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.
TechnoCap I LP has distributed 1.86 million shares of Kinaxis Inc. to HarbourVest Partners VII - Venture Partnership Fund L.P. ("HV VII"), a fund-of-funds controlled by HarbourVest. The distribution was made in connection with the wind-up and distribution of TechnoCap assets to its GP and LPs on Aug. 14. HV VII saw its ownership in TechnoCap fall to about 7.8 percent from 97.5 percent following the distribution. TechnoCap is a Canadian venture capital fund. Following the distribution, HarbourVest will own about 14.4 percent of Kinaxis, an Ottawa-based provider of supply-chain management software.
3 min read · 17 August 2015
The seven buyout shops that acquired SunGard for $11.4 billion 10 years ago stand to make just 1.65x their money, several sources said.
3 min read · 17 August 2015
TPG Capital and Leonard Green Partners have agreed to buy Ellucian. The sellers are Hellman & Friedman and JMI Equity. Financial terms weren’t announced but Reuters valued the deal at $3.5 billion. Fairfax, Virginia-based Ellucian provides software to universities and colleges. Morgan Stanley & Co. LLC, BofA Merrill Lynch, BMO Capital Markets Corp., and Barclays served as financial advisors to TPG and Leonard Green. Credit Suisse and Goldman, Sachs & Co. served as financial advisors to Ellucian.
5 min read · 16 August 2015
Gryphon Investors said Friday that it has agreed to sell portfolio company Trinity Consultants to Levine Leichtman Capital Partners. Financial terms weren’t announced. Dallas-based Trinity is an environmental consulting firm that provides air quality compliance and permitting services. William Blair was lead advisor to Gryphon and the Company, while Harris Williams and Lincoln International served as co-advisors on the transaction.
4 min read · 16 August 2015
Signal Hill Equity Partners said Friday that it invested in City Wide Towing & Recovery Service Ltd. Financial terms weren’t announced. City Wide provides vehicle recovery services in Calgary, Alberta.
2 min read · 16 August 2015
The seven buyout shops that acquired SunGard for $11.4 billion 10 years ago stand to make just 1.65x their money, several sources said.
2 min read · 14 August 2015
Private equity is bidding for RS Investments, the asset management business that’s being sold by Guardian Life Insurance Company of America.
2 min read · 14 August 2015
Private equity is bidding for RS Investments, the asset management business that’s being sold by Guardian Life Insurance Company of America.
2 min read · 13 August 2015
NBCUniversal said Wednesday it has agreed to invest $200 million in Vox Media. New York-based Vox, a digital media company, is backed by Accel Partners, Comcast Ventures, Khosla Ventures, and General Atlantic. NBCUniversal is a unit of Comcast Corp.
2 min read · 13 August 2015
Equistone Partners Europe has completed its 50 million pounds (US$78.1 million) acquisition of Wealth at Work. Financial terms weren’t announced. Palatine Private Equity, the seller, is retaining a minority stake. Liverpool-based Wealth at Work provides financial education, regulated advice and wealth management services designed for the workplace. Palatine, with the sale, is making a 3.5x return on its investment.
3 min read · 13 August 2015
