Milana Vinn

The insurance space is undergoing transformation as traditional insurance carriers are disrupted by technology companies that can underwrite insurance.

Mubadala is investing $2 billion in Silver Lake and TA Associate's Orion and Genstar's Brinker Capital.

As part of the deal, TA has sold a piece of its Orion stake to Genstar, realizing over $1 billion in capital gains, a source told PE Hub.

It’s unclear how far along the process is, but, according to multiple sources, AxiomSL has attracted interest from private equity firms.

While the process only recently launched, the business unit has already commanded interest from numerous private equity groups, including those with US headquarters.

Microsoft on Monday announced its agreement to buy the video gaming provider for $7.5 billion.

Providence has been an investor in the company for 13 years, and this deal will be a full exit for the firm. 

Lightyear Capital, a New York-based private equity firm focused on financial services, has invested in ProfitSolv, provider of integrated billing, payments, and software solutions.

Private equity firms are expected to participate, having already expressed interest in the business.

Investment will support growth in current and new geographies, as well as the deployment of additional operational automation capabilities.