JMI Equity related stories
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Stone Point to invest in Applied SystemsStone Point Capital has agreed to take a minority stake in Applied Systems, a provider of cloud-based software that powers the business of insurance. No financial terms were disclosed. According to terms of the deal, Hellman & Friedman will retain its majority ownership of Applied Systems. The transaction is expected to close in the fourth quarter of 2017. Evercore and Jefferies served as financial advisers to Applied Systems on the transaction.
- JMI Equity invests in Arena Solutions
Foster City, California-based Arena Solutions, a product development platform provider, has secured an undisclosed amount of funding. The investor was JMI Equity. In addition to the funding, JMI’s Brian Hersman, general partner, and Suken Vakil, principal, will join Arena's board of directors.
- JMI Equity promotes Contrella, Chang
JMI Equity said Aug. 8 that it promoted Larry Contrella to principal and Paul Chang to vice president.
- KKR nears deal to acquire WebMD: Reuters
Private equity firm KKR & Co LLP (KKR.Nhttp://www.reuters.com/finance/stocks/overview?symbol=KKR.N ) is nearing an all-cash deal to acquire WebMD Health Corp, a U.S. online health publisher with a market capitalization of $2.1 billion, Reuters said.
- JMI Equity leads $31 mln round for recruitment software company Yello
Chicago-based Yello, a provider of recruitment software, has raised $31 million in Series C funding. JMI Equity led the round with participation from previous backer First Analysis. In addition to the funding, Peter Arrowsmith, a general partner at JMI Equity, has been appointed to Yello's board of directors.
