Clearlake makes deal for Aurora’s Zywave, Antares Capital collects $3bn for maiden senior loan fund, Oregon pension takes big step as it shops $1.5bn PE portfolio

Clearlake Capital is set to acquire insurtech Zywave from Aurora Capital and Carlyle Group said it will acquire a majority stake in Victory Innovations.

Morning!

Clearlake Capital is set to acquire insurtech Zywave from Aurora Capital, writes Milana Vinn on PE Hub. William Blair worked as sell-side adviser on the deal.

Aurora acquired Zywave in 2013 from Vista Equity. It’s in process of closing on a few deals that will further boost revenue, Milana writes.

Insurtech is a hot space right now, she says. Read more here for transactional details and analysis of the sub-sector.

Top Scoops
This seems extraordinarily relevant right now: Carlyle Group said it will acquire a majority stake in Victory Innovations, which makes electrostatic sprayers used to disinfect offices, airplanes, schools and businesses.

Carlyle said demand for the company’s sprayers has grown significantly since the company’s founding in 2014, and especially with the emergence of covid-19. Carlyle’s investment will accelerate the company’s expansion in key markets in Asia, Europe, LatAm and Africa. Read more here on PE Hub.

Oregon public workers’ pension system is selling a portfolio of stakes in private equity funds valued at about $1.5 billion, I write on Buyouts today. This is a big one for Oregon, which has not traditionally be a major seller on the secondary market. Check it out here on Buyouts.

Have a great day! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.