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peHUB First Read

As we move into a Masters weekend, First Read has news about top performing private equity shop Vista Equity, the potential beginning of a stock market crash and J.P. Morgan’s Blythe Masters is under investigation by federal regulators.

VC-backed Zero Turnaround hires new CFO

According to a blog post on its site, Zero Turnaround has named Roger Colvin as chief financial officer. Colvin is the co-founder of Bullhorn, a Boston human resources software company that was acquired by Vista Equity Partners in mid-2012. Zero Turnaround is a provider of software development tools. Its backers include Bain Capital Ventures and Western Technology Investment. To read the announcement, visit here.

doshagain

Bain could earn 4x on Applied Systems – source

Bain Capital LLC stands to make more than 4x its invested capital when it completes the sale of insurance software maker Applied Systems Inc in a secondary sale to Hellman & Friedman LLC, a person with knowledge of the transaction told Buyouts.

TA Associates makes majority investment in Accruent

TA Associates has completed a majority investment in Accruent, a provider of real estate and facilities management software solutions. Existing investor Vista Equity Partners will retain a significant ownership position. Additional terms of the investment were not disclosed.

Vista completes Omnitracs aquisition

Vista Equity Partners has completed its acquisition of Omnitracs, formerly a subsidiary of Qualcomm Incorporated. Omnitracs has also signed a definitive agreement to acquire Roadnet Technologies, a provider of fleet management software solutions for private fleets.

OregonCoast

Oregon Pledge Sets Stage For Close of KKR Flagship Fund

With a $250 million follow-up commitment from the Oregon Investment Council, Kohlberg Kravis Roberts & Co’s latest flagship fund is within reach of its $8 billion target, a fundraising goal the firm started pursuing nearly two and a half years ago, according to Buyouts, peHUB’s sister magazine…

Bregal Sagemount Makes Minority Investment in MicroEdge

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.

Frontier Capital Sells Lanyon to Vista Equity Partners

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 Invests in Aderant Holdings

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.

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