Private Equity
Syndigo, which is backed The Jordan Company, has acquired Emeryville, California-based SellPoints, an ecommerce optimization platform. No financial terms were disclosed.
3 min read · 13 August 2019
Scout24 is exploring a sale or spin-off of its autos platform after activist investor Elliot called for the company to sell the business, Reuters is reporting. AutoScout24 could fetch up to 2.5 billion euros ($2.8 billion), the story said.
1 min read · 13 August 2019
BC Partners is investing in Advanced. Financial terms weren’t announced. Vista Equity Partners, the seller, is continuing as an investor. Vista is selling about 50 percent of Advanced to BC Partners in a deal valued at about 2 billion pounds ($2.4 billion) including debt, the Financial Times reported. Advanced is a U.K. software company.
3 min read · 13 August 2019
Verizon Communications agreed to sell Tumblr, the blogging website, to Automattic Inc, according to press reports. Financial terms weren’t announced but the Wall Street Journal said Tumblr fetched a “nominal amount.”
1 min read · 13 August 2019
Warburg Pincus has invested about $200 million in Indecomm Digital Services. Based in Scottsdale, Arizona, Indecomm Digital is a provider of next-generation product engineering and digital experience services to technology companies and software businesses.
3 min read · 13 August 2019
Grain Management has agreed to acquire Jonesboro, Arkanas-based Ritter Communications, an independent communications provider. No financial terms were disclosed.
4 min read · 12 August 2019
Thoma Bravo has agreed to sell iPipeline, a provider of cloud-based software solutions for the life insurance and financial services industry, to Roper Technologies. The purchase price is $1.625 billion. The deal is expected to close in the third quarter. In addition to the transaction, Larry Berran, chief financial officer and chief operating officer of iPipeline, will be named CEO.
4 min read · 08 August 2019
Francisco Partners said Aug. 7 that it agreed to sell ClickSoftware to Salesforce for $1.4 billion. Click provides field service management solutions and optimization technology. Francisco took ClickSoftware private in 2015 in a $438 million deal. UPDATE: Michael Dorf and J. Russel Denton of Shearman & Sterling advised Salesforce.
2 min read · 07 August 2019
Defi Solutions and Sagent Auto, two auto lending technology and services providers, have agreed to merge. The newly combined company will be known as Defi Solutions and be backed by Warburg Pincus, Bain Capital Ventures and Fiserv, Inc. No financial terms were disclosed. Bret Leech, CEO of Sagent Auto, will lead the newly merged company, which will be based in Westlake, Texas.
3 min read · 07 August 2019
DG3 Group, a portfolio company of Resilience Capital, has acquired the print related assets of UK commercial printer Newnorth Print Limited. No financial terms were disclosed.
3 min read · 06 August 2019
