Transplace, which is backed by CI Capital, has merged with Celtic International. The deal closed today. Financial terms were not disclosed. However, the combined companies have revenue of more than $1 billion. Dallas-based Transplace is a third party logistics provider, while Celtic, of Tinley Park, Ill., provides provides intermodal and highway brokerage services.
Today, we have some fundraising news. Thoma Bravo is looking to raise $950 million with its latest fund, a source says. With that target, Thoma Bravo Fund X LP is bigger than the PE firm's prior fund which raised $822.5 million in 2009. Fund X has been out for about a month, the source says. It's unclear how marketing is going but Thoma Bravo has made several exits this year from fund IX. Thoma Bravo closed its sale of Flexera Software to the Ontario Teacher's Pension Plan this month. The PE firm sold Manatron to Thomson Reuters (publisher of peHUB) in July and agreed to sell Excelligence Learning to Sterling Investment Partners.
Oct 12 (Reuters) – Venture capital firm Benchmark Capital has selected Salesforce.com’s Craig Weissman as its new entrepreneur-in-residence, demonstrating a continuing interest in technology surrounding big data and the “cloud.” Weissman joined Benchmark last month, after nine years at Salesforce.com. That company is considered to be a pioneer in cloud-based software, meaning accessible from anywhere […]
Boston-based buyout shop Candescent Partners has acquired SoftBase Systems Inc., a provider of coding, testing and deployment tools for application development. Candescent led the transaction with co-investors Harbert Mezzanine Capital, Bush O'Donnell Capital Partners and Brooke Private Equity Associates. Terms of the deal were not released.
glendonTodd Capital, a private equity firm focused on investments in a broad range of industry sectors including financial services, business services, and technology has backed F&M Bancorporation, a bank holding company headquartered in Tulsa, Oklahoma with total assets of approximately $1.7 billion.
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European manufacturer of blowers and pumps, for a purchase price of approximately 152 million Euros ($207 million at current exchange rates). Robuschi is headquartered in Parma, Italy, and has annual revenues of approximately 70 million Euros ($95 million). Its shares are currently held by an investor group led by Milan, Italy based Aksia Group. Robert W. Baird acted as exclusive financial advisor to Robuschi S.p.A. in this transaction.
US private equity firm Bain Capital is close to finalising a $3.4 billion deal to buy restaurant chain Skylark from a unit of Nomura Holdings, according to Reuters reports. At $3.4 biliion, this would be the biggest funded buyout in Japan since 2008 crisis.
Insight Equity II LP, a Dallas, Texas-area headquartered private equity firm, has acquired a controlling interest in Versatile Processing Group. VPG is a leading industrial processor of non-ferrous and other metals servicing the manufacturing, electric utility, and metal recycling industries, including providing the industry’s most comprehensive repair, refurbishment, and decommissioning services for electrical utility equipment.
MidCap Financial LLC , a commercial finance company focused exclusively on middle market healthcare companies, has announced that Zions Bank has joined in the senior financing to SCI Solutions. MidCap Financial continues to act as sole bookrunner, sole lead arranger, and administrative agent in the senior secured credit facilities in support of SCI, a portfolio company of The Wicks Group of Companies and New Enterprise Associates.