Private Equity
2 min read · 02 January 2019
Atlas Venture said Jan. 2 that its first opportunity fund closed on $250 million. Atlas, of Cambridge, Massachusetts, is a biotech venture capital firm. Atlas Venture Opportunity Fund I will invest in existing Atlas portfolio companies.
2 min read · 02 January 2019
Ares Management Corp said Jan. 2 that its inaugural, commingled U.S. senior direct lending fund closed on $3 billion of total commitments. The target for Ares Senior Direct Lending Fund was $2 billion. Including anticipated leverage, the total capital for the pool is expected to be approximately $5 billion. Ares Senior Direct Lending Fund will provide senior secured loans to companies in a private, commingled fund format.
4 min read · 02 January 2019
Thoma Bravo LLC said Jan. 1 that it completed its buy of Veracode Software from Broadcom Inc. The deal, announced in November, was valued at $950 million. Veracode is a software security firm.
3 min read · 02 January 2019
Carlyle Group said Dec. 31 that it closed its buy of a majority of Sedgwick. KKR and other shareholders were the sellers. The $6.7 billion deal was announced in September. Sedgwick, of Memphis, is an insurance claims service provider.
3 min read · 02 January 2019
Homewood Holdings LLC, a portfolio company of Building Industry Partners LLC, has acquired the assets of Eagle Creek Siding LLC and Mud Bay Manufacturing LLC. Financial terms weren’t announced. Jon Hunter and Scott Kramer, the owners, were the sellers. Eagle Creek Siding, of Olympia, Washington, installs exterior siding for both single-family and multi-family residential projects. Mud Bay makes wood building products, siding accessories, architectural and structural supports, and exterior details for contractors and homebuilders.
5 min read · 02 January 2019
AT&T said Jan. 1 that it closed the sale of its data center colocation operations and assets to Brookfield Infrastructure and its institutional partners. The $1.1 billion deal was announced in June.
2 min read · 02 January 2019
Windstream said Dec. 31 that it sold its EarthLink consumer internet business to Trive Capital for $330 million. EarthLink consumer internet business offers internet access, online back-up, managed web design, web hosting and various email services to more than 600,000 customers throughout the United States.
3 min read · 02 January 2019
Apposite Capital said Jan. 2 that it invested in Riverdale Healthcare. Financial terms weren’t announced. Riverdale Healthcare is a dentistry investment group in the U.K. Part of the investment will be used to fund Riverdale’s investment in Alpha Vitality Group, of North East England, a ten practice dental group.
3 min read · 02 January 2019
Phoenix Tower International, which is backed by Blackstone Group and John Hancock, said Dec. 28 that it acquired Syscom Telecom LLC. Financial terms weren’t announced. Syscom Telecom manages and markets more than 80,000 sites for small cell and macro cell deployments in the U.S.
2 min read · 31 December 2018
