Milana Vinn

TCV XI has raised $4 billion, a record for the firm during its 25-year history that makes it one of the largest growth equity and VC funds to date.

As part of the deal, TA and HGGC will roll equity to retain minority stakes in the business.

Evercore has been engaged to provide financial advice on an upcoming sale process, which is expected to kick off in the next few weeks, sources told PE Hub.

GTCR’s acquisition values the company at more than $100m, providing an exit for existing shareholder Carousel Company, sources familiar with the deal’s financials told PE Hub. 

BCDI backs TeachTown, whose social-emotional software is tailored to students with special education needs, while TPG Growth leads an investment in Prodigy Education, an interactive math learning platform known for its popular educational video game.

Newfound opportunities for growth equity firms such as KKR Growth, Accel-KKR, General Atlantic, Permira and Spectrum Equity.

Insurance Technologies is the second add-on to the Zywave platform since Clearlake's investment.

The deal provides a partial exit for Bain Capital spinout Cove Hill, which first invested in Storable's predecessor in 2018.

Tailwind Capital is buying the provider of supply chain management software for the foodservice industry.

Hg, a majority stakeholder, and TA, a minority backer, have plans to put Mitratech on the block either in the first or second quarter, the people said.