I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
TA Associates is investing in Aptean. Vista Equity Partners, the seller, is reinvesting. Financial terms weren’t announced. Aptean provides enterprise software. The Wall Street Journal pegged the deal at just under $1 billion.
4 min read · 27 February 2019
Floor & Decor Holdings Inc said Feb. 26 that Ares Management LP and Freeman Spogli Management Co LP plan to sell 10 million shares of company stock in a secondary offering. The selling stockholders also plan to offer 1.5 million additional Floor & Décor shares to the underwriters. JP Morgan Chase and Goldman Sachs are underwriters of the offering. Floor & Decor, a retailer of hard surface flooring and related accessories, went public in April 2017.
4 min read · 26 February 2019
Heidelpay Group, which is backed AnaCap Financial Partners, has acquired Alpha-Cash Payment GmbH. Financial terms weren’t announced. Alpha-Cash is a debit and credit card terminal specialist.
2 min read · 26 February 2019
Sam Levy has joined Equiteq as an M&A director, his LinkedIn profile said. He was previously a principal at Marlin & Associates. Levy focuses on business-to-business technology and services companies in the security, business intelligence and fintech verticals.
1 min read · 26 February 2019
Apax Partners said Feb. 26 that it agreed to sell its stake in Exact Software to KKR. Financial terms weren’t announced. Exact Software, of Delft, the Netherlands, provides business and accounting software in the Benelux region.
4 min read · 26 February 2019
KKR said Feb. 26 that it has formed Falcon Vision, a new platform that will source, evaluate, and provide operational and financial capabilities to emerging ophthalmic medical device and biopharmaceutical companies. Falcon Vision will collaborate with Flying L Partners to manage the portfolio under the leadership of Dr. Bill Link.
3 min read · 26 February 2019
Monroe Capital LLC said Feb. 26 that it increased its loan to Qognify, a Battery Ventures’ portfolio company, to support its buy of On-Net Surveillance Systems Inc and the OnSSI company, SeeTec GmbH.
2 min read · 26 February 2019
Strattam Capital said Feb. 26 that it second fund closed on $230 million. Fund II plans to make seven to nine majority equity investments each ranging from $20 million to $50 million in companies across the enterprise software, digital infrastructure and technology-enabled services sectors.
3 min read · 26 February 2019
YieldStreet said Feb. 26 that it raised $62 million in a Series B financing round led by Edison Partners. Greenspring Associates, Raine Ventures and a large multi-billion dollar NY family office also participated. YieldStreet, of New York, provides a digital wealth platform.
3 min read · 26 February 2019
Insight Venture Partners said Feb. 26 that it acquired a majority of Genesis Partners IV portfolio. Financial terms weren’t announced. Genesis Partners' portfolio includes several companies that are also in Insight's existing portfolio, including monday.com, Sisense, and JoyTunes.
3 min read · 26 February 2019
