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Private equity firm Warburg Pincus LLC led a group of investors putting $100 million into eDaijia, which provides services in China similar to online ride-hailing service Uber, Reuters reported.
Riverside Company, private equity
Riverside Co’s exit of software and service company Navex Global in a sale to Vista Equity Partners marks the latest in a busy year of deals for the middle-market firm, which expects to buy and sell as many as 60 targets this year.
Prophet Equity plans to ramp up growth at Acton Mobile, a provider of office trailers and construction storage, after paying an undisclosed sum to acquire the company in its first investment from its new, $345 million Prophet Equity II LP fund.
Kinaxis Inc trimmed the expected offer price of its initial public offering on June 3, in a sign that market demand for the Canadian software company’s equity issue may not be as hot as originally expected.
Five private equity firms are looking at the generic drug maker VersaPharm, which is being sold by Tailwind Capital, two sources said.
Dominus Capital has put portfolio company Spectrum Corp on the selling block in a transaction being handled by Lazard’s middle market advisory shop out of Minneapolis, according to two sources familiar with the deal.
In just three years, H.I.G. Capital has recouped more than its investment in Cornerstone Chemical Co, sister website peHUB reported.
Private equity isn’t known for investing in the wedding banquet sector but that didn’t stop Prospect Partners, sister website peHUB reported.
Hospitality Staffing Solutions Group LLC, which provides housekeeping personnel for hotels, filed for Chapter 11 bankruptcy, three years after being acquired by private equity firm Frontenac Co.
Fundless mid-market private equity firm Rotunda Capital Partners has exited its investment in Worldwide Express after growing the UPS logistic provider’s revenue by about 3x in four years.
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