Welsh, Carson, Anderson & Stowe related stories
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WCAS beefs up staff with three additionsWelsh, Carson, Anderson & Stowe has expanded its team with three new hires. The firm has added Ian MacLeod, Sandeep Sahai and Rick Willett to its resources group. MacLeod is a former head of global software & services and partner at Qatalyst Partners while Sahai is a former president and CEO of Headstrong. And, Willett is a former president and CEO of Ascend Learning.
- Revel Systems raised about $100 mln from Welsh Carson, others
Revel Systems said it raised about $100 million of Series C funding from private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors. The round includes a direct $65 million investment from WCAS and an additional $25 million equity line from WCAS. WCAS General Partner Sanjay Swani will join the board.
- WCAS books 3.1x on Matrix Medical Network
The company will sell to Providence Service Corporation for $400 million
- WCAS sells Matrix to Providence Service Corp. for $400 mln
Providence Service Corp. has completed its acquisition of Matrix Medical Network from Welsh, Carson, Anderson & Stowe for $400 million. Based in Scottsdale, Arizona, Matrix is a provider of in-home health assessments and care management solutions.
- Sponsors big and small take aim at healthcare costs
Founded by veterans of J.P. Morgan Partners, Consonance Capital Partners over the summer wasted little time in starting to deploy a first fund of $500 million.
Top 10 PE posts: Secondaries poised to top $35 bln, Culpeper ceases new deals, Vista closes big fund and deal in same weekTrending in private equity this week: the mushrooming market for secondaries, Culpeper Capital, Vista Equity, Blackstone, jobs of the week, more.
- Vista Equity buys TransFirst from WCAS
Welsh, Carson, Anderson & Stowe has sold TransFirst to Vista Equity Partners. No financial terms were disclosed. Based in Hauppauge, NY, TransFirst is a provider of of payment tech solutions to merchants in the U.S.
- Vista Equity in talks to acquire TransFirst, say sources-Reuters
Buyout firm Vista Equity Partners is in talks to acquire TransFirst Inc, a payment processing company that has filed for an initial public offering, for as much as $1.5 billion including debt, sources tell Reuters.
- Welsh, Carson completes 820 mln euro sale of GlobalCollect
Welsh, Carson, Anderson & Stowe has completed the sale of portfolio company online payments company GlobalCollect for 820 million euros to Ingenico Group. Welsh Carson bought GlobalCollect in May 2010. The sale generated proceeds of about $815 million, which will be distributed to partners. The firm distributed about $160 million after a debt recapitalization of GlobalCollect.
- WCAS exits GlobalCollect for €820m
Welsh, Carson, Anderson and Stowe will sell the e-payments provider to Ingenico Group