GTCR to buy Onvoy

By Iris Dorbian — 1 month ago

GTCR has agreed to acquire Minneapolis-based Onvoy LLC, a voice-enabling services provider. The seller was Communications Infrastructure Investments. No financial terms were disclosed for the transaction that is expected to close in the first quarter of this year. Stephens Inc provided financial advice to GTCR on the deal.

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GTCR closes Park Place Technologies buy

By Luisa Beltran — 2 months ago

Park Place Technologies has finalized its sale to GTCR. WestView Capital, which had owned a majority, will remain an investor. Financial terms of the deal, announced in November, weren’t announced. Cleveland-based Park Place provides post-warranty data center maintenance services to clients around the world.

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Cision to buy PR Newswire: UPDATED

By Luisa Beltran — 2 months ago

Cision said Tuesday it has agreed to buy PR Newswire from UBM plc. UPDATE: UBM, in a separate release, said it would receive $810 million plus $31 million of preferred equity. New York-based PR Newswire distributes press releases. Cision is a portfolio company of GTCR. Evercore and J.P. Morgan Cazenove advised UBM.

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GTCR to buy Park Place Technologies

By Luisa Beltran — 3 months ago

GTCR has agreed to buy Park Place Technologies from WestView Capital. Financial terms weren’t announced. Cleveland-based Park Place provides post-warranty data center maintenance services to clients around the world. Lazard Middle Market served as financial advisor to Park Place.

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Apax Partners completes AssuredPartners acquisition

By Iris Dorbian — 4 months ago

GTCR has sold insurance broker AssuredPartners to Apax Partners. No financial terms were disclosed. BofA Merrill Lynch served as lead financial advisor to AssuredPartners and GTCR on the transaction with Barclays and Morgan Stanley & Co. also providing financial advice.

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NorthStar Asset Management to buy The Townsend Group from GTCR

By Luisa Beltran — 4 months ago

NorthStar Asset Management Group Inc. said Thursday it has agreed to buy a roughly 85 percent stake in The Townsend Group. for about $380 million. GTCR is the seller. New York-based Townsend is a specialty real estate advisory and investment firm. NorthStar said it has obtained a $500 million financing commitment, which is being led by Morgan Stanley Senior Funding Inc. The deal is expected to close in early 2016. Morgan Stanley advised NorthStar.

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Opus Global buys Alacra Inc.

By Luisa Beltran — 5 months ago

Opus Global, a portfolio company of GTCR, has acquired Alacra Inc. Financial terms weren’t announced. New York-based Alacra provides information and workflow solutions for financial institutions and professional service firms. Marlin & Associates advised Alacra.

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GTCR closes Capella Healthcare sale

By Luisa Beltran — 6 months ago

GTCR said Tuesday it closed its previously announced sale of Capella Healthcare Inc. to Medical Properties Trust Inc. for $900 million cash. Franklin, Tennessee-based Capella owns and/or operates acute care and specialty hospital facilities in six states. Citi served as financial advisor to Capella/GTCR.

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GTCR completes sale of CBR to AMAG for $700 mln

By Iris Dorbian — 6 months ago

GTCR has closed its previously announced sale of Cord Blood Registry to AMAG Pharmaceuticals Inc for $700 million. Houlihan Lokey provided financial advice to CBR on the transaction while Deutsche Bank Securities Inc and Jefferies LLC advised AMAG. Based in San Bruno, California, CBR is a newborn stem cell company.

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GTCR completes Cord Blood sale to AMAG Pharma

By Luisa Beltran — 6 months ago

GTCR said Monday that it completed the sale of Cord Blood Registry to AMAG Pharmaceuticals Inc. for $700 million. San Bruno, California-based Cord Blood is the newborn stem cell company. The deal was announced in June. Houlihan Lokey served as CBR’s financial advisor while Deutsche Bank Securities Inc. and Jefferies LLC served as AMAG’s financial advisors.

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GTCR to exit AssuredPartners

By Luisa Beltran — 7 months ago

Apax Partners has agreed to buy a majority of AssuredPartners Inc. GTCR is the seller. Assured’s management will have a “significant” equity position, a statement said. Financial terms weren’t announced. BofA Merrill Lynch, RBC Capital Markets and Morgan Stanley Senior Funding Inc. are providing debt funding. Lake Mary, Florida-based AssuredPartners is an independent insurance brokerage.

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GTCR exits Protection 1

By Luisa Beltran — 8 months ago

GTCR has closed the sale of Protection 1 to Apollo Global Management. Protection 1 provides security alarm monitoring in the United States. Morgan Stanley & Co. LLC and Raymond James served as financial advisors to GTCR/Protection 1.

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