SiriusXM acquires VC-backed Automatic Labs

By Iris Dorbian — 2 days ago

SiriusXM has acquired San Francisco-based Automatic Labs Inc, a provider of connected vehicle services. No financial terms were disclosed. Financial Technology Partners served as financial adviser to Automatic on the deal. Automatic’s backers included USAA, Comcast Ventures, eLab Ventures, Anthemis Group and Amicus Capital.

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HgCapital to sell Qundis

By Iris Dorbian — 3 days ago

HgCapital has agreed to sell Qundis, a European provider of sub-metering solutions to Kalorimeta. No financial terms were disclosed. Rothschild, Latham and Watkins, Deloitte and E&Y advised HgCapital on the transaction.

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Bloomin’ Brands sells and refranchises 45 Outback Steakhouses to PE-backed Cerca Trova

By Iris Dorbian — 3 days ago

Bloomin’ Brands Inc has sold and refranchised 45 Outback Steakhouses in Arizona, Colorado, Nevada and New Mexico to Cerca Trova Restaurant Concepts, which is backed by H.I.G. Capital. In a separate deal, Bloomin’ Brands also sold eight Outback restaurants and one Carrabba’s Italian Grill to Evergreen Restaurant Group LLC. No financial terms were disclosed for either transaction.

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PE-backed Lux Global Label buys National Label assets

By Iris Dorbian — 3 days ago

Lux Global Label Company, a holding company that is backed by Resilience Capital Partners, has acquired certain assets from Lafayette Hill, Pennsylvania-based National Label, a custom label printer. No financial terms were disclosed. In connection with the transaction, Resilience has partnered with LBC Credit Partners and The Kennedy Group.

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PE-backed RANDY’s Worldwide acquires ZBAG

By Iris Dorbian — 3 days ago

RANDY’s Worldwide Automotive, a portfolio company of Linsalata Capital Partners, has acquired Zumbrota Bearing & Gear. No financial terms were disclosed. Based in Zumbrota, Minnesota, ZBAG is a provider of differential, transfer case and manual transmission components and remanufactured units.

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PE-backed GlobeLTR acquires WTH20

By Iris Dorbian — 4 days ago

GlobeLTR Energy Inc, which is backed by Clearlake Capital Group LP, has acquired West Texas H2O LLC, a provider of fresh and produced water solutions in the Permian Basin. No financial terms were disclosed.

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PE-backed Accuride to buy KIC

By Iris Dorbian — 4 days ago

Accuride Corp, a portfolio company of Crestview Partners, has agreed to acquire Vancouver, Washington-based KIC LLC, a provider of wheel end components for the North American commercial vehicle industry. No financial terms were disclosed.

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Invesco to buy Warburg-backed Source

By Luisa Beltran — 4 days ago

Invesco Ltd said April 27 that it agreed to buy Source. Financial terms weren’t announced. Source is majority owned by Warburg Pincus. Source is a specialist provider of ETFs based in Europe. The deal includes about $18 billion in Source-managed AUM, plus about $7 billion in externally managed AUM. J.P. Morgan Ltd advised Source.

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Vantiv to buy PE-backed Paymetric

By Iris Dorbian — 5 days ago

Vantiv Inc has agreed to acquire Atlanta-based Paymetric, an electronic payments software firm. No financial terms were disclosed. William Blair & Company provided financial advice to Paymetric while Credit Suisse served as the lead financial adviser to Vantiv. Paymetric is backed by Francisco Partners.

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PE-backed Vertafore buys RiskMatch

By Iris Dorbian — 5 days ago

Vertafore, which is backed by Bain Capital Private Equity, has acquired Greenwich, Connecticut-based RiskMatch, a provider of portfolio management and placement solutions to insurance brokers and carriers. No financial terms were disclosed.

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PE-backed Riverbend Foods to buy Treehouse’s soup and infant feeding business

By Iris Dorbian — 6 days ago

Riverbend Foods LLC, a portfolio company of Insight Equity, has agreed to acquire TreeHouse Foods‘ soup and infant feeding business. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. Harris Williams & Co. served as financial adviser to TreeHouse Foods on the deal with Winston & Strawn providing legal counsel. And, Hunton & Williams LLP provided legal counsel to Insight Equity.

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