Pipeline PEG 2018-07-16


Still a Beta Blog and working on a new strategy for 3q2018 format.  However here a few deals that closed!

Private Equity Pipeline

• General Atlantic invested $250 million in Greensilla London-based provider of working capital finance to businesses. The deal values the company at $1.64 billion.

• TA Associates made an investment in Prudent Corporate Advisory Services, an India-based distributor of mutual fund and other wealth products. Financial terms weren’t disclosed.

• SSP Innovations, which is backed by Warren Equity Partners, acquired TC Technology, a Carlsbad, Calif.-based IT services and software company. Financial terms weren’t disclosed.

• RSE Ventures made an investment in Bluestone Lane, an Australia-based lifestyle and hospitality brand. Financial terms weren’t disclosed.

• Arconic (NYSE:ARNC) is receiving takeover interest from private equity firms including Apollo Global Management, according to the Wall Street Journal.

• FTV Capital invested $54.5 million in A-LIGN, a Tampa, Fla.-based provider of security and compliance solutions.

• Arrowhead Engineered Products, which is backed by Riverside Co and Investcorp, acquired Ratioparts, a Germany-based distributor of aftermarket replacement parts for outdoor power equipment and forestry applications.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

Investor Network by JD

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PE Pipeline and MBOs


Our Senior Executive Advisors are here help you with you Management Buy Out  (MBO) plans.  Board Members and CXOs all need to take look at MBO option.

 

DISCLAIMER:

This is a beta blog and we look forward to launching an amazing blog soon!

This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

PE PIPELINE

• Drake Automotive Group, which is backed by Huron Capital, acquired DV8 Offroad, a Riverside, Calif.-based maker of off-road accessories and wheels. Financial terms weren’t disclosed.

• Veritas Capital will buy Cotiviti Holdings Inc (NYSE:COTV) in a deal valued at $4.9 billion, according to Reuters. Read more.

• Bain Capital Private Equity is nearing a deal to buy Varsity Brandsa Memphis, Tenn.-based cheerleading uniform and equipment retailer, for $2.5 billion. Read more.

• CVC is in advanced talks to buy a controlling stake in the pharmaceutical business of Italy’s billionaire Recordati family, according to The Financial Times. The deal would value the company at 3 billion euros ($3.5 billion). Read more (subscription required).

• Morgan Stanley Capital Partners made an investment of an undisclosed amount in Comar, a Voorhees, N.J.-based rigid plastics packaging manufacturer of bottles, containers, liquid dosing devices and closures for the healthcare industry. Financial terms weren’t disclosed.

• Polaris Equity Partners agreed to acquire a majority stake in ProData Consult, a Denmark-based IT consultancy focused on business and IT consultants.

PIPELINE – IPO


IPOs are alive and well!  Here are few this month:

 

• Greensky, an Atlanta, Ga.-based sales platform, raised $874 million in an IPO of 38 million shares priced at $23, an upsized IPO at the tip end of its range (previously, the firmplanned to sell 34.1 million shares priced between $21 to $23). Pacific Investment Management Company and TPG back the firm. Goldman Sachs, J.P. Morgan, and Morgan Stanley are underwriters in the deal. The firm listed as “GSKY” Thursday on the Nasdaq. Read more.

• Focus Financial Partners, a New York-based wealth management firm, filed for an $100 million IPO. The firm posted revenue of $662.9 million in 2017. Goldman Sachs, BofA Merrill Lynch, and KKR are underwriters in the deal. The firm plans to list on the Nasdaq as “FOCS.” Read more.

• Magenta Therapeutics, a Cambridge, Mass.-based focused on bone marrow transplants, filed for a $100 million IPO. J.P. Morgan, Goldman Sachs, and Cowen are underwriters in the deal. The firm has yet to post a revenue. Third Rock Ventures (28.9%), Atlas Venture (17.5%), and Alphabet (12%) back the firm.

• Kezar Life Sciences, a South San Francisco-based small molecule therapeutics maker for autoimmune diseases and cancer, filed for an $80.5 million IPO. The firm has yet to post revenue. Morningside Venture Investments (15.5% pre-offering), Cormorant Asset Managers (9.9%), Onyx Therapeutics (8.4%), and Cowen Healthcare Investments  (7.6%) back the firm. Jefferies, Cowen, Wells Fargo, and William Blair are underwriters in the deal. The firm plans to list on the Nasdaq as “KZR.” Read more.

• Scholar Rock Holding, a Cambridge, Mass.-based biotech developing diseases in which protein growth plays a main factor, raised $75 million in an IPO of 5.36 million shares priced at midpoint of $14 a share. Fidelity (15%), Polaris Venture (14%), ARCH Venture (14%), and Artal International(10%) back the firm. Jefferies, Cowen, and BMO Capital Markets are underwriters in the deal. The firm listed on the Nasdaq as “SPRK” ThursdayRead more.

• Xeris Pharmaceuticals, a Chicago-based Glucagon pen maker, filed for a $75 million IPO. Palmetto Partners (14% pre-offering), Deerfield Management (12.3%), and Redmile Group (12.3%) back the firm. Jefferies, Leerink Partners, RBC Capital, and Mizuho Securities are underwriters in the deal. The company plans to list on the Nasdaq as “XERS.” Read more.

Pipeline – Private Equity 18-03-24

Growth capital and private equity


“The Future will not just happen, you make it happen!”

Again this is just a fun BETA blog website with a few goals.  Our main goal is networking for results!  Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris

Here are a few deals that closed of interest that our Senior Executive Advisors can help provide.

• The Riverside Company acquired Safety First Contracting, a Canada-based provider of traffic management solutions for utilities, utility contractors and telecommunication companies, as an add-on for its Area Wide Protective platform. Financial terms weren’t disclosed.

• Eckhart, a portfolio company of LFM Capital, acquired Logic Plus, a Reed City, Mich.-based electrical controls and automation company. Financial terms weren’t disclosed.

• Harvey Building Products, a portfolio company of Dunes Point Capital, acquired Thermo-Tech Windows & Doors, a Sauk Rapids, Minn.-based maker of new and replacement windows and doors. Financial terms weren’t disclosed.

• GrayMatter, a portfolio company of Hamilton Robinson Capital Partners, acquired Technical Marketing Manufacturing, Inca Denver, Colo.-based supplier of electrical control equipment and software.

• Entertainment Studios acquired the Weather Group, parent company of the Weather Channel television network and Local Now streaming service. The sellers were Blackstone, Bain Capital and Comcast/NBC Universal. Financial terms weren’t disclosed.

Talk with our senior executive advisors (SEA) that can help you explore options.

Happy Networking and Investing,

 

JD Morris

Investor Network by JD

Pipeline – Wining Strategies


“One prays for miracles but works for results” – Saint Augustine

“Good intentions are nice, but it is the hard work behind the strategy that moves mountains” – JD Morris

PIPELINE

• Helix, a provider of DNA-powered products, raised $200 million in Series B funding. DFJ Growth led the round and was joined by investors including Illumina, Kleiner Perkins Caufield & Byers, Mayo Clinic, Sutter Hill Ventures and Warburg Pincus. – Let our SEA program help you fast track with DFJ, Kleiner Perkins and Illumina.

• Aurora Innovationa self-driving vehicle startup, raised $90 million in funding. Investors include Greylock Partners and Index Ventures. Read more at Fortune.

• Mist, a Cupertino, Calif.-based maker of a self-learning wireless network powered by artificial intelligence, raised $46 million in Series C funding. Kleiner Perkins led the round, and was joined by investors including Lightspeed Venture PartnersNorwest Venture PartnersGVNTT Docomo Ventures and Dimension Data.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Networking & Investing,

Investor Network

Investor Network by JD

 

Pipeline PE – Back to basics


We are back to basic of posting deals. Still in BETA and still just for fun!

We are still looking to work with Management Buy-Outs and deals with great than $4 million EBITDA.

Here are a few deals that closed:

• HG Capital will sell Iris Software Group Ltd, a U.K.-based provider of accounting and payroll software, in a deal that could value the software company at over 1 billion pounds ($1.4 billion), according to SkyNews.

• Cerberus Capital Management LP agreed to buy Bluestone Holdings Australia. Financial terms weren’t disclosed, but media reports peg the sale at approximately $103 million.

• Francisco Partners agreed to buy a majority of Discovery Education, a Silver Spring, Md.-based provider of digital content for students, from Discovery Communications Inc for $120 million.

• Catalyst Development, which is backed by Livingbridge, acquired Knadel, a London-based investment management consultancy. Financial terms weren’t disclosed.

• A consortium of unnamed private equity firms acquired PhishMe, a Leesburg, Va.-based provider of phishing defense solutions. The deal values PhishMe at $400 million. PhishMe is rebranding as Cofense.

• M&Q, a portfolio company of Capital Partners, acquired Flavorseal, an Avon, Ohio-based food packaging company. Financial terms weren’t disclosed.

• Parthenon Capital Partners invested in RedCard, a St. Louis, Mo.-based provider of claims communications, payments and enrollment solutions to healthcare providers, payors and members.

• L Squared Capital Partners invested in United Scope, a provider of microscopes and related accessories. Financial terms weren’t disclosed.

• Butterfly acquired Modern Market, a farm-to-table fast casual restaurant company. Financial terms weren’t disclosed.

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Networking and Investing,

Investor Network