Milana Vinn
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 […]
Insight Venture Partners has doubled down on tech investments with an unusual transaction: The PE firm bought an aging VC fund in Israel. Insight bought Genesis Partners’ fourth fund, which invests in software startups in Israel. The secondary transaction, announced Feb. 26, was unusual since Insight traditionally invests in established tech companies through its own […]
Insight Venture Partners has doubled down on tech investments with an unusual transaction: The PE firm bought an aging VC fund in Israel. Insight bought Genesis Partners’ fourth fund, which invests in software startups in Israel. The secondary transaction, announced Feb. 26, was unusual since Insight traditionally invests in established tech companies through its own […]
NeptuneFinancial, a fintech lending platform for middle-market businesses, partnered with HSBC to expand its lending universe. The partnership will enable NepFin to access international debt markets and offer additional financial products to current clients, CEO Albert Periu told Buyouts. NepFin’s clients will also get their loans quicker. A typical loan for a sponsor-backed company takes […]
Butterfly Equity, a private equity firm formed by ex-KKR and Vista Equity executives, is combining two of its portfolio companies into one platform as it works to grow and enhance the technology behind the healthy eating restaurants. The Los Angeles-based PE shop that invests in the food sector merged Lemonade Restaurant Group with Modern Market […]
Accel-KKR is backing a new software business striving to make hotel direct booking more personalized. The private equity firm is financing a merger of Pegasus and Travel Tripper, both hospitality-technology providers. Accel-KKR is betting on creation of a “disruptive new market leader,” David Cusimano, a principal at the firm, said in a news release. The […]
Periscope Equity closed its third platform deal out of its debut fund, which will continue to target lower-middle-market technology-enabled companies. The Chicago private equity firm, formed in 2013 by a Bridge Investors veteran, made a growth investment for an undisclosed stake in Power Digital Marketing. Power Digital helps brands launch and scale digital revenue. The bidding process was competitive […]
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 $225 million target. How do you differentiate as a firm in a market like software? We do that through focus and specialization within […]
Jeff Sheu, on tech team, promoted to managing director Angela Zhang, tech team member, to principal Patrick Lawler, on real estate acquisitions, to principal GI Partners this month promoted Jeff Sheu, Angela Zhang, both dealmakers on the technology side, and Patrick Lawler, on real estate, according to the firm’s website. Sheu, Zhang, and Lawler confirmed their new […]
Firm sees record activity in tech M&A despite valuations AI, fintech, cybersecurity, face more regulatory uncertainty Growth equity needs adaptability from new sponsors Scott Joachim is a lawyer at Goodwin, where he leads technology deals and advises clients in New York and Silicon Valley. He joined Goodwin in April 2018 after he founded and chaired […]