Franklin Square supports iSqft and CMD merger

Franklin Square Capital Partners has provided undisclosed funding to back the merger of iSqFt and CMD Group. Based in Norcross, Georgia, Warburg Pincus-based CMD provides construction information in North America while Cincinnati-based Isqft, which is backed by Genstar Capital, provides software and bid information for the commercial construction industry.


Genstar-backed Asset International hires Mandelbaum as CEO and president

Asset International Inc, a portfolio company of Genstar Capital, has named Joel Mandelbaum as CEO and president. Also, Mandelbaum has made an undisclosed investment in Asset International. Previously, he was an entrepreneur in residence at Warburg Pincus. Based in New York, Asset International is a provider of critical data, business intelligence and information services for the global investment management sector.


Illumina, Warburg, Sutter Hill Ventures form Helix

Illumina Inc., Warburg Pincus and Sutter Hill Ventures said Tuesday they have formed Helix, which has received more than $100 million in financing commitments. San Francisco-based Helix will reportedly serve as a digital hub for an individual’s genetic information, the New York Times said. The Center for Individualized Medicine at Mayo Clinic, which is collaborating with Helix, has also made a strategic investment.

PE-backed MultiView beefs up team with new hire

MultiView, a portfolio company of Warburg Pincus, has appointed Yariv Drori as vice president of programmatic advertising operations. Prior to joining MultiView, Drori worked at AY Digital where he was general manager and vice president of strategy. MultiView is a B2B marketing solutions provider.


Envestnet to buy Yodlee in $590 mln deal

Envestnet Inc. said Monday that it agreed to buy Yodlee Inc. for $18.88 a share or about $590 million. Redwood City, California-based Yodlee provides financial software. Warburg Pincus, which owns 27 percent, has voted to support the deal. Sandler O’Neill + Partners L.P is serving as financial advisor to Envestnet while Goldman Sachs advised Yodlee.


Isqft and CMD Group merge

Isqft and CMD Group have merged. CMD provides construction information in North America, while Isqft supplies cloud-based software tools, data and analytics to the commercial construction industry. Isqft, of Cincinnati, is backed by Genstar Capital. Norcross, Georgia-based CMD, formerly Reed Construction Data and Construction Market Data, is owned by Warburg Pincus and Reed Business Information Services.


Warburg Pincus acquires Universal Services of America

Warburg Pincus said Tuesday that it closed its majority investment in Universal Services of America. Financial terms weren’t announced. Partners Group was the seller. Santa Ana, California-based Universal Services provides security services. Baird advised Partners Group.


Interactive Data files to go public

Interactive Data Holdings Corp. has filed confidentially with the SEC for a possible IPO. New York-based Interactive Data did not disclose the number of shares it would offer or their price range; that will likeoy come in future filings. Interactive Data, a financial data provider, is owned by Silver Lake Group LLC and Warburg Pincus LLC. The company said it plans to use proceeds from the proposed IPO to reduce debt and for other general corporate purposes.


Endurance Energy to buy StonePoint Energy

Endurance Energy Ltd., a portfolio company of Warburg Pincus, has agreed to buy StonePoint Energy Inc. C$0.078125 per share. Calgary, Canada-based StonePont is a junior oil and gas company.


Warburg-led group invests $100 mln in Vincom Retail

A Warburg Pincus-led consortium has invested another $100 million in Vincom Retail, a subsidiary of Vingroup Joint Stock Co. The Warburg-led group has invested a total of $300 million in Vincom Retail, including $200 million in May 2013. Vincom Retail is a shopping mall operator in Vietnma with 20 malls in operation or under development.

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