Family offices this month backed deals spanning insurance, hydration monitoring data technology and EV infrastructure.
Sept. 16 — Whitehole, the family office of Spanish entrepreneur Alejandro Ormazabal, acquired a 5.05% stake in EZO, an Irish operator of electric-vehicle charging points, marking the family office’s entry into infrastructure. Whitehole invested through the Irish vehicle Erapwh, combining a capital increase with a purchase of shares from one of EZO’s founding partners, using its WH Private Equity 2024 fund. The investment came alongside EZO’s separate close of up to €150 million in senior non-recourse financing from Aviva Investors and Aberdeen Investors, which will fund more than 3,000 new charging points across the U.K. and Ireland that the company estimates will generate over €1 billion in electricity-sales revenue over 20 years. (Dealroom)
Sept. 15 — Nix Biosensors, a maker of real-time sweat and hydration monitoring technology, closed a $10 million Series A, bringing its total funding to $17 million. The round was led by Shorewind Capital and Great Oaks Venture Capital, with White Road Investments, the family office founded by Clif Bar co-founders Gary Erickson and Kit Crawford, among the backers, alongside 23andMe co-founder Anne Wojcicki, Warner Music Group chairman Len Blavatnik and ownership groups from the St. Louis Blues, Boston Celtics, Baltimore Orioles, Boston Legacy FC and the Texas Rangers. Nix, whose sweat-sensing technology is already used across elite sports, the military and industrial labor markets, plans to use the funding to build out Nix Health, a licensable hydration-intelligence algorithm designed to plug into existing consumer health platforms without requiring a dedicated sensor, and to explore detecting additional biomarkers in sweat, including lactate, cortisol, glucose and testosterone. (PR Newswire)
Sept. 14 — DFO Management, the family investment office of Dell Technologies founder Michael Dell, agreed alongside Sequence Holdings to take insurance broker The Baldwin Group private in an all-cash deal valuing the company at approximately $7.7 billion. Baldwin shareholders will receive $32.50 per share, an 88% premium to the stock’s unaffected closing price in June, with the transaction expected to close in the first quarter of 2027. Dell called the deal a chance to back “proven operators” with the patience of permanent capital rather than a private-equity fund’s fixed exit clock, and the buyers plan to pair DFO’s long-duration capital with Sequence’s technology platform to accelerate Baldwin’s AI and infrastructure investments. (Coverager)