Jul132023
Businesswire
H.I.G. Capital Completes Sale of Riveron
MIAMI--(BUSINESS WIRE)--H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce the sale of its portfolio company Riveron (“Riveron” or the “Company”) to affiliates of Kohlberg & Company (“Kohlberg”). H.I.G. will continue its partnership with Riveron through a minority investment. Additional terms of the transaction were not disclosed.
Jul122023
Private Equity Wire
Audax raises $7.8bn for seventh flagship fund and Origins Fund I
Audax Private Equity (Audax) has closed two new funds – Audax Private Equity Fund VII (Fund VII) and Audax Private Equity Origins Fund I (Origins) – in excess of their respective fundraising targets with $5.25bn and $774m in commitments, respectively.
Jul102023
Businesswire
ATLANTA--(BUSINESS WIRE)--Resurgens Technology Partners, a software-focused private equity firm, today announced its platform investment in Detechtion, a leading provider of real time asset performance management solutions.
Jul102023
Businesswire
Francisco Partners Acquires Macrobond from Nordic Capital; Focuses on Growing its Global Presence
MALMÖ, Sweden & SAN FRANCISCO--(BUSINESS WIRE)--Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced its acquisition of Macrobond, a top innovator in the financial data and technology industry, from Nordic Capital, a leading European private equity investor. Macrobond’s Founder Tomas Liljeborg will continue as Chief Executive Officer and will remain a significant equity holder in the company.
Jul052023
Businesswire
P3 Services Finds New Anchor in the San Antonio Market With Latest Acquisition
HOCKLEY, Texas--(BUSINESS WIRE)--P3 Services (or “P3”), a provider of end-to-end plumbing services from installation to retrofit, maintenance, and repair services for the multi-family, light commercial, and single-family end-markets, is proud to announce the acquisition of Anchor Plumbing (“Anchor”) located in San Antonio, TX. P3 Services is a platform investment of Stellex Capital Management (“Stellex”). This marks the 2nd acquisition by P3 in 2023, and the 11th acquisition since the initial creation of the platform. The Anchor team will remain under the operational leadership of President, Paul Arguijo.
Jul052023
London, England — July 5, 2023 Renovata & Company and SEGALEN+ASSOCIES—two leading executive search, human resources services and private equity advisory firms—have joined forces to create a platform with operations in Europe, the UK and the US. The Renovata & Company and SEGALEN+ASSOCIES teams have worked together for more than 20 years and share a common approach to business as their clients' trusted advisors. Over the past three years, the firms have performed more than 300 searches across Europe and the US—promoting diversity with nearly 30% women placed on boards and executive teams.
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.