Private Equity
Vista Equity Partners agreed to buy a majority of Sonatype. Financial terms weren’t announced. Sonatype, of Fulton, Maryland, provides supply chain automation software.
3 min read · 19 November 2019
First Read begins the day with news that WeWork preps for massive layoffs, SoftBank will create a $30 billion tech giant by merging Yahoo Japan and Line Corp, while T-Mobile President and COO Mike Sievert is succeeding John Legere as CEO.
1 min read · 19 November 2019
MODE Transportation, a portfolio company of York Capital Management, has agreed to acquire Jacksonville, Florida-based SunteckTTS, a provider of third-party transportation and logistics. No financial terms were disclosed. Both businesses will operate under the MODE brand name. Piper Jaffray and McDermott Will & Emery advised SunteckTTS on the deal while Kirkland & Ellis provided legal advice to MODE. MODE is a portfolio company of York Capital Management. And, SunteckTTS is backed by Comvest Partners.
3 min read · 18 November 2019
Driven Brands, which is backed by Roark Capital, has acquired Quebec-based Clairus Group, a provider of automotive glass distribution, replacement, and claims management solutions. No financial terms were disclosed. Jefferies was sole financial adviser to Clairus on the transaction. Headquartered in Charlotte, North Carolina, Driven Brands is the parent company of various automotive aftermarket brands.
3 min read · 18 November 2019
Episerver, which is backed by Insight Partners, has agreed to acquire Idio, a content personalization and analytics platform. No financial terms were disclosed.
3 min read · 18 November 2019
Antares has provided a senior secured credit facility to back ONCAP's acquisition of Texas-based Enertech, a provider of wireless infrastructure services to telecommunications carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the U.S. No financial terms were disclosed. Antares was the lead arranger and administrative agent on the financing.
2 min read · 18 November 2019
Arlington Capital Partners has agreed to sell Quantum Spatial to NV5. The purchase price is $303 million. Quantum Spatial is a geospatial data firm.
3 min read · 18 November 2019
Serenova, which is backed by Marlin Equity, has acquired the team and technology behind the ProScheduler platform from Loxysoft. No financial terms were disclosed.
3 min read · 18 November 2019
Woodstream Corporation, a portfolio company of Vestar Capital Partners, has acquired Milwaukee-based Dynamic Solutions Worldwide, a maker of DynaTrap insect traps. No financial terms were disclosed.
3 min read · 18 November 2019
San Francisco-based Bolt, an electric bike delivery company, has raised $2.5 million in seed funding. Maniv Mobility led the round with participation from other investors that included Contrarian Ventures.
3 min read · 18 November 2019
