- 06/26/19: OFG Bancorp to Acquire Scotiabank Operations in Puerto Rico and US Virgin Islands
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) and Scotiabank (NYSE: BNS) today announced the signing of a definitive agreement for OFG’s subsidiary, Oriental Bank, to acquire Scotiabank’s Puerto Rico operation for $550 million in cash and Scotiabank’s US Virgin Island (USVI) branch operation for a $10 million deposit premium. Scotiabank’s Puerto Rico and USVI operations will be merged into Oriental Bank and its related businesses. The acquisition is subject to customary regula - Source: Business Wire Merger/Acquisition News
- 06/26/19: Silver Oak-backed ION acquires e+CancerCare
Integrated Oncology Network LLC, a portfolio company of Silver Oak Services Partners LLC, has acquired e+CancerCare, an operator of outpatient cancer care centers. No financial terms were disclosed. e+CancerCare was backed by Kohlberg and Company. - Source: M&A – PE Hub
- 06/26/19: Tuatara Capital appoints Sherman as MD
Tuatara Capital LP, a private equity firm focused on the legal cannabis industry, has named Sergey Sherman as a managing director on the investment team. Previously, Sherman was managing director at Societe Generale. - Source: PE Deals – PE Hub
- 06/26/19: Quanterix Announces Agreement to Acquire UmanDiagnostics, World’s Leading Neurofilament Light (Nf-L) Antibody Supplier
BILLERICA, Mass.--(BUSINESS WIRE)--Quanterix announces an agreement to acquire UmanDiagnostics a leading Neurofilament Light (Nf-L) antibody supplier. - Source: Business Wire Merger/Acquisition News
- 06/26/19: Goldner Hawn sells Stellar to Clearlake-backed Unifrax
Goldner Hawn has sold Stellar Materials to Unifrax, a portfolio company of Clearlake Capital Group, L.P. No financial terms were disclosed. Based in Boca Raton, Florida, Stellar is a provider of specialty chemicals and materials. - Source: M&A – PE Hub
- 06/26/19: TDR Capital to buy BCA Marketplace for about $2.42 bln: Reuters
TDR Capital is buying UK-based BCA Marketplace, a car auctioneer, Reuters reported. The purchase price is about $2.42 billion. - Source: PE Deals – PE Hub
- 06/26/19: Forterro to buy Abas Software
Forterro, which is backed by Battery Ventures, has agreed to acquire Abas Software, a German ERP vendor. No financial terms were disclosed. - Source: M&A – PE Hub
- 06/26/19: Resurgens funds MackeyRMS
Resurgens Technology Partners has made an investment in MackeyRMS, a capital markets software provider. No financial terms were disclosed. Morgan Partners was financial adviser to MackeyRMS on the transaction. - Source: PE Deals – PE Hub
- 06/26/19: Argentum invests in Centercode
Laguna Hills, California-based Centercode, a provider of customer validation SaaS solutions to global B2C and B2B businesses, has secured an undisclosed amount of funding. The investor was Argentum. In addition to the investment, Michael Ulliman, a principal at Argentum, will join Centercode's board of directors. - Source: PE Deals – PE Hub
- 06/26/19: GrowGen closes $12.8 mln private placement
GrowGen, an owner and operator of specialty retail hydroponic and organic gardening stores, has raised $12.8 million in a private placement. The investors included Gotham Green Partners, Merida Capital Partners, Navy Capital and funds advised by JW Asset Management. - Source: PE Deals – PE Hub
- 06/26/19: Great Hill Partners buys EnterpriseDB
Great Hill Partners has acquired Bedford, Massachusetts-based EnterpriseDB, an enterprise Postgres company. No financial terms were disclosed. Jefferies served as financial adviser to EnterpriseDB on the deal. - Source: PE Deals – PE Hub
- 06/26/19: BIG Language Solutions Launches in Partnership with MSouth Equity Partners to Serve the $50B Global Language Services Industry
ATLANTA & MIAMI--(BUSINESS WIRE)--BIG Language Solutions launches in partnership with MSouth Equity Partners. Acquires Protranslating to serve $50B global language services industry. - Source: Business Wire Merger/Acquisition News
- 06/26/19: Dynamic Map Platform Completes Acquisition of Ushr, Inc.
DETROIT--(BUSINESS WIRE)--Dynamic Map Platform Co., Ltd. of Japan has acquired all shares of US-based Ushr, Inc. and completed all procedures required for the acquisition. - Source: Business Wire Merger/Acquisition News
- 06/26/19: Great Hill to exit Symmetry Holding
Great Hill Partners said June 26 that it agreed to sell its stake in Symmetry Holding Inc to Secure-24 Intermediate Holdings Inc. Financial terms weren’t announced. Secure-24 is a unit of NTT Communications. Symmetry provides enterprise application management, hybrid cloud services and GRC software solutions with a SAP focus. - Source: PE Deals – PE Hub
- 06/26/19: Littlejohn to buy Kaman distribution unit for $700 mln
Kaman Corp said June 26 that it agreed to sell its distribution segment to Littlejohn & Co LLC for $700 million. The $700 million deal is subject to customary closing conditions and working capital adjustments. Kaman’s distribution unit distributes more than six million items including electro-mechanical bearings, power transmission, motion control and electrical and fluid power components, as well as automation and MRO supplies, to customers in virtually every industry. - Source: PE Deals – PE Hub
- 06/26/19: Mill Point Capital buys Anexinet
Mill Point Capital has acquired Anexinet. Financial terms weren’t announced. Anexinet provides digital business solutions. Marlin Equity Partners bought Anexinet in 2014, PitchBook said. - Source: PE Deals – PE Hub
- 06/26/19: Precision Cutting buys majority of CID Performance Tooling
Alleghany Capital Corp said June 24 that it formed Precision Cutting Technologies Inc, which has acquired a majority of CID Performance Tooling Inc. Financial terms weren’t announced. CID, of Saco, Maine, makes precision cutting tools. - Source: M&A – PE Hub
- 06/26/19: Infinix Global Meetings & Events to Acquire MIM, Meetings & Events
PLANO, Texas--(BUSINESS WIRE)--Infinix Global Meetings & Events to Acquire MIM, Meetings & Events - Source: Business Wire Merger/Acquisition News
- 06/26/19: Kinderhook-backed Adell Group buys Powerflow
Adell Group Inc, a portfolio company of Kinderhook Industries LLC, said June 26 that it acquired Powerflow Inc, Powerflow Products Ltd, and Gestion Solutions Plastik Inc. Financial terms weren’t announced. Powerflow, of Buffalo, New York, provides injection-molded plastic accessories sold to automotive vehicle manufacturers and dealers. - Source: M&A – PE Hub
- 06/26/19: Secure-24, an NTT Communications Company, to Acquire Symmetry, Leading SAP Managed Service Provider in the U.S.
TOKYO & SOUTHFIELD, Mich.--(BUSINESS WIRE)--NTT Com and Symmetry announced today that Secure-24 entered into a definitive agreement on June 26 to wholly acquire Symmetry. - Source: Business Wire Merger/Acquisition News
- 06/26/19: Secure-24, an NTT Communications Company, to Acquire Symmetry, Leading SAP Managed Service Provider in the U.S.
TOKYO--(BUSINESS WIRE)--NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), and Symmetry Holding Inc. (Symmetry), a U.S.-based leading provider of SAP managed services, announced today that Secure-24 Intermediate Holdings, Inc. (Secure-24), wholly owned subsidiary of NTT Com, entered into a definitive agreement on June 26 (Japan Standard Time), pursuant to which Secure-24 will wholly acquire Symmetry. Managed s - Source: Business Wire Merger/Acquisition News
- 06/26/19: Accenture to Acquire Privately Held BCT Solutions, Bolstering Its Defence, National Security and Public Safety Services in ANZ
CANBERRA, Australia--(BUSINESS WIRE)--Accenture has entered into an agreement to acquire BCT Solutions. - Source: Business Wire Merger/Acquisition News
- 06/25/19: Accel-KKR sells Vyne to TJC
The Jordan Company has acquired Vyne from Accel-KKR. No financial terms were disclosed. Georgia-based Vyne is a provider of secure health information exchange and electronic healthcare communication management solutions. - Source: PE Deals – PE Hub
- 06/25/19: Cortec recaps Aspen Medical Products
Cortec Group has recapitalized Irvine, California-based Aspen Medical Products LLC, a maker of upper and lower spinal orthopedic bracing products. No financial terms were disclosed. Capstone Headwaters was financial adviser to Aspen. - Source: PE Deals – PE Hub
- 06/25/19: PE-backed Bromford acquires Accrofab
Bromford Industries, which is backed by Liberty Hall Capital Partners, has acquired Accrofab, a provider of complex fabricated and machined engine bracketry for the global aerospace industry. No financial terms were disclosed. - Source: M&A – PE Hub
- 06/25/19: Guidepost Growth Equity takes minority stake in ActiveViam
Guidepost Growth Equity has made a minority investment in ActiveViam, a provider of in-memory data analytics software solutions. No financial terms were disclosed. In addition to the funding, Guidepost's Russ Pyle and Gene Nogi will join the ActiveViam board of directors. - Source: PE Deals – PE Hub
- 06/25/19: PE-led investor group acquires apple cider vinegar producer Bragg
An investor group led by Swander Pace Group, Dragoneer Investment Group and co-investors that include Katy Perry and Orlando Bloom, has acquired Santa Barbara, California-based Bragg Live Food Products Inc, a producer of apple cider vinegar. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 06/25/19: VC-backed Getaround buys Nabobil for $12 mln
Getaround has acquired Norwegian carsharing platform Nabobil for $12 million. Getaround's investors include SoftBank, Menlo Ventures, Braemar Energy Ventures, Asset Plus, Triangle Peak Partners, SPARX Group, Toyota Motor Corporation, Cox Automotive Inc and SAIC Capital. - Source: M&A – PE Hub
- 06/25/19: Karo Pharma buys Swedish consumer healthcare firm Trimb
Karo Pharma AB has acquired Trimb, a Swedish consumer healthcare company, for about $366 million. The deal is expected to close before the end of the year. Trimb was backed by Avista Capital Partners. - Source: M&A – PE Hub
- 06/25/19: LVC invests in Soho Studio Corp
LongueVue Capital has made an investment in New York City-based Soho Studio Corp, a provider of mosaic, tile and specialty interior products. No financial terms were disclosed for the transaction that was done in partnership with Soho Studio Corp CEO and founder Eli Mechlovitz. - Source: PE Deals – PE Hub
- 06/25/19: Lightyear to buy Lendmark Financial from Blackstone: Reuters
Blackstone Group is selling Lendmark Financial Services to Lightyear Capital for about $600 million excluding debt, Reuters is reporting. Lendmark provides consumer credit products to mostly subprime clients, the story said. - Source: PE Deals – PE Hub
- 06/25/19: Lovell Minnick closes investment in oneZero Financial
Lovell Minnick Partners said June 25 that it completed a minority investment in oneZero Financial Systems. Financial terms weren’t announced. OneZero provides software and technology solutions to the foreign exchange trading industry. - Source: PE Deals – PE Hub
- 06/25/19: Vision Innovation buys a majority of Eye Care Specialists
Vision Innovation Partners, the former Chesapeake Eye Care, said June 24 that acquired a majority interest in Eye Care Specialists. Financial terms weren’t announced. Eye Care Specialists is an ophthalmology practice group with nine locations in northeastern Pennsylvania. Vision Innovation Partners is backed by Centre Partners. - Source: M&A – PE Hub
- 06/25/19: Water’s Edge Dermatology buys control of Aqua Plastic Surgery
Water’s Edge Dermatology, a portfolio company of Gryphon Investors, said June 25 that it acquired a controlling stake in Aqua Plastic Surgery. Financial terms weren’t announced. Aqua Plastic, of Jupiter, Florida, is plastic surgery practice. - Source: PE Deals – PE Hub
- 06/25/19: Chico’s eliminates special meetings
Chico's FAS Inc said June 24 that it has taken additional steps to demonstrate its ongoing commitment to strong corporate governance policies and practices. Chico’s has opted out of the control share acquisition statute under the Florida Business Corp Act. The women’s retailer said this eliminates the need for a special meeting and allows all shareholders to freely vote their shares. Chico’s has rebuffed several takeover bids from Sycamore Partners. - Source: PE Deals – PE Hub
- 06/25/19: Credit Suisse to merge InvestLab with Allfunds
Allfunds and Credit Suisse said they have agreed to merge Credit Suisse's InvestLab with Allfunds. Financial terms weren’t announced. Hellman & Friedman and GIC will continue to own a majority of Allfunds, while Credit Suisse will become a minority shareholder with a distribution relationship with Allfunds. The combined business will distribute over 78,000 funds and ETFs to more than 700 distributors across 45 countries and have AuA of more than 500 billion euros. - Source: PE Deals – PE Hub
- 06/25/19: Norwest Equity invests in Arteriors
Norwest Equity Partners invested in Arteriors. Financial terms weren’t announced. Arteriors designs and supplies decorative lighting fixtures, furniture and accessories. - Source: PE Deals – PE Hub
- 06/24/19: Alleghany Capital acquires CID Performance Tooling
Alleghany Capital has acquired a majority stake in Saco, Maine-based CID Performance Tooling, a maker of high-performance solid carbide end mills. No financial terms were disclosed. Also, Alleghany Capital has formed Precision Cutting Technologies, a new holding company for its subsidiaries in the machine tool and consumable cutting tool sectors. - Source: PE Deals – PE Hub
- 06/24/19: Evergreen funds WorkForce Software
Evergreen Coast Capital Corp, the tech-focused private equity arm of Elliott Management Corporation, has made a "significant" investment in WorkForce Software, a provider of cloud-based workforce management solutions. No financial terms were disclosed. As a result of the transaction, Evergreen will become equal partners with WorkForce Software's majority investor Insight Partners. - Source: PE Deals – PE Hub
- 06/24/19: EveryAction buys Blue State Digital’s BSD tools unit
EveryAction, which is backed by Insight Partners, has acquired Blue State Digital's BSD tools division. No financial terms were disclosed. Blue State Digital is a digital agency that focuses on causes and brands.- Source: M&A – PE Hub
- 06/24/19: Palladin acquires 13 Pure Barre studios
Palladin Consumer Retail Partners has acquired 13 Pure Barre studios. No financial terms were disclosed. Backed by Xponential Fitness, Pure Barre is a fitness franchise. - Source: PE Deals – PE Hub
- 06/24/19: TPG to invest in Harlem Capital Partners
TPG has agree to acquire make an investment in Harlem Capital Partners, an early-stage venture firm. No financial terms were disclosed. - Source: PE Deals – PE Hub
- 06/24/19: Aurora acquires Petroleum Service Corporation
Aurora Capital Partners has acquired Petroleum Service Corporation, a provider of product handling and site logistics services for the petrochemical, refining, midstream and marine transportation sectors. No financial terms were disclosed. Rothschild & Co. served as financial adviser to SGS and PSC, while Piper Jaffray & Co. did likewise for Aurora. - Source: PE Deals – PE Hub
- 06/24/19: L Catterton to buy Del Frisco’s for about $650 mln
L Catterton has agreed to acquire Irving, Texas-based Del Frisco's Restaurant Group, a restaurant operator, for about $650 million. Piper Jaffray & Co served as financial adviser to Del Frisco's and its board of directors with Kirkland & Ellis LLP providing legal counsel. And, Credit Suisse served as financial adviser to L Catterton while Gibson Dunn LLP served as legal adviser. - Source: PE Deals – PE Hub
- 06/24/19: Eldordo Resorts, Caesars Entertainment to merge: Reuters
Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a deal valued at $18 billion including debt, Reuters reported. The deal values Caesars at $13 billion, the story said. - Source: M&A – PE Hub
- 06/24/19: Equistone Partners to buy Vulcain Ingénierie
Equistone Partners Europe said June 24 that it is buying Vulcain Ingénierie. NiXEN Partners, Initiative & Finance are the sellers. Financial terms weren’t announced. Vulcain Ingénierie is a French engineering consultancy group serving the energy and pharmaceuticals sectors. - Source: PE Deals – PE Hub
- 06/24/19: Congruex buys Terra Technologies
Congruex said June 24 that it acquired Terra Technologies LLC. Financial terms weren’t announced. Terra, of McHenry, Illinois, is a specialized civil engineering and construction firm. Congruex is backed by Crestview Partners. - Source: PE Deals – PE Hub
- 06/24/19: Main Capital invests in Onventis
Main Capital said June 24 that it acquired a stake in Onventis. Financial terms weren’t announced. Onventis provides a cloud platform for e-procurement. - Source: PE Deals – PE Hub
- 06/24/19: Align Capital buys majority of E Source
Align Capital Partners said June 24 that it acquired a majority of E Source. Financial terms weren’t announced. E Source, of Boulder, Colorado, provides market intelligence services for utility employees and senior leaders across North America. - Source: PE Deals – PE Hub
- 06/21/19: KKR-backed Radiant completes acquisition of stake in Max Healthcare
Radiant Life Care, which is backed by KKR, has closed its acquisition of a 49.7 percent stake in in Max Healthcare from Life Healthcare. As a result of the transaction, Radiant and Max Healthcare will merge to create the largest hospital network in North India. Max Healthcare is a provider of healthcare services in India. - Source: M&A – PE Hub
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