Welsh, Carson, Anderson & Stowe related stories
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PE-backed Paycom Software files for IPOPaycom Software, which is backed by Welsh, Carson, Anderson & Stowe, has filed for an IPO. The number of shares to be offered as well as the pricing terms have yet to be set. The stock will list on the NYSE under the ticker symbol "PAYC." Barclays Capital and J.P. Morgan Securities are the lead underwriters. Based in Oklahoma City, Paycom is a provider of HR services to businesses nationwide.
- Stone Point Capital backs Enhanced Capital
Enhanced Capital has received an undisclosed investment from Stone Point Capital. Based in New York, Enhanced Capital is a private equity firm that is backed by Vulcan Capital, which manages Paul G. Allen's investments.
- Greenberg's Starr leads $4.4 bln MultiPlan acquisition
Former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings LLC said it had agreed to take over health insurance claims processor MultiPlan Inc in what is by far its biggest private equity investment to date, sister news service Reuters reported.
- Firm that vetted Snowden in new push to sell unit
Altegrity Inc, the provider of background checks for the U.S. government that vetted former spy agency contractor Edward Snowden, has revived talks to sell its unit that screens private-sector employees, two people familiar with the matter told sister news service Reuters.
- Firm that vetted Snowden in new push to sell unit -- Reuters
Providence Equity-backed Altegrity Inc, which owns the provider of background checks for the U.S. government that vetted former spy agency contractor Edward Snowden, has revived talks to sell its unit that screens private-sector employees, two people familiar with the matter said.
- USIS fraud charge a fresh distraction for Providence company Altegrity: UPDATE
Fraud charges by the U.S. Department of Justice against the company that conducted a background check on former National Security Administration contractor Edward Snowden mark a setback for Altegrity Inc, a portfolio company of Providence Equity Partners facing a fresh debt downgrade.
- Linden hires Providence exec(2)
The firm has added two operating executives this year, bringing its team of operating partners to nine.
- Welsh, Carson, Anderson & Stowe hires U.S. Marine in operating group
Welsh, Carson, Anderson & Stowe has hired William Frank as an operating executive in the firm's Resources Group. Frank was most recently an associate principal at McKinsey & Company, where he worked for the past eight years. Prior to McKinsey, Frank served as an infantry officer in the U.S. Marine Corps from 2001 to 2004. Welsh, Carson's Resources Group has grown to about 25 professionals over the last several years.
- Perella Weinberg Partners appoints four partners
Financial services firm Perella Weinberg Partners has named Michael J. Grace, Frances Ni, Vladimir Shendelman and Kevin Stahl as partners. The appointments become effective January 1, 2014.
- Welsh Carson seeking $3 bln for next fund
Welsh Carson Anderson & Stowe is targeting $3 billion for its next fund, according to a source, sister news service peHUB reported.