PEG deals that close 2016-08-08


Thoma Bravo “has a long, well-known history as a pioneering private-equity consolidator of fragmented industries.”— CRAIN’S’ CHICAGO BUSINESS MAGAZINE

Thoma Bravo

Text JD Morris at +1 858-869-9483 should you want to fast track your deal at Thoma Bravo, Platinum Equity, TPG, Carlyle Group, and many other private equity funds.  Here are few deals closed in by PEGs recently:

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

 Astra Capital Management has acquired Logix Communications, an Oklahoma City-based provider of fiber-based enterprise voice and data services, from a unit of j2 Global (Nasdaq: JCOM). No financial terms were disclosed, except that additional equity commitments came from Wafra Investment Advisory Group and DB Private Equity, while debt financing was led by Brightwood Capitalwww.logix.com

• Clayton Dubilier & Rice is among those preparing to submit final bids for Leroy-Somer, the alternator business of Emerson Electric (NYSE: EMR), according to Reuters. The deal is expected to be valued at around $1.1 billion, with a pair of Chinese strategics also reportedly interested.

• Crimson Ventures has acquired a minority equity stake in Thrivist LLC, a Franklin, Tenn.-based learning and analytics platform for K-12 schools. No financial terms were disclosed. www.thrivist.com

• Oak Hill Capital Partners has agreed to acquire Oxford Networks, a provider of fiber-optic bandwidth infrastructure services in Maine, New Hampshire and Massachusetts. Sellers include Novacap and Bank Street Capital Partners. No financial terms were disclosed for the deal, following which Oak Hill will merge Oxford Networks with FirstLight Fiber (which Oak Hill agreed to buy in March from Riverside Partners. www.oxfordnetworks.com

• Serent Capital has acquired a minority equity stake in Docutech, an Idaho Falls, Idaho-based provider of compliance and documentation technology. No financial terms were disclosed. www.docutech.com

Thoma Bravo

• Thoma Bravo has completed its previously-announced acquisition of Elemica, a Wayne, Penn.-based supply chain operating network for process industries. No financial terms were disclosed. www.elemica.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Happy Networking,

JD Morris

JD Morris

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Author: JD Morris

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