Private Equity
JPMorgan Chase & Co said May 17 that it agreed to buy InstaMed. Financial terms weren’t announced. The deal is valued at $550 million to $600 million, a source said. Instamed, of Philadelphia, is a healthcare payments company. FT Partners advised on the sale.
3 min read · 17 May 2019
ClearCourse Partnership LLP, which is backed by Aquiline Capital Partners, said May 16 that it acquired instaGiv. Financial terms weren’t announced. InstaGiv, of the U.K., provides mobile and digital fundraising solutions.
2 min read · 16 May 2019
2 min read · 15 May 2019
2 min read · 14 May 2019
Lee Equity Partners LLC said May 14 that it agreed to buy a majority of K2 Insurance Services LLC. Financial terms weren’t announced. K2 is a specialty insurance holding company. Endeavour Capital and Patrick Kilkenny, a founder, are exiting. The deal calls for Aegis Security Insurance Co to be spun off and remain under Endeavour’s and Kilkenny’s ownership. Evercore advised Lee Equity while TigerRisk Capital Markets & Advisory</strong
4 min read · 14 May 2019
3 min read · 13 May 2019
Liquidnet said May 13 that it acquired RSRCHXchange. Financial terms weren’t announced. RSRCHXchange is a marketplace and aggregator for institutional research. Liquidnet is backed by Maverick Capital and TH Lee Putnam Ventures, PitchBook said. Nex Group invested in RSRCHXchange in 2017.
4 min read · 13 May 2019
BC Partners said May 13 that it sold a majority of Acuris to ION Investment Group. Financial terms weren’t announced although press reports pegged the sale at more than 1.35 billion pounds. GIC is also selling its stake. Acuris is a financial media and data firm. ION is backed by Carlyle Group.
3 min read · 13 May 2019
BlackRock Inc has acquired Paris-based eFront, an alternative investment management software and solutions provider. No financial terms were disclosed. BlackRock will merge eFront with portfolio company Aladdin.
2 min read · 10 May 2019
1 min read · 09 May 2019
