Milana Vinn
Crestview Partners is set to make 7.5x its money on the sale of JR Automation Technologies after a four-year hold, sources familiar with the transaction told Buyouts. On April 23, Crestview said it would sell JR to Hitachi for $1.4 billion. The firm expects to close the deal in the second half. Crestview acquired JR […]
TPG Capital is looking to acquire a minority stake in Insight Partners-backed Kaseya, sources familiar with the process told Buyouts. Evercore is advising on the process, the sources said. The deal, which is nearly three weeks away from completion, is structured as a preferred equity investment that pays out periodic distributions, they said. TPG is […]
TA Associates stands to make 7x its investment on PDI after a three-year hold, sources familiar with the transaction told Buyouts. Insight Partners last month said it was buying PDI from Genstar Capital and TA. The sale is valued at $1.6 billion, the sources said. TA and Genstar are retaining stakes in the company post-sale, […]
Insight Partners is seeking a buyer for E2Open, a software provider for supply-chain management with nearly $100 million in Ebitda, sources familiar with the process told Buyouts. Insight, which has more than $20 billion in AUM, took E2Open private in February 2015 for $273 million. The Foster City, California, company provides cloud-based on-demand software services […]
Clearlake Capital Group recently acquired half of data-analytics provider Appriss Holdings, taking an equal stake alongside Insight Partners. The company, which estimates $70 million of Ebitda for 2019, plans to grow organically and through add-ons across its key verticals: healthcare, public safety and retail, sources familiar with the deal told Buyouts. Appriss provides data and analysis […]
Digital news platforms, boosted through venture capital and other sources, have given many investors headaches. Notable recent meltdowns include Mic.com, which laid off its editorial staff and sold itself for parts, and layoffs this year at Buzzfeed, HuffPost and other platforms across the battered media landscape. Great Hill Partners has ventured into this landscape by […]
Providence Equity Partners will make 5.2x gross multiple on the recapitalization of Spanish telecommunications company Masmovil Group, sources familiar with the deal told Buyouts. Masmovil will buy back convertible debt from Providence for a total value of 883 million euros ($1 billion), the firm announced April 1. Masmovil will finance the deal with new debt […]
One Rock Capital, a spinout of Ripplewood Holdings formed in 2010, has been busy this quarter. The firm, which has $1.4 billion in capital, announced three deals in 2019, two of which are complex corporate carveouts. Tony Lee, who co-founded the firm with Scott Spielvogel, spoke to Buyouts about deal sourcing, valuations and opportunities in […]
Bain Capital Double Impact acquired a majority stake in Rural Sourcing, an outsourced digital technology and IT services company that aims to bring IT jobs to small and midsize cities in the U.S. Rural Sourcing is the ninth investment out of Bain Capital Double Impact fund, which closed on $390 million in June 2017. The […]
Aquicore, a commercial real estate software company, acquired Entic, a software-as-a-service property technology company that aims to reduce utility waste, improve clients’ operational efficiencies and vendor oversight, and help them reach sustainability goals. Terms weren’t disclosed. Blackstone Group, which invested in Entic in July 2017, has retained its stake in the company. Aquicore is backed by […]