Capital Flow

New York, New York. April 22, 2019 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce that its portfolio company, GenServe, LLC (“GenServe”), has acquired Power Performance Industries (“PPI” or the “Company”) on April 18, 2019.  Based in Yonkers, New York, PPI provides maintenance and repair services to industrial generators and backup power solutions, as well as generator and equipment sales and rentals. The Company serves a diverse set of customers in the healthcare, corporate and real estate end markets. “PPI offered an attractive opportunity for us to strengthen our repair and maintenance portfolio in the Metro New York area while further expanding into the Northern New York and Connecticut regions. In addition, the Company has exciting and strategic relationships on both the equipment sales and service side that we look forward to further developing,” said Mike Vahling, President and COO of GenServe. “PPI is a great addition to the
SANTA MONICA, CA and CARY, NC – May 3, 2019 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has signed a definitive agreement to acquire Dude Solutions (“Dude Solutions” or the “Company”), the leading software-as-a-service (“SaaS”) provider of operations management solutions, from Warburg Pincus. The Company will continue to be led by the Chief Executive Officer, Ed Roshitsh and the current management team, who are investing alongside Clearlake in the transaction. Financial terms were not disclosed. Dude Solutions is a market leading provider of cloud-based operations management software that automates mission-critical enterprise asset management workflows such as work order, inventory, energy, capital planning, facility scheduling, and community development. Dude Solutions provides an end-to-end SaaS solution for its over 12,000 clients in the education, government, healthcare and manufacturing verticals. “We are excited to partner with Clearlake, who has a successful track record of sponsoring and supporting growing
April 25, 2019 (Washington, D.C.) – Grain Management (“Grain”), a leading private equity firm focused on investments in the global communications sector, announced today the closing of its fourth fund, Grain Communications Opportunity Fund II, L.P. (“GCOF II” or the “Fund”), with $899 million in commitments. GCOF II targeted $750 million and closed with excess demand driven by strong, early support from existing limited partners and significant interest from new investors. Since its founding in 2007, Grain has managed more than $2 billion across its investment vehicles.  The formation of GCOF II allows Grain to continue its exclusive focus on opportunities in mission-critical communications assets, both domestic and abroad, and structured equity investments in companies that own and operate them. “We are excited to announce the fund closing and humbled by the reception GCOF II received from our existing institutional investor base, as well as from our new partners,” said David Grain, Founder and
FREMONT, Calif., April 15, 2019 – Electronics For Imaging, Inc. (Nasdaq: EFII), a world leader in customer focused digital printing innovation, today announced that it has entered into a definitive agreement (the “Agreement”) to be acquired by an affiliate of Siris Capital Group, LLC (“Siris”) in an all-cash transaction valued at approximately $1.7 billion. Siris is a leading private equity firm focused on investing and driving value creation in technology companies that provide mission-critical solutions and are facing technology transitions. Under the terms of the Agreement, which has been unanimously approved by EFI’s Board of Directors, an affiliate of Siris will acquire all the outstanding common stock of EFI for $37.00 per share in cash. The purchase price represents an approximately 45% premium over EFI’s 90-day volume-weighted average price ended on April 12, 2019. EFI may solicit alternative acquisition proposals from third parties during a “go-shop” period over the next
NEW YORK, March 29, 2019 – One Rock Capital Partners, LLC (“One Rock”) today announced that one of its affiliates has successfully completed the previously announced acquisition of Nexeo Plastics, the plastics distribution business of Nexeo Solutions, Inc., a subsidiary of Univar Inc. Nexeo Plastics is a global leader in the distribution of plastics, including polymer products and prime engineering resins. Through its vast distribution network, Nexeo Plastics connects world-class suppliers with customers across a broad cross section of end markets in more than 60 countries in North America, Europe and Asia. Nexeo Plastics utilizes its proprietary technology platform to efficiently serve its suppliers and customers and has distinguished itself as an industry leader through its commitment to service, extensive product portfolio and expansive distribution reach. Tony W. Lee, Managing Partner of One Rock, commented, “We see tremendous growth opportunity for Nexeo Plastics as a stand-alone plastics distribution business. Our team
NEW YORK, NY – MARCH 27, 2019 NexPhase Capital, LP (“NexPhase”), co-advisor to the Moelis Capital Partners (“MCP”) Opportunity Funds, announced the successful sale of CPS Group Holdings, Inc. (“Comprehensive Pharmacy Services”, “CPS” or the “Company”) to Frazier Healthcare Partners. Founded nearly 50 years ago and employing over 2,500 clinical, regulatory and operational pharmacy professionals, CPS is one of the nation’s largest providers of pharmacy solutions to more than 700 hospitals and health system facilities across the United States and Puerto Rico. CPS helps hospital pharmacists tackle complex problems such as medication reconciliation, hyper-inflated drug costs, standardization, centralized distribution, regulatory and compliance, and 340B programs leading to increased quality, reduced admissions and lower costs. “In partnership with NexPhase and MCP, CPS has grown its suite of services and solutions that empower our clients to help them achieve their goals across the continuum of care,” said Don Nickleson, Executive Chairman of
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. Kemp is a leader in powering always-on application experience (“AX”) for enterprises and service providers via its next-generation load balancer and ADC technology solutions. Since the company’s founding in 2000, Kemp has consistently led innovation across enterprise technology platform types, including physical, virtual, cloud or multi-cloud environments. The company operates on a global basis with headquarters in New York, and
SANTA MONICA, CA and HOUSTON, TX – April 2, 2019 – symplr, a leading healthcare governance, risk and compliance (“GRC”) software-as-a-service (“SaaS”) platform, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and SkyKnight Capital (together with its affiliates, “SkyKnight”), today announced that it has completed the acquisition of API Healthcare (“API”) from Veritas Capital (“Veritas”). Financial terms were not disclosed. The combination of symplr and API will deliver the healthcare industry’s only fully integrated GRC and human capital management (“HCM”) SaaS platform of scale, offering an end-to-end solution encompassing provider data management, credentialing and workforce management, and addressing the full spectrum of labor regulatory requirements while also improving patient outcomes and quality of service. “We are excited to join with API to set a new vision and standard for healthcare GRC,” said Rick Pleczko, CEO, and Tres Thompson, COO & CFO, of symplr. “Bringing API’s workforce management capabilities
New York, New York, April 3, 2019 — Siris Capital Group, LLC (“Siris”) today announced that affiliates of Wafra Inc. (“Wafra”) and Landmark Partners, LLC (”Landmark”) have made strategic minority investments in Siris. Siris is a leading private equity firm focused on investing and driving value creation in mature technology companies that provide mission-critical solutions and are facing technology transitions. The transactions follow the recent closing of Siris’ latest buyout fund at $3.45 billion. Pursuant to the transactions, the investors will acquire passive, non-voting minority stakes and will provide capital to support Siris’ strategic initiatives, including the repurchase of an existing minority participation stake that was issued at the firm’s inception. The investments will have no impact on the day-to-day management or operations of Siris. The terms of the transactions were not disclosed. “Peter, Jeff and I are pleased to welcome Wafra and Landmark as strategic investors as we embark
New York, NY – March 20, 2019 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce that it has acquired a majority interest in Miller Environmental Group Inc. (“MEG” or “the Company”). Based in Calverton, New York, MEG was founded in 1971 to service the utility, transportation and petrochemical industries. Through growth and diversification, MEG has remained at the forefront of the environmental services industry by delivering exceptional customer service in the areas of emergency response, waste transportation and disposal, remediation, and industrial as well as marine services. More recently, MEG has acquired a transfer, storage and disposal facility to better serve its clients and is permitted to process regulated non-hazardous liquid and solid wastes. “We chose GenNx360 as our partner because we appreciated their specialization in the industrial sector and saw they would be a great match for MEG,” said Mark Miller, MEG’s Owner/President/CEO at the time the transaction closed.