The middle market financing firm Golub Capital has provided a $25 million second lien term loan to support the acquisition of SourceMedical Solutions by the private equity firm ABRY Partners. SourceMedical provides outpatient information and revenue cycle management services for ambulatory surgery centers, specialty hospitals, and rehabilitation clinics nationwide.
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Xand and DBSi have merged to create a privately held data center firm. Xand was acquired by ABRY Partners in October 2011 and then merged with Access Northeast of Marlboro, Massachusetts in March of 2012. PRESS RELEASE Xand and DBSi today announced a merger creating a privately held data center firm unrivaled in the Northeast [...]
Masergy Communications has acquired Broadcore Communications, a provider of cloud communications solutions. Masergy was acquired by ABRY Partners last summer. PRESS RELEASE Masergy Communications, Inc. has acquired Broadcore Communications, a leading provider of cloud communications solutions. The acquisition will bolster Masergy’s cloud services portfolio with robust cloud-based unified communications services. Masergy championed cloud-based network visibility [...]
ABRY Partners has put an undisclosed amount of financing into NSM Insurance Group. Terms of the deal were not released. NSM Insurance provides development, implementation and underwriting of niche insurance programs.
Denver-based private equity firm KRG Capital Partners has completed its sale of Avizent to York Risk Services Organization Inc. The deal closed on December 15, and is KRG’s third exit from its third fund. York Risk Services Organization is a portfolio company of ABRY Partners. Terms of the all-cash deal were not released.
Xand Corporation, a provider of hosting services has been sold to a management team led by David Struwas and backed by ABRY Partners. DH Capital, an investment banking firm serving companies in the Internet infrastructure and communications sectors acted as financial advisor.
Boston-based private equity firm ABRY Partners is expected to exit Triple Point Technology after five years, sources say.
Welsh, Carson, Anderson & Stowe is buying Triple Point, persons say. The $500 million sale is expected to close this week, one source says.
Westport, Conn.-based Triple Point provides software to manage commodities and enterprise risk. The company employs more than 600 people in 12 offices and support centers around the world, according to the Triple Point web site…
Things haven’t been going so great over at the Pennsylvania State Employees’ Retirement System. It faces increasing obligations to pensioners, is over-allocated to private equity and has lost staff from its PE investment team. Against that backdrop, the $25 billion pension fund has been seeking buyers for as much as $3 billion worth of its PE investments, one [...]
Boston-based investment firms ABRY Partners and Berkshire Partners have acquired The Telx Group Inc. Telx, based in New York, is a provider of global interconnection and colocation services. Terms of the transaction were not disclosed. Evercore Partners served as financial advisor to Telx on the transaction and Paul Hastings LLP served as legal advisor.