Mon.Jun 12, 2023

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Puratos Canada buys Yellow Point-backed Foley’s Chocolates

PE Hub

Foley’s Chocolates is a Richmond, British Columbia-based provider of real chocolate and compound coatings to industrial manufacturers. The post Puratos Canada buys Yellow Point-backed Foley’s Chocolates appeared first on PE Hub.

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Thoma Bravo exits financial risk software company Adenza to Nasdaq for $10.5bn

Private Equity Insights

Nasdaq is acquiring financial risk software company Adenza for $10.5bn in its largest-ever such deal, from private equity firm Thoma Bravo. Adenza, which is owned by private equity firm Thoma Bravo, is expected to generate $590mn in revenue and $300mn in cash flow this year, Nasdaq said. The cash and stock acquisition is expected to “significantly” enhance Nasdaq’s offerings in regulatory technology, compliance and risk management, the company said when announcing the transaction on Monday.

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Trending Sources

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Blackstone acquires out-of-home media operator New Tradition Media

PE Hub

The company’s management team, Evan Richheimer, Bret Richheimer, Vince Mastria and Lu Cerda, will continue to run day-to-day operations of the business and remain significant equity holders after closing. The post Blackstone acquires out-of-home media operator New Tradition Media appeared first on PE Hub.

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Compenswiss: The due diligence process behind a new private debt allocation

Top 1000 Funds

Recent high profile investor losses under score the importance of due diligence. As Compenswiss looks to mandate new private debt managers, chief investment strategist Frank Juliano talks through due diligence processes at the Swiss pension fund.

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Highlander-backed DSS scoops up manufacturer Granite Industries

PE Hub

DSS provides scaffolding, shoring, forming and OEM manufacturing services globally. The post Highlander-backed DSS scoops up manufacturer Granite Industries appeared first on PE Hub.

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A net-zero check-in – how are we doing?

Top 1000 Funds

The net-zero investing journey passed a milestone this May, having already ticked one third of the way towards 2030 goals and one twelfth of the way to 2050 goals. Roger Urwin, co-founder of the Thinking Ahead Institute, enquires how investors and the real economy are really doing.

More Trending

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ibml Acquires Exela Technologies’ IntelliScan Smart Scanning Solutions

FinSMEs

Imaging Business Machines LLC (ibml), a Birmingham, AL-based provider of high-volume, mission-critical digitization and intelligent document processing (IDP) solutions, acquired Exela Technologies’ IntelliScan Smart Scanning Solutions. The amount of the deal was not disclosed. The acquisition provides ibml with an enhanced portfolio of products and expanded service coverage to meet high-volume digitization needs of customers. […] The post ibml Acquires Exela Technologies’ Intel

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NOVA joins hands with Nopetro to develop renewable natural gas

PE Hub

The government is also pushing policy and funding that promote clean energy use. The post NOVA joins hands with Nopetro to develop renewable natural gas appeared first on PE Hub.

Funds 184
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Range Biotechnologies Raises $5.2M in Seed Funding

FinSMEs

Range Biotechnologies, a San Francisco, CA-based proteomics-focused biotech company, raised $5.2M in Seed funding. The round was led by Artis Ventures, with participation from Pear VC, Page One Ventures, Civilization Ventures, Pillar, Four Cities Capital, Hawktail, and others. ARTIS Ventures Partner Ameena El-Bibany has joined the Board. The company intends to use the funds to advance its work in high throughput multiplexed […] The post Range Biotechnologies Raises $5.2M in Seed Funding ap

Funds 94
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Odyssey-backed Service Champions acquires home services firm Seatown Electric

PE Hub

California-based Service Champions is a plumbing, heating and air conditioning services platform. The post Odyssey-backed Service Champions acquires home services firm Seatown Electric appeared first on PE Hub.

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3 Tax Optimization Strategies to Remember for Retirement

Integrity Financial Planning

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement, based on information from sources published between 2022 and 2023. Consider the Tax Structure of Your State and Locality Consider living in a tax-friendly state. [1] Many states offer tax breaks for retirement income or have no income tax, which can help you reduce your tax liabilities in retirement.

Taxes 92
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Avance taps DeVincentis as partner

PE Hub

Previously, he was managing director, head of strategic partnerships and product solutions and a member of the management committee at Crescent Capital Group LP. The post Avance taps DeVincentis as partner appeared first on PE Hub.

Capital 184
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Saudi Arabia spends billions in bid to dominate global games industry

Financial Times M&A

Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power

Bidding 114
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Gearbox recaps software firm Office Timeline

PE Hub

Office Timeline’s Co-Founders Tim Stumbles and Eddy Malik will continue to retain a substantial ownership position in the company. The post Gearbox recaps software firm Office Timeline appeared first on PE Hub.

Companies 176
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Antin Infrastructure makes €866m Opdenergy take-private play

AltAssets

Antin Infrastructure Partners has made an €866m take-private offer for renewable energy developer and producer Opdenergy. The post Antin Infrastructure makes €866m Opdenergy take-private play first appeared on AltAssets Private Equity News.

Buyout 83
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Accordion recruits Hede to head turnaround and restructuring practice

PE Hub

Hede succeeds Jim Weissenborn, who is stepping down as part of a long-planned transition after three years in the role. The post Accordion recruits Hede to head turnaround and restructuring practice appeared first on PE Hub.

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Levine Leichtman buys into Cleversoft, Main Capital exits

AltAssets

Levine Leichtman Capital Partners has agreed an investment in regulatory software provider Cleversoft Group, creating an exit for Main Capital Partners. The post Levine Leichtman buys into Cleversoft, Main Capital exits first appeared on AltAssets Private Equity News.

Capital 83
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Thoma Bravo exits Adenza in cash, shares deal; NOVA Infra sees RNG growth; Partners utilizes generative AI

PE Hub

Thoma Bravo is selling financial services software provider Adenza to Nasdaq for $10.5 billion. The post Thoma Bravo exits Adenza in cash, shares deal; NOVA Infra sees RNG growth; Partners utilizes generative AI appeared first on PE Hub.

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Talk Your Book: The Electrification of America

A Wealth of Common Sense

Today’s Talk Your Book is brought to you by CNIC Funds On today’s show, we spoke with Timothy Kramer, Founder and CEO of CNIC Funds to discuss investing in US Carbon Neutral Power. On today’s show, we discuss: Where the price of electricity is headed Who’s actively trading these products What CNIC funds are composed of Why electricity is uninvestable right now What electricity is most correlated.

Funds 73
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Accel-KKR-backed Energy Services Group acquires Pandell

PE Hub

Pandell is a Calgary-based software-as-a-service land and financial application for the energy sector. The post Accel-KKR-backed Energy Services Group acquires Pandell appeared first on PE Hub.

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EdgeCap Partners picks up stake in Bulgaria-headquartered clinical research organisation Comac Medical

AltAssets

UK and Estonia-based private equity house EdgeCap Partners has picked up a majority stake in Bulgaria-headquartered clinical research organisation Comac Medical. The post EdgeCap Partners picks up stake in Bulgaria-headquartered clinical research organisation Comac Medical first appeared on AltAssets Private Equity News.

Stakes 73
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Thoma Bravo to sell Adenza to Nasdaq for $10.5bn

PE Hub

Based in London and New York, Adenza is a provider of risk management and regulatory software to the financial services industry. The post Thoma Bravo to sell Adenza to Nasdaq for $10.5bn appeared first on PE Hub.

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Nvidia: the new ESG darling

Financial Times: Moral Money

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Frazier-backed SunMed to acquire Avanos Medical’s respiratory health business

PE Hub

Headquartered in Grand Rapids, Michigan, SunMed is a manufacturer and distributor of consumable medical devices for anesthesia and respiratory care. The post Frazier-backed SunMed to acquire Avanos Medical’s respiratory health business appeared first on PE Hub.

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LPs bullish on North America, Europe PE outlook – but many say debt in deals is too high

AltAssets

The majority of limited partners are bullish on North American and European private equity over the next 18 months - but sentiment on Asian buyout remains more lukewarm, data from the latest Coller Capital Barometer report shows. The post LPs bullish on North America, Europe PE outlook – but many say debt in deals is too high first appeared on AltAssets Private Equity News.

Debt 63
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GTCR-backed PC Dreamscape to buy Mediaocean’s media planning tool Lumina

PE Hub

Dreamscape has rebranded to Guideline. The post GTCR-backed PC Dreamscape to buy Mediaocean’s media planning tool Lumina appeared first on PE Hub.

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FTC asks US court to block Microsoft-Activision Blizzard deal

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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DWHP invests in electrophysiology testing devices provider LKC

PE Hub

Dina Dubey is transitioning into the role as CEO. The post DWHP invests in electrophysiology testing devices provider LKC appeared first on PE Hub.

Investing 180
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UK sportswear group Frasers buys stake in AO World

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Stakes 74
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The compelling argument for emerging managers

PE Hub

Key takeaways from the 2023 McGuireWoods conference. The post The compelling argument for emerging managers appeared first on PE Hub.

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Nasdaq to buy Adenza for $10.5bn in US exchange operator’s biggest deal

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Blackstone Announces Majority Investment in New Tradition

Blackstone News

NEW YORK, June 12, 2023 – Blackstone (NYSE:BX) announced today that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have acquired a majority stake in New Tradition Media (“New Tradition” or the “Company”), a leading out-of-home media operator with assets across the nation’s largest markets. Founded in 2010, New Tradition develops, owns and operates premium digital and static signage for leading national brands and advertising agencies.

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How to Buy a Million Dollar Business

Hedgestone

Are you ready to take the plunge into business ownership? If you’re looking to buy a million dollar business, you’re likely in search of a profitable and established company with a proven track record. However, the process of finding and purchasing a business can be complex, and it requires careful planning and preparation. In this article, we’ll explore the steps you need to take to buy a million dollar business and achieve your dreams of business ownership.

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Joy Williams on The Sustainable Finance Conference in Montreal

Pension Pulse

Joy Williams, Executive Director, Financial Institution Transition Planning at GFANZ recently attended a climate conference here in Montreal and shared her views with my readers (these are her views, not of her employer): Sustainable Finance Summit – blog report This year's sustainable finance summit, held last week in Montreal, proclaimed its theme to be "Time for Action: Sustainable Finance Serving the Real-Economy Transition".