Inovalon Nears Sale to Nordic Capital and Insight Partners
Nordic Capital and Insight Partners agreed to buy health-care software company Inovalon Holdings Inc. in a deal valuing the company at $6.4 billion. Inovalon investors will get $41 per share in cash, the company said in a statement on Thursday, confirming an earlier Bloomberg News report. Inovalon Chief Executive Officer Keith Dunleavy, 22C Capital and other stockholders also joined the consortium. The deal is […]
HIG Capital acquires Pegasus Home Fashions
An affiliate of HIG Capital (HIG), a global alternative investment firm with USD45 billion of equity capital under management, has completed the acquisition of Pegasus Home Fashions (Pegasus). Founded in 1990 and headquartered in Elizabeth, NJ, Pegasus is one of the country’s largest and fastest growing poly-filled pillow manufacturers with several manufacturing facilities located throughout […]
Sentinel Capital Partners sells Corporate Visions
Sentinel Capital Partners, a private equity firm that invests in promising lower midmarket companies, has sold Corporate Visions Inc, a US sales and marketing enablement company, to The Riverside Company. The terms have not been disclosed. Based in Reno, Nevada, Corporate Visions offers sales, marketing, and customer success messaging, content, and IP-based training solutions to […]
Riverside adds 12th add-on to CertaSite platform
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Premier Electronics (Premier). Based in Michigan, Premier provides fire and life safety system inspections, repairs, maintenance and installations for retrofits and new construction. The investment is an add-on to Riverside’s CertaSite platform, a fire and life […]
Nonantum Capital Partners acquires Helix Traffic Solutions
Nonantum Capital Partners (Nonantum), a middle-market private equity firm, has acquired Helix Traffic Solutions (Helix), a provider of mission-critical traffic management services and equipment. Helix offers a full suite of traffic safety solutions, including traffic control, flagging, equipment rental, and sign installation services. All of Helix’s services are provided to keep road workers, utility contractors, […]
Software firm Postman valued at $5.6 billion after funding round
Software company Postman said on Wednesday it was valued at $5.6 billion after raising $225 million in a funding round led by venture capital and private equity firm Insight Partners, which is an existing investor in the company. Founded in the Indian city of Bengaluru in 2014, Postman is an application programming interface (API) platform. […]
CPPIB Acquires Stake in CeramTec
Canada Pension Plan Investment Board has agreed to acquire a stake in CeramTec GmbH, the German technical ceramics maker owned by buyout firm BC Partners. BC Partners and Canada Pension Plan will each own about half of CeramTec along with their co-investors, they said in a statement T, confirming an earlier Bloomberg News report. The transaction values CeramTec […]
Goldman Joins Financing as Norway’s Gelato Passes $1 Billion
A Norwegian software company has secured financing from funds managed by Goldman Sachs Asset Management as well as SoftBank Group Corp. in a deal that pushes its valuation just over the $1 billion mark. Gelato AS, which sells printing services by giving customers access to a network of providers, raised a total of $240 million in a financing round […]
General Atlantic leads EUR100m Series C for Chrono24
General Atlantic has led a EUR100 million Series C funding round in online luxury watch marketplace Chrono24. This latest round follows Chrono24’s 2019 EUR 43 million Series B financing from Sprints Capital, former Richemont director Gianni Serazzi, and YOOX-NET-A-PORTER founder Alberto Grignolo, as well as the company’s EUR37million Series A from Insight Partners in 2015. […]
Kainos Capital acquires Muenster Milling
Kainos Capital, a private equity firm specialising in acquiring and managing food and consumer businesses, has partnered with Mitch and Chad Felderhoff to acquire their family business, Muenster Milling (Muenster), a fourth-generation pet food and ingredient manufacturer based in Texas. Andrew Rosen, Managing Partner of Kainos, says: “We are excited to add Muenster to the […]
