technology

Uses proprietary software to select prospects Works with potential partners on projects before investing Each PeakSpan partner works on 3 B2B software themes Matt Melymuka co-founded PeakSpan Capital in 2015 with Phil Dur and Brian Mulvey. The firm, focused on growth investments in B2B software, in January closed its sophomore fund on $265 million, exceeding the […]

Compass Group Equity Partners, the St. Louis private equity firm, is seeking at least six add-ons in 2019, Vice President Russell Williams told Buyouts. Last week, the firm acquired Protech Global Solutions, an electronics manufacturing services and third-party logistics solutions provider. The acquisition marks the fourth add-on to its flagship Compass Electronics Group platform since summer 2017. Protech […]

Madison Dearborn Partners will look for more carveouts in the government-tech sector as it expects to make 5x its money on the sale of LGS Innovations, a source told Buyouts. Madison Dearborn and CoVant Management said Jan. 30 they were selling LGS Innovations for $750 million to CACI International. LGS Innovations delivers communications products, R&D and […]

TCV plans to begin investing Fund X this quarter Fund exceeded target by $500 mln Firm seeks companies outside usual U.S. tech centers Technology Crossover Ventures has a fresh pool of $3 billion for what it sees as a great opportunity to buy into tech-enabled consumer and business and enterprise technology companies, Nathan Sanders, COO and general […]

Trive Capital is on the lookout for more carveouts after its $330 million cash acquisition of internet-service provider   EarthLink on Dec. 31. The Dallas PE shop acquired Atlanta-based EarthLink from Windstream Holdings, financing the deal with its cash assets. As part of the deal, Trive will also receive assets of nQue Technologies, as well as EarthLink’s midtown Atlanta […]

Recently, Carlyle Group Co-CEO Kewsong Lee said tech permeates every investment decision at the firm. “We have a saying at Carlyle: ‘Every deal is a tech deal,’” Lee told the PartnerConnect LP-GP Outlook conference in New York. Tech is also fast becoming one of the most popular PE-investment targets — and within the category, software will be a […]

TPG Capital met its five-year return goal two years early on the sale of Transporeon Group, a cloud-based logistics platform for industrial professionals, sources told Buyouts. This exit left the TPG investment team “extremely happy” as Transporeon grew both revenue and Ebitda more than 50 percent over the past three years, sources said. The PE firm […]

Clearlake Capital is eyeing more add-ons to its software and development-operations platform Perforce, which has recently grown to $150 million Ebitda, sources told Buyouts. Clearlake’s investment team will target companies in mobile testing, mobile development tools for software and security software, sources said. Last week, the PE shop acquired Rogue Wave Software, the Louisville, Colorado, […]

True Wind Capital, an emerging tech firm launched by two former KKR executives, made its first foray into public-company investing. This week, the firm said it took a minority stake in publicly traded Zix. Zix, almost simultaneously with True Wind’s investment, acquired AppRiver from Marlin Equity Partners for $274 million. The deal was unusual for True […]

Skyview Capital, a family office in Los Angeles, is working to complete this month a deal that would create a call-center platform employing about 16,000 people worldwide. Launched by a former Platinum Equity executive, Skyview is acquiring a portfolio of customer-care contracts from Conduent Inc. The portfolio generated about $500 million in revenue in 2017. […]