MegaPath to sell Wholesale business to Pivotal Group

MegaPath Corp., which is backed by Platinum Equity, said Monday that it has agreed to sell its Wholesale business and national colocation aggregation network to Pivotal Group. Financial terms were not announced. Pivotal plans to merge the MegaPath assets with its portfolio company, Global Capacity. Pleasonton, Calif.-based MegaPath provides managed voice, data, security and cloud services in North America. Bank Street provided financial advice to MegaPath. Phoenix-based Pivotal is a diversified investment company focuses on private equity and real estate.


Expert Global Solutions to sell segments of ARM business to Platinum Equity

Expert Global Solutions said Monday that it has agreed to sell “certain segments” of its accounts receivable management business to Platinum Equity. No financial terms were disclosed for the transaction, which is expected to close in the next several months. Credit Suisse Securities provided financial advice to EGS. Once the deal is completed, the business will run as Transworld Systems Inc. 


Audax buys Wheel Pros from Platinum Equity

Platinum Equity has sold Wheel Pros to Audax Private Equity. No financial terms were disclosed. William Blair provided financial advice to Platinum Equity on the transaction. Wheel Pros is a maker of high-performance wheels and tires.


PSERS to pull alternative investment contracts from public view

In the wake of the publication of 12 limited partnership agreements, the Pennsylvania Public School Employees’ Retirement System has decided to remove alternative investment contracts that were posted prior to 2012 on a publicly accessible database through the state treasurer’s website.


What the LPA leak shows about PE today

Some general partners have taken a fairly relaxed view of the recent leak of their limited partner agreements—which raises the point that what has been under lock and key for so long in this industry actually doesn’t need to be.


Platinum Equity exits Truesense Imaging

Platinum Equity has completed the sale of Truesense Imaging to ON Semiconductor. No financial terms were disclosed. Truesense Imaging is a provider of image sensing devices.

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