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.
Amadeus Capital Partners said Oct. 23 that Nick Kingsbury and Volker Hirsch have joined the firm. Kingsbury’s focus will be on cyber security, AI and B2B software businesses while Hirsch’s expertise includes artificial intelligence & machine learning as well as human-machine interfaces.
2 min read · 23 October 2018
Several former executives of Lyceum Capital have launched Horizon Capital, a London PE firm that closed on a 200 million-pound fund last week. Investors of the fund include Pantheon, Idinvest Partners, Lombard Odier, HQ Capital and eQ Asset Management. The execs launching Horizon Capital include Jeremy Hand, Simon Hitchcock, Luke Kingston, Adam Lewis and Martin Squier. Rede Partners acted as placement agent, while Macfarlanes was legal adviser.
2 min read · 23 October 2018
Jackie Grant, PhD, is joining Abingworth as a principal. Grant was previously with SV Health Investors where she was a senior associate.
3 min read · 23 October 2018
Clearlake Capital Group LP said Oct. 23 that it agree to buy symplr from Pamlico Capital and The CapStreet Group. Financial terms weren’t announced. Symplr is a healthcare GRC SaaS platform that provides management, credential management and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. TripleTree and Harris Williams provided financial advice to Clearlake, while William Blair & Co served as financial adviser to symplr, Pamlico and CapStreet.
3 min read · 23 October 2018
3 min read · 22 October 2018
NCR Corp said Oct. 22 that it agreed to buy JetPay for $184 million. JetPay’s board has approved the sale. JetPay, of Allentown, Pennsylvania, provides payments services for businesses including card acceptance, processing, payroll, payroll tax filing, human capital management services, and other financial transactions. Two JetPay stockholders, Flexpoint Ford and Larry Stone, have agreed to tender their shares with the sale. Financial Technology Partners LP and FTP Securities LLC acted as the financial and strategic adviser to the special committee of JetPay’s board, while Dechert LLP was legal adviser. BofA Merrill Lynch acted as the financial and strategic adviser to NCR’s board.
6 min read · 22 October 2018
Potomac Equity Partners LLC said Oct. 22 that it sold Orion Systems Integrators LLC to One Equity Partners. Orion Systems, of Edison, New Jersey, provides IT services to Fortune 1,000 and other enterprise clients. Potomac said it make 7.5x its invested capital with the sale, which generated a 74 percent IRR for investors. William Blair advised Orion while Perkins Coie LLP served as legal counsel.
4 min read · 22 October 2018
Majority shareholders of Woolrich International LTD have sold their stake in the company to L-GAM, Liechtenstein’s royal family investment fund. Financial terms weren’t announced. Goldwin Inc, of Japan, has increased its stake. Woolrich, of Woolrich, Pennsylvania, is a clothing company. Gattai, Minoli, Agostinelli & Partners advised the majority shareholders.
2 min read · 22 October 2018
HEPACO LLC, a portfolio company of Gryphon Investors, has acquired Trans Environmental. Financial terms weren’t announced. Trans Environmental, of Loves Park, Illinois, provider of environmental remediation, industrial cleaning, and emergency response services.
3 min read · 22 October 2018
Centerfield Capital Partners said Oct. 22 that it is supporting the acquisition of Pure Wafer by Edgewater Capital Partners. It is providing subordinated debt and an equity co-investment. Pure Wafer, of San Jose, provides silicon wafer reclaim services and also supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts and services.
1 min read · 22 October 2018
