FIS to buy SunGard in $9.1 bln deal

Fidelity National Information Services Inc (FIS) said Wednesday that it has agreed to buy SunGard in a deal valued at $9.1 billion, including the assumption of debt. Wayne, Pennsylvania-based SunGard is a financial software company with $2.8 billion in annual revenue. Seven private equity firms – Silver Lake, TPG, Bain Capital, KKR, Blackstone Group, Providence Equity Partners and Goldman Sachs’ private equity unit – acquired SunGard in 2005 in a $11.3 billion deal. BofA Merrill Lynch and Centerview Partners LLC acted as financial advisors to FIS. Goldman Sachs & Co., J.P. Morgan Securities LLC, Barclays, Deutsche Bank Securities Inc. and Credit Suisse acted as financial advisors to SunGard.


Blue Coat buys Perspecsys

Blue Coat Systems Inc., a Bain Capital portfolio company, said Thursday it acquired Perspecsys Inc. Financial terms weren’t announced. Intel Capital, Paladin Capital and Ascent Venture Partners are the sellers. Perspecsys Inc. provides enterprise cloud data protection solutions.


Leisinger joins Madison Capital as director and mezzanine credit head

Chicago-based middle market lender Madison Capital Funding has hired Jon Leisinger as a director and head of mezzanine credit. Previously, Leisinger worked at Bain Capital‘s credit affiliate Sankaty Advisors where he served as an executive vice president responsible for mezzanine deal origination, credit evaluation, execution and portfolio management. Leisinger’s appointment comes on the heels of news, as previously reported by PE HUB, that Devon Russell, a senior managing director, had left Madison Capital after a dozen years.


VC-backed security data provider Rapid7 goes public

Security data and analytics provider Rapid7 has debuted its IPO after pricing its 6.45 million shares at $16 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “RPD.” Morgan Stanley & Co. LLC and Barclays Capital Inc are serving as the lead underwriters. Rapid7 is backed by Bain Capital and Technology Crossover Ventures.


Bain Capital completes TI Automotive acquisition

Bain Capital has closed its previously announced buy of Auburn Hills, Michigan-based TI Automotive, a provider of fluid storage, carrying and delivery systems for cars and trucks. No financial terms were disclosed. Blackstone Advisory Partners provided financial advice to TI Automotive while Goldman Sachs and UBS Securities LLC served as financial advisors to Bain Capital.


Advent, Bain and Clessidra to buy ICBPI

A consortium comprised of Advent International, Bain Capital and Clessidra have agreed to acquire Istituto Centrale delle Banche Popolari Italiane S.p.A. for a consideration of 2.15 billion euros. Rothschild, HSBC and Vitale & Associati served as financial advisors to consortium. Based in Milan, ICBPI is a banking services provider.

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