DriveCam Adds $85M For Acquisition

San Diego, Calif.-based DriveCam Inc., a developer of video-based driver safety technology, has sealed $85 million from buyout firm Welsh Carson Anderson & Stowe. The funds are aimed at supporting the acquisition of RAIR Technologies, a provider of regulatory compliance technology for DOT-regulated fleets.

Welsh Carson To Buy Triple Point Tech from ABRY

Boston-based private equity firm ABRY Partners is expected to exit Triple Point Technology after five years, sources say.

Welsh, Carson, Anderson & Stowe is buying Triple Point, persons say. The $500 million sale is expected to close this week, one source says.

Westport, Conn.-based Triple Point provides software to manage commodities and enterprise risk. The company employs more than 600 people in 12 offices and support centers around the world, according to the Triple Point web site


Welsh Carson Anderson & Stowe Backs GlobalCollect

Private equity investment firm Welsh Carson Anderson & Stowe has inked a stake in GlobalCollect, a provider of local e-payment services. The firm is buying a majority stake from growth equity firm General Atlantic. The terms of the transaction were not disclosed.

Top 10 List: Your Favorite HUB Posts This Week

What stories did your colleagues find to be must-read this past week? Below are the 10 posts that were most popular with regular readers of peHUB:

Miami Shop Eyes $450 Million for Growth Buyouts, by Bernard Vaughan

Arsenal Capital to Reload with Fund III, by Jon Marino

Banned for Life: Catching up with Entrepreneur Noah Kagan, by Connie Loizos

As Froth Makes Comeback, So Does ‘Sudden Wealth Syndrome,’ by Connie Loizos

BrightSource IPO Could Make Big Winners of VantagePoint, DFJ, by Mark Boslet

Welsh Carson Looking for “Toeholds”: Queally, by Bernard Vaughan

CI Capital Raises $620M for Roll-Up Deals, by Steve Bills

Poll Results: Majority Believes White iPhone 4 Will Be Released But Most Would Still Buy iPhone 5, by Luisa Beltran

Tony Roma’s, Known for Its Ribs, is Up for Sale, by Luisa Beltran

Patria, Backed by Blackstone, Seen Smashing $900M target of Fourth Fund, by Luisa Beltran

Welsh Carson Looking For “Toeholds”: Queally

Welsh Carson Anderson & Stowe, which typically does buyouts, is currently looking at several minority investments in public companies, Paul Queally, co-president of the firm, said during the closing panel at today’s Buyouts New York conference. “You might see some 13-Ds from us,” Queally said, in response to a question on opportunities the firm is […]

Oxford Finance Nets $460M

Oxford Finance, a company that makes loans to life science and healthcare companies, has raised $460 million from Sumitomo Corp. and private equity firm Welsh, Carson, Anderson & Stowe, Reuters reported. Oxford Finance has been majority-owned by Sumitomo since 2004. The company will use the new money, in part, to expand its portfolio.

‘Like Writing the Ex-Girlfriend One Last Letter’

It all started with a letter. Rob Morris didn’t even expect a reply.

“I viewed it in my mind like writing the ex-girlfriend one last letter, and I would never hear from the person,” said Morris, the managing partner of Olympus Partners, a buyout shop in Stamford, Conn.

Morris had no connections to Spencer Bachus, the letter’s intended recipient and the chief candidate to become chairman of the House Financial Services Committee after the GOP took the House of Representatives last November. In fact, Morris had no experience dealing with Washington, D.C.

But Morris had been studying provisions of the Dodd-Frank financial reform law that would require private equity firms to register as investment advisers, and the registration provision struck him as a waste …

This Anti-Registration Campaign Might Have Legs

It looks like the campaign against SEC registration is gaining momentum. The House Financial Services Committee will hold a hearing next Wednesday, March 16, to review draft legislation to exempt advisers to private equity funds from the Dodd-Frank Act, according to a House staff source, Buyouts is reporting. The bill would seek to restore the […]

2011 The Year Of Buyout Shop Takeovers?

Could 2011 be the year big buyout shops start buying small firms? Paul Queally, co-president of Welsh Carson Anderson & Stowe, predicted at the Dow Jones Private Equity Analyst Outlook conference that this would be the year we would see at least one such deal, and his rationale is intriguing. For smaller firms, the cost […]

It’s the Demographics, Stupid

This fall, the GOP won back the U.S. House of Representatives, snagged several Senate seats and assumed control of more state legislatures than at any time since 1928. Now, judges in red states are calling the constitutionality of ObamaCare into question and Republican lawmakers are pledging to take down the landmark healthcare bill, either piecemeal […]

Welsh, Carson, Anderson & Stowe Adds William Eisenbeis

New York-based private equity firm Welsh, Carson, Anderson & Stowe has named William Eisenbeis to the post of senior industry executive. At the firm, Eisenbeis will focus on financial technology and services investments, helping source deals, conducting due diligence and monitoring portfolio companies. Previously, Eisenbeis was head of the principal strategic investments group at Citadel.

Humana Inks Deal to Buy Concentra for About $790 Mln from Welsh Carson

Humana said Monday that it has signed a deal to buy Concentra for about $790 million cash. The seller is Welsh Carson, a New York PE firm, that bought Concentra in 1998. Addison, Texas-based Concentra provides occupational medicine, urgent care, physical therapy and wellness services to workers and customers from more than 300 medical centers in 42 states. The sale is expected to close in December. News of the Concentra auction was reported by peHUB in September.

Welsh Carson Buys Majority Stake in Smile Brands from Freeman Spogli

Welsh, Carson, Anderson & Stowe said Wednesday that it has bought a majority stake in Smile Brands Group Inc. The seller is Freeman Spogli & Co., which will remain a minority investor. Financial terms were not announced. The deal is expected to close in December. Welsh Carson is a New York PE firm. Irvine, Calif.-based Smile Brands provides support services to general and multie-specialty dental groups. It operates under three brands: Bright Now! Dental, Castle Dental and Monarch Dental. Freeman Spogli is a buyout shop with offices in Los Angeles and New York.

US Oncology, Welsh Carson Portfolio Company, Sells For 9x: Updated

It’s Monday and we have a relatively large health care deal.

McKesson Corp. announced today that it was buying US Oncology, a Welsh Carson portfolio company, for $2.16 billion, including debt.

US Oncology has about $1.6 billion in debt, according to an August 10Q filing, which values the sale at about $560 million. The company had $28.1 million in income from operations for the quarter ended June 30, down nearly 24% from about $36.8 million for the same time period in 2009. US Oncology posted a net loss of about $12 million for the quarter ended June 30, which narrowed from $16.4 million in losses in 2009.

McKesson To Buy US Oncology for $2.16 Billion, Including Debt

McKesson Corp. said Monday that it has agreed to buy US Oncology, a portfolio company of Welsh Carson, for about $2.16 billion, including debt. The deal is expected to close by the end of McKesson’s fiscal third quarter, which is Dec. 31. San Francisco-based McKesson is a health care services and information technology company. US Oncology, of The Woodlands, Texas, is an integrated oncology company. Welsh Carson, a PE firm, invested in US Oncology in 2004.

Welsh Carson Closes Peak 10 Buy

Welsh, Carson, Anderson & Stowe, a private equity firm, has closed its buy of Peak 10. As part of the deal, Peak 10 has closed on a $155 million credit facility. Charlotte, N.C.-based Peak 10 is a data center operator.

Welsh Carson Buys Peak 10

Welsh, Carson, Anderson & Stowe has bought a majority stake of Peak 10, a Charlotte, N.C.-based data center operator and managed services provider. Peak 10’s management will also have a stake. The sellers were Seaport Capital and McCarthy Capital. Financial terms were not disclosed. The deal is expected to close in early October.

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