252 Views

HGGC’s sale of AutoAlert in second round

HGGC is looking for a buyer for automotive software company AutoAlert, four sources familiar with the process told Buyouts. The process has moved through first-round bids, primarily made up of PE sponsors, the people said. The company’s sale could fetch up to $500 million, one source said. AutoAlert generated around $115 million in revenue, two […]

GTCR, Park Place Technologies, IT services, private equity, merger, M&A
1031 Views

Charlesbank buys half of GTCR’s Park Place Technologies

Charlesbank Capital Partners has bought half of GTCR-backed Park Place Technologies, four sources familiar with the deal told Buyouts. The firm paid nearly $1.3 billion for 50 percent of the company, the people said. The price represents 17x the company’s Ebitda of $75 million, they said. The process, run by UBS, started in May, when […]

VCJ Venture EdTech Fund
528 Views

Warburg Pincus taps Goldman to sell Liaison International

Warburg Pincus has put Liaison International on the block after a seven-year hold, sources familiar with the process told Buyouts. Goldman Sachs is advising Liaison on the sale, the people said. The process is in the early stages, the sources said. It’s unclear when bids are due, they said. Liaison, of Watertown, Massachusetts, is an […]

1643 Views

TCV, Granite Ventures, Sequoia Capital launch sale of HireVue

HireVue, a recruitment software company backed by Technology Crossover Ventures, Granite Ventures and Sequoia Capital, is on the block, sources familiar with the process told Buyouts. The process is in the early stages, the people said. It’s unclear when the first-round bids are due, they said. HireVue, of South Jordan, Utah, provides enterprises with a […]

284 Views

Morgan Stanley Expansion Capital to make more than 5.5x on DocuWare’s sale

Morgan Stanley’s growth focused Expansion Capital team is set to make more than 5.5x its money on sale of DocuWare, the firm told Buyouts. Expansion Capital, which sits within Morgan Stanley Investment Management sold its minority stake in DocuWare to Ricoh, a Tokyo-based imaging and electronics company. The deal was signed on June 28, the […]

upstairs, on the rise
375 Views

Primus Capital puts SkillSurvey on the block

Primus Capital is selling its stake in SkillSurvey, a provider of reference assessments, three sources familiar with the process told Buyouts. Raymond James is advising Primus on the sale, the people said. It’s unclear when the offers are due. SkillSurvey, headquartered in Wayne, Pennsylvania, provides cloud-based solutions to help HR professionals use data and insights […]

1859 Views

Thoma Bravo, KKR bid for Flexera Software

Flexera Software, backed by Ontario Teachers’ Pension Plan and TA Associates, may remain owned by private equity. Bids for the Itasca, Illinois-based company were due the week of June 17, three sources familiar with the process told Buyouts. Bank of America is advising Flexera on the sale process. Flexera produces between $160 million and $170 million […]

582 Views

Q2 Deal-making: Sponsors seek to close deals early as competition remains intense

Large private equity firms got more aggressive as deal activity heated up in the second quarter. Some firms are going the extra mile to win deals, whether it’s by getting in front of the buyer early, preempting a bidding process or by offering full-equity bids to demonstrate commitment, bankers and GPs told Buyouts. So even […]

Waud Capital, Anovia, TrustCommerce, fintech, private equity, merger, M&A
511 Views

Sumeru Equity, Adams Street to sell Cybera

Sumeru Equity Partners is looking for a buyer for Cybera, three sources familiar with the deal told Buyouts. First round bids are due at the end of June, the people said. Jefferies is advising Sumeru on the sale process, they said. Adams Street Partners, which has a minority stake in the company, is also looking […]

Andrew Weinberg, Brightstar Capital Partners
614 Views

Brightstar Capital set to raise second fund

Middle-market investor Brightstar Capital Partners is preparing to raise its sophomore fund, sources familiar with the fundraising told Buyouts. The New York firm hired Eaton Partners as a placement agent, the people said. Brightstar is aiming to raise more than $700 million; however, the official target is currently undetermined, they said. The firm raised $710 […]

Ford Taurus cars
960 Views

Providence puts OEConnection on block, seeks at least $1 bln

Providence Equity Partners has put software maker OEConnection on the block after a three-year hold, three sources familiar with the process told Buyouts. First round bids are due in two weeks, the people said. UBS is advising Providence on the sale, they said. Cleveland-based OEConnection (OEC) makes software for the automotive market, including distributors and original equipment […]

868 Views

Bain Capital Double Impact to return 3.1x on Impact Fitness

Bain Capital Double Impact is set to make 3.1x its money on the sale of Impact Fitness to Morgan Stanley Capital Partners, sources familiar with the deal told Buyouts. Bain Capital and Bridges Fund Management, which had a minority stake, both fully exited their stakes in the company. The deal closed on June 6, the sources said. Harris Williams advised Impact Fitness and Bain […]

787 Views

Five Questions with Aaron Sack, head of Morgan Stanley Capital Partners

Aaron Sack is head of Morgan Stanley Capital Partners where he also leads the consumer investing group. Sack told Buyouts in a recent interview about how the firm approaches the market. 1. How does deal-making in 2019 differ from previous years? Do you see any new dynamics around auction processes? I think there is somewhat of a recalibration by the markets for what is acceptable and we will […]

1343 Views

Thoma Bravo starts sale process for Continuum

Thoma Bravo has put Continuum on the block after a two-year hold, three sources familiar with the deal told Buyouts. The process is in the early stages, people said. Thoma Bravo is accepting first-round bids for Continuum, sources said. It’s unclear when the offers are due. UBS is advising Thoma Bravo on the sale, the people said. Continuum is the […]

822 Views

Goldman, Accel Partners sell Zoomdata to Marlin Equity

Goldman Sachs and Accel Partners are exiting Zoomdata, sources familiar with the transaction told Buyouts. The firms are selling their stakes to Marlin Equity-backed Logi Analytics, the people said. Marlin & Associates, a tech-focused boutique investment bank, is advising Zoomdata on the transaction. Zoomdata is the San Mateo, California, provider of data visualization and visual […]

Scott Twibell, Lincoln International, private equity, merger, M&A
320 Views

Five Questions with Scott Twibell, co-head of TMT at Lincoln International

Scott Twibell is a managing director and co-head of the TMT group at Lincoln International. Twibell’s global team completed nearly 110 transactions in the past four years, focusing largely on vertical software and on a mix of tech-enabled businesses, mostly PE-backed. Twibell spoke to Buyouts about how competition for software deals has changed the dynamics around […]

private equity, TA Associates, Partners Group, HGGC, Switzerland, software, technology, database
311 Views

Partners Group joins TA Associates, HGGC on Idera

Partners Group acquired a minority stake in Idera, a business-to-business software company backed by TA Associates, HGGC, and the company’s management. Jefferies and Credit Suisse advised Idera on the transaction. The Zug, Switzerland, PE firm will join current investors with a 25 percent stake in Idera, a source familiar with the deal told Buyouts. The […]

Vista Equity Partners, private equity, Robert Smith
3018 Views

Vista’s sale of Omnitracs in second round

The sale of Omnitracs, which is backed by Vista Equity Partners, has hit the second round, sources familiar with the process told Buyouts. A handful of private equity firms, including Goldman Sachs, are bidding for the company, the people said. Strategics are also in the mix, sources said. No longer involved are Carlyle Group, KKR and […]