In the end, it wasn’t a strategic or a PE firm that ended up buying Realtime Electronics Payments, or Repay, from Corsair Capital. Thunder Bridge, a blank-check company led by the former CEO of Endeavour Capital, said Jan. 22 it was merging with Repay. The deal valued the Atlanta payments provider at $653 million. The […]
Carlyle’s Kewsong Lee says “Every deal is a tech deal”; Insight Venture Partners announces promotions; Corsair to exit Repay in $653M sale
The owner of Mergermarket, which is up for sale, has drawn interest from private equity firms including Hellman & Friedman and Advent International in the U.S., as well as Apax Partners and EQT in Europe, the Financial Times reported. Acuris, which owns Mergermarket, could sell for $1.3 billion, according to press reports.
Insight Venture Partners said Jan. 23 that Teddie Wardi and Matt Gatto were elevated to managing director. Other promotions were also announced.
HGGC said Jan. 23 that it agreed to sell a minority stake in in Davies Group Ltd to to Alberta Investment Management Corp. Financial terms weren’t announced. Davies, of London, provides claims solutions, insurance services and customer experience programs to customers in highly regulated markets, including insurance, financial services, utilities, and communications.
DCS Global said Jan. 23 that that Dominick DeRosa has joined the company as its chief growth officer. DeRosa most recently served as SVP of commercial strategy and partnerships at nThrive. DCS Global is a portfolio company of Tritium Partners.
ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, said Jan. 23 that it acquired Clear Direct Debit. Financial terms weren’t announced. Clear Direct Debit, of Redhill, U.K., provides direct debit processing services to more than 75 organizations.
Alejandro Capote has joined Lazard Ltd as a managing director and head of Lazard’s Mexico Financial Advisory business. He is based in Mexico City. Most recently, Capote worked for Credit Suisse Asset Management, where he was responsible for private equity investments.
Cortec Group said Jan. 23 that it sold BC Group Holdings Inc, known as Barcodes, to Odyssey Investment Partners LLC. Financial terms weren’t announced. Barcodes, of Chicago, distributes automatic identification and data capture products and services to small and medium sized businesses in the U.S., Canada and the U.K.
Simplura Health Group, a portfolio company of One Equity Partners, has closed its buy of Personal In-Home Services. Financial terms weren’t announced. Personal In-Home Services, of Wheeling, West Virginia, provides personal assistance to the elderly.
PIA, a portfolio company of Equistone Partners Europe, said Jan. 23 that it agreed to buy UDG United Digital Group. Financial terms weren’t announced. UDG United Digital Group is a digital agency focused on the user experience.
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Oak Hill Capital Partners on Jan. 22 announced the promotions of several executives.
Perforce Software, a portfolio company of Clearlake Capital Group LP, said Jan. 22 that it agreed to buy Rogue Wave Software. Financial terms weren’t announced. Rogue Wave, of Louisville, Colorado, provides cross-platform software developer tools and embedded components.
Altares Group said Jan. 22 that Luc Querton was named CEO of the company as of Jan. 4. Most recently, Querton was CEO of Fircosoft. Altares is backed by Naxicap.
Innovex Downhole Solutions, which is backed by Intervale Capital, said Jan. 22 that Kendal Reed was named CFO effective immediately. Kendel previously served as vice president at Intervale Capital.
Emerald Textiles, a portfolio company of Pacific Avenue Capital Partners LLC and Highland Avenue Funds LLC, said Jan. 22 that Richard Bott was named CEO. Bott has also joined Emerald’s executive management team. Greg Anderson will transition to executive chairman. Bott previously served as the director of Intermountain Healthcare’s supply chain services.
San Francisco Equity Partners said Jan. 22 that acquired a majority stake in jane iredale. Financial terms weren’t announced. Jane iredale, of Great Barrington, Massachussetts, is a makeup and skincare company. Sage Group provided financial advice to jane iredale.