LOS ANGELES, Calif. and PARIS, France, February 15, 2019-- OpenGate Capital, a global private equity firm, announced today that Colas Group (EPA: RE) has agreed to sell SMAC to an affiliate of OpenGate Capital. Financial terms of the agreement were not disclosed. The divestiture is expected to be complete in the next 60-90 days. SMAC is headquartered in Issy-les-Moulineaux, France, and is a global manufacturer of waterproofing and building envelope solutions with two divisions: SMAC Travaux and SMAC Industrie.
In a filing to the BSE, NBCC said it has submitted the bid to Interim Resolution Professional Anuj Jain. : State-owned NBCC and Mumbai-based Suraksha group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources said. NBCC Chairman and Managing Director Anoop Kumar Mittal said the company is "keen to acquire" Jaypee Infratech and complete over 20,000 housing units. He declined to share the bid value but said the resolution plan submitted by the company is beneficial for all stakeholders, including banks, home buyers and NBCC.
This is the first instance of a private equity interest in Indian exploration sector. : In a first sign of private equity (PE) interest in exploration and production in India, little-known Chennai-based Invenire Energy has taken over Tata Sons oil and gas arm Tata Petrodyne (TPL) in a $100-million deal. Miami-based Atyant Capital holds a majority stake (two-thirds) in Invenire, incorporated in 2016.
Jibjab, One Of The First Silly Selfie Video Makers, Acquired By Private Equity Firm Catapult Capital - Techcrunch
JibJab, one of the first companies that let people insert selfies into videos, gifs, and e-cards, has been acquired by Catapult Capital. The Los Angeles-based private equity firm announced the deal today, but did not disclose financial terms. A portion of financing was provided by investment firm Cloud Capital. According to Catapult Capital's site, it [...]
Update: Ellie Mae To Be Acquired By Thoma Bravo In Deal With Equity Value Of About $3.7 Billion, Shares Soar
Ellie Mae Inc. shares soared 19% in premarket trade Tuesday after the company said it has agreed to be acquired by private-equity firm Thoma Bravo in a deal with an equity value of about $3.7 billion. Under the terms of the agreement, Thoma Bravo will pay Ellie Mae shareholders $99 in cash per share, equal to a 47% premium over the 30-day average closing share price and 49 percent premium to the 60-day average closing price as of February 1, 2019.
PLEASANTON, Calif.--(BUSINESS WIRE)--Ellie Mae(r) (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, LLC, a leading private equity investment firm, in an all-cash transaction that values Ellie Mae at an aggregate equity value of approximately $3.7 billion. Under the terms of the agreement, all Ellie Mae shareholders will receive $99.00 in cash per share. The price per sh.
SAN FRANCISCO and CALGARY, Alberta, February 7, 2019-- Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has agreed to acquire Aucerna, the energy industry's leading provider of solutions for integrated planning, execution and reserves. The transaction is expected to close in the first quarter of 2019, subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed. Aucerna was founded more than a decade ago with a vision to provide the golden thread of information that connects oil and gas decision makers from operations to the boardroom.
Combination of two industry pioneers brings together deep talent and leadership to innovate on solutions delivering revenue growth and deeper guest relationships to the hospitality industry NEW YORK, February 6, 2019-- Travel Tripper and Pegasus, two leading hospitality technology providers, today announced that they are joining forces to deliver greater value and innovation to hotel groups worldwide. The combination is backed by a substantial investment from Accel-KKR, a leading technology-focused private equity firm.
Private equity firm GTCR has completed the previously announced acquisitions of Ultimus Fund Solutions and The Gemini Companies in a strategic combination.
NEW YORK & LONDON, February 4, 2019-- Paragon Metals, LLC ("Paragon" or the "Company") today announced the completion of its acquisition by affiliates of Stellex Capital Management ("Stellex"), a middle market private equity firm with offices in New York and London. With three manufacturing facilities in southern Michigan, Paragon is engaged in the business of manufacturing, distributing, sourcing and importing complex, tight tolerance precision machined components and assemblies serving the automotive, heavy truck and general industrial markets. Following completion of the transaction, Bruce Swift, a widely respected automotive industry veteran, will serve as Paragon's Chief Executive Officer. Mr.