Salesforce in talks to buy ClickSoftware for $1.5 billion: report


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TEL AVIV (Reuters) – Salesforce.com (CRM.N) is in talks to acquire U.S.-Israeli software developer ClickSoftware Technologies for around $1.5 billion, the Calcalist financial news website reported on Wednesday.

U.S. private equity firm Francisco Partners bought ClickSoftware in 2015 for $438 million and delisted the provider of cloud-based field service management software from Nasdaq.

If a deal goes ahead, it would be the second significant acquisition by Salesforce in Israel in less than a year after it paid $850 million for Datorama, an Israeli cloud-based artificial intelligence marketing platform.

Officials at Salesforce in Israel declined to comment on the report. ClickSoftware officials were not immediately available for comment.

NMS-backed Cordental buys Boain Dental Care


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Cordental, a portfolio company of NMS Capital, has acquired Florissant, Missouri-based Boain Dental Care, a dental practice. No financial terms were disclosed.

PRESS RELEASE

Cincinnati, OH and Florissant, MO, January 4, 2019 – CORDENTAL Group® (“CORDENTAL”), a portfolio company of NMS Capital (“NMS”), announced today that it has entered into an affiliation with John C. Boain, DDS of Boain Dental Care in Florissant (St. Louis), MO. Dr. John Boain received his DDS degree from Creighton University, where he graduated with honors. He is a Fellow with the American Academy of General Dentistry and an Associate Fellow with the American Academy of Implant Dentistry. He is also a member of the Advanced Dental Implant Studies in Atlanta, where he travels to four times per year to learn advanced surgical techniques and attend focused conferences. Other memberships include the International Congress of Oral Implantologists, American Dental Association, Missouri Dental

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Zix to buy AppRiver for $275 mln


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Zix Corp said Jan. 15 that it agreed to buy AppRiver for $275 million. Marlin Equity Partners is the seller. AppRiver provides cloud-based cybersecurity solutions. True Wind Capital has agreed to invest $100 million in convertible preferred equity. SunTrust Bank and KeyBanc Capital Markets are providing debt.

PRESS RELEASE

Zix to Acquire AppRiver, Leading Cloud-Based Cybersecurity Solutions Provider
• Combination Creates Leading Cloud-based Email Security Provider to Small and Midsize Business (SMB) Market with over $180 Million of Annual Recurring Revenue (ARR)
• Company Also Secures $100 Million Convertible Preferred Equity Commitment from True Wind Capital and $200 Million Debt Commitment from SunTrust Bank and KeyBanc Capital Markets
• Conference Call Scheduled for Today, January 15, at 8:30 AM ET
January 15, 2019 06:31 AM Eastern Standard Time
DALLAS–(BUSINESS WIRE)–Zix Corporation (Zix) (NASDAQ:ZIXI), a leader in email security, has entered into a definitive agreement to acquire AppRiver, a leading provider

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HomeToGo buys Tripping.com


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


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HomeToGo has acquired Tripping.com, a U.S.-based vacation rental meta-search site. No financial terms were disclosed. In conjunction with the transaction, Princeville Global, which led the Series C funding round for Tripping.com, made an undisclosed investment into HomeToGo.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–Tripping.com, the US-based vacation rental meta-search site, has been acquired by Berlin-based HomeToGo GmbH, the world’s largest vacation rental search engine. In conjunction with the acquisition, Princeville Global, who led Tripping’s Series C investment round, made a new investment into HomeToGo.

Jen O’Neal, co-founder and former CEO of Tripping.com said in a statement, “I’m extremely happy with the acquisition of Tripping by HomeToGo, and bringing together these two strong brands. The combination of the two companies validates the market opportunity that my co-founder Jeff Manheimer and I set out to prove when we launched Tripping.com in 2011. I applaud the

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ProSieben e-commerce arm buys control of Aroundhome: Reuters


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German media group ProSiebenSat.1 Media’s (PSMGn.DE) e-commerce arm NuCom is buying control of Aroundhome, an online broker for home services and products, in a deal valued at 140 million euros ($161 million).

The investment represents a bet on taking the lead in the German-speaking region to help people searching for a company to put a solar panel on their roof, install a new kitchen or fix their central heating.

“We see a huge market potential in Europe,” Aroundhome founder and CEO Robin Behlau said in an interview, adding home spending in Germany, Austria and Switzerland was worth more than 65 billion euros a year.

Aroundhome, previously called Kaeuferportal, says it has achieved average revenue growth of 35 percent a year since 2014. It has just rebranded and launched a promotional campaign that includes advertising on ProSieben’s stable of TV channels.

The deal will ensure NuCom, an

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PE-backed XLerate Group buys Morton Auto Auction


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


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XLerate Group, which is backed by Huron Capital, has acquired Illinois-based Morton Auto Auction. No financial terms were disclosed.

PRESS RELEASE

DETROIT – January 14, 2019 – Leading lower-middle-market private equity firm Huron Capital announced today that its nationwide auction and remarketing facilitation platform, XLerate Group (“XLerate”), has acquired Morton Auto Auction (“MAA”). MAA has been owned and operated by the Krupa family since 2006 and is highly regarded by both dealers and fleet/lease consignors.

“Adding MAA to the XLerate family helps solidify our Midwest footprint and adds another highly respected independent operator to our management team,” XLerate CEO Cam Hitchcock said. “We have stayed the course with XLerate’s long-term strategy to grow our business, footprint and service offerings by acquiring companies with high-quality independent sales and strong operating management.”

Steve and Ted Krupa have owned and grown Morton Auto Auction since purchasing it in 2006 from

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OpenGate sells NAKAN to Westlake


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


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OpenGate Capital has sold NAKAN, a French PVC compounding solutions business to Westlake Chemical Corporation. No financial terms were disclosed.

PRESS RELEASE

LOS ANGELES & PARIS–(BUSINESS WIRE)–OpenGate Capital, a global private equity firm, announced today that it completed the sale of NAKAN, a global PVC compounding solutions business headquartered in Reims, France, to Westlake Chemical Corporation (NYSE: WLK) on January 2nd, 2019.

Andrew Nikou, OpenGate Capital’s founder and CEO, stated, “The sale of NAKAN marks an important turning point for the NAKAN business as it joins the Westlake global platform and embarks on a new phase of growth. This exit is also an important evolution for OpenGate as we continue to prove out our lower middle market investment strategy across North America and Europe. I want to thank the entire team at NAKAN for their efforts during the past four years and wish them much success under Westlake’s stewardship.”

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Carlyle to invest in Crimson Midstream


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Carlyle Group said Jan. 14 that it invested in Crimson Midstream Holdings LLC. Financial terms weren’t announced. Crimson Midstream Holdings is a provider of crude oil transportation and storage services in California, Louisiana and offshore Gulf of Mexico.

PRESS RELEASE

WASHINGTON, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces it has made a strategic equity investment in Crimson Midstream Holdings, LLC (Crimson), a provider of crude oil transportation and storage services that operates more than 2,000 miles of pipeline in the U.S. transporting approximately 400,000 barrels of crude oil per day. This strategic partnership will help enhance Crimson’s support of shippers on its Gulf of Mexico, Louisiana and California pipeline systems and grow its presence in these regions and beyond as demand for U.S. crude export infrastructure increases. Carlyle’s Global Infrastructure Opportunity Fund provided the equity for this investment.

John Grier, Founder and

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Union Capital to sell KEYper Systems to ASSA ABLOY


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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ASSA ABLOY said Jan. 14 that it agreed to buy KEYper Systems. Financial terms weren’t announced. KEYper Systems, which supplies electronic and mechanical key management systems in the U.S. with a presence in the auto segment, is backed by Union Capital, PitchBook said.

PRESS RELEASE

STOCKHOLM, Jan. 14, 2019 /PRNewswire/ —
ASSA ABLOY has signed an agreement to acquire KEYper Systems, a leading supplier of electronic and mechanical key management systems in the US with a strong presence in the automotive segment.
“I am very pleased to welcome KEYper Systems into the ASSA ABLOY Group. The acquisition of KEYper Systems enhances our global product offering in this area and will provide synergy opportunities in North America and other markets,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“KEYper Systems will complement our products within intelligent key and asset management solutions offered by Traka, which is part of

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L’Occitane to buy ELEMIS for $900 mln


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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L’Occitane International SA said Jan. 13 that it agreed to buy ELEMIS for $900 million. ELEMIS is owned by Steiner Leisure Ltd, a portfolio company of L Catterton. ELEMIS is a British skincare brand. Jefferies and Nomura provided financial advice to ELEMIS, and Kirkland & Ellis served as legal adviser.

PRESS RELEASE

Geneva and Paris and London and New York – January 13, 2019 – L’Occitane International S.A. (“L’OCCITANE” or the “Group”; SEHK stock code: 973), the leading manufacturer and retailer of natural cosmetics with a portfolio of premium beauty brands, today announced that it has entered into a definitive agreement to acquire ELEMIS, the number one luxury British skincare brand, for $900 million in cash. ELEMIS is being sold by Steiner Leisure Limited (“Steiner”), a portfolio company of L Catterton, the largest and most global consumer-focused private equity firm.

Founder-led since 1990, ELEMIS is a world leader

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PE-backed Craftmaster Resource buys Taylor Security and Lock


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


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Craftmaster Resource LLC, which is backed by Capital Resource Partners and Northcreek Mezzanine, has acquired Gaithersburg, Maryland-based Taylor Security and Lock, a provider of commercial and residential door hardware. No financial terms were disclosed.

PRESS RELEASE

NORTHVALE, N.J. (PRWEB) JANUARY 08, 2019

Craftmaster Hardware LLC, a security hardware distributor, has acquired Taylor Security and Lock of Gaithersburg, Maryland. Taylor is a distributor of commercial and residential door hardware offering traditional mechanical door hardware as well as electronic access and high security locking products.

“I am excited about the opportunity that combining Craftmaster and Taylor brings to our associates and our customers” said Joel Taylor, founder and President of Taylor Security & Lock. “Two great organizations with deep product knowledge and similar reputations for customer care will create a powerful presence in hardware distribution.”, Taylor added.

Tim Grogan, Craftmaster CEO echoed Mr. Taylor’s comments. “Craftmaster Hardware

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PE-backed Lombart merges with Marco Ophthalmic to form Advancing Eyecare Holdings


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


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Lombart Instrument, a portfolio company of Atlantic Street Capital, has partnered up with Marco Ophthalmic to form Advancing Eyecare Holdings. No financial terms were disclosed. The deal is expected to close in the first quarter of this year. Lombart is a distributor of ophthalmic instruments to ophthalmologists and optometrists while Marco Ophthalmic Inc is a high-tech instrumentation supplier.

PRESS RELEASE

STAMFORD, Conn., Jan. 11, 2019 /PRNewswire/ — Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today that it will form Advancing Eyecare Holdings with the partnership of its portfolio company Lombart Instrument (Lombart), the leading U.S. distributor of ophthalmic instruments to ophthalmologists and optometrists, and Marco Ophthalmic Inc (Marco), a market leading, high-tech instrumentation supplier.

The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2019.

Founded in

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PE-backed SourceLink buys Path Interactive


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


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SourceLink LLC, a portfolio company of Aterian Investment Partners, has acquired New York City-based Path Interactive Inc, a direct marketing agency. No financial terms were disclosed.

PRESS RELEASE

CHICAGO, Jan. 11, 2019 /PRNewswire/ — SourceLink, LLC (“SourceLink”), a portfolio company of Aterian Investment Partners (“Aterian”), is pleased to announce the acquisition of Path Interactive, Inc. (“Path”).
Headquartered in New York, NY and with over a decade of digital marketing experience, Path is an industry leading full service, ROI-driven digital direct marketing agency providing paid search, search engine optimization (“SEO”), digital media and creative strategy services. Together with SourceLink, the combined entity creates a unique middle market omni-channel marketing solutions provider with industry leading capabilities in online and offline direct marketing solutions.

The acquisition of Path by SourceLink also represents a continuation of Aterian’s efforts during its ownership period to support SourceLink’s growth initiatives and strategic transformation. During

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Aterian-backed SourceLink adds on Path Interactive


This post is by Chris Witkowsky from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Aterian Investment Partners-backed SourceLink acquired Path Interactive, a digital direct marketing agency that provides paid search, SEO, digital media and creative strategy services. The acquisition creates a middle market, marketing services provider in online and offline direct marketing capabilities.

Press Release

SourceLink, LLC (“SourceLink”), a portfolio company of Aterian Investment Partners (“Aterian”), is pleased to announce the acquisition of Path Interactive, Inc. (“Path”).

Headquartered in New York, NY and with over a decade of digital marketing experience, Path is an industry leading full service, ROI-driven digital direct marketing agency providing paid search, search engine optimization (“SEO”), digital media and creative strategy services. Together with SourceLink, the combined entity creates a unique middle market omni-channel marketing solutions provider with industry leading capabilities in online and offline direct marketing solutions.

The acquisition of Path by SourceLink also represents a continuation of Aterian’s efforts during its ownership period to support SourceLink’s

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Battery-backed PST acquires NTRON


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


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Process Sensing Technologies, which is backed by Battery Ventures, has acquired Navan, Ireland-based NTRON Limited, a provider of gas-measurement sensors and process-oxygen analyzers. No financial terms were disclosed.

PRESS RELEASE

BOSTON–(January 10, 2019)–Battery Ventures, a global technology investment firm, announced its platform in the process-measurement market, Process Sensing Technologies (PST), has acquired NTRON Limited, a global provider of gas-measurement sensors and process-oxygen analyzers. The transaction closed in December.

NTRON, which is based in Navan, Ireland, will join Battery’s existing portfolio of process-measurement and instrumentation companies. These include Analytical Industries and Michell Instruments, both acquired in 2016; Rotronic, acquired in 2017; and LDetek and Dynament, both acquired in 2018. Terms of the NTRON transaction were not disclosed.

Founded in 1987, NTRON has a significant global customer base and is a high-profile provider of sensors and analyzers for oxygen measurement and gas analysis. Customers include large original-equipment manufacturers (OEMs) as

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Roland Foods buys Albert Uster Imports


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Roland Foods LLC, a portfolio company of Vestar Capital Partners, has acquired Albert Uster Imports Inc. Financial terms weren’t announced. Albert Uster, of Gaithersburg, Maryland, imports of specialty pastry, bakery, and confectionary products for professional chefs and bakers. Kirkland & Ellis served as legal counsel and SunTrust Robinson Humphrey as financial adviser to Roland Foods and Vestar. Legal counsel for AUI was provided by Arnold & Porter.

PRESS RELEASE

New York, NY – January 10, 2019 – Roland Foods, LLC (“Roland Foods”), a portfolio company of Vestar Capital Partners, has closed the acquisition of Albert Uster Imports, Inc. (“AUI”). Terms of the transaction were not disclosed.

 

Based in Gaithersburg, Maryland, AUI has been a leading importer of specialty pastry, bakery, and confectionary products to professional chefs and bakers for 50 years. AUI sources products from more than 150 global suppliers, including exclusive distribution arrangements with best-in-class brands

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Clariant begins 2020 sale plan with search for pigments buyer: Reuters


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FRANKFURT/ZURICH (Reuters) – Switzerland’s Clariant (CLN.S) has begun the sale of its pigments business as part of wider a streamlining which it has said it will complete by the end of 2020, sources said.

Saudi Arabia’s Saudi Basic Industries (SABIC) bought a 25 percent stake in Clariant last year, ending a dispute between the Swiss company and U.S.-based activist investor White Tale which scuttled a planned merger with U.S.-based Huntsman Corp.

Clariant has mandated Deutsche Bank (DBKGn.DE) to find a buyer for the pigments business, which could be valued at around 800 million Swiss Francs ($820 million), the sources told Reuters, adding that private equity firms were likely buyers.

Another source said the pigments business’s enterprise value could top 1.3 billion francs, with additional parts of the plastics and coatings unit that are up for disposal bringing total

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Revelstoke-backed CEI Vision buys Retina Vitreous Associates


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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CEI Vision Partners, a portfolio company of Revelstoke Capital Partners, has acquired Retina Vitreous Associates. Financial terms weren’t announced. Retina Vitreous Associates, of Toledo, Ohio, is a vitreoretinal surgical practice with nine ophthalmologists who specialize in medical and surgical retinal disorders, including diabetic retinopathy, age-related macular degeneration, retinal vascular disease, diabetic macular edema, and other retinal conditions.

PRESS RELEASE

CINCINNATI, Jan. 9, 2019 /PRNewswire/ — CEI Vision Partners (CVP), a premier ophthalmology services organization, announces Retina Vitreous Associates (RVA) of Toledo, Ohio is now the newest partner practice to join the CVP platform.
RVA is a leading vitreoretinal surgical practice with nine ophthalmologists who specialize in medical and surgical retinal disorders, including diabetic retinopathy, age-related macular degeneration, retinal vascular disease, diabetic macular edema, and other retinal conditions. They serve patients from 10 locations throughout Northwest and Central Ohio.
“Retina Vitreous Associates is thrilled to join with other top-notch

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PE-backed Gladson buys ItemMaster


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Gladson, a portfolio company of The Jordan Co and Wicks Capital Partners, has acquired ItemMaster. Financial terms weren’t announced. ItemMaster, of Chicago, is a product content management company. Winston & Strawn LLP served as legal adviser to Gladson. Drake Star Partners provided financial advice while Cooley LLP was the attorney for ItemMaster.

PRESS RELEASE

CHICAGO, Jan. 9, 2019 /PRNewswire/ — Gladson, a Chicago-based portfolio company of The Jordan Company (“TJC”) and Wicks Capital Partners (“Wicks”), announced today that it has acquired ItemMaster, a product content management company, also based in Chicago. The addition of ItemMaster’s product content database, consumer-centric attributes, and retailer network further expands Gladson’s ability to provide accurate product data to an expanded network of market participants through its high-quality audit capabilities. The terms of the transaction were not disclosed.

“Our clients have consistently demanded a single source of reliable and robust product information across a wide variety of categories,” said

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