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.
Alpine Investors said Oct. 5 that it acquired Arcom. Financial terms weren’t announced. Salt Lake City-based Arcom provides software that aims to integrate building specification content.
3 min read · 06 October 2016
1 min read · 05 October 2016
MTS Health Investors said Oct. 5 that it closed its fourth fund with $365 million in LP and GP commitments. MTS Health Investors IV LP was was oversubscribed and closed at its fundraising cap. The fund will continue MTS’s focus on the healthcare services sector. Kirkland & Ellis LLP served as legal counsel while Probitas Partners acted placement agent.
2 min read · 05 October 2016
Episerver, a portfolio company of Accel-KKR, has acquired Optivo Gmbh and Peerius, in separate transactions. Financial terms of either deal wasn’t announced. Optivo is a European technology provider for e-mail marketing and omni-channel campaign management. Peerius, of London, provides omnichannel personalization software.
7 min read · 05 October 2016
Prospect Partners LLC said Oct. 4 that it sold its interest in Kronos Foods Inc to another private equity firm and management. Financial terms weren’t announced. Grey Mountain Partners, in a separate release, said it acquired Kronos. Glendale Heights, Illinois-based Kronos, a Mediterranean food manufacturer and distributor, sells gyro meat, pita, flatbread, filo products, hummus and sauces in the U.S. and Canada.
3 min read · 05 October 2016
2 min read · 04 October 2016
Ascension Insurance Inc said Oct. 4 that it agreed to buy four Greenpoint Insurance Group locations. First Community Bancshares Inc is the seller. Financial terms weren’t announced. The deal include Greenpoint’s operations in High Point and Lexington, North Carolina, as well as Greenpoint's operations in Warrenton and Marshall, Virginia, where it operates as Carr & Hyde. Ascension is backed by Parthenon Capital and Century Capital Management.
3 min read · 04 October 2016
Parthenon Capital Partners has invested in BillingTree via a majority recapitalization. Senior management participated in the deal. Financial terms weren’t announced. Phoenix, Arizona-based BillingTree provides payments solutions to the healthcare, ARM and financial services industries. Marlin & Associates provided financial advice to BillingTree while Snell & Wilmer LLP acted as legal counsel. Kirkland & Ellis LLP acted as legal advisor to Parthenon.
3 min read · 04 October 2016
Career Step LLC, a portfolio company of Revelstoke Capital Partners, said Oct. 4 that it acquired Medic-CE.com LLC. Financial terms weren’t announced. Houston-based Medic-CE.com provides online continuing education for emergency medical service (“EMS”) and firefighting professionals. Hogan Lovells US LLP acted as legal advisor to Career Step, while Porter Hedges LLP was legal advisor to Medic-CE in the transaction.
3 min read · 04 October 2016
The Riverside Company said Oct. 4 that it first growth lending fund has closed at its $50 million target. Riverside Acceleration Capital (RAC) will provide growth capital to software businesses without altering ownership or control dynamics. Riverside did not disclose LPs of the fund but said it attracted a wide array of investors including many new to firm.
3 min read · 04 October 2016
