Private Equity

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WCAS completes Absorb Software acquisition

The tech company names new members to its board of directors to lead the vision for its next phase of growth.

3 min read · 01 June 2021

CD&R, KKR to take Cloudera private in $5.3b deal

At $16 a share, the transaction implies a 24% premium to Cloudera's closing share price on May 28, and 30% premium to the 30-day volume weighted average share price.

10 min read · 01 June 2021

New Mountain starts DRB Systems sale process

DRB, vertical software provider for a niche segment in the automotive vertical, is likely to see a mix of strategics and PE firms bidding in the auction's first round, sources tell PE Hub.

2 min read · 01 June 2021

Gryphon buys Highmetric, agrees to buy Fishbone, Iceberg

Gryphon Investors has acquired a majority stake in the ServiceNow division of Highmetric, a digital IT services provider, from Acacia Group.

5 min read · 28 May 2021

Trilantic-backed AEGIS buys commodity trading software business InstaNext

AEGIS marks its third add-on with the acquisition of InstaNext.

3 min read · 27 May 2021

Lovell Minnick's FortisPay buys EpicPay and Change Merchant Solutions

The investments will bring incremental scale and new technology partnerships to the company, while further enhancing FortisPay's offerings to developers and ISVs

4 min read · 27 May 2021

Silversmith closes $500m sale of Absorb Software to WCAS

Silversmith Capital Partners has wrapped up the sale of Calgary-based Absorb Software, a provider of cloud-based learning and performance management software.

3 min read · 27 May 2021

CVC Credit supports Sole Source Capital’s acquisition of Peak-Ryzex and Optical Phusion

CVC Credit will support the growth strategy for the combined business going forward through the provision of a delayed draw term loan facility.

3 min read · 27 May 2021

HIG Capital starts sale process for Trace3

First-round bids are due mid-June for the Irvine, California-based IT services provider.

2 min read · 26 May 2021

Salt Security raises $70 million in Series C to expand global operations

Total funding of $131 million along with 400% growth in revenue further enhance the lead Salt holds in the API security market.

6 min read · 26 May 2021

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