Milana Vinn
Stone Point, taking a majority interest in the PropTech business in March 2018, kicked off a sale process early this month via William Blair.
The investment marks the first institutional funding for the fintech provider, which has tripled revenue in the last three years.
The round, valuing the cloud software platform north of $3bn, brought total financing raised to date to $360m.
With the sale to WCAS, the Canadian learning management software business is valued north of $500m.
Houlihan Lokey has been engaged to advise the Denver-based provider of driver risk management and insurance software.
The M&A pipeline is expected to be especially robust in Q2 and Q3 across industries, with the exception of some real estate, leisure and energy businesses, Marc-Anthony Hourihan, Global Co-Head of M&A at UBS, said.
The company, which has 'just finished' its management presentations, received strong interest from private equity firms, sources say.
Century Park knew that anything as delicious as mochi would eventually become a big hit in the US – it was just
a matter of marketing.
With the sale the sale of GlobalLogic, Partners Group is poised to receive net proceeds of $3.8bn, sources familiar with the situation told PE Hub.
The transaction provides a partial exit for Marlin Equity, which took Bazaarvoice private in February 2018 for approximately $521m.