Code42 raises $85 mln

Code42 said Tuesday it raised $85 million in Series B funding led by new investors JMI Equity and New Enterprise Associates Inc. Existing investors Accel and Split Rock Partners also participated in the financing. Minneapolis-based Code42 is an enterprise SaaS provider of endpoint data protection and security to businesses. Code42’s total funding comes to more than $137 million.


JMI Equity-backed PointClickCare files for IPO

Ontario-based PointClickCare, a software provider for the senior care industry, has filed for an IPO. The number of shares that will be sold as well as the pricing terms have yet to be set. The company plans on trading the stock on the NASDAQ under the ticker symbol “PCLK” and on the Toronto Stock Exchange under the ticker symbol “PCC.” J.P. Morgan Securities LLC, Goldman Sachs and RBC Capital Markets LLC are serving as the lead underwriters. PointClickCare is backed by JMI Equity.


Hellman & Friedman, JMI Equity to exit Ellucian

TPG Capital and Leonard Green Partners have agreed to buy Ellucian. The sellers are Hellman & Friedman and JMI Equity. Financial terms weren’t announced but Reuters valued the deal at $3.5 billion. Fairfax, Virginia-based Ellucian provides software to universities and colleges. Morgan Stanley & Co. LLC, BofA Merrill Lynch, BMO Capital Markets Corp., and Barclays served as financial advisors to TPG and Leonard Green. Credit Suisse and Goldman, Sachs & Co. served as financial advisors to Ellucian.


JMI leads $123 mln growth funding in Intelex

JMI Equity has led a $C160 million ($122.9 million) growth funding in Intelex, which provides environmental, health, safety and quality management software. HarbourVest also participated in the funding round. David Greenberg, a general partner at JMI, and Rob Wadsworth of HarbourVest, will join Intelex’s board.


JMI Equity leads $33 mln round for Workfront

Workfront, a provider of enterprise work management solutions, has raised $33 million in funding. JMI Equity led the round with participation from other investors that included Greenspring Global Partners and Atlas Peak.


Benevity snags Series A funds from JMI

Calgary-based Benevity, a provider of workplace giving and volunteer management software solutions, has closed C$38 million in Series A funding. The investor was JMI Equity. In addition to the funding, Bob Nye, a general partner at JMI, has been added to Benevity’s board of directors.


Adaptive Insights raises $75 mln in late-stage round

Palo Alto, Calif.-base Adaptive Insights announced it has raised $75 million in a Series G round of funding from new investor JMI Equity, along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures and Information Venture Partners. The company has now raised more than $176 million in total funding, including a $45 million round two years ago.


ABRY buys Compusearch Software

Arlington Capital Partners and JMI Equity have sold their stakes in Compusearch Software Systems Inc. to ABRY Partners. Financial terms weren’t announced. SunTrust provided senior financing. Dulles, Virginia-based Compusearch provides acquisition and program management software to Federal agencies, DoD program offices, and government contractors.


JMI Equity and MK Capital back Intradiem

Intradiem Inc, a provider of intraday automation solutions for frontline workforces, has secured an undisclosed amount of funding. The investors were JMI Equity and MK Capital.


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.

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