Solera Holdings, an auto insurance software company, has completed the purchase of equity interests in a parent company of Service Repair Solutions from Welsh Carson Anderson & Stowe.
Sterling Partners has agreed to acquire Innotac Corporation, which provides integrated digital technology, fulfillment and contact center solutions to support global brands, for $8.20 per share in cash. Innotac's CEO Scott Dorfman, along with other members of the company's management, will continue their leadership and retain significant equity positions in the company.
CrowdSource, which provides managed crowdsourcing solutions, has agreed to acquire Servio, which focuses on crowdsourcing solutions for large online retailers. The acquisition is expected to strengthen CrowdSource's client portfolio, expand its workforce and augment its service offerings. CrowdSource, backed by Highland Capital Partners, will retain the Servio team.
The Carlyle Group has agreed to acquire a controlling stake in Edgewood Partners Insurance Center, a retail insurance broker. Edgewood was founded in 2007 by John Hahn and Dan Francis, in partnership with funds managed by Stone Point Capital.
We have a new tech-focused private equity firm on the scene, according to sister website peHub.
U.S. private equity firm Advent International will buy a minority stake in Colombia's Ocensa oil pipeline for US$1.1 billion from Canadian oil firm Talisman Energy Inc, France's Total SA and Madrid-based Cepsa, the Wall Street Journal reported citing people familiar with the matter. Under the agreement, Advent will get a 22 percent stake in one of the largest oil pipelines in Colombia by capacity, the Journal reported.
Apart from Advent, TransCanada Corp and Enbridge Inc were also interested in buying the minority stake in Ocensa.
GreenLine Systems Inc, a company focused on assisting governments with managing risks associated with maritime and cross-border movements of vessels, goods and people, has been purchased for an undisclosed amount by counter-terrorism specialist A-T Solutions Inc of Vienna, Virginia. Founded in 2002, GreenLine has offices in Washington, D.C., Ottawa, Ontario and the Netherlands. U.S. private equity firm CI Capital Partners acquired A-T Solutions in 2008.
Bilfinger Berger Global Infrastructure SICAV (BBGI) has closed its previously announced purchase of a 50% equity and loan note interest in Kelowna Vernon Hospitals in British Columbia, and a 100% equity and loan note interest in North East Stoney Trail in Alberta. The price paid for the two long-term PPP concession contracts was $41.3 million. BBGI is an infrastructure investment firm incorporated in Luxembourg, with portfolio assets in Europe, Australia and Canada.
U.S. private equity fund Advent International will buy a minority stake in Colombia's Ocensa oil pipeline for $1.1 billion from Canadian oil firm Talisman Energy Inc, France's Total SA and Madrid-based Cepsa, the Wall Street Journal reported citing people familiar with the matter.
Liberty Hall Capital Partners said Thursday that it has acquired Precise Machining & Manufacturing. No financial terms were disclosed. Bank of America Merrill Lynch provided the financing for the transaction. Based in Tulsa, Oklahoma, Precise is a supplier of highly engineered machined parts, kits and assemblies, and processing services to the global aerospace industry.