Private Equity
Fosun International Limited has acquired a majority stake in London-based Tenax Capital, a boutique asset management firm. No financial terms were disclosed.
3 min read · 03 July 2019
CBIZ Inc said July 2 that it acquired Paydata Inc, which does business as Paytime. Financial terms weren’t announced. Paytime is a payroll service provider with 37 employees and about $4 million in revenue.
2 min read · 03 July 2019
1 min read · 02 July 2019
NCR Corp said July 2 that it acquired D3 Technology Inc. Financial terms weren’t announced. D3 provides mobile banking for the large financial institution market. D3 has raised $38.34 million in funding from investors including Invest Nebraska, West Partners, and Route 66 Ventures, PitchBook said. Robert Koven, a managing director at Leonis Partners, advised D3.
2 min read · 02 July 2019
Transworld Systems Inc said July 1 that it closed its buy of Altisource Financial Services business, including Nationwide Credit Inc. Financial terms weren’t announced. Altisource Portfolio Solutions SA is the seller. Altisource Financial Services and NCI provide collections, customer relationship management, and call center outsourcing for financial, retail credit, mortgage servicing, insurance, utility, and hospitality industries. In 2014, Platinum Equity acquired Expert Global Solutions, which was renamed Transworld Systems, PitchBook said.
2 min read · 02 July 2019
SARORAS Private Capital has made a "significant" investment in Ninth Wave. No financial terms were disclosed. Based in New York, Ninth Wave is a enabler of secure data connectivity between financial institutions and third-party applications.
3 min read · 01 July 2019
2 min read · 28 June 2019
Lightyear Capital and Ontario Teacher's Pension Plan have agreed to acquire Lendmark Financial Services LLC from Blackstone. No financial terms were disclosed; however, an earlier Reuters report tagged the value of the deal at $600 million, excluding debt. The deal is expected to close in the second half of this year. Based in Lawrenceville, Georgia, Lendmark is a consumer finance platform.
4 min read · 27 June 2019
Incline Equity Partners has acquired Itasca, Illinois-based Brown & Joseph, a provider of commercial accounts receivable management services primarily focused on insurance end markets. No financial terms were disclosed. UPDATE: Twin Brook Capital Partners provided financing to support the transaction, according to a source familiar with the deal.
2 min read · 27 June 2019
Investcorp Credit Management US LLC, a subsidiary of Investcorp Bank BSC, said June 26 that it agreed to buy a majority of CM Investment Partners LLC Financial terms weren’t announced. Investcorp is acquiring the stakes held by Cyrus Capital Partners LP and Stifel Venture Corp. CM Investment Partners is the investment adviser to CM Finance Inc, a BDC. Michael Mauer and Christopher Jansen, CMIP's co-CIOs, will together have a minority of CMIP.
9 min read · 27 June 2019
