Milana Vinn
KKR & Co pulled the process for Epicor Software after bids came in below expectations, sources familiar with the process told Buyouts. KKR, advised by Barclays, was expected to fetch between $4 billion and $5 billion for Epicor, Buyouts reported in August. The process, which kicked off in the summer, attracted the interest of both […]
Accel-KKR is looking to sell Energy Services Group (ESG), three sources familiar with the process told Buyouts. The process will kick off in 2020, one of the sources said. ESG, based out of Norwell, Massachusetts, is a software-as-a-service provider of business process solutions in the retail energy industry. The company providers SaaS tools for transaction management, […]
As the environment turns more uncertain, some private equity firms are targeting companies that they consider resistant to downturns because of the product or service they provide. Huron Capital, based in Detroit, Michigan, is pursuing such a strategy. The firm is looking for more add-on acquisitions in facility services to build up its three existing […]
Warburg Pincus put software analytics company Accelya on the block, people familiar with the company told Buyouts. Marketing materials for the company have been sent out and the deal could value the company up to $1.5 billion, the people said. Evercore is advising the company on its sale, they said. In August, Bank of America […]
Warburg Pincus is looking for a buyer for RS Energy Group, a provider of analytics and data-driven energy intelligence, people familiar with the process told Buyouts. The sale process is in the early stages, and it’s unclear when first-round bids are due, the people said. Credit Suisse is advising the company on the sale, they […]
Waud Capital Partners committed $150 million to build an HR software company around Philippe Ozanian, former CEO of Infovista, the firm told Buyouts. Ozanian will help identify an HR technology company to acquire and will later lead this company as a CEO and board member. “We already have identified hundreds of targets and we will […]
Vector Capital is looking for a buyer for Saba Software, a talent management software company, which the firm took private four years ago, three people familiar with the process told Buyouts. The process is in the early stages and the firm has yet to select a banker, the people said. Vector is planning to appoint […]
Providence Equity’s sale of infrastructure services provider EdgeConneX is in second round, two sources familiar with the process told Buyouts. Bids were due a few weeks ago, one source said. Evercore is advising the company on its sale, the people said. The process, which kicked off nearly five months ago, has taken time because of […]
As highlighted by its acquisition of Burning Glass Technologies, KKR’s global impact team sees opportunities in companies tackling workforce development and educational innovation, Robert Antablin, co-head of KKR Global Impact, told Buyouts. KKR’s impact-focused arm is focused on businesses that help individuals better prepare for the workforce at a time when employees increasingly require different skills […]
Vista Equity Partners is taking Ping Identity public in a deal that could see the buyout firm doubling its money. Ping, an online ID management company, is seeking to raise $187.5 million with its IPO, according to a Sept. 9 regulatory filing. The company is selling 12.5 million shares at $14 to $16 each. Underwriters […]