Jun152023
Private Equity Wire
TA completes oversubscribed $16.5bn fundraise for 15th PE fund
Global private equity fund TA Associates has completed fundraising for its latest flagship fund, TA XV, which launched in late November of last year, with total limited partner commitments at its hard cap of $16.5 billion.
Jun152023
Forbes
Weighing Human Capital Strategy Far Earlier In PE Deal Flow
Private equity (PE) investors generally seek acquisitions that will yield a high return in a tight four- to five-year time horizon. Most PE firms evaluate potential acquisition targets across a wide range of criteria including earnings before interest, taxes, depreciation and appreciation (EBITDA) as the primary indicator for potential.
Jun132023
Businesswire
GrowthCurve Capital Closes Inaugural Fund and Raises $1.4 Billion of Capital Commitments
NEW YORK--(BUSINESS WIRE)--GrowthCurve Capital (“GrowthCurve”), a private equity firm with a distinctive approach to building businesses and accelerating growth through AI, digital transformation, and human capital, announced the successful final close of its inaugural private equity fund, GrowthCurve Capital Partners I (the “Fund”), with total capital commitments of $1.4 billion for the Fund and related co-investment vehicles. The Fund’s investor base includes a diverse range of leading institutional investors, including pension funds, insurance companies, family offices, and other strategic partners.
Jun122023
Businesswire
Nitro Software Welcomes Cormac Whelan as New CEO
SAN FRANCISCO--(BUSINESS WIRE)--Nitro Software, a global leader in SaaS PDF, eSign and business document solutions, announced today the appointment of Cormac Whelan as its new Chief Executive Officer. Whelan succeeds Sam Chandler, the company’s long-tenured, successful CEO following Nitro’s recent acquisition by private equity firm, Potentia Capital.
Jun072023
NetChex
GrowthCurve Capital Acquires Netchex to Further Accelerate Growth
Netchex to leverage GrowthCurve’s expertise in data analytics and AI to accelerate growth
Covington, LA and New York, NY – June 7, 2023 – Netchex (“Netchex” or the “Company”), a leading provider of cloud-based human capital management and payroll software, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business from affiliates of Primus Capital (“Primus”). Terms of the transaction were not disclosed.
Jun052023
Businesswire
BURLINGTON, Mass. & NEW YORK--(BUSINESS WIRE)--CIRCOR International, Inc. (“CIRCOR” or the “Company”) (NYSE: CIR), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, today announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR, a leading global investment firm, in an all cash transaction valued at approximately $1.6 billion, including the assumption of debt.
May312023
FinExtra
Xapo Private Bank integrates Tether payment rails
Xapo Private Bank, the fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to integrate Tether (USDT) payment rails.
May262023
NASDAQ
Francisco Partners, TPG end talks to buy New Relic -sources
NEW YORK, May 26 (Reuters) - Private equity firms Francisco Partners and TPG Inc TPG.O have ended talks to acquire New Relic Inc NEWR.N after they failed to secure enough debt financing and could not meet the business software company's valuation expectations, people familiar with the matter said.
May262023
Nordic Capital
Nordic Capital appoints Mohit Agnihotri as new Partner
Significant addition to Nordic Capital Advisors’ leading Technology & Payments team
Nordic Capital Advisors has today announced the appointment of Mohit Agnihotri as a Partner. Mohit has over two decades of investment banking, investing and consulting experience in Financial Technology, Payments and broader Software & Technology sectors. He will now become a key member of Nordic Capital Advisors’ leading Technology & Payments team and will be based in London.
May192023
Restaurant365
Restaurant365 Announces $135M Funding Round Co-Led by KKR and L Catterton
Restaurant365, an industry leading all-in-one restaurant enterprise management software, today announced it has agreed to a $135M funding round co-led by global investment firms KKR and L Catterton with participation from current investors, including ICONIQ Growth and Bessemer Venture Partners.