Home Authors Posts by Iris Dorbian

Iris Dorbian

Genstar Capital has agreed to acquire Austin-based Drillinginfo, a software, data, and analytics platform for the energy value chain. No financial terms were disclosed. At the losing of the deal, Insight Venture Partners will retain a "significant" minority stake in Drillinginfo.
First Read kicks off the day with news that Tesla is planning 500 job cuts, the U.S. Armed Forces is getting a Space Force despite the objections of the Defense Secretary, and GameStop is in talks with private equity firms.
Ironwood Capital has made an investment in Tallahassee, Florida-based Consulting Solutions International, a provider of contract consultants for IT and staff augmentation. No financial terms were disclosed.
American Real Estate Partners has appointed Paul Schulman as principal and chief operating officer. Previously, Schulman was president and COO of the U.S. office division of Brookfield Property Partners.
JPMorgan
In Second Opinion, JP Morgan is fined $65 million for trying to rig a benchmark rate, Shareholders protest selling Amazon’s facial recognition software to law enforcement and By 2021, eight states will have no income tax.
Bedrock has acquired five manufactured housing communities in North Carolina from Horizon Land Co. No financial terms were disclosed.
Spire Capital has made an investment in Greensboro, North Carolina-based Dynamic Quest, a managed service provider offering IT and cloud services to enterprises and businesses. No financial terms were disclosed. IT ExchangeNet provided financial advice to Dynamic Quest on the transaction. In addition to the funding, David Schaible, Andy Armstrong, Anthony Cassano and Rupali Varma will join DQ's board of directors.
American Vision Partners, which is backed by H.I.G. Capital, has acquired Miles Eye Center, an Arizona-based eye care provider. No financial terms were disclosed. Miles Eye Center will operate under the name of Barnet Dulaney Perkins Eye Center.
TPG Growth and The Rise Fund have agreed to acquire Austin, Texas-based CLEAResult, a provider of energy efficiency solutions for utility companies. The seller is General Atlantic. No financial terms were disclosed. The deal is expected to close later in the year. KeyBanc Capital Markets Inc. and Robert W. Baird & Co. provided financial advice to TPG while J.P. Morgan and Piper Jaffray did likewise for General Atlantic.
Private Equity Jobs of the Week
This week’s jobs includes a private equity director at PNC and associate spots at Morgan Stanley and Prudential.
pehub
pehub

Copyright PEI Media

Not for publication, email or dissemination