BETA: The Capitalization Report v20.11.03


KEYWORDS: TVM Capital Life Science, Salesforce Ventures, Thoma Bravo, NTTVC, T-Mobile Ventures, Brighteye Ventures, China Creation Ventures, OpenView Venture Partners, True Ventures

NEW FUNDS

TVM Capital Life Science, a Munich, Germany and Montreal, Canada-based life sciences venture capital firm, closed its latest fund, at US$478m

Salesforce [NYSE: CRM], the global leader in CRM, launched a second $100m Impact Fund from Salesforce Ventures, the company’s global strategic investment arm 

Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, completed the fundraising for three funds totaling more than $22.8 billion in capital commitments 

NTTVC, a Palo Alto, Calif.-based venture capital firm formed in collaboration with NTT, launched a $500m fund 

T-Mobile (NASDAQ: TMUS) has launched T-Mobile Ventures, a new multi-year investment fund focused on early and emerging growth companies developing 5G products and services for the T-Mobile network 

Brighteye Ventures, a Luxembourg-based edtech venture capital firm with offices in London and Paris, announced its $54m first close of its second fund

China Creation Ventures, a Beijing, China-based venture capital firm, closed its second USD fund, at over $300m

OpenView Venture Partners, a Boston, MA-based venture capital firm focused on business software, closed its sixth fund, at $450m

Menlo Park, Calif.-based venture capital firm Menlo Ventures launched a flagship $500M fund

True Ventures, a Palo Alto, CA-based venture capital firm, closed two funds amounting in total to $840m

PEG Deals that close plus focus today on the beverage industry


Should you have a beverage company that has $20 million plus in revenue and needs growth capital, text JD at +1 858-869-9483 anytime.  Referrals to business owners is welcome!

Great example in the news is that LifeAID raised private equity for growth this week.  The Mercury News report at the 1st of year the following, “A 3-year-old Santa Cruz beverage company, LifeAID, is profitable, ramping up to ship 1 million cans a month, supplying customers in a dozen countries and needing more space in the Wrigley building on the Westside.”  This is a prime example of what type of company gets funded and we can fast track your process.

We will be contacting a beer, wine, and energy drink company today.  Other referrals welcome! And now for the news of deals that get funded by Private Equity Groups!

Private Equity

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

• 3PL Central, a Manhattan Beach, Calif.-based provider of third party logistics and warehouse management software, has acquired Traker Systems, a provider of cloud-based inventory control software. No financial terms were disclosed. 3PL Central is a portfolio company of Mainsail Partners. www.3plcentral.com

• Bain Capital and Goldman Sachs have agreed to acquire a majority stake inCarver Korea, a South Korean cosmetics company. No financial terms were disclosed, except that Carver is on a $130 million revenue run rate. This represents Bain Capital’s first-ever investment in Korea. www.hydration.co.kr

• Clayton, Dubilier & Rice has completed its previously-announced acquisition of Tranzact, a Fort Lee, N.J.-based provider of direct-to-consumer sales and marketing solutions for U.S. insurance carriers, from shareholders like White Mountains Insurance Group Ltd. (NYSE: WTM). No financial terms were disclosed, although earlier news reports said that Tranzact generates around $50 million in annual EBITDA. Evercore managed the process. www.cdr-inc.com

• Clubessential LLC, a Cincinnati-based provider of software for golf and yacht clubs, has raised an undisclosed amount of growth equity funding from Battery Ventures. www.clubessential.com

Thoma Bravo

• Deltek, a Herndon, Va.-based portfolio company of Thoma Bravo, has acquired Union Square Software, a UK-based provider of project information and collaboration software for the architecture, engineering and construction markets. No financial terms were disclosed. www.deltek.com

• First Reserve has agreed to acquire Morrison Utility Services, a British utility infrastructure company, from Bregal Capital and Motion Equity Partners. No financial terms were disclosed, except that Morrison generates over £600 million in annual revenue. www.firstreserve.com

• Genesys, a French provider of omnichannel customer experience and contact center solutions, has raised around $900 million in equity funding from Hellman & Friedman at a $3.8 billion valuation. www.genesys.com/fr

• LifeAID Beverage Co., a Santa Cruz, Calif.-based manufacturer of “premium nutritional products for active lifestyles,” has raised an undisclosed amount of private equity funding from KarpReilly LLC. www.lifeaidbevco.com

• Marlin Equity Partners has acquired Revenew Inc., a provider of through-channel and distributed marketing solutions. No financial terms were disclosed. Revenew with the marketing applications business from Teradata Corp. (NYSE: TDC), and call the combined company Aprimo. www.marlinequity.com

• Vantage Specialty Chemicals Inc., a Chicago-based portfolio company of The Jordan Co., has agreed to acquire Mallet and Company, a Pittsburgh-based provider of baking release agents. No financial terms were disclosed. www.vantagespecialties.com

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

We are currently looking to invest in following area, but are open to other companies with strong growth and need for capital to support the growth!

  • Specialty Manufacturing / Industrial Technology

  • Consumer Products and Services

  • Business Services

  • Health Care Services

  • Education and Training

Referrals to business owners and the people that support these owners such as accountant, lawyers, and others is welcome!

Happy Networking,

JD Morris

JD Morris

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

INVESTOR SOCIAL NETWORKING:

Facebook URL: https://www.facebook.com/InvestorNetwork

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Thoma Bravo and PEG Deals that close!


Thoma Bravo has been making the news with Imprivata and McAfee.  Although I have not done a deal recently with Thoma Bravo, we have long history and many hours spent working the day out of their Chicago offices board room on deals.  If you want to fast track your deal with Thoma Bravo, please feel free to text me, JD Morris, at +1 858-869-9483 anytime.

And now for PEG deals that close!

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

• Advanced Solutions International, an Alexandria, Va.-based provider of cloud software to associations and nonprofits, has raised an undisclosed amount of private equity funding from Bregal Sagemount. www.advsol.com

• Array Technologies Inc., an Albuquerque, N.M.-based manufacturer of solar tracking solutions, has raised an undisclosed amount of private equity funding fromOaktree Capital Management. www.arraytechinc.com

• Ardian has acquired a majority stake in Ionisos, a French-based provider of cold sterilization services, from Agilitas. No financial terms were disclosed.www.ardian.com

• Dyal Capital Partners has acquired a minority stake in the management company of private equity firm Silver Lake. No financial terms were disclosed.www.silverlake.com

• Geneva Glen Capital has sponsored a recapitalization of Southeastern Home Health Services, a Bristol, Penn.-based Medicare home health provider. No financial terms were disclosed. www.sehomehealth.com

• Premise Health, a Brentwood, Tenn.-based worksite engagement company owned by Water Street Healthcare Partners, has acquired TransformHealthRx Inc., a company focused on onsite and multi-employer health and wellness centers. No financial terms were disclosed.www.premisehealth.com

• Quad-C Management has acquired Rainbow Early Education Holding, a Troy, Mich.-based early education company with over 10,500 students, from Spire Capital Partners. No financial terms were disclosed. www.rainbowccc.com

• Thoma Bravo has agreed to acquire Imprivata (NYSE: IMPR), a Lexington, Mass.-based healthcare IT security company, for approximately $544 million. The $19.25 per share deal represents a 33% premium to Imprivata’s closing stock priceon Tuesday. www.imprivata.com

• Titan Spine, a Mequon, Wis.-based developer of surface-enhanced spinal interbody fusion implants, has raised “a substantial round of financing” fromSouthlake Equity Group. No financial terms were disclosed. www.titanspine.com

• Thoma Bravo, Permira, and Vista Equity Partners are among the private equity firms conducting preliminary due diligence on McAfee, the computer security business being sold off by Intel Corp. (Nasdaq: INTC), according to Bloomberg.

Thoma Bravo

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

Happy Networking and Investing,

JD Morris

JD Morris

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

INVESTOR SOCIAL NETWORKING:

Facebook URL: https://www.facebook.com/InvestorNetwork

Twitter URL: https://twitter.com/RedHookCapital

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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

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

INVESTOR SOCIAL NETWORKING:

Facebook URL: https://www.facebook.com/InvestorNetwork

Twitter URL: https://twitter.com/RedHookCapital

LinkedIN URL: http://www.linkedin.com/groups/Investor-Network-JD-Morris-Accredited-53760/about

Deals That Close – PEG 2015 -06 – 05


REFERRAL NETWORKING:  If you have $4 plus million in EBITDA, we will invest or provide a referral to group that could invest in your company.

investor-network

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

• Avenger Flight Group, a Ft. Lauderdale, Fla.-based provider of flight simulator training and services to civil aviation clients, has secured an undisclosed amount of growth equity funding from Seacoast Capital and Patriot Capital.www.afgsim.com

• Bain Capital and PAG Asia Capital are considering acquisition offers forTakata Corp., the Japanese auto air-bag manufacturer that already has received takeover interest from KKR, according to Bloomberg.

Carlyle Group

• The Blackstone Group and The Carlyle Group have bailed on the auction for Canadian drugmaker Concordia Healthcare Corp. (TSX: CXR), sending the company’s stock down by as much as 21% in trading yesterday.

• CST Brands Inc. (NYSE: CST), a San Antonio, Texas-based convenience store chain with a $3.4 billion market cap, has received first-round takeover bids fromSeven & I Holdings (the Japanese parent company of 7-Eleven), Canada’sCouche-Tard Inc. (TSX: ATD) and a private equity pairing of Apollo Global Management with The Blackstone Group, according to Reuters.

• Distribution International Inc., a Houston, Texas-based distributor and fabricator in the mechanical insulation market, has acquired certain assets of Spokane, Wash.-based Johnson Insulation LLC. No financial terms were disclosed. Distribution International is a portfolio company of Advent International. www.distributioninternational.com

• Equistone has acquired ChartCo Ltd., a London-based provider of digital navigation and voyage compliance services to the marine industry, from ECI Partners at an enterprise value of 55 million. www.chartco.com

• Providence Equity Partners has agreed to acquire a majority equity stake inOEConnection LLC, a Richfield, Ohio-based provider of auto parts technology for OEM distribution networks. No financial terms were disclosed. Existing OEConnection shareholders Ford Motor Co. and General Motors each will retain 15% minority stakes. www.oeconnection.com

• Riverstone Holdings has agreed to acquire Talen Energy (NYSE: TLN), an Allentown, Penn.-based power generation company, in which it already held a 35% stake. Talen was spun off by PPL Corp. (NYSE: PPL) just a year ago, and is being valued by this deal at $5.2 billion (including debt), with Riverstone paying $14 per share (56% premium to March 31 price, after which reports of a possible deal surfaced).

• Sun Capital Partners has completed a dividend recap for portfolio company Spectralink, a Boulder, Colo.-based provider of on-site enterprise wireless communications devices. Financing was provided by The Private Bank & Trust Co., although specific details were not disclosed. Sun Capital acquired Spectralink back in May 2012. www.spectralink.com

Thoma Bravo

• Thoma Bravo has agreed to acquire Qlik Technologies Inc. (Nasdaq: QLIK), a Radnor, Penn.-based provider of business intelligence software, for approximately $3 billion, or $30.50 per share. Other early suitors had included Bain Capital and Permira. Read more.

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

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

INVESTOR SOCIAL NETWORKING:

Facebook URL: https://www.facebook.com/InvestorNetwork

Twitter URL: https://twitter.com/RedHookCapital

LinkedIN URL: http://www.linkedin.com/groups/Investor-Network-JD-Morris-Accredited-53760/about

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: jdm.networking@gmail.com

And now for deals that closed!

PRIVATE EQUITY GROUP 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 Groupwww.anytimefitness.com 
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. www.catalinamarketing.com

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. www.carlyle.com

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 disclosed.www.lochlomonddistillery.com

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. www.fredsinc.com

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 Partnerswww.frontstreampayments.com

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. www.sedgwick.com

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. www.modernhealthinc.com

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 Companies.www.northstartravelmedia.com

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. www.riverbed.com

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. www.channel5.com

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. www.transpacific.com.au

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 process.www.tgifridays.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 & Investing,

JD Morris headshot

JD Morris

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

Facebook URL: https://www.facebook.com/InvestorNetwork

Twitter URL: https://twitter.com/RedHookCapital

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Bimbo can not eat Twinkies! Plus other deals that closed!


RED HOOK CAPITAL UPDATE:

Red Hook Capital continues to look at investing in EBITDA positive deals and provide several referrals to other firms.  Our portfolio company The Morris Team is looking for great 1031 exchange deals for clients ( contact: JD.Morris@KW.com for real estate and deals@RedHookCapital.com for EBITDA deals ).

DEALS THAT CLOSED:

Thoma Bravo Logo NEW 10.21.08 reduced for website

  • Bridge ( www.bridge.sg )a social investment group focused on the rural Philippines, has launched with $24 million in equity funding from Accion, Bamboo Finance, DEG, FMO and chairman Paul Kocourek.  
  • Energy Capital Partners (www.ecpartners.com/ ) has agreed to acquire three merchant generation power stations fromDominion (NYSE: D). No financial terms were disclosed. The stations are in Illinois and Massachusetts.www.dom.com 
  • Equistone Partners Europe (www.equistonepe.com ) has acquired a majority stake in Bretèche Industrie Group, a France-based provider of manufacturing and production equipment for the agro-food, pharmaceutical and cosmetics industries. The seller was Azulis Capital, while Céréa Capital co-invested alongside Equistone. No financial terms were disclosed. www.breteche.com
  • Heart to Heart Hospice, ( www.hearttohearthospice.com )  a Plano, Texas-based provider of hospice care, has secured a minority equity investment from Summit Partners.
  • Hostess Brands (www.hostess.com ) formally announced that it would sell its snack cake business, including Twinkies, toApollo Global Management and C. Dean Metropoulos. The two firms had previously been named “stalking horse” bidders, and Hostess says it did not receive any subsequent offers. 
  • Source Refrigeration & HVAC (www.sourcerefrigeration.com ) a portfolio company of Arsenal Capital Partners, has acquired TP Electrical, a White, Ga.-based provider of electrical and EMS contracting to commercial clients in the Southeastern United States. 
  • Thomsons Online Benefits Ltd. ( www.vss.com ) a provider of SaaS-based benefit and pension administration, workflow and reporting solutions, has raised an undisclosed amount of private equity funding from Veronis Suhler Stevenson.
  • TPG Capital ( www.tpg.com )has won the auction for Australian poultry producer Inghams Enterprises at an enterprise value reported to be between A$900 million and $1 billion. TPG beats out The Blackstone Group, in a process managed by Investec Bank. www.inghams.com.au

tpg capital 

  • TripWire (www.tripwire.com) , a provider of IT security and compliance automation software, has acquired nCircle, a San Francisco-based provider of information risk and security performance management solutions. No financial terms were disclosed. TripWire is owned by Thoma Bravo, while nCircle raised VC funding from such firms as Alta Partners, JK&B Capital, Guide Ventures and Menlo Ventures. 
  • W.H. Smith Co. (www.whsmithco.com )a maker of hose assemblies and other products for the U.S. Department of Defense and commercial clients, has acquired the IP and select assets of LaBargeProducts Inc., a St. Louis-based maker of critical systems and components for expeditionary military operations. No financial terms were disclosed. W.H. Smith is a portfolio company of JWI Capital

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

Contact Red Hook Capital about board of advisor, board of director, consulting, valuations, 1031 exchanges, and other service at INFO@RedHookCapital.com for more detail.

Happy Investing & Networking,

JD Morris

JD Morris

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