Private Equity
J.C. Flowers & Co LLC said Aug. 1 that it sold Acuon Capital to Baring Private Equity Asia. Financial terms weren’t announced. Acuon, of Seoul, is a consumer finance and leasing company with a $3.9 billion total loan portfolio and 335,000 customers.
3 min read · 01 August 2019
London Stock Exchange Group plc agreed Aug. 1 to buy Refinitiv, a financial data provider, for about $27 billion. The deal will result in Refinitive shareholders, including Blackstone and Thomson Reuters, owning about 37 economic interest and less than 30 percent of total voting rights of the LSEG.
10 min read · 01 August 2019
Clayton, Dubilier & Rice said July 30 that it completed the sale of Tranzact to Willis Towers Watson for $1.3 billion.
2 min read · 31 July 2019
TA Associates is buying a majority of Wealth Enhancement Group from Lightyear Capital. Financial terms weren’t announced. Wealth Enhancement, of Plymouth, Minnesota, is a wealth management firm that oversees $11.8 billion in client assets. Raymond James provided financial advice to Wealth Enhancement Group.
5 min read · 31 July 2019
2 min read · 30 July 2019
1 min read · 30 July 2019
Sphera, a Genstar Capital portfolio company, has agreed to buy thinkstep. Financial terms weren’t announced. Thinkstep, of Stuttgart, Germany, provides software and consulting services company that specializes in corporate sustainability and product tewardship. Thinkstep raised about $31 million in VC funding from investors including Next47 and Gimv, according to PitchBook.
3 min read · 30 July 2019
Oaktree Capital Management LP has agreed to acquire a minority stake in Singular, a Chilean-based asset management firm and placement agent. No financial terms were disclosed.
2 min read · 29 July 2019
nCino Inc, which is backed by Insight Venture Partners, Wellington Management, Salesforce Ventures and Bessemer Ventures, has acquired Salt Lake City-based Visible Equity, a financial analytics and compliance software company. No financial terms were disclosed. KPMG Corporate Finance LLC was the financial adviser to Visible Equity on the deal.
3 min read · 29 July 2019
Thomson Reuters confirmed July 26 that it and Blackstone are in talks to sell Refinitiv to the London Stock Exchange Group plc for about $27 billion. The deal would result in Thomson Reuters holding a roughly 15 percent stake in Refinitiv, a producer of financial data. Blackstone acquired a 55 percent stake in Refinitiv in 2018.
2 min read · 29 July 2019
