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Deals & Exits

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Wells Fargo industrials banker Casey Rentch joined Goldman Sachs as the bank seeks to capture a larger share of the middle-market advisory and financing market. Rentch, who spent 14 years at Wells Fargo, will join Goldman Sachs next week as a managing director focused on the industrial sector, out of Atlanta. He will be part of […]
Road construction machinery
KPS Capital Partners LP, which just finished fundraising, exited International Equipment Solutions after eight years. Angeles Equity Partners said Tuesday, Nov. 5, that it acquired Crenlo Cab Products LLC. Crenlo was the remaining unit of IES that KPS still owned. With the sale, KPS made 3x its money on its overall investment in IES, a source […]
three people silhouetted against backdrop of power
Fiserv’s sale of its wealth platform has progressed to the final rounds, but the winner is still unclear, sources said. Thoma Bravo and Thomas H. Lee Partners were making a run for the unit, two people said. One GP mentioned Broadridge as possibly involved. “Thoma and THL are no longer in the process,” said a […]
Goldman Sachs launched a dedicated middle-market advisory and financing effort earlier this year, pushing into the market for companies—sponsor and non-sponsor backed—with enterprise values of $500 million to $2 billion. Goldman expects more than 100 bankers to work on the middle-market team, called Cross Markets Group. Three senior bankers, David Friedland, Will Bousquette and Rob […]
Manager praising employee
Private equity is apparently picking up another wealth manager. Ladenburg Thalmann, a network of five independent broker-dealers, is in talks to be sold to Advisor Group, Bloomberg reported Nov. 1. Jefferies is advising on the process, sources said. Bids for Ladenburg were due last week, according to a GP who passed on the deal. Ladenburg […]
Riverside Company wants to build out its education technology platform after the recent merger of OmniUpdate and Destiny Solutions. Earlier this week, Riverside acquired OmniUpdate, an internet content management system (CMS) provider for higher education clients. As part of the deal, the firm simultaneously merged OmniUpdate with Destiny Solutions, a provider of student lifecycle management […]
Quilvest Private Equity is weighing options for Command Alkon, a construction software and supply chain provider, three sources familiar with the process told Buyouts. William Blair will be advising Command Alkon on the potential sale, the people said. Quilvest Private Equity, the PE arm of global asset manager Quilvest Group, may kick off the sale […]
Terraced house for sale in West London
Conduent, the business process services company that spun off from Xerox, is putting BenefitWallet up for sale, four sources said. The sale comes after Conduent in August said it was undertaking a strategic and operational review of the company and each of our business lines. BenefitWallet is one of the largest HSA administrators with more […]
Photo of data detection and cybersecurity
GIACT Systems, one of the most coveted fintech businesses, is not up for sale, two sources said. GIACT hired Raymond James in 2018 to handle interest in the company, but no party is actively conducting due diligence, one of the people said. “The business is performing very well but there is no active process underway,” […]
Mortgage and payday loan concept
Snow Phipps may finally get to exit Velocity Financial LLC after nearly a dozen years. Velocity, a mortgage lender to residential rental and small commercial properties, has filed to go public again. Velocity plans to list on the New York Stock Exchange, under the ticker “VEL,” a regulatory filing dated Oct. 18 said. The Westlake […]
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