Private Equity
PAE, a portfolio company of Platinum Equity, has agreed to merge with Gores Holdings III, a blank check company backed by The Gores Group. The value of the deal is about $1.55 billion. Deutsche Bank Securities Inc. and Evercore acted as lead financial advisers to Gores Holdings III. Deutsche Bank Securities Inc also acted as lead capital markets adviser, while Evercore, BofA Securities and Morgan Stanley acted as capital markets advisers and Moelis & Company LLC as financial adviser. Based in Falls Church, Virginia, PAE is a provider of mission-critical services to the U.S. government, armed forces and international customers, including the U.S. Department of State, Army, Navy, Air Force, NASA and others.
6 min read · 01 November 2019
Validant has acquired DataRevive, a regulatory strategy and consultancy firm that focuses on supporting pharma and biotech. No financial terms were disclosed. Validant is backed by GHO Capital.
3 min read · 01 November 2019
ChartCo, which is backed by Equistone Partners Europe, has merged with Marine Press, which is backed by Champlain Financial Corporation. The newly combined company will be called OneOcean and provide navigation and compliance solutions to the commercial marine industry. No financial terms were disclosed.
3 min read · 01 November 2019
CI Capital has acquired Rockville, Maryland-based WTS International, a spa, wellness, and lifestyle consultancy and management firm. No financial terms were disclosed.
2 min read · 31 October 2019
Tritium Partners has made an investment in AutoVitals, a provider of SaaS solutions to automotive repair and maintenance shops. No financial terms were disclosed.
3 min read · 31 October 2019
Platinum Equity has acquired De Wave Group from Xenon Private Equity. No financial terms were disclosed. Based in Genoa, Italy, De Wave is a marine contractor that specializes in cruise ship interiors.
3 min read · 30 October 2019
Workforce Logiq, which is backed by The Carlyle Group, has acquired Engage Talent, a predictive analytics and AI software company. No financial terms were disclosed. Engage Talent's backers include Refinery Ventures, Ventures, Revolution Rise of the Rest Seed Fund and Alpha Venture Partners.
3 min read · 30 October 2019
Confluence Technologies, which is backed by TA Associates, has acquired StatPro, a provider of cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers. The purchase price was over $207 million.
3 min read · 30 October 2019
Regional Rail, which is backed by 3i, has agreed to acquire Pinsly Railroad Company’s Florida operations. No financial terms were disclosed. Pinsly is a short-line railroad operator headquartered in Westfield, Massachusetts.
3 min read · 29 October 2019
Granite Creek Capital Partners LLC and Red Arts Capital have acquired Chino, California-based Sunset Pacific Transportation, a logistics provider. No financial terms were disclosed.
3 min read · 24 October 2019
