Featured

Communitas targets $50 mln for debut fund Invests in fintech entrepreneurs Formed by three executives Three big-name executives are in market raising their debut fund to invest in financial-technology entrepreneurs, sources said. Communitas Capital Partners Fund I is targeting $50 million, sources said. Fund I has raised at least $14.9 million, according to a Form […]

Mentors are important to women’s success: Nima’s Said Men who help women in their careers should be acknowledged Meritocracy is important Suna Said, founder of single-family office Nima Capital, believes that as American society goes through its reckoning with rampant sexual harassment, women should be vocal about the men who have helped them rise in their […]

Tacora Resources, an iron ore mining and processing business backed by U.S. private equity firm Proterra Investment Partners, this week priced its recently filed initial public offering in Canada. The company is seeking to raise $125 million, the updated prospectus shows, an amount that could increase to $144 million if the IPO’s greenshoe option is fully exercised. Tacora will use the proceeds to help finance the restart of the Scully Mine in Wabush, Newfoundland and Labrador, which the company acquired last year.

Debut fund targets $50 mln Invests in companies underperforming because of transition Firm invested deal-by-deal for eight years Three former Platinum Equity executives are targeting $50 million for their debut fund to invest in companies that are in some form of transition, two people with knowledge of the firm told Buyouts. The firm, CounterPoint Capital […]

Private equity is losing the battle for Hyperwallet Systems Inc, five sources said. A strategic has offered $400 million for Hyperwallet, beating out lower bids from PE, two sources said. PE firms topped out at $325 million for Hyperwallet, one said. Six PE firms are out of the auction, another source said. One of the PE […]

Public Sector Pension Investment Board, one of Canada’s largest and fastest growing pension systems, is doing more direct deals as part of a strategy intended to transform its approach to private equity and infrastructure investing. Over two-plus years, PSP Investments has deployed billions of dollars to a series of global transactions, shining a light on the characteristically low-profile institution. One result has been growth in PE co-sponsorships and co-investments to “slightly above” half of portfolio assets today from 40 percent in 2015, Guthrie Stewart, PSP senior vice president and global head of private investments, told PE Hub Canada.

Sale to fintech or HCIT company expected Lightyear investment dates to 2012 Boston company helps administer health benefit accounts Lightyear Capital’s Alegeus is working with B of A Merrill Lynch on its sales process, according to three sources. Buyouts reported earlier this month that the consumer-directed healthcare payment and processing firm was on the auction […]

Fund III targets $300 mln Makes growth investments in community banks Congress just passed bill easing rules on smaller banks Patriot Financial Partners, which focuses on investments in community banks, is nearing completion of its fundraising for its third pool as Congress just made life easier for small banks. Patriot has raised more than its […]

Seto joined Freeman in January 2017 Seto resigned from Freeman around March 9, 2018 Suit alleges Seto tried to solicit business while still employed by Freeman Freeman & Co, a boutique investment bank, has sued Tony Seto, a former executive director, claiming he stole “highly confidential trade secrets” when he left and joined a rival bank. […]

Cardinal bought 71 percent from WCAS in 2015 for $290 mln Led by CEO Clay Richards, ex-Healthways exec naviHealth is nation’s largest BPCI convener Cardinal Health is exploring the sale of naviHealth, its post-acute-care coordination business, according to four people with knowledge of the matter. Allen & Co is providing financial advice on what has been a […]