Private Equity
Bunker Hill Capital has sold ASPEQ to Industrial Growth Partners. No financial terms were disclosed. Based in St. Louis, Missouri, ASPEQ is a maker of highly engineered electric‐heating and thermal‐management technologies.
2 min read · 12 November 2019
Blackstone is taking a control position in MagicLab, a parent company for the women-centered dating platform Bumble and global dating site Badoo.
2 min read · 12 November 2019
Hamilton, Ontario-based Nix Sensor, a provider of color measurement products, has secured $2 million in funding. The investor was BDC Capital's Growth & Transition Capital division. The funding will be used by Nix Sensor to accelerate product development and expand global sales efforts.
3 min read · 12 November 2019
IPKeys Power Partners has acquired Ontario-based N-Dimension Solutions Inc, a provider of cybersecurity monitoring. No financial terms were disclosed. EnerTech Capital, a venture firm that has offices in a number of cities that include Toronto, Philadelphia, Montreal and Calgary, made an equity investment in IPKeys as part of the transaction. No financial terms were disclosed. England & Company advised IPKeys on the deal.
3 min read · 12 November 2019
Five Points Capital has acquired Ithaca, New York and Madison, Wisconsin-based GrammaTech Inc, a developer of software-assurance tools and advanced cyber-security solutions for government and commercial clients. Five Points teamed up with Pleasant Bay Capital, Crescendo Capital, Capital Southwest Corporation and new GrammaTech CEO Mike Dager for this acquisition. No financial terms were disclosed.
3 min read · 12 November 2019
Sverica Capital Management has made an investment in Boston-based Gryphon Networks Corp, a provider of sales performance management and compliance software. No financial terms were disclosed.
3 min read · 12 November 2019
ZMC has made an investment in CommentSold Inc, a provider of multi-channel social commerce technology and managed services to boutique online retailers. No financial terms were disclosed. Weil, Gotshal & Manges LLP and Evercore acted as legal adviser and financial adviser to CommentSold, respectively. And, Lowenstein Sandler LLP provided legal advice to ZMC.
2 min read · 11 November 2019
The Riverside Company has sold Franklin, Tennessee-based Censis Technologies, a provider of SaaS-based surgical instrument tracking and workflow solutions for sterile processing departments of hospitals and ambulatory surgical centers. The buyer was Fortive Corporation. No financial terms were disclosed. Piper Jaffray & Co., Software Equity Group, Jones Day and Deloitte advised Riverside and Censis on the deal.
2 min read · 11 November 2019
ATB Financial has acquired the technology assets of Vancouver, British Columbia-based fintech company Grow Technologies Inc. No financial terms were disclosed. The acquired assets include Grow's digital account and loan origination platform as well as other digital banking technology solutions. Deloitte Corporate Finance Inc provided financial advice to ATB on this transaction.
2 min read · 11 November 2019
Blackstone is acquiring MagicLab, a builder and operator of dating and social networking apps that include Bumble and Badoo. The deal puts MagicLab at a valuation of about $3 billion. Citi Global Capital Markets Inc. is serving as an financial adviser to MagicLab on the transaction. And, Baker McKenzie is serving as legal adviser to the majority shareholders of MagicLab while Simpson Thacher & Bartlett LLP is providing legal advice to Blackstone.
4 min read · 08 November 2019
