RedPrairie Buys VC-Backed SmartTurn

RedPrairie Holding Inc., a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems has acquired Smartturn Inc., an Oakland, Calif.-based provider of on-demand inventory and WMS. No financial terms were disclosed. RedPrairie recently was acquired by New Mountain Capital, while SmartTurn has raised around $5 million from Emergence Capital Partners and New Enterprise Associates.

RedPrairie Pulls IPO Filing, Following Acquisition

RedPrairie Holding Inc. has withdrawn its registration for a $172.5 million IPO, following its acquisition by New Mountain Capital. The company previously had been owned by Francisco Partners. RedPrairie is a a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems. It had approximately $194 million in revenue for the first nine months of 2009, […]

New Mountain Capital Closes RedPrairie Buyout

New Mountain Capital has completed its acquisition of RedPrairie Holding Inc., a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems. The seller was Francisco Partners, which held an 89.7% equity position, based on a 2005 buyout. RedPrairie is in registration for a $172.5 million IPO, although it is expected to withdraw the filing.

New Mountain Capital Acquires RedPrairie

RedPrairie Holding, Inc., a logistics consultancy company based in Milwaukee, has agreed to be acquired by New Mountain Capital, L.L.C., a New York-based private equity firm, for an undisclosed amount. The company, owned by Francisco Partners, filed for a $172.5 million IPO in November 2009. The company had approximately $194 million in revenue for the first nine months of 2009, and net income of $12.45 million. Francisco Partners acquired RedPrairie in 2005, and currently holds an 89.7% equity position.

RedPrairie Files for $172.5 Million IPO

RedPrairie Holding Inc., a Waukesha, Wisc.-based provider of inventory, warehouse, transportation and workforce management systems, has filed for a $172.5 million IPO. BoA Merrill Lynch and Credit Suisse are serving as co-lead underwriters. The company had approximately $194 million in revenue for the first nine months of 2009, and net income of $12.45 million. Francisco […]

fund

New Mountain, Levine Leichtman Hit Fundraising Trail for New Pools

The fundraising market may be difficult but that’s not stopping New Mountain Capital and Levine Leichtman Capital. New Mountain is officially out marketing for a $3 billion fund, while Levine Leichtman is seeking $1.5 billion for its latest structured pool which may be increased to $2 billion.

Reuters – JDA Software Group to be Sold in $1.9B Deal

JDA Software Group Inc., a maker of supply-chain management software, agreed to be bought by privately held rival RedPrairie for about $1.9 billion in cash. The $45 per-share offer represents an 18 percent premium over JDA’s Wednesday close. JDA shares, which closed at $38.15 on the Nasdaq, rose to $44.76 on Thursday morning. Reuters reported on Monday, citing sources, that JDA was exploring a sale and had hired JPMorgan Chase & Co. as adviser.

Advent International Enlists Help of Software Veteran Harry Debes

Harry Debes, who retired as CEO of Lawson Software earlier this year, has joined the “operating partner program” of Advent International, the New York-based private equity firm. Debes’s role will involve advising and working closely with Advent’s investment teams to identify attractive opportunities. Advent’s operating partner program includes more than 80 senior executives, who advise […]

PE Week Wire — Friday, May 27

FRIDAY, MAY 27 Random Ramblings (Part Duex) Some odds and ends to carry us into the weekend: *** Survey Reminder: By now you should’ve received an email about completing our bi-annual ACG/Thomson DealMakers Survey. It only takes a few minutes to fill out, and all respondents will be entered in a drawing to win incentives […]

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget