Scherzer Blog

Reporting Employment-related Civil Lawsuits

For employment-purpose reports, the federal Fair Credit Reporting Act (FCRA) and its state law counterparts  are the laws that most often deal with when determining whether certain information is or isn’t reportable. However, federal laws prohibiting workplace discrimination can also limit what information can be included in these reports. This issue can arise when civil lawsuits are located in which a search subject has sued a former employer.

Although there are several types of federal laws dealing with workplace discrimination, taken together, these laws make it illegal to discriminate against someone (applicant or employee) because of that person’s race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), disability or genetic information. It is also illegal to retaliate against a person because they complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit.

Providing any such information to a prospective employer in a background screening report could be a violation of anti-discrimination laws which are typically enforced by the U.S. Equal Employment Opportunity Commission (EEOC).

The Scherzer Deal Report: February 7-11, 2022

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International and Lucas and Associates, LLC.

PE and VC Firms

$702M
Fourth flagship fund
 
$28M
Debut VC fund
 
$218M
Private equity impact fund
 
$780M
Debut fund
 
$115M+
Debut fund
 
$11B
Latest private tech investment fund

Private Equity Deals

Lion Equity Partners
Undisclosed
Geneva, IN-based maker of extruded aluminum components and fabricated copper tube products
 
Insight Partners, TA Associates
Undisclosed
Westmont, IL-based provider of multi-physics system simulation software
 
Warburg Pincus, Mubadala Investment Company
Undisclosed
New York and London-based provider of specialist intelligence, data, and software for clinical trials, drug development, and regulatory compliance
 
Argonaut Private Equity
Undisclosed
Southern Illinois-based provider of mining, industrial and civil contracting services
 
TPG Rise Climate
$500M
Fremont, CA-based maker of solar trackers
 
Willis & Smith Capital
Undisclosed
Racine, WI-based maker of machined components
 
Onex Partners, KKR
Undisclosed
Bellaire, TX-based ecological restoration company

Venture Capital Deals

Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, Nexxus Global
$35M
Lewes, DE-based virtual event hosting platform
 
Silver Lake, Lightspeed Venture Partners, Andreessen Horowitz, Coatue, DFJ, Pantera Capital, Addition
$200M
San Francisco, CA-based blockchain developer platform
 
SoftBank and Kora Management, Tiger Global, Andreessen Horowitz, Samsung Ventures, Slow Ventures, Sea Capital
$200M
San Francisco, CA-based blockchain project focused on privacy
 
Cormorant, Pivotal BioVenture Partners, Surveyor Capital. Eli Lilly, Atlas Venture, Pfizer Ventures, Tekla Capital Management, Mission BioCapital
$64M
Watertown, MA-based neurodegenerative disease biotech
 
NEA
$300M
Palo Alto, CA-based deep linking ad-tech company
 
Insight Partners, LRV Health, NewStack Ventures
$15M
Boston, MA-based regulatory tech startup
 
Insight Partners, Dell Technologies Capital
$16.5M
Clinton, NJ-based developer of virtual data harbors
 
Tiger Global, Insight Partners, Andreessen Horowitz, Sequoia Capital
$60M
San Francisco, CA-based enterprise data sync startup
 
Notion Capital
$15M
San Francisco, CA-based marketing data analytics startup
 
Mercuria, Generate Capital, National Grid Partners
$85M
Eden Prairie, MN-based distributed computing infrastructure company
 
Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, Deerfield Management
$105M
New York, NY-based provider of home care for seniors
 
RA Capital Management, Adjuvant Capital, Janus Henderson, EN Investment, GC Pharma
$60M
Seattle, WA-based shingles vaccine developer
 
Ribbit Capital
$17M
Los Altos, CA-based charitable giving fintech startup
 
Sands Capital, Becton Dickinson, Panacea Ventures, Hongkou Capital, Triventures, Golden Seeds
$21M
Boston, MA-based biotech focused on antibiotic-resistant infections
 
Blumberg Capital, Gaingels, Moderne Ventures, QED Investors, Viola FinTech
$57.2M
New York, NY-based residential sale-leaseback platform
 
NewSpring, Golub Capital, Escalate Capital Partner, Alumni Ventures, Greycroft, Next Coast Ventures
$32M
Austin, TX-based onboarding startup
 
EQT Ventures, Lachy Groom, Menlo Ventures, Upfront Ventures, Unusual Ventures
$30M
Los Angeles, CA-based product-led sales solution
 
F-Prime Capital, Lerer Hippeau, NextView Ventures, Amplifyher Ventures
$15M
Austin, TX-based virtual speech therapy provider
 
Andreessen Horowitz, MSD Partners, Shopify, DST Global, Founders Fund, SoftBank
$935M
San Francisco, CA-based digital freight forwarder
 
Anthemis Group and CMFG Ventures
$50M
Tustin, CA-based unsecured lending startup
 
RA Capital Management, Vertex Ventures, Leaps by Bayer
$50M
San Francisco, CA-based natural killer cell therapy biotech focused on blood and solid tumor cancers
 
T. Rowe Price led and was joined by CPP Investments, BOND, Standard Investments, BHP Ventures, Mitsubishi Corporation, Apollo Projects, and Cleo Capital
$192.5M
Berkley, CA-based AI and ML startup focused on prospecting minerals for EV components
 
AyurMaya, Takeda Ventures, Velosity Capita, McKesson Ventures, Merck Global Health Innovation Fund, Novartis, Spring Mountain Capital, Waterline Ventures
$45M
New York, NY-based developer of at-home clinical trial tech
 
Sozo Ventures, Madrona Venture Group, Playground Global, Floodgate, Schematic Ventures, Supply Chain Ventures
$37M
New York, NY-based trucking logistics startup
 
Kingsway, Twitter, Tim Draper, Avon Ventures
$20M
Los Angeles, CA-based bitcoin payment processor
 
Safar Partners, Prelude Ventures, Fine Structure Ventures, The Engine, Collaborative Fund, Nabors Energy Transition Ventures
$40M
Cambridge, MA-based geothermal drilling startup
 
Insight Partners, Accel, Two Sigma Ventures, Heavybit
$55M
Brooklyn, NY-based geofencing startup
 
Founders Fund
$200M
New York, NY-based corporate card and spend management platform
 
Breakthrough Energy Ventures, Energy Impact Ventures
$22M
Oakland, CA-based developer of industrial decarbonization tech
 
CapitalG, Sequoia Capital, YC, Tenaya Capital, S Capital VC, Advent International, Alkeon Capital, DFJ Growth
$140M
Palo Alto, CA-based API security company
 
Lightspeed Venture Partners, Polaris Partners, GV, Boxer Capital, Timothy Springer, Samsara BioCapital
$101M
Watertown, MA-based autoimmune biotech
 
Insight Partners
$50M
Rosslyn, VA-based cybersecurity company focused on military platforms and transportation systems
 
Alkeon Capital, Altimeter, B Capital Group, Andreessen Horowitz, Coatue, Index Ventures, Salesforce Ventures
$250M
Boston, MA-based data analytics company
 
Bain Capital
$20M
Los Angeles, CA-based provider of event management software
 
Insight Partners, JAL Ventures, Contour Venture Partners, Rho Capital, TIA Ventures
$20M
New York, NY-based cancer care decision-support platform
 
Moore Strategic Ventures, Microsoft Climate Innovation Fund, NVIDIA, Keyframe Capital, Braemar Energy Ventures, MUUS Asset Management
$26.75M
Providence, RI-based grid-edge software startup
 
M12, Boldstart Ventures, Contour Venture Partners, Eniac Ventures, Greycroft
$25M
Brooklyn, NY-based machine learning ops platform
 
QED Investors, Redpoint Ventures, Authentic Ventures, Fifth Wall, Susa Ventures, Alumni Ventures, Vibe Capital, Andreessen Horowitz, Bluewatch Ventures, Socially Financed
$20M
Austin, TX-based smart home network

Decoding Criminal Case Dispositions – Part II

In the previous piece about decoding criminal case dispositions, we listed the most common dispositions (e.g., guilty, not guilty, dismissal, not prosecuted). Here is a list of less common criminal case dispositions, some of which may be only found in one jurisdiction:

Suspended Sentence: This means the court has delayed the sentencing for an offense pending the successful completion of a period of probation or successful completion of a treatment program. If the defendant does not break the law during that period and fulfills the conditions of the probation, the judge usually reduces the degree of the offense or may dismiss the case entirely. Until the sentence is reduced or dismissed, the case is considered pending.

Diversion/Deferred Prosecution: The court has delayed prosecution pending the successful completion of probation conditions, at which point the charges will be dismissed. Until charges are dismissed, they remain pending.

Adjudication Withheld: The judge orders probation but does not formally convict the defendant of a criminal offense.

Probation Before Judgment: In Maryland, probation before judgment (PBJ) is one type of disposition in a criminal case. For a defendant to receive a PBJ as a disposition, the defendant must make a plea of guilty; however, the court stays the finding of guilt and places the defendant on probation. If the defendant satisfactorily completes the probation terms, the guilty plea is stricken. PBJ is not a conviction in Maryland.

Stet Docket: The prosecutor may place the case on the stet docket. This is an indefinite postponement of a criminal case for up to three years. It is not a conviction. In Illinois, it is called “stricken off leave.”

ARD Program: Common in Pennsylvania, it stands for “Accelerated Rehabilitative Disposition Program.” This program is given to the defendant in place of adjudication. If the defendant completes the program, the case is closed.

Conditional Discharge: In New York, a conditional discharge is part of a sentence. When the judge sentences the defendant to a conditional discharge, the judge will indicate the conditions that the defendant must meet for the sentence to be successfully completed.

In New Jersey, a conditional discharge is a type of diversionary treatment program offered to individuals charged with a disorderly person’s offense involving controlled dangerous substances (e.g., heroin, Xanax, Oxycontin, or drug paraphernalia). Upon completion of the terms and conditions of the treatment program, the treatment is terminated and the proceedings against the defendant are dismissed.

Civil Case Dispositions – Dismissals

A dismissal also can take one of two forms:

  • With prejudice – which means the plaintiff is barred from filing a new lawsuit based on the same claim.
  • Without prejudice – which means the plaintiff can still file a new lawsuit based on the same claim, such as when the defendant does not carry through on the terms of the settlement.

A dismissal can be made by the court, the plaintiff, or an agreement between both the plaintiff and defendant.

  • The court can dismiss a plaintiff’s case if the judge concludes the plaintiff’s case is without merit – often referred to as an involuntary dismissal.
  • A plaintiff can also dismiss a case – referred to as a voluntary dismissal.
  • When there is an out-of-court settlement, a dismissal will be filed by one of the parties stating the case is settled – often called a stipulation for dismissal or notice of dismissal. In New York, it is called a notice of discontinuance. (Settlement dismissals usually contain little or no information about the details of the settlement.)

The Scherzer Deal Report: January 31-February 4, 2022

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International and Lucas and Associates, LLC.

PE and VC Firms

$300M
Fourth early-stage VC fund and adjacent opportunity fund
 
$62M
Debut fund
 
$4.65B
Eighth growth equity fund
 
$186M
Climate-focused growth equity fund
 
$575M
Second fund
 
$500M
Second fund
 
$14B
Fourth infrastructure PE fund
 
$460M
Expansion fund

Private Equity Deals

O2 Investment Partners
Undisclosed
New York, NY-based PR, and strategic communications firm
 
Sony Interactive Entertainment
$3.6B
Bellevue, WA-based video game developer
 
Elliott Associates, Vista Equity Partners
$16.5B
Fort Lauderdale, FL-based provider of workplace virtualization software
 
K1 Investment Management
$350M
Redwood City, CA-based provider of automated customer experience assurance solutions
 
Apollo Global Management
$760M
Burbank, CA-based global media and production house for movies across various platforms
 
Carmelina Capital Partners
Undisclosed
Lafayette, CO-based provider of magnetic grippers and other industrial magnetic tools
 
H.I.G. Capital
Undisclosed
Cupertino, CA-based provider of data analytics for the telecom market
 
Arcapita
Undisclosed
Voorhees, NJ-based real estate appraisal management company
 
Brentwood Associates
Undisclosed
Carpinteria, CA-based maker of vegan beauty products
 
LLR Partners
Undisclosed
Dallas, TX-based provider of parking payments software
 
KKR, Panoramic Ventures
Undisclosed
Atlanta, GA-based high school sports media and technology company
 
Wynnchurch Capital
Undisclosed
Granite Bay, CA-based residential pool-build and pool-service franchisor
 
Godspeed Capital
Undisclosed
Woodbine, MD-based provider of ServiceNow software and IT automation solutions
 
Patient Square Capital
$340M
Herndon, VA-based provider of acute care telemedicine
 
Orangewood Partners
$40M
New York, NY-based omnichannel retail platform
 
Blackstone, Starwood Capital Group
Undisclosed
Wichita, KS-based portfolio of 111 hotels

Venture Capital Deals

General Catalyst, Tribe Capital
$132M
Mountain View, CA-based remote patient monitoring company
 
Legacy Knight Capital Partners
$240M
Houston, TX-based e-commerce-as-a-service startup
 
Koch Disruptive Technologies, Temasek, The Engine, Tyche Partners, M-Ventures, IMEC XP, Fitz Gate
$56M
Sunnyvale, CA-based developer of hardware and software for machine learning chipsets
 
Tiger Global, Sequoia Capital, Insight Partners, Sapphire Ventures, Steadview Capital
$250M
Walnut, CA-based subscription management and recurring billing platform
 
QED Investors, Sands Capital Management, 111 West, Brewer Lane Ventures, Spider Capital, GRA Venture Fund
$20M
Atlanta, GA-based AI startup focused on healthcare fraud
 
Index Ventures, Accel, YC, Credo Ventures
$20M
San Francisco, CA-based collaborative data science notebook
 
SoftBank, Mubadala Capital, 3E Bioventures, Mirae Asset Capital, NS Investment, Leaps by Bayer, Polaris Partners, Samsara BioCapital, Arch Venture Partners, EcoR1 Capital, Maverick Ventures
$150M
Boston, MA-based biomolecular condensates startup
 
SC Holdings, Trustbridge Partners
$75M
San Francisco, CA-based digital fitness app that pairs users with trainers
 
Emerson Collective, Minderoo Foundation, Tusk Venture Partners, Labcorp, Healthworx, Byers Capital
$20M
Miami, FL-based at-home lab visits startup
 
Glade Brook, Nexus Venture Partners, FJ Labs, 500 Startups
$30M
New York, NY-based travel experience discovery and booking app
 
Conductive Ventures
$26M
Mountain View, CA-based recruitment platform
 
Insight Partners, Sequoia Capital, Cyberstarts, Stripes
$100M
Dallas, TX-based secure web browser for businesses
 
General Catalyst, Human Capital, W Health Ventures, Redesign Health, 7wireVentures
$25M
New York, NY-based cancer care navigation and experience platform
 
Accel, Insight Partners, Tiger Global, Wing VC
$71M
Boston, MA-based engineering management platform
 
Peak6, Khosla Ventures, MetaProp, Two Lanterns, MUFG Innovation Partners, Gaingels
$15M
New York, NY-based commercial real estate securities marketplace
 
SoftBank, BlackRock, CSX, Janus Henderson
$200M
Chicago, IL-based on-demand freight marketplace
 
Coatue, Primary Venture Partners, 645 Ventures
$50M
New York, NY-based digital ordering platform for enterprise restaurant chains and ghost kitchens
 
Andreessen Horowitz
$30M
San Francisco, CA-based billing and data infrastructure platform for usage-based companies
 
BlackRock, Fidelity
$119M
Los Angeles, CA-based connected TV ad-tech company
 
At One Ventures, Extantia, Starlight Ventures, Valo Ventures, Irongrey, Wieland Group, MetaPlanet, Bill Gates
$30M
Bothell, WA-based hydrogen-focused home heating startup
 
Tiger Global, Sequoia, Khaled Helioui, Expa, Emerson Collective, Lux Capital
$40M
San Francisco, CA-based challenger bank focused on student loans
 
USVP
$15M
New York, NY-based visualization and e-commerce merchandizing startup
 
Tiger Global, Defy.vc, Greylock
$40M
Larkspur, CA-based B2B marketplace for sustainable ingredients and packaging
 
Monogram Capital Partners
$30M
Oakland, CA-based better-for-you soda brand
 
01 Advisors and Velvet Sea Ventures
$100M
Lincoln Park, MI-based superheroes and comic book NFT collection
 
Insight Partners, Madrona Venture Group, Noro-Moseley Partners, StageDotO Ventures
$70M
Boise, ID-based cybersecurity company
 
Dragoneer, Tiger Global, Bessemer Venture Partners, Sequoia Capital, Kleiner Perkins, Index Ventures, Credo Ventures
$125M
San Francisco, CA-based customer-centric product management platform
 
Semcap, Swander Pace Capital, Fresh Del Monte
$50M
Boulder, CO-based breakfast, and granola brand
 
Insight Partners, Kleiner Perkins, S28 Capital
$56M
San Francisco, CA-based open-source customer data platform
 
The Chernin Group
$40M
Los Angeles, CA-based DTC protective eyewear provider
 
Jefferies, Antara Capital, Sony Innovation Fund, FM Capital, Spark Capital, General Catalyst, Citi
$125M
Boston, MA-based scooter fleet developer
 
QED Investors, Nyca, Deciens, YC, Webb Investment Network
$25M
San Francisco, CA-based embedded insurance startup
 
Questa Capital, Generator Ventures, First Trust, 4100 Group, OCA Ventures
$30M
Palo Alto, CA-based provider of care solutions for those with serious illnesses
 
Canaan Partners, Founders Fund, Initialized Capital, NFX, Enlightened Hospitality Investments, and Lennar
$30M+
New York, NY-based commercial property ownership platform for SMB
 
Lowercarbon Capital, Fifty Years, S2G Ventures, Virgin Group, Collaborative Fund, FootPrint Coalition
$37M
Brooklyn, NY-based vegetable oil alternative startup

The Scherzer Deal Report: January 24-28, 2022

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International and Lucas and Associates, LLC.

PE and VC Firms

$1.1B
Fund focused on the Vietnamese logistics sector
 
$2B
First growth equity fund
 
$75M
Telehealth-focused VC fund

Private Equity Deals

Recognize
Undisclosed
Lisle, IL-based cloud services provider
 
Trivest Partners
Undisclosed
New York, NY-based private equity subsidiary of P10 Inc.
 
NextGen Growth Partners
Undisclosed
Chicago, IL-based maker of steel panels for covering doors and windows in vacant buildings
 
PSG
Undisclosed
Dedham, MA-based SaaS for electronically writing and transmitting prescriptions to pharmacies
 
Francisco Partners
Undisclosed
Chicago, IL-based supply chain planning software firm in which it had previously invested
 
Brighton Park Capital
$140M
San Francisco, CA-based tech consulting and development firm
 
CIVC Partners
Undisclosed
Calabasas, CA-based provider of survey and sampling services
 
Norland Capital
Undisclosed
Logan, UT-based provider of municipal workflow software
 
Harbour Point Capital
Undisclosed
Columbus, NE-based provider of ambulance transportation services
 
PSP Capital
Undisclosed
McLean, VA-based managed IT services provider
 
Vista Equity Partners
$150M
Alpharetta, GA-based provider of workplace management software
 
Broad Sky Partners
Undisclosed
Swedesboro, NJ-based provider of life sciences lab supplies equipment

Venture Capital Deals

General Atlantic, Generation Investment Management, KKR
$295M
Dallas, TX-based provider of supply chain analytics
 
Insight Partners, General Atlantic, Silver Lake
$175M
Seattle, WA-based marketplace for senior care services
 
Craft Ventures, Bonfire Ventures, BullPen Capital, CRV
$20M
San Francisco, CA-based provider of sales performance analytic
 
Autotech Ventures, Clear Haven Capital Management, Emergent Ventures, Nelnet, Rise of the Rest, SaaS Ventures, TNT Ventures
$78M
Lincoln, NE-based fintech focused on the trucking industry
 
Sapphire Ventures, Tiger Global, SoftBank, Boldstart Ventures, StepStone Group, Matrix Capital Management, Lerer Hippeau
$207M
New York, NY-based blockchain infrastructure company for node management and staking
 
The Production Board
$30M
Emeryville, CA-based developer of molecular beverage printers
 
Iconiq, Sequoia, Accel, and Sapphire Ventures
$100M
San Francisco, CA-based sales commission software startup
 
Morningside, Matrix Partners, General Catalyst, Outsiders Fund
$30M
New York, NY-based maker of health-monitoring toilets
 
Intel Capital
$35M
Ann Arbor, MI-based IoT search engine
 
Manna Tree, Sator Grove Holdings, Lineage Logistics, Grupo Nutresa, Eclipse Ventures, Hanaco Growth Ventures
$60M
Pleasanton, CA-based wholesale food and restaurant supplies marketplace
 
Greenoaks, Lachy Groom
$37M
San Francisco, CA-based wealth management platform for tech founders and employees
 
Insight Partners, Ibex, Fusion VC
$20M
US, Canada, and Israel-based natural language processing startup focused on medical records
 
Zeev Ventures, GSV Ventures
$110M
Berkeley, CA-based creating learning community
 
Adams Street Partners, StepStone Group, DTCP, Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Cisco Investments
$160M
Santa Clara, CA-based SQL lakehouse company
 
Tiger Global, Foundation Capital
$21.5M
San Anselmo, CA-based startup that helps make off-the-shelf lawnmowers autonomous
 
Magnetar Capital, GCM Grosvenor, Squarepoint Capital, Woody Creek Capital Partners, Cincinnati Children’s Hospital Medical Center, CincyTech, Cintrifuse, Ohio Innovation Fund
$215M
Cincinnati, OH-based developer of wearable drug delivery systems
 
SoftBank, Jones Feliciano Family Office, Lauder Zinterhofer Family Office, Schusterman Foundation, Related Cos., Wilshire Lane Capital
$130M
New York, NY-based credit building startup
 
D1 Capital Partners, Spark Capital, General Atlantic, Index Ventures, Mammoth, CapitalG, Altimeter, Iconiq, Canapi Ventures, Parafi Growth Fund
$500M
New York, NY-based infrastructure provider for digital assets
 
GP Bullhound, Benchmark, NEA, Dragoneer, Valor Equity Partners
$49M
San Francisco, CA-based bug bounty company
 
TCV, GFC, Blue Ivy Ventures, Index Ventures, IVP, SVB Capital
$60M
Mountain View, CA-based talent retention platform
 
Vista Equity Partners
$70M
Boston, MA-based zero-party data platform
 
Tola Capital, Invus Opportunities, 8×8, Koupa, Elad Gil, Picus Capital
$18M
San Francisco, CA-based platform for converting contracts into structured data
 
Northpond Ventures, Westlake Village BioPartners, Vida Ventures, Gilead Sciences, RTW Investments, CAM Capital, Insight Partners, HealthCor, LYFE Capital, Intellia Therapeutics, Argentum Peak, Hudson Bay Capital, jVen Capital
$85M
Emeryville, CA-based cell therapy biotech
 
BAM Elevate, Harbor Spring Capital, Northern Trust, Simon, Costanoa Ventures, Hyde Park Venture Partners
$50M
Chicago, IL-based retail-as-a-service platform
 
Insight Partners, Redpoint Ventures, F-Prime Capital, Social Leverage, Founders’ Co-op
$32M
Seattle, WA-based customer experience platform for freight forwarders
 
PFM Health Sciences, Farallon Capital Management, Moderna, Eventide Asset Management, Deep Track Capital, Frazier Life Sciences, Pura Vida Investments, Irving Investors, Millennium Management, Surveyor Capital, Marshall Wace, Novo Holdings, Bristol Myers Squibb, and insiders RA Capital Management, Bayer, Humboldt Fund
$175M
Emeryville, CA-based gene-editing startup
 
HSCM Ventures, Lineage Logistics, Flexport, GLP Capital Partners, Luna
$25M
Denver, CO-based supply chain insurer
 
One Madison Group, JS Capital, Walmart, SoftBank
$400M
South San Francisco, CA-based indoor vertical farming company
 
Menlo Ventures, Movement Mortgage, First American Financial, FinVC, 8VC, Khosla Ventures, Fifth Wall
$37M
San Francisco, CA-based mortgage capital markets SaaS
 
Spectrum Equity
$45M
Pleasanton, CA-based consumer credit score startup
 
Craft Ventures, Accel
$33M
Walnut, CA-based revenue team workspace
 
Third Rock Ventures, Samsara BioCapital, BVF Partners, Invus, Catalio Capital Management, Casdin Capital, Logos Capital
$100M
South San Francisco, CA-based biotech targeting G protein-coupled receptors
 
Energy Impact Partners, Fontinalis Partners, Google, Iron Pillar, Qualcomm Ventures, Nexus Venture Partners, Moneta Ventures
$70M
San Jose, CA-based connected vehicle platform
 
Insight Partners, StepStone Group, Knollwood
$31M
Acton, MA-based container security startup
 
Bain Capital Ventures, Union Square Ventures, Matchstick Ventures, Starting Line Ventures, 2048 Ventures, Range Ventures
$35M
Denver, CO-based virtual photoshoot platform for e-commerce
 
March Capital, Doha VC, B. Riley VC, AEI Horizon X, Temasek, Alan Howard, Peter Löscher
$123M
Austin, TX-based cognitive AI startup
 
Left Lane Capital
$20M
New York, NY-based in-network psychiatric care startup
 
Target Global, PICO Venture Partners, Bolt Ventures
$40M
Miami, FL-based at-home vet care service
 
Tiger Global, Lineage Logistics, Proficio Capital Partners, Impulse
$65M
Waltham, MA-based maker of autonomous warehouse forklifts
 
Scale Venture Partners, Glasswing Ventures, Flyover Capital, Zetta Venture Partners, Forte Ventures, BMW i Ventures, Kubera VC
$25M
Atlanta, GA-based materials management platform for supply chains
 
Andreessen Horowitz, Zigg Capital, Conversion Capital, Bain Capital Ventures
$30M
San Francisco, CA-based mortgage infrastructure startup

Expungement of Criminal Convictions – California Style

Some states allow a defendant convicted of a crime to apply for a court order limiting public access to the conviction record or to restore rights and remove disabilities caused by the conviction. This type of order is commonly referred to as an expungement; however, the qualifications for obtaining an expungement and the effect of the expungement vary among the states that allow expungements.

California has an expungement procedure set forth in Penal Code 1203.4. If a defendant meets the qualification of Penal Code 1203.4, the court will allow the defendant to withdraw a plea of guilty or no contest, to reenter a plea of not guilty, and to have the case dismissed. The defendant is also relieved from many of the negative consequences of a criminal conviction.

When reviewing California criminal records showing a conviction, it is important to note if there is also a reference to a Penal Code 1203.4 dismissal because this can impact whether the record is reportable in a background check for a California employer. For example, California law does not allow the reporting of criminal records that result in a non-conviction in employment-purpose reports. Even though the record shows a conviction, the Penal Code 1203.4 dismissal effectively means the conviction never happened.

The reference to the code section will typically be found on the case docket, dated a year or so after the conviction date.

The Scherzer Deal Report: January 18-22, 2022

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International and and Lucas and Associates, LLC.

PE and VC Firms

$67M
Second fund
 
$1B+
BDC-structured fund that will lend to large corporations
 
$8.75B
Fourth capital opportunities fund
 
$200M+
Decarbonization fund
 
$500M
Tenth VC fund
 
$2B
VC fund
 
$41M
Second fund
 
$1.95B
Second communications infrastructure fund
 
$1.1B
Fourth private equity fund
 
$567M
Third growth equity fund
 
$293M
Third growth equity fund
 
$35M
Debut fund

Private Equity Deals

EIG
$400M
Los Angeles, CA-based solar energy project and storage company
 
L Catterton
Undisclosed
Stamford, CT-based acquirer, and operator of veterinary hospitals for companion animals
 
Incline Equity Partners
Undisclosed
Azusa, CA-based provider of environmental remediation and indoor air quality services
 
Olympic Forest Products of Cleveland
Undisclosed
Nyack, NY-based national industrial pallet broker, and wholesaler
 
Kidd & Co.
Undisclosed
Houston, TX-based specialty construction services firm focused on micro-tunneling
 
Arsenal Capital Partners
Undisclosed
Warren, MI-based industrial automation solutions provider
 
FTV Capital
$60M
Tampa, FL-based nurse staffing platform
 
Arsenal Capital Partners
Undisclosed
Bolton, MA-based maker of hyperspectral imaging systems and other optical components
 
Revelstoke Capital Partners
Undisclosed
Tampa, FL-based provider of core administrative processing solutions to healthcare payors
 
Wynnchurch Capital
Undisclosed
Frederick, MD-based warehouse retailer with over 300 locations
 
KKR
Undisclosed
Austin, TX-based provider of short-term mortgage products
 
SkyKnight Capital
Undisclosed
Charlotte, NC-based provider of financial services to accredited investors
 
Stellex
Undisclosed
Auburn, WA-based plumbing services platform
 
Susquehanna Private Capital
Undisclosed
Middletown, PA-based youth soccer training franchisor
 
Nautic Partners
Undisclosed
Milwaukee, WI-based provider of care solutions to post-acute pharmacies and pharmacy benefit managers
 
Satori Capital
Undisclosed
San Leandro, CA-based flavors company

Venture Capital Deals

Blue Owl, MSD Partners, SoftBank, B Capital Group, Franklin Templeton, Insight Partners, Tiger Global
$600M
San Francisco, CA-based predictive intelligence platform
 
Andreessen Horowitz
$52M
Menlo Park, CA-based computer vision startup focused on building security
 
Alkeon Capital Management, Silverton Partners, Insight Partners, Pacific Western Bank, Colorcon Ventures
$100M
Jersey City, NJ-based pharma manufacturing execution platform
 
Andreessen Horowitz, Kleiner Perkins, Lightspeed Venture Partners, 01A
$170M
Santa Monica, CA-based NFT platform
 
Third Point Ventures, SIG, Alter Venture Partners, Shasta Ventures, Unusual Ventures
$30M
San Francisco, CA-based provider of zero-trust network access solutions
 
VenBio Partners, Qiming Venture Partners, PXV Fund, Bristol Myers Squibb, Janus Henderson, Affinity Asset Advisors, Boxer Capital, LifeSci Venture Partners
$75M
Hillsborough, NJ-based RNA therapeutics startup
 
Blackstone Growth, Light Street Capital, Maverick Capital, B Capital Group
$225M
Sunnyvale, CA-based revenue operations platform
 
Coatue, Atlassian Ventures, Accel, Greylock Partners, Bain Capital Ventures
$45M
San Francisco, CA-based time management and calendar too
 
BuildGroup, Capital Creek, RTP Global, CEAS, Poplar Ventures
$36M
Boston, MA-based provider of software to solar energy providers
 
Jackson Square Ventures, Homebrew, Bee Partners, UC Berkeley’s House Fund, Harrison Metal, PacWest
$22M
Berkeley, CA-based low-code app development platform
 
Revolution Growth, Kayne Partners, Masco Ventures, Camber Creek, Comcast Ventures, Brick & Mortar Ventures, Second Century Ventures
$65M
Potomac, MD-based pay-at-closing home improvement platform
 
Durable Capital Partners, Telesoft Partners, Green Cow VC, Warburg Pincus
$100M
Baltimore, MD-based provider of financial planning benefits for employees
 
Mercedes, Stellantis
$200M
Woburn, MA-based maker of solid-state batteries
 
Coatue, Valiant Peregrine Fund, Base10
$200M
San Francisco, CA-based career network for U.S. college students
 
Camber Creekled, The BAM Cos, Berger Rental Communities, Bonaventure, CA Ventures, Continental Realty, Embrey Partners, Klein Enterprises, Koman Group, Mark-Taylor, Masco Ventures, Pier 88, Standard Communities, Strata Equity Group, Vesta Ventures, Wermers Cos
$52M
San Francisco, CA-based rental property condition data platform
 
Joyy Inc., Engage Capital, Source Code Capital, ZhenFund
$40M
San Francisco, CA-based provider of print-on-demand apparel design and manufacturing
 
VenBio Partners, Foresite Capital, Decheng Capital, Surveyor Capital, OrbiMed, Novartis, RMGP, Bukwang Pharma
$111M
Camarillo, CA-based developer of cancer CAR-T cell therapies
 
Franklin Templeton, Bond, YC Continuity, Emergence, Lux, Haystack, Accel, Sequoia Capital
$150M
San Francisco, CA-based digital contracting platform
 
Insight Partners, Clearlake, Obvious Ventures, J&J, Eli Lilly, Breyer Capital
$150M
Cambridge, MA-based developer of GI disease software
 
Left Lane Capital
$125M
Long Beach, CA-based platform for buying cryptocurrencies via IRAs
 
Thrive Capital, Elad Gil, Dragoneer, Tiger Global, Founders Fund, HighSage Ventures, Shasta Ventures, Fuel Capital, and Khosla Ventures
$175M
San Francisco, CA-based employee management platform
 
Dragoneer, Coatue, Emerson Collective, Salesforce Ventures
$235M
Burlingame, CA-based provider of mental health care benefits for employers
 
GreatPoint Ventures, VMG Catalyst, Rally Ventures, Tribe Capital, Green Visor Capital, Compound Ventures, Clocktower Technology Ventures
$41M
New York, NY-based work management platform
 
GGV Capital, First Round Capital, Coatue, Upfront Ventures, American Express, Indeed, Kraken Ventures, Franklin Templeton
$50M
New York, NY-based payroll API
 
Felicis Ventures
$20M
Boston, MA-based growth platform for wholesale distributors
 
SoftBank, General Atlantic, Celesta Capital, Premji Invest, Chiratae Ventures
$100M
Burlingame, CA-based cloud marketing platform
 
8VC, Nexus Venture Partners, Matrix Partners India
$18M
Walnut, CA-based customer onboarding platform
 
Xerox Ventures, SIP Global Partners, Capricorn, True Ventures, Porsche Automobil Holding SE, Maniv Mobility
$21M
Wilmington, MA-based 3D metal printing company
 
Energize Ventures, Andreessen Horowitz, NEA
$24M
Mountain View, CA-based API developer platform for connected vehicles
 
Insight Partners, YC, Moment Venture
$16.5M
New York, NY-based SaaS for CPG formulations
 
J&J, Novo Nordisk, GV, Merck, Casdin Capital, Brook Byers, THVC, Breyer Capital
$150M
San Francisco, CA-based database for drug and medical device development
 
Lightspeed Venture Partners, Tiger Global, Coatue, Salesforce Ventures, CRV, Tusk Venture Partners, Silverton Partners
$150M
Austin, TX-based virtual healthcare recruiting platform

The Scherzer Deal Report: January 10-14, 2022

Here is this week’s Deal Report for private equity and venture capital activity for US-based PE and VC firms and portfolio companies, brought to you by Scherzer International and Lucas and Associates, LLC.

PE and VC Firms

$1.8B
20th flagship venture capital fund ($800M) and second select fund ($1B)
 
$1.01B
Fifth flagship fund ($640M), second opportunities fund ($270M), SPVs ($100M)
 
$1.3B
Debut fund
 
$300M
Fourth VC fund

Private Equity Deals

Apollo, Motive Partners, Franklin Templeton
$225M
New York, NY-based alternative investment platform
 
Marlin Equity Partners
Undisclosed
Jacksonville, FL-based provider of continuing education management and license verification software to the healthcare sector
 
Audax Private Equity
Undisclosed
West Bridgewater, MA-based wireless telecom infrastructure services provider
 
Sequoia Capital, Paradigm
$1.15B
Chicago, IL-based electronic trading firm
 
Godspeed Capital
Undisclosed
Linthicum Heights, MD-based provider of IT solutions to federal agencies
 
Court Square Capital Partners
Undisclosed
Salt Lake City, UT-based provider of 3D design and additive manufacturing solutions
 
Bayview Asset Management
Undisclosed
Dallas, TX-based real estate investment franchisor
 
Bregal Partners
Undisclosed
Fort Myers, FL-based provider of commercial landscaping services
 
Battery Ventures
Undisclosed
La Jolla, CA-based provider of multi-channel content authoring and publishing software
 
Entrepreneurial Equity Partners, Mubadala Capital
Undisclosed
Modesto, CA-based provider of freeze-dried fruit and vegetable ingredients
 
Arlington Capital Partners
Undisclosed
Fall River, MA-based provider of outsourced services to the med device and pharma markets
 
Topspin Consumer Partners
Undisclosed
Mamaroneck, NY-based provider of cooling solutions for sports, outdoor, and job-site applications
 
Leonard Green & Partners
Undisclosed
Minneapolis, MN-based provider of outsourced analytical testing to life sciences
 
Core Industrial Partners
Undisclosed
Grayslake, IL-based additive manufacturing services provider
 
Water Street Healthcare Partners
Undisclosed
Irvine, CA-based provider of medical equipment maintenance and management services
 
Sentinel Capital Partners
Undisclosed
Dalton, GA-based surf-racing products maker
 
Lee Equity Partners
Undisclosed
Fernandina Beach, FL-based physical therapy services provider

Venture Capital Deals

Eldridge Industries, Deer Park, Marshall Wace, MS&AD Ventures, Altamont Capital Partners
$190M
Atlanta, GA-based insurance risk exchange
 
Tiger Global, Aglaé Ventures, Maple VC, Twelve Below, Box Group, Red Sea Ventures, Ground Up Ventures, Good Friends, Silas Capital Ventures
$25M
Middletown, DE-based “save now pay later” startup
 
Anthemis Group
$40M
Fayetteville, AR-based farmland investing platform
 
Partners Investment, Murex Partners
$15M
West Hollywood, CA-based virtual reality concert platform
 
Advent International, Insight Partners
$190M
Mountain View, CA-based autonomous ops platform
 
BlackRock, Schonfeld, Invus Opportunities, CreditEase, H.I.G. Growth, Activant Capital, Moore Strategic Ventures
$355M
San Francisco, CA-based e-commerce checkout experience company
 
Top Tier Capital Partners
$40M
South Francisco, CA-based tech career guidance platform
 
Index Ventures, Bee Partners, Stage 2 Capital, 1984 Ventures
$30M
San Francisco, CA-based AI scribe service for healthcare
 
Brookfield Growth, BAM Elevate, Seven Seven Six, Triple Point Capital, Elad Gil, Menlo Ventures, Andreessen Horowitz, Initialized Capital, Haystack
$111M
San Francisco, CA-based flexible workspace platform
 
Animoca Brands, Delphi Digital, Gemini Frontier Fund, 6th Man Ventures, Jump Crypto, Red Beard Ventures, Spartan Capital, NGC Ventures, Lightspeed Venture Partners, Talis Capital, Verizon Ventures, Correlation Ventures, Basecamp
$40M
Los Angeles, CA-based pro sports leagues in which fans make key decisions
 
March Capital
$15M
San Mateo, CA-based provider of cloud-native payments orchestration solution
 
B Capital Group, D1 Capital Partners, Iconiq, Madrona Venture Group, Salesforce Ventures, Sapphire Ventures, Tiger Global
$248M
Seattle, WA-based provider of salesperson efficiency software
 
Thomas Tull, Franklin Templeton, Fidelity, First Light Capital Group
$130M
New York, NY-based beauty brand
 
Matrix Capital Management, General Catalyst, Andreessen Horowitz, Woodline Partners, Casdin Capital, City Hill Ventures, Foresite Capital, Driehaus Capital Management, Moore Strategic Ventures, Terra Magnum Capital Partners, NS Investments
$190M
South Francisco, CA-based startup focused on translating genetic insights into new medicines
 
Rose Park Advisors, Andreessen Horowitz, Bow Capital, Govtech Fund, Experian Ventures, Spike Ventures, InState Capital, Collier Fund, Metaplanet Holdings
$50M
Millbrae, CA-based digital credentialing platform
 
Stripes, Valar Ventures, Crosslink Capital, Rainfall Ventures, BoxGroup
$90M
Miami, FL-based neobank for SMBs
 
Menlo Ventures, Sequoia Capital, Acrew Capital
$35.6M
San Francisco, CA-based data visualization platform for developers and engineer
 
Addition, Keyframe, RET Ventures, Brookfield Growth, Era Ventures, A/O PropTech
$34M
Salt Lake City, UT-based autonomous building platform
 
Josh Buckley, WndrCo, Lachy Groom, MMC Technology Ventures, Fifth Wall Ventures, Array Ventures
$100M
Walnut, CA-based location data analytics startup
 
TPG, Thoma Bravo, Goldman Sachs, Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire, Sozo Ventures
$240M
Chicago, IL-based supply chain logistics company
 
General AtlanticRoad
$70M
Pittsburgh, PA-based waste management company
 
Tiger Global
$115M
Seattle, WA-based enterprise hiring platform
 
Elephant, Access Capital, Seamless Capital, Kemmons Wilson Companies
$56M
Austin, TX-based western footwear and apparel brand
 
Vista Equity Partners
$300M
Santa Monica, CA-based healthcare communications software provider
 
Level One Fund
$19M
Denver, CO-based hiring platform for the cannabis market
 
Atalaya Capital Management, Elm Park Capital Management, HighBar Partners, Benhamou Global Ventures
$73M
San Jose, CA-based provider of hybrid cloud monitoring solutions
 
NewRoad Capital Partners, Prologis Ventures, FirstMark Capital, Social Capital, Quiet Capital, Latitude Ventures, Engage VC
$25M
San Francisco, CA-based HR platform for supply chain companies

Decoding Criminal Case Dispositions

A “disposition” is the final outcome of a case, regardless of what it is called. Here is a list of typical criminal case dispositions.

Guilty or Conviction: This is the worst possible disposition if you are the defendant. It means that the case was heard and decided against you. With a conviction, the court will impose a sentence that may include jail time, probation, and paying a fine and court fees.

Not Guilty: The case actually proceeds to a trial, where a jury (or a judge in certain types of cases) decides that the evidence against the defendant was insufficient for a conviction. It does not mean the defendant was innocent – just that the case was heard and decided in the defendant’s favor.

Dismissal: A dismissal is entered when the court determines that the case should not move forward for some reason. There are many reasons for dismissals. For instance, there can be procedural errors, a lack of proper jurisdiction over the type of case, or the prosecutor decides to dismiss the charges (see below).

Nolle Prosequi or Nolle Prosse: A Latin phrase meaning “no more prosecution.” This is another way of saying that a case is dismissed by the prosecutor. This approach is often used when a defendant may agree to plead guilty to a lesser offense that guarantees the prosecution a conviction for a related offense, in exchange for the prosecutor “dismissing” the more serious charge.

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