Sirius Computer Solutions, a Thoma Bravo portfolio company, has agreed to buy MSI Systems Integrators. Financial terms weren't announced. Omaha-based MSI is an IT integration firm. Sirius, of San Antonio, Texas, is an IT services providers. Thoma Bravo is PE firm that invests in mid-market technology and services companies.
Advent International has invested $194 million in Five Below, an extreme value retailer owned by LLR Partners, according to an SEC filing that was uncovered by the sleuths at FormDs.com. In September, Advent announced its investment in Five Below without giving any details. It's not clear if LLR has sold any of its stake in Five Below and the company is still listed as an active investment on the LLR web site. LLR, along with Five Below founders David Schlessinger and Tom Vellios, and company management, continue to own a "significant stake" in Five Below, according to Advent's statement in September.
New York-based private equity firm Court Square Capital Partners will acquire direct mail advertising company MailSouth for an undisclosed amount. Helena, Ala.-based MailSouth provides direct mail services in rural and suburban markets. The company was previously backed by New York-based New Mountain Capital.
Private equity shops Oak Hill Capital Management and Lovell Minnick Partners have invested the bulk of a $103 million recap for United Western Bancorp. The two firms each put $47 million into the Denver-based company, and will each own a 23% stake. An additional $9 million came from entities controlled by Henry Duques, former CEO of First Data, who will hold a 5% stake. United Western Bankcorp aims to raise a total of $200 million.
AXA Private Equity is investing 150 million euros (US$208.9 million) in KOS, a provider of health services for the elderly. AXA Private Equity is buying the stakes held by Morgan Stanley and Wise Equity. AXA's stake will initially be 41% and will rise to 47% over the next three years, according to the statement. KOS is a unit of Italy's CIR Group. AXA Private Equity is a unit of AXA Investment Managers.
T&D Solutions, which is backed by Huntsman Gay Global Capital, has acquired E&R Inc., a Kinston, N.C. provider of power line maintenance company in North Caroline. Financial terms were not disclosed. E&R's management team will remain in place and retain a significant stake. T&D Solutions, of Alexandria, La., provides construction and maintenance services for electric transmission and distribution lines throughout the Gulf States. Huntsman Gay Global is a PE firm.
Huntsman Gay Global Capital has invested in Associated Diversified Services. Terms of the deal weren't disclosed. Associated Diversified, of Hartselle, Ala., is a powerline construction and maintenance company. Huntsman Gay Global is a middle market PE firm.
Blackstone’s third quarter earnings are out and the private equity firm is reporting a 23% rise in profit. Economic net income was $339 million, up from $275 million in 2009, Blackstone said in a statement.
The Carlyle Group will acquire Syniverse Technologies, a provider of mobile roaming and messaging products, in a $2.6 billion deal that takes the company private. Carlyle will pay $31 per share, in cash, for all outstanding common shares of Syniverse – a 35% premium over the average closing price during the 30 days ended October 26.
Angelo, Gordon & Co. has acquired Oak Street Funding, an insurance lender based in Indianapolis. Financial terms were not released. New York-based Angelo, Gordon has about $23 billion under management, and manages private equity funds in addition to other investment vehicles.