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Willis joined firm in early March Firm looks for an associate with good PE training Expands the team post Fund-II closure Strattam Capital, the Austin private equity firm focused on business-IT services, in early March hired Neil Willis as the firm continues to expand post-Fund II closure. Strattam is also looking for an associate to join […]
3i Group seeks add-ons to Magnitude Software as it plans to develop strong ties with SAP and Oracle. The private equity firm, which on March 19 completed a majority investment in Magnitude, wants to expand Magnitude’s capabilities and reach, Andrew Olinick, co-head of North America PE, told Buyouts. “We continue to look at additional add-ons to […]
FFL Partners is eyeing more deals in the industrial internet of things after it acquired Servelec Technologies, a data-connectivity platform for water processing. The PE firm is looking particularly in telemetry — automated data measurement and data transmission — for water and wastewater applications, gas-tank data connectivity, and oil-and-gas monitoring and automation, Greg Long, partner at FFL, told […]
travel technology, airlines, private equity, traveltech, Juan Arcienegas
777 Partners is betting on technology that works to simplify how low-cost airlines sell their products to customers. The firm completed its acquisition of Air Black Box at a time when more PE firms are boosting their investing activity in the space. The Miami private equity firm, which invests on behalf of general partners, a local PE firm […]
When a group of hedge funds and debtholders were exploring an exit from Electrical Components International in May 2014, the company’s growth opportunity for a new buyer was not obvious. ECI, an international wire-harness manufacturer, relied heavily on the North American appliance industry and one customer, and it didn’t have a low-cost solution for European […]
Gamut Capital, JPW Industries, Baileigh Industrial, private equity, merger, m&a
Goldman, BMO provided $100 mln financing: documents Baileigh said to add direct sales channel, expand product line Companies were in talks in September: source Gamut Capital-backed JPW Industries acquired Baileigh Industrial, a metal machinery and metal fabrication equipment company, according to documents seen by Buyouts. Gamut paid almost $150 million for the add-on, financing the […]
Technology Crossover Ventures endorsed tech-powered educational platform Newsela with $50 million in Series C funding, the firm said in a statement. Newsela is an edtech company, customizing news, speeches and reviews for children of different reading abilities. TCV first got in touch with the company in 2015 and its goal resonated with the investing team, Dave […]
Private equity shops are grabbing their tickets to tech investing with buyouts of online booking and travel software companies. In the past year, firms including Accel-KKR, Thoma Bravo, Silver Lake and 3i Group completed 10 deals in the space, according to Pitchbook data. Buyouts in the space have increased 50 percent since 2014, according to Pitchbook. […]
technology, cybersecurity, private equity, merger, m&a
Boyne Capital and Grindstone Partners made more than 10x their money on the sale of Fulcrum IT Services, sources familiar with the situation told Buyouts. The firms, based in Miami and Alexandria, Virginia, respectively, on Feb. 26 sold Fulcrum Services for $193 million to Huntington Ingalls Industries. Both firms had a return “well north of […]
Wavecrest Growth Partners, private equity, merger, M&A, technology, software
Invests in tech companies outside Silicon Valley The firm already invested $65 mln across 3 deals Two more deals close to completion Wavecrest Growth Partners is looking for business-to-business tech deals outside Silicon Valley with a fresh pool of capital from its debut fund. The Boston private equity shop, co-founded in 2016 by former Bain Capital […]
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