PEC Safety and Veriforce merge

By Iris Dorbian — 4 days ago

PEC Safety, a portfolio company of Thoma Bravo and Veriforce, which is backed by Greenridge Investment Partners, have merged. The newly combined company will focus on reducing risk in hazardous work environments. No financial terms were disclosed. Colby Lane will serve as CEO while Louie Werderich will become vice chairman.

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PE-backed Y-COM acquires General Utility Construction

By Iris Dorbian — 4 days ago

Y-COM Holdings LLC, which is backed by Cotton Creek Capital, has acquired Orlando, Florida-based General Utility Construction, a provider of telecommunications maintenance and construction services. No financial terms were disclosed. Generational Equity advised GUCI on the deal.

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MDP acquires InMoment

By Iris Dorbian — 4 days ago

Madison Dearborn Partners has acquired InMoment, a provider of customer experience management solutions. No financial terms were disclosed. Union Square Advisors was financial adviser to InMoment on the transaction while Stifel Nicolaus did likewise for MDP.

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H.I.G. Capital adds to real estate team

By Iris Dorbian — 4 days ago

H.I.G. Capital has named Tareck Safi to its real estate team as managing director and head of real estate debt. Previously, he worked at PIMCO where he was head of commercial real estate debt investments for EMEA.

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Crowdstrike files for IPO

By Luisa Beltran — 4 days ago

Crowdstrike, the cybersecurity company, filed May 14 to go public, according to an SEC filing. The company plans to trade on the Nasdaq under the ticker “CRWD.” Crowdstrike, of Sunnyvale, California did not reveal how many shares it would sell or their offer price. That will come in future filings. Crowdstrike is backed by Warburg Pincus, Accel and Alphabet.

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OpenGate buys Saint-Gobain’s silicon carbide unit

By Luisa Beltran — 4 days ago

OpenGate Capital said May 15 that it acquired the silicon carbide division of Saint-Gobain SA. Financial terms weren’t announced. The business will be renamed Fiven A/S. Fiven provides Silicon Carbide grains and powder that are used in applications including metallurgy, refractory materials, filtration products and technical ceramics.

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Spence joins General Atlantic

By Luisa Beltran — 4 days ago

Michael Spence, a renowned economist and Nobel Laureate, has joined General Atlantic as a special adviser. Dr. Spence, currently a professor of economics at New York University, is an expert in macro and micro economic growth.

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CenterOak Partners invests in Service Champions

By Luisa Beltran — 4 days ago

CenterOak Partners LLC said May 15 that it completed a majority investment in Service Champions. Financial terms weren’t announced. CEO Leland Smith is retaining a stake. Service Champions, which is merging with CenterOak portfolio company Moore Home Services, provides residential service and replacement services including air conditioning repair and replacement, plumbing, solar and electrical services.

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Artesyn Embedded Tech to sell embedded power unit to Advanced Energy

By Luisa Beltran — 5 days ago

Artesyn Embedded Technologies Inc,  a Platinum Equity portfolio company, has agreed to sell its embedded power business to Advanced Energy Industries Inc for about $400 million. Artesyn’s embedded power business supplies and makes power conversion products, including AC-DC power supplies, DC input devices and board mounted DC-DC modules.

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