GTCR invests in Rx30

By Luisa Beltran — 8 months ago

GTCR has invested in Transaction Data Systems Inc., which does business as Rx30. Financial terms weren’t announced. Ocoee, Florida-based Rx30 develops and supplies pharmacy management software solutions to the independent, hospital, long-term care and specialty pharmacy markets. Macquarie Corp. and Asset Finance Lending, Golub Capital, ORIX Leveraged Finance, Ares Capital Corp. and Business Development Corp. of America provided financing for the transaction. William Blair & Company served as financial advisor.

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Warburg closed Sterigenics buy

By Luisa Beltran — 9 months ago

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.

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GTCR-backed AssuredPartners appoints Sherman as vice chairman

By Iris Dorbian — 9 months ago

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.

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AssuredPartners buys T.A. Cummings Jr. Company

By Luisa Beltran — 9 months ago

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.

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GTCR closes Fundtech sale

By Luisa Beltran — 9 months ago

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.

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

By Luisa Beltran — 11 months ago

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.

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Warburg Pincus and GTCR to recap Sterigenics

By Iris Dorbian — 11 months ago

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.

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