Adobe to buy marketing software firm Marketo for $4.75 billion: Reuters

Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business. The U.S. Photoshop maker is sharpening its focus on the fast-growing cloud business, a fiercely competitive market dominated by Microsoft Corp, Oracle Corp and Salesforce. Marketo’s business-to-business marketing applications will complement Adobe’s digital marketing business, which provides cloud-based tools to help create, manage and analyze advertising and marketing campaigns, the companies said. Marketo, started in 2006 as an email marketing service, was taken private by Vista for $1.8 billion in 2016. The San Mateo, California-based company generated revenue of about $321 million in 2017, according to credit ratings agency Moody’s Investors Service Inc. The deal is expected to close in the fourth quarter of Adobe’s fiscal 2018 and Marketo Chief Executive Officer Steve Lucas will join the company’s
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PE-backed Sonas acquires Advanced Nursing Solutions

Sonas Home Health Care, which is backed by Boyne Capital, has acquired Tampa, Florida-based Advanced Nursing Solutions, a pediatric home-care provider. No financial terms were disclosed. PRESS RELEASE DELRAY BEACH, Fla., Sept. 20, 2018 /PRNewswire/ — Sonas Home Health Care (“Sonas”), a portfolio company of Boyne Capital, has successfully completed its acquisition of Advanced Nursing Solutions (“ANS” or “Company”). ANS, a Tampa-based pediatric home-care provider, has served medically fragile children in the Tampa Bay area for over 20 years. During this time, ANS has developed long-standing relationships with families, caregivers, and healthcare professionals critical to the wellbeing of its patients. These relationships, coupled with a commitment to quality care, make ANS an invaluable addition to the Sonas family. Sonas is excited to work with the management team, employees, and caregivers of ANS to further develop its position as a premier home care provider to the pediatric population
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Vista Global buys XOJet’s business aviation fleet and commercial operations

Vista Global, which is backed by Rhone Capital, has acquired XOJet‘s business aviation fleet and commercial operations. No financial terms were disclosed. The deal is expected to close in the fourth quarter of this year. PRESS RELEASE NEW YORK, Sept. 20, 2018 (GLOBE NEWSWIRE) — In a further move towards strengthening its lead in the fragmented and expanding business aviation market, Vista Global, the aviation group founded by Thomas Flohr, announces the acquisition of XOJET’s business aviation fleet and commercial operations. XOJET’s regulated air carrier will continue to be independently operated in a joint venture under U.S. control and leadership, in accordance with U.S. Department of Transportation criteria. XOJET is the leading on demand private aviation platform in North America and its innovative model is unrivaled in the industry. XOJET’s four distinct membership programs serve the whole spectrum of business aviation needs on its owned
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PE-owned Sungevity to buy EGear and Hawaii Energy Connection

Sungevity, which is owned by Northern Pacific Group, has agreed to acquire two Hawaii-based renewable energy firms, EGear and Hawaii Energy Connection. No financial terms were disclosed. PRESS RELEASE OAKLAND, Calif., Sept. 20, 2018 /PRNewswire/ — Sungevity, one of the nation’s leading residential solar system providers, today announced a definitive agreement to concurrently acquire EGear and Hawaii Energy Connection, leaders in Hawaii’s advanced solar, storage and grid services market. Founded in Hawaii in 2007, Hawaii Energy Connection has established itself as a strong leader in both residential and commercial renewable energy contracting. Sungevity will now be among the largest providers of residential and commercial solar systems in Hawaii, adding to its existing presence in high-growth states throughout the West, Northeast and Southwest. As the consequences of climate change become more pronounced, US consumers and policy makers are looking to the solar power industry to provide more advanced
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Vonage to buy NewVoiceMedia for $350 mln

Vonage Holdings Corp said Sept. 20 that it agreed to buy NewVoiceMedia for $350 million. NewVoice is a cloud Contact Center-as-a-Service (CCaaS) provider. NewVoice is backed by investors including BGF Ventures, Bessemer Venture Partners (BVP), Eden VenturesHighland Capital Partners EuropeSalesforce Ventures and Technology Crossover Ventures. PRESS RELEASE HOLMDEL, N.J., Sept. 20, 2018 /PRNewswire/ — Vonage Holdings Corp. (NYSE: VG) (the “Company”) has entered into an agreement to acquire privately-held NewVoiceMedia, an industry-leading cloud Contact Center-as-a-Service (CCaaS) provider, for an equity price of $350 million paid in cash.
The acquisition combines Vonage’s robust UCaaS and CPaaS solutions with NewVoiceMedia’s pure-play cloud contact center offerings, providing an end-to-end communication experience for a company’s employees and customers.
“We are thrilled to announce the acquisition of NewVoiceMedia, which represents a major step forward in the realization of our strategic vision to deliver a differentiated, fully-programmable communications solution that drives more meaningful customer
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PE-backed LINC Systems buys Packaging Systems Design

LINC Systems LLC, a portfolio company of Center Rock Capital Partners LP, has acquired Packaging Systems Design Inc. Financial terms weren’t announced. Packing Systems, of West Chester, Ohio, is a distributor of industrial packaging equipment and related products. PRESS RELEASE Chicago, IL and Bloomfield Hills, MI – September 19, 2018 – Center Rock Capital Partners, LP (“Center Rock”) is pleased to announce its industrial distribution platform, LINC Systems, LLC (“LINC”), has acquired Packaging Systems Design, Inc. (“PSD”).  Based in West Chester, Ohio, PSD is a distributor of industrial packaging equipment and related products.  The company focuses on technical, value-added packaging solutions.  The PSD team will continue to run the business as a segment of LINC and will lead the efforts to expand LINC’s presence in the packaging space. “PSD shares our ‘customer first’ culture and commitment to providing the highest levels of customer service,” said Ted
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Pinnacle Dermatology buys Walter Barkey MD PLLC

Pinnacle Dermatology, a Chicago Pacific Founders portfolio company, has acquired Walter Barkey MD PLLC. Financial terms weren’t announced. Walter Barkey, of Flint, Michigan, is a dermatology practice. PRESS RELEASE Pinnacle Dermatology, a Chicago Pacific Founders portfolio company, Enters Flint Michigan with the Acquisition of Walter Barkey, MD, PLLC LOMBARD, IL — Pinnacle Dermatology has acquired Walter Barkey, MD, PLLC, further expanding the Pinnacle footprint and dermatology expertise in Michigan. Walter Barkey, MD, PLLC is led by Walter Barkey, M.D., a distinguished dermatologist, and the practice staff includes Aaron Cetner, MD, Wendy Meredith PA-C and Heidi Schults, PA-C. “We were impressed with the quality patient care and overall patient experience delivered by the providers at the Walter Barkey, MD, PLLC practice,” said Chad A. Eckes, CEO, Pinnacle Dermatology. “Flint is an important market in our Michigan expansion efforts, and Dr. Barkey and his team are a welcome addition to
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CoAdvantage buys Remedy Employer Services

CoAdvantage Corp, a portfolio company of Morgan Stanley Private Equity, has acquired Remedy Employer Services. Financial terms weren’t announced. Remedy, of Bradenton, Florida, provides outsourced HR services, benefits and payroll to small businesses. PRESS RELEASE TAMPA, Fla., Sept. 19, 2018 /PRNewswire/ — CoAdvantage Corporation (“CoAdvantage”), a leading national provider of strategic human resource solutions for small to mid-sized companies, announced today that it has acquired Florida-based Remedy Employer Services (“Remedy”). The acquisition expands CoAdvantage’s Florida base and represents the Company’s third acquisition in the past year. The acquisition creates a combined platform serving approximately 4,500 clients and more than 90,000 work site employees with a range of HR outsourced solutions for small and medium sized businesses.
Remedy is a provider of integrated human resources solutions located in Bradenton, FL that offers outsourced HR services, benefits and payroll to Florida’s thriving small business community with a reputation for superior customer service.
“We are excited about the Remedy acquisition
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Bertelsmann targets life-long learning with OnCourse deal: Reuters

FRANKFURT (Reuters) – German publishing group Bertelsmann (BTGGg.F) said on Monday it was buying U.S. online education provider OnCourse Learning from private equity firm CIP Capital in a deal worth around $500 million. The acquisition backs Bertelsmann’s push into digital education and training, and will boost its presence in the United States, a growth market which already contributes around a fifth of its sales. “We are expanding our education business to include a company with significant growth potential,” said Bertelsmann’s chairman and CEO, Thomas Rabe. “At the same time, the transaction will further strengthen our presence in the U.S., where we already generate more than 20 percent of our revenues. In the future, we expect this share to rise to around 30 percent.” OnCourse Learning, founded in 2007, is based in Brookfield, Wisconsin, and employs 375 people. It provides digital corporate and advanced training courses
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Wynnchurch buys Advanced MP Technology

America II, a portfolio company of Wynnchurch Capital LLC, has acquired Advanced MP Technology Inc. Financial terms weren’t announced. Advanced MP, of San Clemente, California, distributes electronic components and provides supply chain solutions. PRESS RELEASE Rosemont, IL – September 19, 2018 – America II, a portfolio company of Wynnchurch Capital, LLC (“Wynnchurch”), announced the acquisition of Advanced MP Technology, Inc. (“Advanced MP”). Advanced MP is a global distributor of electronic components headquartered in San Clemente, California, with multiple locations throughout North America, Europe, and Asia.   Mike Galinski, Chief Executive Officer of America II, said in a statement, “We are very excited about combining 70+ years of industry knowledge, expertise and resources of two leading global distribution organizations into one powerful platform.”   Jed Pecchioli, Chief Operating Officer of America II, added, “This combination will significantly expand our collective product offerings, services and geographic presence to better serve
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Consilium-backed GMM buys Techni Waterjet

GMM SpA, a portfolio company of Consilium SGR pA, has acquired Techni Waterjet Pty Ltd from its founders. Financial terms weren’t announced. Techni, of Melbourne, makes waterjet cutting solutions for the metal, glass and stone industries. Lincoln International advised GMM/Consilium. PRESS RELEASE Transaction highlights Lincoln’s leadership in the industrial sector and its ability to run complex cross border transactions
MILAN, ITALY – Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that GMM SpA (“GMM”), a portfolio company of Consilium Private Equity Fund III (“Consilium”), has acquired Techni Waterjet Pty Ltd (“TWJ” or the “Company”) from its founders. Terms of the transaction were not disclosed.
TWJ, headquartered in 1989 in Melbourne, is a leading manufacturer of waterjet cutting solutions for the metal, glass and stone industries. The Company, run by its two founders, employs approximately 60 people among Australia, Thailand and USA and reported
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HNA explores sale of newly acquired CWT logistics unit: Reuters

HONG KONG (Reuters) – China’s HNA Group [HNAIRC.UL] is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a $1 billion deal, several people familiar with the matter told Reuters. The sale, if completed, would be the latest in a series of divestments aimed at slashing debt at the aviation-to-financial services conglomerate. HNA has attracted much scrutiny for its $50 billion worth of deals in recent years that included hotels in the United States and a stake in Deutsche Bank (DBKGn.DE). For CWT, HNA is targeting a non-Chinese buyer, three sources said. Another person said only a part of CWT would be put up for sale. The sources declined to be named as HNA’s talks with investment banks for a buyer were confidential.
An HNA spokeswoman declined to comment. The group completed the acquisition of
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PE-backed Impact Group buys digital advertising platform Cluep

Impact Group, a portfolio company of CI Capital Partners, has acquired Cluep, a digital advertising platform. No financial terms were disclosed. PRESS RELEASE Boise, Idaho (September 18, 2018) – In a landmark move amidst rapidly-evolving consumer behavior, Impact Group, a leading grocery sales and marketing agency that works with over 700 CPG companies, announced today that the company has acquired Cluep, a groundbreaking digital advertising platform. Cluep will continue operating as a separate division under the Cluep brand and will complement Impact Group’s sales, marketing, and merchandising expertise and value-added service offerings. Through artificial intelligence (AI), Cluep helps brands connect with consumers by serving targeted advertising based on individuals’ social media activity. Impact Group’s strategic acquisition of the digital ad platform is a direct response to ongoing market shifts in retail and grocery: with online grocery sales projected to reach $100 billion by 2025, many brands and
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BoA to sell AI feeder funds business to iCapital Network

iCapital Network has agreed to acquire Bank of America‘s alternative investment feeder funds business. No financial terms were disclosed. As part of the transaction, iCapital will offer positions to 22 Bank of America employees who currently support the alternative investment feeder fund operations. The deal is expected to close during the first half of 2019. PRESS RELEASE NEW YORK, September 18, 2018 – iCapital Network, the financial technology platform democratizing alternative investments for high-net-worth individuals and their advisors, today announced it has entered into a definitive purchase agreement to acquire certain subsidiaries from Bank of America (NYSE: BAC) that provide sponsorship, administration and advisory services to alternative investment feeder funds (AI feeder funds). Bank of America’s AI feeder fund operations businesses represent approximately $20 billion in client assets. Upon closing, iCapital’s end-to-end technology solution will be leveraged to streamline and automate ongoing operations and fund administration services for the
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PE-backed DrillingInfo acquires Oildex

Drillinginfo, which is backed by Genstar Capital, has acquired Denver-based Oildex, the largest oil & gas financial automation software. No financial terms were disclosed. Oildex is a portfolio company of Accel-KKR. PRESS RELEASE AUSTIN, Texas, Sept. 18, 2018 /PRNewswire/ — Drillinginfo, the leading energy SaaS and data analytics company, has acquired Oildex, the largest oil & gas financial automation software firm in North America. This combination will transform the way the industry connects, collaborates, and automates data exchange for financial transactions and field operations. “By acquiring Oildex, we immediately expand our E&P and Oilfield Services base and reach across the energy value chain with Oildex’s full suite of financial automation solutions for automating invoicing, payments, field tickets, and data exchange. Oildex is a leader in managing relations between operators and their valued mineral rights owners, which enables us to accelerate our growth priority in the large mineral
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PE-backed Zavation buys PanMed

Zavation Medical Products, a portfolio company of LongueVue Capital, has acquired PanMed, a Tampa, Florida-based developer of products for the interventional radiology industry. No financial terms were disclosed. Baird served as financial adviser to LVC and Zavation on the transaction while McGuireWoods LLP provided legal counsel. PRESS RELEASE JACKSON, Miss., Sept. 18, 2018 /PRNewswire/ — Zavation Medical Products (“Zavation”), a LongueVue Capital (“LVC”) portfolio company, is pleased to announce it has partnered with the management team of Pan Medical U.S. Corp (“PanMed” or the “Company”) to acquire the Company. This partnership broadens Zavation’s service offering by adding a full suite of minimally invasive products, including the novel CurvePlus kyphoplasty system, the simplest and most complete curved kyphoplasty system on the market. The CurvePlus system is the only FDA approved kyphoplasty system that allows for both the balloon and cement to be passed through a curved
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PE-backed CoolSys acquires Ron Refrigeration & HVAC

CoolSys, a portfolio company of Audax Private Equity, has acquired Wisconsin-based Ron’s Refrigeration & HVAC LLC, a provider of refrigeration and HVAC engineering, service and installation. No financial terms were disclosed. PRESS RELEASE BREA, Calif., Sept. 17, 2018 -CoolSys™, a parent of market-leading refrigeration and HVAC companies nationwide, announced it has acquired Ron’s Refrigeration & HVAC LLC, which provides refrigeration and HVAC engineering, service and installation to customers throughout Wisconsin. This acquisition expands the growing national footprint for CoolSys and positions the company as a market leader for refrigeration and HVAC services in the Midwest. “The addition of Ron’s Refrigeration & HVAC to our expanding family of CoolSys operating companies is an exciting step in our company expansion,” comments Adam Coffey, president and CEO of CoolSys. “The Mancl family established Ron’s Refrigeration and has built a high-performing business based on customer focus that we will
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Supernus Pharmaceuticals to buy VC-backed Biscayne Neurotherapeutics

Supernus Pharmaceuticals Inc has agreed to acquire Miami-based Biscayne Neurotherapeutics, a developer of treatment for epilepsy, for up to $183 million. Biscayne’s backers include Quark Venture, GF Securities and Mesa Verde Venture Partners. PRESS RELEASE ROCKVILLE, Md., Sept. 13, 2018 (GLOBE NEWSWIRE) — Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN), a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, today announced that it entered into a merger agreement to acquire Biscayne Neurotherapeutics (Biscayne), a privately-held company developing a novel treatment for epilepsy. Supernus will obtain worldwide rights (excluding certain markets in Asia where rights have been out-licensed) to Biscayne’s product candidate that is in Phase I clinical development and that has received an Orphan Drug designation from the U.S. Food and Drug Administration (FDA) for the treatment of Dravet Syndrome, a severe form of childhood epilepsy. Supernus will also obtain rights
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Blue Wolf-backed companies Pearl and TGW merge

Pearl Technologies and TGW, both of which are portfolio companies of Blue Wolf Capital Partners, have merged. No financial terms were disclosed. With over thirty years The newly combined company, which will be known as Edge Industrial Technologies, will provide aftermarket consumables to the food processing, packaging, converting and extrusion industries. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–Today, Pearl Technologies Inc. (“Pearl”) and TGW Holdings Limited (“TGW”) announced their merger, bringing together a century-old, British family owned business and an American engineering and manufacturing company. The combined company, known as Edge Industrial Technologies, immediately becomes a leading provider of aftermarket consumables to the food processing, packaging, converting and extrusion industries worldwide, which includes machine knives, blades and punches. Both Pearl and TGW are Blue Wolf Capital Partners LLC (“Blue Wolf”) portfolio companies. “Combining TGW and Pearl is about bringing together two industry powerhouses to fuel topline growth. We have reached this
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