Sterling Partners and Permira-led group complete eBay enterprise unit buyout

By Iris Dorbian — 3 months ago

A consortium comprised of Sterling Partners, Longview Asset Management, Sterling Partners‘ portfolio company Innotrac Corp and companies owned by Permira Funds have closed its previously announced acquisition of eBay’s enterprise unit for $925 million. As a result of the transaction, Sterling Partners now owns eBay’s enterprise operations and enterprise technology services while Permira Funds owns the Magento commerce technologies’ business, the marketing solutions business and the CRM business.

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Silversmith beefs up team with four additions

By Iris Dorbian — 4 months ago

Silversmith Capital Partners has hired Marc Munfa as a principal, Brian Peterson and Srikant Rao as vice presidents and Nikhil Marathe as a senior associate. Prior to joining Silversmith, Munfa was a vice president at JMI Equity, Peterson was a vice president at Sterling Partners, Rao was senior director of advertising products at Salesforce.com and Marathe was an associate at TA Associates.

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TorreyCove promotes one to VP and hires another as VP

By Iris Dorbian — 5 months ago

Private equity advisor TorreyCove Capital Partners has promoted Kyson Hawkins to vice president. The company has also named Matthew Coyne as a vice president. Hawkins has been with TorreyCove since 2014. Previously, he worked at Sterling Partners while Coyne recently worked at Pathway Capital Management where he served as a senior associate.

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Sterling Partners acquires Hoffman Southwest Corp

By Chris Witkowsky — 7 months ago

Sterling Partners has acquired Hoffman Southwest Corp, which assesses and repair underground pipeline. Hoffman Southwest is the largest franchisee of Roto-Rooter in the U.S. The company’s existing management, including Mark Metcalfe and Monte Yoder, will continue to lead daily operations. The deal closed on July 13.

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Prospect Mortgage to buy CapWest Mortgage

By Luisa Beltran — 7 months ago

Prospect Mortgage said Friday it is buying certain assets of CapWest Mortgage, a division of Farmers Bank & Trust. Financial terms weren’t announced. Kansas City-based CapWest is a call center operation focusing on Consumer Direct sources of business. Prospect Mortgage is backed by Sterling Partners.

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PE-backed Q-Centrix hires CFO

By Iris Dorbian — 9 months ago

Q-Centrix, a portfolio company of Sterling Partners, has named Max Broedlow as chief financial officer. Previously, he worked at Strata Decision Technology LLC.  Based in Portsmouth, New Hampshire and Chicago, Q-Centrix is a medical tech company.

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Sterling Partners unveils $200 mln education fund

By Iris Dorbian — 10 months ago

Sterling Partners has teamed up with USA Funds to launch its $200 million Education Opportunity Fund. The fund will back growth-stage education companies. Sterling co-founder and Senior Managing Director Chris Hoehn-Saric and Managing Directors Shoshana Vernick and Jason Rosenberg will lead the fund.

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PE-owned Innotrac appoints new CEO

By Iris Dorbian — 11 months ago

Innotrac, a portfolio company of Sterling Partners, has named Ramesh Srinivasan as CEO. Based near Atlanta, Innotrac Corp. is a provider of ecommece solutions and services to digital retailers.

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Sterling Partners sells GEM to Evergreen

By Iris Dorbian — 1 year ago

Sterling Partners has sold its portfolio company GEM Mobile Treatment Services to Evergreen Industrial Services. No financial terms were disclosed. GEM provides various services for the petroleum, petrochemical, environmental and energy sectors.

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PE-owned Worldpay closes SecureNet acquisition

By Iris Dorbian — 1 year ago

Worldpay, which is owned by Advent International and Bain Capital, has completed its buy of SecureNet Payment Systems. The seller was Sterling Partners. No financial terms were disclosed. Based in Austin, Texas, SecureNet is a payment solutions provider.

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Worldpay to acquire PE-owned SecureNet

By Iris Dorbian — 1 year ago

Worldpay, which is backed by Advent International and Bain Capital, has agreed to buy SecureNet. No financial terms were disclosed. The deal is expected to be completed in December 2014. William Blair was financial advisor to SecureNet and its owner Sterling Partners on the transaction. Based in Austin, Texas, SecureNet is a payment solutions provider.

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RMG Networks hires ex Sterling Partners’ operating partner as interim president/CEO

By Iris Dorbian — 2 years ago

RMG Networks has named Robert Michelson as interim president and CEO. The appointment is effective immediately. Michelson is replacing Garry K. McGuire Jr. Michelson is a former operating partner at Sterling Partners. RMG Networks has also promoted Loren Buck to chief operating officer from executive vice president of strategy and business operations. Headquartered in Dallas, RMG helps companies communicate better using location-based video networks.

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PE-backed School of Rock hires CEO

By Iris Dorbian — 2 years ago

Music education franchise School of Rock, which is backed by Sterling Partners, has hired Dzana Homan as CEO. Previously, Homan worked at Goddard Systems where she served as chief operating officer.

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PE-backed Adeptus Health debuts IPO

By Iris Dorbian — 2 years ago

Adeptus Health, a portfolio company of Sterling Partners, has launched its IPO after pricing its 4.9 million shares at $22 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “ADPT.” Deutsche Bank Securities, Goldman Sachs, Evercore Group and Morgan Stanley are the lead underwriters. Adeptus Health owns and operates First Choice Emergency Room, a network of independent freestanding emergency rooms.

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