, and in Industrial Technology related markets. With over 100 years of combined private equity experience and an extensive network of professional resources, the Ascent investment team provides committed, strategic support to the firm’s portfolio companies.
“We’ve been investing in and partnering with entrepreneurs for over thirty years….when you partner with Ascent, you’re partnering with our full team and the 100+ years of B2B experience that comes with it.”