NAIC Announces Agreement with U.S. Bancorp Impact Finance to Increase Flow of Capital to Diverse-Owned Alternative Investment Managers

WASHINGTON DC– August 2, 2023: Today the National Association of Investment Companies (“NAIC”), the largest network of diverse-owned alternative investment firms, and U.S. Bancorp Impact Finance, an industry leader in providing financial solutions that help create positive impact for communities and the environment, announced a multi-year Corporate Partnership agreement. This 3-year partnership will advance Impact […]

National Association of Investment Companies and AIC Announce Third Cohort of Paradigm Changers Interns

Now entering its third year, the Paradigm Changers Internship program continues to provide ethnically diverse college women from nontraditional backgrounds with valuable opportunities to gain hands-on experience and mentorship within the alternative investments industry. By connecting talented, yet often overlooked women from diverse majors of study, with leading alternative investment firms, the program not only empowers underrepresented groups but also promotes their meaningful and necessary place in the alternative investment space.

2022 Year In Review

This year has been one of unprecedented growth for NAIC on all fronts. Our membership, sponsors, partnerships, and programs have all grown meaningfully. NAIC would like to take a moment to thank everyone in our network – which stands larger and stronger than ever before.

NAIC Adds 7 New Member Firms

Join NAIC in welcoming the below firms to our network: Advantage Capital is a venture capital and growth equity firm with an emphasis on impact investing. Headed by Steven Stull, President and Founder, the firm provides financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm […]

Voyager Interests Acquires Knight Energy Services From Clearlake Capital

HOUSTON, Texas- November 3, 2022 – Voyager Interests (“Voyager”), a private equity firm specializing in the energy services and equipment sector, today announced its acquisition of Knight Energy Services (“Knight”or the “Company”) from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”). Knight, headquartered in Houston, Texas, is one of the largest rental tool companies serving the […]

Mill Point Capital Portfolio Company Acquires Short-Term Rental Compliance Provider

Centerville, VA – November 3, 2022 – Avenu Insights & Analytics (Avenu), the global leader in revenue enhancement and administration solutions for state and local governments, today announced the acquisition of LTAS Technologies Inc. (Harmari), a leading provider of short-term rental identification, monitoring and compliance software and services. Avenu and Harmari share a long history of […]

Bay Street Capital Holdings Announces Launch Of Resthaven Properties

LOS ANGELES (PRWEB) NOVEMBER 06, 2022 Bay Street Capital Holdings, founded in 2018 by William Huston, is a leading, Black-owned investment firm whose mission is to inspire the next generation of entrepreneurs and fund managers. The firm announced the launch of Resthaven Properties, a collection of black-owned luxury vacation properties, in recognition of both the shift in […]

NAIC Welcomes 2 New Member Firms In October

Join us in welcoming the most recent firms to join the NAIC Network. Author Capital Partners is a private equity and advisory firm that leverages capital and expertise to empower highly entrepreneurial business owners in the middle market to maximize their potential and author a meaningful legacy. The firm focuses on resilient, growth-oriented founder and […]

Standard Real Estate Investments Acquires Washington D.C. Shopping Centers

Standard Real Estate Investments, LP (Standard), a minority-owned national real estate investment and development firm with offices in Washington, D.C. and Los Angeles, announced the acquisition of the Senator Square and East River Park shopping centers in Northeast Washington D.C.   In aggregate, the centers are entitled and programmed for a $650 million mixed-use redevelopment offering 1,500 […]

Wind Point Acquires D&H United

Chicago, Ill., September 22, 2022 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, is pleased to announce that it has partnered with D&H United (“D&H”or the “Company”), a leading provider of testing, inspection, repair and installation services for fueling stations and electric vehicle (“EV”) charging infrastructure across the United States. D&H provides […]

Knox Lane-Backed Fingerpaint Group Acquires Parsons Medical Communications

Fingerpaint Group announced the acquisition of Parsons Medical Communications (PMC), a full-service scientific organization focused on the eyecare segment, adding to Fingerpaint Group’s strong medical communications offerings. Details of the transaction were not disclosed. Fingerpaint Group partnered with the San Francisco-based private equity firm Knox Lane in December 2020 to accelerate its trajectory through organic […]

NAIC Adds 8 New Members To Reach A Total Of 180 Member Firms

NAIC has grown significantly over the past few years, and we are excited to report that we currently have 180 members, representing more than $300bn AUM. Underscoring that growth, 8 new members joined our association in the last 2 weeks of September alone. Welcome to our newest member firms: Ceteri Capital is a venture capital […]

NAIC And UBS Partner To Support Diverse Alternative Asset Managers

WASHINGTON – September 22, 2022: Today the National Association of Investment Companies (“NAIC”), the largest network of diverse-owned alternative investment firms, and UBS, the leading global wealth manager, announced an agreement whereby UBS will become a Platinum Sponsor of NAIC in support of the firm’s Inclusive Investing offering. Through this sponsorship, UBS will support and […]

Avance Closes Inaugural Fund With More Than $1 Billion In Capital Commitments

NEW YORK – September 13, 2022 – Avance Investment Management (“Avance”or the “firm”), a private equity firm that invests in founder-owned, middle market businesses in the Services, Technology and Consumer sectors, is pleased to announce the final closing of its inaugural fund, Avance Investment Partners, L.P., and affiliated vehicles, with aggregate capital commitments of approximately $1.1 billion, […]

Clearlake And Siris Capital-Backed Newfold Digital To Acquire Markmonitor

London, UK, and Jacksonville, FL, Sept 12, 2022 – Clarivate Plc (NYSE:CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced that Newfold Digital (“Newfold”), a leading web and commerce technology provider backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital Group, LLC […]

Bregal Sagemount Announces Strategic Growth Investment In Solo

NEW YORK – September 19, 2022 – Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, today announced a minority strategic growth investment in SOLO LLC (“Solo”), a leading provider of solar sales, proposal, and design software. Financial terms of the transaction were not disclosed. Solo is a pioneer and innovator in solar energy sales, accelerating […]

Fvlcrum Funds’ Predecessor Firm Leads Minority Recapitalization Of PMC

Interprise Partners, the predecessor firm to FVLCRUM (“Interprise”), is pleased to announce the completed minority recapitalization of Parking Management Company, LLC (“PMC”or the “Company”). PMC is one of the fastest growing parking management services providers in the country with operations in over 90 cities across the U.S. Founded in 1992 and headquartered in Nashville, Tennessee, […]

Introducing Our 2022-2023 MBA Fellows!

A robust pipeline of diverse talent is critical to the prosperity of our industry. And for that reason, NAIC established the MBA Fellowship Program. Now entering its fourth year, the program provides diverse MBA students with opportunities to gain valuable experience and network with leaders in the alternative asset management industry. Thanks to generous support […]

Clearlake Capital Closes Clearlake Opportunities Partners III With More Than $2.5 Billion In Commitments

SANTA MONICA, CA – September 20, 2022 – Clearlake Capital Group, L.P. (“Clearlake”or the “Firm”), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, announced today it has completed fundraising for Clearlake Opportunities Partners III (“COP III”or the “Fund”) with more than $2.5 billion in commitments. COP III […]

Avante Capital Partners Announces Final Close On $450 Million Fund III

Los Angeles, California (August 2022) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce it has completed the final closing of Avante Capital Partners SBIC III, LP and Avante Capital Partners SBIC III-A, LP (collectively “Fund III”). Fund III was oversubscribed by 50% and closed with a total […]

RIA Advisory Announces Strategic Investment By Avance Investment Management

CORAL GABLES, Fla. – August 29, 2022– RIA Advisory (“RIA”), a premier provider of revenue management solutions, today announced that Avance Investment Management (“Avance”), a private equity firm that invests in founder-owned, middle market businesses in the services, technology and consumer sectors, has made a strategic investment in the company. Financial terms of the transaction […]

Argand Partners Portfolio Company Acquires Coastal Carolina Pumping

DENVER, Aug. 23, 2022 (GLOBE NEWSWIRE) – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH”or the “Company”), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K., today announced that it completed the acquisition of Coastal Carolina Pumping, Inc. (“Coastal”). Headquartered in Charlotte, North Carolina, Coastal is the largest concrete […]

Carrick Capital Portfolio Company Acquires Supply Dynamics

NEW YORK and WASHINGTON and CINCINNATI, Aug. 30, 2022 /PRNewswire/ — Exiger, the leading SaaS supply chain risk management, third-party risk management and compliance company, announced today that it has acquired Supply Dynamics, the industry’s most sophisticated supply chain collaboration platform for tracking, tracing and choreographing the purchase and supply of subcontracted products, parts, raw materials and […]

TA Associates And Clearlake Capital-Backed Kofax Acquires Ephesoft

Irvine, CA – August 18, 2022 – Kofax® (or the “Company”), a leading supplier of Intelligent Automation (IA) software for digital workflow transformation, backed by TA Associates (“TA”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced it has acquired Ephesoft Inc. (“Ephesoft”). The acquisition will add to Kofax’s intelligent document processing (IDP) solutions and go-to-market […]

Mill Point Portfolio Company Completes Carve-Out

Florham Park, NJ – August 15, 2022 – – Prime Pensions, LLC (“Prime Pensions”), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced today that it has completed a carve-out of Aldrich Retirement Solutions, LP (“ARS”or the “Company”), an Oregon-based provider of retirement plan design, administration and consulting services. ARS is a leading provider […]

Fvlcrum Funds Acquires Gulf Coast Crane Services, LLC

Washington D.C. (PRWEB) August 02, 2022 FVLCRUM Funds (“FVLCRUM”) has completed the acquisition of Gulf Coast Crane Services, LLC (“Gulf Coast Crane”or the “Company”). Gulf Coast Crane is a crane rental services solutions and equipment company headquartered in Corpus Christi, Texas. Gulf Coast Crane is the first company to be acquired by FVLCRUM’s Crane Services […]

Mill Point Capital Acquires Vehicle Management Solutions

Markham, IL – July 26, 2022 – URT United Road Towing, Inc. (“VMS”, or the “Company”), a leader in vehicle management solutions for both public- and private-sector clients, announced that it has partnered with Mill Point Capital LLC (“Mill Point”), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT […]

Wind Point Partners Portfolio Company Acquires Construction Management Services Provider

WEYMOUTH, Mass., July 29th, 2022 – The Vertex Companies, LLC (“Vertex”) a portfolio company of Wind Point Partners (“Wind Point”), is pleased to announce the acquisition of Fulcrum, LLC (“Fulcrum”or the “Company”), a premier construction management consulting services firm that serves clients across North America. Fulcrum is well-positioned to serve its clients throughout the life […]

Blend360 Receives $100 Million Minority Investment From Recognize

August 9th, 2022-Columbia, MD-Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]

Bregal Sagemount Portfolio Company Acquires Leading Saas Provider

WALTHAM, Mass., Aug. 3, 2022 /PRNewswire/ – Buyers Edge Platform (“Buyers Edge”), a leading digital procurement platform with more than $20 billion in total foodservice spend under management, today announced the acquisition of ArrowStream, a leading provider of supply chain management Software-as-a-Service (“SaaS”) to the foodservice industry. Emerging from what has been one of the most challenging periods in foodservice […]

Bregal Sagemount Announces Strategic Growth Investment In BuildingLink

NEW YORK–(BUSINESS WIRE)–Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, today announced a strategic growth investment in BuildingLink, a leading provider of operations and resident engagement software for luxury residential properties worldwide. Financial terms of the transaction were not disclosed. Headquartered in New York City, BuildingLink provides property managers with the tools to optimize […]

Bishop Fox Secures $75 Million In Growth Funding From Carrick Capital Partners

PHOENIX, AZ – July 14, 2022 – Bishop Fox, the leading authority in offensive security, today announced $75 million in Series B funding from growth-oriented investment firm, Carrick Capital Partners. The strategic second round brings total funding to $100 million for the 17-year-old cybersecurity firm. The funding will be used to grow the company’s unparalleled team of […]

Wind Point Portfolio Company Acquires Espresso Partners

Chicago, Ill., July 20th, 2022 – Smart Care, a portfolio company of Wind Point Partners (“Wind Point”), today announced the acquisition of Espresso Partners, Inc. (“Espresso Partners”or the “Company”). Espresso Partners represents Smart Care’s twentieth acquisition since 2017 and the fifth under Wind Point’s ownership. The addition of Espresso Partners expands Smart Care’s Specialty Coffee […]

Wind Point Portfolio Company Acquires Firecom

CHANTILLY, Va., July 12, 2022 – Corbett Technology Solutions, Inc. (“CTSI”), a portfolio company of Wind Point Partners (“Wind Point”), is pleased to announce the acquisition of Firecom (the “Company”), the largest privately held fire alarm company in New York City. Firecom provides turnkey design, engineering, installation, maintenance, and repair services for customers across New […]

Mill Point Portfolio Company Partners With Gillette Creamery

The Bronx, NY – June 21, 2022 – GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and the parent company of E&M Logistics, Jack & Jill and A. Panza & Sons, announced today that it has partnered with Gillette Creamery (“Gillette”), a full-service direct store food and ice cream distributor […]

One Rock Capital Portfolio Company Acquires Vitae Naturals

KANKAKEE,IL – June 28, 2022 – Kensing, LLC (“Kensing”or the “Company”), a leading manufacturer of Natural Vitamin E, Plant Sterols and high-purity surfactants, and a portfolio company of One Rock Capital Partners, LLC (“One Rock”), today announced its acquisition of Vitae Naturals (“Vitae”), a leading producer of Plant Sterol Esters and Non-GMO Natural Vitamin E derivatives […]

NAIC & AIC Announce Second Class Of Paradigm Changers Internship Program

WASHINGTON, D.C. – The National Association of Investment Companies (NAIC) and American Investment Council (AIC) announced the second class of its new Paradigm Changers internship program for graduate and undergraduate students focused on introducing diverse women from non-traditional fields of study to alternative investment industries. The internship program was created by NAIC and AIC to […]

Clearlake Capital-Backed Cornerstone Enters A Definitive Agreement To Acquire SumTotal

SANTA MONICA, Calif. – June 13, 2022 – Cornerstone OnDemand, Inc., a leader in adaptive cloud-based HR software solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has entered into a definitive agreement with Skillsoft (NYSE: SKIL), to acquire SumTotal, a provider of learning and human capital management software-as-a-service (“SaaS”) for […]

MBA Fellows Gain Valuable Experience And Support NAIC’s Mission

Now in its third year, the NAIC Fellowship Program continues to provide second-year diverse MBA students with valuable industry experience and networking opportunities – essential components to increasing diverse representation in the alternative investments industry. Our 2021-2022 cohort hit the ground running, bolstering our programs and lending their talent and energy to their host firms. […]

Consortium Led By Todd Boehly And Clearlake Capital Acquires Chelsea Football Club

LONDON, ENGLAND, May 30, 2022 – The consortium led by Todd Boehly, chairman and CEO of Eldridge, and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced completion of the ownership transfer of Chelsea Football Club (“Chelsea FC”or “the Club”). The consortium also includes Hansjörg Wyss, founder of the Wyss Foundation, and Mark Walter, co-founder and […]

Dynamk Co-Leads $21M Vernal Biosciences Round

COLCHESTER, Vt., June 2, 2022 /PRNewswire/ — Vernal Biosciences, a technology-leading mRNA manufacturer and formulator of LNP-mRNA, announced today the completion of a $21 million financing to fully integrate its mRNA manufacturing solutions. The round was led by Ampersand Capital Partners and Dynamk Capital, with existing investors Alloy Therapeutics and ATUM participating. The round also […]

One Rock Capital Partners Acquires Therm-O-Disc From Emerson

NEW YORK, June 1, 2022 – One Rock Capital Partners, LLC (“One Rock”) today announced that one of its affiliates has successfully completed the previously announced acquisition of Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR). Therm-O-Disc is a leading designer and manufacturer of safety-critical sensors, thermal cutoffs and sealed connecting components primarily used in heating, ventilation […]

SamaCare Closes $12M Series A Led By Clearlake-Backed Vive Collective

San Francisco, CA – June 1, 2022 – SamaCare, a prior authorization platform for physician-administered medications, today announced the close of a $12 million Series A funding round led by Clearlake Capital-backed Vive CollectiveTM, with participation from existing investors including NextView Ventures, South Park Commons, and Susa Capital. As part of the investment, Vive’s Founder and CEO […]

Wind Point Partners Portfolio Company Acquires Almcoe Refrigeration

Alsip, Ill., May 17, 2022 – Smart Care, a portfolio company of Wind Point Partners (“Wind Point”), is pleased to announce the acquisition of Almcoe Refrigeration Company, LLC (“Almcoe”, “Almcoe Refrigeration”, or the “Company”). Almcoe represents Smart Care’s 18th acquisition since 2017 and the third under Wind Point’s ownership. The addition of Almcoe strengthens Smart […]

Grain Management-Backed Network Wireless Solutions Acquires JF Tech

DURHAM, NC (April 21, 2022) – Network Wireless Solutions, LLC (“NWS”), a rapidly growing solutions and logistics provider to carriers and telecommunications contractors, announced today that it has acquired JF TECH, Inc.  (“JF TECH”or the “Company”), a manufacturing and distribution company focused on providing solutions for the Canadian wireless and wireline industry.  NWS is a portfolio company of Grain […]

Standard Real Estate Investments Invests In NYC Multi-Use Development Project

Standard Real Estate Investments, LP (Standard), a minority-owned real estate private equity firm focused on providing joint venture equity to developers, and Belay Investment Group, LLC (Belay) today announced a second strategic investment.  Standard and Belay closed an equity investment in a mixed-use development project located at 1333 Broadway in the Bushwick section of Brooklyn, NY. […]

One Rock Capital Partners To Acquire Prefere Resins Group

NEW YORK, April 11, 2022 – One Rock Capital Partners, LLC (“One Rock”), an operationally focused private equity firm, today announced that one of its affiliates has entered into a definitive agreement to acquire Prefere Resins Group (“Prefere”or the “Company”) from Silverfleet Capital. Prefere is a pan-European leader of adhesive resins and formulations used in engineered […]

Clearlake Capital-Backed Wheel Pros Acquires TeraFlex

GREENWOOD VILLAGE, CO and WEST JORDAN, UT – April 1, 2022 – Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and in partnership with management, today announced it has acquired TeraFlex (or […]

Wind Point Partners Portfolio Company Acquires Neptune Fire Protection Engineering

WEYMOUTH, Mass., April 14, 2022 – Wind Point Partners (“Wind Point”) and portfolio company The Vertex Companies, LLC (“Vertex”), a leading multidisciplinary engineering and consulting firm that provides forensic consulting, engineering design, construction advisory, dispute resolution, environmental consulting, and digital solutions, are pleased to announce the acquisition of Neptune Fire Protection Engineering, LLC (“Neptune”or the […]

Gennx360 Capital Partners Portfolio Company Acquires OK Generators

New York, New York. April 06, 2022 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce GenServe’s acquisition of OK Generators (or the “Company”). GenServe is a portfolio company of GenNx360, a New York-based private equity firm investing in middle market business services and industrial companies. GenServe is the largest independent provider of scheduled and emergency […]

One Rock Capital Partners Sells Monarch Landscape Companies To Audax Private Equity

NEW YORK | April 1, 2022 – One Rock Capital Partners, LLC (“One Rock”), a value-oriented, operationally focused private equity firm, is pleased to announce that one of its affiliates has sold Monarch Landscape Companies, LLC (“Monarch”or the “Company”) to Audax Private Equity (“Audax”). Monarch offers high-quality, sophisticated landscaping solutions to commercial customers across the western […]

Mill Point Capital Partners With Cancos Tile & Stone

Farmingville, NY – April 1, 2022 – Cancos Tile Corporation (“Cancos”, or the “Company”), a leading regional distributor and retailer of luxury ceramic tile and natural stone, announced that it has partnered with Mill Point Capital LLC (“Mill Point Capital”), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT […]

Clearlake And Siris-Backed Newfold Digital Expands E-Commerce Solutions With The Acquisition Of YITH

JACKSONVILLE, Florida, March 17, 2022 – Newfold Digital, a leading web and commerce technology provider backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital Group, LLC (together with its affiliates, “Siris”), has acquired YITH, one of the largest independent sellers and developers of WooCommerce plugins and themes for WordPress, a free […]

OceanSound Partners Portfolio Company Acquires Digital Solutions Provider

Netrix, award-winning provider of cybersecurity and end-to-end IT services, announced today the acquisition of Edrans, a solutions provider focused on harnessing the power of the cloud for midsize enterprise clients. The acquisition brings substantial scale to Netrix’s cloud solutions portfolio and adds advanced technical capabilities to better serve the company’s growing global customer base. Joining […]

IMB Partners Leads A Strategic Growth Investment Into Carr & Duff

BETHESDA, MD, AND HUNTINGDON VALLEY, PA, MARCH 15, 2022 – IMB Partners (“IMB”), a leading middle market private equity firm specializing in utility and government agency services, today announced that it has agreed to make a strategic investment in Carr & Duff (“C&D”), a southeastern Pennsylvania corporation providing specialty electrical construction services. Founded in 1958, […]

Clearlake Capital-Backed Cornerstone Enters Definitive Agreement To Acquire EdCast

March 17, 2022, SANTA MONICA, CA – Cornerstone OnDemand, a leader in adaptive cloud-based HR software solutions, today announced it has entered into a definitive agreement to acquire EdCast, a learning experience platform (“LXP”) software provider. Terms of the transaction, which is expected to close in Q2 2022, were not disclosed. The Company believes the combination […]

Wind Point Portfolio Company Acquires The Intermodal Division Of XPO Logistics

Chicago, March 25, 2022 – STG Logistics (“STG”) announced today that it has expanded its leading position in containerized logistics through the acquisition of the intermodal division of XPO Logistics, one of the largest providers of container transportation services in North America.  The combined business, which will go to market as STG Logistics, will stand […]

Palladium Equity Partners Announces B Corporation Certification

New York, NY, March 29, 2022 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”or the “Firm”), the oldest minority-owned private equity buyout firm in the industry with over $3 billion of assets under management today, announced that it has achieved Certified B Corporation™ (“B Corp”) status. The B Corp certification signifies that Palladium has […]

OceanSound Partners Portfolio Company Acquires Coating Specialists And Inspection Services, Inc.

RMA Group of Companies (“RMA”), a portfolio company of OceanSound Partners, today announced that it has acquired Coating Specialists and Inspection Services, Inc. dba CSI Services, Inc. (“CSI”), a specialty coating inspection services business based in Santa Clarita, CA. Following the previously announced merger with Western Technologies (“WT”), the acquisition of CSI is RMA’s second transaction […]

Newfold Digital Agrees To Acquire Deluxe’s Australia Web Hosting Operations

JACKSONVILLE, Fla. and MINNEAPOLIS, Mn. – (BUSINESS WIRE) – March 8, 2022 – Newfold Digital, a leading web and commerce technology company backed by Clearlake Capital Group, L.P. and Siris Capital Group, LLC, today announced it has entered into a definitive agreement with Deluxe (NYSE:DLX), a Trusted Payments and Business Technology™ company, to acquire Deluxe’s Australia web hosting […]

Wind Point Partners Portfolio Company Acquires Smart Care Equipment Solutions

Alsip, Ill., March 10, 2022 – Zone Climate Services (“Zone”), a portfolio company of Wind Point Partners (“Wind Point”), is pleased to announce the acquisition of Smart Care Equipment Solutions (“Smart Care”or the “Company”). The combination forms North America’s largest provider of comprehensive mechanical services, including complex rack refrigeration, stand-alone refrigeration, and hot-side cooking equipment. […]

Clearlake Capital To Acquire Discovery Education From Francisco Partners

SANTA MONICA, CA and CHARLOTTE, NC – March 9, 2022 – Discovery Education, Inc., (“Discovery Education”or the “Company”), a global edtech company whose digital learning software platform supports educators and improves student achievement, today announced it has entered into a definitive agreement to be acquired by an affiliate of Clearlake Capital Group, L.P. (together with its […]

HarbourVest Partners Announces Close Of HIPEP IX

BOSTON-HarbourVest Partners, a global private markets investment specialist, today announced the final close of its HIPEP IX Fund at over $1.6 billion in commitments. The Fund closed above the target size of $1.25 billion. HIPEP IX provides investors with access to leading private equity managers and investments in Europe and Asia Pacific, the two major private equity […]

Sagard’S VC Arm Closes Third Venture Fund

TORONTO and MONTREAL, March 10, 2022 – Portage Ventures (“Portage”) announced the sixth closing of Portage Ventures III LP (together with its parallel funds and master fund, “Portage III”), its third venture fund focused on fintech investments in the United States, Canada and Europe. Portage III has raised US$616M to date, making it one of […]

GCM Grosvenor Raised $1.5 Billion For Diverse Manager Investment Mandates In 2021

CHICAGO, Feb. 11, 2022 – GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it raised $1.5 billion for diverse manager investment mandates in 2021, bringing its total diverse manager assets under management (AUM) to approximately $11 billion as of December 31, 2021. The $1.5 billion consists of approximately $500 […]

Gennx360 Capital Partners Announces Majority Investment In Tensentric

New York, New York.  February 15, 2022.  GenNx360 Capital Partners (“GenNx360”), a New York City-based private equity firm investing in middle market business-to-business services and industrial companies, is pleased to announce its growth investment in Tensentric (the “Company”). Based in Boulder, Colorado, Tensentric provides outsourced design, engineering, prototyping and assembly services for leading Medical Technology, In-Vitro Diagnostic […]

Wind Point Partners Portfolio Company Acquires Fine Line Settings

El Paso, Texas, February 8, 2022 – Handgards, Inc. (“Handgards”), a portfolio company of Wind Point Partners (“Wind Point”), today announced the acquisition of Fine Line Settings, Inc. (“Fineline”or the “Company”), a fast-growing manufacturer and supplier of disposable tableware and packaging products, including eco-friendly compostable and recyclable solutions. Fineline’s innovative products are highly complementary with […]

Mill Point Capital LLC Portfolio Company To Merge With VeriStor Systems

Philadelphia, PA – February 10, 2022 – Anexinet Corporation, a Mill Point Capital LLC portfolio company, and Veristor Systems Inc. announced today that they are merging. The unified company will offer full-lifecycle expertise across the complete technology landscape and deliver the superior technical experience customers need to make informed decisions in today’s complex digital world. The […]

Wind Point Partners Acquires Palmex

Chicago, IL, February 22, 2022 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, has acquired Palmex S. de R.L. de C.V. (“Palmex”or the “Company”), a manufacturer of better-for-you (“BFY”) and Hispanic snack pellets for salty snacks based in Monterrey, Mexico. The acquisition will serve as a platform to build a North American […]

Recognize Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

New York, NY- January 13, 2022- Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, announced today that it has raised approximately $1.3 billion for its inaugural fund. With disruptive technologies driving enterprises to reimagine their operating models, Recognize seeks to partner with next-generation technology services firms to translate […]

Constant Contact Agrees To Acquire Vision6

WALTHAM, MA and BRISBANE, AUSTRALIA – January 10,  2022 – Constant Contact, a digital marketing platform trusted by millions of small businesses, today announced it has signed a definitive agreement to acquire Vision6. The transaction is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions and regulatory approvals. Terms of […]

OceanSound Partners Portfolio Company Merges With Western Technologies

RMA Group of Companies (“RMA”), a portfolio company of OceanSound Partners, today announced that it has merged with Western Technologies, Inc. and Enviro-Drill, Inc. (collectively, “Western Technologies”or “WT”) to create a leading provider of technology-enabled laboratory testing, inspection, and quality management services for critical infrastructure end-markets. Ed Lyon, RMA’s President and CEO, will lead the newly combined business, supported by […]

Wind Point Partners Announces Strategic Minority Investment By Goldman Sachs’ Petershill Partners

Chicago, Ill – January 18, 2022 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, today announced that Goldman Sachs Asset Management’s Petershill Platform (“Petershill”) has made a minority investment in Wind Point. The partnership creates a strategic relationship with one of the world’s leading investment managers and positions Wind Point for continued […]

Clearlake-Backed Precisely Signs A Definitive Agreement To Acquire PlaceIQ

BURLINGTON, Mass. – January 19, 2022 – Precisely, a global leader in data integrity software, today announced it has signed a definitive agreement to acquire PlaceIQ, a leading data and technology provider that powers marketing and business decisions with location-based consumer insights. Financial terms were not disclosed. The acquisition of New York-based PlaceIQ expands the Precisely data […]

Mill Point Portfolio Company Acquires Pension Planners Northwest

Florham Park, NJ – December 13, 2021 – Prime Pensions LLC (“Prime Pensions”), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced today that it has acquired Pensions Planners Northwest, Inc. (“PPNW”or the “Company”), an Oregon-based provider of retirement plan design, administration and consulting services. PPNW is a leading provider of third-party retirement plan […]

NexPhase Capital Exits Investment In OmniSYS Through Sale To XIFIN

NEW YORK, NY-DECEMBER 23, 2021 NexPhase Capital, LP (“NexPhase”), a thematic and operationally focused private equity firm, announced today the sale of OmniSYS, a leading provider of technology solutions for the retail pharmacy industry, to XIFIN, a healthcare IT company focused on improving the economics and delivery of care. Together, XIFIN and OmniSYS will support […]

Grain Management-Backed Hunter Communications Acquires XS Media And Online NW

Medford, Oregon, December 31, 2021 Today, Hunter Communications, Oregon’s largest privately owned fiber-optic internet provider, backed by Grain Management, LLC (Grain), announced that it has acquired McMinnville Access Company LLC,  the parent company to Online NW and XS Media. “This acquisition is a significant milestone to bringing better internet service to underserved Willamette Valley communities,”said Michael Wynschenk, CEO, Hunter Communications. “The […]

Standard Real Estate Investments Acquires Seven-Property Land Assemblage In Washington D.C.

Standard Real Estate Investments, LP (Standard), a minority-owned real estate investment firm, announced the acquisition of a seven-property land assemblage in Washington D.C.’s Ward 8, adjacent to the St. Elizabeths East campus.  The two-acre site includes the southern entrance to the Congress Heights Metro station. Trammell Crow Company, one of the nation’s largest development and investment […]

Hain Celestial Acquires Parmcrisps And Thinsters From Clearlake

Lake Success, NY, December 28, 2021 – The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial,””Hain”or the “Company”) today announced the completion of its acquisition of That’s How We Roll from Clearlake Capital Group. That’s How We Roll is the producer and marketer of ParmCrisps® and Thinsters®, two fast-growing brands offering simple and delicious, better-for-you snacks. The […]

Palladium Portfolio Company Acquires Three Businesses

Franklin, TN, January 6, 2022 – Health Connect America, Inc. (“Health Connect America”or the “Company”), a mission-driven behavioral health services platform, today announced that it has completed the acquisitions of three companies – Family and Children First, LLC (“Georgia HOPE”), Pinnacle Family Services Holdings, LLC (“Pinnacle”) and Healing Educational Alternatives for Deserving Students, LLC (“HEADS”). These acquisitions […]

Clearlake Capital-Backed Dude Solutions Acquires Energy Profiles Limited To Strengthen ESG Reporting

Cary, NC – January 6, 2022 – Dude Solutions, a SaaS provider of cloud-based operations management solutions backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Energy Profiles Limited (“EPL”), a software provider enabling Environmental, Social, and Governance (ESG) optimization for customer facilities. Financial terms were not disclosed. Based in […]

Carrick Capital Partners Announces Three Portfolio Company Exits

San Francisco and Newport Beach, CA – December 16, 2021 – Carrick Capital Partners, a growth-oriented investment firm focused on software and software-enabled businesses, today announced the completion of three portfolio company sales in the final quarter of 2021. “At Carrick we apply repeatable process improvements in software and the tech-enabled business services sector to help […]

Clearlake Capital-Backed Wheel Pros Acquires Throtl

GREENWOOD VILLAGE, CO and SAN DIEGO, CA – January 6, 2021 – Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and in partnership with management, today announced it has acquired throtl, an […]

Wind Point Portfolio Company Acquires Total Line Refrigeration

Alsip, Ill., December 23, 2021 – Zone Climate Services (“Zone”), a portfolio company of Wind Point Partners (“Wind Point”), is pleased to announce the acquisition of Total Line Refrigeration, Inc. (“Total Line”or the “Company”). Total Line is Zone’s first acquisition under Wind Point’s ownership and enables Zone’s expansion into Ohio as well as the addition […]

Clarus Capital, A New Commercial Finance Company, Launches With $300 Million Commitment From Bharcap Partners

BOSTON, Dec. 15, 2021 /PRNewswire/ – Clarus Capital (“Clarus”) announced today that it has launched as a new commercial finance company focused on delivering efficient capital solutions to finance tangible assets for leveraged middle market companies. Clarus offers lease and loan products with various end-of-term options to finance the acquisition of a wide range of revenue generating and […]

Happy New Year! A Robust Slate Of NAIC Initiatives For 2022

Dear Friends and Colleagues, Welcome to 2022! We hope everyone has had a safe and happy holiday season. As we gear up for the new year, NAIC wanted to share a bit about a few of the programs in the pipeline. These initiatives deliver on our mission to showcase the talent in the diverse marketplace, […]

Prominent Pension Funds To Meet With Leading Diverse Asset Managers In NAIC-Ncpers Institutional Investor Roadshow January 27th

WASHINGTON, January 5, 2022 – The National Conference on Public Employee Retirement Systems (NCPERS), the largest trade association for public sector pension funds, and The National Association of Investment Companies (NAIC), the industry association for and largest network of diverse-owned alternative asset management firms, jointly announced today that they will co-host an Institutional Investor Roadshow […]

Brown Venture Group Announces Bank Of America’s Investment In Inaugural Fund

Minneapolis, MN (Dec. 9, 2021) – Brown Venture Group LLC, a Black-owned venture capital firm formed to fund Black, Latinx and Indigenous technology entrepreneurs, announced today that it has received significant equity funding from Bank of America. “Bank of America was one of the very first Fortune 500 companies to recognize the tremendous upside potential […]

Wind Point Partners Acquires Good2Grow

Chicago, IL, December 8, 2021 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, has acquired good2grow, LLC (“G2G”or the “Company”), an Atlanta-based better-for-you kids’ nutrition platform providing single serve juice, fortified water and milk products. The Company delivers their unique product with a collectable spout top (“toppers”) based on famous characters from […]

One Rock Capital-Backed BlueTriton Brands Acquires Saratoga Spring Water Company

STAMFORD, Conn., November 23, 2021 – BlueTriton Brands, Inc. (“BlueTriton” or the “Company”), an industry leader in natural spring water, today announced that it has successfully completed the acquisition of certain assets of Saratoga Spring Water Company (“SSWC”), a nationally recognized producer of premium domestic spring water based in Saratoga Springs, New York. SSWC is sold […]

Clearlake Capital To Acquire Quest Software From Francisco Partners

SANTA MONICA, CA and ALISO VIEJO, CA – November 29, 2021 – Quest Software (“Quest”or the “Company”), a global cybersecurity, data intelligence, and IT operations management software provider, announced it signed a definitive agreement with Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) to acquire the Company from Francisco Partners. Patrick Nichols, current CEO of […]

Wind Point Partners Portfolio Company Acquires International Warehouse Services

Bensenville, IL, November 18, 2021 – STG Logistics, Inc (“STG”), a portfolio company of Wind Point Partners (“Wind Point”), today announced the acquisition of International Warehouse Services, Inc. (“IWS”or the “Company”), a logistics provider of warehousing, trucking, brokerage and documentation, customs clearance, and distribution services in Port Everglades, Fla. IWS is the leading provider of […]

Avante Capital Partners Announces Unitranche Financing In Selerix Systems, Inc.

Los Angeles, CA (November 2021) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and equity investment in Selerix Systems, Inc. (“Selerix”) to support a new portfolio investment by NexPhase Capital, LP (“NexPhase”). Based in McKinney, TX, Selerix is a leading provider […]

Argand Partners Portfolio Company Acquires Pioneer Concrete Pumping Service

DENVER, Nov. 02, 2021 (GLOBE NEWSWIRE) – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH”or the “Company”), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K., today announced that it completed the acquisition of Pioneer Concrete Pumping Service, Inc. (Pioneer). Pioneer is a leading concrete pumping service provider […]

Sagard Announces First Closing Of Sagard Private Equity Canada’s Inaugural Fund

MONTREAL, November 16, 2021 – Sagard today announced the successful first closing of Sagard Private Equity Canada’s Canadian mid-market private equity fund (“Sagard PE Canada”or the “Fund”) with commitments totaling CA$200 million. Sagard PE Canada’s mission is to build a private equity franchise that will be recognized as the partner of choice for Canadian mid-market […]

Clearlake-Backed Confluence To Acquire Compliance Solutions Strategies

Pittsburgh, PA, November 9, 2021 – Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data challenges, today announced that it has agreed to acquire Compliance Solutions Strategies (“CSS”), a global regulatory software (“RegTech”) company that enables financial services firms to meet mandatory regulatory compliance requirements.  Confluence is backed by Clearlake […]

Calcium Partners With NexPhase Capital To Expand Growth

November 9, 2021, Philadelphia, PA – Calcium, a leading mid-sized healthcare marketing agency serving a variety of blue-chip life-science companies and brands, has announced a financial partnership with NexPhase Capital to support its strategic growth plan. According to Calcium Founder and Chairman of the Board Steven Michaelson, formerly the Chief Executive Officer, NexPhase Capital represents “exactly […]

Cabrera Capital Markets And Blackrock Partner To Announce Dedicated Cash Management Share Classes

Chicago, Illinois, November 12, 2021 – Cabrera Capital Markets (“CCM”) announced today three new Cabrera Capital Markets Share Classes on money market funds offered by BlackRock Global Cash Management, expanding our cash management solutions offeringsfor ourinstitutional clients. The share classes, backed by BlackRock’s leading cash management platform, are BlackRock Liquid Federal Trust Fund (CCMXX), BlackRock […]

NAIC E-News Archive 2021

A collection of 2020 issues of the NAIC bi-weekly email newsletter containing NAIC news, industry news and updates, NAIC member news member deals and more.   August 26, 2020 August 13, 2020 July 28, 2020 July 13, 2020 June 29, 2020 June 18, 2020 June 4, 2020 May 20, 2020 May 5, 2020 April 20, […]

NAIC Hires Director Of Partnerships And Alliances To Oversee Growing Corporate And Industry Alliances

WASHINGTON – November 15, 2021: The National Association of Investment Companies (NAIC), the largest network of diverse- and women-owned private equity firms and hedge funds, today announced that Marissa L. Mahoney has joined the association as Director of Partnerships and Alliances. In this senior position, Marissa will manage NAIC’s collaborations with industry associations and multi-year […]

Recognize Makes Strategic Investment In SpringML

14 October 2021 – Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board […]

Clearlake Capital-Backed nThrive To Acquire Transunion’s Healthcare Business

SANTA MONICA, CA, ALPHARETTA, GA and CHICAGO, IL – October 26, 2021 – nThrive, Inc. (“nThrive”), a leading healthcare revenue cycle management (“RCM”) software-as-a-service (“SaaS”) platform backed by Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”), today announced it has signed a definitive agreement to acquire TransUnion Healthcare, Inc., the healthcare data and analytics business of […]

AnaptysisBio Agrees To Monetize Portion Of JEMPERLI Royalties With Sagard

SAN DIEGO, Oct. 25, 2021 (GLOBE NEWSWIRE) – AnaptysBio, Inc. (Nasdaq: ANAB), a clinical-stage biotechnology company developing first-in-class antibody product candidates focused on emerging immune control mechanisms applicable to inflammation and immuno-oncology indications, today announced the signing of an agreement with Sagard Healthcare Royalty Partners to monetize a portion of AnaptysBio’s future JEMPERLI royalties and milestones. AnaptysBio intends to utilize the proceeds of […]

Argand Partners Becomes A Signatory To ILPA’s Diversity In Action Initiative

NEW YORK, October 18, 2021 – Argand Partners, LP (“Argand”), the New York- and San Francisco Bay Area-based industrials private equity firm, today announced that it has become a signatory to the Institutional Limited Partners Association (“ILPA”) Diversity in Action initiative. The ILPA Diversity in Action initiative brings together limited partners and general partners who […]

Wind Point Partners Portfolio Company Acquires The Protection Bureau

CHANTILLY, Va., October 18, 2021 – Corbett Technology Solutions, Inc. (“CTSI”), a portfolio company of Wind Point Partners (“Wind Point”), is pleased to announce the acquisition of The Protection Bureau (the “Company”), an industry leader in systems integration, service, and central station monitoring of enterprise burglar alarm, fire alarm, video surveillance, and access control systems. […]

Wind Point Partners Announces Sale Of Railworks To Bernhard Capital Partners

Chicago, Illinois – September 30, 2021 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, announced today it has entered into an agreement to sell portfolio company RailWorks Corp. (“RailWorks”or the “Company”) to Bernhard Capital Partners Management, LP (“Bernhard Capital”), a services and infrastructure-focused private equity firm. The transaction is expected to close […]

Virica Biotech Raises Series A Financing Led By Dynamk Capital

OTTAWA, Ontario–(BUSINESS WIRE)–Virica Biotech Inc., a leading life science developer of solutions for scaling of viral medicines, announced today the first closing of its Series A financing. The round, led by Dynamk Capital, is expected to close with additional investors by the end of Q4-2021. The investment strengthens Virica’s already impressive growth trajectory, as it […]

Grain Management-Backed Great Plains Communications Acquires USA Communications

BLAIR, Nebraska, October 1, 2021 – Great Plains Communications (GPC), a Midwestern telecommunications provider with a growing, privately-owned 13,500+ mile fiber network touching 13 states, backed by Grain Management, LLC (Grain), announced today that it has completed the acquisition of USA Communications, a growth-oriented provider headquartered in Kearney, Nebraska. “We are excited to announce the acquisition of this impressive […]

Arkview Capital Joint Venture Acquires Marinvest Fleet

Majuro, Marshall Islands, 1 October 2021 — Clean Sea Transport announces that it has acquired 100% of the shares in Marinvest AB and its managed fleet consisting of five modern dual-fuel methanol carriers on long term charters of up to 15 years to a joint venture partner, Waterfront Shipping Limited, a subsidiary of Methanex Corporation, […]

NAIC And Lockton Partnership To Provide Diverse-Owned Private Equity Firms With Industry-Leading Risk And Transaction Services

KANSAS CITY and WASHINGTON D.C., October 11, 2021 – Lockton Companies, the world’s largest privately held, independent insurance brokerage firm and leading provider of risk management, transaction advisory and other professional services, and the National Association of Investment Companies (NAIC) jointly announced a strategic partnership in which diverse-owned alternative investment firms will gain access to […]

Introducing The 2021-2022 Cohort Of NAIC MBA Fellows!

For our industry to continue to thrive, there must be a robust and well-maintained pipeline to diverse talent. In recognition of this simple but important fact, we launched the NAIC MBA Fellowship Program in 2019. Through this program, MBA students gain valuable hands-on experience, mentorship from industry leaders and critical exposure to the opportunities in […]

Argand Partners-Backed Concrete Pumping Holdings Acquires Hi-Tech Concrete Pumping Services

DENVER, Sept. 08, 2021 (GLOBE NEWSWIRE) – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH”or the “Company”), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K., today announced that it completed the acquisition of Hi-Tech Concrete Pumping Services (“Hi-Tech”). Hi-Tech is a leading provider of concrete pumping services […]

Wind Point Partners Acquires Engineering And Consulting Firm

Chicago, IL, September 2, 2021 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, has acquired The Vertex Companies, Inc. (“Vertex”or the “Company”), a leading multidisciplinary engineering and consulting firm that provides forensic consulting, engineering design, construction management, dispute resolution, environmental, and digital solutions to insurance carriers, sureties, law firms, real estate owners, […]

Gennx360 Capital Partners Announces Majority Investment In Whitsons Culinary Group

New York, New York: GenNx360 Capital Partners (“GenNx360”), a New York City-based private equity firm investing in middle market business-to-business industrial and business services companies, in partnership with the management team of Whitsons Culinary Group (“Whitsons” or the “Company”), is pleased to announce a majority investment in Whitsons. Headquartered in Islandia, NY, Whitsons is a provider of dining […]

Avante Capital Partners Announces Unitranche Debt Financing In Genius SIS, LLC

Los Angeles, CA (September 2021) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and equity investment in Genius SIS, LLC (“Genius”) to support a growth investment by Leeds Equity Partners (“Leeds Equity”). Leeds Equity is a private equity firm dedicated exclusively […]

Bharcap Partners Portfolio Company Invests In WMS Partners

WMS Partners (“WMS”), a $5 billion multi-family office focused on wealth planning and investing in both public and private markets, is pleased to announce it has closed an investment from TRIA Capital Partners (“TRIA”) through which TRIA will become a non-controlling, minority shareholder of the firm. TRIA’s passive investment is a cornerstone of WMS’s commitment […]

Mill Point Capital Partners With E&M Logistics

The Bronx, NY – September 7, 2021 E&M Logistics, Inc. (“E&M”, or the “Company”), one of the nation’s leading direct store delivery (“DSD”) distributors of ice cream, frozen and fresh foods, and beverages, announced that it has partnered with Mill Point Capital LLC (“Mill Point Capital”), a middle-market private equity firm focused on control-oriented investments […]

Netrix Acquires Provider Of Cloud-Focused Application Development & Modernization Services

Netrix Acquires PSC Group, a Provider of Cloud-Focused Application Development & Modernization Services Netrix, LLC, a leading provider of managed and professional IT services, with a core focus on cloud, security, collaboration, ITSM and application development solutions, today announced it has closed the acquisition of PSC Group, LLC. The acquisition adds significant scale to Netrix’s […]

Standard Real Estate Investments And Belay Investment Group Announce Strategic Investment Program

Standard Real Estate Investments, LP (Standard), a minority-owned real estate private equity firm focused on providing joint venture equity to developers, has formed a strategic investment program with Belay Investment Group, LLC (Belay). “We are proud to be aligned with Belay. They are a thoughtful, experienced team that shares our vision for how commercial investment actions […]

Palladium Equity Partners Acquires Health Connect America, Inc.

New York, NY and Franklin, TN, August 10, 2021 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a middle market private equity firm with nearly $3 billion in assets under management, today announced that it has acquired Health Connect America, Inc. (“Health Connect America”), a mission-driven behavioral health services platform, from Harren Equity Partners. […]

Wind Point’s A&R Logistics Acquires RJ’s Transportation

Chicago, IL, July 30, 2021 – A&R Logistics (“A&R”), a portfolio company of Wind Point Partners (“Wind Point”), today announced the acquisition of RJ’s Transportation (“RJ’s”or the “Company”), a provider of bulk liquid transportation and other logistics services to the chemical industry. RJ’s represents A&R’s third acquisition of a liquid chemical supply chain services provider […]

Grain Management Acquires Y-Com, A Leading Telecom, Utility, And Power Infrastructure Services Company

Grain Management, LLC (“Grain”or the “Firm”), a leading private investment firm exclusively focused on broadband technology and the global communications sector, announced today it has acquired Young’s Communications, LLC. (“Y-COM”or the “Company”), a premier Florida-based construction services provider serving telecommunications, utility, and power infrastructure customers in Florida and the southeast United States. Founded in 1972 as a cable […]

WM Partners Announces Agreement To Invest In Raw Sugar

August 4, 2021, Aventura, FL. — WM Partners, a certified diverse-owned private equity firm focused on investing in middle market companies and driving value creation in the health and wellness sector, today announced that HPH II Investments Master Fund, LP, together with its parallel, alternative investment and feeder funds (“HPH II”), through its wholly owned […]

Best Buy Commits Up To $10M Investment In Brown Venture Group’s Inaugural Fund

Minneapolis, MN (Aug 5, 2021) Brown Venture Group LLC, a venture capital firm formed to fund Black, Latino and Indigenous technology entrepreneurs, announced today that Best Buy (NYSE: BBY) has committed up to $10M to its inaugural fund. Brown Venture Group, a majority Black-led organization, was founded in 2018 with the goal of raising $50 […]

Grain Management Acquires Conexao, Announces LATAM Presence

Grain Management, LLC (“Grain”or the “Firm”), a leading private investment firm exclusively focused on broadband technology and the global communications sector, announced today that it has acquired Conexão Group (“Conexao”), one of the largest high speed internet service providers in the northeast and southeast regions of Brazil. Conexao is one of the fastest growing Brazilian […]

Clearlake Capital To Acquire Springs Window Fashions

Santa Monica, CA and Middleton, WI – July 28, 2021 – Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) today announced it has signed a definitive agreement to acquire Springs Window Fashions (“Springs”or the “Company”) from affiliates of AEA Investors, LP (“AEA”) and British Columbia Investment Management Corporation (“BCI”). Financial terms of the […]

Wind Point Portfolio Company Acquires CFS Division Of Arrowpac International

Downers Grove, IL, July 8, 2021 – STG Logistics, Inc (“STG”), a portfolio company of Wind Point Partners (“Wind Point”), today announced the acquisition of the New Jersey Container Freight Station division of Arrowpac International, Inc (“API”or the “Company”), a leading provider of ocean import container freight station (“CFS”) services in the New York and […]

OceanSound Partners Affiliate Acquires Managed It Services Business

Netrix, LLC, a leading provider of managed and professional IT services, with a core focus on cloud, security, collaboration, information technology service management (ITSM) and application development solutions, today announced the acquisition of the Managed IT Services business unit of Contegix, LLC. The acquisition significantly expands Netrix’s market presence in the Northeast and Mid-Atlantic regions, […]

Avante Capital Announces Subordinated Debt Financing

Los Angeles, CA (July 2021) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a subordinated debt investment in Corporate Relocation International, LLC (“CRI”) to support a portfolio company refinancing by ShoreView Industries, a Minneapolis-based private equity firm that has raised over $1.3 billion of […]

Rockcreek Surpasses $900 Million Invested In Black-Owned And Managed Firms

RockCreek announced today that it has surpassed $900 million invested in Black-owned and managed firms, companies, and funds. One of the world’s largest diverse-owned and managed investment firms, RockCreek invested $300 million in Black-owned and managed firms, companies, and funds in 2020. “From the very beginning at RockCreek, we knew that many of the most […]

Higher Education Technology Company Ellucian To Be Acquired By Blackstone And Vista Equity Partners

RESTON, VA – Blackstone (NYSE: BX) (“Blackstone”) and Vista Equity Partners (“Vista”) today announced that private equity funds managed by those firms have agreed to acquire Ellucian (the “Company”), a leading higher education technology solutions provider, from TPG Capital, the private equity platform of global alternative asset firm TPG, and Leonard Green & Partners, L.P. (“LGP”). Blackstone and Vista will invest […]

Wind Point Partners Announces Sale Of Pestell Nutrition To Barentz International

Chicago, IL, June 30, 2021 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, announced today it has entered into an agreement to sell portfolio company Pestell Nutrition (the “Company”) to Barentz International (“Barentz”). The transaction is expected to close in the Third Quarter of 2021, subject to the completion of specified closing […]

Topspin Consumer Partners Closes Oversubscribed Fund II At Hard Cap Of $205 Million

Mamaroneck, NY (June 16, 2021) – Topspin Consumer Partners (“Topspin”), an operationally-driven private equity firm focused on the consumer sector, is pleased to announce the final closing of Topspin Consumer Partners II (“TCP II”) at its hard cap of $205 million. The fund was oversubscribed with strong support from existing investors combined with significant new commitments […]

Clearlake Capital And Siris-Backed Constant Contact Agrees To Acquire SharpSpring

WALTHAM, MA and GAINESVILLE, FL – June 22, 2021 – Constant Contact, an established leader in online marketing, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital (together with its affiliates, “Siris”), today announced it has signed a definitive agreement to acquire SharpSpring, Inc. (“SharpSpring”) (NASDAQ: SHSP) in an all cash transaction valued […]

Argand Partners’ Cherry AG Successfully Completes IPO On The Frankfurt Stock Exchange

NEW YORK, June 29, 2021 –  Argand Partners, LP (“Argand”), the New York- and San Francisco Bay Area-based industrials private equity firm, today announced that its portfolio company, Cherry AG (“Cherry”or “the Company”), the world’s leading global designer and manufacturer of high-precision keyboard PC gaming mechanical switch technology, has successfully completed its IPO on the […]

2020-2021 Class Of NAIC MBA Fellows Outperform In The Face Of The Pandemic

We launched the NAIC MBA Fellowship Program in 2019 to introduce diverse young talent to opportunities in alternative investments. In 2020 – thanks to endowments generously provided by Grain Management, Palladium Equity Partners, Stellex Capital Management and Valor Equity Partners – we expanded the program from one Fellow to five: Nicole Allain-Stockton, Luigi Crevoisier, Najib […]

Goldman Sachs Asset Management And NAIC Partnership Expands Opportunities For Diverse Alternative Investment Managers

NEW YORK and WASHINGTON – July 6, 2021 – Goldman Sachs Asset Management (Goldman Sachs) and the National Association of Investment Companies (NAIC), the trade association for, and largest network of, diverse-owned alternative investment managers, announced today the formation of a joint multi-year partnership that is designed to promote objectives focused on diversifying the alternative […]

NAIC Announces Inaugural Cohort Of Its New Women In Alternatives Paradigm Changers Internship Program With Placements At Top Private Equity Firms Across The US

For Immediate Release: June 21, 2021 Contact:  Markette Sheppard or Eoin McKenna, wia@naicpe.com WASHINGTON-The National Association of Investment Companies (NAIC) today announced the inaugural cohort of its new Paradigm Changers internship program for graduate and undergraduate students focused on introducing diverse women from non-traditional fields of study to the alternative investments industry. The internship program […]

Crypto Corner: El Salvador And The Domino Effect

After a few weeks of cryptocurrency turbulence, June opened with a historic development. At the 2021 Bitcoin Conference in Miami – the world’s largest cryptocurrency event – Nayib Bukele, President of El Salvador, announced that the nation would adopt Bitcoin as legal tender. On June 8, 2021, the El Salvadoran Congress approved President Bukele’s proposal […]

Siris Capital Announces A Recommended Cash Offer For Equiniti Group PLC

New York – May 27, 2021 – Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that it has reached an agreement with the board of directors of Equiniti Group PLC (“EQ”or the “Company”) on the terms of a recommended cash offer for the entire […]

Wind Point Partners Acquires American Trailer Rental Group

Chicago, IL, June 2, 2021 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, has acquired American Trailer Rental Group (“ATRG”or the “Company”), a Kentucky-based leading provider of trailer rental solutions to manufacturing, distribution and 3PL customers. The Company owns and manages a fleet of over 16,000 units including dry van trailers, containers, […]

BeyondTrust Announces Investment From Clearlake Capital

ATLANTA and SAN FRANCISCO and SANTA MONICA, Calif., June 01, 2021 -BeyondTrust, a worldwide leader in Privileged Access Management (PAM) software solutions, announced today that it has received a significant new equity investment from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), a sector focused investment firm operating integrated businesses across private equity, credit and […]

GenNx360 Portfolio Company Acquires Keystone Turbine Services

New York, New York:  GenNx360 Capital Partners (“GenNx360”) today announced that its portfolio company, Precision Aviation Group, Inc. (“PAG”), has made its fourth acquisition since GenNx360’s investment through the purchase of Keystone Turbine Services (KTS). This transaction represents the latest step in an aggressive expansion strategy by GenNx360 for PAG. In 2018, GenNx360 took a controlling […]

Grain Management Announces Acquisition Of NWS

Grain Management, LLC (“Grain”or the “Firm”), a leading private investment firm exclusively focused on broadband technology and the global communications sector, announced today that it has acquired Network Wireless Solutions, LLC (“NWS”), a rapidly growing solutions and logistics provider to carriers and telecommunications contractors. Founded in 2012 and headquartered in Durham, North Carolina, NWS sells […]

One Rock Capital Partners Invests In ArchKey Solutions

NEW YORK, June 7, 2021 – One Rock Capital Partners, LLC (“One Rock”) today announced that one of its affiliates has entered into a definitive agreement to make a significant investment in ArchKey Solutions (“ArchKey”or the “Company”) alongside the Company’s management team. ArchKey is North America’s premier electrical and technologies contracting and services provider. The transaction, which […]

Korn Ferry And NAIC Develop Partnership Focused On Talent Acquisition And Leadership Development For The Alternative Investment Industry

WASHINGTON, June 1, 2021 – Korn Ferry (NYSE:KFY), a global organizational consulting firm and the National Association of Investment Companies (NAIC), the largest network of diverse-owned private equity firms and hedge funds, jointly announced today that they have formed an exclusive partnership to collaborate on a suite of transformational initiatives to improve diverse talent distribution […]

Argand Partners’ Portfolio Company Acquires Hygienic Peripherals Keyboard Specialist

NEW YORK, May. 10, 2021 –  Argand Partners, LP (“Argand”), the New York- and San Francisco Bay Area-based industrials private equity firm, today announced that its portfolio company, Cherry GmbH (“Cherry”), the world’s leading global designer and manufacturer of high-precision keyboard PC gaming mechanical switch technology, has completed the acquisition of Active Key GmbH & […]

Wind Point Portfolio Company Acquires Daved Fire Systems

Chantilly, VA, May 25, 2021 – Corbett Technology Solutions, Inc. (“CTSI”), a portfolio company of Wind Point Partners (“Wind Point”), announced today the acquisition of DavEd Fire Systems, Inc., (“DavEd”or the “Company”), a provider of fire alarm and security system design, integration, maintenance, and managed services. Founded in 1982, DavEd offers state of the art, […]

CentroMotion To Acquire Carlisle Brake & Friction

WAUKESHA, Wisconsin, May 25, 2021 – CentroMotion, a leading designer and manufacturer of highly engineered components and systems for the industrial and transportation markets, today announced that it has entered into a definitive agreement to acquire Carlisle Brake & Friction (“CBF”), the largest global manufacturer of friction materials and mechatronic solutions for off highway brake and […]

DailyPay Raises $500 Million, Led By Carrick Capital Partners

NEW YORK, May 18, 2021 /PRNewswire/ — DailyPay, the leader in on-demand pay solutions for enterprises, today announced it has secured $500 million of capital. The company is announcing a $175 million Series D equity round led by Carrick Capital Partners with participation from existing investors. In addition, the company is announcing it has raised […]

NexPhase Successfully Closes Oversubscribed Fund IV At Hard Cap

NEW YORK, NY-APRIL 21, 2021 – NexPhase Capital, LP (“NexPhase”), an operationally-focused private equity firm, today announced it has successfully closed NexPhase Capital Fund IV (“NPC IV”or the “Fund”) at its hard cap of $544 million, which represents more than a 50% increase over its predecessor fund, NexPhase Capital Fund III. The Fund was oversubscribed […]

Clearlake & TA Associates-Backed Precisely To Acquire Infogix

BURLINGTON, MA – May 5, 2021 – Precisely, the global leader in data integrity software, newly backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates, today announced a definitive agreement to acquire data integrity and governance software provider Infogix. The announcement comes less than two weeks after Clearlake and TA completed their […]

Wind Point Partners Portfolio Company Acquires Luckey Trucking

Chicago, IL, April 13, 2021 – Wind Point Partners and portfolio company A&R Logistics (“A&R”), one of North America’s leading providers of supply chain services for the chemical industry, announced today that A&R has acquired Luckey Trucking (“Luckey”or the “Company”), a provider of dry bulk, liquid bulk, dry van transportation, warehousing and logistics services to […]

Pythian Acquires SAP MSP Partner ManageServe

New York – April 6, 2021 – Pythian Services Inc. (“Pythian”), a leading data, analytics, and cloud services company and a portfolio company of Mill Point Capital LLC, announced today that the company has acquired ManageServe, a leader in SAP application hosting, implementation, migration, analytics, and end-to-end managed services. ManageServe’s 16 years of experience and […]

Clearlake-Backed ACS Acquires Lumber And Building Materials Provider

SPRINGFIELD, MO – April 2, 2021 – American Construction Source (“ACS”), a leading national building materials distribution platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC (“Angeles”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced the acquisition of  Foley Lumber (“Foley”) and Milaca Building Center (“Milaca”).  Foley and Milaca will operate under their […]

Grain Management To Sell WANRack To CBRE Caledon

Washington, D.C. (April 9, 2021) – Grain Management (“Grain” or the “Firm”), a leading private investment firm exclusively focused on broadband technology and the global communications sector, announced today it has entered into a definitive agreement to sell its controlling interest in WANRack LLC (“WANRack”) to CBRE Caledon Capital Management Inc. WANRack is a high-bandwidth, […]

One Rock Capital Affiliate Acquires Thermoplastics Distributor

THE WOODLANDS, Texas, April 1, 2021 – GPD Companies, Inc. (“GPD”), an affiliate of One Rock Capital Partners, LLC (“One Rock”), today announced that it has completed the previously announced acquisition of Distrupol, a leading European distributor of thermoplastics to the polymer processing industry, from Univar Solutions Inc. (NYSE: UNVR). Terms of the transaction were not […]

Koch Equity Development Affiliate To Acquire Transaction Network Services From Siris Capital

WICHITA, Kan., April 14, 2021 –  An affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc. (collectively, “Koch”), announced that it has agreed to acquire Transaction Network Services, Inc. (“TNS”) from affiliates of Siris Capital Group, LLC and TNS’ other minority equity holders. TNS provides secure, mission critical connectivity […]

Harlem Capital Closes Oversubscribed Fund II

New York – March 31, 2021. Harlem Capital, a diversity-focused venture capital firm, announced today the closing of Harlem Capital Partners Venture Fund II, LP (“Fund II”) at $134 million. The fund was oversubscribed from its target of $100 million and above its initial cap of $125 million. Harlem Capital was founded in 2015 with […]

Appriss Health Acquires PatientPing To Deliver Comprehensive Care Coordination Solutions

Louisville, KY and Boston, MA – March 23, 2021 – Appriss Health, a leader in cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Insight Partners, announced today that it has entered into a definitive agreement to acquire […]

Curi Bio Raises $6M Series A Financing Round Led By Dynamk Capital

Seattle, WA – March18, 2021 – Curi Bio Inc., a leading developer of human stem cell-based platforms for drug discovery, announced today it has raised $6 million in a Series A financing round. The round, led by Dynamk Capital, is expected to close with additional investors by the end of Q2 2021. The investment will […]

ICV Partners Announces Majority Investment In Cherry Tree Dental

NEW YORK, March 16, 2021 – ICV Partners, LLC, a leading investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today thatit has made a majority investment in Cherry Tree Dental (Cherry Tree), in partnership with Co-CEOs Steve Sorrel and Jack Young. Cherry […]

Royal Caribbean Group Sells Azamara Brand To Sycamore Partners

MIAMI – March 19, 2021 – Royal Caribbean Group (NYSE: RCL) (the Group) today announced it completed the sale of its Azamara brand to Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, in an all-cash transaction for $201 million. The sale included Azamara’s three-ship fleet and associated intellectual property. This […]

Wind Point Partners Acquires FoodScience Corporation

Chicago, IL, March 9, 2021 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, has acquired FoodScience Corporation (“FoodScience”or the “Company”), a Vermont-based formulator, manufacturer and marketer of high-quality nutritional supplements for humans and pets. FoodScience was founded in 1973 by Guido and Maria Orlandi and has since remained in the family under […]

One Rock Capital Partners Closes Fund III At $2.0 Billion Hard Cap

NEW YORK, March 10, 2021 – One Rock Capital Partners, LLC (“One Rock”) today announced that it has successfully closed its third flagship private equity fund at its hard cap, with total capital commitments of $2.0 billion. One Rock Capital Partners III, LP (“Fund III”) marks One Rock’s largest fund to date, having surpassed its target […]

Carrick Capital Partners Announces Growth Recapitalization Of Renalogic

PHOENIX, AZ & SAN FRANCISCO, CA (March 3, 2021) – Carrick Capital Partners (Carrick), a growth-oriented investment firm focused on software and software-enabled businesses with more than $1B in assets under management has made a significant investment in Renalogic, the industry leader in dialysis risk management and cost containment. Renalogic has grown rapidly in recent […]

Clearlake And TA Associates To Acquire Data Integrity Software Leader Precisely

PEARL RIVER, NY – March 3, 2021 – Precisely (“Precisely”or the “Company”), the global leader in data integrity, today announced it has signed a definitive agreement for Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates to acquire the Company. Josh Rogers, CEO of Precisely, will continue to lead the Company supported by the existing […]

Ariel Investments Introduces First Private Investment Initiative, Ariel Alternatives

Chicago, IL (February 17, 2021) – Ariel Investments, LLC (“Ariel”) today announced the launch of Ariel Alternatives, LLC (“Ariel Alternatives”or the “firm”), a private asset management firm. This announcement marks Ariel Investments’ first foray into the private investment sphere in its 38-year history. Ariel Alternatives’ initial strategic initiative (“Project Black”or “the initiative”) will have a mission […]

Wind Point Partners Raises $1.5 Billion For Fund IX

Chicago, IL, February 16, 2021 – Wind Point Partners, a leading Chicago-based private equity firm, today announced the recent closing of the firm’s ninth fund, Wind Point Partners IX (“Fund IX”), with approximately $1.5 billion in total commitments, including commitments from the General Partner and affiliates. The fundraise closed at the hard cap of $1.4 […]

Mill Point Capital Closes $886 Million Fund II At Hard Cap

NEW YORK – February 11, 2021 – Mill Point Capital LLC (“Mill Point”), a New York City based private equity firm, announced today the final close of Mill Point Capital Partners II, L.P. (“Fund II”). Fund II was highly oversubscribed with $886 million of total capital commitments and closed at its hard cap in less than four months. […]

Clearlake And Siris Affiliates Re-Establish Digital Marketing Industry Pioneer Constant Contact As A Standalone Company

Santa Monica, CA, New York, NY, and Waltham, MA – February 10, 2021 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Siris Capital Group, LLC (“Siris”) announced today a $400 million growth equity investment by their affiliates in cloud-based digital marketing leader Constant Contact, Inc. (“Constant Contact”or the “Company”). The Company will continue […]

One Rock Capital Partners And Metropoulos & Co. To Acquire Nestlé Waters North America

NEW YORK, February 16, 2021 – One Rock Capital Partners, LLC (“One Rock”) announced that one of its affiliates, in partnership with Metropoulos & Co., has entered into a definitive agreement to purchase Nestlé Waters North America (“NWNA”or the “Company”), a leading provider of bottled water in North America, from Nestlé S.A.  Subject to customary closing […]

Vista-Backed Khoros Acquires AI & Machine Learning Leader Flow.AI

AUSTIN, Texas–(BUSINESS WIRE)–Khoros, a global leader in digital-first customer engagement software, today announced that it has acquired Flow.ai, an innovative conversational AI platform for designing and managing chatbots. Adding Flow.ai’s state-of-the art technology advances Khoros’ conversational AI and machine learning (ML) capabilities, data science expertise, and reflects the Company’s continued investment in the automation framework that […]

Vista-Backed Social Solutions Global Acquires Athena Software

AUSTIN, Texas–(BUSINESS WIRE)–Social Solutions Global (“Social Solutions”), the leading provider of cloud software for non-profit and public sector social good organizations, today announced it will acquire Athena Software, a leading case management software solution, to accelerate their combined pace of innovation and impact on outcomes for social good organizations. Social Solutions and Athena Software are perfectly aligned […]

Vista Portfolio Company Citrix Systems To Acquire Wrike

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Citrix Systems, Inc. (NASDAQ:CTXS), today announced that it has entered into a definitive agreement to acquire Wrike, a rapidly growing, recognized leader in the SaaS collaborative work management space, for $2.25 billion in cash. Citrix today also reported earnings for the fourth quarter and fiscal year ended December 31, 2020 and has […]

Vista Portfolio Company Acquires Amino Payments

NEW YORK, Jan. 14, 2021 /PRNewswire/ — Integral Ad Science (IAS), the global leader in digital ad verification, today announced that it has acquired Amino Payments, a leading provider of programmatic advertising transparency. This acquisition furthers IAS’s commitment to deliver the most comprehensive set of programmatic transparency solutions for marketers, including its popular Total Visibility product which provides insight into […]

Khoros Acquires CX Innovator Topbox And Closes Significant New Growth Investment From Vista Equity Partners

AUSTIN, Texas–(BUSINESS WIRE)–Khoros, a global leader in digital-first customer engagement software, today announced that it has acquired enterprise customer experience (CX) analytics software maker Topbox and closed on an additional equity investment from existing Khoros investors, including leading global technology investment firm Vista Equity Partners (“Vista”), to help accelerate the Company’s momentum in the CX […]

Empowerment & Inclusion Capital I Corp. Closes Upsized $276M IPO

NEW YORK, NEW YORK, January 12, 2021 – Empowerment & Inclusion Capital I Corp. (NYSE: EPWR.U) (the “Company”) announced today the closing of its initial public offering of 27,600,000 units, including 3,600,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting […]

Wind Point Portfolio Company Acquires Paleteria La Michoacana

Ontario, California, January 19, 2021 – Wind Point Partners and portfolio company Tropicale Foods (“Tropicale”or the “Company”), a leading manufacturer of authentic Hispanic-inspired frozen novelty products under the Helados Mexico brand, are pleased to announce the acquisition of Paleteria La Michoacana (“PLM”), a portfolio company of Canum Capital Partners and Greyrock Capital Group. PLM is […]

Avante Capital Partners Announces Unitranche Financing In SSI Strategy Holdings

Los Angeles, CA (January 2021) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and equity investment in SSI Strategy Holdings LLC (“SSI”) to support a growth investment by Amulet Capital Partners (“Amulet”).  Headquartered in Parsipanny, NJ, SSI is an industry-leading provider of strategic consulting services for scientific […]

Caremetx, General Atlantic And The Vistria Group Announce Strategic Growth Partnership

CareMetx (or the “Company”), a leading technology-enabled hub services company improving patient access to specialty medications, General Atlantic, a global growth equity firm, and The Vistria Group, a Chicago-based private investment firm, today announced a strategic partnership to further accelerate the Company’s growth. With the transaction, General Atlantic will become the majority owner of CareMetx. […]

Clearlake Portfolio Company To List On New York Stock Exchange

TEMPLE, GA, AND SANTA MONICA, CA, December 22, 2020 – Clearlake Capital Group, L.P. (“Clearlake”) portfolio company Janus International Group, LLC (“Janus”or the “Company”), the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other industrial sectors, announced today that its indirect parent company, Janus Midco, LLC, […]

GenNx360 Capital Partners Announces Sale Of Appalachian Railcar Services

New York, New York – December 15, 2020 – GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, today announced the successful sale of its portfolio company, Appalachian Railcar Services (“ARS”or “the Company”), to Cathcart Rail (“Cathcart”). GenNx360 invested in ARS in March 2017 as part of a sector focused, proactive sourcing strategy targeting investments […]

One Rock Capital To Acquire Manufacturing Site And Associated Specialty Chemicals Businesses

NEW YORK, December 17, 2020 – One Rock Capital Partners, LLC (“One Rock”), today announced that one of its affiliates has entered into a definitive agreement to acquire the manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there (the “Company”) from […]

NexPhase Capital-Backed KnowFully Learning Group Acquires The Income Tax School

New York, NY and Radnor, PA – December 1, 2020 – KnowFully Learning Group (“KnowFully”or the “Company”), a leading provider of continuing professional education, exam preparation courses, and digital learning solutions to the accounting, finance, and healthcare sectors, today announced the acquisition of The Income Tax School, Inc. (“ITS”), a top-rated provider of training programs, […]

Clearlake Capital-Backed Dude Solutions Acquires Confirm

SANTA MONICA, CA and CARY, NC – December 9, 2020 – Dude Solutions, the leading SaaS provider of cloud-based operations management software, backed by Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced that it has completed the acquisition of Confirm® from Precisely. Terms of the transaction were not disclosed. Confirm software enables public sector […]

NAIC And The Toigo Foundation Form Partnership To Fuel The Pipeline Of Women In Alternative Investments

WASHINGTON, December 7, 2020 – To help support early-career women interested in exploring careers in alternative investments, the National Association of Investment Companies (NAIC) and the Toigo Foundation (Toigo) today announced a partnership to launch the NAIC Paradigm Changers Undergraduate and Graduate Internship Program, which includes education, career development programming, mentoring, and internships targeting undergraduate […]

Platinum Equity To Sell Building Materials Distributor To Clearlake

LOS ANGELES, CA, SANTA MONICA, CA AND IRVING, TX (November 16, 2020) – Platinum Equity announced today the signing of a definitive agreement to sell PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”). Terms of the transaction were not disclosed. PrimeSource is a leading global distributor of specialty […]

Palladium Equity Portfolio Company Completes Merger With Colorado Boxed Beef

CORAL GABLES, Fla., October 28, 2020 – Quirch Foods, LLC today announced that it has completed the merger with CBBC Holdings, Inc. d/b/a Colorado Boxed Beef, a protein distributor and solutions provider offering products and services to ethnic grocers and food service distributors. The combination of Quirch and Colorado Boxed Beef has created a leading […]

Argand Partners’ Portfolio Company Acquires Software Developer Theobroma

NEW YORK, Oct 14, 2020 – Argand Partners, LP (“Argand”), a leading private equity firm focused on the industrial sector, today announced that its portfolio company, Cherry GmbH (“Cherry”), the world’s leading global designer and manufacturer of high-precision keyboard PC gaming switch technology, has completed the acquisition of Theobroma Systems Design and Consulting GmbH (“Theobroma”), […]

Mill Point Portfolio Company To Acquire Engineering And IT Services Provider

Philadelphia, PA — October 27, 2020 — Anexinet Corporation, a Mill Point Capital LLC portfolio company and a leading provider of digital business transformation solutions, today announced the company has entered into a definitive agreement to acquire SereneIT, an Engineering and IT solutions firm, managed services provider, and value-added reseller. The acquisition will broaden Anexinet’s […]

Avante Capital Partners Announces Investment In Speech Pathology Group

Los Angeles, CA (October 2020) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a subordinated debt and equity investment in SPG, a portfolio company of Ridgemont Equity Partners (“Ridgemont”), to support its on-going acquisition strategy. Founded in 1989, SPG provides behavioral health, speech, physical, […]

Clearlake Capital To Acquire Endurance International Group Holdings In $3B Deal

BURLINGTON, Mass., November 2, 2020 – Endurance International Group Holdings, Inc. (“Endurance”or the “Company”) (Nasdaq:EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, announced today that it has entered into a definitive merger agreement to be acquired by affiliates of Clearlake Capital Group L.P. (“Clearlake”) in an all […]

Argand Partners Acquires Keyboard Switch Technology Manufacturer

NEW YORK, Sept. 30, 2020 – Argand Partners, LP (“Argand”), the New York- and San Francisco Bay Area-based private equity firm, today announced that it has completed the acquisition of Cherry GmbH (“Cherry”). Argand acquires market-leading specialty manufacturing and business services companies with sustainable competitive advantages and strong growth potential. Cherry is the world’s leading […]

Wind Point Partners Announces Two Acquisitions

Chicago, IL, October 14, 2020 – Wind Point Partners (“Wind Point”) and portfolio company The Kleinfelder Group, Inc. (“Kleinfelder”), a leading engineering, construction management, design, and environmental professional services firm, are pleased to announce that Kleinfelder has acquired Poggemeyer Design Group, Inc. (“PDG”or “the Company”). The acquisition bolsters Kleinfelder’s existing service offerings and accelerates growth […]

Lucid Scientific Secures $3 Million In Series Seed Financing Led By Dynamk Capital

ATLANTA, Georgia (September 30, 2020) – Lucid Scientific, the biotechnology tools company that develops and manufactures RESIPHER, announced the completion of a $3 million Series Seed financing led by Dynamk Capital.  Additional participants include Lucid’s original investor base and the Georgia Research Alliance’s Venture Fund, bringing Lucid’s total funding to date to approximately $4.5 million.  […]

NexPhase Capital Announces Sale Of Insurance Technologies

NEW YORK, NY – OCTOBER 01, 2020 – NexPhase Capital, LP (“NexPhase”or the “Firm”), an operationally focused private equity firm and sub-advisor to the Moelis Capital Partners (“MCP”) Opportunity Funds, today announces the sale Insurance Technologies, LLC (“Insurance Technologies”or “InsTech”or the “Company”), a provider of sales and regulatory automation solutions for the insurance and financial […]

Topspin-Backed Remedy Acquires OBR Oncology

New York, NY, September 22, 2020 – Topspin Consumer Partners’ portfolio company, Remedy Health Media (Remedy), a leading digital health platform, today announced the acquisition of OBR (Oncology Business Review), an oncology-focused digital media company that provides news and information resources to oncologists and oncology healthcare professionals (HCPs). OBR is a leading resource for the entire […]

Clearlake And TA-Backed Ivanti Agrees To Acquire MobileIron And Pulse Secure

SALT LAKE CITY, UT, MOUNTAIN VIEW, CA and SAN JOSE, CA – September 28, 2020 – Ivanti, Inc. (“Ivanti”), which automates IT and Security Operations to discover, manage, secure and service from cloud to edge, and is backed by affiliates of Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates, today announced it […]

B.I.G. Capital Acquires Help Desk Technology Corporation

SEPTEMBER 27, 2016 – B.I.G Capital LLC (“BIG”), a software focused private investment firm, is pleased to announce that it has acquired all of the assets of Help Desk Technology Corporation (“HDTC”), a provider of service desk and workflow management software for businesses. Founded in 1994 and based out of Toronto, Canada, HDTC provides collaborative […]

Clearlake Capital To Acquire Zywave From Aurora

SANTA MONICA, CA and MILWAUKEE, WI – September 17, 2020 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has signed a definitive agreement to acquire  Zywave, Inc. (“Zywave”or the “Company”), the leading software-as-a-service (“SaaS”) provider of front office insurance solutions, from Aurora Capital Partners (“Aurora”). The Company will continue to be […]

GCM Grosvenor Closes Labor Impact Fund

Chicago, September 14, 2020 – GCM Grosvenor, a global alternative asset manager, announced today that it completed the final close for its Labor Impact Fund (the “Fund”) on September 7, 2020, Labor Day in the United States, with $893 million in committed capital, at the high end of its targeted range. GCM Grosvenor’s Labor Impact Fund […]

Wind Point Partners Acquires RTIC

Chicago, IL, September 2, 2020 – Wind Point Partners (“Wind Point”), a Chicago-based private equity firm, has acquired RTIC (the “Company”), the largest direct-to-consumer (“D2C”) eCommerce provider of high-quality coolers, tumblers, bottles, travel bags and other products for outdoor enthusiasts. Based in Houston, RTIC was founded by brothers Jim and John Jacobsen and quickly grew […]

Clearlake Capital-Backed Wheel Pros Acquires Second Domestic Manufacturing Facility

SANTA MONICA, CA, GREENWOOD VILLAGE, CO, and AUBURN, AL – August 24, 2020 – Wheel Pros, the leading designer, manufacturer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories, today announced that is has acquired the assets of the Borbet Manufacturing Facility (the “Auburn Facility”) in Auburn, Alabama. This acquisition bolsters Wheel Pros’ position […]

Mill Point Capital Affiliate Acquires Noble Resources Corp.

Tampa, FL – August 4, 2020 – Noble Resources Corporation (“Noble”or the “Company”), a leading provider of critical communications and utility infrastructure services, announced that it has been acquired by Full Circle Fiber Partners (“Full Circle”), an affiliate of Mill Point Capital. Noble will continue to operate independently under its new name, Noble Broadband LLC. […]

Netrix Recapitalized By OceanSound Partners

August 6, 2020 – Netrix, LLC today announced that an affiliate of OceanSound Partners, LP has recapitalized the company. OceanSound is a growth-focused, middle-market private equity firm investing in technology and technology-enabled services companies operating in enterprise, government, and industrial end markets. Terms of the transaction were not disclosed. Netrix is a leading provider of […]

WM Partners Announces Agreement To Acquire Great Lakes Gelatin Co.

August 5, 2020, Ft. Lauderdale, FL. WM Partners, a certified diverse-owned private equity firm focused on investing in lower-middle market companies and driving value creation in the health and wellness sector, today announced that  HPH II Investments Master Fund, LP together with its related entities (“HPH II”), through its wholly owned entity, entered into a definitive […]

GCM Grosvenor To Become A Public Company

CHICAGO, August 3, 2020 – GCM Grosvenor, a global alternative asset management firm, will become a public company through a merger with CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA), a special purpose acquisition company sponsored by Cantor Fitzgerald, a leading global financial services firm. The companies announced today that they have entered into a definitive agreement […]

Pacific Pension & Investment Institute And NAIC Form Groundbreaking Partnership To Address Access & Inclusion In Institutional Investment

WASHINGTON, August 10, 2020 – The Pacific Pension & Investment Institute (PPI), which convenes global pension and investment leaders representing over $25 trillion in assets under management, advisement and administration, and the National Association of Investment Companies (NAIC), the trade association and largest network of diverse-owned private equity firms and hedge funds, jointly announced today […]

NCPERS And NAIC Announce Partnership To Connect Leading Institutional Investors With Top Investment Talent

WASHINGTON, August 5, 2020 – The National Conference on Public Employee Retirement Systems (NCPERS), the premier trade association for public sector pension funds, which represents approximately 500 public plans and over $4 trillion in institutional assets, and The National Association of Investment Companies (NAIC), the industry association and largest network of diverse-owned private equity firms […]

Clearlake Portfolio Company Acquires Methodics, Expanding DevOps Portfolio

MINNEAPOLIS, SAN FRANCISCO, and SANTA MONICA, July 20, 2020 – Perforce Software, Inc. (“Perforce”), a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Francisco Partners, today announced it has acquired Methodics Inc. (“Methodics”), a leading provider […]

Carrick Capital Partners Acquires Flatiron School

San Francisco and Newport Beach, CA (June 30, 2020) – Carrick Capital Partners (“Carrick”), an investment firm focused on software and software-enabled businesses, today announced that it is acquiring Flatiron School, one of the country’s leading technical bootcamps from WeWork. Flatiron School graduates its students with highly in-demand skills in software engineering, data science, UX/UI […]

Grain Management Portfolio Company To Acquire Enhanced Telecommunications Corporation

June 25, 2020 (Blair, Nebraska) – Great Plains Communications (GPC), a growing Midwestern telecommunications provider with an ever-expanding, privately-owned 11,500+ mile fiber network touching 11 states, has announced that they have entered into a definitive agreement to acquire Enhanced Telecommunications Corporation (ETC), an innovative Southeastern Indiana-based provider. “ETC is a well-run company with an impressive history, customer base, a talented […]

Clearlake Capital Portfolio Company Acquires Weaver Lumber

SPRINGFIELD, MO – July 7, 2020 – American Construction Source (“ACS”), a leading national building materials distribution platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC (“Angeles”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced the acquisition of Weaver Lumber (“Weaver”).  Weaver will continue to operate under its existing local brand name […]

Clearlake Capital Acquires WhiteStar Asset Management

DALLAS, TX, SANTA MONICA, CA, AND NEW YORK, NY – June 24, 2020 – WhiteStar Asset Management (“WhiteStar”), Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), and Pine Brook Capital Partners (“Pine Brook”) announced today that Clearlake has acquired a majority stake in WhiteStar from Pine Brook in partnership with WhiteStar’s management team, led by […]

NAIC Is Going Virtual! Check Out Our Full Slate Of Digital Events

The COVID-19 pandemic has forced companies to re-think the way they engage with clients and the public at large, and NAIC is no different. We are happy to announce that we have put together a plan that will enable us to engage with our members and institutional investors with even greater frequency and efficiency by […]

America’s Largest Investment Managers Of Color Call For Action

WASHINGTON, June 12, 2020 – The Diverse Alternative Investment Industry today issued the following call to action in support of building a system to ensure African American and LatinX businesses gain greater access to institutional capital to create stronger, more vibrant diverse communities: “This is a time of grief and anger for Americans of all […]

DPI Invests In Leading Tunisian Tomato Processing And Agribusiness

London, 21 May 2020 – Development Partners International (“DPI”), a leading Pan-African private equity firm with a strong track record of investing across the continent, is pleased to announce the second investment from its third fund, Africa Development Partners III (“ADP III”), into Société Industrielle des Conserves Alimentaires (“SICAM”), a leading food business and tomato […]

Dartpoints Receives Investment From Astra Capital Management

Dallas, TX, May 5, 2020 – DartPoints Holding Company, LLC, an owner and operator of edge colocation data centers, has received a majority investment from Astra Capital Management, a private equity firm that invests in growth businesses in the communications and technology services sectors. Astra will invest significant capital to support DartPoints’s expansion across North […]

Palladium Equity Partners Portfolio Company Acquires Food Distributor

NEW YORK and CORAL GABLES, Fla., May 11, 2020 – Palladium Equity Partners, L.L.C. (along with its affiliates, “Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, today announced that one of its affiliated private equity funds has backed Palladium’s portfolio company Quirch Foods, LLC, a food distribution company […]

Verus Announces Sale Of Vandemark Chemical Inc.

New York, April 23, 2019 – Verus Investment Partners, a leading private equity investment firm, today announced that it has sold its portfolio company VanDeMark Chemical Inc., Lockport, NY, for an undisclosed value. VanDeMark, one of the world’s largest, independent manufacturers of phosgene and phosgene derivatives, offers a range of more than 30 chemical compounds […]

DPI Portfolio Company Featured In Private Equity International

Making Lemonade: How Portfolio Companies have Responded to COVID-19. Manufacturers are leading the charge when it comes to retooling their existing capabilities to meet rising demand for pandemic-related goods. To view the article, click the following link: https://www.privateequityinternational.com/making-lemonade-how-portfolio-companies-have-adapted-to-covid-19/

Diversity Drivers

LA-based PE firms lead the way – and reap the rewards – with new approaches. Economics professors at Harvard and Princeton once set out to study what would happen when U.S. symphony orchestras, traditionally dominated by men, asked prospective musicians to audition behind a screen. They famously found that these “blind auditions”increased the probability by […]

Clearlake Capital Closes Flagship Private Equity Investment Fund Over $7 Billion

SANTA MONICA, CA – April 14, 2020 – Clearlake Capital Group, L.P. (“Clearlake”), a leading investment firm that invests in the technology, industrials, and consumer sectors, today announced it has completed fundraising for its sixth private equity fund, Clearlake Capital Partners VI (“Fund VI”), with more than $7 billion in commitments. This brings Clearlake’s total assets […]

Mill Point Capital Affiliate Acquires Knight Enterprises

Clearwater, FL – April 14, 2020 – Knight Enterprises (“Knight”or the “Company”), a leading provider of critical communications infrastructure services, announced that it has been acquired by an affiliate of Mill Point Capital, a middle-market private equity firm focused on control investments in North America. The Mill Point team employs an Executive Partner model and has extensive […]

GCM Grosvenor Closes Second Co-Investment Fund

Chicago, April 13, 2020 – GCM Grosvenor, a global alternative asset manager, announced today that it completed the final close for its Co-Investment Opportunities Fund II with approximately $540 million in committed capital. Co-Investment Opportunities Fund II targets buyout co-investments alongside private equity sponsors, with a focus on the middle-market. The fund pursues opportunities sourced from […]

GenNx360 Capital Announces Sale Of Precinmac Precision Machining

New York, New York.  April 2, 2020. GenNx360 Capital Partners, a New York-based private equity firm, today announced the successful sale of its portfolio company, Precinmac Precision Machining to an investor group consisting of Pine Island Capital Partners, LLC, Bain Capital Credit, LP and Compass Partners Capital LLC. The Precinmac brand represents four independently-owned companies in […]

Mill Point Capital Portfolio Company Acquires Prime Engineered Component, Inc.

Glendale Heights, IL – March 31, 2020 – KKSP Precision Machining, LLC (“KKSP”), a portfolio company of Mill Point Capital, announced today that it has acquired Prime Engineered Component, Inc. (“Prime”or the “Company”), a manufacturer of aluminum, brass and stainless steel custom metal components. Prime, based in Watertown, CT, has more than a 50 year […]

Palladium Equity Partners Affiliate Acquires Reading Alloys Business

Research Triangle Park, NC, March 25, 2020 – Kymera International (“Kymera”), a leading specialty materials company that manufactures powders, pastes and granules of primary and alloyed aluminum, copper, tin and zinc, as well as many other niche products, announced today that it has closed its transaction with Ametek Inc., acquiring 100% of the shares of […]

NAIC Remembers Business Pioneer And Black Enterprise Founder, Earl G. Graves, Sr.

It is with a sense of deep sadness that NAIC says goodbye to a true champion for diversity and a great business pioneer, Earl G. Graves, Sr. Mr. Graves is best remembered as a nationally recognized authority on Black business development, a strong proponent for the economic advancement of African Americans and the innovator behind […]

NAIC Welcomes Leading Capital Allocator Global Endowment Management

WASHINGTON, April 3, 2020 – The National Association of Investment Companies (NAIC), the largest network of diverse-owned private equity firms and hedge funds, today welcomes Global Endowment Management, LP (GEM), a full-service outsourced investment office, to the NAIC network. Through this new relationship, Global Endowment Management gains greater access to NAIC’s growing network of high-performing […]

NAIC Performance Study Shows Diverse Asset Managers Continue To Beat Benchmarks

WASHINGTON, March 30, 2020 /PRNewswire/ — Diverse-owned private equity firms continue to outperform their benchmarks, according to Examining the Returns 2019: The Financial Returns of Diverse Private Equity Firms, a study released today by the National Association of Investment Companies (NAIC). Despite delivering consistent returns, diverse- and women-owned firms collectively manage only 1.3 percent of the investment industry’s $69 […]

The SEC’s Priority List And How To Prepare For Possible Scrutiny

The Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) recently announced its 2020 Examination Priorities reflecting OCIE’s assessment of key risks and trends, market and regulatory developments and policies, findings from past examinations, and information gathered from other sources and regulators. The list of priorities is not exhaustive and will not […]

Palladium Equity Partners Acquires School Transportation Services Providers

New York and San Clemente, CA, March 2, 2020 – Palladium Equity Partners, L.L.C. (along with its affiliates, “Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, today announced that one of its affiliated private equity funds has acquired ALC Schools, LLC and Red Rock Technology, LLC (combined, “ALC”or the […]

GenNx360 Capital Announces Sale Of Midwest Can And Container Specialties

New York, New York – March 3, 2020 – GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, today announced the successful sale of its portfolio company, Midwest Can and Container Specialties, Inc. (“Midwest Can”or “the Company”). GenNx360 acquired Midwest Can in January 2017 as part of its packaging sector investment strategy. Over the […]

Astra Capital Invests In Wireless Infrastructure Services Provider

Marlborough, MA – Communication Technology Services (CTS), a U.S. provider of wireless infrastructure services, has received an equity investment from Astra Partners I, the flagship fund of Astra Capital Management (Astra), a private equity firm that invests in growth businesses in the communications and technology services sectors. Terms of the transaction were not released. Established […]

GenNx360 Portfolio Company Acquires Commercial Diving Business

New York, NY – February 19, 2020 -GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, is pleased to announce that its portfolio company, Subsea Global Solutions (SGS), a leading global commercial diving company, has acquired the commercial diving division of T&T Salvage Asia, Pte. Ltd. (TTSA).   The acquisition will serve to enhance SGS’ […]

Vicente Capital Closes Long-Term Appreciation Fund

Los Angeles, CA – Vicente Capital Partners (VCP), a leading growth equity investment firm, announced today the successful completion of the Vicente Capital Partners Long-Term Appreciation Fund, LP, a continuation vehicle for VCP’s Growth Equity Fund. Vicente Capital Partners Long-Term Appreciation Fund, LP, is comprised of $134 million in new capital commitments, which have funded […]

Clearlake Capital To Acquire Innovative Xcessories & Services

Santa Monica, CA & Windsor, ON, February 4, 2020 – Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”), in partnership with management, today announced that it has agreed to acquire Innovative XCessories & Services LLC (“IXS”or the “Company”) from Olympus Partners. IXS is the leading provider of coating solutions and vehicle upfit services to OEMs, […]

GenNx360 Portfolio Company Acquires World Aviation Corporation

New York, New York. January 28, 2020 – GenNx360 Capital Partners (“GenNx360”) today announced that its portfolio company, Precision Aviation Group, Inc. (“PAG”), has made its second acquisition in just over 4 months through the purchase of World Aviation Corporation (WAC). This transaction represents the latest step in an aggressive expansion strategy by GenNx360 for PAG. In […]

Palladium Equity Partners Completes Sale Of Dolex

NEW YORK, Jan. 27, 2020 – Palladium Equity Partners, LLC (“Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, today announced that it has completed the sale of the parent company of DolEx Dollar Express, Inc. (DolEx), to a group of investors including management. DolEx is a leading provider […]

Clearlake Capital Acquires Pretium Packaging

Santa Monica, CA and Chesterfield, MO – January 15, 2020 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) in partnership with management announced that it has acquired Pretium Packaging (“Pretium”or the “Company”) from Genstar Capital. Pretium is a leading full-service designer and manufacturer of rigid packaging solutions for specialized applications. Financial terms of the […]

Palladium Equity Partners Acquires Accupac, Inc.

NEW YORK and MAINLAND, Pa., Jan. 22, 2020 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, today announced that it has acquired Accupac, Inc. (“Accupac”or the “Company”), a leading U.S. provider of outsourced manufacturing and packaging solutions for the […]

GenNx360 Capital Portfolio Company Acquires Environmental Products & Services Of Vermont, Inc.

New York, NY – January 9, 2020 – GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, is pleased to announce that its portfolio company, Miller Environmental Group Inc. (“MEG”),  a leading provider of environmental and emergency response services in the Eastern United States, announced today that it has acquired Environmental Products & Services of […]

Palladium Equity Partners Sells Raben Tire To Goodyear

New York, NY, Dec. 18, 2019 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, today announced the sale of Raben Tire Company (“Raben”) to The Goodyear Tire & Rubber Company (“Goodyear”). Terms of the transaction were not disclosed. Founded […]

NAIC E-News Archive 2020

A collection of 2020 issues of the NAIC bi-weekly email newsletter containing NAIC news, industry news and updates, NAIC member news member deals and more.   August 26, 2020 August 13, 2020 July 28, 2020 July 13, 2020 June 29, 2020 June 18, 2020 June 4, 2020 May 20, 2020 May 5, 2020 April 20, […]

NAIC E-News Archive 2019

A collection of 2019 issues of the NAIC bi-weekly email newsletter containing NAIC news, industry news and updates, NAIC member news member deals and more. December 20, 2019December 5, 2019November 21, 2019November 15, 2019October 10, 2019September 26, 2019September 12, 2019August 15, 2019August 1, 2019July 16, 2019July 2, 2019June 13, 2019May 16, 2019May 2, 2019April 19, […]

Thank You For An Outstanding Year!

As the year winds down, we would like to take a moment to wish everyone a healthy, happy and prosperous holiday season and express our sincere appreciation for your continued support. For us, 2019 was an incredible year by every metric with many milestone achievements, exciting new initiatives launched, and a growing suite of services […]

Clearlake Capital Affiliate Acquires On Point Oilfield Holdings

MIDLAND, Texas, December 10, 2019 – Gravity, a leading water and energy infrastructure company backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced it has completed the acquisition of On Point Oilfield Holdings, LLC (“On Point”), creating the largest commercial produced water disposal company by injection volumes in the Midland Basin. Gravity now owns and […]

GCM Grosvenor Closes Its Second Multi-Asset Class Fund

CHICAGO, December 10, 2019 – GCM Grosvenor, a global alternative asset manager, announced today that it completed the final close for Multi-Asset Class Fund II at the high end of its targeted capital raise with $983 million in committed capital. Multi-Asset Class Fund II pursues investment opportunities sourced from GCM Grosvenor’s $57 billion alternative investment platform, […]

NAIC, Aon Team Up To Offer Consulting To Diverse-Owned Alternatives Firms

National Association of Investment Companies and Aon PLC formed a partnership to provide consulting services to diverse-owned private equity firms. NAIC, a professional association of diverse-owned private equity and venture capital firms as well as hedge funds, announced the partnership in a news release Monday. Member firms will have access to Aon’s services across commercial […]

Storytelling With William Blair: The Evolution Of Women In Finance

Rita SpitzCFA, Partner, Global Research Analyst, William Blair Investment Management William Blair partner Rita Spitz has seen a lot of changes over more than three decades at the firm and in the financial industry. But solid goals and hard work are still keys to success. “I was the only woman analyst when I came to […]

ICV Partners Announces Significant Investment In Jk&T Wings

NEW YORK, November 4, 2019ICV Partners, LLC, a leading investment firm focused on middle market companies, announced today that it has made a significant investment in JK&T Wings, a leading franchisee of Buffalo Wild Wings (“BWW”), in partnership with management. Buffalo Wild Wings, founded in 1982, is the largest sports bar brand in the United […]

Mill Point Capital Portfolio Company Acquires Transformers Manufacturer

FRANKLIN, WI – November 22, 2019 – Pioneer Transformers L.P. (“Pioneer Transformers”), a portfolio company of Mill Point Capital, announced today that it has acquired Power Partners, LLC (“Power Partners”or the “Company”) from OpenGate Capital, a Los Angeles-based private equity firm. Power Partners is a leading designer and manufacturer of high-quality pole-mount and pad-mount power […]

NAIC Provides Testimony At New Jersey Legislative Hearing On Use Of Diverse Managers

In an effort to enhance the diversity practices within the State of New Jersey’s public retirement plans, Robert L. Greene, President & Chief Executive Officer of the National Association of Investment Companies (NAIC), provided testimony at a hearing for the Joint Committee on Economic Justice and Equal Employment Opportunity on November 12th in Trenton. The […]

One Rock Capital To Acquire Innophos Holdings In $932M Deal

CRANBURY, New Jersey – (October 21, 2019) – Innophos Holdings, Inc. (“Innophos”or the “Company”) (NASDAQ:IPHS), a leading international producer of essential ingredients, today announced that it has entered into a definitive agreement with an affiliate of One Rock Capital Partners, LLC (“One Rock”), a leading middle-market private equity firm, whereby One Rock will acquire all of […]

ICV Partners Announces Investment In Horizon Air Freight

NEW YORK, October 3, 2019ICV Partners, LLC, a leading investment firm focused on middle market companies, announced today the investment in Horizon Air Freight, Inc. (“HAF”or the “Company”), a specialized freight forwarder focused on themarine industry serving leading U.S.and international shipping companies and cruise lines. Founded in 1970 and headquartered in New York, HAF manages […]

NAIC Gets $1.4 Million MBDA Grant To Raise $1 Billion For Investment In Minority Entrepreneurs

The Minority Business Development Agency (MBDA) has awarded a $1.4 million grant to the National Association of Investment Companies (NAIC), backing a project that will raise about $1 billion for new investment into minority-owned businesses. The action comes as access to capital remains the most important factor limiting the ability of many of the nation’s 11 million minority- and women-owned business […]

Storytelling With William Blair: Leadership

Kristina BlaschekDirector of Business and Technology Solutions William Blair Investment Management The best word to describe Kristina Blaschek, she says, is “curious.”Her friends and colleagues might agree. But they might also argue for “hardworking,””inclusive,””leader”- or just “dynamo.” Blaschek joined William Blair in 2007 as a sell-side healthcare researcher and moved up the ranks to become […]

Clearlake Capital-Backed Unifrax To Acquire Dongxiang Glass Product Co. In China

Tonawanda, NY – September 23, 2019 – Unifrax, a leading global provider of high-performance specialty materials used in thermal management, emission control, batteries, specialty filtration and fire protection applications, backed by Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”), today announced it has signed a definitive agreement to acquire the assets of Shenyang JiuQing Dongxiang Glass Product […]

Development Partners International Invests In Leading Mobile Fintech Business

23 September 2019 – LondonDevelopment Partners International (“DPI”), a leading pan-African focused private equity firm, is pleased to announce an investment into Channel VAS, the leading fintech provider of mobile financial and airtime credit services operating in Africa, Asia and the Middle East. Channel VAS provides Mobile Financial Services, Big Data Analytics and Airtime Credit […]

Laurel Oak Capital’s New Strategy For Old Economy Companies

A recent addition to the NAIC membership, Laurel Oaks Capital Partners is in the process of completing its first two acquisitions – a transportation and logistics business and a freight brokerage company – that will form the foundation of its investment strategy. Led by Rena Clark and Emanuel Slater, Laurel Oaks is an independent sponsor […]

Mill Point Capital Announces Carve-Out Of Pythian Services Business

OTTAWA, ON – September 6, 2019 – An affiliate of Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North American IT services, business services, and industrial companies, and The Pythian Group, Inc. (the “Seller”) today announced that they have completed Mill Point’s acquisition of the Seller’s services division (“Pythian”or the “Company”) […]

Clearlake-Backed ACS American Construction Source Acquires Contractor’s Truss Systems

SPRINGFIELD, MO – September 4, 2019 – ACS American Construction Source (“ACS”), a leading national building materials platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC (“Angeles”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced the acquisition of Contractor’s Truss Systems (“CTS”), located in Cotter, Arkansas.  CTS, which will continue to operate […]

GenNx360 Acquires Stake In Schneider Packaging Equipment Company

GenNx360 Capital Partners (“GenNx360”), in partnership with the management team and current owners of Schneider Packaging Equipment Company, Inc. (“Schneider”or the “Company”), is pleased to announce its investment in the Company. Schneider is a leader in the design, assembly and manufacturing of end-of-line packaging equipment, primarily automated case packing and palletizing machinery. Serving attractive end […]

Grain Sells U.S. Tower Portfolio To American Tower

September 3, 2019 (Washington, D.C.) – Grain Management, LLC (“Grain”) has completed the sale of its nationwide portfolio of wireless communications assets to American Tower.  Through this transaction, American Tower will acquire approximately 400 towers and other related property interests, comprising one of the largest privately-held wireless portfolios in the U.S. Grain, a leading Washington, D.C.-based private equity […]

Clearlake Capital-Backed Sunbelt Supply Acquires Severe Service Specialists

Houston, TX and Santa Monica, CA – August 27, 2019 – Sunbelt Supply (“Sunbelt”), a leading provider of specialty flow control solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Severe Service Specialists (“Triple S”), a provider of services and valves that are engineered to withstand severe applications. Terms were not […]

NexPhase Capital To Sell Inside Real Estate

NEW YORK, NYAUGUST 23, 2019 NexPhase Capital, LP (“NexPhase”), an operationally-focused independent private equity firm, today announced the sale of InsideRE Holdings, LLC (“Inside Real Estate”, “InsideRE”or the “Company”), a leading provider of cloud-based real estate software, to Lovell Minnick Partners. Terms of the transaction were not disclosed. One of the first technology providers in […]

Grain Management To Acquire Summit Broadband

ORLANDO, Fla., Aug. 18, 2019 – Grain Management, LLC (“Grain”), a leading Washington, D.C.-based private equity firm focused on the global communications sector, announced today that it has entered into a definitive agreement to acquire from Cable Bahamas Ltd. (“CBL Group”) a majority interest in Summit Vista, Inc., dba Summit Broadband (“Summit”), a fiber-optics telecommunications provider in […]

Mill Point Capital Affiliate Acquires Power Transformer Business

FRANKLIN, WI – August 16, 2019 – An affiliate of Mill Point Capital, a private equity firm focused on middle-market investments in North American industrial and business services companies announced the completion of Mill Point’s previously announced acquisition of the power transformer divisions (“Pioneer Transformers”or the “Company”) of Pioneer Power Solutions, Inc. in a corporate […]

GenNx360 Capital Portfolio Company Acquires Genassist Corporation

New York, New York. August 6, 2019 – In partnership with GenNx360 Capital Partners, GenServe, LLC (“GenServe”) is pleased to announce the acquisition of GenAssist Corporation (“GenAssist”or the “Company”). GenAssist provides maintenance and repair services to industrial generators and backup power solutions, as well as equipment sales in New York and New Jersey. The Company […]

Diverse Perspectives Can Improve Results

Stephanie Braming, CFA, Partner, Global Head of Investment Management, William Blair What drives great decision-making-and how do we improve our probability of success? The answer will vary widely depending on the topic-investing, strategic decision-making, or even personal life choices. But I like to think that avidly investigating a topic then making a decision with about […]

Palladium Equity Partners Raises $1.56 Billion In Fifth Fund

NEW YORK, July 12, 2019 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a middle market private equity firm with over $3 billion in assets under management, today announced that it has completed fundraising for Palladium Equity Partners V, L.P. (“PEP V”) with commitments of $1.56 billion.  Palladium’s previous fund, Palladium Equity Partners IV, L.P., […]

Clearlake Capital To Invest In Security Solutions Provider

LEHI, UT, SANTA MONICA, CA and BOSTON, MA – July 9, 2019 – DigiCert, Inc., the world’s leading provider of TLS/SSL, PKI and IoT security solutions for identity and encryption, today announced that Clearlake Capital Group, L.P., a leading private investment firm, and TA Associates, an existing investor and leading global growth private equity firm, have […]

Mill Point Capital Portfolio Company Acquires Texas Foam

Greer, SC – July 17, 2019 – Huntington Solutions, a portfolio company of Mill Point Capital, announced today that it has acquired Texas Foam, a manufacturer of customized extended-duration shippers (XDS™) and temperature-sensitive protective foam packaging solutions for the medical, instrumentation, pharmaceutical and food and beverage industries, among others. Texas Foam is an innovative designer […]

NAIC And William Blair Join Forces To Strengthen Diversity In The Financial Services Industry

WASHINGTON, July 17, 2019 – The National Association of Investment Companies (NAIC), the largest network of diverse-owned private equity firms and hedge funds, announced today that it has formed a multi-year partnership with William Blair, a premier global boutique with expertise in investment banking, investment management, and private wealth management. One of the leading advisors […]

Clearlake Capital Closes Clearlake Opportunities Partners II At $1.4 Billion

SANTA MONICA, CA, June 26, 2019 – Clearlake Capital Group, L.P. (“Clearlake”or the “Firm”), a leading private investment firm with a sector-focused approach, announced today it has completed fundraising for Clearlake Opportunities Partners II (the “Fund”or “COP II”) with $1.4 billion in commitments. COP II was oversubscribed, reaching its hard cap. With this latest fund, Clearlake’s total assets […]

Mill Point Capital Acquires Digital Business Solutions Provider

Mill Point Capital Accelerates Anexinet’s Momentum in Helping Clients Provide a Complete Digital Experience BLUE BELL, PA – June 25, 2019 – Anexinet, a leading provider of digital business solutions, announced that it has been acquired by Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North America. The Mill Point […]

ICV Partners Exceeds Fund IV Target With Final Close Of $585 Million

June 27, 2019 – New York – ICV Partners (ICV), a leading investment firm focused on lower middle market companies, is pleased to announce that it has successfully completed the final closing for ICV Partners IV, L.P. (Fund IV) with $585 million of committed capital. ICV currently manages $1.3 billion of AUM. ICV’s Fund IV […]

One Rock Capital Partners To Acquire Control Solutions Business

NEW YORK, July 9, 2019 – One Rock Capital Partners, LLC (“One Rock”), today announced that one of its affiliates has entered into a definitive agreement to acquire the Engineered Components & Systems (“EC&S” or the “Company”) segment (excluding Cortland U.S.) from Actuant Corporation (“Actuant”). The transaction is expected to close during the fourth quarter of 2019. Headquartered in Menomonee Falls, […]

Travelport Worldwide Acquired By Affiliates Of Siris Capital And Evergreen Coast Capital

Langley, U.K., May 30, 2019: Travelport Worldwide Limited (“Travelport”or the “Company”), a leading travel technology company, announced today the completion of its acquisition by affiliates of Siris Capital Group, LLC (“Siris”) and Evergreen Coast Capital Corp. (“Evergreen”) in an all-cash transaction valued at approximately $4.4 billion. The transaction, which was originally announced on December 10, 2018, […]

Grain Management Portfolio Company To Acquire Intercarrier Networks

May 15, 2019 (Blair, NE) – Great Plains Communications, the largest privately-owned telecommunications provider in Nebraska and a Grain Management portfolio company, announced today that it has entered into a definitive agreement to acquire InterCarrier Networks, a regional fiber optic carrier with a high-capacity network spanning Illinois, northern Indiana, the St. Louis metro area in Missouri, and Kentucky.   […]

Mill Point Capital Portfolio Company Acquires Enterprise Content Management Firm

CENTREVILLE, VA – May 9, 2019 – Avenu Insights & Analytics (Avenu), a Mill Point Capital portfolio company, has acquired the operations and assets of The Windward Group and GRIDS Information Technologies. With the Windward and GRIDS software, document digitization and storage capabilities, Avenu reinforces its commitment to supporting government customers with records management solutions. Over several […]

Clearlake Capital-Backed Company To Create The Largest Provider Of Aftermarket Custom Wheels

SANTA MONICA, CA, GREENWOOD VILLAGE, CO, and RANCHO DOMINGUEZ, CA – May 16, 2019 – Wheel Pros and MHT Luxury Wheels, Inc. (“MHT”), two leading designers, marketers, and distributors of branded automotive aftermarket wheels and accessories, today announced that they have combined to form the largest automotive aftermarket wheel platform in the world. This transformative transaction […]

Grain Management Closes Fourth Fund With Nearly $900 Million In Commitments

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, […]

Clearlake Capital To Acquire Operations Management Solutions Provider

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 […]

GenNx360 Capital Portfolio Company Acquires Power Performance Industries

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 […]

Siris Capital Affiliate To Acquire Electronics For Imaging In $1.7 Billion Cash Deal

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 […]

NAIC Seminars To Prepare The Next Generation Of Successful Private Equity Firms

WASHINGTON, April 26, 2019 – The National Association of Investment Companies (NAIC) today announced the launch of Establishing the Next Generation of Private Equity Firms, an immersive symposiumthat provides participants with a 360-degree view of what is required to start a new private equity firm and the process of raising capital. Made possible through a […]

Siris Capital Group Announces Strategic Minority Investments By Wafra And Landmark Partners

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 […]

Clearlake Capital-Backed Symplr Acquires API Healthcare

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 […]

Mill Point Capital Acquires 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 […]

NexPhase Announces Sale Of CPS Group Holdings, Inc.

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 […]

One Rock Capital Partners Completes Acquisition Of Nexeo Plastics

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 […]

One Rock Capital Partners To Acquire Process Solutions Business

NEW YORK | March 18, 2019‍One Rock Capital Partners, LLC (“One Rock”) announced that one of its affiliates has entered into a definitive agreement with Newell Brands to acquire its Process Solutions business. Headquartered in Greenville, South Carolina, Process Solutions is a manufacturer and material sciences company that offers custom-designed plastic, nylon, monofilament and zinc […]

GenNx360 Capital Acquires Majority Stake In Miller Environmental Group

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 […]

Siris Capital Closes $3.45B Oversubscribed Technology Buyout Fund

New York, March 1, 2019 – Siris Capital Group, LLC (“Siris”), a leading private equity firm focused on making investments in technology companies, today announced the closing of Siris Partners IV, L.P. (together with its parallel funds, “Fund IV”) with $3.45 billion of capital commitments. Through Fund IV, Siris intends to continue its established strategy […]

Clearlake Capital-Backed Symplr To Acquire API Healthcare

SANTA MONICA, CA and HOUSTON, TX – February 20, 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”), announced that it has signed a definitive agreement to acquire API Healthcare (“API”), a leading provider of healthcare human capital management (“HCM”) […]

One Rock Capital Affiliate To Combine With Foam Products Producer

MEDIA, PA and RED BANK, NJ – March 5, 2019 – FXI and Innocor, two of the leading producers of polyurethane foam products, today announced the signing of a definitive merger agreement that will establish one of the most comprehensive and innovative companies in the industry. The combined company will offer a complete array of solutions […]

DPI Invests In African Facilities Management Company

February 5, 2019 Johannesburg/London – Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the latest investment of its African Development Partners II fund (“ADP II”) into International Facilities Services (“IFS”), a facilities management specialist in Africa. IFS provides a full suite of specialist facility management services to clients […]

One Rock Capital Partners To Acquire Plastics Distribution Business

NEW YORK, February 8, 2019 – One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has entered into a definitive agreement to acquire the plastics distribution business (“Nexeo Plastics”) of Nexeo Solutions, Inc. (“Nexeo”). The transaction will follow Nexeo’s pending acquisition by Univar Inc. and is expected to close during the […]

Clearlake Capital-Backed Firm To Acquire Rogue Wave Software

MINNEAPOLIS, MN and SANTA MONICA, CA – January 22, 2019 – Perforce Software (“Perforce”), a global provider of enterprise-grade DevOps-focused software solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has reached a definitive agreement to acquire Rogue Wave Software (“Rogue Wave”), a leading independent provider of cross-platform software […]

Clearlake Capital-Backed Janus International Announces Acquisitions

Temple, GA Dec 13, 2018 – Janus International Group, LLC (“Janus”), the leading global manufacturer and supplier of turn-key building solutions and new technology for the self-storage industry, today announced the acquisition of Nokē, Inc. (“Nokē”) the creator of high tech smart locking solutions. The acquisition will allow both companies to continue to develop and […]

One Rock Capital Affiliate Acquires Castfutura S.P.A.

NEW YORK, December 19, 2018 – One Rock Capital Partners, LLC (“One Rock”) announced that one of its affiliates, Robertshaw, a global engineering and manufacturing company focused on controls and solutions for residential white goods and commercial appliances, acquired CastFutura S.p.A. (“CastFutura”), a leading provider of combustion, safety and ignition products for cooking and heating […]

Outsized Performance Is Met With Outsized Demand

Outsized Performance is met with Outsized Demand By Alan Hughes of the National Association of Investment Companies Achieving oversubscribed status is often a positive accomplishment for private equity firms. It generally shows that investors have confidence in the firm’s management team and that its investment strategy will lead to healthy returns for its limited partners. […]

Siris Capital Completes Sale Of Intralinks Holdings In $1.5B Deal

WINDSOR, Conn., Nov. 16, 2018 /PRNewswire/ – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced it has completed the acquisition of Intralinks Holdings, Inc. Intralinks is a leading financial technology provider for the global banking, deal making and capital markets communities. Intralinks facilitates strategic initiatives […]

Clearlake Capital Acquires Team Technologies

Santa Monica, CA and Morristown, TN – November 15, 2018 – Clearlake Capital Group, L.P. (together with certain affiliates, “Clearlake”) today announced that it has acquired TEAM Technologies Inc. (“TEAM Technologies”or the “Company”), in partnership with Company management, from The Riverside Company. TEAM Technologies is a leading custom design and manufacturing partner to many of […]

Representations And Warranties Insurance: A Tool For Mitigating M&A Downside Risk

Representations and Warranties Insurance: A Tool for Mitigating M&A Downside Risk Acquiring Representations and Warranties Insurance is an often-overlooked strategic tool in the M&A toolbox, but one that can potentially benefit both those on the buy and sell side of a deal. There is risk inherent in any transaction, and Representations and Warranties (or R&W) […]

Top Talent Finding Success On Their Own

Top Talent Finding Success On Their Own By Alan Hughes of the National Association of Investment Companies Diverse managers who have succeeded at world-renowned firms have done so by consistently delivering superior returns over many years in both good and bad economic environments. After building reputations as skillful investors, a growing number of these professionals […]

Initiative To Diversify Federal Fund Manager Pool Gains Momentum

Initiative to Diversify Federal Fund Manager Pool Gains Momentum By Alan Hughes of the National Association of Investment Companies The federal government began its first supplier diversity program back in the 1950s with the establishment of the Small Business Administration to oversee the federal contracting process and level the playing field for small businesses. The […]

NAIC E-News Archive 2018

A collection of 2018 issues of the NAIC bi-weekly email newsletter containing NAIC news, industry news and updates, NAIC member news member deals and more. December 6, 2018November 15, 2018October 23, 2018September 27, 2018September 6, 2018August 17, 2018June 27, 2018June 13, 2018April 12, 2018March 7, 2018February 6, 2018January 10, 2018

One Rock Portfolio Company To Acquire CastFutura S.P.A.

Itasca, IL – October 26, 2018 – Robertshaw, a global engineering and manufacturing company focused on controls and solutions for residential white goods and commercial appliances, announced today that it has signed a definitive agreement with Star Capital SGR and other shareholders to acquire 100%of CastFutura S.p.A., a leading provider of combustion, safety and ignition […]

Neuberger Berman Acquires Insurance-Linked Strategies Manager And Affiliated Reinsurer

New York, November 1, 2018 – Neuberger Berman has broadened its alternative investment platform through the acquisition of specialist asset manager Cartesian Re, which with its affiliate Iris Re, manages more than $1 billion in assets under management (AUM) focusing on the insurance-linked strategies (ILS) asset class. Cartesian Re was developed as a portfolio company […]

Pharos Capital Recapitalizes Post-Acute Care Provider Charter Health Care Group

DALLAS and NASHVILLE, Tenn., Oct. 30, 2018 /PRNewswire/ — Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced it has made a majority investment in Charter Health Care Group (“Charter”), a leading provider of post-acute care services based in Southern California. Founded in 2006 by industry veterans Fred Frank […]

Clearlake Capital-Backed Wheel Pros Acquires ReadyLIFT

SANTA MONICA, CA and GREENWOOD VILLAGE, CO – October 29, 2018- Wheel Pros, a leading designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories, today announced that it has acquired ReadyLIFT, a leading designer and distributor of suspension, lift, and leveling kits. Financial terms of the transaction were not disclosed. ReadyLIFT […]

Wicks Group Portfolio Company Acquires IdentityForce Inc.

August 15, 2018 EZShield, a portfolio company of The Wicks Group (“Wicks”) and the leader in digital identity protection and resolution, today announced it has acquired IdentityForce, the #1 rated identity theft protection provider for businesses and consumers. The acquisition expands EZShield’s identity protection ecosystem by nearly 50 percent, providing partners in every industry, businesses […]

Palladium Equity Partners Acquires Kymera International

October 10th, 2018 New York and Raleigh, NC, October 11, 2018 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has acquired Kymera International (ACuPowder International, ECKA Granules and SCM Metal Products, […]

Clearlake To Sell Automotive Interior Materials Supplier

Santa Monica, CA and Greenville, SC – July 19, 2018 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced a definitive agreement to sell Sage Automotive Interiors (“Sage”or the “Company”) to an affiliate of Asahi Kasei Corporation (TSE: 3407, “Asahi Kasei”). The transaction is subject to customary closing conditions and regulatory approvals. […]

GenNx360 Capital Partners Acquires Precision Aviation Group

GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm which invests in middle market business services and industrial companies is pleased to announce its acquisition of Precision Aviation Group, Inc. (“PAG”or the “Company”), effective July 26, 2018. PAG, established in 1993, is a leading provider of maintenance, repair and overhaul (MRO) and supply chain […]

Grain Management To Acquire Nebraska Telecommunications Company

Washington, DC – Grain Management, LLC (Grain), a leading private equity firm focused on investments in the communications sector, announced today that it has entered into a definitive agreement to acquire Great Plains Communications – the largest privately-owned telecommunications provider in Nebraska. “We are enthusiastic about the outstanding performance Great Plains Communications has delivered for […]

Palladium Equity Partners To Invest In Partnership With Owners Of Spices Provider

New York and Orlando, FL, July 10, 2018 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has made an investment in partnership with the owners of Spice World, Inc. (“Spice World”or […]

Web.Com To Be Acquired By Siris Capital Affiliate In Deal Valued At Roughly $2 Billion

JACKSONVILLE, Fla, June 21, 2018 – Web.com Group, Inc. (NASDAQ: WEB), a leading global provider of a full range of Internet services and online marketing solutions for small and medium‐sized businesses, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Siris Capital Group, LLC in an all-cash […]

Grain Management Acquires Telecommunications Provider

June 19, 2018 – Washington, DC – Grain Management, LLC (Grain), a leading private equity firm focused on investments in the communications sector, announced today that it has entered into a definitive agreement to acquire Great Plains Communications – the largest privately-owned telecommunications provider in Nebraska. “We are enthusiastic about the outstanding performance Great Plains […]

Pharos Capital’s Family Treatment Network Acquires CCMC School

DALLAS and NASHVILLE, Tenn., June 13, 2018 /PRNewswire/ — Pharos Capital Group, LLC (“Pharos”), through its Family Treatment Network platform (“FTN”), announced today that it has acquired the CCMC School, based in New Britain, CT. Additional terms of the transaction were not disclosed. The CCMC School, an affiliate of Connecticut Children’s Medical Center, provides comprehensive […]

Clearlake Capital Portfolio Company Acquires Automotive Products Provider

SANTA MONICA, CA and GREENWOOD VILLAGE, CO – June 4, 2018 – Wheel Pros, a leading designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories, today announced that it has completed the acquisition of Amcor Industries, Inc. (d/b/a Gorilla Automotive Products) (“Gorilla”), a leading designer and distributor of branded automotive aftermarket lug […]

GTCR And Sycamore Partners Complete Acquisition Of CommerceHub

May 21, 2018 – Affiliates of GTCR and Sycamore Partners, two leading private equity firms, today announced the closing of the acquisition of CommerceHub, Inc. (“CommerceHub”or the “Company”), a leading distributed commerce network for retailers and brands. “The closing of this transaction represents a new and exciting chapter for CommerceHub,”said Frank Poore, CommerceHub’s Founder, President […]

Naic’s Open Letter To CalSTRS On Behalf Of Diverse Investment Managers

WASHINGTON, June 7, 2018 – The National Association of Investment Companies (NAIC) today issued the following letter to Chief Investment Officer magazine in response to troubling material the media outlet reported on the California State Teachers’ Retirement System’s (CalSTRS) diversity and emerging manager programs. Because of its importance to the field, the NAIC is today […]

NAIC Commends Investment Group For Recognizing Performance And Potential Of Diverse-Owned Firms

WASHINGTON, June 4, 2018 – The National Association of Investment Companies (NAIC) congratulates Clearlake Capital Group and the investment group led by Dyal Capital Partners on the group’s recent acquisition of a minority stake in Clearlake Capital. This transaction exemplifies a clear recognition of the enormous success Clearlake Capital has achieved to date, and its […]

NAIC Roadshow To Connect Diverse-Owned Firms With DC Institutional Investors

WASHINGTON, MAY 21, 2018 – Some of the nation’s top-performing diverse investment managers will meet with institutional investors from the Washington, DC Metropolitan Area today to showcase how investing with minority-owned firms could lead to greater returns for retirement plans. Hosted by the National Association of Investment Companies (NAIC), the institutions represented at the Institutional […]

NAIC Congratulates Members Ranked Among The World’s Largest Private Equity Firms

WASHINGTON, MAY 18, 2018 – The National Association of Investment Companies (NAIC) congratulates its 10 member firms named to the PEI 300, Private Equity International’s list of the world’s biggest private equity firms. The list, which is based on how much capital raised over the last five years, represents a collective fundraising total of $1.5 […]

Clearlake Capital Group Portfolio Company Acquires Programming Research Ltd.

Minneapolis, Minn. – May 2, 2018 – Perforce Software (“Perforce”), a global provider of solutions to enterprise teams requiring productivity, visibility and scale during all phases of the technology development lifecycle, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the acquisition of UK-based Programming Research Ltd. (“PRQA”), a leading provider […]

GenNx360 Acquires GenServe Inc.

GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm which invests in middle market business services and industrial companies is pleased to announce its acquisition of GenServe Inc. (“GenServe”or the “Company”), effective April 12, 2018. GenServe is the largest independent provider of scheduled and emergency power generator maintenance, repair and sales in the North […]

Neuberger Berman Launches Specialty Finance Group

New York, NY, May 1, 2018 – Neuberger Berman, a private, independent, employee-owned investment manager, announced its entry into the broader specialty finance industry with the formation of Neuberger Berman Specialty Finance group (“NBSF”). The firm manages $299 billion in assets, of which $60 billion is alternative investments for institutions and individuals. NBSF seeks to […]

Plantronics To Acquire Siris Capital Portfolio Company In $2B Deal

SANTA CRUZ, Calif., March 28, 2018 (GLOBE NEWSWIRE) – Plantronics (NYSE: PLT) and Polycom today announced that they have entered into a definitive agreement under which Plantronics will acquire Polycom in a cash and stock transaction valued at $2.0 billion enterprise value. The transaction has been unanimously approved by the boards of directors of both […]

Wicks Group Portfolio Company Acquires DatStat

Seattle, WA, April 4, 2018 – SCI Solutions (SCI), a leading patient access and care coordination software company, today announced it has acquired DatStat, a leading provider of patient engagement and digital health tools. The combination of SCI’s market-leading patient scheduling, referral management and revenue cycle software with DatStat’s digital self-service tools for pre-visit preparation, […]

Pharos Capital Launches Oncology Practice, Clinical Research Management Platform

DALLAS & NASHVILLE, Tenn.-(BUSINESS WIRE)-Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced it has acquired Horizon Oncology (“Horizon”), headquartered in Lafayette, Indiana. The acquisition marks the launch of Verdi Oncology, Inc. (“Verdi”), an oncology practice and clinical research management company. Verdi will focus on aggregating high-quality oncology practices […]

GenNx360 Capital Acquires Housing Solutions Provider

GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm which invests in middle market business services and industrial companies announced today its acquisition of CRS Temporary Housing (“CRS”or “Company”), a leading asset-light provider of professionalized relocation and temporary housing solutions. Terms of the transaction were not disclosed. Founded nearly 30 years ago and headquartered […]

NAIC To Present Fiduciary Case For Diversity Among Fund Managers At Private Equity Summit

LOS ANGELES, APRIL 24, 2018 – The National Association of Investment Companies (NAIC), the industry association for diverse-owned and emerging investment managers, will present the fiduciary case for capital allocators to engage with diverse investment managers during Institutional Investor’s 2018 Private Equity Summit – West Coast in Los Angeles today. Robert L. Greene, President & […]

Clearlake Capital Closes Fund V At Over $3.6 Billion

Santa Monica, CA – March 16, 2018- Clearlake Capital Group, L.P. (“Clearlake”), a leading investment firm with a sector-focused approach, announced today it has completed fundraising for Clearlake Capital Partners V (“Fund V”) with over $3.6 billion in commitments. Fund V exceeded its target and was substantially oversubscribed, reaching its hard cap. At over $3.6 […]

Private Equity Leaders Working To Increase Gender Diversity In The Industry

NEW YORK, Feb. 9, 2018 /PRNewswire-USNewswire/ — On February 7th, the Private Equity Women’s Initiative hosted its second annual Forum at KPMG LLP headquarters in New York City with the aim of increasing gender diversity throughout the private equity industry. The Forum specifically included interactive discussions, case study analyses, networking opportunities, and insight from top […]

Clearlake Capital Portfolio Company Acquires Global IT Services Provider

EAGAN, Minn., December 18, 2017 – ConvergeOne, a leading global IT services provider of collaboration and technology solutions, today announced that it has acquired Alexander Open Systems (“AOS”), a leading IT consulting group headquartered in Overland Park, Kansas. Effective immediately, AOS is now AOS, a ConvergeOne Company. This acquisition further solidifies ConvergeOne’s position as a […]

Vista Completes Acquisition Of Data Protection Solutions Provider

NORWALK, Conn.–(BUSINESS WIRE)–Datto, the leading provider of total data protection solutions for businesses around the world, today announced it has finalized its acquisition by Vista Equity Partners (“Vista”), a leading investment firm focused on software, data and technology-enabled businesses. The acquisition, first announced in late October, and the simultaneous merger with Vista portfolio company Autotask, […]

Siris Affiliates To Acquire Intralinks Holdings, Invest In Synchronoss

NEW YORK, October 17, 2017 – Siris Capital Group, LLC (“Siris”) today announced that investment funds affiliated with Siris have entered into a definitive agreement to acquire 100% of the common stock of Intralinks Holdings, Inc. (“Intralinks”), a global leader for secure data sharing and enterprise collaboration solutions and a wholly owned subsidiary of Synchronoss […]

NAIC Issues Statement On GAO Report On Disparities In Asset Management

WASHINGTON, SEPTEMBER 25, 2017 – Robert L. Greene, President & CEO of the National Association of Investment Companies (NAIC), today commended Congresswoman Maxine Waters (D-CA), Senator Cory Booker (D-NJ), and Congressman Gregory Meeks (D-NY), for their efforts towards removing barriers limiting diverse investment managers from participating in overseeing federal retirement plans. He also stressed the […]

Neuberger Berman Portfolio Company Acquires Fashion Brand

Los Angeles and New York, August 1, 2017 – Marquee Brands LLC announced today that it has acquired the entire portfolio of brands from BCBG Max Azria Global Holdings, LLC including the BCBGMAXAZRIA®, BCBGeneration® Herve Leger® brands and all related intellectual property. Established in 1989, BCBG Max Azria was launched and named for the French […]

Siris Capital Company Acquires Virtual Application Delivery Controller Business

SAN JOSE, CA – AUGUST 1st 2017 – Pulse Secure, LLC (“Pulse Secure”), a leading provider of secure access solutions to both enterprises and service providers, today announced that it has completed the acquisition of assets associated with the Virtual Application Delivery Controller (vADC) product family from Brocade Communications Systems, Inc. (“Brocade”). The transaction includes […]

Vista Equity Partners Completes Acquisition Of Xactly

SAN JOSE, Calif.–(BUSINESS WIRE)–Xactly (NYSE:XTLY), a leading provider of cloud-based incentive solutions, today announced that it has been acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on investments in software, data and technology-enabled businesses. The transaction, originally announced on May 30, 2017, was completed on July 31, 2017. Xactly’s stockholders approved […]

Stellex Capital Management Closes Debut Middle Market Fund At $870 Million

NEW YORK & LONDON–(BUSINESS WIRE)–Stellex Capital Management (“Stellex”), a middle market private equity firm with offices in New York and London, today announced the successful closing of its debut fund, Stellex Capital Partners LP (the “Fund”), with aggregate commitments of $870 million, exceeding the Fund’s $750 million target. Stellex has a flexible investment strategy that […]

New Mainstream Capital Invests In Optometric Referral Practice

New York, NY, July 6, 2017 – New MainStream Capital (“NMS”), announced today that, in partnership with Drs. Christopher Quinn, Douglas Grayson, Burton Wisotsky and Michael Veliky, it has made a strategic investment in Omni Ophthalmic Management Consultants, LLC and its affiliates (“Omni”or “Omni Eye Services”) to provide practice management services to Omni Eye Specialists […]

Clearlake Capital To Sell Software Providers In $1.26B Deal

Santa Monica, CA – July 6, 2017 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced a definitive agreement to merge enterprise software providers Syncsort Incorporated (“Syncsort”) and Vision Solutions, Inc. (“Vision”) as well as the simultaneous sale of a significant ownership position in the combined company to Centerbridge Partners, L.P. (“Centerbridge”). […]

RLJ Equity Partners Completes Sale Of Cleaning And Maintenance Services Provider

Audax Private Equity, along with CEO and Founder of EnviroVac Kevin Jackson, and the EnviroVac Management team have acquired EnviroVac, a leading provider of mission-critical cleaning and maintenance services to the power & utilities, pulp & paper, chemical, steel, and manufacturing industries. The seller is RLJ Equity Partners, LLC. No financial terms were disclosed. Houlihan […]

HarbourVest Partners Invests In Performance Analytics And Reporting Solutions Developer

June 20, 2017 – Investment Metrics, a leading provider of performance measurement, investment analytics, risk attribution, market intelligence and reporting software to the investment management industry, announced today that it has received a significant equity investment from Resurgens Technology Partners and HarbourVest Partners. The new partnership will enable Investment Metrics to make continued investments in […]

Vista Combines Financial Software Providers To Form Finastra

LONDON and TORONTO, June 14, 2017 /PRNewswire/ – Today Misys and D+H have joined forces to create a diversified global financial software provider, unmatched in terms of depth and breadth of solutions. Operating under the new company name Finastra (www.finastra.com), the combination will create the third largest financial services technology company in the world. The company […]

GenNx360 Capital To Sell Manufacturer Of Dump Truck Bodies

GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, is pleased to announce that it has entered into a definitive agreement to sell its portfolio company, Truck Bodies and Equipment International (“TBEI”), a leading U.S. manufacturer of dump truck bodies and trailers, to Federal Signal Corporation (NYSE:FSS) (“Federal Signal”), a leader in environmental and […]

ICV Partners Invests In Client Acquisition And Lead Generation Specialist

TAMPA, FL, May 9, 2017 – ICV Partners, LLC, a leading investment firm focused on middle market companies, announced today its investment in LeadingResponse, aclient acquisition and lead generationspecialist to professional service firms. Terms of the transaction were not disclosed. Founded in 1995, LeadingResponse offers technology enabled, data-drivenclient acquisition services to professional services end markets.Headquartered […]

Sycamore Partners Acquires NBG Home

NEW YORK, April 27, 2017 /PRNewswire/ — Sycamore Partners today announced that it has acquired NBG Home (“NBG”), a leading global designer, manufacturer and marketer of affordable home décor products from Kohlberg & Company, L.L.C. NBG offers an extensive array of home décor products, including ready-made and custom framing, lighting, accent furniture, wall décor, and […]

Vista Equity Partners Invests In Cloud-Bbased E-Discovery Software Provider

PORTLAND, OR–(Marketwired – May 16, 2017) – Zapproved Inc., the market leader in cloud-based e-discovery software for corporate legal departments, today announced that the company has received a strategic investment from Vista Equity Partners (“Vista”) to accelerate their growth in the e-discovery software market. Vista is a leading private equity firm that invests in software, […]

Clearlake Capital Portfolio Company Plans Acquisition

EAGAN, Minn., April 18, 2017 – ConvergeOne, a leading global provider of state-of-the-art communications and data solutions, today announced that it has signed an agreement to acquire Rockefeller Group Technology Solutions (RGTS), a Unified Communications as a Service pioneer based in New York. Required regulatory and government approvals to complete the transaction will occur in […]

Neuberger Berman Deepens Commitment To China

Hong Kong, April 18, 2017 – Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the opening of an investment management wholly foreign-owned enterprise (WFOE) in Shanghai. The launch of the WFOE reaffirms the company’s long-term commitment to this important market. The WFOE will allow Neuberger Berman to operate an onshore investment […]

Palladium Equity Partners Completes Investment In Trail Mix Producer

NEW YORK, NY and MADISON HEIGHTS, MICHIGAN, April 5, 2017 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with approximately $2.0 billion in assets under management, today announced that one of its affiliated private equity funds has made a significant investment in partnership with the owner of Kar Nut […]

New Mainstream Capital Announces Partnership To Form The Cordental Group

New York, NY, March 1, 2017 – New MainStream Capital (“NMS”) announced today that it has entered into a partnership with Dana Soper and Steven Jones to form the CORDENTAL Group™ (“CORDENTAL”), a dental support organization. The business venture will capitalize on the “build-up”and dental industry expertise brought by Ms. Soper and Mr. Jones, along […]

GenNx360 Capital Partners Invests In Railcar Repair Company

GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm investing in middle market companies, today announced its investment in Appalachian Railcar Services, Inc. (“ARS”or the “Company”). ARS provides railcar repair, railcar storage, plant loading and unloading, and short line switching operations at 47 locations across 18 states. It serves a well-diversified customer base covering […]

Affiliates Of Siris Capital Complete Combination Of Mitel Mobile With Xura And Ranzure Networks

RICHARDSON, TX, February 28, 2017: Today affiliates of Siris Capital Group, LLC (“Siris Capital”or “Siris”) and Xura, Inc. (“Xura”) announced the completion of the acquisition of Mitel Mobility, Inc. (“Mitel Mobile”), a division of Mitel Networks Corporation (“Mitel”, Nasdaq: MITL, TSX: MNW). This announcement follows the completion of Xura’s acquisition of Ranzure Networks, Inc. (“Ranzure”) […]

Sycamore Partners Acquires The Limited’s Brand And Related Intellectual Property

NEW YORK, Feb. 24, 2017 /PRNewswire/ — Sycamore Partners today announced that it has acquired The Limited’s brand and other related intellectual property assets. The intellectual property was purchased through a competitive auction run by The Limited as part of its ongoing Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. […]

Clearlake Capital Announces Investment In NetDocuments

SANTA MONICA, CA and LEHI, UT (March 1, 2017) – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has reached a definitive agreement in partnership with management to acquire NetDocuments (the “Company”), the leading provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate […]

Wicks Group Acquires Provider Of Digital Content

The Wicks Group Acquires Gladson – Gladson Holdings, LLC (“Gladson” or the “Company”), announced that The Wicks Group of Companies, LLC (“Wicks”), a New York-based private investment firm, has completed the acquisition of the Company. The terms of the transaction, which closed on January 25, 2017, were not disclosed. Founded in 1971 and headquartered in […]

Neuberger Berman Division Closes Fund III With $5.3 Billion

New York and London, February 14, 2017 – Dyal Capital Partners (Dyal), a division of Neuberger Berman Group, announced today that in December it closed Dyal Capital Partners III (PE), its third fund, with approximately $5.3 billion of committed capital. Dyal increased the target fund size by over $2.0 billion during the marketing period, as […]

Vista Portfolio Company Acquires Cloud Security Provider

Austin – February 8, 2017 – Global cybersecurity leader Forcepoint™ today announced the acquisition of the Skyfence business from Imperva. The acquisition plays a pivotal role in Forcepoint’s strategy to deliver cybersecurity systems that help customers understand people’s behaviors and intent as they interact with data and IP wherever it may reside, including fast-growing cloud […]

Clearlake Capital Portfolio Company Prices Public Offering

THE WOODLANDS, TX, February 2, 2017 – Smart Sand, Inc. (the “Company”) has priced a public offering of 5,950,000 shares of its common stock at $17.50 per share, of which 1,500,000 shares are to be sold by the Company and 4,450,000 shares are to be sold by the selling stockholders named in the registration statement […]

Siris Capital Portfolio Company To Acquire Provider Of Cloud Communications Services

ATLANTA, January 12, 2017 – PGi, the world’s largest dedicated provider of collaboration software and services, today announced that it has entered into a definitive agreement to acquire Denver-based ReadyTalk, a leading provider of cloud communications services, including audio, web and video conferencing, and self-service and managed webinar solutions. “We have admired ReadyTalk for years. […]

Clearlake Capital To Acquire LANDESK

SANTA MONICA, CA AND SALT LAKE CITY, UT – January 3, 2017 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has signed a definitive agreement to acquire LANDESK from Thoma Bravo. Financial terms of the transaction were not disclosed. As part of the transaction, Clearlake will contribute its portfolio […]

Siris Capital Affiliate To Acquire Mitel Mobile And Ranzure Networks

WAKEFIELD, MA, December 19, 2016 – Xura, Inc. (“Xura”), a leading provider of digital communications services, today announced that its affiliates have entered into definitive agreements to acquire Mitel Mobility, Inc. (“Mitel Mobile”), a division of Mitel Networks Corporation (“Mitel”, Nasdaq: MITL, TSX: MNW), and Ranzure Networks, Inc. (“Ranzure”). Mitel Mobile, formerly Mavenir Systems, is […]

The Wicks Group Acquires Invo Healthcare Associates

New York, January 9, 2017 – Invo Healthcare Associates, LLC (“Invo”), announced that The Wicks Group of Companies (“Wicks”), a private investment firm, has completed a majority recapitalization of the company along with management and Invo’s existing shareholders at Post Capital Partners (“Post Capital”). The terms of the transaction, which closed on December 23, 2016, […]

Neuberger Berman Raises $2.5 Billion For Fourth Global Private Equity Secondary Fund

New York, January 5, 2017 – Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the final close of NB Secondary Opportunities Fund IV LP (“SOF IV”), Neuberger Berman’s fourth global private equity secondary fund. SOF IV closed at $2.5 billion, surpassing its target of $2.0 billion. SOF IV, which launched in […]

HarbourVest Partners Closes Secondaries Fund Above Target

November 07, 2016 – HarbourVest Partners, a global private markets asset manager, today announced the final close of its latest secondaries fund. The fund was oversubscribed, and closed above its $3.6 billion target at $4.77 billion. “Our global secondaries team has decades of experience and deep industry relationships. As the secondaries market continues to evolve, […]

Vista Equity Partners Completes Cash Tender Offer For Shares Of Infoblox

November 7, 2016 – Santa Clara, Calif. – Infoblox Inc. (NYSE: BLOX) (“Infoblox”or the “Company”) and Vista Equity Partners (“Vista”) today announced the successful completion of the tender offer (the “Offer”) by India Merger Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of Delta Holdco, LLC (“Parent”) and an affiliate of Vista, for all of […]

RLJ Equity Partners To Sell Interest In MarketCast, LLC

LOS ANGELES & NEW YORK–(BUSINESS WIRE)–MarketCast, LLC (“MarketCast,”or the “Company”), the leading provider of strategic insights and data analytics to marketers and researchers in the global entertainment industry, and Kohlberg & Company LLC (“Kohlberg”), a leading private equity firm headquartered in New York, today announced that Kohlberg has entered into a definitive agreement to acquire […]

Clearlake Capital Leads Recapitalization Of Light Tower Rentals

Santa Monica, CA and Odessa, TX – October 11, 2016 – Clearlake Capital Group, L.P., (together with its affiliates, “Clearlake”) and Light Tower Rentals, Inc. (“LTR”or the “Company”) today announced that certain affiliates of Clearlake have led the recapitalization of LTR in partnership with the Company’s management team and other existing stakeholders. Founded in 1994 […]

GenNx360 Capital Portfolio Company Acquires Travis Body & Trailer

GenNx360 Capital Partners (“GenNx360”) is pleased to announce that its portfolio company, Truck Bodies & Equipment International Inc. (“TBEI”), has acquired Travis Body & Trailer Inc. (“Travis”) on September 30, 2016. Travis, based in Houston, Texas, is a manufacturer of aluminum end dumps, bottom dumps and transfer trailers to the construction, waste and recycling, rendering […]

New Mainstream Capital Portfolio Company Acquires Falcon Consulting, LLC

EDISON, N.J. and CHICAGO – Avaap, the largest Infor systems integrator, announced today it has acquired Falcon Consulting, LLC, a KLAS-leading Epic Systems implementation and optimization firm. With this acquisition, Avaap has put itself in the distinctive position of servicing the largest enterprise software needs for its healthcare customers. Avaap is strategically focused on Infor […]

Palladium Equity Partners Announces Significant Investment In Del Real Foods

New York, NY and Mira Loma, CA, October 11, 2016 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with approximately $2.0 billion in assets under management, today announced that one of its affiliated private equity funds has made a significant investment in partnership with the founding family of Del […]

The Wicks Group Affiliate Acquires Lead Generation Services Business

New York, September 21, 2016 – Argyle Executive Forum, LLC (“Argyle”), a leading provider of events, content and professional networks for C-Suite executives, announced that it has acquired Proformative, Inc.’s (“Proformative”) webinar and lead generation services business unit. Proformative produces more than 100 CPE-accredited webinars annually for corporate finance, treasury and accounting executives. Proformative’s separate, […]

Pharos Capital Acquires Controlling Position In Techlab, Inc.

DALLAS & NASHVILLE, Tenn.–(BUSINESS WIRE)–Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced it has acquired a controlling position in TechLab, Inc. (“TechLab”or “the Company”), a developer and manufacturer of rapid, non-invasive diagnostic tests for gastrointestinal disease. Pharos is acquiring its stake from Alere, Inc. (NYSE:ALR) as well as […]

Vista Equity Partners To Acquire RDC

NEW YORK and LONDON — September 6, 2016 – Regulatory DataCorp, Inc. (“RDC”), the Trust Diligence™ leader across the Governance, Risk, and Compliance industry, today announced that it has been acquired from Bain Capital Ventures and others by Vista Equity Partners (“Vista”), a leading private equity firm focused on software, data and technology-enabled businesses. This […]

Siris Completes Acquisition Of Xura

WAKEFIELD, Mass., August 19, 2016 –Xura, Inc. (NASDAQ: MESG), a leading provider of digital communications services, today announced the completion of its acquisition by affiliates of Siris Capital Group, LLC (“Siris”or “Siris Capital”) in a transaction reflecting an equity value of approximately $643 million. The transaction, which was initially announced on May 23, 2016, was […]

Clearlake Capital Group Announces Sale Of NetMotion Wireless To The Carlyle Group

Seattle, WA & Santa Monica, CA – August 15, 2016 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) announced today that NetMotion Wireless, Inc. (“NetMotion”or the “Company”), a provider of mobile security software solutions, has entered into a definitive agreement to be acquired by The Carlyle Group (NASDAQ: CG; “Carlyle”). The transaction is […]

Pharos Capital Acquires Telepsychiatry Service Provider FasPsych, LLC

DALLAS & NASHVILLE, Tenn.–(BUSINESS WIRE)–Pharos Capital Group, LLC, a private equity firm based in Dallas and Nashville, has acquired telepsychiatry services provider FasPsych, LLC. The acquisition was done in partnership with the company’s founder, Ed Irby, who, along with the company’s seasoned management team, rolled a significant equity stake in conjunction with the transaction. FasPsych, […]

Vista Portfolio Company Announces Acquisition Of Canada-Based SRB Education Solutions

Folsom, CA — August 8, 2016 — PowerSchool, the leader for K-12 education technology solutions, today announced the acquisition of SRB Education Solutions (SRB), a leading provider of complementary administrative and ERP solutions for K-12 school boards and districts in Ontario and throughout the Canadian provinces. Acquiring SRB allows the company to more rapidly expand […]

NAIC Partnership Aims To Increase Number Of Women In Private Equity

WASHINGTON, DC, JULY 18, 2016 – The National Association of Investment Companies (NAIC), the industry association for diverse-owned and emerging private equity firms and hedge funds, today announced the commencement of the Private Equity Women’s Initiative to increase the number of women entering and advancing in the private equity industry. A partnership between the NAIC […]

The Silverfern Group Invests In French Clothing Brand

Paris, France July 9, 2015 – The Silverfern Group, a leader in active global direct investment, today announced that it has co-invested in the acquisition of IKKS, one of the leading French ready-to-wear brands with a unique position in the “casual chic”segment, alongside LBO France and IKKS founder Roger Zannier, who retained a 30% stake […]

Siris Capital Group To Acquire Polycom, Inc. For $2 Billion In Cash

NEW YORK, New York, July 8, 2016 — Siris Capital Group, LLC today announced that its affiliates have submitted a unilaterally binding offer to acquire all outstanding shares of Polycom, Inc. (NASDAQ: PLCM) for a price of $12.50 per share in cash. The offer is subject to Polycom terminating its existing merger agreement with Mitel […]

Vista Portfolio Company Acquires Media Solutions Provider

NEW YORK (July 7, 2016) – Mediaocean, the leading software provider for the advertising world, announced that it has acquired INVISION Inc., a leading provider of cross-device sell-side workflow solutions to major media companies. “As marketing transforms into multi-screen, IP-based cross media, the futures, spot and real time markets are converging,”said Bill Wise, CEO of […]

One Rock Capital Affiliate Acquires Biochemical Diagnostics, Inc.

GARDEN GROVE, CA, JUNE 3, 2016 – Kova International, Inc. (“Kova”) announced today that it has acquired Biochemical Diagnostics, Inc. (“Biochemical Diagnostics”). The transaction was completed on April 22, 2016. Financial terms of the transaction were not disclosed. Founded in 1981, Biochemical Diagnostics, based in Edgewood, NY is a leading manufacturer and marketer of controls […]

Clearlake Capital Completes Acquisition Of Vision Solutions

SANTA MONICA, CA (June 20, 2016) – Clearlake Capital Group, L.P. together with its affiliates (“Clearlake”) today announced that it has completed the acquisition of Vision Solutions, Inc. (“Vision”or the “Company”), a global data protection, high availability and cloud migration software provider with a proven track record of technological innovation on the IBM Power Systems, […]

The Wicks Group Completes Sale To Wasserstein Partners

SECAUCUS, NJ USA — Wasserstein Partners acquired Northstar Travel Group, the leading provider of business-to-business information, content, events, data, research, custom content and software dedicated to the global travel and meeting industries, from the Wicks Group of Companies. Investing alongside Wasserstein Partners IV were its co-investors, Alberta Teachers’ Retirement Fund Board, John Hancock, and Storebrand […]

One Rock Capital Partners Sells Compass Chemical To Italmatch Chemicals

NEW YORK, June 7, 2016 – One Rock Capital Partners, LLC (“One Rock”) announced today that one of its affiliates has sold Compass Chemical International, LLC (“Compass”) to Italmatch Chemicals Group (“Italmatch”), a leading global chemicals group that specializes in the manufacture and marketing of performance additives for lubricants, water treatment and oil & plastics. […]

Clearlake Capital Affiliates Sell Stake In Ashley Stewart Inc.

SECAUCUS, NJ (June 6, 2016) — Ashley Stewart, Inc (“Ashley Stewart”or the “Company”) today announced that an affiliate of The Invus Group LLC (“Invus”), in partnership with senior management, has acquired a controlling interest in the Company from affiliates of Clearlake Capital Group, L.P. (“Clearlake”) and FirePine Group, LLC (“FirePine Group). Terms were not disclosed. […]

Vista Equity Partners To Acquire Marketo, Inc. For $1.79 Billion

SAN MATEO, Calif., May 31, 2016 — Marketo, Inc. (NASDAQ: MKTO), the leading provider of engagement marketing software and solutions, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on investments in software, data and technology-enabled businesses. Marketo logo. The […]

Clearlake Capital To Acquire Vision Solutions

SANTA MONICA, CA (May 12, 2016) — Clearlake Capital Group, L.P. together with its affiliates (“Clearlake”) today announced that it has reached a definitive agreement to acquire Vision Solutions, Inc. (“Vision”or the “Company”) – a global data protection, high availability and cloud migration software provider with a proven track record of technological innovation on the […]

One Rock Capital Partners To Acquire Certain Downstream Assets From Chevron

NEW YORK, April 19, 2016 — Island Energy Services, LLC, a wholly owned subsidiary of One Rock Capital Partners, LP (“One Rock”) announced today that it has signed an agreement to acquire from Chevron U.S.A. Inc. (“Chevron”) certain refining, distribution and retail assets located in Hawaii, including the 58,000 barrel-per-day refinery in Kapolei, Chevron’s interests […]

Cvent Enters Into Definitive Agreement To Be Acquired By Vista Equity Partners For $1.65 Billion

TYSONS CORNER, Va. Cvent Inc. (NYSE: CVT) a leading cloud-based enterprise event management company, today announced that it has entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners (“Vista”), a leading private equity firm focused on investments in software, data and technology-enabled businesses. The terms of this all-cash deal provide […]

TSYS Completes Acquisition Of Vista Equity Portfolio Company

COLUMBUS, Ga., April 1, 2016 — TSYS (NYSE: TSS) today announced it has completed its acquisition of TransFirst, a leading U.S. merchant solutions provider. TransFirst and TSYS’ existing merchant businesses will be combined under the TSYS brand to create the 6th largest merchant acquirer in the U.S. based on revenue and the 3rd largest integrated […]

Siris Capital Co-Founder And Managing Partner Donates $7M For Low-Income Students

March 28, 2016 — A $7 million gift to the University of Chicago from Frank Baker, AB’94, and his wife, Laura Day, will endow undergraduate scholarships and internships for lower-income students of outstanding promise. In recognition of the gift, the College’s newest dining commons will be named the Frank and Laura Baker Dining Commons. The […]

Stellex Capital Management Affiliate Acquires Equipment Manufacturer

Winn, MI — March 21, 2016 – Morbark, LLC, announced that an affiliate of Stellex Capital Management has acquired the Company. The acquisition is focused on providing growth capital and resources to significantly expand the Company in the future. The stock purchase is a strong fit for the new owners with a portfolio focus of […]

Clearlake Capital Acquires Maker Of Premium Branded Snacks

Santa Monica, CA March 21, 2016 — Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) announced that it has acquired That’s How We Roll, LLC (“THWR”or the “Company”), a leading provider of high quality, branded, better-for-you snacks in North America, including flagship brands Mrs. Thinsters and Dippin’ Chips. The acquisition was completed as part […]

Clearlake Capital Group Leads Recapitalization Of Globe Energy Services

Snyder, TX and Santa Monica, CA – March 17, 2016 — Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Globe Energy Services, LLC (“Globe”or the “Company”) today announced that Clearlake has led the successful recapitalization of Globe in partnership with the Company’s management team and other existing stakeholders. Terms of the transaction were […]

Vista Equity Partners Completes Acquisition Of Solera Holdings, Inc.

WESTLAKE, Texas, March 3, 2016 /PRNewswire/ — Solera Holdings, Inc. (“Solera”, the “Company”, “we”, or “our”) today announced that it has been acquired by an affiliate of Vista Equity Partners (“Vista”). Other key investors include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., and an affiliate of […]

ICV Partners Announces Sale Of Consolidated Aviation Services

NEW YORK, March 2, 2016 /PRNewswire/ — ICV Partners, LLC (ICV), a leading investment firm focused on investing in lower middle market companies, announced today the sale of its portfolio company Consolidated Aviation Services (CAS) to Worldwide Flight Services (WFS), one of the world’s largest cargo and ground handlers. WFS is a portfolio company of […]

GenNx360 Capital Partners Appoints Matthew Guenther Managing Director

GenNx360 Capital Partners (GenNx360), a New York-based private equity firm announced today the promotion of Matthew Guenther, a partner on the firm’s investment team, to the position of Managing Partner effective February 1, 2016, further strengthening the firm’s senior team. “Matt’s promotion reflects our commitment to excellence and rewarding superior performance coupled with our desire […]

2016 Capital Allocators Roadshow Kicks Off In Chicago

The NAIC Capital Allocators Roadshows have kicked off for 2016, beginning February 4th and 5th in the Chicago area. Over the two days, NAIC members met with Chicago Teachers Pension Fund (CTPF), Exelon, Illinois Municipal Retirement Fund (IMRF), Illinois State Board of Investment (ISBI), Illinois State Universities Retirement System (SURS), and Muller & Monroe. The […]

HarbourVest Partners Acquires Baml Capital Access Funds Group

BAML Capital Access Funds Team Will Continue to Focus on Emerging and Diverse Managers as HarbourVest Horizon HarbourVest Partners (“HarbourVest”), an independent, global private markets specialist, today announced that it has acquired the BAML Capital Access Funds group (“BAML CAF”), an experienced private equity fund-of-funds manager and adviser, from Bank of America. BAML CAF has […]

Findings From Limited Partner Perspective: The Opportunity In Diverse Emerging Managers

WASHINGTON, DC – JANUARY 21, 2016 The National Association of Investment Companies (NAIC), the industry association for diverse-owned and emerging investment managers, today released findings from Limited Partner Perspective: The Opportunity in Diverse Emerging Managers. This study analyzes the experiences of limited partners (LPs) who invest in private equity funds managed by diverse general partners […]

RLJ Equity Partners, LLC Acquires Phase One Consulting Group, LLC

BETHESDA, MD// JANUARY 12, 2015// RLJ Equity Partners, LLC, an affiliate of The RLJ Companies, today announced its acquisition of Phase One Consulting Group, LLC, a premier provider of information technology-based consulting services and solutions to various U.S. federal civilian agencies. Founded in 1997 and headquartered in Alexandria, Virginia, Phase One provides a range of […]

GenNx360 Capital Partners Announces Salford Group’s Third Add-On Acquisition

December 21, 2015 New York, NY GenNx360 Capital Partners II, L.P. is pleased to announce that Salford Group (“Salford”) has acquired the AerWay advanced aeration products line (“AerWay”) from SAF-Holland Canada Limited. The transaction closed on December 11, 2015 and represents Salford’s third acquisition in the past 14 months. The AerWay acquisition expands Salford’s niche […]

Clearlake Capital Backed Inventus Solutions To Be Acquired By RPX Corporation

Chicago & Santa Monica – December 15, 2015 Clearlake Capital Group, L.P. (“Clearlake”), in partnership with management, announced that Inventus Solutions, Inc. (“Inventus”or the “Company”), a top-tier international eDiscovery services provider to Fortune 1000 corporations, global law firms and government agencies, has entered into a definitive agreement to be acquired by RPX Corporation (NASDAQ: RPXC; […]

Palladium Equity Partners Acquires Transforce, Inc.

New York, NY, and Alexandria, VA, July 6, 2015 — Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.0 billion in assets under management, today announced that an affiliated fund has acquired TransForce, Inc. (“TransForce”or the “Company”), a specialized staffing and recruiting company that provides qualified commercial truck […]

Vista Equity Partners To Acquire A Majority Stake In Mediaocean

Acquisition signifies new phase of growth and innovation New York, NY, June 29, 2015 — Mediaocean, a leading software company for the advertising world, today announced that a majority stake of the company will be acquired by Vista Equity Partners, a leading private equity firm focused on software, data, and technology-enabled businesses. Vista’s involvement will […]