Swanton Care buys Values in Care, GRS Care


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


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Swanton Care & Community, a portfolio company of Apposite Capital, said May 14 that it acquired Values in Care Ltd and GRS Care Ltd. Financial terms weren’t announced. Values in Care, of East Wales, is a specialist residential care provider for adults with complex learning disabilities, complex mental health and challenging needs. GRS Care provides supported living & domiciliary care in South West Wales.

PRESS RELEASE

Apposite Capital-backed Swanton Care Makes Further Bolt-on Acquisitions in Wales

Acquisitions of Values in Care and GRS Care

London, UK – 14th May 2019. Apposite Capital, the healthcare specialist private equity investor, today announced that its residential care and supported living portfolio company Swanton Care & Community (“Swanton”) has acquired specialist adult residential and supported living providers Values in Care Limited and GRS Care Limited, to consolidate Swanton’s presence in Wales and further enhance Swanton’s growth across its service lines. The two

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Pegasystems buys VC-backed In The Chat Communications


This post is by Kirk Falconer from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Pegasystems Inc (Nasdaq: PEGA) has acquired In The Chat Communications (ITC), a Waterloo-based digital messaging platform. Terms weren’t disclosed. Founded in 2010 by President and CEO John Huehn, ITC helps businesses more effectively find and engage with customers through social media. Pegasystems, a Cambridge, Massachusetts-based software company, said ITC’s platform will be integrated with its artificial intelligence-powered customer engagement solutions. ITC was a portfolio company of Canadian seed-stage investor MaRS Investment Accelerator Fund.

PRESS RELEASE

CAMBRIDGE, Mass., May 13, 2019 /CNW/ — Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world’s leading enterprises, today announced its acquisition of In The Chat (ITC), an enterprise-grade digital customer service platform provider that unifies text messaging, social media, live chat, email, messengers, and chatbots into a seamless conversation with customers.

ITC’s platform, which enables communications via virtually any digital channel, will be integrated with Pega’s AI-powered customer

™

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Mill Point-backed Avenue acquires Windward and GRIDS


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


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Avenu Insights & Analytics, which is backed by Mill Point Capital, has acquired the operations and assets of The Windward Group and GRIDS Information Technologies. No financial terms were disclosed. Windward is a provider of  document imaging and enterprise content management solutions while GRIDS is a provider of government record management software. Both companies are based in Louisiana.

PRESS RELEASE

CENTREVILLE, Va.–(BUSINESS WIRE)–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 decades, Louisiana-based Windward has built a business based on helping judicial systems and other organizations obtain, organize, store and deliver critical information. GRIDS has been a leader in providing conveyance records software to Louisiana court

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PE-backed GTI acquires Jetco


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


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GTI Transport Solutions Inc, a portfolio company of Novacap, has acquired Houston-based Jetco, a carrier serving small businesses to Fortune 500 companies. No financial terms were disclosed. Brian Fielkow, CEO of Jetco, will remain in his role. GTI is a provider of open-deck, specialized and over-dimensional freight services.

PRESS RELEASE

MONTREAL, May 13, 2019 /PRNewswire/ – Novacap, one of Canada’s leading private equity firms, is proud to announce that its portfolio company GTI Transport Solutions Inc. (“GTI”), a leading provider of open-deck, specialized and over-dimensional freight services has completed the acquisition of Jetco, a Houston-based transporter offering flatbed, heavy-haul, intermodal, logistics, and specialized loads in the Texas region and across the United States. This acquisition allows GTI to establish a strong operational platform in the United States, which will provide GTI with the ability to further strengthen and widen its offering to its customers throughout North

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PE-backed Splash Car Wash acquires Wash Co


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


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Splash Car Wash, which is backed by Palladin Consumer Retail Partners, has acquired Middletown, New York-based Wash Co, an operator of car wash facility and laundromat. No financial terms were disclosed.

PRESS RELEASE

GREENWICH, Conn., May 10, 2019 /PRNewswire/ — Splash Car Wash, headquartered in Greenwich, Connecticut (www.splashcarwashes.com), announced the acquisition of Wash Co. in Middletown, New York. Wash Co. operates an express carwash facility as well as a laundromat at the site. The property was developed by Wayne and Glen Sheeley, whose family has been in the carwash business since 1969.

“We are honored that great operators like the Sheeley’s picked to partner with Splash,” stated Mark Curtis, CEO of Splash. “This new site is fantastic. Glen and Wayne have thought of everything to enhance the customer experience, both at the wash and the laundromat. We very much look forward to having this

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Liquidnet buys RSRCHXchange


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


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Liquidnet has acquired RSRCHXchange, a marketplace and aggregator for institutional research. No financial terms were disclosed. NovitasFTCL was financial adviser to RSRCHXchange on the transaction.

PRESS RELEASE

NEW YORK & LONDON–(BUSINESS WIRE)–Liquidnet, the global institutional investment network, today announced it has acquired RSRCHXchange, a leading marketplace and aggregator for institutional research. The acquisition supports Liquidnet’s evolution as a global investment network and enables it to embed a new level of research and analytics into the global investment process. Liquidnet will now be able to deliver relevant, actionable insights directly to investment teams through the Liquidnet platform.

Following its acquisition of OTAS Technologies in 2017, Liquidnet has focused on integrating AI-powered decision support and analytics into its institutional execution technology. By combining RSRCHXchange’s technology, research, and distribution with Liquidnet’s AI based analytics platform, Liquidnet can help its global network of asset managers revolutionize the way they source, access, evaluate, and

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Liquidnet buys RSRCHXchange


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


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Liquidnet said May 13 that it acquired RSRCHXchange. Financial terms weren’t announced. RSRCHXchange is a marketplace and aggregator for institutional research. Liquidnet is backed by Maverick Capital and TH Lee Putnam Ventures, PitchBook said. Nex Group invested in RSRCHXchange in 2017.

PRESS RELEASE

NEW YORK & LONDON–(BUSINESS WIRE)–Liquidnet, the global institutional investment network, today announced it has acquired RSRCHXchange, a leading marketplace and aggregator for institutional research. The acquisition supports Liquidnet’s evolution as a global investment network and enables it to embed a new level of research and analytics into the global investment process. Liquidnet will now be able to deliver relevant, actionable insights directly to investment teams through the Liquidnet platform.
Following its acquisition of OTAS Technologies in 2017, Liquidnet has focused on integrating AI-powered decision support and analytics into its institutional execution technology. By combining RSRCHXchange’s technology, research, and distribution with Liquidnet’s AI based analytics platform,

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PE-backed Truck Hero buys Lund


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


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Truck Hero, a portfolio company of CCMP Capital Advisors LP, has acquired Buford, Georgia-based Lund, a provider of branded automotive accessories. No financial terms were disclosed. Ropes & Gray LLP advised Truck Hero and CCMP on the transaction while Katten Muchin Rosenman LLP advised Lund and Highlander. Lund was a portfolio company of Highlander Partners LP.

PRESS RELEASE

ANN ARBOR, MICHIGAN – May 10, 2019 – Truck Hero, Inc. (“Truck Hero” or the “Company”) today announced the strategic acquisition of Lund International Holding Company (“Lund”), a portfolio company of Highlander Partners, LP. Lund, based in Buford, Georgia, is a leading designer, manufacturer, and marketer of branded automotive accessories for a full assortment of passenger cars, light trucks, SUVs, CUVs and Jeeps, as well as the heavy truck category. The transaction terms were not disclosed.

Truck Hero is a market leader in providing a wide range of

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Brewin Dolphin to buy Investec’s Irish wealth business: Reuters


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Britain’s Brewin Dolphin has agreed to buy Investec’s Irish wealth business for 44 million euros ($49 million) in cash in a deal it said on Friday would make it one of the country’s top-three wealth managers.

Investec said in a statement that it had decided to sell because of changes to its business model as a result of Britain’s planned exit from the European Union, and that its other Irish businesses were unaffected by the sale.

Brewin, in a separate statement, said it would look to raise 60 million pounds ($78 million) in a share placing to help fund the deal and bolster its capital position after a string of other acquisitions over the last 12 months.

The shares will be placed with institutional investors at a price of 305 pence per share, it said, adding the placing was not conditional on the Investec deal completing as planned in

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New-Indy acquires Proactive Packaging and Display


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


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New-Indy Containerboard LLC, a joint venture between Schwarz Partners LP and Kraft Group LLC, has acquired Ontario, California-based Proactive Packaging and Display, a provider of corrugated display packaging and merchandising formats for the retail environment. No financial terms were disclosed. Mesirow Financial served as financial adviser to Proactive on the deal. Proactive was backed by CK Pearl.

PRESS RELEASE

CHICAGO, May 9, 2019 /PRNewswire/ — Mesirow Financial acted as the exclusive financial advisor to Proactive Packaging and Display, LLC (“Proactive” or the “Company”), a portfolio company of CK Pearl Fund (“CK Pearl”), on its sale to New-Indy Containerboard LLC (“New-Indy”), a joint venture between Schwarz Partners LP and Kraft Group LLC.

Headquartered in Ontario, CA, Proactive is an award-winning producer of high-impact corrugated display packaging and merchandising formats for the retail environment. The Company designs, manufactures and assembles custom packaging in a 240,000 sq. ft. facility using world-class

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PE-backed Redwood Logistics buys Eminent Global Logistics


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


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Redwood Logistics, which is backed by CI Capital Partners, has acquired Horsham, Pennsylvania-based Eminent Global Logistics, a provider of transportation management systems implementation and integration services. No financial terms were disclosed.

PRESS RELEASE

CHICAGO, May 9, 2019 /PRNewswire/ — Redwood Logistics (“Redwood”), a strategically-integrated North American logistics company based in Chicago, Illinois, announced today that it acquired Eminent Global Logistics (“Eminent”). The addition of Eminent, a provider of transportation management systems (“TMS”) implementation and integration services, bolsters Redwood’s current technology integration and consulting services platform through broader system expertise. Terms of the transaction were not disclosed.

Eminent, which was founded in 2002 and is headquartered in Horsham, Pennsylvania, is a leading consultant and integrator for Oracle Transportation Management (“OTM”), Global Trade Management (“GTM”), and Oracle Warehouse Management (“Logfire”). Eminent complements Redwood’s existing knowledge services team, which was named MercuryGate TMS “Integrator of the Year” for 2018 and

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Pfizer to buy VC-backed biotech firm Therachon


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


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Pfizer has agreed to acquire Therachon, a biotech company focused on rare diseases, for $340 million upfront with an additional $470 million in contingent payments. Goldman Sachs is serving as financial adviser to Therachon on the deal with Cooley LLP and Homburger AG providing legal advice. And, Arnold & Porter and Lenz & Staehelin are serving as legal advisers to Pfizer. Therachon is backed by Novo Holdings, Cowen Healthcare Investments, Pfizer Ventures, Tekla Capital Management LLC, Versant Ventures, OrbiMed, Bpifrance and Inserm Transfert Initiative.

PRESS RELEASE

NEW YORK & BASEL, Switzerland–(BUSINESS WIRE)–Pfizer (NYSE: PFE) today announced that it has entered into a definitive agreement to acquire all the shares of Therachon Holding AG, a privately-held clinical-stage biotechnology company focused on rare diseases, with assets in development for the treatment of achondroplasia and short bowel syndrome (SBS).

Under the terms of the agreement, Pfizer will acquire Therachon for $340 million

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PE-backed Huntington Solutions completes RADVA buyout


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


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Huntington Solutions has closed its previously announced acquisition of Virginia-based RADVA Corporation, a maker of packaging solutions for the medical, pharmaceutical and food industries. No financial terms were disclosed. Huntington Solutions is a portfolio company of Mill Point Capital.

PRESS RELEASE

GREER, S.C.–(BUSINESS WIRE)–Huntington Solutions, a leading provider of custom-engineered expanded polystyrene (EPS) and expanded polypropylene (EPP) molded foam solutions has finalized the previously announced acquisition of RADVA Corporation, a Virginia-based manufacturer of protective and temperature-sensitive foam packaging solutions for the medical, pharmaceutical and food industries, among others.

Concurrent with the acquisition, Huntington also completed a refinancing of its existing debt. Brightwood Capital Advisors, LLC served as the sole financing provider to Huntington.

About Huntington Solutions
Headquartered in Greer, SC, Huntington Solutions is a leading provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), ARCEL® and other advanced resins. The company’s

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PE-backed Single Digits buys Resolute Partners’ guest Wi-Fi business


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


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Single Digits Inc, which is backed by GI Partners, has acquired Resolute Partners‘ guest Wi-Fi business. No financial terms were disclosed. As part of the deal, Single Digits will now provide high-speed internet access to about 100 additional locations in the hospitality, multi-dwelling units healthcare and government sectors in the U.S.

PRESS RELEASE

BEDFORD, N.H. (PRWEB) MAY 09, 2019

Single Digits, Inc. announced today that it has completed the acquisition of the guest Wi-Fi business of Resolute Partners. As part of the acquisition, Single Digits will now provide High-Speed Internet Access (HSIA) to approximately 100 additional locations in the hospitality, Multi-Dwelling Units (MDU) healthcare, and government sectors throughout the US. Additionally, the former Summit Technology team and Burlington, VT office will join the Single Digits family.

Single Digits is excited to welcome the newly acquired customers onto the Broadband Authentication Platform (BAP), the company’s award-winning

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Hain Celestial to sell Hain Pure Protein to Aterian for $80 mln


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


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Hain Celestial has agreed to sell its chicken and turkey business Hain Pure Protein to Aterian Investment Partners for $80 million. The deal is expected to close before June 30, 2019. Centerview Partners was financial adviser to Hain Celestial on the transaction.

PRESS RELEASE

LAKE SUCCESS, N.Y., May 9, 2019 /PRNewswire/ — The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial” or the “Company”), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today announced that it has entered into a definitive agreement to sell all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird™ and Empire® Kosher businesses, to Aterian Investment Partners III, LP for a purchase price of $80 million, subject to adjustments. The transaction is expected to close before June 30, 2019, the

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PE-backed SnapAV to buy Control4 for about $680 mln


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


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SnapAV, which is backed by Hellman & Friedman LLC, has agreed to acquire Control4, a provider of smart home solutions, for $23.91 per share or about $680 million. The deal is expected to close in the second half of 2019. Simpson Thacher & Bartlett LLP is serving as legal adviser to SnapAV on the transaction while Raymond James & Associates Inc is serving as financial adviser to Control4 with Goodwin Procter LLP providing legal advice.

PRESS RELEASE

CHARLOTTE, N.C. & SALT LAKE CITY–(BUSINESS WIRE)–SnapAV, a leading manufacturer and primary source of A/V, surveillance, networking and remote management products for professional integrators, and Control4 Corporation (NASDAQ: CTRL) (“Control4”), a leading global provider of smart home solutions, today announced that they have entered into a definitive merger agreement (the “Agreement”) whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing

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Edgewell Personal Care to buy Harry’s for $1.37 bln


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


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Edgewell Personal Care Co said May 9 that it agreed to buy Harry’s Inc in a deal that values Harry’s at $1.37 billion. Edgewell is paying 79 percent of the deal in cash, while 21 percent will be paid in common stock. Once the deal closes Harry’s shareholders will own about 11 percent of Edgewell. Harry’s, of New York, is personal care and grooming company known for its shaving products. Harry’s has raised $461.03 million in funding from investors including Alliance Consumer Growth, Temasek Holdings, Tiger Global Management and Wellington Management, PitchBook said.

PRESS RELEASE

SHELTON, Conn. and NEW YORK, May 9, 2019 /PRNewswire/ — Edgewell Personal Care Company (NYSE: EPC) and Harry’s, Inc. today announced that they have entered into a definitive agreement under which Edgewell will combine with Harry’s in a cash and stock transaction that values Harry’s at $1.37 billion. The

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Boston Scientific to buy VC-backed Vertiflex


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


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Boston Scientific said May 9 that it agreed to buy Vertiflex Inc. The deal calls for $465 million in upfront cash with additional payments contingent on commercial milestones for the next three years. Vertiflex has developed a device to improve improve physical function and reduce pain in patients with lumbar spinal stenosis. Vertiflex has raised about $160 million in funding from investors including Endeavour Vision, H.I.G Capital and H.I.G. BioVentures, according to PitchBook.

PRESS RELEASE

MARLBOROUGH, Mass., May 9, 2019 /PRNewswire/ — Boston Scientific (NYSE: BSX) today announced that it has entered into a definitive agreement to acquire Vertiflex, Inc., a privately-held company which has developed and commercialized the Superion® Indirect Decompression System, a minimally-invasive device used to improve physical function and reduce pain in patients with lumbar spinal stenosis (LSS). The procedure – primarily performed by physicians who treat chronic pain

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White Wolf-backed NSC acquires two Indiana staffing companies


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


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NSC Technologies, a portfolio company of White Wolf Capital, has acquired Indiana personnel agencies Staffing Resources Inc and ULG Companies LLC. No financial terms were disclosed. Mesirow Financial provided financial advice to ULG on the transaction while Charter Capital Partners did likewise for SRI.

PRESS RELEASE

PORTSMOUTH, VA. (PRWEB) MAY 08, 2019

NSC Technologies (“NSC”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisitions of Staffing Resources, Inc. (“SRI”) and ULG Companies, LLC (“ULG”). In conjunction with these acquisitions, NSC was recapitalized to better position the Company for additional acquisitions and continued growth. Details of the transactions were not disclosed.
Richard Leggio, a Vice President of White Wolf, noted, “The value-add of the ULG acquisition is highly compelling. With this acquisition, NSC will expand its Midwest presence while further consolidating its dominant presence in the maritime/naval shipbuilding and repair industries.”

Andres

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