Hillary Clinton

PE HUB Second Opinion

In Second Opinion, global M&A drops in the third quarter, print and ebook revenue are down as Amazon slashes prices and new polls show Hillary Clinton is surging in key states following Monday’s presidential debate.

Digitech and Seed Sumo back CarForce

CarForce, which provides car dealers with real-time updates on the health of their customer’s vehicles, has secured an undisclosed amount of funding. The investors were Digitech Venture Capital Fund, Inc, Seed Sumo and Jason Calacanis.

OMERS and Harvest complete take-private buy of Epiq, which will merge with DTI

OMERS Private Equity and Harvest Partners have closed its previously announced acquisition of Epiq Systems Inc for $16.50 per share. Epiq will be combined with DTI, a U.S. legal processing outsourcing company, which is owned by OMERS. As a result of the transaction. Epiq will stop trading on the NASDAQ. Based in Kansas City, Kansas, Epiq is a provider of integrated technology and services for the legal sector.


Industrial Growth Partners buys SPL

Industrial Growth Partners has acquired Houston, Texas-based SPL, a provider of hydrocarbon measurement, analysis and reporting services for oil and gas production and transport in the U.S. No financial terms were disclosed.

Canaan Partners announces four promotions

Canaan Partners has promoted Brendan Dickinson to partner and Michael Gilroy to principal, according to a blog post. Both Dickinson and Gilroy work in the firm’s tech practice and are based in the New York office. And, in a separate blog post, the firm has been making changes in its healthcare practice as well by promoting Julie Papanek to partner and Colleen Cuffaro to principal. Papanek is based in Menlo Park and San Francisco, California while Cuffaro is in Westport, Connecticut.

Establishment Labs picks up $15 mln

Establishment Labs, a maker of breast implants, has secured up to $15 million in debt funding. The investors were Perceptive Advisors, JW Asset Management LLC and Relativity Healthcare Fund.

Payzer scores $4.25 mln Series B

Payzer, a financial tool for specialty trade contractors, has raised $4.25 million in Series B funding. The investors were Route 66 Ventures, Grotech Ventures and IDEA Fund Partners.

PE-backed Avast completes take-private AVG acquisition

Avast Software has closed its previously announced acquisition of Dutch security software company AVG Technologies for $25 per share. AVG will stop trading from the New York Stock Exchange as a result of the transaction. Jefferies International Limited is providing financial advice to Avast on the deal while Morgan Stanley & Co. LLC is doing likewise for AVG. Avast is backed by CVC Capital Partners and Summit Partners.

Simplus reels in over $7 mln Series A

Salt Lake City, Utah-based Simplus, a provider of quote-to-cash solutions, has secured more than $7 million in Series A funding. Epic Ventures led the round with participation from other investors that included Salesforce Ventures. Also, Simplus has acquired BaldPeak Consulting, which provides quote-to-cash services. No financial terms were disclosed.


PE HUB First Read

First Read ends the week with news Salesforce seeks to derail Microsoft/LinkedIn deal, Volvo aims to target luxury buyers with self-driving cars coming in five years and Marc Andreessen feels ’50 lbs. lighter’.