Business school isn’t always a requirement for candidates seeking careers at private equity firms. Some buyout shops promote their most talented associates/analysts into more senior positions without their having an MBA, several sources tell peHUB.
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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.
Atlanta-based Global Payments, a publicly traded electronic transaction processing company, has acquired Accelerated Payment Technologies of Pleasant Grove, Utah for $413 in cash from the private equity firm 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, [...]
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.
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 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.
(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, 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 [...]