Bain Capital Ventures' portfolio company, ABILITY® Network has entered into an agreement to merge with Stamford, CT-based IVANS, a provider of secure insurance data communication services. Ability has also entered into an agreement to sell the property and casualty business of IVANS to Applied Systems, a provider of insurance software. ABILITY and Applied Systems are portfolio companies of Bain Capital Ventures and Bain Capital, respectively.
4 min read · 11 March 2013
PAI Partners has acquired ADB Solutions from Montagu Private Equity. Terms of the transaction, which is subject to regulatory clearances, were not disclosed.
3 min read · 11 March 2013
Equistone Partners Europe Limited has acquired a majority stake in Bretèche Industrie Group. Céréa Capital has co-invested alongside Equistone and members of the management team. The previous owners Azulis Capital (which has held the majority of the group’s equity since 2006), Unigrains, and the Group’s founder, Daniel Bréfort, have sold their interests in the group.
5 min read · 11 March 2013
ICG Group has completed the sale of Channel Intelligence to Google for $125 million in cash. ArchPoint Partners acted as sole financial advisor to ICG.
3 min read · 11 March 2013
HgCapital has sold Computer Software Holdings Limited to Advanced Computer Software for an enterprise value of 110 million pounds ($164.1 million). HgCapital acquired CSH as part of its purchase of Iris Software Group in 2011. CSH is a provider of software to the UK legal and not-for-profit markets.
3 min read · 11 March 2013
A consortium led by 3i Group has agreed to acquire Óticas Carol, a Brazilian eyewear retailer from Brazilian entrepreneur Marcos Amaro. As part of the transaction, OC CEO Ronaldo Pereira will significantly increase his equity stake in the company. Institutional investors Neuberger Berman and Siguler Guff are co-investing alongside 3i in the transaction, which is expected to close by the end of March. The combined equity investment amounts to R$108 million (£36.4 million).
2 min read · 11 March 2013
Partners Group has announced two planned additions to the board of directors of Partners Group Holding AG combined with changes in its chief executive office and executive board. The suggested changes remain subject to clearance by the regulatory authorities.
5 min read · 11 March 2013
Get up to date with what's happened over the weekend with this morning's First Read and discover what the biotech picks for 2013 are; those must-read stock stories from the weekend and a new venture capital fund set up for female entrepreneurs.
1 min read · 11 March 2013
Tony Hayward has been appointed chairman of CompactGTL, a provider of integrated modular, gas-to-liquids (GTL) plants for the oil & gas industry. GTL technology can help to ease the path towards the development of 800 fields with 73bn barrels of potential oil reserves.
2 min read · 07 March 2013
Ziggo is to appoint René Obermann as its new CEO starting January 1, 2014. Obermann is currently CEO of Deutsche Telekom AG.
2 min read · 07 March 2013
