CD&R taps Peterson as operating partner


This post is by Iris Dorbian from PE Hub Blog: Human Resources


Click here to view on the original site: Original Post




Clayton, Dubilier & Rice has appointed Sandra E. Peterson as an operating partner. Her new role begins April 29, 2019. Peterson is the former group worldwide chairman of Johnson & Johnson.

PRESS RELEASE

NEW YORK – April 25, 2019 – Clayton, Dubilier & Rice today announced the appointment of Sandra E. Peterson, former Group Worldwide Chairman of Johnson & Johnson, as an Operating Partner, effective April 29, 2019.

Ms. Peterson joins CD&R after a long, successful career driving innovation and improved operational performance across large, global businesses. At Johnson & Johnson, Ms. Peterson led the Consumer and Medical Devices businesses and was responsible for the corporation’s global supply chain, as well as its technology strategy and infrastructure. While at J&J, she clarified priority markets and segments and exercised strong portfolio discipline across the businesses she led and oversaw more than two dozen acquisitions and divestitures. Previously, she served as CEO

Continue reading “CD&R taps Peterson as operating partner”

Hambro Perks leads seed round for BestBid


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


Click here to view on the original site: Original Post




UK-based BestBid, a multi-agent home vendor, has secured 500,000 pounds in seed funding. Hambro Perks led the round.

PRESS RELEASE

London, April 2019:
BestBid, the UK’s first multi-agent home vendor, has raised a £500k seed investment round led by venture firm Hambro Perks, as well as notable angel investors Paul Forster (co-founder of Indeed.com), Simon Murdoch (founder of Episode 1 Ventures), Doug Monro (co-founder and CEO of Adzuna) and William Reeve (serial entrepreneur and co-founder of LoveFilm).

Launched in 2018, BestBid seeks to be the most trusted name home sellers use to sell their home, wherever they are in the UK. They aim to deliver the fastest transaction with the lowest risk and highest achieved price. By identifying the local agents with the most buyers and working with more than one of them, BestBid is able to generate more viewings, more tension and a higher closing rate.

Sellers

Continue reading “Hambro Perks leads seed round for BestBid”

PE-backed ClearCourse buys NetXtra


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




ClearCourse, which is backed by Aquiline Capital Partners, has acquired UK-based NetXtra, a provider of intuitive integrated digital services to the membership, charity, not-for-profit and ecommerce sectors. No financial terms were disclosed.

PRESS RELEASE

London | 25 April 2019 – ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing membership software/services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of NetXtra (“the company”), a leading provider of intuitive integrated digital services to the membership, charity, not-for-profit and e-commerce sectors. The deal represents ClearCourse’s sixth acquisition and expands the range of digital services that it can provide to membership organisations.

Headquartered in Bury St Edmunds, NetXtra was Co-Founded in 1995 by Simon Hardingham. The Bury St Edmunds based, 25 strong NetXtra team develop and support digital infrastructure services that connect Customer Relationship Management (CRM) systems

Continue reading “PE-backed ClearCourse buys NetXtra”

PE-backed TTG names Childers as CEO


This post is by Iris Dorbian from PE Hub Blog: Human Resources


Click here to view on the original site: Original Post




Tooling Tech Group, a provider of highly engineered tools and assembly equipment, has appointed Lee Childers as CEO. Childers joined TTG as chief operating officer in early 2018. TTG is backed by GenNx 360.

PRESS RELEASE

MACOMB, MICH. (PRWEB) APRIL 25, 2019

Tooling Tech Group (TTG), a leading provider of highly engineered tools and assembly equipment to a wide range of industries, has announced that Lee Childers, former TTG COO, has been named company CEO. Childers will lead the Tooling Tech Group’s operations that provide a vast array of highly engineered design, tooling solutions and automation equipment to the company’s Tier 1 and OEM customers and will report directly to the board of directors.

Childers joined TTG as COO in early 2018, bringing 33 years’ experience in developing business plans, growth strategies and leading operations for Tier-1 suppliers including United Technologies, Lear Corporation, IAC Group and, most recently, as

Continue reading “PE-backed TTG names Childers as CEO”

TCV backs Rave Mobile Safety


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




TCV has made an investment in Framingham, Massachusetts-based Rave Mobile Safety, a provider of critical communication and data platform solutions. No financial terms were disclosed. Shea & Company served as financial adviser to TCV on the transaction while Raymond James & Associates did likewise for Rave.

PRESS RELEASE

FRAMINGHAM, Mass., April 25, 2019 /PRNewswire/ — Rave Mobile Safety (Rave), the leading provider of critical communication and data platform solutions trusted to save lives, today announced it has received a significant investment from TCV, one of the largest growth equity firms backing private and public technology companies. The investment and expertise from TCV will help Rave fuel its product innovation and growth plans and position the company to continue to build on its market-leading portfolio of communication solutions deployed by top education and healthcare institutions, enterprises, and state and local public safety agencies.

“Today is a wonderful milestone for

™
™
™
™
™
™
™
™

Continue reading “TCV backs Rave Mobile Safety”

BV invests in Franco Signor


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




BV Investment Partners has made an investment in Brandenton, Florida-based Franco Signor, a provider of medicare secondary payer compliance solutions. No financial terms were disclosed. JMP Securities LLC was financial adviser to Franco Signor on the deal.

PRESS RELEASE

BOSTON, April 25, 2019 /PRNewswire/ — BV Investment Partners (“BV”), a middle-market private equity firm focused on the business services, software and IT services sectors, today announced that it has made an investment in Franco Signor, a provider of Medicare Secondary Payer (MSP) compliance solutions to the country’s largest self-insured companies, insurers, and third party administrators.

Franco Signor, headquartered in Bradenton, FL, is a full-service outsourced provider of MSP compliance software and services. The Company’s customers rely on Franco’s deep domain expertise, robust integrated technology platform and flexible reporting capabilities to manage MSP matters on workers’ compensation, no-fault, and liability claims in compliance with long-established, complex and evolving MSP regulatory

Continue reading “BV invests in Franco Signor”

PE-backed Ansira appoints MacLaren as CEO


This post is by Iris Dorbian from PE Hub Blog: Human Resources


Click here to view on the original site: Original Post




Ansira Partners, which is backed by Advent International, has named Laurie MacLaren as CEO. MacLaren is succeeding Daina Middleton, who will become Ansira’s vice chair and serve as adviser to its board of directors. Headquartered in St. Louis, Ansira is a marketing technology and services firm.

PRESS RELEASE

ST. LOUIS, April 24, 2019 /PRNewswire/ — Ansira Partners, Inc. (“Ansira”), today announced that current Chief Financial and Operating Officer Laurie MacLaren has been named Chief Executive Officer of Ansira. In her role as Chief Financial and Operating Officer, MacLaren has been instrumental in growing and scaling Ansira’s business.

“Ansira is poised for tremendous growth and Laurie will be responsible for leading the company into its next phase,” said Chris Egan, Managing Partner of Advent International. Ansira is backed by Advent International, one of the largest and most experienced global private equity investors.
“Laurie has a strong understanding of

Continue reading “PE-backed Ansira appoints MacLaren as CEO”

Blueshift rallies $15 mln Series B


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


Click here to view on the original site: Original Post




San Francisco-based Blueshift, a customer data activation platform, has secured $15 million in Series B funding. SoftBank Ventures Asia led the round with participation from other investors that included Storm Ventures and Nexus Venture Partners. Also, Blueshift has named Josh Francia, the former vice president of marketing at LendingTree, as chief growth officer.

Source: Press Release

CortiCare acquires Physicians Ancillary Services


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




Carlsbad, California-based CortiCare, a telehealth services and EEG brain monitoring solutions,  has acquired Rocky Hill, Connecticut-based Physicians Ancillary Services, a provider of ambulatory EEG services. Also, HCAP Partners has made an investment in CortiCare. No financial terms were disclosed.

PRESS RELEASE

CARLSBAD, CALIF. (PRWEB) APRIL 24, 2019

CortiCare, Inc., a leading provider of Tele-EEG Brain Monitoring services, today announced it had acquired Physicians Ancillary Services (PAS) in Rocky Hill, CT. PAS is a market leader in ambulatory EEG services, offering at-home EEG brain monitoring. This acquisition comes just nine months after CortiCare acquired the EEG assets of New York-based Safe Passage Inc., a company also providing ambulatory EEG monitoring services.

“We were looking for a partner that could help take us to grow by taking advantage of our ambulatory technology. Simply stated, we needed a partner with the resources and reach in the neuromonitoring arena. The

Continue reading “CortiCare acquires Physicians Ancillary Services”

PE-backed Ntiva acquires Diverse Technology Solutions


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




Ntiva, which is backed by Southfield Capital, has acquired Diverse Technology Solutions Inc, a cloud service provider for hosted data, voice and business IT solutions. No financial terms were disclosed. Crestline Investors provided debt financing for the deal while Finn, Dixon & Herling provided legal counsel to Ntiva and Southfield Capital.

PRESS RELEASE

GREENWICH, Conn., April 24, 2019 /PRNewswire/ — Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva (the “Company”), a growing IT services company offering managed IT, cloud and cyber-security solutions, completed the acquisition of Diverse Technology Solutions, Inc. (“DTS”), a cloud service provider for hosted data, voice, and business IT solutions.

With this acquisition, Ntiva will expand its geographical coverage to include New York City, Long Island, and Southern Florida, combining the technical strengths of both teams to offer managed and cloud services to businesses looking to successfully compete

Continue reading “PE-backed Ntiva acquires Diverse Technology Solutions”

PE-backed XRI buys Fountain Quail Water Treatment


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




XRI, a portfolio company of Morgan Stanley Energy Partners, has acquired Fountain Quail Water Treatment, a produced water treatment, recycle and reuse business. The seller was Fountain Quail Energy Services LLC, which is backed by CSL Capital Management. No financial terms were disclosed.

PRESS RELEASE

MIDLAND, Texas–(BUSINESS WIRE)–XRI Holdings, LLC (“XRI” or the “Company”), a leading water midstream company with owned infrastructure throughout the Permian Basin, announced today that it has acquired the water treatment and recycling division of Fountain Quail Energy Services, LLC (“Fountain Quail Water Treatment”). The consideration for the transaction consisted of cash and equity, but specific terms of the deal were not disclosed. Fountain Quail Water Treatment is a leading produced water treatment, recycle, and reuse business with operations throughout the Permian Basin and other key producing basins across the United States. Members of the Fountain Quail Water Treatment senior leadership team

Continue reading “PE-backed XRI buys Fountain Quail Water Treatment”

Construction services firms RME and PE-backed PLM merge


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




Rocky Mountain Excavating Inc has merged with PLM Asphalt & Concrete LLC, a portfolio company of Peninsula Capital Partners LLC and Silver Peak Partners LLC. No financial terms were disclosed. SLATE Partners advised RME on the merger while Sherman & Howard LLC provided legal representation. Headquartered in Castle Rock, Colorado, RME is a provider of civil design and specialty construction services while Aurora, Colorado-based PLM provides commercial asphalt paving and concrete construction services.

PRESS RELEASE

DENVER – SLATE Partners (SLATE) announced that its Principals advised Rocky Mountain Excavating, Inc. (RME) on its merger with PLM Asphalt & Concrete, LLC (PLM), a portfolio company of Peninsula Capital Partners, LLC (Peninsula) and Silver Peak Partners, LLC (Silver Peak).

Founded in 1999 and headquartered in Castle Rock, Colorado, RME is a provider of comprehensive civil design and specialty construction services to a diverse range of government, commercial, and industrial customers throughout the U.

Continue reading “Construction services firms RME and PE-backed PLM merge”

Upland Software acquires PostUp


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


Click here to view on the original site: Original Post




Upland Software Inc has acquired Austin-based PostUp, a provider of email and audience development technology and services to the publishing and media industries. No financial terms were disclosed. The Cosine Group was financial adviser to PostUp on the deal. PostUp was a portfolio company of Transition Capital Partners and Petra Capital Partners.

PRESS RELEASE

AUSTIN, TX – April, 2019 – PostUp, a portfolio company of Transition Capital Partners and Petra Capital Partners, was acquired by Upland Software, Inc. (Nasdaq: UPLD) on April 19th, 2019.

Based in Austin, TX, PostUp is a leading provider of email and audience development technology and services to the publishing and media industries. PostUp’s sophisticated email and audience development solutions help companies in the media and publishing sector to develop and grow their audiences, drive deeper audience engagement, and monetize their communications channels by generating new advertising and subscription revenue streams.

Upland Software (Nasdaq: UPLD)

Continue reading “Upland Software acquires PostUp”