Private Equity
Thomson Reuters has agreed to acquire Brentwood, Tennessee-based Confirmation, a provider of secure audit confirmation services. No financial terms were disclosed. Confirmation is a portfolio company of Great Hill Partners.
3 min read · 21 June 2019
PayU has acquired iyzico for $165 million in consideration. iyzico, of Istanbul, Turkey, provides payments to more than 300 marketplace merchants. PayU is the fintech and electronics payment arm of Naspers. FT Partners advised iyzico.
1 min read · 20 June 2019
2 min read · 19 June 2019
Mercer Global Advisors Inc, which is backed by Genstar Capital, has acquired Costa Mesa, California-based Jackson Financial Management Inc, a wealth management firm. No financial terms were disclosed.
3 min read · 19 June 2019
Warburg Pincus and Apollo Global Management have walked away from the sale of NCR, the New York Post is reporting. NCR, an ATM maker, was put up for sale last month, according to press reports.
1 min read · 19 June 2019
2 min read · 18 June 2019
Intertrust N.V. has acquired Viteos1, a provider of technology solutions for U.S. funds, from PPC Enterprises LLC, FiveW Capital LLC and Viteos management. The purchase price was $330 million. Deutsche Bank was financial adviser to Intertrust while Simpson Thacher & Bartlett LLP provided legal counsel.
7 min read · 18 June 2019
Ditech Holding Corp, which has filed for bankruptcy protection, said June 18 that New Residential Investment Corp is acquiring Ditech Financial, its forward mortgage servicing and orginations business. Mortgage Assets is buying Ditech's Reverse Mortgage Solutions Inc. New Residential and Mortgage Assets will serve as proposed "stalking horse bidders" in court-supervised sale processes. New Residential is an affiliate of Fortress Investment Group LLC.
7 min read · 18 June 2019
MoneyGram International Inc said June 17 that Ripple has invested $30 million in the company. The deal called for Ripple to buy common stock from MoneyGram at $4.10 per share. Ripple may also buy common stock or warrants up to $20 million at a minimum price of $4.10 per share. MoneyGram is a money transfer company.
6 min read · 18 June 2019
Wealth Enhancement Group, a portfolio company of Lightyear Capital, said June 13 that it agreed to buy Planning Solutions Group LLC. Financial terms weren’t announced. Planning Solutions, of Fulton, Maryland, is a financial advisory business with more than $1.3 billion in combined client assets.
4 min read · 13 June 2019
