Nuvei completes $889 mln buy of SafeCharge

Nuvei said Aug. 14 that it closed its buy of SafeCharge International Group Ltd for $889 million. SafeCharge, of the U.K., is a payments company. Nuvei is backed by Novacap and Caisse de dépôt et placement du Québec. The deal was announced in May.


Audax-backed Mobileum buys WeDo Technologies

Mobileum Inc, a portfolio company of Audax Private Equity, said Aug. 14 that it acquired WeDo Technologies. Financial terms weren’t announced. WeDo, of Lisbon, Portugal, provides of analytics-based roaming and risk management solutions.


Roark Capital considers Driven Brands sale: Bloomberg

Roark Capital is weighing the sale of Driven Brands Inc, which could fetch as much as $2 billion, Bloomberg is reporting. Roark is talking to advisers about running a Driven Brands auction, the story said. Roark acquired Driven Brands, an automotive services franchiser, in 2015.

Woman getting spray tanned

Castle Harlan, Branford Castle buy Sunless from Riverside Co

The technology for spray tanning has evolved to such an extent that users no longer need fear the dreaded orange hue, according to John S. Castle, president and CEO of Branford Castle. “If done right, the spray tan is better than a natural look,” said Castle. “It’s even, it’s beautiful. It’s a great look.” “There’s […]


PE HUB Wire Highlights, 8.13.19

Coller emerges as buyer on large Ares fund revamp; PE-backed WIRB-Copernicus gears up for sale; Vista Equity sells stake in Advanced to BC Partners


Council Capital exits EspriGas

Council Capital said Aug. 13 that it sold its stake in EspriGas to an entity affiliated with Kaltroco. Financial terms weren’t announced. EspriGas, of Atlanta, is a medical and industrial gas company that uses a network business model to manage the gas supply chain.


CIT Group to buy Mutual of Omaha Bank

CIT Group Inc said Aug. 13 that it agreed to buy Mutual of Omaha Bank for $1 billion. The deal will be comprised mainly of cash and up to $150 million of CIT common stock. Mutual of Omaha, founded in 1909, insurance and financial products for individuals, businesses and groups throughout the United States.


Temasek invests in Secretlab: Bloomberg

A unit of Temasek Holdings Pte has invested in Secretlab, the Singapore maker of chairs for players of electronic games, Bloomberg reported. Heliconia Capital Management Pte’s buy of a minority of Secretlab is valued at between S$200 million and S$300 million, the story said.


Vista Equity sells stake in Advanced to BC Partners

BC Partners is investing in Advanced. Financial terms weren’t announced. Vista Equity Partners, the seller, is continuing as an investor. Vista is selling about 50 percent of Advanced to BC Partners in a deal valued at about 2 billion pounds ($2.4 billion) including debt, the Financial Times reported. Advanced is a U.K. software company.


Cue Holding raises Series A round

Cue Holdings Ltd said Aug. 13 that it completed a Series A round led by Anchor Equity Partners. Princeville Global participated in the financing which included founding investor KKR. Cue, of Shanghai, provides data-driven marketing insights and growth solutions to enterprises.


Wang joins Blackstone

Blackstone said Aug. 12 that Limin Wang has joined the firm as a managing director on the quantitative research team in Blackstone Alternative Asset Management.


Verizon to sell Tumblr to Automattic

Verizon Communications agreed to sell Tumblr, the blogging website, to Automattic Inc, according to press reports. Financial terms weren’t announced but the Wall Street Journal said Tumblr fetched a “nominal amount.”