Private Equity
The Carlyle Group has agreed to acquire The Hilb Group, a national insurance broker. No financial terms were disclosed. Currently, Hilb is a portfolio company of Abry Partners.
4 min read · 30 October 2019
The Carlyle Group has agreed to acquire The Hilb Group, a national insurance broker. No financial terms were disclosed. Currently, Hilb is a portfolio company of Abry Partners.
4 min read · 30 October 2019
The Hilb Group, a portfolio company of Abry Partners, has acquired New York-based Avanti Associates Ltd, a provider of personal and commercial insurance as well as life, health, disability, employee benefits, pensions and estate planning. No financial terms were disclosed.
2 min read · 29 October 2019
Central Federal Corporation, the parent company of CFBank, is raising up to $25 million in a private placement. Castle Creek Capital is the lead investor. Sandler O'Neill & Partners is the sole placement agent on the transaction.
3 min read · 28 October 2019
Caisse de dépôt et placement du Québec is investing US$250 million in India-based Piramal Enterprises Limited, a financial and industrial company. PEL is listed on the BSE Limited and the National Stock Exchange of India Limited in India.
3 min read · 28 October 2019
Payroc LLC said Oct. 27 that it agreed to merge with Payscape, NXGEN International and BluePay Canada. Financial terms weren’t announced. Payroc, of Tinley Park, Illinois, is a merchant services and payment organization. Payscape, NXGEN and BluePay Canada are backed by Parthenon Capital. The new Payroc is a merchant acquirer, processor and payment facilitator that operates in 46 countries, processing $23 billion in annual charge volume for more than 55,000 merchants. Buyouts reported on Oct. 15 that Parthenon was investing in Payroc. Keefe, Bruyette & Woods (KBW), a Stifel company, provided financial advice to Payroc.
4 min read · 28 October 2019
Parthenon Capital portfolio companies NXGEN International and Payscape have acquired BluePay Canada, formerly known as Caledon Computer Systems Inc. No financial terms were disclosed. Oakville, Ontario-based BluePay Canada is a provider of technology-enabled payment processing for merchants in the U.S. and Canada.
4 min read · 25 October 2019
Stonyrock Partners has made a minority equity investment in Oak Hill Capital Partners, a middle-market private equity firm. No financial terms were disclosed. Evercore provided financial advice to Oak Hill while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel. And, Willkie Farr & Gallagher LLP served as legal counsel to Stonyrock.
2 min read · 25 October 2019
Ascensus said Oct. 24 that it agreed to buy Goldleaf Partners. Financial terms weren’t announced. GoldLeaf, of Bloomington, Minnesota, is a third-party administrator (TPA) that provides retirement administration and fiduciary, employee benefits, payroll integration, consumer-directed health, and COBRA services to clients.
2 min read · 24 October 2019
Ascensus said Oct. 24 that it agreed to buy Goldleaf Partners. Financial terms weren’t announced. GoldLeaf, of Bloomington, Minnesota, is a third-party administrator (TPA) that provides retirement administration and fiduciary, employee benefits, payroll integration, consumer-directed health, and COBRA services to clients.
2 min read · 24 October 2019
