GEO to acquire CEC for $360 mln

By Iris Dorbian — 21 hours ago

The GEO Group, a real estate investment trust, has agreed to acquire Community Education Centers, a provider of rehabilitative services for offenders in reentry and in-prison treatment facilities as well as management services for county, state, and federal correctional and detention facilities. The price of the acquisition is $360 million. Barclays and J.P. Morgan Securities LLC provided financial advice to GEO while Moelis & Company did likewise for CEC.

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H.I.G. Capital invests in AdTheorent

By Luisa Beltran — 1 day ago

H.I.G. Growth Partners, the growth affiliate of H.I.G. Capital, has invested in AdTheorent Inc. Financial terms weren’t announced. Monroe Capital LLC provided debt. AdTheorent provides predictive digital advertising technology and solutions for brands and agencies.

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Sageview leads funding round for DMT

By Iris Dorbian — 2 days ago

Winnipeg, Manitoba-based DMT Development Systems Group Inc, a provider of management software for the auto industry, has secured an undisclosed amount of funding. Sageview Capital led the round. RBC Capital Markets was the placement agent. In addition to the transaction, Sageview’s Scott Stuart and Jeff Klemens have been added to DMT’s board of directors.

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Moriah Energy Partners snaps up $200 mln

By Iris Dorbian — 2 days ago

Moriah Henry Partners, a exploration and production company focused on acquiring and developing oil and gas properties in the Midland Basin of West Texas, has raised $200 million in funding. Post Oak Energy Capital led the commitment with participation from Henry Energy LP and Moriah Energy Investments LLC.

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MobiTV scores $21 mln

By Iris Dorbian — 2 days ago

MobiTV, a provider of IP-based video delivery solutions, has raised $21 million in funding. The investors were Oak Investment Partners and Ally Corporate Finance.

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Francisco Partners acquires myON

By Iris Dorbian — 2 days ago

Francisco Partners has acquired myON, a digital literacy company for the K-12 market. The seller was Capstone.  No financial terms were disclosed. Wells Fargo Securities served as financial adviser to Capstone on the deal while Tyton Partners did likewise for Francisco Partners.

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PE-backed Infor racks up over $2 bln from KED

By Iris Dorbian — 2 days ago

Business software provider Infor has secured more than $2 billion in funding. The investor was Koch Equity Development LLC, the investment and acquisition arm of Koch Industries. Infor’s current backers included Golden Gate Capital and Summit Partners.

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Lovell Minnick invests in Trea

By Iris Dorbian — 2 days ago

Lovell Minnick Partners has made a “significant” investment in Spain-based Trea Asset Management, an asset management firm in Spain. No financial terms were disclosed. Rothschild & Co. provided financial advice to Lovell Minnick while GBS Finanzas advised Trea.

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Comvest backs Multi-Bank

By Iris Dorbian — 2 days ago

Multi-Bank Securities has secured a $40 million loan from Comvest Partners. Multi-Bank is a fixed income broker-dealer. According to Multi-Bank, the capital infusion will be used for continued growth.

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KKR to buy 40 pct of Telxius

By Luisa Beltran — 2 days ago

KKR said Feb. 21 that it has agreed to buy up to 40 percent of Telxius for 1,275 million euros ($1.35 billion). Telefonica Group was the seller. Telxius is the telecommunications infrastructure company of the Telefónica. It owns and operates a portfolio of nearly 16,000 telecommunications towers in five countries.

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