Private Equity
Zedra Group, backed by Corsair Capital, said Nov. 4 that it acquired LJ Fiduciary. Alvarium is the seller. LJ Fiduciary provides private client, fund and corporate administration services.
2 min read · 04 November 2019
Saudi Aramco said Nov. 3 that it plans to go public on the main market of the Tadawul. Saudi Aramco, considered the world’s most profitable company, is expected to price its IPO in December and begin trading on Dec. 11, the Financial Times reported.
1 min read · 03 November 2019
2 min read · 01 November 2019
Become said Oct. 29 that it raised $10 million in a Series A round led by Benson Oak Ventures and Magenta Venture. RIO Ventures Holdings, iAngels, and Entrée Capital participated. Become also secured $2.5 million in venture debt from Viola Credit. Become, formerly known as Lending Express, is an online platform for SMBs to find funding solutions.
3 min read · 29 October 2019
Payroc LLC said Oct. 27 that it agreed to merge with Payscape, NXGEN International and BluePay Canada. Financial terms weren’t announced. Payroc, of Tinley Park, Illinois, is a merchant services and payment organization. Payscape, NXGEN and BluePay Canada are backed by Parthenon Capital. The new Payroc is a merchant acquirer, processor and payment facilitator that operates in 46 countries, processing $23 billion in annual charge volume for more than 55,000 merchants. Buyouts reported on Oct. 15 that Parthenon was investing in Payroc. Keefe, Bruyette & Woods (KBW), a Stifel company, provided financial advice to Payroc.
4 min read · 28 October 2019
Sole Source Capital said Oct. 25 that it acquired a majority of Worldwide Produce. Financial terms weren’t announced. Worldwide Produce distributes fresh produce, dairy and specialty foods in California and Nevada.
3 min read · 25 October 2019
Ascensus said Oct. 24 that it agreed to buy Goldleaf Partners. Financial terms weren’t announced. GoldLeaf, of Bloomington, Minnesota, is a third-party administrator (TPA) that provides retirement administration and fiduciary, employee benefits, payroll integration, consumer-directed health, and COBRA services to clients.
2 min read · 24 October 2019
Ascensus said Oct. 24 that it agreed to buy Goldleaf Partners. Financial terms weren’t announced. GoldLeaf, of Bloomington, Minnesota, is a third-party administrator (TPA) that provides retirement administration and fiduciary, employee benefits, payroll integration, consumer-directed health, and COBRA services to clients.
2 min read · 24 October 2019
New Capital Partners said Oct. 23 that it invested in SMR Worldwide. Financial terms weren’t announced. SMR, of Charlotte, North Carolina, provides ITAD and e-waste solutions.
2 min read · 24 October 2019
Halifax Group said Oct. 24 that it hired Doug Hill as a partner and member of the firm’s investment committee. Hill was previously a managing director and member of the executive committee of Nautic Partners.
2 min read · 24 October 2019
