IN Pipeline – 20180807

Beta Blog still here and deals are also closing!  Below are a few private equity deals that closed during summer (deals are getting done).  Our Senior Executive Advisors can help you with Alion, Silver Lake, and other amazing companies and private equity firms.

Private Equity Pipeline

• Silver Lake made an investment in GoodRx, a Santa Monica, Calif.-based provider of prescription and healthcare savings. Financial terms weren’t disclosed.

• DataOnline, which is backed by FFL Partners, acquired Independent Technologies, a provider of hardware, software and services for the telecommunications, oil and gas and power industries. Financial terms weren’t disclosed.

• ONCAP acquired Precision Global, a Greenville, S.C.-based maker of dispensing solutions. Peak Rock Capital was the seller. ONCAP said it invested about $111 million in the deal.

• Webster Capital acquired JBR Clinical Research, a Salt Lake City-based clinical research site manager conducting post-op pain studies on behalf of pharmaceutical companies. Financial terms weren’t disclosed.

• Wynnchurch Capital will acquire Logistik Unicorp Inc, a Canada-based provider of managed uniform programs to corporate and government organizations. Financial terms weren’t disclosed.

• CoolSys, a portfolio company of Audax Private Equity, acquired Energy Squared LLC, a Princeton, N.J.-based energy design consulting engineering firm. Financial terms weren’t disclosed.

• Guardian Capital made an investment in Direct Line, a Fremont, Calif.-based provider of network cabling, infrastructure and staffing services to data centers and other mission critical environments. Financial terms weren’t disclosed.

• Alion, which is backed by Veritas Capital, agreed to acquire MacB, a provider of complex engineering and mission critical technology solutions and services for national security missions. Financial terms weren’t disclosed.

• Source Capital made an investment in Texan Allergy, an Austin, Texas-based provider of management support services to affiliated allergy practices. Financial terms weren’t disclosed.

• Strand Equity made an investment in Van Leeuwen Ice Cream, a Brooklyn-based artisan ice cream brand. Financial terms weren’t disclosed.

• Vista Equity Partners is considering selling Tibco Software Inc, a Palo Alto, Calif.-based provider of infrastructure and business intelligence software. Vista has held early stage talks with potential suitors.

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 By JD

Investor Network by JD


KIA Classic LPGA event & PEG Deals that closed!

Investor Network invites all you snow bird to come visit us here in Carlsbad, CA for sun and fun with special lunch for our members at the KIA Classic at last week of March!  Email JD for details:

And now for deals that closed!


Carlyle GroupThoma Bravo

Anytime Fitness, a Hastings, Minn.-based fitness club operator, has raised an undisclosed amount of private equity funding from Roark Capital 
Berkshire Partners has agreed to acquire Catalina Marketing, a St. Petersburg, Fla.–based consumer marketing company, from Hellman & Friedman. No financial terms were disclosed, although prior reports suggested that bids could come in at between $2 billion and $2.5 billion. Silver Lake also submitted an offer.

The Carlyle Group has agreed to acquire the South Korean security systems unit of Tyco International Inc. (NYSE: TYC) for approximately $1.93 billion in cash. It is the largest private equity deal for a Korean target since 2008.

Exponent Private Equity has acquired the assets of The Loch Lomond Distillery Co., a UK-based distiller of Scotch whiskies and vodka. No financial terms were

Fred’s Inc. (Nasdaq: FRED), a Memphis-based chain of retail discount stores and full service pharmacies, has reached out to such possible buyers as H.I.G. Capital, CVS Caremark, Walgreen Co. and Dollar General Corp., according to Bloomberg. The company’s current market cap is around $733 million.

FrontStream Holdings LLC, an online corporate philanthropy platform, has acquired TRUiST, a Washington, D.C.-based provider of philanthropy solutions. FrontStream is a portfolio company ofArsenal Capital

Kohlberg Kravis Roberts & Co. has acquired a majority stake in Sedgwick Claims Management Services Inc., a Memphis, Tenn.–based provider of claims and productivity management solutions, for $2.4 billion. Sellers include Hellman & Friedman and Stone Point Capital, although Stone Point is joining KKR as a minority equity partner.

Modern Healthcare, a Monrovia, Calif.-based provider of specialty pharma services, has acquired two specialty pharmacies: Total Life Care Rx Pharmacy LLC (New Orleans) and Legacy Rx Holdings LLC (Orlando, FL). No financial terms were disclosed. Modern Healthcare is a portfolio company of Altamont Capital Partners.

Northstar Travel Media, a Secaucus, N.J.-based travel media company, has acquired Travel Weekly China, Travel Weekly Asia,and Events China from Singapore-based Contineo Media. No financial terms were disclosed. Northstar Travel is owned by Wicks Group of

Riverbed Technology Inc. (Nasdaq: RVBD) has received buyout interest at around $25 per share from such firms as Silver Lake, KKR and Thoma Bravo, according to Bloomberg. A $25 per share offer would value the San Francisco-based networking equipment company at around $4.5 billion (including debt). It recently rejected a $21 per share offer from Elliott Management Corp., which previously had offered $19 per share.

Saban Capital, Discovery CommunicationsScripps Networks and Viacom all have submitted bids for UK television broadcaster Channel 5, according to the FT. Seller Richard Desmond is seeking around £700 million.

Transpacific Industries Group (ASX: TPI) has agreed to sell its New Zealand waste management business to state-owned Beijing Capital Group for NZ$950 million (US$798m). Rival bidders included The Carlyle Group and a consortium that included two Maori tribes.

TriArtisan Capital Partners and Sentinel Capital Partners are in “advanced talks” to buy casual restaurant chain TGI Fridays from a subsidiary of Carlson Cos., according to Reuters. The deal could be valued at between $800 million and $900 million, with Morgan Joseph managing the

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

Happy Networking & Investing,

JD Morris headshot

JD Morris

Join me on LinkedIN:

Facebook URL:

Twitter URL:

LinkedIN URL: