Private Equity
Hong Kong Exchanges and Clearing Ltd said Oct. 8 that it does not intend to go forward with its $39 billion offer for the London Stock Exchange. The HKEX said its board “is disappointed that it has been unable to engage with the management of LSEG in realising this vision, and as a consequence has decided it is not in the best interests of HKEX shareholders to pursue this proposal.”
3 min read · 08 October 2019
Vista Equity Partners is seeking to sell a minority stake in Finastra, Acuris reported Sept. 30. Vista has hired Goldman Sachs to gauge interest from potential buyers, Bloomberg reported Oct. 4. Vista is looking to sell as much as 50 percent of Finastra, Bloomberg said. Vista combined Misys with D+H to form Finastra.
1 min read · 08 October 2019
Satori Capital has made a $25 million investment in Pavise Capital Management. Based in Mahwah, New Jersey, Pavise is a multi-strategy firm with more than $1 billion in assets under management.
3 min read · 07 October 2019
4 min read · 04 October 2019
Hub International Limited, a global insurance brokerage, has acquired Ottawa, Ontario-based ProCorp Financial, a boutique benefits and retirement consulting firm. No financial terms were disclosed. Hub is backed by Altas Partners and Hellman & Friedman.
2 min read · 04 October 2019
Relation Insurance Services, which is backed by Aquiline Capital Partners, has acquired Tulsa, Oklahoma-based Premier Consulting Partners, an insurance brokerage. No financial terms were disclosed.
3 min read · 03 October 2019
1 min read · 02 October 2019
Q2 Holdings Inc said Oct. 1 that it agreed to buy Lender Performance Group, which is known as PrecisionLender. The deal is valued at about $510 million. Lender Performance is backed by Insight Venture Partners and Georgian Partners. PrecisionLender, of Charlotte, North Carolina, provides a pricing and profitability platform for commercial banks.
5 min read · 02 October 2019
Hub International Limited, a global insurance brokerage, has acquired Saskatoon, Saskatchewan-based Regency Advisory Corporation, an employee benefits consulting firm. No financial terms were disclosed. Hub is backed by Altas Partners and Hellman & Friedman.
2 min read · 02 October 2019
RedBird Capital Partners and Reverence Capital Partners have closed their buy of Vida Capital Inc. Financial terms weren’t announced. Vida is a specialist manager of life settlement investment strategies. The deal was announced in July.
3 min read · 02 October 2019
