JMI Equity related stories
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JMI Equity Pours $30M into BrightLineJMI Equity has made a $30 million investment in BrightLine, a provider of marketing services for the interactive TV advertising sector. JMI will have a minority interest in BrightLine. JMI General Partner Brad Woloson will take a seat on the BrightLine board. New York-based BrightLine’s customers include Unilever, GlaxoSmithKline, Intuit and Cisco.
- Kronos Terminates Deal to Buy Francisco Partners’ API Healthcare
Private equity firms have been increasingly interested in healthcare transactions since sweeping legislation passed by the Obama Administration was enacted to incorporate more Americans into the U.S. healthcare system. However, this time, it was federal regulators that seem to have acted as a catalyst to undo a deal. After the Justice Department detailed antitrust concerns, Kronos, backed by Hellman & Friedman and JMI Equity, the company backed off its agreement to acquire API Healthcare from Francisco Partners.
- AppNeta Secures $6.2M in VC
AppNeta, a cloud-based provider of network performance management technology, has closed on $6.2 million in new venture funding. Investors include Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. The money will help AppNeta expand its cloud-based network performance management service. AppNeta is based in Wellesley Hills, Mass.
- Apax Inks $2B Deal for Epicor, Activant
Today, Apax Partners announced plans to buy two software firms in a combined deal valued at about $2 billion. First, Apax is buying Activant Solutions, a Livermore, Calif.-based provider of enterprise resource planning software for mid-market retailers and distributors. Activant had 2009 revenue of $378.9 million and over 1700 employees, according to the company’s web site. Hellman & Friedman, Thoma Bravo and JMI Equity, which acquired Activant in 2006, are the sellers.
- JMI Equity Invests in PointClickCare
JMI Equity has taken a minority stake in PointClickCare. Financial terms were not announced. PointClickCare, of Mississauga, Ontario, provides an electronic health record platform for the long-term care industry. JMI, with offices in Baltimore and San Diego, is a software and healthcare IT PE firm.
- Adknowledge Raises More Than $200 Mln
Adknowledge said Wednesday that it has raised over $200 million in debt and equity financing. JMI Equity led the equity investment while Bank of America led the debt financing. Adknowledge is a Kansas City-based provider of behavioral online advertising solutions. In 2006, the company secured $48 million in funding from Technology Crossover Ventures.
- Hellman & Friedman Closes $640 Mln Buy of Internet Brands
Hellman & Friedman has completed its previously announced deal to buy Internet Brands. JMI Equity, a buyout shop, is also an investor in the deal. In September, Hellman, a PE firm, announced it was buying Internet Brands, an El Segundo, Calif.-based Internet media companies such as loan.com and carsdirect.com, for $13.35 a share or roughly $640 million.