PE-owned Frontier ups Perkins to CEO

Frontier Spinning Mills, which is owned by American Securities, has promoted Robin Perkins to CEO. Perkins is succeeding John L. Bakane who is retiring from his post as CEO but will continue as executive chairman of Frontier’s board of directors. Also, Frontier has promoted Barbara F. Walton to executive vice president and chief financial officer; John M. Maness to executive vice president of manufacturing; John C. Riddle to senior vice president of sales; and John W. Garris to vice president of international sales. Based in Sanford, North Carolina, Frontier is a producer of spun yarns for the knitting and weaving sectors. PRESS RELEASE SANFORD, N.C., Oct. 3, 2014 /PRNewswire/ — Frontier Spinning Mills Holding Corp. (“Frontier”) announced today the promotion of Robin Perkins to Chief Executive Officer, effective October 3, 2014. In conjunction with the promotion, John L. Bakane is retiring from full-time responsibilities as Chief Executive Officer, and he will remain involved with Frontier as Executive Chairman of the Board of Directors. Frontier is owned by affiliates of American Securities LLC, a New York-based private equity firm, and members of Frontier management. As one of the founders of Frontier in 1996, Mr. Perkins brings more than 20 years of experience in the textile industry and most recently served as President of the Company. Previously, he held sales and marketing roles at Pioneer Yarn Mills and Unifi Spun Yarn. Mr. Perkins is a Board Member of the National Council of Textile Organizations, North Carolina Textile Foundation, and Cotton Council International. He is also a member of the National Cotton Council, The Cotton Board, and Southern Textile Association. Mr. Perkins said, “I am excited to take the helm of Frontier as we embark upon a multi-year modernization program and seek to expand our strong customer base. Since its founding in 1996, we have built Frontier into one of the largest U.S. based producers of cotton and cotton/polyester blend yarns by focusing on long-term customer relationships, as well as maintaining high quality and reliable product supply standards.” Kevin S. Penn, Managing Director at American Securities, commented, “John’s transition to Executive Chairman has been well planned. We have the utmost confidence in Robin as the new leader of Frontier and look forward to continuing to work with him in this new capacity. John has been a terrific CEO since he joined the Company five years ago. Under his leadership, Frontier achieved strong financial performance, including record levels of shipped pounds, revenue and EBITDA. We are pleased that John will continue his involvement with the Company as a key member of the Board of Directors and look forward to working closely with the new senior management team.” In addition, Frontier announced the promotions of Barbara F. Walton to Executive Vice President and Chief Financial Officer, John M. Maness to Executive Vice President of Manufacturing, John C. Riddle to Senior Vice President of Sales, and John W. Garris to Vice President of International Sales. About Frontier Spinning Mills, Inc.
Frontier is one of the largest U.S. based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market leading positions in open-end spinning. Offering a diverse product line to fulfill the demands of customers worldwide, yarn produced by Frontier is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings. The Company operates five spinning facilities in North Carolina and Alabama with 1,076 employees. For more information on the capabilities of Frontier, visit www.frontierspinning.com.

Oak Hill completes Berlin Packaging acquisition

Oak Hill Capital Partners has closed its buy of Berlin Packaging from Investcorp. No financial terms were disclosed although earlier reports pegged the amount at $1.43 billion. As a result of the transaction, Berlin Packaging CEO Andrew Berlin retains a “significant” ownership stake in the company. He and the firm’s current management will continue to lead the business. Berlin Packaging supplies packaging products in North America. PRESS RELEASE NEW YORK and CHICAGO, Oct. 6, 2014 /PRNewswire/ — Oak Hill Capital Partners (“Oak Hill”), a leading private equity firm, announced today that it has completed the previously announced acquisition of Berlin Packaging LLC (“Berlin Packaging”), a leading supplier of rigid packaging products and services in North America, from Investcorp. Oak Hill invested in partnership with Berlin Packaging’s current management team, led by Chairman and CEO Andrew Berlin, who retains a significant ownership position. Mr. Berlin and the current management team will continue to manage the business. Founded in 1898 and guided by a company culture focused on growing the bottom lines of its customers, Berlin Packaging combines the best attributes of manufacturers, distributors, and income-adding service providers for thousands of customers, with an unparalleled track record of 99% on-time delivery, quantified results for customers, and industry-leading customer thrill. Berlin Packaging’s end-to-end operations across the supply chain provide customers of all sizes in all industries with a one-stop shop for their packaging needs. Berlin Packaging’s broad offering of services includes structural and brand design, worldwide sourcing, warehousing and logistics, and capital financing. Tyler Wolfram, Managing Partner at Oak Hill, said, “We are delighted to have completed this acquisition. The investment in Berlin Packaging is representative of Oak Hill’s theme-based investment strategy and specifically aligns with one of our core themes targeting industry-leading, value-added strategic suppliers. Berlin Packaging is a best-in-class business in a very attractive market with significant growth avenues. We are excited to execute Berlin Packaging’s strategy in partnership with Andrew and his outstanding team.” Andrew Berlin said, “The Berlin Packaging team is highly enthusiastic to take our business to the next level. Berlin Packaging’s customers, suppliers, and employees alike can look forward to new opportunities and enhanced growth. Importantly, as we pursue these opportunities, it’s business as usual. This means we will continue to offer the same outstanding products, solutions, and service levels, and there will be no changes to the team our customers and suppliers work with. Our new partnership with Oak Hill will create wins for all of the company’s stakeholders.” In connection with the closing of the acquisition, Berlin Packaging also closed its previously announced first and second lien financing in addition to a revolving credit facility.
About Berlin Packaging Berlin Packaging is North America’s only Hybrid Packaging Supplier of plastic, glass, and metal containers and closures. See PaintTheTarget.com and GreaterFaster.com for more on how the company exists to help people and companies excel. With over 33,000 available SKUs, over 120 packaging consultants, and more than 90 sales and warehouse locations across North America, the company has the right products, expertise, and geographic proximity to help customers increase their net income through packaging products and services. Berlin Packaging supplies billions of containers and closures annually as well as warehousing and logistics services for customers of all sizes in all industries. It is the only company in its sector to be ISO 9001 certified, to have Customs-Trade Partnership Against Terrorism (C-TPAT) certification, and to achieve 99% on-time delivery of its shipments every month for over ten years. Related services and specialty product divisions include Studio One Eleven custom packaging and graphic design, Berlin Global sourcing solutions, E3 profit-oriented consulting, Berlin Financial financing for equipment and capital improvements, Dangerous Goods transport, Freund Container & Supply convenience, and Qorpak laboratory supplies. The company can be reached at 1.800.2.BERLIN, BerlinPackaging.com, and on LinkedIn and Twitter. About Oak Hill Capital Partners
Oak Hill is a private equity firm with more than $8 billion of initial capital commitments from leading entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Since inception 28 years ago, the professionals at Oak Hill and its predecessors have invested in more than 70 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value.

KKR agrees to buy oil and gas properties from Linn Energy for $350 mln

Kohlberg Kravis Roberts has agreed to buy oil and gas properties from Linn Energy for $350 million. KKR is making the deal through its KKR Natural Resources fund with Fleur de Lis Energy. The deal is expected to close in the fourth quarter. Press Release KKR today announced that it has signed a definitive agreement to acquire certain oil and gas properties in Ector and Midland Counties of the Permian Basin (the “Assets”) from Linn Energy, LLC for $350 million. The transaction, which is expected to close in the fourth quarter, is being made through the KKR Natural Resources’ (“KNR”) partnership with Fleur de Lis Energy (“FDL”) that is focused on pursuing investments in producing North American oil and gas properties. Commenting on the acquisition, FDL CEO Porter Trimble stated: “These are high quality assets that fit our acquisition and development strategy perfectly. This field has an extensive geologic column consisting of multiple producing horizons within the Permian Basin. This will allow the FDL team to access over 33 MMBOE of long life reserves.” The Assets are comprised of over 7,200 contiguous acres producing from multiple hydrocarbon-rich zones, including the Strawn, Wolfcamp and Spraberry formations. FDL estimates fourth quarter production of over 5,200 boe/d, the majority of which is oil, and contain an attractive inventory of near-term development opportunities. “We believe this represents an exciting opportunity to acquire high-quality producing assets that will benefit from ongoing development, and the application of new technologies, within the hydrocarbon rich Permian Basin. This is an important step as we continue to expand our natural resources platform in partnership with Fleur de Lis Energy,” said Jonathan Smidt, a Member of KKR and Head of KKR Natural Resources. KKR announced its partnership with Fleur de Lis Energy in March 2014. Founded by former Merit Energy Company Vice Chairman, Porter Trimble, FDL currently manages a portfolio of natural gas producing assets in Southern Mississippi. This is KKR’s second investment behind operating partner FDL, following the July 2014 acquisition of Selma Chalk properties from Penn Virginia Corporation (NYSE: PVA). KKR’s Global Energy & Infrastructure business invests across the entire energy supply chain. Since 2009, KKR, through its investment funds and vehicles, has invested or committed approximately $4.7 billion to energy-related investments spanning buy-outs, minority equity investments, joint-ventures, and various asset-level and structured investments, making KKR one of the more active private-market investors in the energy space during this period. About Fleur de Lis Energy Fleur de Lis Energy, L.L.C., (FDL) is a private energy firm with over $1 billion of available capital to acquire, operate and exploit oil and gas assets in North America. Headquartered in Dallas, Texas, FDL’s goal is to generate attractive risk adjusted returns and stable cash distributions to its investors through the acquisition, exploitation and operation of a diverse portfolio of oil and gas properties in North America. The FDL management team has successfully executed this strategy through all of the varying market cycles in the past 25 years. For more information, please visit FDL’s website at www.fdlenergy.com. About KKR KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com.

Armory Capital invests in Envisage Technologies

Family office Armory Capital has made an investment in Envisage Technologies, a software company for the public safety training and compliance industry. Financial terms were not disclosed. Press Release Envisage Technologies, the leading software company for the public safety training and compliance industry, announced that it received a major investment led by Armory Capital, a family investment office. Financial terms were not disclosed. Envisage will use the new capital to solidify the company’s position as the dominant training and compliance software platform in the law enforcement and public safety sector. Envisage Technologies is the developer of the Acadis Readiness Suite®; the only training platform ecosystem focused on the needs of public safety. The new funding also will enable Envisage to accelerate its roll-out of FirstForward (http://www.firstforward.com), the Nation’s first secure professional learning network for first responders. Envisage’s mission is to improve the readiness of our Nation’s public safety professionals to ensure they come home alive. The company’s training and compliance software platform leads
the industry, serving over 500,000 first responders and 5,600 public safety departments, across multiple states and the Federal Government. “We chose Armory as a financial partner because they focus on building great businesses for the long term, and we are excited to have access to the capital we need to rapidly grow this
business while keeping it within our Bloomington community,” said Ari Vidali, CEO of Envisage Technology. “What we value most is that Armory cares deeply for the welfare of our first
responders and all those in uniform who risk their lives to keep us safe. This is more than just an investment to them; Armory understands the positive impacts we can make on public
safety.” “Envisage has an outstanding reputation for quality software products and services with impressive market penetration and opportunities for growth,” said Jacob Ambrose, Managing Partner of Armory Capital. “We are excited to partner with Ari and his talented team in their quest to fundamentally improve the public safety industry.” As part of the investment, Chris Bennett, a public safety and emergency preparedness veteran, will become Envisage’s new Chairman of the Board. “I am very pleased to join Armory Capital, Ari Vidali, and the amazing team at Envisage Technologies,” said Bennett. “Envisage is an impressive technology innovator, but the
employees’ passion to transform public safety readiness is what makes it special. I’m proud to align with a mission-driven business that is dedicated to helping our nation’s first
responders and enabling systems that will ultimately save more lives.” Envisage Technologies Partners with Armory Capital. Envisage was advised by GSV Advisors, a leading Chicago-based merchant bank focused on innovative technology businesses that are transforming their industry segments. About Armory Capital
Armory Capital is a family investment office founded by Jacob Ambrose, Rusty Freeland and
Greg Lykins, in association with the August C. Meyer, Jr. family. Armory has a legacy of more
than 50 years of investing in private businesses. Unlike traditional private equity groups,
Armory is funded with permanent capital. This unique funding structure means that the firm’s
decisions are not driven by the limited life of a particular fund. Armory holds investments
based on the merits of the opportunity and the needs of its management partners.
(http://www.armorycap.com). About GSV Advisors
GSV Advisors , LLC is a modern merchant bank focused on the education and human capital
sectors. Leveraging deep domain expertise, relationships and entrepreneurial experience, its
principals provide merger, strategic advisory and private placement services. GSV Advisors
also co-produces the annual ASU+GSV Education Innovation Summit http://asugsvsummit.com. About ENVISAGE
Envisage is a high tech software company founded in 2001 to automate complex training
operations for high liability industries. We create solutions that make our world a safer place.
Our clients are federal law enforcement agencies, including the U. S. Department of Homeland
Security (DHS), and many state law enforcement and public safety organizations
(EnvisageNow.com).
Twitter: https://twitter.com/EnvisageNow
Facebook: https://www.facebook.com/EnvisageNow About the Acadis Readiness Suite The Acadis Readiness Suite is designed to make certain that our law enforcement, military, and emergency services are trained, equipped and ready to respond. The Suite measures
readiness by automating complex, high-risk training and compliance operations. Acadis
increases the accuracy and effectiveness across every level of critical incident response by
consolidating information about personnel and resources. The modular system enables
organizations to implement functionality where needed to support the compliance lifecycle.
Acadis embodies a single, powerful idea: To make certain our first responders come home
alive. (Acadis.net) About FirstForward
As the nation’s first professional learning network for public safety, FirstForward creates a
space where first responders can connect with their peers, collaborate and access the training
and tools they need to do their jobs and come home alive. FirstForward celebrates and honors
the stories of heroism and compassion common to all first responders. (FirstForward.com)

Gold miner Iamgold to sell niobium mine for $500 mln-Reuters

(Reuters) – Iamgold Corp said on Friday it has agreed to sell its niobium mine in Quebec to a group of companies led by investment firm Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. The long-planned sale of the Niobec mine, located some 200-km north of Quebec City, includes an adjacent rare earth metals deposit. The deal is one of a handful of private equity investments in the mining sector, and indicates that these firms are still keen on finding bargains in an industry that has been battered by a broad slide in metal prices. Toronto-based Magris Resources, led by former Barrick Gold Corp’s chief executive Aaron Regent, is one of a few private equity-backed firms scouting for deals in the sector. Magris is acquiring the niobium asset in partnership with Singapore’s Temasek Holdings and CEF Holdings Ltd, a Hong Kong-based investment company owned by Canadian Imperial Bank of Commerce and billionaire Li Ka-shing’s Cheung Kong Holdings Ltd. The Niobec mine, acquired by Iamgold in 2006 as part of its purchase of Cambior Inc, is one of the world’s three producers of niobium, a metal with superconductive properties. Niobium is used to make alloys for jet engines. It is also used in medical devices, mobile phones and to strengthen steel. Iamgold, which also owns assets in Canada, South America and Africa, will stand to get a further $30 million when commercial production begins at the adjacent rare earth site. The deal is expected to close in the fourth quarter of 2014, subject to regulatory approvals. It is being financed in part by a term loan from National Bank of Canada and the Bank of Nova Scotia. “The sale of Niobec greatly improves Iamgold’s balance sheet,” noted Dundee analyst Josh Wolfson in a note to clients, stating it would likely take it from a net debt position of over $365 million to a net cash position of about $135 million. The miner’s shares, which have fallen over 35 percent in the past 12 months due to weak gold prices, closed at C$3.04 on the Toronto Stock Exchange on Thursday. Its shares were up 3 percent in trading before the morning bell in New York on Friday.

Light Beam Capital invests in DCI

DCI Design Communications has secured an undisclosed investment from Light Beam Capital. Also, DCI has appointed Charbel Zreik as its new CEO while Brandon Cope of Peterson Partners and Rich Kelley of Search Fund Partners have been added to DCI’s board of directors. Headquartered in Syosset, NY, DCI is a provider of IT solutions for the hospitality sector. PRESS RELEASE NEW YORK, Oct. 2, 2014 /PRNewswire/ — DCI Design Communications LLC, the “Technology Concierge” for top hotel brands and management companies, has received a growth equity investment from Light Beam Capital. Through this deal, DCI recruits Charbel Zreik to lead the company’s expansion as its new Chief Executive Officer. “I’m very excited about this partnership as it will allow DCI to reach its full growth potential. We’re delighted to have Charbel join our team, as he brings to DCI unrivaled management expertise which will be the perfect complement to our strong technology and customer service strengths”, commented Samuel Mohabir, DCI’s Executive Vice President. Before taking on his new role as the CEO of DCI, Charbel delivered results and drove growth in various management positions in both large corporate settings as well as small company environments, including McKinsey and Company, Osage Partners and various others. He holds a BS from Cornell University and an MBA degree from Wharton Business School. “The company is a strong, one-stop shop IT services provider in a constantly evolving technology environment. I am thrilled to join such a strong team and company that is best in class in providing IT solutions to luxury and high end hotels,” said Charbel Zreik. Founded in 1989 and with over 25 years of sustained success in the Hospitality IT industry, DCI has a strong reputation as the premier national provider of IT services to high end hotels. DCI is consistently rated as a top technology solutions provider of integrated IT and telecommunications, data networking, IP convergence, HSIA, and hosted VOIP services. DCI serves many of the world’s most recognizable flags and management companies including InterContinental Hotels, Starwood Hotels & Resorts, Four Seasons Hotel, Marriott International, Choice Hotels International, Kimpton Hotels, Hilton Hotels, Rosewood Hotels, Hyatt Hotels & Resorts, Morgans Hotel Group, White Lodging, and Langham Hotels, as well as many more Joining DCI’s Board of Directors are Brandon Cope of Peterson Partners (lead investor) and Rich Kelley of Search Fund Partners. About DCI Design Communications LLC
DCI is a national managed service provider of IT solutions for the hospitality industry and is one of the largest independent distributors of MITEL®, NEC, Ruckus™ Wireless, HP® ProCurve, Nomadix® & Exinda in the country. DCI supports many of the world’s top resorts, both select-service and full-service. The group is headquartered in Syosset, New York. For more information, visit www.dci-design.com About Light Beam Capital
Based in Sleepy Hollow, New York, Light Beam Capital is a growth-oriented investment company that acquires and operates businesses. Light Beam Capital has a mix of investors and operators, who have brought top-tier excellence into the middle market. The fund is led by Charbel Zreik, and Brent Zettel, VP, led diligence on the transaction. For more information, visit www.lightbeamcapital.com About Peterson Private Equity
Peterson Private Equity, located in Salt Lake City Utah, is a middle market investor that is growth oriented, flexible, and has a long-term mindset. Peterson has made investments across the United States, Canada, and Brazil, in over 150 companies. For more information, visit www.petersonpartners.com.

SB Capital Partners buys lawn care company Aerations Only

SB Capital Partners has acquired San Diego, Calif.-based lawn care firm Aerations Only. No financial terms were disclosed. Aerations Only has been renamed as The Lawn Guys. PRESS RELEASE SAN DIEGO, Oct. 2, 2014 /PRNewswire/ — SB Capital Partners is thrilled to announce its acquisition of Aerations Only Inc. This San Diego based lawn care company has been servicing more than 10,500 households regionally on a regular basis since 1994. Today, SB Capital Partners has stepped in with a mission. “Our mission is to transform this proprietorship into a dominant lawn care enterprise and become a household name. We want to be the one-stop-shop for lawn care and landscaping,” says Daniel Shkolnik, Co-Founder of SB Capital Partners. Since its inception, Aerations Only Inc., has primarily focused on core lawn aerations while offering an array of lawn care products, including pre-emergent weed control, gypsum, targeted insect control, as well as fertilizer and over-seeding products. “We are so excited to work with Joel Soper, Aerations Only Inc., CEO on taking his business to the next level. We see vast opportunities for introducing new product offerings and expanding into regional markets,” says Brandon Blum, Co-Founder of SB Capital Partners. The company will operate under a new name, The Lawn Guys, LLC. About SB Capital Partners
Headquartered in San Diego, CA, SB Capital Partners is a boutique private equity firm focused on acquisitions of operating companies in the home services and facilities space in verticals such as; property management, landscaping, termite control, insurance, and building supplies manufacturing. The team was previously focused on acquiring real estate between 2008 and 2012. However in early 2013, SB Capital spotted a prime opportunity to deliver superior risk-adjusted returns to investors during a time of skyrocketing real estate prices. They quickly transitioned to acquiring businesses around the real estate space. “Investment yields on rental properties got so compressed, we just didn’t see any more upside.” Says Blum. SB Capital Partners invests in companies with proven track records in mature industries that are already prosperous but have significant growth potential. SB Capital Partners Investment Philosophy
In an ever-changing world and developing technologies, SB Capital Partners chooses to invest in predictable industries such as property management, landscaping, pest control, property insurance, and other related enterprises. With a leading edge and experience in growing businesses, SB Capital Partners strives to bring new technologies and growth opportunities to companies in mature industries. In many cases they can partner with existing founders and management teams.

Siris Capital completes Junos Pulse acquisition, renames business Pulse Secure

Siris Capital has closed its buy of the Junos Pulse business from Juniper Networks. No financial terms were disclosed. The Junos Pulse business will now be known as Pulse Secure. Based in San Jose, Calif., Pulse Secure is a provider of access and mobile security solutions. PRESS RELEASE SAN JOSE, Calif.–(BUSINESS WIRE)–Siris Capital today announced that it has completed its acquisition of the Junos Pulse business from Juniper Networks, the industry leader in network innovation, and incorporated that business under the name Pulse Secure, LLC. Siris Capital will continue to operate Pulse Secure as an independent company with the mission to empower business productivity through secure and seamless mobility. Pulse Secure, which has more than 200 patents related to the portfolio in secure access and mobile security, will continue to innovate across its market-leading product portfolio, including the Pulse VPN solution, the Pulse network access control (NAC) gateway, Pulse’s mobile security solutions and branded endpoint clients that run on Windows, Windows Phone, Mac OS X, iOS, Linux and Android. Industry veterans and Siris Executive Partners Alfred Zollar and Andrew Monshaw will lead Pulse Secure, serving in the roles of Chairman and CEO, respectively. “We are excited to launch Pulse Secure as an independent company. It begins operations with a unique combination of assets, from network infrastructure to mobile technologies,” Zollar said. “Most importantly, we’re building upon this business with more than 200 employees who are leading security experts in VPN, NAC and mobile.”
With the successful closure of the sale and formation of Pulse Secure, Rami Rahim, executive vice president and general manager, Juniper Development and Innovation, said,“This is an exciting day for Pulse Secure and we look forward to our partnership moving forward. Juniper remains committed to ensuring customers and partners experience a seamless transition and see no interruptions in sales or support.” Pulse Secure and Juniper Networks are implementing a comprehensive transition plan designed to provide seamless sales support and customer service for all Pulse customers. “Our number one priority is to ensure that our more than 20,000 customers and 1,800 channel partners continue to receive support without interruption throughout our transition to a stand-alone company,” Monshaw said. “However, we also believe they will notice the fruits of Pulse Secure’s ongoing investments in engineering, marketing, customer support and sales to sharpen our focus on the customer experience through innovation.” Pulse Secure will focus on two strategic priorities. First, extending its products’ best-in-class market leadership in the VPN and NAC markets, and second, investing in capturing the emerging market opportunity to enable enterprise network mobility via unified management that includes cloud-based delivery of policies to appliances and mobile devices. “The marriage of Pulse Secure’s network and cutting-edge mobile technologies provides a unique opportunity to shake up the enterprise mobility market,” said Jeff Green, senior vice president of engineering and product development at Pulse Secure. “Both enterprises and managed service providers are looking for new ways to deliver service offerings for mobility that empower, rather than restrict, end users.” “Customers want a consolidated offering for access control, SSL VPN, and mobile device security,” said Jeff Wilson, principal security analyst at Infonetics Research. “Pulse Secure has a long history in all three areas, and is in a great position to provide a unique solution.” Pulse Secure will also focus on improving channel operations, sales execution and marketing. The new company has hired former Juniper executives Doug Erickson, former vice president of worldwide partner programs and development, and Chris Stoddard, former senior director of security sales, to head channel and direct-touch sales efforts, respectively, as well as Jeff Green, former vice president and general manager of Pulse, and Rick Barr, former corporate vice president of operations. Chris Roeckl, a former executive at NetScreen, Fortinet and, most recently, Danaher, has also joined Pulse Secure to lead its marketing efforts. “Our partner program is critical to make it easy for our partners to do business with Pulse Secure and service their customers with best-in-class mobility solutions,” Erickson, vice president of channel sales, said. “We are putting a heavy investment in channel programs and tools to accelerate our partners’ growth using our solutions.” Added Stoddard, vice president of direct sales: “We see an ongoing and increasing growth opportunity to help customers securely connect and manage their networked devices, either wired or wireless. This opportunity is broad, existing not just in core markets, such as federal and financial services, but every vertical, regardless of size, and also a strong opportunity for managed service providers.” Pulse Secure is based in San Jose, Calif., and also has development offices in Westford, Mass. and Bangalore, India. More information on the company, its solutions and management team, can be found at www.pulsesecure.net. About Pulse Secure
Pulse Secure, LLC is a leading provider of access and mobile security solutions to both enterprises and service providers. Enterprises from every vertical and of all sizes utilize the company’s Pulse virtual private network (VPN), network access control and mobile security products to enable end user mobility securely and seamlessly in their organizations. Pulse Secure’s mission is to enable open, integrated enterprise system solutions that empower business productivity through seamless mobility. About Siris Capital Group
Siris is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies in North America. Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work exclusively with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically. www.siriscapital.com

PE-backed Mister Car Wash grabs $15.1 mln from Penfund

Mister Car Wash, a portfolio company of Leonard Green, has closed $15.1 million in financing from Penfund. Based in Tucson, Arizona, MCW is a car wash chain. PRESS RELEASE TORONTO, ONTARIO–(Marketwired – Oct. 2, 2014) – Penfund, an independent provider of junior capital to middle market companies located in the United States and Canada, announced today the completion of a US$15.1 million debt and equity investment in Mister Car Wash (“MCW”) on August 21, 2014. MCW is a recently-acquired portfolio company of Leonard Green & Partners (“Leonard Green”). Headquartered in Tucson, Arizona, MCW is the largest car wash chain in the United States. The company operates 134 car washes across 14 states and has a reputation for providing high quality service at an affordable price. Jeremy Thompson, a partner at Penfund, stated “We are very happy to have been able to support Leonard Green in their acquisition of Mister Car Wash. We believe the acquisition will enable Mister Car Wash to continue its strong growth and maintain its industry leadership.” According to John Lai, CEO of MCW, “Mister Car Wash has built one of the most sophisticated operating platforms in the car wash industry and now, with the strength of Leonard Green’s backing, we’re perfectly positioned to grow at an even faster clip.” “As a result of our incredible growth trajectory,” Lai added, “Mister Car Wash is creating an amazing number of new career opportunities for our people. As a people business, this is a compelling competitive advantage.” About Mister Car Wash
Mister Car Wash (www.mistercarwash.com) is the largest car wash company in the United States, operating 134 car washes and 32 express lubes in 14 states. The company is headquartered in Tucson, Arizona and has nearly 4,800 employees, servicing over 15 million vehicles annually. About Leonard Green & Partners LP
Leonard Green (www.leonardgreen.com) is one of the nation’s preeminent private equity firms with over $15 billion of private equity capital raised since inception. Founded in 1989, the firm has invested in 67 companies with aggregate value of over $60 billion in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Based in Los Angeles, CA, Leonard Green invests in established companies that are leaders in their markets. About Penfund
Penfund is a leading North American private equity firm specializing in providing junior capital to middle market companies throughout North America. Penfund provides second lien, high yield and mezzanine debt, control and minority equity, as well as bridge facilities, standby lines, underwritten facilities and financial guarantees. The firm is owned by its management team and is currently investing its most recently established fund, Penfund Capital Fund IV which has $460 million of committed capital. Penfund manages institutional funds sourced from North American pension funds, insurance companies, family offices and banks and has invested more than $2.5 billion in over 220 companies since its establishment in 1979.

EFG Hermes to pay $208 mln for 49 pct stake in wind power firm EDPR France-Reuters

(Reuters) – Egypt’s EFG Hermes Holdings said its private equity arm bought a 49 percent stake in wind power firm EDPR France for $208 million, according to a statement on Wednesday, its first investment outside the Middle East and Africa. The buyout consists of the equity in the firm as well as paying back loans made by previous shareholders. About half of the cost will be funded through an acquisition finance facility secured from European banks, the Egyptian investment bank said. EFG will provide seed capital of about $5 million for the equity component of the transaction, with the remainder raised from the Gulf, it added without providing details.
Completion of the transaction, which EFG said marked the launch of its “direct investment strategy”, is subject to regulatory approval and other conditions. EDPR France has a portfolio of 33 operational wind farms with a combined gross capacity of 334 megawatts and is a subsidiary of Portugal’s EDP Renewables, according to the statement. It will retain operational control of the wind farms, while EFG will manage the investment vehicle.

EFG Hermes to pay $208 mln for 49 pct stake in wind power firm EDPR France-Reuters

(Reuters) – Egypt’s EFG Hermes Holdings said its private equity arm bought a 49 percent stake in wind power firm EDPR France for $208 million, according to a statement on Wednesday, its first investment outside the Middle East and Africa. The buyout consists of the equity in the firm as well as paying back loans made by previous shareholders. About half of the cost will be funded through an acquisition finance facility secured from European banks, the Egyptian investment bank said. EFG will provide seed capital of about $5 million for the equity component of the transaction, with the remainder raised from the Gulf, it added without providing details.
Completion of the transaction, which EFG said marked the launch of its “direct investment strategy”, is subject to regulatory approval and other conditions. EDPR France has a portfolio of 33 operational wind farms with a combined gross capacity of 334 megawatts and is a subsidiary of Portugal’s EDP Renewables, according to the statement. It will retain operational control of the wind farms, while EFG will manage the investment vehicle.

China’s CIC, AVIC end talks to acquire Avolon, say sources-Reuters

(Reuters) – China Investment Corp (CIC) and AVIC Capital Co Ltd have ended talks to acquire Avolon Holdings Ltd, making it likely that the aircraft leasing company will pursue an initial public offering, according to people familiar with the matter. CIC, China’s sovereign wealth fund, and AVIC, a Chinese state-owned aerospace and defense company, were in talks to acquire Avolon for between $4 billion and $5 billion, Reuters reported in August. AVIC subsequently confirmed the discussions, cautioning there was uncertainty over the potential deal. Avolon registered with financial regulators in June for an IPO in the United States. The sources said this week that the unsuccessful talks with the Chinese parties made the IPO the most realistic alternative for Avolon’s private equity owners to cash out on their investment. The sources asked not to be identified because the discussions are private. Avolon declined to comment, while CIC and AVIC could not immediately reached for comment. Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore’s sovereign wealth fund GIC Pte, has been working with JPMorgan Chase & Co, Morgan Stanley and Citigroup Inc on the IPO. Dublin-based Avalon provides aircraft leasing and lease management services to airlines and aircraft investors. It has a fleet of more than 200 aircraft serving 48 customers in 27 countries. Its customers include American Airlines Group Inc, Air France KLM SA and Ryanair Holdings Pc. It is not the first time that Chinese interest in such a company failed to lead to a deal. A Chinese consortium made an unsuccessful bid in 2012 to buy aircraft lessor International Lease Finance Corp (ILFC) from U.S. insurance giant American International Group Inc. That proposal deal fell apart and AIG ended up selling ILFC to AerCap Holdings NV. Hong Kong tycoon Li Ka-shing’s Cheung Kong Holdings Ltd , Australia’s Macquarie Group Ltd and Japan’s Orix Corp were among the parties exploring bids for another Dublin-based lessor, Awas, that is owned by British private equity firm Terra Firma, Reuters reported last month.

China’s CIC, AVIC end talks to acquire Avolon, say sources-Reuters

(Reuters) – China Investment Corp (CIC) and AVIC Capital Co Ltd have ended talks to acquire Avolon Holdings Ltd, making it likely that the aircraft leasing company will pursue an initial public offering, according to people familiar with the matter. CIC, China’s sovereign wealth fund, and AVIC, a Chinese state-owned aerospace and defense company, were in talks to acquire Avolon for between $4 billion and $5 billion, Reuters reported in August. AVIC subsequently confirmed the discussions, cautioning there was uncertainty over the potential deal. Avolon registered with financial regulators in June for an IPO in the United States. The sources said this week that the unsuccessful talks with the Chinese parties made the IPO the most realistic alternative for Avolon’s private equity owners to cash out on their investment. The sources asked not to be identified because the discussions are private. Avolon declined to comment, while CIC and AVIC could not immediately reached for comment. Avolon, which is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore’s sovereign wealth fund GIC Pte, has been working with JPMorgan Chase & Co, Morgan Stanley and Citigroup Inc on the IPO. Dublin-based Avalon provides aircraft leasing and lease management services to airlines and aircraft investors. It has a fleet of more than 200 aircraft serving 48 customers in 27 countries. Its customers include American Airlines Group Inc, Air France KLM SA and Ryanair Holdings Pc. It is not the first time that Chinese interest in such a company failed to lead to a deal. A Chinese consortium made an unsuccessful bid in 2012 to buy aircraft lessor International Lease Finance Corp (ILFC) from U.S. insurance giant American International Group Inc. That proposal deal fell apart and AIG ended up selling ILFC to AerCap Holdings NV. Hong Kong tycoon Li Ka-shing’s Cheung Kong Holdings Ltd , Australia’s Macquarie Group Ltd and Japan’s Orix Corp were among the parties exploring bids for another Dublin-based lessor, Awas, that is owned by British private equity firm Terra Firma, Reuters reported last month.

Onex completes York acquisition

Onex has closed its buy of York Risk Services Group for $1.325 billion. The seller was ABRY Partners. Based in Parsippany, NJ, York is a provider of risk management, claims management and managed care solutions. PRESS RELEASE TORONTO, ONTARIO–(Marketwired – Oct. 1, 2014) -Onex Corporation (“Onex”) (TSX:OCX) today announced it has completed the acquisition of York Risk Services Group, Inc. (“York”) for $1.325 billion. York is a provider of risk management, claims management and managed care services. The total equity investment of approximately $555 million was made by Onex Partners III, Onex and York’s management team. The York acquisition is the last new investment for Onex Partners III. Onex will now begin investing from Onex Partners IV, a $5.15 billion fund raised in May 2014. About Onex
With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Onex acquires and builds high-quality businesses in partnership with talented management teams. At August 31, 2014, the Company had approximately $22 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds. At August 31, 2014, Onex’ businesses had assets of $31 billion, generated annual revenues of $24 billion and employed approximately 200,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company’s security filings can also be accessed at www.sedar.com.

Onex completes York acquisition

Onex has closed its buy of York Risk Services Group for $1.325 billion. The seller was ABRY Partners. Based in Parsippany, NJ, York is a provider of risk management, claims management and managed care solutions. PRESS RELEASE TORONTO, ONTARIO–(Marketwired – Oct. 1, 2014) -Onex Corporation (“Onex”) (TSX:OCX) today announced it has completed the acquisition of York Risk Services Group, Inc. (“York”) for $1.325 billion. York is a provider of risk management, claims management and managed care services. The total equity investment of approximately $555 million was made by Onex Partners III, Onex and York’s management team. The York acquisition is the last new investment for Onex Partners III. Onex will now begin investing from Onex Partners IV, a $5.15 billion fund raised in May 2014. About Onex
With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Onex acquires and builds high-quality businesses in partnership with talented management teams. At August 31, 2014, the Company had approximately $22 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds. At August 31, 2014, Onex’ businesses had assets of $31 billion, generated annual revenues of $24 billion and employed approximately 200,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company’s security filings can also be accessed at www.sedar.com.

Welsh, Carson completes 820 mln euro sale of GlobalCollect

Welsh, Carson, Anderson & Stowe has completed the sale of portfolio company online payments company GlobalCollect for 820 million euros to Ingenico Group. Welsh Carson bought GlobalCollect in May 2010. The sale generated proceeds of about $815 million, which will be distributed to partners. The firm distributed about $160 million after a debt recapitalization of GlobalCollect. Press Release Welsh, Carson, Anderson & Stowe (the “Firm” or “WCAS”), a private equity firm exclusively focused on information/business services and healthcare, announced that it has completed the sale of its portfolio company, GlobalCollect (the “Company”) for €820 million to Ingenico Group (Euronext: FR0000125346 – ING). WCAS generated sale proceeds of approximately $815 million, which will be distributed to the Partners. In 2013, WCAS distributed approximately $160 million after a debt recapitalization of the Company. WCAS acquired GlobalCollect in May 2010 after the Firm identified the global online payments market as a significant growth sector and GlobalCollect as a leading industry player. GlobalCollect is a leading full-service Payment Service Provider (“PSP”) that allows online merchants to accept a broad range of electronic payment types and currencies from consumers around the world. As a “collecting” PSP, GlobalCollect also handles moving, processing and reconciling funds between consumers and merchants. GlobalCollect leverages a worldwide network spanning 170 countries and territories, 150 currencies as well as 150 international and local payment methods. WCAS has worked closely with the Company to grow the business since WCAS’s initial acquisition in 2010. This growth has been driven by (i) the Company’s strong competitive positioning in cross border e-commerce, (ii) the ongoing secular shift from brick-and-mortar commerce to e-commerce, (iii) the need for online merchants to expand internationally to maximize growth, and (iv) accelerating expansion into emerging markets. “We are very proud of the accomplishments that GlobalCollect and WCAS have achieved over the past several years.” said Sanjay Swani, General Partner at Welsh, Carson, Anderson & Stowe. “Tom Staudt, CEO of GlobalCollect, and his leadership team have done an excellent job building the Company into a market leader. We believe that GlobalCollect will continue to build on its leadership position under Ingenico Group’s ownership.” WCAS has continued to capitalize on the strong public and private markets in recent years, taking the opportunity to pursue attractive exits during 2014. In addition to GlobalCollect, WCAS has sold Solstas Lab Partners and Peak 10 as well as announced the sale of Matrix Medical. WCAS has also completed the initial public offerings of Paycom Software, Inc. (NYSE: PAYC), and K2M Group Holdings, Inc. (Nasdaq: KTWO). Including pending distributions, WCAS has generated net liquidity of $3.8 billion since the beginning of 2013. This has resulted in WCAS’s investors receiving $5.05 of distributions for every $1 of capital called. About Welsh, Carson, Anderson & Stowe Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of $20 billion. The Firm is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P. See www.welshcarson.com to learn more.

Welsh, Carson completes 820 mln euro sale of GlobalCollect

Welsh, Carson, Anderson & Stowe has completed the sale of portfolio company online payments company GlobalCollect for 820 million euros to Ingenico Group. Welsh Carson bought GlobalCollect in May 2010. The sale generated proceeds of about $815 million, which will be distributed to partners. The firm distributed about $160 million after a debt recapitalization of GlobalCollect. Press Release Welsh, Carson, Anderson & Stowe (the “Firm” or “WCAS”), a private equity firm exclusively focused on information/business services and healthcare, announced that it has completed the sale of its portfolio company, GlobalCollect (the “Company”) for €820 million to Ingenico Group (Euronext: FR0000125346 – ING). WCAS generated sale proceeds of approximately $815 million, which will be distributed to the Partners. In 2013, WCAS distributed approximately $160 million after a debt recapitalization of the Company. WCAS acquired GlobalCollect in May 2010 after the Firm identified the global online payments market as a significant growth sector and GlobalCollect as a leading industry player. GlobalCollect is a leading full-service Payment Service Provider (“PSP”) that allows online merchants to accept a broad range of electronic payment types and currencies from consumers around the world. As a “collecting” PSP, GlobalCollect also handles moving, processing and reconciling funds between consumers and merchants. GlobalCollect leverages a worldwide network spanning 170 countries and territories, 150 currencies as well as 150 international and local payment methods. WCAS has worked closely with the Company to grow the business since WCAS’s initial acquisition in 2010. This growth has been driven by (i) the Company’s strong competitive positioning in cross border e-commerce, (ii) the ongoing secular shift from brick-and-mortar commerce to e-commerce, (iii) the need for online merchants to expand internationally to maximize growth, and (iv) accelerating expansion into emerging markets. “We are very proud of the accomplishments that GlobalCollect and WCAS have achieved over the past several years.” said Sanjay Swani, General Partner at Welsh, Carson, Anderson & Stowe. “Tom Staudt, CEO of GlobalCollect, and his leadership team have done an excellent job building the Company into a market leader. We believe that GlobalCollect will continue to build on its leadership position under Ingenico Group’s ownership.” WCAS has continued to capitalize on the strong public and private markets in recent years, taking the opportunity to pursue attractive exits during 2014. In addition to GlobalCollect, WCAS has sold Solstas Lab Partners and Peak 10 as well as announced the sale of Matrix Medical. WCAS has also completed the initial public offerings of Paycom Software, Inc. (NYSE: PAYC), and K2M Group Holdings, Inc. (Nasdaq: KTWO). Including pending distributions, WCAS has generated net liquidity of $3.8 billion since the beginning of 2013. This has resulted in WCAS’s investors receiving $5.05 of distributions for every $1 of capital called. About Welsh, Carson, Anderson & Stowe Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the Firm has organized 15 limited partnerships with total capital of $20 billion. The Firm is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P. See www.welshcarson.com to learn more.

Kayne Partners invests $15 mln in Zafin

Kayne Partners has invested $15 million in Zafin, which provides relationship banking software services to the financial services industry. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors. Press Release Zafin, an award-winning provider of relationship banking software solutions to the financial services industry, announced today that Kayne Partners has invested $15.0 million ($USD) in the company to grow its business. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. a $30 billion alternative investment firm. Headquartered in Vancouver, British Columbia, Zafin was founded by financial technology expert Al Karim Somji (Chief Executive Officer) in 2002. Zafin’s flexible software suite, miRevenue, is a complete Product and Pricing Lifecycle Management (“PPLM”) platform – a “start-to-finish” view of the way banks bring products to market quickly and easily with a focus on revenue enhancement. Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship, and its client base includes many of the world’s largest and most respected tier-1 banks. “We are proud to have the support of Kayne Partners at this important juncture in Zafin’s growth. Our partnership will enable Zafin to significantly expand its international sales and marketing efforts, as well as accelerate our product roadmap. We are particularly pleased with how our vision is aligned with Kayne Partners’ strategy in financial technology,” said Al Karim Somji, Chief Executive Officer of Zafin. “Kayne Partners strives to identify and partner with companies uniquely positioned in high growth industries and backed by exceptionally strong management teams. Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship, creating a win-win situation by improving customers’ experience and increasing profitability for the bank. Kayne Partners recognizes significant future growth in this space going forward and believes Zafin’s financial technology expertise, combined with their innovative product roadmap, uniquely positions them to lead,” said Nishita Pawar, Managing Director, Kayne Partners. “When we realized the amount of value this management team is delivering to very happy customers, we knew we wanted to be a part of this story. Kayne Partners is proud to partner with such an experienced and talented management team. We believe Zafin is well-positioned to become the dominant leader in providing relationship banking software solutions to financial institutions,” said Doyl Burkett, Partner, Kayne Partners. About Zafin Zafin is an award winning provider of relationship banking software solutions to the financial services industry. As the market leader in relationship banking for retail, corporate, wealth management and correspondent banking, Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship. Zafin’s flexible software suite, miRevenue, is a complete Product and Pricing Life Cycle Management (PPLM) platform – a “start-to-finish” view of the way banks bring products to market quickly and easily with a focus on revenue enhancement. Zafin is operates out of multiple global locations, including North America, Europe, Asia, the Middle East and Africa.
www.zafin.com About Kayne Partners Kayne Partners is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $600 million in platform investments and add-on acquisitions. Kayne Partners seeks to partner with driven entrepreneurs as a non-control minority investor and provide transformative capital to these high growth companies. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P.
www.kaynepartners.com About Kayne Anderson Capital Advisors, L.P. Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit, growth private equity and distressed municipal opportunities. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above-average, risk-adjusted investment returns. Kayne manages $30 billion in assets for institutional investors, family offices, high net worth and retail clients and employs over 250 professionals in eight offices across the United States.
www.kaynecapital.com

Kayne Partners invests $15 mln in Zafin

Kayne Partners has invested $15 million in Zafin, which provides relationship banking software services to the financial services industry. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors. Press Release Zafin, an award-winning provider of relationship banking software solutions to the financial services industry, announced today that Kayne Partners has invested $15.0 million ($USD) in the company to grow its business. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P. a $30 billion alternative investment firm. Headquartered in Vancouver, British Columbia, Zafin was founded by financial technology expert Al Karim Somji (Chief Executive Officer) in 2002. Zafin’s flexible software suite, miRevenue, is a complete Product and Pricing Lifecycle Management (“PPLM”) platform – a “start-to-finish” view of the way banks bring products to market quickly and easily with a focus on revenue enhancement. Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship, and its client base includes many of the world’s largest and most respected tier-1 banks. “We are proud to have the support of Kayne Partners at this important juncture in Zafin’s growth. Our partnership will enable Zafin to significantly expand its international sales and marketing efforts, as well as accelerate our product roadmap. We are particularly pleased with how our vision is aligned with Kayne Partners’ strategy in financial technology,” said Al Karim Somji, Chief Executive Officer of Zafin. “Kayne Partners strives to identify and partner with companies uniquely positioned in high growth industries and backed by exceptionally strong management teams. Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship, creating a win-win situation by improving customers’ experience and increasing profitability for the bank. Kayne Partners recognizes significant future growth in this space going forward and believes Zafin’s financial technology expertise, combined with their innovative product roadmap, uniquely positions them to lead,” said Nishita Pawar, Managing Director, Kayne Partners. “When we realized the amount of value this management team is delivering to very happy customers, we knew we wanted to be a part of this story. Kayne Partners is proud to partner with such an experienced and talented management team. We believe Zafin is well-positioned to become the dominant leader in providing relationship banking software solutions to financial institutions,” said Doyl Burkett, Partner, Kayne Partners. About Zafin Zafin is an award winning provider of relationship banking software solutions to the financial services industry. As the market leader in relationship banking for retail, corporate, wealth management and correspondent banking, Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship. Zafin’s flexible software suite, miRevenue, is a complete Product and Pricing Life Cycle Management (PPLM) platform – a “start-to-finish” view of the way banks bring products to market quickly and easily with a focus on revenue enhancement. Zafin is operates out of multiple global locations, including North America, Europe, Asia, the Middle East and Africa.
www.zafin.com About Kayne Partners Kayne Partners is a leading provider of capital and connections to rapidly growing companies in North America. Since its inception more than a decade ago, it has invested over $600 million in platform investments and add-on acquisitions. Kayne Partners seeks to partner with driven entrepreneurs as a non-control minority investor and provide transformative capital to these high growth companies. Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, L.P.
www.kaynepartners.com About Kayne Anderson Capital Advisors, L.P. Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading independent alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit, growth private equity and distressed municipal opportunities. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above-average, risk-adjusted investment returns. Kayne manages $30 billion in assets for institutional investors, family offices, high net worth and retail clients and employs over 250 professionals in eight offices across the United States.
www.kaynecapital.com

Francisco Partners to acquire Vendavo

Francisco Partners is to acquire Vendavo. Based in Mountain View, Calif, Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies. PRESS RELEASE Francisco Partners, a global technology-focused private equity firm, today announced it has signed a definitive agreement to acquire Vendavo, Inc., a leader in business-to-business (B2B) pricing solutions. Based in Mountain View, Calif., Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies. Upon finalization of the acquisition, Francisco Partners will have a controlling stake in the Silicon Valley firm. Vendavo completed a record first half of 2014, with a nearly 30-percent growth in bookings and the release of two breakthrough solutions for price and sales effectiveness. The acquisition by Francisco Partners will bolster Vendavo’s aggressive growth strategy, enabling the company to expand sales and marketing while accelerating cloud development. “Pricing is one of the most important factors for driving profit to the bottom line, and Vendavo is an early mover in the B2B pricing space,” said Petri Oksanen, a partner at Francisco Partners. “We are impressed with Vendavo’s portfolio of flagship customers and the enormous transformative opportunity that exists in B2B pricing. We look forward to partnering with the Vendavo leadership team to capitalize on this market opportunity and accelerate growth.” Vendavo helps companies maximize profitability by delivering simple, actionable and timely guidance that empowers salespeople to close deals faster, increase win rates and boost margins on every transaction. Vendavo delivers $2.5 billion in additional profit annually to customers in consumer goods, distribution, manufacturing, technology and medical devices. “We are thrilled that Francisco Partners shares our vision and sees the huge growth opportunity before us,” said Neil Lustig, CEO of Vendavo. “Vendavo is committed to innovate and refine our technology to provide even greater value, insights and agility for decision-makers in an ever-changing market. This is an exciting new chapter for Vendavo; Francisco Partners’ proven record of supporting companies with technologies that transform business gives us great confidence for the road ahead.” Francisco Partners was advised by JMP Securities, and Vendavo was advised by William Blair. Financial terms of the transaction were not disclosed. About Vendavo
Vendavo harnesses the power of Big Data to generate actionable insights that enable businesses to sell more profitably. Our price optimization and management solutions help global customers make better data-driven decisions for pricing and sales effectiveness. Using cutting-edge analytics and deep industry expertise, Vendavo boasts the largest number of implementations for B2B enterprises in the industry, having helped more than 300 company divisions dramatically increase revenue, improve profit margins and maximize shareholder value. The Silicon Valley firm has on-premises, hybrid, and software-as-a-service (SaaS) offerings available for different customer needs and requirements. Located across the globe, Vendavo is the solution of choice for Fortune 500 companies in industries such as chemicals and process industries, consumer packaged goods, wholesale distribution, energy and utilities, technology, industrial manufacturing, and medical devices and consumables. Learn how you can increase frontline responsiveness and effectiveness at http://www.vendavo.com. About Francisco Partners
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm’s deep sub-sector knowledge and operational expertise can help a company realize its full potential.