HIG Growth Partners invests in Corelight’s USD75m Series D financing
An affiliate of HIG Growth Partners (HIG) has invested in the Series D growth financing for Corelight, a cyber-security platform focused on network detection and response (“NDR”). Founded in 2013 and based in San Francisco, Corelight is the industry’s first open NDR platform. Built on the de-facto open source network security monitoring platform, Zeek and […]
Francisco Partners acquires Follett School Solutions
Follett Corporation has sold Follett School Solutions (FSS), the company’s K-12 software and content division, to Francisco Partners, a technology-focused global investment firm. Follett School Solutions, based in McHenry, Illinois, is a longtime trusted educational partner to K-12 schools and districts that provides software and content products, including Follett Destiny, FSS’ market-leading library management system […]
Kirkland advises Bain Capital on investment in Berlin Brands Group
Kirkland & Ellis has advised Bain Capital on its investment in Berlin Brands Group (BBG). With Bain Capital’s acquisition of a minority stake from Ardian, BBG becomes the latest European unicorn. The majority of the shares are still held by Peter Chaljawski and the executive team. BBG has also secured USD700 million of additional equity and […]
Oaktree Capital invests in Priority Power
Priority Power Management (Priority Power), an independent energy services provider, has secured a USD250 million investment from funds managed by Oaktree Capital Management (Oaktree) and other select institutional investors. Ara Partners, a Houston-based private equity firm specialising in industrial decarbonisation investments that acquired Priority Power in 2019, will continue to hold an ownership stake. “Oaktree […]
Riverside and Investcorp Announce Sale of Arrowhead Engineered Products
The Riverside Company (Riverside) and Investcorp, a global provider and manager of alternative investment products, have sold Arrowhead Engineered Products (AEP) to Genstar. Specific terms of the transaction were not disclosed. Founded in 1985, AEP is a leading global engineer and omni-channel distributor of non-discretionary, proprietary-branded, aftermarket replacement parts for outdoor power equipment, powersports, specialty […]
Nordic Capital: Inovalon and the future of healthtech
Nordic Capital focuses mainly on three core sectors: healthcare, technology & payments, and financial services – and has done a number of deals in recent decades where these areas overlap. A number of them have been in the healthtech space lately, including Philadelphia-based life science company ERT and Boston-based Cytel, which provides statistical models for […]
NexPhase Capital Backs Selerix Systems
NexPhase Capital LP, an operationally-focused private equity firm, has invested in Selerix Systems Inc., a provider of cloud-based benefits administration and employee engagement software. Lyle Griffin, co-founder and president of Selerix, said, “Over the last two decades, we have grown Selerix into an industry-trusted, respected brand, and we’re looking forward to entering our next chapter of […]
Accel-KKR Makes Growth Investment in ATP
Accel-KKR, a global technology-focused private equity firm, has made a growth investment in ATP, a provider of aviation software and information services. This transaction follows Accel-KKR’s initial investment in ATP in mid-2020 in partnership with existing investor ParkerGale Capital. “Since AKKR’s initial investment in the company, we have seen up-close the sizable opportunities for ATP together with […]
Blackstone Reportedly in Talks to Buy Singapore’s Interplex for $1B
Blackstone Inc. is in advanced talks to acquire Singaporean precision components business Interplex for about $1 billion, according to people familiar with the matter.The U.S. buyout firm is hammering out the details of a transaction with owner Baring Private Equity Asia, the people said, asking not to be identified because the matter is private. Blackstone has emerged as […]
Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank. Cadence originally committed $30 million to NuBridge and successfully increased the facility through […]
