Sumeru invests in 3Gtms

By Iris Dorbian — 1 hour ago

Sumeru Equity Partners has made an investment in Shelton, Connecticut-based 3Gtms, a provider of Tier 1 transportation management software solutions. No financial terms were disclosed. PJ Solomon served as financial adviser to 3Gtms on the transaction.

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Arable names Hogan as VP

By Iris Dorbian — 1 hour ago

Arable Capital Partners has appointed Scott Hogan as a vice president. Prior to joining the firm, Hogan held executive roles at the Louis Dreyfus Company.

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KCI files for IPO

By Iris Dorbian — 7 hours ago

San Antonio, Texas-based KCI Holdings, a maker of wound care and specialty surgical products, has filed to go public. JPMorgan, Goldman Sachs and BofA Merrill Lynch will serve as the underwriters. KCI is an affiliate of medical technology company Acelity, whose backers include Apax Partners, PSP Investments and the Canada Pension Plan Board.

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PE-backed Brigham Minerals goes public

By Iris Dorbian — 7 hours ago

Austin-based Brigham Minerals, owner of oil and gas mineral royalty interests, has debuted its IPO after pricing its 14.5 million shares at $18 per share. The stock began trading April 28, 2019 on the New York Stock Exchange under the ticker symbol “MNRL.” Credit Suisse Securities (USA) LLC and Goldman Sachs are the lead underwriters. Brigham Minerals’ pre-IPO backers included Warburg Pincus and Yorktown Partners.

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Thoma Bravo completes take-private Ellie Mae buyout

By Iris Dorbian — 7 hours ago

Thoma Bravo has closed its take-private acquisition of Ellie Mae, a platform for the mortgage finance industry, for $99 per share. As a result of the closing, Ellie Mae is no longer trading on the New York Stock Exchange. J.P. Morgan Securities LLC served as financial adviser to Ellie Mae on the deal while Jefferies LLC did likewise for Thoma Bravo.

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Cinven to divest remaining stake in Visma to Hg and CPPIB

By Iris Dorbian — 8 hours ago

Cinven has agreed to sell its remaining stake in Visma to Hg and Canada Pension Plan Investment Board. No financial terms were disclosed. Visma is a provider of business software to small and medium-sized companies, retailers and local authorities across the Nordic, Benelux and Baltic regions.

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GIM beefs up board with new addition

By Iris Dorbian — 8 hours ago

Greenwich Investment Management has added Drew Collins to its board of directors. The appointment became effective January 9, 2019. Collins joined GIM in December 2011. Previously, he was a senior managing director for the Teachers Insurance and Annuity Association.

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Colony completes buyout of Abraaj’s Latin American PE platform

By Iris Dorbian — 8 hours ago

Colony Capital Inc has completed its previously announced acquisition of Abraaj Group‘s private equity platform in Latin America. No financial terms were disclosed. The acquired platform has been renamed Colony Latam Partners and will continue to be headed by its senior management team led by Miguel Olea, Hector Martinez, Gerardo Mendoza and Eduardo Cortina.

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