PE Hub
SEPTEMBER 13, 2023
Smith & Reid Insurance Brokers and O’Neil Insurance Brokers are both headquartered in Ottawa. The post Eurazeo-backed BMS picks up two Canadian insurance brokers appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Mubadala Investment Company , Abu Dhabi’s sovereign investment arm, has formed a strategic partnership with New York-based alternative asset manager Blue Owl Capital as it seeks to co-invest in private credit opportunities amid a tightening monetary environment around the world. The partnership was established with a $1bn commitment to Blue Owl’s credit platform and will initially focus on its technology lending strategy, which provides financing solutions for several technology and software
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PE Hub
SEPTEMBER 13, 2023
Based in New York City, Arax is a wealth management firm. The post RedBird-backed Arax Investment Partners to buy financial advisor Ashton Thomas Private Wealth appeared first on PE Hub.
Private Equity Professional
SEPTEMBER 13, 2023
Dunes Point Capital has acquired Warshaw Supply, a supplier of electrical products used in the commercial and multi-family end markets. Warshaw has an extensive catalog of products ranging from simple electrical boxes, covers and conduit to sophisticated cords, cabling, lighting and wiring. According to Warshaw, almost every electrical distributor in its territory purchases one or… This content is for members only.
PE Hub
SEPTEMBER 13, 2023
The office will be led by Firas Mallah, a Sagard managing director and head of the Middle East. The post Sagard launches first Mideast office in Abu Dhabi appeared first on PE Hub.
Private Equity Professional
SEPTEMBER 13, 2023
Dubin Clark has sold its portfolio company InProduction, a provider of rental staging and seating, to ZMC Management. Dubin Clark first invested in InProduction – then Michigan-based SGA Production Services – in 2015 and closed four add-on acquisitions during its ownership term. The first add-on was the buy of T&B Equipment Company, a Virginia-based provider… This content is for members only.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Professional
SEPTEMBER 13, 2023
Maury Microwave, a portfolio company of Artemis since June 2021, has acquired publicly traded Wireless Telecom Group. Wireless Telecom (NYSE American: WTT) is a designer and manufacturer of advanced RF and microwave communication equipment used in aerospace, defense, telecommunications, medical, and semiconductor applications. The company is headquartered near New York City in Parsippany, New Jersey,… This content is for members only.
PE Hub
SEPTEMBER 13, 2023
Dallas-based Venture Metals is a provider of high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors. The post Mill Rock Capital-backed Venture Metals taps Shaddox as CEO appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Avantax shareholders will be cashed out at $26 per share and the tax-focused broker/dealer will operate as separate unit within Cetera. Avantax, the $84bn, tax-focused wealth management firm formerly known as Blucora , will be taken private in an all-cash sale to Cetera Holdings for $1.2bn. In a deal expected to close by the end of the year, Avantax will be de-listed from the Nasdaq exchange and become a standalone business unit within the Cetera Wealth Management Group ecosystem, with Cetera
PE Hub
SEPTEMBER 13, 2023
The transaction is expected to close in the fourth quarter of this year. The post PSP-backed FirstLight Power to acquire clean power producer Hydroméga appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
The supermarket chain Wm Morrison is in talks about a £2bn deal to offload one of Britain’s biggest petrol forecourts empires. Sky News has learnt the grocer has opened discussions with Motor Fuel Group (MFG) about a deal, with an agreement possible during the autumn. Both Morrisons and MFG are controlled by the private equity firm Clayton Dubilier & Rice (CD&R), and sources said the talks were focused on a transaction with an enterprise value of up to £2.5bn.
PE Hub
SEPTEMBER 13, 2023
Motive Partners acquired a majority stake in investment data provider With Intelligence in July in a £400m deal. The post Motive Partners: New SEC rules will drive demand for financial data appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Australia’s biggest private hospital operator Ramsay Health Care Ltd and Malaysian conglomerate Sime Darby Bhd have shortlisted candidates for the sale of their hospital unit, which could fetch about US$1.5 billion in a deal, according to people with knowledge of the matter. TPG Inc-backed hospital group Columbia Asia Sdn Bhd and Sunway Medical Centre, a unit of Kuala Lumpur-listed Sunway Bhd, were picked to proceed to the next round of bidding, said the people.
PE Hub
SEPTEMBER 13, 2023
In conjunction with this investment, PSG Managing Director Marco Ferrari and Principal Chris Nesbitt will join Versatile's board of directors. The post Software firm picks up investment from PSG appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
USI Insurance Services, a leader in risk management, employee benefits and retirement consulting announced that existing shareholder KKR is making a new equity investment of more than $1bn in the Company. KKR and CDPQ acquired USI in 2017 in partnership with USI’s management and employees. Over the past six years, USI has successfully executed numerous growth initiatives and transformative acquisitions to extend its leadership position in insurance brokerage and consulting with a broad range of
PE Hub
SEPTEMBER 13, 2023
John Schaefer and David Dahle serve as co-owners of Longstreth. The post Roebling Capital Partners invests in field hockey distributor Longstreth Sporting Goods appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Bacardi Limited, the world’s largest privately-owned international spirits company, announced it acquired ILEGAL Mezcal, a renowned super-premium artisanal mezcal brand. While terms of the transaction were not disclosed, prior reports from Bloomberg News indicated that the acquisition was less than $200m – possibly in the $120-$130m range.
PE Hub
SEPTEMBER 13, 2023
Kevin Bong is leading AIMCo in Asia, serving as senior managing director, chief investment strategist and head of Singapore. The post AIMCo opens Singapore office appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Waya is automating the Northern European invoice lifecycle-& debt collection industry by buying companies in that sector. Join them on their journey! Waya Finance & Technology is a B2B FinTech Saas business, based in Stockholm Sweden, and they have developed a new and highly exciting invoice lifecycle automation platform. Waya is now looking to buy companies to automate.
PE Hub
SEPTEMBER 13, 2023
Also, Palladium has named Dale O’Connell as managing director, co-head of fundraising and investor relations. The post Palladium promotes Funk, Mitchell and Lehman to partner appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Miami-based 777 Partners close to agreeing a deal to take over Everton; multi-club investors have been in discussions with Everton majority shareholder Farhad Moshiri since talks collapsed with MSP Sports Capital last month; 777 are involved with Sevilla, Hertha Berlin and Standard Liege The move by 777 would be a full takeover, once all the Premier League requirements are met, which could take several months to complete.
PE Hub
SEPTEMBER 13, 2023
Also, Joseph Mrak III has joined Foundation Source as CEO. The post GTCR snaps up foundation management services firm Foundation Source appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Private equity investors TPG, Tokyo Electric Power Company (Tepco), and Brookfield are in advanced discussions to acquire a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, a newspaper report has said. It is likely that a deal with two of these funds will be finalised in the coming weeks, the Economic Times reported, citing sources.
PE Hub
SEPTEMBER 13, 2023
The Senate dissects SEC's new private funds rules. The post Senators probe SEC chair on private fund rules; Motive Partners sees opportunities with enhanced regulations appeared first on PE Hub.
Private Equity Insights
SEPTEMBER 13, 2023
Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and non-banking financial institutions, has raised $229m in a new funding round as it looks to deepen its expansion in North America and Europe. The 15-year-old startup’s Series D funding was led by Indian private equity firm Kedaara Capital. The new funding included some secondary sales, but the startup didn’t specify the amount.
PE Hub
SEPTEMBER 13, 2023
Advantive was formed in 2022 by TA Associates and ST6, a team of software operating executives. The post Insight Partners and OA Private Capital lead growth recap of software firm Advantive appeared first on PE Hub.
Entrepreneur - VC
SEPTEMBER 13, 2023
Bernard Looney, former BP CEO, resigned Wednesday after allegations and an investigation found a failure to disclose certain "personal relationships" with employees.
PE Hub
SEPTEMBER 13, 2023
GoodVets is also backed by SkyKnight Capital. The post General Atlantic invests in vet care platform GoodVets Group appeared first on PE Hub.
Entrepreneur - VC
SEPTEMBER 13, 2023
By implementing even a few strategies into their workday, entrepreneurs and startup founders can level up their leadership skills and stay on top of business priorities.
Private Equity Professional
SEPTEMBER 13, 2023
BV Investment Partners has held a hard cap and above target closing of its latest fund, BV Investment Partners Fund XI LP (Fund XI), with $1.75 billion of capital commitments. The firm’s earlier fund closed in February 2020 at its hard cap of $1.1 billion. Fund XI’s investor base includes sovereign wealth funds, foundations, public… This content is for members only.
Entrepreneur - VC
SEPTEMBER 13, 2023
On the latest episode of the Side Hustle Show podcast, top entrepreneurs weigh in on the offbeat tricks and helpful tools they use to get stuff done.
FinSMEs
SEPTEMBER 13, 2023
Kin, a Chicago, IL-based direct-to-consumer home insurance company, raised $33M in Series D extension funding. The round, which brought the Series D total to $142M and total amount to date to $265M, was led by QED Investors with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business […] The post Kin Raises $33M in Series D Extension appeared first on FinSMEs.
Entrepreneur - VC
SEPTEMBER 13, 2023
The famous Studio City, California residence known as "The Brady Bunch" house recently changed hands from television network HGTV to California resident Tina Trahan.
FinSMEs
SEPTEMBER 13, 2023
Sonera, a Berkeley, CA-based neural data company, raised $11M in Seed funding. The round, which brought the total amount to $20M, was led by Amplify Partners with participation from Abstract Ventures and existing investors Spark Capital, Material Impact, Boom Capital and angel investor Josh Duyan, CTRL-Labs CSO and co-founder and others. The company intends to […] The post Sonera Raises $11M in Seed Funding appeared first on FinSMEs.
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