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.


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.

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