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Milana Vinn

TPG has received bids for Wind River Systems, an internet-of-things software provider, people familiar with the process told Buyouts. The firm, which started an informal auction process for Wind River in response to inbound interest in the company, received second-round bids in early August, one source familiar said. Clearlake Capital, Francisco Partners, Marlin Equity Partners […]
OpenGate, private equity, Andrew Nikou, emerging managers, private equity, Jay Yook, Robert Lezec
OpenGate Capital Partners, which is out fundraising for its latest flagship, scored its fifth investment this year. OpenGate said Aug. 19 that it acquired InRule Technology Inc. Financial terms weren’t announced. Founded in 2002, InRule provides enterprise software that helps businesses to automate their decisions. The Chicago company has more than 400 customers, including American Express, […]
NexPhase Capital is set to make more than 5x multiple on its investment in Inside Real Estate, a provider of cloud-based real estate software, sources familiar with the deal told Buyouts. NexPhase sold the company to Lovell Minnick Partners on Aug. 20, the people said. Post-sale, the firm is set to realize more than 5x gross multiple on invested […]
Hg is warming up to sell Achilles, a data provider of supply chain information, in the fourth quarter, three sources familiar with the process told Buyouts. Barclays Capital is involved in the company’s sale, the people said. But no banker has been formally appointed, according to one of the sources close to the firm. The […]
Chris Whalen and Adi Pekmezovic, former executives from Gamut Capital, recently launched Mill Rock Capital Management to invest in the industrial sector. The firm this month announced the formation of the firm and its recent investment in Venture Metals and SI Metallics, which simultaneously acquired Versatile Processing Group, of Dallas, Texas. Both companies are scrap-metal […]
When thinking about the cutting edge of technology investing, perhaps automotive manufacturing isn’t the first sector that comes to mind. And yet automotive is one sector that is experiencing an overhaul of a perhaps different kind than it is used to. The sector has been the target of several software deals this year focused on […]
Hg has brought on professionals from CVC and Temasek to help open its first U.S. office, sources familiar with the firm told Buyouts. Gero Wittemann and Ben Meyer, both partners with Hg in New York, joined the firm in the fall of 2018 from CVC Capital Partners and Temasek, respectively. Around the same time, the firm also […]
Genstar Capital will acquire OEConnection for nearly $1.3 billion, sources familiar with the process told Buyouts. Providence Equity is exiting the investment after a three-year hold, while General Motors and Ford, both minority investors in the company, will retain their stakes, the people said. Each automaker owns 15 percent of OEConnection. The process, which kicked […]
PwC, Andrew Cristinzio, private equity, merger, M&A
PE exit activity slowed in the first half of the year, pushing the inventory of PE portfolio companies to an all-time high, according to a recent report by PwC. In June there were more than 9,600 U.S. PE-backed portfolio companies, a 78 percent increase since 2009, the report said. Almost 40 percent of the current […]
Application, Software, Cloud, Communication, Global Communications, Computer Network, Design, Technology, Downloading
Sumeru Equity Partners is looking for a buyer for expense-management tech company MDSL, three sources familiar with the process told Buyouts. The process has passed first-round bids, one source said. William Blair is advising MDSL on the sale, the people said. MDSL, of Phoenix, Arizona, provides technology expense management and market data management through a […]
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