Warburg closed Sterigenics buy

Warburg Pincus has closed its buy of a majority of Sterigenics International. Financial terms weren’t announced. GTCR, which was the seller, will retain a minority. The deal was valued at $2 billion, Reuters News has reported. Deerfield, Illinois-based Sterigenics provides contract sterilization services.

GTCR-backed AssuredPartners appoints Sherman as vice chairman

AssuredPartners Inc, which is backed by GTCR, has named D. Michael Sherman as vice chairman. In addition to his new role, Sherman will continue as chairman and CEO of Dawson Companies, a platform company of AssuredPartners. Headquartered in Lake Mary, Florida, AssuredPartners is an insurance agency.

AssuredPartners buys T.A. Cummings Jr. Company

AssuredPartners Inc., a GTCR portfolio company, has acquired T.A. Cummings Jr. Company. Financial terms weren’t announced. Skokie, Illinois-based T.A. Cummings provides property and casualty and personal insurance products and services to commercial clients and individuals.

AssuredPartners buys Greater South Agency

AssuredPartners, a GTCR portfolio company, has acquired Greater South Agency. Financial terms were not announced. Columbia, South Carolina-based Greater South is a family-owned insurance broker.

GTCR closes Fundtech sale

GTCR said Friday it closed its sale of portfolio company, Fundtech, to DH Corp. The deal was valued at about $1.25 billion New York-based Fundtech provides software that facilitates payment processing, cash management, and financial messaging products for financial institutions and corporate customers. Barclays and RBC Capital Markets LLC advised Fundtech.


GTCR to sell Fundtech to DH Corp. for $1.25 bln

GTCR said Monday that it has agreed to sell Fundtech to DH Corp. for about $1.25 billion cash. The deal is expected to close in second quarter. New York-based Fundtech provides transaction banking software and services. Barclays and RBC Capital Markets LLC provided financial advised to Fundtech.


Warburg Pincus and GTCR to recap Sterigenics

Warburg Pincus and GTCR will recapitalize Sterigenics International, a provider of contract sterilization, gamma technologies and medical isotopes. No financial terms were disclosed. The transaction is expected to be completed in the second quarter of this year. Goldman, Sachs & Co. and Jefferies LLC were financial advisors to Sterigenics and GTCR while J.P. Morgan Securities LLC provided additional financial advice to GTCR. Also, JPMorgan will provide debt financing for the recap. Sterigenics is owned by GTCR.

PE-backed AssuredPartners buys Amtech Insurance Brokers

AssuredPartners, a portfolio company of GTCR, has acquired Amtech Insurance Brokers. No financial terms were disclosed. Based in Latham, New York, Amtech is a provider of commercial insurance and risk management solutions for businesses of all types.

Gardner joins AssuredPartners as regional president

AssuredPartners Inc., a portfolio company of GTCR, said that Matthew Gardner was named regional president. Gardner will build and integrate the company’s existing operating platforms within the mid-Atlantic region. Gardner most recently led the integration of Bollinger Inc. into Arthur J. Gallagher & Co. Lake Mary, Florida-based AssuredPartners buys and invests in insurance brokerage businesses.


Apollo in the lead to acquire Protection 1 — Reuters News

Private equity firm Apollo Global Management LLC (APO.N: Quote, Profile,Research, Stock Buzz) is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, sources told Reuters News.

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