Realtime Electronics Payments, Repay, Corsair Capital. Thunder Bridge, blank-check company, Endeavour Capital, private equity, fintech, merger, M&A

Ex-Endeavour Capital CEO buys Repay for ~15x Ebitda

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 […]


PE HUB Wire Highlights, 1.23.19

Carlyle’s Kewsong Lee says “Every deal is a tech deal”; Insight Venture Partners announces promotions; Corsair to exit Repay in $653M sale


PE firms circle Acuris sale: Financial Times

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.


HGGC to sell Davies Group stake

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.

DeRosa joins DCS Global

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.


Aquiline-backed ClearCourse buys Clear Direct Debit

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.


Capote joins Lazard

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 exits Barcodes

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 closes buy of Personal In-Home Services

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.


Equistone-backed PIA to buy UDG United Digital Group

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.


Clearlake-backed Perforce to buy Rogue Wave Software

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.


Querton named CEO of Altares Group

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.


Reed named CFO of Innovex Downhole Solutions

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.


Bott named CEO of Emerald Textiles

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 invests in jane iredale

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.