Phillips & Temro buys EVoCharge


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Phillips & Temro Industries Inc, a Harbour Group company, said March 20 that it acquired EVoCharge Inc. Financial terms weren’t announced. EvoCharge supplies electric vehicle charging infrastructure solutions for commercial, public vehicle fleet, and residential use.

PRESS RELEASE

ST. LOUIS, March 20, 2019 /PRNewswire/ — Phillips & Temro Industries, Inc., a Harbour Group company, acquired EVoCharge, Inc. (“EVoCharge”), Jeff Fox, Harbour Group’s chairman and chief executive, announced today. Terms of the transaction were not disclosed.
EVoCharge supplies electric vehicle (“EV”) charging infrastructure solutions for commercial, public vehicle fleet, and residential use. Founded in 2009, EVoCharge is one of North America’s original EV charging infrastructure providers, providing Electric Vehicle Supply Equipment (“EVSE”) and cable management solutions. EVoCharge is headquartered in the Los Angeles area.
“We are excited to partner with EVoCharge as we extend Phillips & Temro’s reach to new markets and applications,” Mr. Fox said.
“EVoCharge adds product depth

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Insight Venture Partners invests in PDI


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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PDI said March 20 that Insight Venture Partners has invested in the company. Genstar and TA Associates will both retain minority stakes. Financial terms weren’t announced. PDI, of Atlanta, provides enterprise software to the convenience retail, wholesale petroleum and logistics industries.

PRESS RELEASE
ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by Insight Venture Partners (Insight) to support the company’s continued global growth. Insight Venture Partners joins Genstar and TA Associates, who will both retain minority stakes in PDI.
Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has invested in more than 300 companies worldwide, working with visionary executives to provide practical, hands-on growth expertise to foster long-term success.

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3i Group invests $179 mln in Magnitude Software


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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3i Group plc said March 19 that it will invest $179 million in Magnitude Software Inc. The enterprise value of the transaction is $340 million. Magnitude, of Austin, provides unified application data management solutions, operating in the US, the Netherlands, UK, Canada and India.

PRESS RELEASE
3i Group plc (“3i”) today announces that it will invest c. $179m in Magnitude Software Inc., (“Magnitude”), a leading provider of unified application data management solutions, operating in the US, the Netherlands, UK, Canada and India. 3i is investing alongside Chris Ney, Chairman and CEO of Magnitude, and other senior executives, who will maintain a significant minority stake in the business. The enterprise value of the transaction is $340m.
Headquartered in Austin, TX, Magnitude offers a range of software products which enable business users to access, extract and analyse data efficiently. It has strong relationships with the leading ERP providers (SAP and Oracle),

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MUIS Software to buy Ctrl BV


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


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MUIS Software, which is backed by Main Capital Partners, said March 18 that it is buying Ctrl BV. Financial terms weren’t announced. Deloitte is the seller. Ctrl, of Heemskerk, the Netherlands, provides an online collaboration platform for financial service providers within the SME market and larger companies.

PRESS RELEASE
MUIS Software acquires Ctrl from Deloitte
MUIS Software and her majority shareholder Main Capital Partners are taking an important step in the expansion of MUIS Software by reaching an agreement with Deloitte on the takeover of Ctrl B.V.
Heemskerk, 18 march 2019
MUIS Software, (SaaS) accounting and administration software provider, based in Heemskerk, joins forces with Ctrl. Combined, the company offers a complete product portfolio for accountants- and administration offices. The management team of Ctrl will remain active in the company with the primary task to continue the growth and development of Ctrl as an independent platform. All

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Ardian invests in Eloquant


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Ardian said March 18 it acquired a minority stake in Eloquant. Financial terms weren’t announced. The investment was part of an owner buyout (OBO) alongside its existing investors and management. Eloquant is a SaaS software publisher specializing in multichannel customer relations management.

PRESS RELEASE

ARDIAN SUPPORTS ELOQUANT IN ITS GROWTH

 

Paris, 18 March 2019 – Ardian, a world-leading private investment house, today announces the acquisition of a minority stake in Eloquant, a SaaS software publisher specialized in multichannel customer relations management, as part of an owner buyout (OBO) alongside its existing investors and management.

 

Founded in 2001 in Grenoble, France, Eloquant’s software is used to manage customer relations across all communication channels (telephone, email, chat and social network). The company offers an all-in-one solution built around three pillars:

 

Jordan Co to buy Sabre Industries from Kohlberg


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Jordan Co LP said March 18 that it agreed to buy Sabre Industries Inc. Financial terms weren’t announced. Kohlberg & Co LLC is the seller. Management is also investing in the deal. Sabre, of Alvarado, Texas makes products for the utility and telecom markets, structures and complementary services for the electric transmission and wireless communication end markets. Kirkland & Ellis LLP acted as legal adviser to TJC. Houlihan Lokey Capital Inc and KeyBanc Capital Markets Inc were financial advisers to Sabre, while Paul, Weiss, Rifkind, Wharton & Garrison LLP was their attorney.

PRESS RELEASE

TJC Announces Agreement to Acquire Sabre Industries, Inc. in Partnership with Management
March 18, 2019 09:10 AM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–The Jordan Company, L.P. (“TJC”) today announced that an affiliate of The Resolute Fund IV, L.P. (“Resolute IV”) has entered into a definitive agreement to acquire Sabre Industries, Inc. (“Sabre” or the

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ParkerGale buys DealerBuilt


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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ParkerGale has acquired DealerBuilt. Financial terms weren’t announced. DealerBuilt, of Mason City, Iowa and Grapevine, Texas, provides a dealer management system for auto dealers nationally.

PRESS RELEASE
ParkerGale Capital Partners with Dealer Management System Software Provider DealerBuilt
With increased capital & resources DealerBuilt will be able to further improve customer service & accelerate release of in-demand technologies including F&I e-signature platform and ceDMS
Chicago, IL, March 18, 2019 — DealerBuilt, a proven enterprise Dealer Management System (DMS) for automobile dealers nationwide, today announced it has partnered with ParkerGale Capital to further its growth and innovation in the automotive industry.
DealerBuilt was formed in 2008 to bring to market an enterprise DMS providing automobile dealer and dealer groups a viable alternative to the established market offerings. Over the years, DealerBuilt has seen increased demand for its more modern, scalable platform with an emphasis on being a dealer advocate for new and

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VC-backed Minute Media buys The Big Lead


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


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Minute Media, a global technology and publishing platform, has acquired The Big Lead, a sports and news digital publication. No financial terms were disclosed. Minute Media is backed by Battery Ventures, Dawn Capital, Gemini Ventures, North Base Media, ProSieben, Qumra Capital, Goldman Sachs, La Maison, Vintage Investments and Remagine Ventures.

PRESS RELEASE

NEW YORK & LONDON–(BUSINESS WIRE)–Today, Minute Media, a leading global technology and publishing platform, announced the acquisition of The Big Lead, the popular sports & news digital publication. This acquisition brings yet another trusted media brand under the Minute Media umbrella and strategically aligns with Minute Media’s goal of expanding within key content verticals.

As a part of the acquisition, Minute Media will be acquiring a talented group of The Big Lead content creators, all of whom have been responsible for building The Big Lead’s strong market position. Additionally, Minute Media will take on management of all

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DFW takes controlling stake in Sev1Tech


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DFW Capital Partners has acquired a controlling stake in Sev1Tech, a provider of enterprise IT and program management support services. No financial terms were disclosed.

PRESS RELEASE

Woodbridge, VA – Sev1Tech, LLC. (“Sev1Tech”), a leading provider of enterprise IT and program management support services, is pleased to announce a recently formed a private partnership with DFW Capital Partners (“DFW”), who has acquired a controlling equity stake in Sev1Tech to fuel their growth and support the transition to a large business. The current management team will stay in place and continue to run the company.

“The Sev1Tech management team sought out DFW as a partner to enable growth both organically and through acquisition. The DFW partnership provides us the ability to maintain our culture and mission delivery focus which we have built over the last 9 years,” says Bob Lohfeld, CEO of Sev1Tech. “DFW is our ideal investment partner, as

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HCL Technologies buys SBE


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


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HCL Technologies has acquired Seattle-based Strong-Bridge Envision, a digital transformation consulting firm. No financial terms were disclosed. SBE was backed by Bow River Capital.

PRESS RELEASE

NEW YORK & NOIDA, India–(BUSINESS WIRE)–HCL Technologies (HCL), a leading global technology company, today announced the acquisition of Strong-Bridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. With this acquisition, SBE will become part of HCL’s global Digital and Analytics business (HCL Mode 2 services).

“SBE will enhance our digital consulting offerings with their strong capabilities in digital strategy development, agile program management, business transformation and organizational change management. These capabilities combined with our next generation Mode 2 offerings in Experience Design, App Modernization & Data Analytics will help us deliver end-end digital journeys to our customers,” said Anand Birje, Corporate Vice President and Head of Digital and Analytics Practice at HCL Technologies.

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I.D. Systems to buy Pointer Telocation for $140 mln


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


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I.D. Systems has agreed to acquire Israel-based Pointer Telocation, a telematics and mobile IoT solutions company, for $140 million in cash and stock. Abry Partners will invest $50 million in the combined company, which will rebrand as PowerFleet. The deal is expected to close summer 2019. Both John Hunt and Anders Bjork of Abry Partners will join PowerFleet’s board of directors at the completion of the transaction.

PRESS RELEASE

WOODCLIFF LAKE, N.J., March 13, 2019 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, and Pointer Telocation Ltd. (NASDAQ: PNTR; TASE: PNTR), a leading provider of telematics and mobile IoT solutions, have entered into a definitive agreement whereby I.D. Systems will acquire all of the outstanding shares of Pointer in a cash and stock transaction valued at approximately $140 million.

Acquisition

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FFL-backed Laurel Solutions buys Servelec Technologies


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


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Laurel Solutions, a portfolio company of FFL Partners, said March 14 that it acquired Servelec Technologies. Financial terms weren’t announced. Servelec Technologies, of Sheffield, U.K., provides remote monitoring systems, secure SCADA systems, and business optimization software.

PRESS RELEASE
SAN FRANCISCO –March 14, 2019 – FFL Partners (“FFL”), a private equity firm focused on growth investments in middle market companies, today announced that its affiliate, Laurel Solutions, has completed the acquisition of Servelec Technologies, (“the Company”), a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimization software providing complete end-to-end automation and optimization solutions to clients around the world. Terms of the private transaction were not disclosed.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services

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F5 Networks to buy VC-backed NGINX for about $670 mln


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


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F5 Networks Inc has agreed to acquire web server NGINX for about $670 million. The deal is expected to close in the second calendar quarter of 2019. Foros acted as financial adviser to F5 on this transaction while Qatalyst Partners did likewise for NGINX, whose backers include Blue Cloud Ventures, e.ventures, Goldman Sachs, Index Ventures, MSD Capital, NEA, Runa Capital and Telstra Ventures.

PRESS RELEASE

SEATTLE and SAN FRANCISCO – F5 Networks, Inc. (NASDAQ: FFIV) and NGINX today announced a definitive agreement under which F5 will acquire all issued and outstanding shares of privately held NGINX for a total enterprise value of approximately $670 million, subject to certain adjustments.

“F5’s acquisition of NGINX strengthens our growth trajectory by accelerating our software and multi-cloud transformation,” said François Locoh-Donou, President & CEO of F5. “By bringing F5’s world-class application security and rich application services portfolio for improving performance, availability, and management

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Impact picks up $75 mln


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Providence Strategic Growth, a growth equity affiliate of Providence Equity Partners, has led a $75 million investment in Impact. Also, Silversmith Capital Partners, an existing backer of Impact, also participated in the investment. Based in Santa Barbara, California, Impact is a provider of partnership automation solutions.

PRESS RELEASE

SANTA BARBARA, Calif.–(BUSINESS WIRE)–Impact, the global leader in PARTNERSHIP AUTOMATION, today announced a $75 million investment led by Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners. The new funding will accelerate platform development, further go-to-market and regional expansion, and fuel both organic and inorganic growth. Existing investor Silversmith Capital Partners also participated in this investment.

Analysts, technology and enterprise leaders recognize that partnerships are a significant source of incremental growth and new revenue streams. While sales and marketing have long been viewed as the primary sources of growth, they are no longer enough to

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777 Partners buys travel tech firm Air Black Box


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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777 Partners has acquired Air Black Box, a travel technology company. No financial terms were disclosed.

PRESS RELEASE

MIAMI, March 11, 2019 /PRNewswire/ — Air Black Box—the first global travel technology company founded to solve the complexities of cross-selling products and services within the aviation sector—has been acquired by 777 Partners, an investment firm that specializes in unique high-growth investments.

The acquisition of Air Black Box adds to the firm’s portfolio of pioneering companies in the aviation sector. By equipping its portfolio companies with proprietary back-end operational technology, 777 Partners creates efficiencies that support the commercial success and scaling of each business.

A team of industry experts founded Air Black Box to address a key airline pain: how to efficiently connect inventory and systems to drive passenger volume, business expansion, and increased ancillary revenue. Limited by outdated PSS technology, disparate fulfillment systems, cumbersome industry contractual requirements, and restrictive selling platforms,

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Boeing acquires ForeFlight


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


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Boeing has acquired Houston-based ForeFlight, a provider of mobile and web-based aviation applications. No financial terms were disclosed. ForeFlight was backed by Silver Lake Sumeru.

PRESS RELEASE

CHICAGO, March 6, 2019 /PRNewswire/ — Boeing [NYSE: BA] completed the acquisition of ForeFlight, a leading provider of innovative mobile and web-based aviation applications.

ForeFlight has partnered with Boeing for the past two years to bring aviators Jeppesen’s aeronautical data and charts through ForeFlight’s popular mobile platforms. Now, the teams will integrate talent and offerings to bring innovative, expanded digital solutions to all segments of the aviation industry.

“We are excited to build on ForeFlight’s tremendous success in personal, business and defense aviation so we can provide next-generation, integrated tools to our aviation customers today,” said Ken Sain, Boeing Vice President of Digital Solutions and Analytics. “This acquisition also expands Boeing’s rapidly growing, unparalleled digital services portfolio which will enable us to

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PE-backed Tibco Software buys SnappyData


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


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Tibco Software, a portfolio company of Vista Equity Partners, has acquired Oregon and India-based SnappyData, a high performance, in-memory data platform. No financial terms were disclosed. SnappyData was backed by Pivotal, GE Digital and GTD Capital.

PRESS RELEASE

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced it has acquired SnappyData. The acquisition will complement the TIBCO® Connected Intelligence platform with a unified analytics data fabric that enhances analytics, data science, streaming, and data management for various use cases requiring speed, volume, and agility. Customers will benefit from enabling streaming, transactional, and interactive analytics in a single unifying system, delivering faster insights from high volumes, while maintaining a low total cost of ownership due to performance and ease of administration. The result is increased performance that is up to twenty times faster than native Apache Spark™, while scaling to support

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PE-backed Tibco Software buys SnappyData


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


Click here to view on the original site: Original Post




Tibco Software, a portfolio company of Vista Equity Partners, has acquired Oregon and India-based SnappyData, a high performance, in-memory data platform. No financial terms were disclosed. SnappyData was backed by Pivotal, GE Digital and GTD Capital.

PRESS RELEASE

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced it has acquired SnappyData. The acquisition will complement the TIBCO® Connected Intelligence platform with a unified analytics data fabric that enhances analytics, data science, streaming, and data management for various use cases requiring speed, volume, and agility. Customers will benefit from enabling streaming, transactional, and interactive analytics in a single unifying system, delivering faster insights from high volumes, while maintaining a low total cost of ownership due to performance and ease of administration. The result is increased performance that is up to twenty times faster than native Apache Spark™, while scaling to support

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PE-backed SugarCRM buys Collabspot’s email integration products


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


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SugarCRM Inc, which is backed by Accel-KKR, has acquired Collabspot‘s email integration products. No financial terms were disclosed. Based in Silicon Valley, SugarCRM is a provider of CRM solutions.

PRESS RELEASE

SugarCRM Inc.®, the company that helps organizations build better business relationships, today announced that it has acquired the Collabspot email integration products from Collabspot Pte Ltd. These tools provide improved integration with email, taking another step towards SugarCRM’s vision to deliver the most intuitive and collaborative user experience whilst eliminating all data entry.

Collabspot, which launched in Singapore in 2012, integrates CRM systems with well-known email providers like Google and Microsoft, synchronizing emails, contacts and calendars to provide a 360-degree view of customers and communication with prospects.

The acquisition represents further progress for SugarCRM in its mission to develop an intuitive, collaborative tool that provides high quality actionable insights and recommendations based purely on the

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