Earnest Inc, private equity, First Republic Bank, banking, merger, M&A

Earnest is said in talks with First Republic

Earnest Inc, an online lender, has held discussions with First Republic Bank, two sources said. Earnest’s talks were about a sale, one of the sources said, warning that the discussions were “not official.” The San Francisco company is seeking bids of around $200 million, Bloomberg reported earlier this month. Barclays is advising on the process, […]

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TA Associates to exit RGM Advisors

DRW Holdings LLC has agreed to buy RGM Advisors. Financial terms weren’t announced. TA Associates is the seller. RGM, of Austin, is a quantitative trading firm.

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Mountaingate Fund I closes with $395 mln

Mountaingate Capital said Aug. 16 that it closed its first fund at its $395 million hard cap. The target of Fund 1 was $300 million. Mountaingate, of Denver, invests in lower middle market companies in four sectors: marketing services, business/industrial services, specialty distribution and specialty manufacturing, including medical devices.

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CDH Investments to invest in SharkNinja

CDH Investments has agreed to invest in SharkNinja. Financial terms weren’t announced. SharkNinja, of Needham, Massachusetts, produces household cleaning and kitchen small appliances like vacuums and coffee makers.

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Vista invests in SecureLink

Vista Equity Partners has invested in SecureLink Inc. Financial terms weren’t announced. SecureLink, of Austin, provides third-party access and remote support for both enterprise companies and technology providers.

Cushman & Wakefield buys 20 VIC Management

Cushman & Wakefield, a TPG Capital portfolio company, said Aug. 16 that it has acquired 20 VIC Management Inc. Financial terms weren’t announced. 20 VIC, of Ontario, is a property management firm. George Buckles and Randy Scharfe, 20 VIC co-founders, are joining Cushman & Wakefield as executive managing directors, asset services.

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SK Capital reinvests in Archroma

SK Capital Partners said Aug.17 that it has reinvested in Archroma. Financial terms weren’t announced. Archroma is a Swiss chemicals company. SK Capital put Archroma up for sale in January, Reuters reported.

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Ares Management to invest in DuPage Medical

<Ares Management LP is investing in DuPage Medical Group in a deal valued at $1.45 billion. Sellers include Summit Partners. DuPage Medical, of Downers Grove, Illinois, is an independent, multi-specialty physician group. Buyouts reported Ares’s acquisition of DuPage last month. 

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Avenue Capital-backed blank check company to merge with Estre Ambiental

Boulevard Acquisition Corp II, a blank check company from Avenue Capital Group, is combining with Estre Ambiental SA. Estre, a leading management company in Brazil and Latin America, will become a public company with an initial enterprise value of $1.1 billion. Existing Estre shareholders will own 43 percent of the public company, while existing Boulevard stockholders will own the rest. The deal is expected to close in fourth quarter.

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PE-backed eSolutions buys RemitDATA

ESolutions, a portfolio company of Francisco Partners, said Aug. 16 that it has acquired RemitDATA Inc. Financial terms weren’t announced. RemitDATA, of Memphis, is a healthcare technology company that provides a comparative data and analytics platform.

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Artemis Health raises $16 mln

Artemis Health said Aug. 16 that it raised $16 million in Series B funding led by F-Prime Capital. Previous investors Maverick Ventures and Kickstart Seed Fund also participated. Artemis, of Salt Lake City, offers a benefit optimization data platform for employers.

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Summit Park exits Control

Summit Park said Aug. 15 that it has sold its portfolio company Control Company to Cole-Parmer. Financial terms weren’t announced. Control, of Webster, Texas, sells private label and branded laboratory equipment, including thermometers, timers, tools, humidity gauges, hygrometers and conductivity tools.

Pontifax Agtech, David Bonderman, agritech, agtech, food, nutrition, private equity, venture capital

Bonderman anchors $125 mln Pontifax Agtech fund: source

The debut fund from Pontifax Agtech, which features David Bonderman as an anchor investor, has so far raised more than $90 million, a source said. The Santa Monica, California, growth firm is seeking $125 million for Pontifax Global Food & Agriculture Technology Fund LP, according to a June SEC filing. Cebile Capital is the placement agent, the filing said. Pontifax began fundraising […]

Pontifax Agtech, David Bonderman, agritech, agtech, food, nutrition, private equity, venture capital
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Bonderman anchors $125 mln Pontifax Agtech fund: source

The debut fund from Pontifax Agtech, which features David Bonderman as an anchor investor, has so far raised more than $90 million, a source said. The Santa Monica, California, growth firm is seeking $125 million for Pontifax Global Food & Agriculture Technology Fund LP, according to a June SEC filing. Cebile Capital is the placement agent, […]

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Tehranian joins Firstavenue

Chris Tehranian has joined Firstavenue as principal, head of U.S. project management. Tehranian previously spent 10 years at Meketa Investment Group as the head of infrastructure research.