PE HUB Wire Highlights, 9.4.19


Photo of Luisa Beltran, PE HUB Senior Editor, courtesy of Buyouts Insider.

GI, TA consider options for MRI Software; VPAY bids come in below expectations; TCV, JMI Equity invest $250 mln in Clio

It’s Wednesday and I’m a little groggy after staying up to see Roger Federer lose. Heavy sigh. Is it just me or does it seem like Rafael Nadal‘s path to the finals is easier this time around?

We finally know what is happening with Patrick Doyle, former president and CEO of Domino’s Pizza. Doyle left Domino’s in 2018. He is now partnering with Carlyle Group to invest in public and private companies with established brands and an enterprise value of up to $10 billion. Family businesses are also a target, a statement said. What we don’t know is how much Carlyle is committing to the partnership.

Doyle is considered one of the best restaurant CEOs around. He is credited with helping transform the pizza company, whose sales nearly doubled during his tenure, Restaurant Business reported. Doyle is working with Jay Sammons, Carlyle’s head of global consumer, media & retail.

Big decisionWalmart yesterday decided to limit the sales of guns and other ammunition following shootings at its stores, according to press reports. It’s also discouraging customers from openly carrying guns in its stores in states where it’s legal, DealBook said, while calling on Congress to increase background checks and debate reimposing a ban on assault weapons. Kroger is also asking customers not to openly carry guns in its stores.

Hubsters, we’ve talked about gun violence before. Many of you had suggestions. Did Walmart do enough to curb gun violence? What more should they do? Did they go too far? Email your thoughts to me here at lbeltran@buyoutsinsider.com

Deals and funds: TCV and JMI Equity have invested $250 million in Clio, a provider of cloud-based legal technology. See our brief here.

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