Financial services

BCP takes minority stake in MSouth

Bonaccord Capital Partners, a division of Aberdeen Standard Investments, has acquired a minority stake in Atlanta-based MSouth Equity Parthers, a lower-middle market private equity firm. No financial terms were disclosed. DC Advisory LLC served as financial adviser to MSouth on the deal while Kirkland & Ellis LLP provided legal counsel. And, Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to BCP.

Welsh Carson to buy Green Street Advisors

Welsh, Carson, Anderson & Stowe said June 3 that it agreed to buy Green Street Advisors from Golden Gate Capital. Financial terms weren’t announced. Management will re-invest a portion of their proceeds. Green Street provides real estate research, analytics, and data on both the listed and private markets.

Revolve IPO promises big return for TSG Consumer

PE-backed THG buys 360CBA

The Hilb Group LLC, a portfolio company of Abry Partners, has acquired New England-based 360 Corporate Benefit Advisors, an employee benefits consulting firm. No financial terms were disclosed.

PE-backed High Street buys KorthaseFlinn Insurance & Financial Services

High Street Insurance Partners, a portfolio company of Huron Capital, has acquired Boyne City, Michigan-based KorthaseFlinn Insurance & Financial Services, an insurance and financial services firm. No financial terms were disclosed.

Global Payments to buy TSYS for $21.5 bln

Global Payments agreed to buy TSYS in a deal valued at $21.5 billion. Global Payments will own 52 percent of the combined company, while TSYS will have 48 percent. The combined company will create a payments leader, providing software and technology to both merchants and financial institutions. Jeff Sloan will be CEO of the combined company.

CVC holds talks to sell Domestic & General: Sky News

CVC Capital Partners is holding talks with rival buyout firms to sell UK appliance insurer Domestic & General Ltd, while also exploring a public listing of the business, Sky News reported. Apax Partners, Centerbridge and Warburg Pincus are among several PE firms that has been negotiating with CVC, the story said. D&G could sell for $1.59 billion, Sky said.

Global Payments, Total System Services to merge: CNBC

Global Payments and Total System Services have agreed to merge in a deal that will create a combined company worth $40 billion, CNBC reported. Jeffrey Sloan, CEO of Global Payments, will run the combined company, the story said.

Five Questions with Catalyst Investors' Brian Rich on preparing for a downturn

J.C. Flowers to recoup some of Amerilife investment