Private Equity
EMEA Capital and Duet Group have invested in Moneybaba. Financial terms weren’t announced. Moneybaba is a London fintech company that specializes in Latin American and African emerging markets.
2 min read · 16 September 2019
Discover Financial Services said Sept. 13 that John T. Greene was named executive vice president, chief financial officer and a member of the company’s executive committee effective Sept. 18. Greene succeeds R. Mark Graf, who will remain with the company as an executive adviser until his retirement in early 2020. Greene most recently served as CFO at Bioverativ.
3 min read · 16 September 2019
High Street Insurance Partners, which is backed by Huron Capital, has acquired Michigan-based Ottawa Kent Insurance Agency, an outsourced risk management and independent insurance agency. No financial terms were disclosed.
3 min read · 11 September 2019
KKR said Sept. 11 that it closed its buy of a majority stake in Burning Glass Technologies. Providence Strategic Growth was the seller. Financial terms weren’t announced. Burning Glass Technologies is an analytics software company that provides labor market data.
6 min read · 11 September 2019
High Street Insurance Partners, which is backed by Huron Capital, has acquired Michigan-based Ottawa Kent Insurance Agency, an outsourced risk management and independent insurance agency. No financial terms were disclosed.
3 min read · 11 September 2019
Hong Kong Exchanges and Clearing Ltd said Sept. 11 that it has made a proposal to the London Stock Exchange’s board to combine the two companies in a 31.6 billion pound ($39 billion) deal. HKEK said it plans to fund the offer with a mix of existing cash and new credit facilities. The offer, however, is contingent on the LSE abandoning its $27 billion offer for Refinitiv, the statement said. HKEK cautioned that its statement should not be construed as an announcement of a firm intention to make an offer. “There can be no certainty that an offer will be made. A further announcement will be made as and when appropriate,” the HKEK said.
1 min read · 11 September 2019
Stewart Information Services Corp said Sept. 10 that it has terminated its merger with Fidelity National Financial Inc after the FTC sought to block the transaction. Stewart’s board has decided that growing the company as a standalone entity will create the greatest shareholder value. As part of the termination, Fidelity has agreed to pay a $50 million reverse termination fee to Stewart. Frederick Eppinger will become CEO of Stewart, while Matthew Morris, who has served as CEO since 2011, will assume the role of president. Stewart is a real estate services company. Fidelity agreed to buy Stewart for $1.2 billion in 2018, according to press reports.
5 min read · 10 September 2019
The Hilb Group, a portfolio company of Abry Partners, has acquired Massachusetts-based The Incentive Group LLC, an employee benefits consulting and brokerage firm. No financial terms were disclosed.
2 min read · 10 September 2019
Cerberus Capital Management LP said Sept. 9 that it agreed to buy Axsesstoday Ltd. Financial terms weren’t announced. Axsesstoday provides equipment finance solutions to small and medium businesses in Australia.
2 min read · 10 September 2019
PEAK6 has acquired Electronic Transaction Clearing Inc, a custodian and clearing provider for the institutional and professional trading marketplace. No financial terms were disclosed. Freeman & Co. acted as financial adviser to ETC on the transaction.
3 min read · 09 September 2019
