PE Hub Staff

Great Hill Partners has completed a recap of Pareto Health Inc. Financial terms weren’t announced. Pareto is an employee benefit group captive manager that helps businesses with more than 50 employees self-fund health benefits.

Lindsay Goldberg is buying Bilcare Research, a Swiss pharma packaging company, reported Reuters. The deal puts Bilcare at a valuation between $279 million and $334 million.

Aquiline Capital Partners is buying CoAdvantage. Financial terms were not announced. Morgan Stanley Capital Partners is the seller. CoAdvantage, of Tampa, Florida, provides HR outsourcing for small and medium sized businesses.

Wealth Enhancement Group, a portfolio company of Lightyear Capital, said July 25 that it closed its buy of Planning Solutions Group LLC. Financial terms weren’t announced. Planning Solutions, of Fulton, Maryland, is an independent financial advisory business with more than $1.3 billion in combined client assets as of June 30.

Toast said July 24 that it acquired StratEx. Financial terms weren’t announced. StratEx provides HR and payroll software for restaurants. In April, Toast raised $250 million in VC funding. Bill Mone, Amanda Holt and Aaron Harsh of Ropes & Gray advised Toast.

The Charles Schwab Corporation has agreed to acquire acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts. The purchase price is $1.8 billion. Credit Suisse Securities (USA) LLC was financial adviser to Charles Schwab with Davis Polk & Wardwell LLP providing legal advice. And, Goldman Sachs was financial adviser to USAA while Simpson Thacher & Bartlett LLP acted as legal adviser.

The London Stock Exchange is in talks to merge with Refinitiv, the provider of financial markets data that’s owned by Blackstone and Reuters, the Financial Times reported July 26. Financial terms weren’t disclosed. Blackstone acquired a 55 percent stake in Thomson Reuters’ Financial & Risk business in 2018. The deal valued the total F&R business at $20 billion, Reuters said.

Thomson Reuters confirmed July 26 that it and Blackstone are in talks to sell Refinitiv to the London Stock Exchange Group plc for about $27 billion. The deal would result in Thomson Reuters holding a roughly 15 percent stake in Refinitiv, a producer of financial data. Blackstone acquired a 55 percent stake in Refinitiv in 2018.

Oaktree Capital Management LP has agreed to acquire a minority stake in Singular, a Chilean-based asset management firm and placement agent. No financial terms were disclosed.