Private Equity
Beefed-up Madison Dearborn team seeks $4.5 bln Fund VIII; Court Square senior exec leaves amid fundraising
2 min read · 10 October 2019
RigUp said Oct. 10 that it raised a $300 million Series D round led by Andreessen Horowitz (a16z) with participation from existing investors, including Founders Fund, Bedrock Capital, and Quantum Energy Partners. New investors include Baillie Gifford and Brookfield Growth Partners. RigUp, of Austin, provides a marketplace for on-demand services and skilled labor.
1 min read · 10 October 2019
OneCall Corp is negotiating with its lenders to rework $2 billion in debt that could give lenders an ownership stake, Bloomberg reported. Proposals include swapping debt for equity, giving creditors control of One Call through a deal that could be executed in bankruptcy court, the story said. OneCall’s creditors include KKR and GSO, Bloomberg said. OneCall is backed by Apax Partners.
1 min read · 10 October 2019
Scout24’s sale of AutoScout24 has attracted private equity firms and Auto1, Reuters reported. Permira, Apax, Carlyle and Hellman & Friedman are among those expected to hand in first-round bids of between 2 billion and 2.3 billion euros ($2.2 billion-$2.5 billion), the story said. AutoScout24 is Germany’s No.2 used-car classifieds platform.
1 min read · 10 October 2019
Antara Capital Master Fund LP is provided $50 million in financing to USA Technologies Inc. The deal includes $20 million in equity financing and $30 million senior secured debt. USA Technologies is a cashless payments and software services company for the self-service retail market.
4 min read · 10 October 2019
Broadridge Financial Solutions Inc said Oct. 10 that it agreed to buy Fi360 Inc. Financial terms weren’t announced. Fi360 provides fiduciary-focused software, data and analytics for financial advisors and intermediaries across the retirement and wealth ecosystem. Bluff Point Associates acquired Fi360 in 2012, PitchBook said.
4 min read · 10 October 2019
Virtus said Oct. 10 that Mike Kesner, John Eichmann, Eric Banduch, Joey Eichmann, and Angela Aiello have joined the company. Virtus did not disclose where the Chicago team worked at before, but said the group founded and led a large private equity insurance practice. Virtus is a portfolio company of Agman.
2 min read · 10 October 2019
AURELIUS Equity Opportunities SE & Co. KGaA said Oct. 10 that it agreed to sell Scandinavian Cosmetics Group to Accent Equity. Financial terms weren’t announced. Scandinavian Cosmetics is a Nordic distributor of cosmetics.
3 min read · 10 October 2019
To start your morning, a study finds that FEMA buyouts for properties facing flooding typically go to wealthier communities, Apple cuts an app that enabled Hong Kong protesters to track police and the Feds seized $2.2 million worth of counterfeit Nike shoes.
1 min read · 10 October 2019
Emplify said Oct. 10 that it raised a $15 million funding round led by Edison Partners. Prior investors, including Allos Ventures, Cultivation Capital, Mark Hill, Bob Davoli from Gutbrain Ventures and 4G Ventures managing director Bill Godfrey, participated in the round. Emplify, an employee engagement company, said it hired George Tate as SVP of Sales.
4 min read · 10 October 2019
