Great Hill invests in Qualifacts

Boston-based private equity firm Great Hill Partners has acquired a majority stake in Qualifacts Systems. No financial terms were disclosed. Goodwin Procter advised Great Hill on the transaction while Raymond James Health Care Investment Banking Group and Baker Donelson P.C. advised Qualifacts. Headquartered in Nashville, Qualifacts is a provider of electronic health record and billing solutions for behavioral health and human services providers.

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Trending on peHUB this week: Blackstone is raising its second “tactical opportunities” fund, fears of a correction in the secondaries market, and Fortress, GE Capital and SBJ are looking for talent.


PE-backed Veracity Payment Solutions buys Vanco

Veracity Payment Solutions, a portfolio company of Great Hill Partners, said Tuesday that it has acquired Vanco Services. No financial terms were disclosed. The company will be rebranded as Vanco Payment Solutions. Also, Veracity has named Kevin Lee to lead Vanco as CEO. Raymond James & Associates advised Vanco on the transaction. Based in Minnesota, Vanco is an electronic payment solutions provider.


Network Merchants secures growth equity from Great Hill Partners

Network Merchants, a provider of e-commerce payment gateways and value-added services, has appointed Roy Banks and Kyle Pexton as CEO and CFO and secured a growth equity investment from Great Hill Partners. The firm joins existing investors Bregal Sagemount and the NMI founders.


Great Hill Partners invests in bswift

Great Hill Partners has made a minority investment in bswift. Financial terms weren’t announced. Chicago-based bswift offers software and services that aim to streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. Great Hill’s investment came from its fourth investment fund that closed at $1.1 billion in 2009. Raymond James & Associates acted as financial advisor to bswift.


Online home decor retailer Wayfair grabs $157 mln

Wayfair said Friday that it has closed $157 million in Series B financing. T. Rowe Price Associates led the round with participation from TripAdvisor CFO Julie M.B. Bradley. Headquartered in Boston, Wayfair is an online retailer of home furnishings and decor. Its backers include Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners.

Wayfair Raises $36.3M From Battery, Great Hill, HarbourVest & Spark

Wayfair.com said it raised $36.3 million in equity financing from Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital. The money will be used to grow Joss & Main, the company’s private sale site for the home. The site has nearly three million members and is operating at a $100 million annual revenue run-rate.

Veracity Payment Secures $80 Mln Commitment from Great Hill Partners

Great Hill Partners has made a $80 million commitment to Veracity Payment Solutions. Veracity’s founders, current management team and GTX Partners will retain a significant stake. Atlanta-based Veracity provides payment transaction processing services. SunTrust Robinson Humphrey provided financial advice to Veracity. PRESS RELEASE Veracity Payment Solutions, Inc., a privately-held merchant acquirer based in Atlanta, GA, […]

Great Hill Partners Buys Plimus for $115 Mln

A shareholder group including Susquehanna Growth Equity has sold Plimus for $115 million. Great Hill Partners was the buyer. Other selling shareholders include Plums founders, key management members and employees. Milpitas,Calif.-based Plimus provides e-commerce services. Great Hill, of Boston, is a PE firm that manages more than $2.5 billion in capital.

CSN Stores Inks $165M in Financing

Online home goods retailer CSN Stores has raised $165 million in its first round of institutional financing from Battery Ventures, Spark Capital, HarbourVest Partners and Great Hill Partners. The nine-year-old company, which says it is profitable, will use the cash infusion to expand as it consolidates its catalog under the brand Wayfair.com, the company said Tuesday. The company will also use the funds for potential acquisitions.

Great Hill Commits $100 Million to Credibility Corp.

Great Hill Partners has committed a $100 million to Credibility Corp., a privately-held company based in Los Angeles. Great Hill Partners has also funded Credibility Corp.’s recent buy of Credit-on-Self division, also known as the Self Awareness Solutions (SAS) operating unit, of D&B. Additional terms of the deal were not announced.

(Another) PE Owner for Ziff Davis

(Reuters) – A former Time Inc executive backed by investment firm Great Hill Partners has purchased technology publisher Ziff Davis, the company said on Friday. Ziff Davis, which is based in New York and publishes technology reviews online, including PCMag.com, did not disclose financial terms of the deal. Since Ziff Davis emerged from bankruptcy in […]

Prommis Solutions Files for $150 Million IPO

Prommis Solutions, an Atlanta-based provider of outsourced foreclosure and bankruptcy processing services to U.S. law firms, has filed for a $150 million IPO. Credit Suisse and Deutsche Bank Securities are serving as co-lead underwriters. The company reports nearly $255 million in 2009 revenue, compared to $192 million in 2008 and $128 million in 2007. Its […]

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