Florida commits $872.5 mln to alternatives in Q2

The Florida State Board of Administration committed $872.5 million to alternative investments in the second quarter, including about $622.5 million to private equity, according to an investment summary provided by the pension system.


Thoma Bravo agrees to buy Sparta Systems

Thoma Bravo has agreed to acquire Sparta Systems from Summit Partners and Altaris Capital Partners. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of this year. Lazard was financial advisor to Sparta Systems. Headquartered in Hamilton, NJ, Sparta Systems is a provider of enterprise quality management solutions.


Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.


Thoma Bravo’s Deltek buys Axium

Deltek, a portfolio company of Thoma Bravo, has acquired Axium. No financial terms were disclosed. Axium is a provider of accounting and project management solutions.


Thoma Bravo’s LANDesk acquires Israel-based LetMobile

According to a post on its site by CEO Steve Daly, LANDesk, a portfolio company of Thoma Bravo, has acquired LetMobile. No financial terms were disclosed. Based in Tel Aviv, LetMobile is a secure mobile gateway provider. To read the announcement, visit here.


Genstar sells TravelClick to Thoma Bravo

Genstar Capital Management has sold portfolio company TravelClick to Thoma Bravo for $930 million. Thoma Bravo is a provider of cloud-based software solutions to the hospitality industry.


Genstar to exit TravelClick for $930 mln

Thoma Bravo has agreed to buy TravelClick from Genstar for $930 million. The deal is expected to be completed in the second quarter of 2014. Evercore served as financial advisor to Genstar and TravelClick while Ropes & Gray was legal advisor. TravelClick is a provider of cloud-based solutions for the hospitality sector.


Thoma Bravo completes GHX acquisition

Thoma Bravo has completed its acquisition of Global Healthcare Exchange, a provider of connected, intelligent healthcare supply chains. GHX is a leader in software solutions that automate healthcare’s medical-surgical supply chain, and last year, expanded its solutions into the operating room with implantable device supply chain applications.


peHUB First Read

Today First Read brings you news of Thoma Bravo and TPG fundraisings, an insight into the PE financing of technology companies and a first for Facebook shares.

Thoma Bravo to invest in Segall Bryant & Hamill

Thoma Bravo has signed a definitive agreement to invest in Segall Bryant & Hamill, an independent, employee-owned, investment management firm based in Chicago with more than $9 billion in assets under management. Financial terms were not disclosed.

Private equity firms bid for Munder – Reuters

Private equity firms Thoma Bravo, Blackstone Group in partnership with Advent International and Corsair in partnership with Flexpoint Ford LLC have submitted bids for Munder Capital Management in a deal that could be valued at up to $400 million, writes Reuters. New York-based private equity firm Crestview Partners is looking to sell Birmingham, Michigan-based Munder after owning it since 2006.

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