Insight Partners invests over US $100M for majority control of iLobby
iLobby has raised over US $100 million in strategic investment from Insight Partners. Insight Partners’ Managing Directors Ryan Hinkle, Anika Agarwal and Principal AJ Malhotra, will join iLobby’s board of directors. iLobby co-founder & CEO Ariel Mashiyev will stay on as CEO and Chairman of the board. iLobby is a global leader in enterprise visitor […]
Harris Williams Advises LYNX Franchising on Its Sale to MidOcean Partners
RICHMOND, VA. Harris williams , a global investment bank specializing in M&A advisory services, announces it advised LYNX Franchising, a portfolio company of Incline Equity Partners, on its sale to MidOcean Partners. LYNX Franchising is a multi-brand franchise platform with a complementary collection of B2B essential services. The transaction was led by Brent Spiller, Beau Pierce and Trey Shehan of the […]
Brexit agreement may mean more deals and more red tape for private equity
Confidence has returned to UK investors now certain that the UK has left Europe with a deal, but questions still remain over fundraising rules and the future of cross-border deals. With the one-year transition period coinciding with a global pandemic, it isn’t yet clear how much of an impact Brexit had on dealmaking in 2020. […]
Pack of private equity bidders circle £400m KPMG restructuring arm
ICG and Towerbrook are among the prospective bidders for the big four auditor’s restructuring business, Sky News learns. A heavyweight pack of private equity firms is circling the big four auditor KPMG as it prepares to offload its restructuring operations in the UK. Sky News has learnt that Intermediate Capital Group (ICG) and Towerbrook Capital […]
Nintendo Founder’s Family Office Joins Japan Systems Takeover Race
Yamauchi No. 10 Family Office backs move to take firm private. Japan Systems executives are countering Longreach Group offer. The family office of the Nintendo Co. founder is backing plans by senior executives at Japan Systems Co. to take the software company private, countering a takeover offer from a Hong Kong-based investment firm, according to […]
Lone Star pulls £3bn Quintain sale
Disposal of owner of Wembley Park shelved against backdrop of third UK lockdown US private equity group Lone Star has shelved the £3bn sale of its UK residential property company Quintain, blaming the worsening coronavirus situation. Formal bids for Quintain, which owns the Wembley Park development site, were due to be submitted later this month […]
CenterOak Partners sells Service Champions
CenterOak Partners, a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I, have sold Service Champions, a residential HVAC and plumbing services company in the Western US. Financial terms of the transaction have not been disclosed. Based in Orange County, CA, Service Champions is a provider of essential home services specialising in heating, […]
PE-backed Vision Innovation Partners acquires Eyes of York
Vision Innovation Partners, which is backed by Centre Partners, a middle-market private equity firm focused on the healthcare and consumer sectors, has acquired Eyes of York, an ophthalmology practice in York, Pennsylvania. The acquisition further strengthens Vision Innovation Partners’ presence in the southern Pennsylvania market and expands its growing network of ophthalmology practices and ambulatory […]
Clayton, Dubilier & Rice to Acquire Wolseley UK
Clayton, Dubilier & Rice (CD&R) is to acquire Wolseley UK, a specialist distributor of plumbing, heating, climate control, pipe and infrastructure & utility products in the United Kingdom, from Ferguson. Through a carve-out transaction for a net consideration of GBP308 million, Wolseley will become an independent company wholly owned by CD&R funds and management. The […]
$550 million busted deal trial between private equity funds kicks off in Chancery Court
Testifying Tuesday in a Delaware Chancery Court Zoom trial, a partner from the private equity fund Snow Phipps accused counterparts at Kohlberg & Company of telling him “a lie” last April, when Kohlberg said that its funders were no longer willing to back Kohlberg’s $550 million acquisition of the Snow Phipps portfolio company DecoPac, a […]
