AssuredPartners, which is backed by GTCR, has acquired Insurance Systems Inc. and Insurance Systems of West Virginia. Financial terms weren’t announced. PRESS RELEASE AssuredPartners, Inc., has acquired substantially all of the assets of Insurance Systems, Inc. and Insurance Systems of West Virginia, Inc., based in Ona, West Virginia. Insurance Systems, Inc. is a full service […]
The $237 billion California Public Employees’ Retirement System has reaped a 2.9x gain from its 4.2 percent stake in The Carlyle Group upon the firm’s initial public offering on Thursday, according to an exclusive analysis by Buyouts, peHUB's sister magazine, based on a California Public Records Act request.
Francisco Partners is acquiring Kewill Plc in a take-private deal valuing the British software company at 89.5 million pounds ($145.17 million), Reuters reported this week. Kewill shareholders would get 96 pence per share, a 26% premium to the stock’s close on Tuesday. (Reuters) – Kewill Plc said it had agreed to be taken private by […]
IBM said it had agreed to buy privately held Tealeaf Technology, a maker of software that helps companies analyze and react faster to customer behavior. The companies did not disclose financial details for the deal, which is expected to close in the second quarter of this year. Tealeaf, which was founded in 1999 and is […]
Boulder, Colo.-based private equity shop Grey Mountain Partners, via its affiliate Infrastructures Investors LLC, has acquired Ajubeo, a Boulder, Colo.-based provider of cloud infrastructure-as-a-service technology. Terms of the acquisition were not released. PRESS RELEASE Grey Mountain Partners (“Grey Mountain”) through its affiliate, Infrastructures Investors LLC, today announced the acquisition of Ajubeo LLC (“Ajubeo”). Headquartered in […]
Nautic Partners announced it has invested $66 million in the online ad network LifeStreet Media. The fast-growing LifeStreet Media provides in global in-app advertising for Facebook, Apple (iOS) and Android developers. PRESS RELEASE LIFESTREET MEDIA ANNOUNCES $66 MILLION INVESTMENT FROM NAUTIC PARTNERS Revenue Maximization Technology Ignites In-App Advertising Leader Amid Explosive Growth of Social and Mobile Apps SAN […]
(Reuters) – China’s state-owned Bright Food Group has agreed to buy a 60% stake in British cereal firm Weetabix Food Co. from private equity firm Lion Capital, which, if completed, would be its second successful overseas acquisition in less than a year. The deal, which gives Weetabix an enterprise value of 1.2 billion pounds ($1.94 […]
KSL Capital Partners has completed the acquisition of the historic Grove Park Inn Resort & Spa. The 512-room Grove Park Inn sits between the majestic Blue Ridge and Great Smoky Mountains in Asheville, North Carolina. PRESS RELEASE KSL Capital Partners, LLC announced today that it has completed the previously announced acquisition of the historic Grove […]
European sector-focused private equity investor HgCapital has acquired Qundis Group, a German provider of submetering devices and systems for consumption-dependent billing of heat and water. HgCapital will acquire the company from financial investor Capcellence and Qundis management team, pending approval by the antitrust authorities. PRESS RELEASE HgCapital, the European sector-focused private equity investor, has today […]
NXT Capital has provided a $52.8 million senior secured facility to finance PNC RiverArch Capital’s acquisition of New Carbon Company. South Bend, Indiana-based New Carbon Company is a provider of waffle mix to restaurants, hotels, resorts and colleges and universities, serving over 40,000 customer locations across the U.S. PRESS RELEASE NXT Capital today announced that […]