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Thoma Bravo completes Planview acquisitionThoma Bravo closed its previously announced buyout of Planview from Insight Venture Partners. No financial terms were disclosed. According to terms of the deal, Thoma Bravo will become Planview’s new majority owner while Insight Venture Partners will retain a minority stake in the company. Based in Austin, Texas, Planview is a provider of work and resource management solutions.
- Canada pension fund, U.S. buyout firms eye DH Corp: Reuters
Canada Pension Plan Investment Board and several U.S. private equity firms are interested in acquiring Canadian financial technology services provider DH Corp (DH.TO), sources told Reuters.
CPPIB, U.S. private equity firms eye DH Corp: ReutersCanada Pension Plan Investment Board and several U.S. private equity firms are interested in acquiring Canadian financial technology services provider DH Corp, sources told Reuters. TPG, Cerberus Capital Management LP and technology-focused Thoma Bravo are some of the U.S. buyout firms looking at DH, the sources said. The moves come more than a month after DH appointed a special committee as it received expressions of interest. The Toronto-based company is currently valued at $2.48 billion.
- Twin Bridge adds two associates to team
Twin Bridge Capital Partners has hired Megan Condon and Daniel Quintana as associates. Previously, Cordon worked at Logan Circle Partners, a Fortress Investment Group affiliate, where she served as a credit research associate while Quintana was a senior analyst in strategy consulting for Aon Risk Solutions.
- Clearlake completes Landesk buyout
Clearlake Capital Group has closed its previously announced acquisition of Salt Lake City-based Landesk, a management software provider, from Thoma Bravo. No financial terms were disclosed. Clearlake will merge Landesk with portfolio company Heat Software. The combined entity will be called Ivanti.
- Thoma Bravo to acquire Planview
Thoma Bravo has agreed to acquire Planview from Insight Venture Partners. No financial terms were disclosed. According to terms of the deal, Thoma Bravo will become Planview's new majority owner while Insight Venture Partners will maintain its original 2014 investment. William Blair is providing financial advice to Insight Venture Partners and Planview on the transaction. Based in Austin, Texas, Planview is a provider of work and resource management solutions.
Top 2016 Canadian private equity deals secure $10.8 blnCanada’s top 10 private equity deals in 2016 reflected values of more than $10.8 billion, down 11 percent from the $12.2 billion invested in the top 10 deals in 2015. That number is based on PE Hub Canada’s list of the largest deals announced last year, supplemented by preliminary Thomson Reuters data. It suggests that PE dollar flows in Canada’s market declined in 2016, relative to a year ago, as they reportedly did on a global basis.
- Bain Capital Ventures taps Choi as MD
Bain Capital Ventures has hired Yumin Choi as a managing director leading the firm's healthcare investments. Previously, Choi worked at HLM Venture Partners where he specialized in healthcare investments.
- Riverside Partners promotes four
Riverside Partners has promoted Michelle Noon and Max Osofsky to general partner. Also, the Boston-based middle-market private equity firm has upped David Del Papa to partner and Chris Ryan to principal. According to the firm, the promotions will beef up its investment team as they continue to deploy Riverside's fifth fund, which closed at $561 million.
- Five trends to watch in 2017
How will the private equity industry develop in the year ahead?