- 04/19/19: California American Water Signs Contract to Acquire East Pasadena Water Company
SAN DIEGO--(BUSINESS WIRE)--California American Water, a subsidiary of American Water (NYSE: AWK), has entered into an agreement to acquire the assets of the East Pasadena Water Company. Following the completion of the sale, California American Water will become the new water provider to approximately 10,000 residents in Temple City, Arcadia and the East Pasadena area. "We are pleased to have entered into a contract and look forward to serving customers in the East Pasadena Water Company servic - Source: Business Wire Merger/Acquisition News
- 04/19/19: Surge acquires Access
Surge Private Equity has acquired Texas-based Access, a network of dentistry practices. The value of the deal was over $30 million. The seller was Dr. Tien Phan who will retain a "significant" stake in the business. Corbel Capital Partners provided the financing for the deal. - Source: PE Deals – PE Hub
- 04/19/19: VC-backed CloudBees buys Electric Cloud
CloudBees has acquired Electric Cloud, a provider of continuous delivery and application release automation solutions. No financial terms were disclosed. CloudBees is backed by Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Delta-v Capital, Golub Capital and Unusual Ventures. - Source: M&A – PE Hub
- 04/18/19: Sumeru invests in 3Gtms
Sumeru Equity Partners has made an investment in Shelton, Connecticut-based 3Gtms, a provider of Tier 1 transportation management software solutions. No financial terms were disclosed. PJ Solomon served as financial adviser to 3Gtms on the transaction. - Source: PE Deals – PE Hub
- 04/18/19: Thoma Bravo completes take-private Ellie Mae buyout
Thoma Bravo has closed its take-private acquisition of Ellie Mae, a platform for the mortgage finance industry, for $99 per share. As a result of the closing, Ellie Mae is no longer trading on the New York Stock Exchange. J.P. Morgan Securities LLC served as financial adviser to Ellie Mae on the deal while Jefferies LLC did likewise for Thoma Bravo. - Source: PE Deals – PE Hub
- 04/18/19: ITE to sell ARI’s manufacturing business assets to Greenbrier
ITE Management LP has agreed to sell American Railcar Industries' manufacturing business assets to Greenbrier for $430 million. Deutsche Bank Securities Inc was financial adviser to ARI on the transaction while Willkie Farr & Gallagher acted as legal counsel. - Source: M&A – PE Hub
- 04/18/19: Osram in “good talks” with Bain, Carlyle after report of bid doubts: Reuters
German lighting group Osram said on Thursday that talks with Bain Capital and Carlyle Group were continuing, after Manager Magazin said the private equity firms could walk away from a possible takeover. - Source: PE Deals – PE Hub
- 04/18/19: China’s Luckin Coffee raises $150 mln from BlackRock, others: Reuters
China’s Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion. - Source: PE Deals – PE Hub
- 04/18/19: Cinven to divest remaining stake in Visma to Hg and CPPIB
Cinven has agreed to sell its remaining stake in Visma to Hg and Canada Pension Plan Investment Board. No financial terms were disclosed. Visma is a provider of business software to small and medium-sized companies, retailers and local authorities across the Nordic, Benelux and Baltic regions. - Source: PE Deals – PE Hub
- 04/18/19: Online fashion retailer Pink Lily inks PE funding
Bowling Green, Kentucky-based Pink Lily, an online fashion retailer, has secured an undisclosed amount of private equity funding. The investors were not named. - Source: PE Deals – PE Hub
- 04/18/19: Colony completes buyout of Abraaj’s Latin American PE platform
Colony Capital Inc has completed its previously announced acquisition of Abraaj Group's private equity platform in Latin America. No financial terms were disclosed. The acquired platform has been renamed Colony Latam Partners and will continue to be headed by its senior management team led by Miguel Olea, Hector Martinez, Gerardo Mendoza and Eduardo Cortina. - Source: PE Deals – PE Hub
- 04/18/19: Blackstone nearly doubles target of minority stakes fund: New York Post
Blackstone Group has nearly doubled the target of its fund that takes stakes in hedge funds, real estate and other buyout firms to $6 billion, the New York Post reported April 17. The original projected size of the pool was roughly $3.3 billion, the story said. - Source: PE Deals – PE Hub
- 04/17/19: Mastercard buys Vyze
Mastercard said April 16 that it acquired Vyze. Financial terms weren’t announced. Vyze, of Austin, connects merchants with lenders, helping them to offer customers credit options online and in-store. Vyze has raised about $50 million in funding from VCs including Austin Ventures, Fathom Capital and Starvest Partners, PitchBook said. - Source: M&A – PE Hub
- 04/17/19: Polaris backs Emergency Reporting
Polaris Growth Fund has made an investment in Bellingham, Washington-based Emergency Reporting, a provider of reporting and records management software for fire and EMS agencies. No financial terms were disclosed. Cascadia Capital was financial adviser to Emergency Reporting on the transaction. - Source: PE Deals – PE Hub
- 04/17/19: Marlin acquires Skuid
Marlin Equity Partners has recapitalized Chattanooga, Tennessee-based Skuid Inc, a no-code, design first cloud application development platform. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 04/17/19: Aramco plans to buy Shell’s stake in Saudi refining JV, say sources: Reuters
Saudi Aramco plans to buy Royal Dutch Shell’s 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources told Reuters. - Source: PE Deals – PE Hub
- 04/17/19: North Castle invests in Maya Kaimal Foods
North Castle Partners has made an investment in Maya Kaimal Foods, an Indian food company. No financial terms were disclosed. The Giannuzzi Group LLP provided legal counsel to Maya Kaimal while Morrison Cohen LLP did likewise for North Castle Partners. - Source: PE Deals – PE Hub
- 04/17/19: TPG-led investor group to invest in jewelry brand APM Monaco
A TPG-led investor group has agreed to invest in APM Monaco, a jewelry brand. No financial terms were disclosed. According to terms of the deal, TPG and its partners China Synergy and Trail will acquire a minority stake in APM Monaco. Natixis provided financial advice to APM Monaco on the transaction. - Source: PE Deals – PE Hub
- 04/17/19: EMV Capital acquires digital health firm Wanda Inc
EMV Capital has acquired San Francisco-based Wanda Inc, a digital health company. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 04/17/19: Bryan, Garnier & Co acquires Beringer Finance
Bryan, Garnier & Co has acquired Beringer Finance, a Nordic-focused investment bank. No financial terms were disclosed. - Source: M&A – PE Hub
- 04/17/19: PE-backed ETech buys Superior Controls
E-Technologies Group, a portfolio company of Falfurrias Capital Partners, has acquired Seabrook, New Hampshire-based Superior Controls Inc, a provider of automation and control systems integration services to the life sciences industry. No financial terms were disclosed. - Source: M&A – PE Hub
- 04/17/19: Meketa and PCA merge
Investment consulting and advisory firms Meketa Investment Group Inc and Pension Consulting Alliance LLChave merged. No financial terms were disclosed. The newly combined companies will be known as Meketa Investment Group Inc. Also, PCA founder and Managing Director Allan Emkin and PCA Managing Director Christy Fields have now joined Meketa’s board of directors while PCA Managing Directors Judy Chambers and Neil Rue are now members of Meketa’s executive committee. - Source: M&A – PE Hub
- 04/17/19: New Mountain weighs Equian sale: Bloomberg
New Mountain Capital is considering whether to sell Equian LLC, a healthcare payments company, Bloomberg reported. A sale of Equian could fetch about $3.5 billion, the story said. - Source: PE Deals – PE Hub
- 04/17/19: Sverica Capital invests in Stream Cos
Sverica Capital Management LP said April 17 that it invested in Stream Cos LLC. Financial terms weren’t announced. Stream, of Malvern, Pennsylvania, is a marketing solutions provider primarily serving the automotive industry. - Source: PE Deals – PE Hub
- 04/17/19: Marquee Brands to buy Martha Stewart, Emeril Lagasse brands
Marquee Brands LLC, which is backed Neuberger Berman, has agreed to buy the Martha Stewart and Emeril Lagasse brands and all related intellectual property from Sequential Brands Group. Financial terms weren’t announced. Martha Stewart is joining the Marquee Brands team and continue to guide the brand she founded. The Emeril Lagasse brand has used by home cooks and professional chefs since Lagasse, a chef, opened Emeril's Restaurant in 1990. - Source: M&A – PE Hub
- 04/16/19: Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm will own the U.S. food retailer. - Source: PE Deals – PE Hub
- 04/16/19: Variant Equity buys Coach USA for about $271.4 mln
Variant Equity has acquired Coach USA from Stagecoach Group plc for about $271.4 million. RBC Capital Markets was financial adviser to Stagecoach Group plc on the transaction. Based in Paramus, New Jersey, Coach USA is a provider of passenger transportation and mobility services. - Source: PE Deals – PE Hub
- 04/16/19: Abry-backed THG acquires Walker Brothers Insurance Inc
The Hilb Group LLC, a portfolio company of Abry Partners, has acquired Arkansas-based Walker Brothers Insurance Inc, a retail agency primarily focused on commercial property and casualty insurance for small to medium-sized businesses. No financial terms were disclosed. - Source: M&A – PE Hub
- 04/16/19: CIVC invests in Computer Aided Technology
CIVC Partners has made an investment in Buffalo Grove, Illinois-based Computer Aided Technology, a provider of 3D design and engineering solutions. No financial terms were disclosed. Lincoln International LLC served as financial adviser to CATI on the transaction. - Source: PE Deals – PE Hub
- 04/16/19: PE-backed Sentrics acquires SeniorTV and Silversphere
Austin-based Sentrics, a tech provider for senior living communities, has made two acquisitions: SeniorTV, a provider of affordable television entertainment, community-specific programming, Wi-Fi and voice solutions for senior living communities; and Silversphere, a supplier of interconnected safety solutions to senior living communities. No financial terms were disclosed. Sentrics is a portfolio company of Periscope Equity. - Source: M&A – PE Hub
- 04/16/19: Genstar-backed Pretium acquires Olcott
Pretium Packaging, which is backed by Genstar Capital, has acquired St. Charles, Illinois-based Olcott Plastics Inc, a provider of packaging to beauty and healthcare companies. No financial terms were disclosed. P&M Corporate Finance served as financial adviser to Olcott on the transaction. - Source: M&A – PE Hub
- 04/16/19: Americold to buy Cloverleaf for $1.24 bln
Americold has agreed to acquire Cloverleaf, a cold storage provider, for $1.24 billion. The sellers include Blackstone. The deal is expected to close in the second quarter of 2019. BofA Merrill Lynch and Goldman Sachs are acting as financial advisers to Americold while Wells Fargo Securities and Deutsche Bank Securities Inc did likewise for Cloverleaf and Blackstone. - Source: M&A – PE Hub
- 04/16/19: Bridges invests in opioid treatment program provider Sunrise
Bridges Fund Management has made an investment in Sunrise, a medication-assisted treatment and behavioral counseling programs to individuals suffering from opioid use disorder. No financial terms were disclosed. Stifel was financial adviser to Sunrise on the transaction. - Source: PE Deals – PE Hub
- 04/16/19: Bridges exits Stone Road
Seacoast Capital has exited its investment in Stone Road, a New England regional provider of commercial and residential heating oil and propane. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 04/16/19: Skyview-backed Continuum Global Solutions acquires King TeleServices
Continuum Global Solutions LLC, which is backed by Skyview Capital LLC, has acquired Brooklyn, New York-based King TeleServices, a provider of contact center services. The seller was AST Financial. No financial terms were disclosed. - Source: M&A – PE Hub
- 04/16/19: Frazier buys Comprehensive Pharmacy Services
Frazier Healthcare Partners has acquired Comprehensive Pharmacy Services, a provider of enterprise pharmacy solutions to hospitals and health systems. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 04/16/19: Arbor exits Fieldbrook Foods
Arbor Investments said April 16 that it sold Fieldbrook Foods to Wells Enterprises Inc. Financial terms weren’t announced. Fieldbrook, of Dunkirk, New York, makes ice cream and frozen novelty products including ice cream sandwiches, cups, cones and stick novelties. - Source: M&A – PE Hub
- 04/16/19: Symplr closes IntelliSoft Group buy
Symplr said April 16 that it completed its buy of IntelliSoft Group. Financial terms weren’t announced. IntelliSoft, of Nashua, New Hampshire, provides medical credentialing, provider enrollment, and contract management software in combination with CVO services. Symplr is backed by Clearlake Capital Group and SkyKnight Capital. - Source: M&A – PE Hub
- 04/16/19: Changing the perception of private equity
By Tim Fazio, Atlas Holdings The public perceives private equity along a storyline like this: A PE firm buys a business, lades it with unsustainable amounts of debt from undisciplined lenders, and strips out cash to pay itself and its partners a large dividend. Eventually, the business goes bankrupt, leaving behind fractured communities and thousands […] - Source: PE Deals – PE Hub
- 04/16/19: EQT weighs selling minority stake to outside investor: Bloomberg
EQT Partners added banks Goldman Sachs and Morgan Stanley to its lineup of banks advising on a review that could lead to an IPO, Bloomberg said. EQT is also considering selling a minority stake in the firm to a strategic investor, the story said. - Source: PE Deals – PE Hub
- 04/16/19: Centerbridge weighs options for Reddy Ice: Bloomberg
Centerbridge Partners is considering options for Reddy Ice Holdings Inc, including a sale, Bloomberg is reporting. A process is expected in the second half, the story said. - Source: PE Deals – PE Hub
- 04/16/19: Clearlake seeks buyer for Perforce Software: Bloomberg
Clearlake Capital has put Perforce Software up for sale and the process could fetch about $2 billion, Bloomberg reported. Clearlake has hired an adviser for the transaction, the story said. Perforce produces about $165 million in EBITDA, Bloomberg said. - Source: PE Deals – PE Hub
- 04/15/19: Silvercrest to acquire Cortina
Silvercrest Asset Management Group, an investment adviser, has agreed to acquire Milwaukee-based Cortina Asset Management LLC, an asset manager. No financial terms were disclosed. - Source: M&A – PE Hub
- 04/15/19: Encore backs fresh produce distributor Tourtellot
Encore Consumer Capital has made an investment in Warwick, Rhode Island-based Tourtellot, a provider of fresh produce to retail grocery customers. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 04/15/19: TA Services completes Celadon Logistics acquisition
TA Services Inc, PS Logistics' third-party logistics and brokerage unit, has acquired Indianapolis-based Celadon Logistics, a 3PL provider of managed transportation, supply chain and warehousing services. The seller was Celadon Group Inc. No financial terms were disclosed. PS Logistics is a portfolio company of One Equity Partners. - Source: M&A – PE Hub
- 04/15/19: SHO Products acquires cannabis brands distributor Master Minded
Los Angeles-based SHO Products, a equipment and technology provider for solventless extraction equipment, has acquired Master Minded Distribution, a distributor of cannabis brands. No financial terms were disclosed. The acquisition follows SHO's recent announcement that it raised $3.6 million in Series A funding. - Source: M&A – PE Hub
- 04/15/19: RWS acquires Sustainable Solutions Group
Recycling and Waste Solutions, a portfolio company of Atar Capital, has acquired Woodstock, Georgia-based Sustainable Solutions Group, a provider of recycling, waste and sustainability programs for regional and national companies. - Source: M&A – PE Hub
- 04/15/19: VC-backed TeleSense buys Webstech
TeleSense has acquired Webstech, a Danish wireless sensor tech company. No financial terms were disclosed. TeleSense's backers include Finistere Ventures, Congruent Ventures, Maersk Growth, Rabobank’s Food & Agri Innovation Fund, Radicle Growth, Trailhead Capital and Plug and Play Ventures. - Source: M&A – PE Hub
- 04/15/19: Siris Capital to buy Electronics For Imaging for $1.6 billion: Reuters
Digital printing company Electronics For Imaging Inc said on Monday private equity firm Siris Capital Group LLC would buy the company for about $1.6 billion in cash. - Source: PE Deals – PE Hub
- 04/15/19: L Catterton invests in hot sauce provider Cholula
L Catterton has made an investment in Cholula, a provider of hot sauce. No financial terms were disclosed. - Source: PE Deals – PE Hub
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