Roper Technologies Inc said Dec. 6 that it agreed to buy Deltek in a deal valued at $2.8 billion in cash. Thoma Bravo is the seller. Deltek, of Herndon, Virginia, provides software and information solutions for government contractors and professional services firms.
Shoes For Crews LLC, a CCMP Capital portfolio company, has agreed to buy the SureGrip Footwear subsidiary of Genesco. Financial terms weren’t announced. SureGrip makes occupational, slip-resistant footwear for the hospitality, grocery, foodservice, healthcare and industrial industries.
KKR has agreed to buy a majority of Optiv Security. Financial terms weren’t announced but press reports pegged the deal at $1.9 billion. Blackstone Group along with Investcorp and Sverica were the sellers. Optiv, of Denver, is a cyber security firm. Blackstone will retain a minority in Optiv, the statement said.
KPA, a portfolio company of CIVC Partners LP, has acquired Succeed Management Solutions. Financial terms weren’t announced. Succeed Management provides web-based risk management and safety software for the insurance market.
Onex Corp said Dec. 5 that it closed its buy of the Save-A-Lot business from Supervalu Inc for $1.365 billion in cash. Save-A-Lot is a hard-discount grocery retailer in the U.S. Onex Partners IV made an equity investment of $660 million, of which Onex’ share was $186 million as a limited partner in the Fund.
Houlihan Lokey Inc said Dec. 6 that Anthony Forshaw has joined the firm as a Managing Director in the Capital Markets Group. Forshaw was previously with Deutsche Bank, where he was most recently a Managing Director in the Corporate Finance group.
Polaris said Dec. 6 that it sold Avanti Wind Systems to Alimak Group. Financial terms weren’t announced. Avanti, of Hillerød, Denmark, supplies service lifts and safety equipment for wind turbine towers.
Sentinel Capital Partners said Dec. 5 that it has invested in Sonny’s Enterprises Inc through a recapitalization. Financial terms weren’t announced. Sonny’s, of Tamarac, Florida, makes conveyorized car wash systems.
The Carlyle Group said Dec. 5 that Michael J. Silverstein was retained as an Operating Executive consultant with the Global Consumer & Retail group effective January 2, 2017. Silverstein is retiring at year-end as Senior Partner and Managing Director at Boston Consulting Group.
Mission Therapeutics said Dec. 5 that Dr Colin Goddard was named non-executive Chairman, effective January 1st 2017. Michael Moore, Mission’s Founder Chairman, will continue on the board and transition to the role of Deputy Chairman. Mission Therapeutics, of Cambridge, England, is a drug discovery and development company.
Protector Holdings has acquired Big Savings Insurance Services. Financial terms weren’t announced. Sacramento-based Big Savings provides insurance services to Hispanic consumers in the Western United States. Protector Holdings is a joint venture of EPIC Insurance Brokers & Consultants and Dowling Capital Partners.
B&G Foods Inc said Dec. 2 that it has acquired Victoria Fine Foods Holding Company and Victoria Fine Foods LLC for about $70 million in cash, subject to a customary working capital adjustment. Huron Capital Partners and certain others were the sellers. Victoria Fine Foods, of New York, offers a variety of premium pasta and specialty sauces, savory condiments and tasty gourmet spreads. Sawaya Segalas & Co LLC served as financial advisor to Victoria Fine Foods. Perella Weinberg Partners LP was financial advisor to B&G Foods.
Blackstone Tactical Opportunities has agreed to invest in BTIG. Financial terms weren’t announced. New York-based BTIG is a financial services firm that provides institutional trading, investment banking, research and related brokerage services.
General Atlantic said Dec. 5 that it promoted Aaron Goldman and Shantanu Rastogi to managing director and Erin Chang to principal.
Investcorp has invested in Arrowhead Electronic Products and will have a “significant” minority stake. Financial terms weren’t announced. The Riverside Company remains majority investor of Arrowhead Electronic. Arrowhead, of Blaine, Minnesota, supplies aftermarket replacement parts for a wide variety of applications.
Accenture said Nov. 29 that it has acquired Karmarama. Financial terms weren’t announced. Phoenix Equity Partners is the seller. London-based develops advertising campaigns, data-driven content and mobile platforms for clients including BBC, Confused.com, Honda, Just Eat and Unilever.
Gen Cap America Inc said Nov. 29 that it has backed the management of Pyramyd Air Ltd in its acquisition of the company. Terms of the transaction were not disclosed. Pyramid Air, of Solon, Ohio, distributes air guns, airsoft guns, bb guns, and related parts and accessories. The Pyramyd Air management team, led by Val Gamerman, is staying on to run daily operations.
KKR said Nov. 29 that it has agreed to buy Arle Capital Partners‘ stake in Hilding Anders. Financial terms weren’t announced. KKR previously invested in Hilding Anders in 2013 when KKR Credit invested 350 million euros as part of a refinancing. Hilding Anders, of Malmö, Sweden, is a European provider of beds and mattresses.