Silver Lake-backed Pivotal goes public, shares rise 4.8 pct

By Luisa Beltran — 2 days ago

Pivotal Software went public on the New York Stock Exchange Friday, April 20 after raising $555 million. Shares of Pivotal rose by 73 cents, or 4.87 percent, to close at $15.73 on volume of 24.7 million shares. Pivotal priced 37 million shares at $15 each. The enterprise software company is backed by Dell Technologies, EMC Corp, Silver Lake, General Electric, VMware and Ford Motor Corp, according to an SEC filing.

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Audax-backed FDH acquires Blue Sky Industries

By Lillian Whittaker — 2 days ago

Fastener Distribution Holdings, a portfolio company of Audax Private Equity, acquired Blue Sky Industries. Terms of the deal were not disclosed. Blue Sky, of Monterey Park, California, distributes c-class parts to aerospace and defense MRO and OEM customers.

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Coller leads restructuring of Nordic Capital’s 2008 seventh fund

By Chris Witkowsky — 3 days ago

Coller Capital led the investment in what is considered the largest GP restructuring process yet involving Nordic Capital’s 2008 seventh fund. Goldman Sachs joined in the deal, which transferred nine unlisted portfolio companies from Fund VII into a special purpose vehicle called Nordic Capital CV1 with a five-year investment period. The deal, which allowed Fund VII limited partners to cash out or roll their interests into the SPV, was valued at 2.5 billion euros ($3.09 billion). The fund restructuring will allow Nordic to hold the investments longer.

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GTCR to sell Callcredit for 1 bln pounds

By Luisa Beltran — 3 days ago

GTCR has agreed to sell Callcredit Information Group Ltd to TransUnion for 1 billion pounds cash ($710.6 million). Callcredit is second largest credit reference agency in the UK with over 3,000 customers. Jefferies International Ltd, Credit Suisse, and Evercore served as Callcredit’s financial advisors. Kirkland & Ellis LLP provided legal counsel.

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TPG leads $15.9 mln Series B for Inocucor

By Lillian Whittaker — 3 days ago

TPG ART led a $15.9 million Series B funding for Inocucor Corp, a developer and producer of biological crop inputs. Other investors included Cycle Capital ManagementDesjardins Innovatech and Pontifax AgTechBen Belldegrun, managing partner and co-founder of Pontifax AgTech, joined Inocucor’s board of directors.

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Lee Equity-backed Atria to buy Cabaret, Grant

By Lillian Whittaker — 3 days ago

Atria Wealth Solutions, a portfolio company of Lee Equity Partners, has agreed to buy Cadaret, Grant & Co. Arita bought all of Cadaret, Grant plus all of its sister companies, Cadaret Grant Agency and Capital Strategy Group. Financial terms weren’t announced. Cadaret, Grant, of Syracuse, New York, is a broker-dealer.

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Advent to buy Zentiva for 1.9 bln euros

By Lillian Whittaker — 3 days ago

Advent International has agreed to buy ZentivaSanofi’s European generics business, for 1.9 billion euros ($2.37 billion). Zentifa is the European generics business of Sanofi. Advent will invest in the company’s operations, production facilities and R&D pipeline.

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Alvarez & Marsal hires ex-Conway Mackenzie exec for restructurings

By Chris Witkowsky — 3 days ago

Alvarez & Marsal hired Jeffrey Huddleston as a managing director in the Houston office. Huddleston specializes in advising distressed companies, lenders and creditors both in court and out-of-court restructurings and turnarounds. Previously, Huddleston worked as a managing director at Conway MacKenzie and helped launch their energy practice in Houston.

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Lindsay Goldberg hires ex-Crane & Co. CEO Stephen DeFalco

By Chris Witkowsky — 3 days ago

Lindsay Goldberg hired Stephen DeFalco, former chief executive officer of Crane & Co., as a partner. DeFalco will lead efforts to enhance operational and technological resources the firm provides to its portfolio companies. Crane & Co. is a supplier of currency paper and anti-counterfeiting technology to the U.S. government. Lindsay Goldberg invested in the company in 2008 and in 2011, the Crane family and Lindsay Goldberg hired DeFalco as the first external CEO in the company’s history.

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Zames joins Cerberus as president

By Luisa Beltran — 4 days ago

Cerberus Capital Management LP said April that Matt Zames has joined the firm as president, while Frank Bruno was promoted to co-CEO. Lee Millstein was also appointed president of the firm’s international business. Zames most recently served as COO of JPMorgan Chase. Bruno will be co-CEO alongside Steve Feinberg, Cerberus’ founder.

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Apax buys majority of Solita

By Luisa Beltran — 4 days ago

Apax Partners has acquired a majority of Solita from Vaaka Partners. Financial terms weren’t announced. Company management will have a minority. Solita, of Helsiniki, is a digital transformation company that provides strategic consulting, service design, artificial intelligence, analytics, and managed cloud services.

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Lambert, Edwards buys Owen Blicksilver Public Relations

By Luisa Beltran — 4 days ago

Lambert, Edwards & Associates has acquired Owen Blicksilver Public Relations Inc. Financial terms weren’t announced. Owen Blicksilver Public Relations, of New York, is a financial communications firm that specializes in private equity, real estate, financial services, bankruptcy, crisis, litigation support, and B2B marketing. Founder Owen Blicksilver is staying with Lambert under a multi-year agreement. He will serve as president of the Blicksilver unit, which will remain in New York.

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CSI IT buys Technical Resource Group

By Luisa Beltran — 4 days ago

CSI IT LLC, a portfolio company of White Wolf Capital LLC, has acquired Technical Resource Group Inc. Financial terms weren’t announced. Technical Resource, of Dallas, provides IT staff augmentation services for technical professionals around the United States.

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Pixid buys Carerix

By Luisa Beltran — 4 days ago

Pixid, a portfolio company of Keensight Capital, has acquired Carerix. Financial terms weren’t announced. Carerix, of Rotterdam, Netherlands, provides recruitment and staffing solutions.

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Morgan Stanley provides growth financing to Elevate

By Luisa Beltran — 4 days ago

Elevate said April 18 that it secured financing from Morgan Stanley Expansion Capital, the private investment platform within Morgan Stanley Investment Management. Financial terms weren’t announced. Elevate, of Los Angeles, provides consulting, technology and services to law departments and law firms.

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