Investcorp has completed the sale of CCC Information Services to Leonard Green & Partners. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. The sale unlocks over $550 million in proceeds for Investcorp and its investors.
Babson Capital Management has provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Stag-Parkway. Atlanta-based Stag-Parkway is an independent distributor of aftermarket RV parts and accessories to RV dealers in the United States.
The Riverside Company has acquired Operating Tax Systems as an add-on to its DISA platform. OTS primarily serves the commercial motor vehicle industry, providing driver and vehicle compliance services, including fuel tax reporting, driver log auditing, licensing, permitting and fuel tax recovery.
SevOne, a Wilmington, Delaware-based performance software company, has raised $150 million from Bain Capital.
Tiburon, a San Ramon, Calif.-based maker of automated public safety and security software that is backed by the private equity firm Gores Group, has named the company's board chair (and Gores managing director), Jonathan Huberman, as interim president and CEO. He replaces Michael Bealmear, who has served as Tiburon's CEO since 2011.
Talks to take No. 3 computer maker Dell Inc private are in an advanced stage with at least four major banks lined up to provide financing, two sources familiar with the matter told Reuters.
The pace of new private equity and alternative investments at the Florida State Board of Administration is likely to reach about $6 billion in fiscal 2012-2013, as Florida’s primary $126 billion pension fund gradually ramps up its allocations to so-called strategic investments from zero to 11 percent of the portfolio...
First Reserve Corporation has backed a repeat management team and created a new exploration and production company, Templar Energy. Templar is focused on investing primarily in the mature, liquids-rich producing basins in the Mid-Continent Region. The Templar team is led by industry veteran David Le Norman. Financial terms of the First Reserve investment were not disclosed.
Middle-market private equity firm Frontenac Company has completed the majority recapitalization of Portfolio Group, a provider of financial services to automobile dealerships. Terms of the private transaction were not disclosed.
Wynnchurch Capital has announced the sale of 4Front Engineered Solutions to ASSA ABLOY, Inc. Headquartered in Carrollton, Texas, 4Front is a manufacturer of loading dock equipment.