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Deals & Exits

Hg has brought on professionals from CVC and Temasek to help open its first U.S. office, sources familiar with the firm told Buyouts. Gero Wittemann and Ben Meyer, both partners with Hg in New York, joined the firm in the fall of 2018 from CVC Capital Partners and Temasek, respectively. Around the same time, the firm also […]
Genstar Capital will acquire OEConnection for nearly $1.3 billion, sources familiar with the process told Buyouts. Providence Equity is exiting the investment after a three-year hold, while General Motors and Ford, both minority investors in the company, will retain their stakes, the people said. Each automaker owns 15 percent of OEConnection. The process, which kicked […]
PwC, Andrew Cristinzio, private equity, merger, M&A
PE exit activity slowed in the first half of the year, pushing the inventory of PE portfolio companies to an all-time high, according to a recent report by PwC. In June there were more than 9,600 U.S. PE-backed portfolio companies, a 78 percent increase since 2009, the report said. Almost 40 percent of the current […]
Application, Software, Cloud, Communication, Global Communications, Computer Network, Design, Technology, Downloading
Sumeru Equity Partners is looking for a buyer for expense-management tech company MDSL, three sources familiar with the process told Buyouts. The process has passed first-round bids, one source said. William Blair is advising MDSL on the sale, the people said. MDSL, of Phoenix, Arizona, provides technology expense management and market data management through a […]
Thoma Bravo and Silver Lake have bid for J.D. Power, an automotive marketing company backed by Chinese buyout firm XIO Group, sources familiar with the process told Buyouts. XIO Group is accepting second-round bids for the company, and two tech-focused buyout firms are in the mix, the people said. Evercore is said to be advising […]
HireVue has $93 mln in total funding The deal likely to have sponsor outcome Goldman Sachs advises company on the sale HireVue, a recruitment software company backed by Technology Crossover Ventures, Granite Ventures and Sequoia Capital, is on the block, sources familiar with the process told Buyouts. The process is in the early stages, the […]
The deal was signed on June 28 William Blair advised DocuWare on sale Initial investment came out of Expansion Capital fund Morgan Stanley’s growth focused Expansion Capital team is set to make more than 5.5x its money on sale of DocuWare, the firm told Buyouts. Expansion Capital, which sits within Morgan Stanley Investment Management sold […]
upstairs, on the rise
Deal could fetch up to $200 mln: source Raymond James advising Primus on sale Primus made the investment in 2014 Primus Capital is selling its stake in SkillSurvey, a provider of reference assessments, three sources familiar with the process told Buyouts. Raymond James is advising Primus on the sale, the people said. It’s unclear when […]
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