Cloud Equity Partners said Monday it has acquired Virpus. Financial terms weren’t announced. Seattle-based Virpus is a Xen virtual private server and bare metal cloud hosting provider.
2 min read · 14 September 2015
ArcLight Capital Partners LLC and Element Petroleum LP have agreed to form Element Petroleum III with $200 million in commitments. Midland, Texas-based Element III is an oil and gas exploration and production company. Element III will be led by President and CEO Todd Gibson, as well as Eric Hopper, Jamie Small and Jiri Klubal.
2 min read · 14 September 2015
Frank Pizzo was named regional president of Wells Fargo & Co.’s Europe, Middle East & Africa (EMEA) region. He succeeds Jim Johnston who will return to the U.S. at the end of the year. Pizzo currently serves as MD and head of the Loan Syndications & High Yield Debt Capital Markets Group for Wells Fargo Securities.
3 min read · 14 September 2015
H.I.G. Capital has agreed to acquire two real estate-based portfolios from Finangeste, a Portuguese asset manager. The portfolios are comprised of 77 Real Estate assets and 114 secured loans with a face value of over €110 million (US$124.5 mln).
2 min read · 14 September 2015
Vista Equity Partners has agreed to buy Solera Holdings Inc. in a transaction valued at about $6.5 billion. Other investors include Koch Equity Development LLC and an affiliate of Goldman Sachs & Co. Vista is buying 100 percent of Solera for $55.85 a share. David Baron, Michael Lucas, and Aleksej Moser of Rothschild Inc. advised Solera, Centerview Partners LLC provided financial advice to the Special Committee and Morgan Securities LLC represented Vista.
8 min read · 14 September 2015
The Ontario Teachers' Pension Plan has named Nicole Musicco a Managing Director for Asia-Pacific and head of the Hong Kong office. Musicco joined Teachers’ in 2002 and has held positions of increasing responsibility, most recently as Vice-President, Teachers’ Private Capital in Teachers’ Toronto office.
2 min read · 14 September 2015
The Riverside Company has acquired Nina Ottosson Puzzle Games & Toys. Financial terms weren’t announced. Nina Ottosson Puzzle Games is a Swedish dog game company.
2 min read · 14 September 2015
Butterfly Effects LLC, a portfolio company of Moran Capital Partners LLC, has completed its buy of Autism Treatment Solutions LLC. Financial terms weren’t announced. Stockton, California-based Autism Treatment provides applied behavior analysis (“ABA”) therapy to children with autism spectrum and other related disorders.
2 min read · 14 September 2015
Siris Capital Group LLC said Sept. 10 that it agreed to buy Premier Global Services Inc. (PGi) for about $1 billion. Siris has agreed to pay $14 a share cash for each PGi common stock. The deal includes a go-shop where PGi can solicit bids from third parties for 45 days. Atlanta-based PGi provides collaboration software and services. Barclays Capital Inc., SunTrust Robinson Humphrey, Inc. and Macquarie Capital (USA) Inc. are providing debt financing. Allen & Company LLC provided financial advice to PGi while William Blair & Company and Evercore advised Siris.
7 min read · 14 September 2015
ABRY Partners has agreed to buy International Medical Group Inc. Financial terms weren’t announced. Altaris Capital Partners and Galen Partners are the sellers. Indianapolis-based International Medical provides benefits and assistance services to members in more than 200 countries. Greenhill facilitated the transaction.
2 min read · 14 September 2015