News and Analysis

In the private equity group, Thomas Bennet, Charles Leung, and William McDavid have been promoted to principal.

Most recently, he was managing director and head of healthcare Europe at Macquarie Capital.

Billwerk, which is backed by PSG, has acquired Sofacto, a French Salesforce.com tech-based subscription management and recurring billing application provider.

Vista Equity Partners has invested $100 million in BigTime Software, a provider of cloud-based software for professional services firms.

“There are billions of dollars in opportunities in this space, as there was already a good amount of outdoor enthusiasts but now with covid, there is a growing number of people venturing to the great outdoors,” Matt Eby, founder of Seawall, told PE Hub.

Sigma Defense, which is backed by Sagewind Capital, has acquired Solute Inc, a tech and engineering firm.

Wildcat Capital Management has made a significant investment in Rapid Express Car Wash, a car wash platform.

Satori Capital has made an investment in Torani, a flavor company.

Relation Insurance Services, which is backed by Aquiline Capital Partners, has acquired the assets of Georgia-based Allen Insurance Group, a provider of commercial lines insurance solutions.

Nautic Partners has made an investment in SPS Health, a value-based care solutions provider serving post-acute pharmacies and pharmacy benefit managers.