Luisa Beltran

SpotOn Transact raises $40 mln

SpotOn Transact LLC said June 11 that it raised a $40 million funding round led by Franklin Venture Partners, the VC arm of Franklin Templeton. Dragoneer Investment Group also participated. SpotOn, of San Francisco, is a payments and software company.

Sheridan Capital invests in Atlantic Vision Partners

Sheridan Capital Partners said June 11 that it invested in Atlantic Vision Partners. Financial terms weren’t announced. Atlantic Vision Partners, of Richmond, Virginia, is a vision practice management company, providing ophthalmic, optometric, and optical services throughout southern and central Virginia.

Wise Equity invests in Waycap

Wise Equity said June 11 that it has agreed to invest in Waycap. Financial terms weren’t announced. Waycap designs and makes fashion accessories such as hats, bags & bag components, scarfs and gloves.

Arcis Capital spins off real estate investment business

Arcis Capital Partners LLC has spun off its real estate investment business into Arcis Real Estate Capital LLC. Mohi Monem will lead ArcisRE as managing partner and Steven W Sorensen will join him as a partner. ArcisRE will focus solely on real estate investment management and advisory in the U.S.

Apollo Global to buy Shutterfly for $2.7 bln

Apollo Global Management has agreed to buy Shutterfly Inc for $51 a share or $2.7 billion. Ryan O’Hara was named president and CEO of Shutterfly effective June 24. Shutterfly is an online retailer.

CVC to buy majority of Vitech Systems

CVC Capital Partners is buying a majority of Vitech Systems Group. Financial terms weren’t announced. Vitech, of New York, provides cloud-based administration solutions to pension, insurance and investment organizations. UPDATE: Jason Gurandiano of RBC Capital Markets and Orrick, Herrington & Sutcliffe LLP advised Vitech with assistance from Clearsight Advisors. CVC was advised by Rahul Singla of Citi, Goldman Sachs & Co LLC and White & Case LLP.

PE HUB Wire Highlights, 6.10.19

Vesey Street seeks buyer for HealthChannels; Kolin, ex-Blackstone secondaries exec, joins Rothschild’s Five Arrows; the awkward conversation on key-person provisions

Elliot Management to buy Barnes & Noble

Elliot Management is buying Barnes & Noble Inc in a deal valued at $475 million, according to regulatory filings. Including debt, the transaction is valued at $683 million, the Wall Street Journal reported. Once the deal closes, Elliot will own both Barnes & Noble and U.K. book chain Waterstones, the WSJ said.

Conway donates $20 mln to Catholic University: Washington Business Journal

Bill Conway, co-founder and co-executive chairman of Carlyle Group, and his wife, Joanne, have made a $20 million donation to Catholic University, according to Washington Business Journal. Conway’s financial support of the school comes to $40 million, the story said.

Privitar raises $40 mln

Privitar said June 10 that it raised a $40 million Series B round led by Accel. Existing investors Partech, Salesforce Ventures, 24Haymarket and IQ Capital participated in the round. Privitar is a data privacy software company.