JMI Equity invests $32 mln in Rsam

Rsam said Tuesday it completed a $32 million strategic growth investment from JMI Equity. Secaucus, New Jersey-based Rsam provides Governance, Risk, and Compliance solutions. Signal Hill acted as financial advisor to Rsam.


JMI Equity and TPG Growth sell PowerPlan to Thoma Bravo

Thoma Bravo has bought Atlanta-based PowerPlan, a provider of of accounting, tax and capital budgeting optimization solutions for capital asset-intensive businesses. The sellers were JMI Equity and TPG Growth. No financial terms were disclosed. William Blair provided financial advice to PowerPlan on the transaction.


JMI Equity promotes three to GP

JMI Equity has promoted Matt Emery, David Greenberg and Bob Nye to general partner. The appointments become effective immediately. Prior to joining JMI, Emery worked at Thomas Weisel Partners where he served as an analyst while Greenberg was an associate at Cascadia Capital and an analyst at Houlihan Lokey. And, before he came to JMI, Nye worked at Bates White where he was a consultant.


JMI Equity leads $20 mln round for Seismic

Seismic, a provider of sales enablement solutions, has raised $20 million in Series B funding. JMI Equity led the round with participation from other investors that included Sigma West. In conjunction with the funding, Peter Arrowsmith, a general partner at JMI, has been added to Seismic’s board of directors.


Growth equity an eclectic mix at Hawaii ERS: VCJ

The growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.

First read march 11

peHUB First Read

This morning First Read brings you an analysis of firm versus team performance track record, a need to know about due diligence issues, how dividend taxes affect corporate investment and TPG and Carlyle set to raise over $2 bln in Australia Healthscope IPO.


KKR agrees to buy Internet Brands

KKR has agreed to acquire Internet Brands from Hellman & Friedman and JMI Equity. No financial terms were disclosed. Internet Brands’ management will hold a minority stake in the business. Headquartered in El Segundo, Calif., Internet Brands is a provider of online media and software solutions.


PE-backed Innovative acquires VTLS

Innovative (formerly known as Innovative Interfaces), which is backed by HGGC and JMI Equity, has acquired VTLS as an add-on. No financial terms were disclosed. Headquartered in Blackburg, Virginia, VTLS is a library automation solutions provider.


JMI Equity backs Dean Evans & Associates

Dean Evans & Associates has secured growth funding from JMI Equity. No financial terms were disclosed. Based in Denver, Dean Evans & Associates is a provider of facility scheduling and event management solutions.

Hellman & Friedman to sell HR software firm Kronos – Reuters

Private equity firms Hellman & Friedman and JMI Equity are exploring a sale of human resources management software firm Kronos, which could be valued at more than $4 billion, writes Reuters. Kronos is in early stage talks with a small group of private equity firms, including KKR & Co LP, TPG Capital LP and Bain Capital LLC, about a potential deal, writes Reuters.


Bain could earn 4x on Applied Systems – source

Bain Capital LLC stands to make more than 4x its invested capital when it completes the sale of insurance software maker Applied Systems Inc in a secondary sale to Hellman & Friedman LLC, a person with knowledge of the transaction told Buyouts.

Reuters – Israel PE deals down in 2012

Private equity deals in Israel declined by 10 percent to $2.6 billion in 2012, with more than half of the investment in software companies, according to the IVC Research Center writes Reuters. The buyout of software firm Paradigm Geophysical by Apax Partners and JMI Equity for $1 billion accounted for 39 percent of the total annual deal value.

Israeli Private Equity Keeps Pace in Third Quarter, But Values Drop

Private equity deals in Israel fell dramatically in value if not in terms of pace in the third quarter, according to new data out of the IVC Research Center. Sixteen deals, valued at $272 million, were completed, according to the firm’s data. Meanwhile, in the second quarter of this year, 14 deals were sewn up at a collective value of $1.6 billion.

Fox Paine Announces Sale of Paradigm — and 7.8x Return with It

Fox Paine, the Woodside, Calif.-based private equity firm, has completed its sale of Paradigm, maker of geoscience softwae, to Apax Partners and JMI Equity in a $1 billion cash merger trasnaction. Fox Paine Fund II acquired then publicly traded Paradigm in August 2002. The firm says it is realizing a 7.8x return with Paradigm’s sale. […]

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