Luisa Beltran

PE-backed EPIC buys Trumark Insurance

EPIC Insurance Brokers and Consultants, a portfolio company of Oak Hill Capital Partners, said Aug. 8 that it acquired Trumark Insurance & Financial Services. Financial terms weren’t announced. Trumark, of Pleasanton, California, is a brokerage/general agency specializing in the institutional financial advisory market.

Shebelsky named CFO at Lovell Minnick

Lovell Minnick Partners said Aug. 8 that Scott Shebelsky was promoted to CFO.

Vymo raises $18 mln

Vymo said Aug. 8 that it raised $18 million in Series B funding led by Emergence Capital. Existing investor Sequoia India also participated in the round. Vymo provides an AI-powered mobile personal sales assistant that aims to capture data of sales activities.

WSC Sports raises $23 mln

WSC Sports said Aug. 8 that it raised $23 million in Series C funding led by O.G Tech Ventures. Participating in the round were NTT DOCOMO Ventures, HBSE Ventures, Maor Investments, ISF and Go4it Capital. Existing investors including Intel Capital, Detroit Venture Partners, Elysian Park Ventures, WISE Ventures, 2BAngels and iAngels also joined the round. WSC Sports aims to provide personalized and automatic sports video content in near real-time.

CITIC Capital's fourth China buyout fund raises $2.8 bln

CITIC Capital Partners said Aug. 8 that it closed its fourth China buyout fund on its $2.8 billion hard cap. CITIC Capital China Partners IV LP will focus on consumer, healthcare, business services, consumer services, TMT, and industrial sectors. CITIC’s third China buyout fund raised $1.575 billion in 2017.

Bayer AG buys BlueRock Therapeutics for $1 bln

Bayer AG has acquired BlueRock Therapeutics from Versant Ventures for up to $1 billion. BlueRock, a biotech, focuses on stem cell research.

Experian to buy MyHealthDirect

Experian said Aug. 8 that it agreed to buy MyHealthDirect. Financial terms weren’t announced. MyHealthDirect, which provides a referral management and online scheduling platform for patients, raised $27.4 million in venture funding, PitchBook said.

Salesforce in $1.4 bln buy of ClickSoftware from Francisco Partners

Francisco Partners said Aug. 7 that it agreed to sell ClickSoftware to Salesforce for $1.4 billion. Click provides field service management solutions and optimization technology. Francisco took ClickSoftware private in 2015 in a $438 million deal. UPDATE: Michael Dorf and J. Russel Denton of Shearman & Sterling advised Salesforce.

GPS Capital Markets seeks buyer

PE HUB Wire Highlights, 8.7.19

Vista Equity clinches $500 mln AltaReturn buy; Ex-Gamut execs launch firm to invest in industrials; Carlyle sells MBS Group for $650 mln