Blackstone Group, real estate, software, private equity, technology, Aquicore, Entic

Aquicore acquires Entic, a Blackstone-backed proptech company

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 […]

228 Views

Strattam Capital hires GTCR’s Neil Willis as principal

Strattam Capital, the Austin private equity firm focused on business-IT services, in early March hired Neil Willis as the firm continues to expand post-Fund II closure. Strattam is also looking for an associate to join the 12-member investment team, Co-Founder Bob Morse told Buyouts. “It’s really the growth of the firm around the raising of the […]

private equity, data, software, SAP, Oracle
103 Views

3i plans add-ons for Magnitude platform that eases access to SAP, Oracle data

3i Group seeks add-ons to Magnitude Software as it plans to develop strong ties with SAP and Oracle. The private equity firm, which on March 19 completed a majority investment in Magnitude, wants to expand Magnitude’s capabilities and reach, Andrew Olinick, co-head of North America PE, told Buyouts. “We continue to look at additional add-ons to […]

750 Views

GenNx360 Capital Partners acquires majority stake in Miller Environmental Group

GenNx360 Capital Partners acquired a majority interest in Miller Environmental Group, which services the utility, transportation and petrochemical industries. CEO Mark Miller will be exiting from day-to-day operations, but will continue as a member of MEG’s board of directors. Jerry Coogan has been appointed president and CEO and George Wallace is executive vice president.

FFL Partners, Greg Long, industrial technology, Servelec Group, private equity, merger, m&a
401 Views

FFL Partners finds deals in relatively untapped industrial tech segment

FFL Partners is eyeing more deals in the industrial internet of things after it acquired Servelec Technologies, a data-connectivity platform for water processing. The PE firm is looking particularly in telemetry — automated data measurement and data transmission — for water and wastewater applications, gas-tank data connectivity, and oil-and-gas monitoring and automation, Greg Long, partner at FFL, told […]

travel technology, airlines, private equity, traveltech, Juan Arcienegas
351 Views

777 Partners joins race to disrupt travel industry with technology

777 Partners is betting on technology that works to simplify how low-cost airlines sell their products to customers. The firm completed its acquisition of Air Black Box at a time when more PE firms are boosting their investing activity in the space. The Miami private equity firm, which invests on behalf of general partners, a local PE firm […]

KPS Capital Partners, Electrical Components International, private equity, merger, M&A, industrial, automotive, electrical, Raquel Palmer
423 Views

Turnaround Deal of the Year: KPS harnessed growth opportunity at ECI

When a group of hedge funds and debtholders were exploring an exit from Electrical Components International in May 2014, the company’s growth opportunity for a new buyer was not obvious. ECI, an international wire-harness manufacturer, relied heavily on the North American appliance industry and one customer, and it didn’t have a low-cost solution for European […]

Gamut Capital, JPW Industries, Baileigh Industrial, private equity, merger, m&a
630 Views

Gamut Capital adds on Baileigh Industrial to JPW for $150 mln: sources

Gamut Capital-backed JPW Industries acquired Baileigh Industrial, a metal machinery and metal fabrication equipment company, according to documents seen by Buyouts. Gamut paid almost $150 million for the add-on, financing the transaction with $50 million in equity and $100 million in debt. The agreement was signed March 12, the documents showed. Goldman Sachs and BMO […]

TCV, edtech, education, venture capital
125 Views

TCV commits $50 mln in Series C to edtech platform Newsela

Technology Crossover Ventures endorsed tech-powered educational platform Newsela with $50 million in Series C funding, the firm said in a statement. Newsela is an edtech company, customizing news, speeches and reviews for children of different reading abilities. TCV first got in touch with the company in 2015 and its goal resonated with the investing team, Dave […]

TCV, edtech, education, venture capital
143 Views

TCV commits $50 mln in Series C to edtech platform Newsela

Technology Crossover Ventures endorsed tech-powered educational platform Newsela with $50 million in Series C funding, the firm said in a statement. Newsela is an edtech company, customizing news, speeches and reviews for children of different reading abilities. TCV first got in touch with the company in 2015 and its goal resonated with the investing team, Dave […]

#traveltech #traveltechnology #software #booking #privateequity
576 Views

PE firms tour travel tech as industry evolves

Private equity shops are grabbing their tickets to tech investing with buyouts of online booking and travel software companies. In the past year, firms including Accel-KKR, Thoma Bravo, Silver Lake and 3i Group completed 10 deals in the space, according to Pitchbook data. Buyouts in the space have increased 50 percent since 2014, according to Pitchbook. […]

technology, cybersecurity, private equity, merger, m&a
555 Views

Boyne Capital, Grindstone make 10x on Fulcrum sale

Boyne Capital and Grindstone Partners made more than 10x their money on the sale of Fulcrum IT Services, sources familiar with the situation told Buyouts. The firms, based in Miami and Alexandria, Virginia, respectively, on Feb. 26 sold Fulcrum Services for $193 million to Huntington Ingalls Industries. Both firms had a return “well north of […]

Wavecrest Growth Partners, private equity, merger, M&A, technology, software
191 Views

Wavecrest looks for enterprise tech deals as it closes Fund I 

Wavecrest Growth Partners is looking for business-to-business tech deals outside Silicon Valley with a fresh pool of capital from its debut fund. The Boston private equity shop, co-founded in 2016 by former Bain Capital Ventures Partner Deepak Sindwani and former tech executive Vaibhav Nalwaya, closed Fund I on $190 million this week. The fund exceeded its $100 […]

Bob Morse, Strattam Capital, private equity

Strattam closes Fund II on $230 mln with a quarter deployed

Strattam Capital deployed about a quarter of its second fund into three platform deals as it closed the pool this month on $230 million. The Austin firm takes control positions in founder-led IT companies. From the pool Strattam plans to make three more platform deals, plus three to five add-ons, all across the business-to-business IT space, […]

Bob Morse, Strattam Capital, private equity
233 Views

Strattam closes Fund II on $230 mln with a quarter deployed

Strattam Capital deployed about a quarter of its second fund into three platform deals as it closed the pool this month on $230 million. The Austin firm takes control positions in founder-led IT companies. From the pool Strattam plans to make three more platform deals, plus three to five add-ons, all across the business-to-business IT space, […]

Insight Venture Partners, Genesis Partners, Teddi Wardi, Israel, technology, private equity, venture capital
111 Views

Insight Venture Partners uses secondary deal to boost its tech portfolio

Insight Venture Partners has doubled down on tech investments with an unusual transaction: The PE firm bought an aging VC fund in Israel. Insight bought Genesis Partners’ fourth fund, which invests in software startups in Israel. The secondary transaction, announced Feb. 26, was unusual since Insight traditionally invests in established tech companies through its own […]

Insight Venture Partners, Genesis Partners, Teddi Wardi, Israel, technology, private equity, venture capital
557 Views

Insight Venture Partners uses secondary deal to boost its tech portfolio

Insight Venture Partners has doubled down on tech investments with an unusual transaction: The PE firm bought an aging VC fund in Israel. Insight bought Genesis Partners’ fourth fund, which invests in software startups in Israel. The secondary transaction, announced Feb. 26, was unusual since Insight traditionally invests in established tech companies through its own […]

236 Views

NepFin, HSBC partner to expand lending for mid-sized companies

NeptuneFinancial, a fintech lending platform for middle-market businesses, partnered with HSBC to expand its lending universe. The partnership will enable NepFin to access international debt markets and offer additional financial products to current clients, CEO Albert Periu told Buyouts. NepFin’s clients will also get their loans quicker. A typical loan for a sponsor-backed company takes […]