Great Hill Partners
has sold London and Copenhagen-based Momondo Group
, an operator of flight and hotel comparison platforms, for about $550 million in cash. The buyer was The Priceline Group Inc.
BOSTON, July 24, 2017 /PRNewswire/ — Great Hill Partners has finalized the previously disclosed sale of Momondo Group Ltd to The Priceline Group Inc. (NASDAQ: PCLN) for approximately $550 million in cash. Headquartered in London and Copenhagen, Momondo Group operates leading global flight and hotel comparison platforms under its two brands, Momondo and Cheapflights.
Michael Kumin, Managing Partner at Great Hill Partners, commented: “We are proud to have partnered with Momondo Group to help build one of the most dynamic companies in the global online travel market, serving a loyal base of consumers across the globe. We would like to thank Hugo Burge and the entire management team for their outstanding execution in rapidly growing the
Continue reading "Great Hill sells Momondo for about $550 mln"
RoadSafe Traffic Systems
, which is backed by ORIX Capital Partners
and Aperion Management
, has acquired Pittsburgh-based Beth’s Barricades
, a provider of traffic control services and products. No financial terms were disclosed.
CHICAGO (July 24, 2017) RoadSafe Traffic Systems, the nation’s largest provider of traffic control and pavement marking services, announced today its acquisition of Beth’s Barricades. Based in Pittsburgh, Beth’s Barricades provides contractors, municipalities and developers throughout Pennsylvania and Maryland with traffic control services and products. ORIX Capital Partners partnered with Aperion Management in 2016 to acquire RoadSafe.
The acquisition will enable RoadSafe to expand its footprint of more than 50 branches and increase its presence in Pennsylvania as a leading provider of traffic control services and products. Beth’s Barricades’ highly experienced management team and workforce are expected to join the RoadSafe family, which will now number nearly 1,900 in total employment.
Founded in 2005,
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Ferrara Candy Co
, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA
‘s (NESN.S) U.S. candy business, people familiar with the matter said on Friday.
A potential deal would add chocolate brands such as Butterfinger and Baby Ruth to Ferrara’s array of gum and soft-candy offerings.
Nestle said in June it would explore strategic options, including a possible sale, for its U.S. candy business, whose brands also include Nips, SweeTarts and Raisinets. Analysts at Jefferies peg its value at between $1.5 billion and $2 billion.
Nestle, the world’s largest packaged foods maker, has been acting to shed underperforming businesses. U.S. activist shareholder Third Point LLC, which has a $3.5 billion stake in the company, is pressuring Nestle to boost returns as demand for its products weakens.
Continue reading "Lemonheads owner Ferrara eyes Nestle’s candy business, say sources: Reuters"
, which is backed by Apax Partners
, has agreed to acquire Milan, Italy-based TXT Retail
, a provider of merchandise life cycle management solutions for the apparel, luxury, specialty and general retail sectors. No financial terms were disclosed.
ATLANTA and MILAN, July 24, 2017 /PRNewswire/ — Aptos, Inc., a recognized market leader in retail technology solutions, today announced that it has entered into a definitive agreement to acquire TXT Retail, the leading global provider of end-to-end merchandise lifecycle management solutions for the apparel, luxury, specialty and general retail sectors.
The acquisition is expected to close September 2017 subject to customary closing conditions and will combine Aptos’ best in class customer engagement and inventory management solutions with TXT Retail’s best of breed merchandise lifecycle management suite. The extended solution footprint will address retailers’ most critical business objectives: accelerating omni-channel transformations while cultivating customer loyalty in
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said July 24 that it closed the sale of portfolio company Dexter & Chaney LLC
to Viewpoint Construction Software
. Financial terms weren’t announced. Dexter & Chaney, of Seattle, provides financial and operational management software for construction contractors. Aeris Partners
provided financial advice while Troutman Sanders LLP
acted as the attorney.
Charlotte, NC, July 24, 2017 – Pamlico Capital (“Pamlico”), a leading middle market private equity firm focused on growth oriented businesses, has closed the previously announced sale of its portfolio company Dexter & Chaney, LLC (“Dexter + Chaney”) to Viewpoint Construction Software (“Viewpoint”). Terms of the transaction were not disclosed.
Headquartered in Seattle, Washington and founded in 1981, Dexter + Chaney is a leading provider of financial and operational management software for construction contractors. The Company’s product, Spectrum® Construction Software, is an integral component of daily operations for more than 1,100 contractors. Pamlico acquired Dexter +
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Microsoft shares traded down on worries of higher spending rates, but Bernstein's Mark Moerdler argues spending growth areas of cloud computing and LinkedIn will pay off big-time down the road.
, a portfolio company of AGI Partners LLC
, has acquired Dayton, New Jersey-based Atlantic Exhibits
, which specializes in trade show exhibits. No financial terms were disclosed.
AGI Partners LLC (“AGI”) is pleased to announce that its portfolio company Impact XM has acquired Atlantic Exhibits.
“AGI is very excited to continue to invest in the building of a global experiential market leader that offers a compelling value proposition to it clients. This acquisition continues to strengthen the global capabilities of the company. We look forward to further supporting Jared and his management team by focusing on organic initiatives and complementary acquisitions,” said AGI Partner David Acharya who led the investment.
Impact XM, a global experiential marketing agency with a forty-year heritage of crafting strategic audience engagements that power brand experiences, today announced the acquisition of Atlantic. The move bolsters Impact XM’s capabilities, footprint, and further
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