US

Advent sees opportunity in healthcare payments, corporate carveouts

Managing partner John Maldonado shares his insight into the firm's healthcare investment strategy.

Branford-backed Drew Foam buys Davis Core & Pad

The deal marks the 13th acquisition for Branford Castle Partners's 2016 vintage fund.

Castle Harlan still active as Branford Castle markets for second fund

Four years after Castle Harlan was expected to close its doors, the New York private equity firm is still doing deals, says CEO.

Schwab is in talks to buy TD Ameritrade: CNBC

Charles Schwab is in talks to buy smaller rival TD Ameritrade, CNBC reported. The $26 billion deal could be announced Thursday, the New York Times said. Schwab and TD Ameritrade are the two biggest publicly traded discount brokers, the story said.

PayPal to buy Honey for $4 bln

PayPal Holdings Inc said Nov. 20 that it agreed to buy Honey Science Corp for about $4 billion. Honey, of Los Angeles, is a technology platform for shopping and rewards. Honey has raised $37.67 million in venture funding, PitchBook said.

KKR to sell LGC to Cinven and Astorg

KKR said Nov. 21 that it agreed to sell LGC to Cinven and Astorg. Financial terms weren’t announced. LGC provides life science tools to customers in end markets, including human healthcare, agri-food & the environment.

Gen Cap America buys Griffin Gear

Griffin has the largest selection of equipment tooling (including metric) and experience required for highly customized gearing jobs.

Bregal Sagemount invests in SurePrep

SurePrep LLC said Nov. 21 that Bregal Sagemount has acquired a minority stake in the company. Financial terms weren’t announced. SurePrep provides tax automation software and software-powered services to the professional tax return preparation market.

PE HUB First Read

First Read kicks off the day with news that General Motors has filed a racketeering lawsuit against Fiat Chrysler, Ardian is sellng professional loudspeaker maker d&b Autiotech and PayPal is buying rewards platform Honey for $4 billion.

TPG's SPAC closes merger with Accel Entertainment

TPG Pace Holdings Corp, TPG's blank check company, has closed its merger with Bolingbrook, Illinois-based Accel Entertainment Inc, a gaming-as-a-service provider. No financial terms were disclosed. In connection with the completion of the deal, the company has been renamed Accel Entertainment and will start trading November 21, 2019 on the New York Stock Exchange under the ticker symbol "ACEL." This past summer, Canadian private equity firm Clairvest Group filed a lawsuit to block the merger of portfolio company Accel Entertainment with TPG Pace.