Milana Vinn
Buildertrend’s strong momentum suggests that homebuilders and homeowners desire a 21st century software enabled construction experience, a Bain Tech Opps investor tells PE Hub.
The investment comes after Evisort saw its revenue grow by 4 times in 2020, pushing the company’s total funding to date to $55m.
Although it is likely to be too small to make a new PE platform, Applitools is expected to generate interest among PE firms seeking add-ons to DevOps and software portfolio companies, sources said.
London's Bridgepoint acquired software testing business Qualitest in October 2019 through its sixth flagship fund.
The Los-Angeles based investment firm has selected Jefferies to advise ServicePower on its sale process, which is expected to launch in the next few weeks, the people familiar said.
Centerbridge, a majority owner of the business, and Clearlake, a minority stakeholder, have appointed UBS to advise the company on its sale, sources said.
Evercore is advising the company on its sale process, which is currently in its early stages, the sources said.
William Blair is providing financial advice on the process, which is currently in early stages, people familiar with the process said.
Evercore is mandated to advise the company on its sale, which is expected to kick off in a few weeks, sources familiar with the matter said.
In the new role, Kevin Lawi will work with leading private equity sponsors and corporates to target opportunities across the capital structure.