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vcaonline.com 23 hours, 22 minutes ago

Lovell Minnick Partners Announces Acquisition Of Billhighway

PHILADELPHIA, LOS ANGELES and NEW YORK, October 14, 2019-- Lovell Minnick Partners, a private equity firm focused on investments in the global financial services industry, including related technology and business services companies, today announced that it has completed the acquisition of Billhighway (the "Company"), a provider of integrated software and payments solutions to membership-based organizations ("MBOs"). Financial terms of the private transaction were not disclosed. Headquartered in Troy, Mich., Billhighway provides SaaS-based accounting and transaction processing services to MBOs such as fraternities, sororities, unions and associations.
Read by 50% of LPs

vcaonline.com 23 hours, 22 minutes ago

The Carlyle Group And Stellex Capital Management Complete Acquisition Of Vigor And Mhi Holdings; Appoint Jim Marcotuli Chief Executive Officer Of New Company

The Carlyle Group and Stellex Capital Management Complete Acquisition of Vigor and MHI Holdings; Appoint Jim Marcotuli Chief Executive Officer of New Company NEW YORK, NORFOLK, Va., PORTLAND, Ore. & SEATTTLE, Wa., October 14, 2019-- Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.
Read by 61% of LPs

multihousingnews.com October 11, 2019

Compass Acquisition Partners Welcomes New Ceo

Industry veteran Lynn Owen joined the company after almost five years at TruAmerica Multifamily. : Compass Acquisition Partners has named Lynn Owen as the company's new chief executive officer. Bringing more than three decades of real estate management experience, Owen will be in charge of expanding Compass' investment platform by including private equity real estate joint ventures and institutional capital partners with a target of investing approximately $500 million during the next 12 months.
Read by 39% of LPs

finextra.com October 08, 2019

Ids Acquired By Thoma Bravo

Thoma Bravo, a leading software-focused private equity investment firm, announced today that it has...: Thoma Bravo, a leading software-focused private equity investment firm, announced today that it has acquired majority ownership in IDS, a leading provider of asset finance software solutions, from its current owner, SV Investment Partners. Nicholas E. Somers, Chairman of SV Investment Partners, said "Having partnered with IDS since 2003 we are immensely proud of its achievements under our ownership and of the benefits enjoyed today by customers of the market-leading IDS solutions.
Read by 71% of LPs

finextra.com October 08, 2019

Ids Acquired B Thoma Bravo

Thoma Bravo, a leading software-focused private equity investment firm, announced today that it has...: Thoma Bravo, a leading software-focused private equity investment firm, announced today that it has acquired majority ownership in IDS, a leading provider of asset finance software solutions, from its current owner, SV Investment Partners. Nicholas E. Somers, Chairman of SV Investment Partners, said "Having partnered with IDS since 2003 we are immensely proud of its achievements under our ownership and of the benefits enjoyed today by customers of the market-leading IDS solutions.
Read by 62% of LPs

business-standard.com October 03, 2019

Apollo Global In Talks To Acquire Altico; Lenders To Take A Call On Oct 11 | Business Standard News

Apollo, for now, has offered $150 million equivalent as primary equity for Altico. : Apollo Global Management is in preliminary talks with lenders to buy troubled non-banking financial company (NBFC) Altico Capital, but lenders have decided to first finalise the quantum of haircut they would be taking, by October 11. Apollo, for now, has offered $150 million equivalent as primary equity for Altico, the troubled NBFC that defaulted unexpectedly in about mid-September. Altico was also in discussion with Cerberus Capital, KKR, Brookfield, Blackstone for a takeover of the company.
Read by 50% of LPs

vcaonline.com October 03, 2019

Redbird Capital Partners And Reverence Capital Partners Complete Acquisition Of Vida Capital, Inc.

AUSTIN, Texas & NEW YORK, October 2, 2019-- RedBird Capital Partners ("RedBird") and Reverence Capital Partners ("Reverence") today announced they have closed on their acquisition of Vida Capital, Inc. ("Vida"), an alternative asset management platform specializing in non-correlated investment strategies. Vida's President and CEO, Jeff Serra, along with members of the management team, invested alongside RedBird and Reverence in the transaction. The proposed transaction obtained the necessary regulatory approvals and received overwhelming support from the investors in Vida's various funds.
Read by 39% of LPs

pehub.com October 02, 2019

Pala To Increase Offer To Acquire Cobalt 27

Pala Investments has increased its offer to acquire Cobalt 27 for $4 per share from $3.57 per share. This figure represents an additional $30 million cash consideration to Cobalt 27 shareholders. Scotiabank and Regent Advisors provided financial advice to Cobalt 27 on the new arrangement while Goldman Sachs did likewise for Pala. Pala has received financing commitments from Societe Generale and ING Capital LLC as joint lead arrangers for loan facilities related to the transaction. Toronto-based Cobalt 27 is a battery metals streaming company.
Read by 58% of LPs

prnewswire.com September 30, 2019

Leeds Equity Partners Acquires Vitalsmarts

NEW YORK, Sept. 30, 2019 /PRNewswire/ -- Leeds Equity Partners, LLC, ("Leeds Equity") the New York-based private equity firm focused exclusively on investing in the Knowledge Industries, announced today that it has acquired VitalSmarts, LC ("VitalSmarts" or the "Company") from...
Read by 39% of LPs

benzinga.com September 30, 2019

Rubenstein Partners And Monarch Alternative Capital Acquire Lindbergh Center In Atlanta For $187M

ATLANTA, Sept. 30, 2019 /PRNewswire/ -- Rubenstein Partners, L.P. (including its affiliates, "Rubenstein"), a vertically-integrated real estate investment adviser focused on value-added office property opportunities, and Monarch Alternative Capital LP ("Monarch"), a global investment firm with opportunistic real estate expertise, have formed a joint venture that has purchased the Lindbergh Center, a 1-million-square-foot, mixed-use property in Atlanta for $187 million. The popular Class-A complex is built over Lindbergh Station, one of the busiest connections on Atlanta's MARTA rapid rail system and is also adjacent to the MARTA headquarters building.
Read by 72% of LPs