MicroEdge has secured a minority investment from Bregal Sagemount. Existing investors Vista Equity Partners and the MicroEdge management team, led by CEO Preston McKenzie, will retain majority ownership. Additional terms were not disclosed. MicroEdge is a provider of software and services to the giving community worldwide.
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Frontier Capital has exited its investment in Lanyon, a provider of SaaS-based software solutions for the hospitality industry. Headquartered in Dallas, TX, Lanyon provides software-as-a-service content and spend management solutions for corporations, hotels and travel intermediaries in the global hospitality industry. The company was acquired by Vista Equity Partners.
Madison Dearborn Partners said Monday it has agreed to invest in Aderant Holdings. The sellers are Vista Equity Partners and company management, which will retain “significant” ownership positions. Financial terms weren’t announced. MDP is buying about half of Vista Equity’s and Aderant management’s stakes, the statement says. Atlanta-based Aderant provides business management software for law and professional services firms. BofA Merrill Lynch provided financial advice to MDP, while BMO Capital Markets and Marks Baughan advised Aderant and Vista.
Automatic Data Processing has sold its taxware division to Vista Equity Partners, a private-equity firm focused on investments in software and technology-enabled services. Terms of the sale were not disclosed. Mooreland Partners acted as exclusive financial advisor to ADP.
Private equity firm Vista Equity Partners acquired Bullhorn, Inc. No terms were disclosed. Recruiting software developer Bullhorn will operate as a stand-alone company. PRESS RELEASE Bullhorn Inc. has been Acquired by Vista Equity Partners Acquisition to Accelerate Bullhorn’s Growth and Product Plans BOSTON, MA (June 14, 2012) ― Bullhorn, Inc., the market leading recruiting software [...]
Misys, the British banking software company that is in talks about merging with its Swiss peer Temenos, received a rival approach from Vista Equity Partners, Reuters reported Monday. The Financial Times had earlier on Monday reported that the private equity firm was lining up a 1.2 billion pounds ($1.9 billion) bid for the British company. [...]
The New York City Bureau of Asset Management, which manages $115 billion in assets from the city’s five municipal pension funds, committed an impressive $880 million to four private equity funds, according to recent investment reports and a spokesman at the city comptroller’s office.
The largest of the four commitments was $300 million to Leonard Green & Partners‘ Green Equity Investors VI LP, a private equity fund with a $5 billion target. The Los Angeles-based consumer retail specialist is known for making investments in such high profile companies as Neiman Marcus, J. Crew, Whole Foods, Rite-Aid, Sports Authority, Petco and BJ’s Wholesale.
The fund has been on a fundraising tear…
Vista Equity Partners is acquiring Thomson Reuters‘ trade and risk management software business, which includes flagship product Kondor. Vista beat bids from other private equity firms including Cinven, Bridgepoint and Montagu Private Equity. The value of the sale was not disclosed, but the loan supporting the leveraged buyout is expected to be around $200 million, Reuters wrote. Thomson Reuters is the publisher of this blog.
Vista Equity Partners is paying $320 million to buy the healthcare unit of British software company Sage, Reuters reported. Sage will return all of the proceeds to shareholders through a share buyback program.
ADERANT, which is backed by Vista Equity Partners, has completed its buy of CompuLaw. Financial terms weren’t disclosed. Los Angeles-based CompuLaw provides automated court rules-based legal calendaring software. News of the deal was disclosed by Clear Capital Advisors, which provided financial advice to CompuLaw.