Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. April 17, 2019

Ellie Mae Acquired By Thoma Bravo

PLEASANTON, Calif.--(BUSINESS WIRE)--Ellie Mae(r), the leading cloud-based platform provider for the mortgage finance industry, announced that it has been 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. The acquisition was announced on February 12, 2019 and closed today. Under the terms of the agreement, Ellie Mae shareholders receive $99.00 in cash per share. The p.
Read by 63% of LPs April 16, 2019

Smart & Final Agrees To Be Re-acquired By Apollo For $6.50 A Share

Smart & Final Stores Inc. announced Tuesday afternoon that it has agreed to be acquired by private-equity firm Apollo Global Management LLC for $6.50 a share in cash. Smart & Final stock closed Tuesday at $5.39 a share, and popped more than 18% higher in after-hours trading to reflect the agreement. At $6.50 a share, Smart & Final would have a market cap of about $500 million. Apollo previously bought Smart & Final for $22 a share in 2007, then sold it to Ares Management in 2012; the company went public in 2014, but was still majority-owned by Ares.
Read by 35% of LPs April 15, 2019

Electronics For Imaging To Be Acquired In $1.7B Deal

Click to view a price quote on EFII. : Electronics For Imaging (EFII - Get Report) reached a deal to be acquired by Siris Capital Group for $1.7 billion. Siris Capital, a technology-focused private equity fund, will pay $37 a share in cash, a 25.8% premium over Electronics For Imaging's closing price Friday of $29.40, but a roughly 45% premium over the average stock price of over the last 90 days.
Read by 60% of LPs April 15, 2019

The Twenty Minute Vc: Venture Capital | Startup Funding | The Pitch: 20vc: So You Want To Be Acquired? Instacart Vp Of Corp Dev, Dave Sobota On His Biggest Lessons From 10 Years In Google's M&a Team Working On The Acquisitions Of Motorola, Waze & Android

Dave Sobota is the Vice President of Corporate Development @ Instacart, the company that delivers your groceries in as little as 1 hour. To date the company has raised over $1.9Bn in funding from some of the very best investors and operators including Mike Moritz @ Sequoia, Jeff Jordan @ a16z, Aaron Levie @ Box, Sam Altman, Garry Tan and more incredible names. As for Dave, prior to Instacart, he was Director of Corporate Development @ Google for over 10 years and before that was with leading law firm, Wilson Sonsini. In Today's Episode You Will Learn: 1.)
Read by 53% of LPs April 10, 2019

Rlj Equity Partners Llc Acquires Virteva Llc To Merge Into Crossfuze

BETHESDA, Md.--(BUSINESS WIRE)--lt;a href="" target="_blank"gt;#ITSMlt;/agt;--RLJ Equity Partner's acquisition of Virteva strengthens Crossfuze's Ability to Offer Innovative ServiceNow and Managed Services capabilities.
Read by 34% of LPs April 09, 2019

Macquarie To Acquire $12B Asset Manager From Foresters

Macquarie Group Ltd.'s investing division agreed to buy a U.S. business with $12.3 billion in assets from Foresters Financial, which is seeking to focus on life insurance. Foresters is also selling its U.S. broker-dealer including 40 branch offices to Cetera Financial Group, the Toronto-based company said Tuesday in a statement. Foresters said the transactions are expected to be completed by year-end. Terms weren't disclosed, and Cetera will be adding about 500 financial advisers. Macquarie Investment Management, which oversaw $234.5 billion including the Delaware Funds at the end of 2018, will gain the First Investors mutual funds business.
Read by 72% of LPs April 08, 2019

General Atlantic Acquires Significant Shareholding In Rubicon Research - The Financial Express

Everstone had recently indicated in a release that it will sell its entire stake in Rubicon Research to a global private equity player, generating 4.5x multiple and a 92% IRR in a span of two-and-a-half years.
Read by 48% of LPs April 08, 2019

Gizmodo Media Group Acquired By Private Equity Firm Great Hill Partners - Techcrunch

Gizmodo Media Group and The Onion have a new owner -- private equity firm Great Hill Partners. As part of the deal, digital media executive Jim Spanfeller is becoming CEO of (and an investor in) the renamed G/O Media. Spanfeller previously led as CEO and also founded Spanfeller Media Group, the company behind the [...]
Read by 74% of LPs April 05, 2019

Wellspring Capital Acquires Lucky Strike Entertainment

NEW YORK, April 4, 2019-- Wellspring Capital Management LLC ("Wellspring"), a New York-based private equity firm, announced that it has closed the acquisition of Lucky Strike Entertainment, LLC, an operator of upscale entertainment venues with 21 locations in the United States. Financial terms of the transaction were not disclosed. Lucky Strike is a leading creator and operator of entertainment venues featuring premium bowling lanes, handcrafted food and spirits, occasional live music performances, a broad assortment of engaging, high-tech games and a one-of-a-kind atmosphere. Lucky Strike venues seek to combine the best attributes of dining, nightlife and interactive entertainment.
Read by 35% of LPs April 02, 2019

Mill Point Capital Partners With Management To Acquire Kemp Technologies

NEW YORK, April 1, 2019-- Kemp Technologies, a leading provider of load balancer and application delivery controller ("ADC") solutions and services, announced that it has partnered with Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North America. The Mill Point team employs an Executive Partner model and has extensive experience investing in transactions in the technology and business services sectors. Kemp's management team, including CEO Ray Downes, will continue to lead the company, building on its strong track record of growth and innovation.
Read by 35% of LPs