JMI Equity related stories
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JMI Equity-backed PointClickCare files for IPOOntario-based PointClickCare, a software provider for the senior care industry, has filed for an IPO. The number of shares that will be sold as well as the pricing terms have yet to be set. The company plans on trading the stock on the NASDAQ under the ticker symbol "PCLK" and on the Toronto Stock Exchange under the ticker symbol "PCC." J.P. Morgan Securities LLC, Goldman Sachs and RBC Capital Markets LLC are serving as the lead underwriters. PointClickCare is backed by JMI Equity.
- HGGC promotes four
Hudson Smith and Neil White have been promoted to managing director and will play a greater role in leading deals.
- HGGC promotes two to MD and two to principal
HGGC has promoted Hudson D. Smith Jr. and Neil H. White to managing director. Also, the middle-market-focused private equity firm has upped Farouk J. Hussein and Steven A. Leistner to principal. Smith, White and Leistner have been with HGGC since 2009 while Hussein joined the firm in 2012.
Accolade Partners hits $200 mln with fifth fund-of-fundsAccolade Partners has raised at least $200 million for its fifth flagship fund-of-funds, surpassing the total raised by Accolade Partners IV by $50 million, according to SEC filings.
- Hellman & Friedman, JMI Equity to exit Ellucian
TPG Capital and Leonard Green Partners have agreed to buy Ellucian. The sellers are Hellman & Friedman and JMI Equity. Financial terms weren’t announced but Reuters valued the deal at $3.5 billion. Fairfax, Virginia-based Ellucian provides software to universities and colleges. Morgan Stanley & Co. LLC, BofA Merrill Lynch, BMO Capital Markets Corp., and Barclays served as financial advisors to TPG and Leonard Green. Credit Suisse and Goldman, Sachs & Co. served as financial advisors to Ellucian.
- JMI leads $123 mln growth funding in Intelex
JMI Equity has led a $C160 million ($122.9 million) growth funding in Intelex, which provides environmental, health, safety and quality management software. HarbourVest also participated in the funding round. David Greenberg, a general partner at JMI, and Rob Wadsworth of HarbourVest, will join Intelex's board.
JMI Equity leads $160 mln funding of software provider IntelexIntelex Technologies Inc, a Canadian provider of environmental, health, safety and quality management software, has secured $160 million in funding. The round was led by U.S. growth equity firm JMI Equity and was joined by HarbourVest Partners. With more than 1,000 clients, Intelex's solutions help businesses improve performance, mitigate risk, and ensure compliance with international standards. The round's proceeds will be used to support the Toronto-based company's continued growth. As part of the deal, JMI's David Greenberg, Harry Gruner and Bert Winemiller will join Intelex's board of directors, as will HarbourVest's Rob Wadsworth.
- TPG close to $3.5 billion deal to buy Ellucian: Reuters
Buyout firm TPG Capital LP is in advanced talks to acquire Ellucian Company LP, in a deal that could value the U.S. provider of software to universities and colleges at $3.5 billion, including debt, sources told Reuters News.
- JMI Equity leads $33 mln round for Workfront
Workfront, a provider of enterprise work management solutions, has raised $33 million in funding. JMI Equity led the round with participation from other investors that included Greenspring Global Partners and Atlas Peak.
Giving platform Benevity nets $38 mln in JMI-led Series A roundCalgary-based Benevity, a provider of workplace giving and volunteer management software solutions, has closed $38 million in Series A funding. The investor was JMI Equity, a U.S. growth equity firm. As part of the financing, Bob Nye, a general partner at JMI, has been appointed to the company's board of directors. Founded by CEO Bryan de Lottinville in 2008, Benevity has developed a platform that enables companies to engage their employees and customers around social responsibility and community investment. It said the partnership with JMI will help the company to advance the speed, scale and scope of product innovation and service excellence.