Blackbaud buys VC-backed Smart Tuition

Blackbaud Inc has acquired Smart Tuition, a provider of payment solutions for private schools and parents, for $190 million. Sagent Advisors LLC served as financial advisor to Blackbaud on the transaction while Raymond James did likewise for Smart Tuition. Smart Tuition’s backers included Atlas Venture, Flybridge Capital Partners and North Hill Ventures.


MSouth sells Coastal to Arlon Group

Arlon Group has acquired The Coastal Companies, a fresh produce and dairy supplier, from MSouth Equity Partners. No financial terms were disclosed. Sagent Advisors provided financial advice to Coastal on the transaction.


Sagent Advisors names co-CEOs

Investment bank Sagent Advisors has appointed Joseph Donohue and Bill Kohr as co-CEOs. Both will be succeeding Hal Ritch, the company’s co-founder, who will continue as a managing director and board chairman. All changes are effective as of today.


H.I.G. buys Pegasus’ Distribution Services unit

Pegasus Solutions has sold its Distribution Services business to H.I.G. Capital. Terms of the deal, which closed Nov. 10, weren’t announced. The transaction was part of Pegasus’ sale of its Reservation Services business to Regent Equity Partners, which was completed in October. All of Pegasus has been sold, the statement said. Pegasus’ Distribution business provides information and data connectivity to nearly 100,000 hotels. Matthew Epstein of Sagent Advisors provided financial advice to Pegasus.


Novacap inks buy of Dialogic

Novacap has agreed to buy Dialogic for total cash consideration of $35.3 million. Sellers include Tennenbaum Capital Partners. Once the deal closes, Novacap will own more than 90 percent. Parsippany, N.J.-based Dialogic provides communications technology for networks. Sagent Advisors provided financial advice to Dialogic.

Sagent Promotes Three Executives

Sagent Advisors said Thursday that Will Carnell, Sarah Forcino and Katie Kieran were each promoted to the position of VP. Carnell joined Sagent in 2009 and focuses in the packaging, capital goods and multi-industry sectors. Forcino has been with Sagent since 2007 and focuses on the execution of mergers and acquisitions and alternative capital markets transactions across multiple industries. Kieran joined Sagent in 2009 and is a member of the firm’s financial sponsors team.

Boom Financial Closes $17 Mln Round Led by Digicel

Digicel Limited has led a $17 million Series C round for Boom Financial. Existing investors also participated. Boom provides mobile banking, payments and money transfer service for the U.S. immigrant population and their extended families. Sagent Advisors provided financial advice to Boom. PRESS RELEASE On July 18, 2012, Boom Financial (the “Company”, formerly known as […]

Michael Wilkins Joins Harris Williams as Senior, West Coast Tech Banker

Harris Williams & Co., the Richmond, Va.-headquartered middle market advisor, has hired Michael Wilkins as its senior tech banker on the West Coast. Wilkins will head the company’s U.S. efforts in Internet and digital media. Prior to joining Harris Williams & Co., Wilkins was a managing director at Sagent Advisors where he co-founded the firm’s technology […]

Sagent Advisors Gets Symphony Capital’s Kessel

Sagent Advisors lured Mark Kessel to join its practice as a senior advisor in its healthcare segment, the bank announced. Kessel comes to Sagent after having founded Symphony Capital, a PE firm with a focus on biopharmaceutical companies.

A Q&A with Ron Pillar: The Return of Tech M&A and Leaders In The Tablet Wars

Every day, it seems there’s a tech company being sold or rumored to be on the block. With so many deals, I thought I should reach out to someone with deep background in the sector.

Ron Pillar joined i-bank Sagent Advisors on Wednesday as an MD in the tech group. Before Sagent, Pillar was at Ladenburg Thalmann where he was vice chairman and co-head of investment banking.

Prior to that, he spent nine years at J.P. Morgan where he was head of technology investment banking. It was at J.P. Morgan that Pillar headed up the advisory team in the 2006 merger of Lucent Technologies and Alcatel of France. He also directed the $700 million IPO of Neustar as well as the $8 billion spin-off of Teradata from NCR Corp.

Sagent Advisors Hires Omar Namoos As A Senior Banker

Sagent Advisors Inc. hired Omar Namoos as a senior banker focused on the aerospace and defense sector. Namoos was the founder and president of an aerospace and defense advisory firm called Greystone Advisory Group. Sagent Advisors is an independent mergers and acquisitions advisory firm.

Jonathan Bayer Joins Sagent Advisors

Jonathan Bayer has joined Sagent Advisors as general counsel and chief compliance officer. He previously was with Willis Group as chief counsel for the firm’s capital markets and advisory unit.

Sagent Snares Wachovia Tech Bankers

David Bain and Michael Wilkins have joined M&A advisory Sagent Advisors as managing directors, in the firm’s telecom, tech and media practice. They previously were with Wachovia Securities. Bain oversaw Wachovia’s tech M&A practice, while Wilkins ran Wachovia’s Internet, digital media and Internet infrastructure I-banking group. Also joining Sagent as an associate is Trent Read.

Joe Marren Leaves Sagent Advisors

Joe Marren has departed from independent investment bank Sagent Advisors, where he was a Managing Director since 2005, peHUB has learned. He has joined a firm called K Stone Partners, where he is the President and CEO, his former employer told peHUB. No information regarding the objective of K Stone Partners was available. Prior to […]

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