Private Equity
Bain Capital Credit has provided a $75 million credit facility for Westminster, Colorado-based Air Comm Corporation, a provider of mission-critical components and fully engineered solutions for commercial and military aerospace customers. Bain Capital Credit was the sole lead arranger and administrative agent. SPP Capital Partners and ANV Partners were financial advisers to Air Comm on the transaction.
2 min read · 29 July 2019
Covius Holdings, a provider of technology-enabled services for the financial services industry, has closed its previously announced acquisition of certain businesses from Chronos Solutions. The businesses include Chronos Solutions’ credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction and homeowners association tracking units. No financial terms were disclosed. Covius is backed by Aquiline Capital Partners and New Residential Investment Corp.
3 min read · 29 July 2019
Thomson Reuters (TSX, NYSE: TRI) said it and U.S. private equity firm Blackstone Group are in discussions to sell Refinitiv to the London Stock Exchange Group plc (LSEG) for about US$27 billion, confirming an earlier report. It is expected the deal would result in Thomson Reuters holding an about 15 percent stake in LSEG. Refinitiv, a London, U.K.-based provider of financial markets data and infrastructure, emerged last year with the acquisition of Thomson Reuters' financial and risk unit by a group led by Blackstone. Canada Pension Plan Investment Board was among the investors. Thomson Reuters is controlled by Canada’s Thomson family.
2 min read · 29 July 2019
2 min read · 29 July 2019
Press Ganey Associates Inc, a South Bend, Indiana-based provider of patient experience measurement and performance improvement solutions, has been acquired by a consortium of private equity investors. Ares Management Corp and Leonard Green & Partners led the consortium and were joined by British Columbia Investment Management Corp (BCI) and others. Terms weren't disclosed. The seller was EQT Partners, which acquired Press Ganey in 2016. Established in 1985, Press Ganey works with more than 41,000 healthcare organizations.
5 min read · 26 July 2019
The Japanese tech giant has received memorandums of understanding from the likes of Microsoft, Apple and Dai-ichi Life Insurance Company.
2 min read · 26 July 2019
The firm, which is gearing up to launch its three largest funds, expects AUM to ‘compound significantly’ on the back of increased distribution efforts and more mature track records.
2 min read · 25 July 2019
The firm raised about €700m in third-party capital for Eurazeo Capital IV, with the €1.8bn remainder coming from its balance sheet.
2 min read · 25 July 2019
Houlihan Lokey and Blackstone departures; CPPIB targets TPG Growth II; and CalSTRS' "rollercoaster year". Here’s today's brief, for our valued subscribers only.
3 min read · 25 July 2019
2 min read · 24 July 2019
