Luisa Beltran

Vonage to buy NewVoiceMedia for $350 mln

Vonage Holdings Corp said Sept. 20 that it agreed to buy NewVoiceMedia for $350 million. NewVoice is a cloud Contact Center-as-a-Service (CCaaS) provider. NewVoice is backed by investors including BGF Ventures, Bessemer Venture Partners (BVP), Eden Ventures, Highland Capital Partners Europe, Salesforce Ventures and Technology Crossover Ventures. Update: Phil Berkowitz, Jason Greenberg and Paul Zangrilli of Jefferies advised NewVoiceMedia. Samantha McGonigle and Kevin Sullivan of Weil, Gotshal & Manages provided legal advice.

Abacus Finance backs WestView's recap of AccountabilIT

Abacus Finance Group LLC said Sept. 20 that it provided a $20 million credit facility to support WestView Capital Partners’s recap of AccountabilIT. Abacus also invested in the company. AccountabilIT, of Scottsdale, Arizona, is an information technology services firm.

Eventbrite IPO raises $230 mln

Eventbrite has priced its IPO at 10 million shares at $23 each, according to a Sept. 20 SEC filing. This is up from its original $19 to $21 price range that it increased to $21 to $23 on Tuesday, Sept. 18. Eventbrite, which provides an online ticketing platform, expects to trade on the NYSE under the ticker “EB.” After the IPO, Tiger Global will own 20.9 percent of voting power, while Sequoia Capital will have 20 percent and T. Rowe Price will have 6.8 percent, the regulatory filing said.

PE-backed LINC Systems buys Packaging Systems Design

LINC Systems LLC, a portfolio company of Center Rock Capital Partners LP, has acquired Packaging Systems Design Inc. Financial terms weren’t announced. Packing Systems, of West Chester, Ohio, is a distributor of industrial packaging equipment and related products.

Harvest Properties, Independencia Asset Management close buy of Constitution Square

Harvest Properties and joint-venture partner Independencia Asset Management LLC said Sept. 20 that they have completed their acquisition and recap of a mixed-use property located in downtown Berkeley, California. Financial terms weren’t announced. The property, known as Constitution Square, is a three-story, 36,000 square foot building located at 2168 Shattuck Avenue.

Smith joins Tower Arch Capital

Tower Arch Capital LP said Sept. 20 that Steve Smith has joined the firm as vice president of business development. Smith previously North American self-reliance operations for a non-profit.

Providence Medical raises $25 mln

Providence Medical Technology Inc said Sept. 20 that it raised $25 million in financing led by Revelation Partners. Also participating was the private equity investment team at BMO Global Asset Management (EMEA), MVM Life Science Partners, Medvest Capital, and Aphelion Capital. Providence, of Pleasanton, California, is developing surgical solutions for cervical spine surgery.

AGIC Capital exits Gimatic Srl

AGIC Capital said Sept. 20 that it sold Gimatic Srl to Barnes Group Inc for 370 million euros ($433.47 million). Gimatic, of Roncadelle, Italy, supplies solutions for industrial automation and robotic applications in various end markets such as automotive, packaging, healthcare, food and beverage, and consumer electronics.

PE HUB First Read

To start your morning, we have news that Mavericks owner Mark Cuban admits he dropped the ball in not recognizing rampant sexual harassment, Amazon plans to open 3,000 cashierless stores by 2021, and Jack Ma now says he's not planning to create one million U.S. jobs.

Hidden Harbor buys Anchor Danly

Hidden Harbor Capital Partners said Sept. 19 that it acquired Anchor Danly and AWC Manufacturing. Financial terms weren’t announced. Anchor Danly, of Windsor, Ontario, provides die sets, ground and machined steel plates, metal fabrication and components used in the production of industrial tooling, including metal stamping and blow and injected molded tools and dies, as well as other large, highly complex fabricated products.