Milana Vinn

Large private equity firms got more aggressive as deal activity heated up in the second quarter. Some firms are going the extra mile to win deals, whether it’s by getting in front of the buyer early, preempting a bidding process or by offering full-equity bids to demonstrate commitment, bankers and GPs told Buyouts. So even […]

Firm’s debut fund closed on $710 mln Brightstar’s Fund I is about 75 pct deployed Eaton Partners hired as a placement agent Middle-market investor Brightstar Capital Partners is preparing to raise its sophomore fund, sources familiar with the fundraising told Buyouts. The New York firm hired Eaton Partners as a placement agent, the people said. […]

Partners Group acquired a minority stake in Idera, a business-to-business software company backed by TA Associates, HGGC and the company’s management. The PE firm joins current investors with a 25 percent stake in Idera, which is valued is north of $2 billion, a source said.

The sale of Omnitracs, which is backed by Vista Equity Partners, has hit the second round, sources familiar with the process told Buyouts. A handful of private equity firms, including Goldman Sachs, are bidding for the company, the people said. Strategics are also in the mix, sources said. No longer involved are Carlyle Group, KKR and […]

Vector Capital is selling Corel Corp again and this time the buyer is KKR, according to a source. Corel is expected to fetch more than US$1 billion ($1.3 billion), the person said. Corel is the Ottawa provider of graphics and office productivity packaged software, known for consumer-focused products like CorelDraw, WordPerfect, WinZip, PaintShop Pro and WinDVD. Vector, the San Francisco technology-focused private equity firm, first invested in 2003. The company went public three years later, raising US$104 million in 2006. But Corel’s stock under-performed, and in 2010 Vector took the company private again.

Clearlake Capital’s sale of Ivanti has hit the first round, three sources told Buyouts. Bids for Ivanti are due today, sources said. A handful of PE firms are vying for Ivanti, people said. These include Thoma Bravo, Golden Gate Capital, Veritas Capital and TA Associates, which have submitted proposals, sources said. A few sovereign-wealth funds are also […]

GTCR is exploring options, including a sale, for Park Place Technologies after a four-year hold, three sources familiar with the process told Buyouts. UBS is advising GTCR on the transaction, the sources said. One possible scenario calls for the Chicago private equity firm to sell a 30 to 50 percent chunk of the company, two of the sources said. The company generated […]

Private equity firms will likely continue harvesting deals from the public markets as take-private activity continues to increase, according to a recent PwC Deals Insights report. Take-private transactions grew just shy of 50 percent in Q1, while the value of the deals more than doubled, to $23.1 billion from $11.1 billion, from Q1 2018, PitchBook […]

Clearlake Capital is shopping Ivanti, which could draw about $2 billion in a sale, sources familiar with the deal told Buyouts. UBS and Evercore are advising Clearlake on the transaction, the sources said. In January 2017, the Santa Monica, California, private equity firm acquired Landesk from Thoma Bravo and combined it with its portfolio company HEAT […]

Building networks, mentorships important in building inclusive culture Vista has 45 pct female representation Don’t be afraid to take risks, says panelist A week after having her first child Sejal Pietrzak accepted a job at a start-up in another city. For that role, she had to quit her banking job at Wells Fargo and move […]