Aquiline-backed ClearCourse Partnership adds on intelligentgolf


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Aquiline Capital Partners-backed ClearCourse Partnership acquired intelligentgolf, which provides golf club and competition management software. The deal represents the tenth add-on since ClearCourse’s foundation in 2018. ClearCourse is a group of companies that provide software and services to the membership, events and bookings and sports and leisure sectors.

Press Release

ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of intelligentgolf (“the company”), a leading web-based provider of golf club and competition management software. The deal represents an expansion of ClearCourse’s offering into the sport & leisure industry and is the tenth company to join the Partnership since its foundation in October 2018.

intelligentgolf was founded in 2000 with the aim of making playing in golf competitions at club level easier and more

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Aquiline-backed ClearCourse Partnership adds on intelligentgolf


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




Aquiline Capital Partners-backed ClearCourse Partnership acquired intelligentgolf, which provides golf club and competition management software. The deal represents the tenth add-on since ClearCourse’s foundation in 2018. ClearCourse is a group of companies that provide software and services to the membership, events and bookings and sports and leisure sectors.

Press Release

ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of intelligentgolf (“the company”), a leading web-based provider of golf club and competition management software. The deal represents an expansion of ClearCourse’s offering into the sport & leisure industry and is the tenth company to join the Partnership since its foundation in October 2018.

intelligentgolf was founded in 2000 with the aim of making playing in golf competitions at club level easier and more

Continue reading “Aquiline-backed ClearCourse Partnership adds on intelligentgolf”

Aquiline-backed ClearCourse Partnership adds on intelligentgolf


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




Aquiline Capital Partners-backed ClearCourse Partnership acquired intelligentgolf, which provides golf club and competition management software. The deal represents the tenth add-on since ClearCourse’s foundation in 2018. ClearCourse is a group of companies that provide software and services to the membership, events and bookings and sports and leisure sectors.

Press Release

ClearCourse Partnership LLP (“ClearCourse” or “the Partnership”), a group of innovative technology companies providing software, services and digital capabilities to the membership, events & bookings and sports & leisure sectors, today announces its acquisition of intelligentgolf (“the company”), a leading web-based provider of golf club and competition management software. The deal represents an expansion of ClearCourse’s offering into the sport & leisure industry and is the tenth company to join the Partnership since its foundation in October 2018.

intelligentgolf was founded in 2000 with the aim of making playing in golf competitions at club level easier and more

Continue reading “Aquiline-backed ClearCourse Partnership adds on intelligentgolf”

Star Mountain raises about $250 mln for third US direct lending fund


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


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Star Mountain Capital has raised about $250 million for its third U.S. lower middle-market, non-sponsor-focused direct lending fund, inclusive of separate accounts, a source said. Fund III is targeting $500 million. The third fund already has 11 direct loans closed with an active pipeline focused on $3 million to $20 million Ebitda size companies that are looking for strategic debt and equity capital.

Gores spinout Diversis closes debut fund on $255 mln for growth tech deals


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


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Diversis Capital Management, formed by several ex-Gores Group executives in 2013, closed its debut growth fund on $255 million, beating its $200 million target in six months. Diversis was formed by Managing Directors Ron Nayot and Kevin Ma. It focuses on investments in lower middle market software companies.

Press Release

Diversis Capital Management, LP (“Diversis” or the “Firm”), an operationally focused private equity firm making growth-oriented investments primarily in software companies, today announced the final closing of its inaugural fund, Diversis Capital Partners I, L.P. (the “Fund”), at its hard cap with aggregate capital commitments of $255 million, surpassing its target of $200 million just six months from launch.

Diversis is led by Managing Directors Ron Nayot and Kevin Ma, who co-founded the Firm in 2013. The Fund will continue the Firm’s strategy of making operationally focused control private equity investments in lower middle market companies, many

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Diversis, with Gores pedigree, closes debut fund on $255 mln for software deals


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


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Diversis Capital Management, formed by several ex-Gores Group executives in 2013, closed its debut growth fund on $255 million, beating its $200 million target in six months. Diversis was formed by Managing Directors Ron Nayot and Kevin Ma. It focuses on investments in lower middle market software companies.

Press Release

Diversis Capital Management, LP (“Diversis” or the “Firm”), an operationally focused private equity firm making growth-oriented investments primarily in software companies, today announced the final closing of its inaugural fund, Diversis Capital Partners I, L.P. (the “Fund”), at its hard cap with aggregate capital commitments of $255 million, surpassing its target of $200 million just six months from launch.

Diversis is led by Managing Directors Ron Nayot and Kevin Ma, who co-founded the Firm in 2013. The Fund will continue the Firm’s strategy of making operationally focused control private equity investments in lower middle market companies, many

Continue reading “Diversis, with Gores pedigree, closes debut fund on $255 mln for software deals”

FTV Capital leads $28 mln growth funding in elearning platform OpenSesame


This post is by Chris Witkowsky from PE Hub Blog: Venture Capital Deals


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FTV Capital led a $28 million growth equity funding round in elearning platform OpenSesame. The funding round also included existing investor Altos Ventures. FTV partner Chris Winship will join OpenSesame’s board of directors.

Press Release

OpenSesame, the elearning innovator providing the world’s most comprehensive online catalog of curated employee training courses, today announced it raised a $28 million growth equity round led by FTV Capital. OpenSesame will use the proceeds to continue enhancing its machine learning-driven curation tools, expand its course offerings, and scale its sales and marketing functions to serve businesses worldwide. This funding round includes participation from existing investors including Altos Ventures. As part of the transaction, FTV partner Chris Winship will join the OpenSesame board of directors.

As workforce training rapidly shifts from classroom to online delivery, OpenSesame is disrupting the standard elearning model by curating the most comprehensive catalog of over 20,000 elearning courses from hundreds

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Bain Capital Double Impact invests in Rodeo Dental & Orthodontics


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Bain Capital invested in Rodeo Dental & Orthodontics, a group practice provider of specialty dental services in Texas. Bain is making the investment through its Double Impact program, providing capital that will help Rodeo Dental to expand patient access, regardless of means, to oral health services in Texas and beyond. Financial terms were not disclosed.

Press Release

Bain Capital Double Impact, the impact investing business of Bain Capital, today announced an investment in Rodeo Dental & Orthodontics, a premier group-practice provider of specialty dental services to families throughout the state of Texas. The partnership and investment by Bain Capital Double Impact will enable Rodeo Dental to rapidly expand patient access — regardless of means — to high-end, oral health care services in Texas and beyond. Financial terms of the private transaction were not disclosed.

Rodeo Dental & Orthodontics was founded in 2009 by Dr. Saam Zarrabi, Fellow and Diplomate

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WindRose completes equity recap of Healthmap Solutions


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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WindRose Health Investors completed an equity recapitalization of specialty health management company Healthmap Solutions with a commitment of $85 million. WindRose partnered with Healthmap’s executive team to provide additional capital to support future growth. Healthmap will expand into new markets to provide its services to additional patients with chronic kidney disease.

Press Release

WindRose Health Investors, LLC (“WindRose”), the New York-based healthcare private equity firm, announced the completion of an equity recapitalization of Healthmap Solutions, Inc. (“Healthmap” or the “Company”) with a commitment of $85 million. Healthmap is a specialty health management company focused on progressive diseases, with particular expertise in kidney populations. Health plans, including Medicare Advantage and employer-sponsored plans, as well as accountable care organizations (ACOs) and provider groups turn to Healthmap’s value-based solutions to improve the clinical and financial performance of this high-risk, high-cost patient population. Healthmap is led by its Chief Executive Officer, Joe Vattamattam, and

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Centre Partners-backed Golding Farms Foods acquires Arcobasso Foods


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Centre Partners-backed Golding Farms Foods, which makes sauce and condiment products, acquired Arcobasso Foods, which makes dressings, sauces and beverage mixers including salad dressing, hot sauces, wing sauces and BBQ sauces. Financial terms were not disclosed.

Press Release

Golding Farms Foods, Inc. (“Golding Farms”), a leading national manufacturer of private label and branded sauce and condiment products, today announced that it has acquired Arcobasso Foods, Inc. (“Arcobasso”), a leading manufacturer of refrigerated dressings, sauces and beverage mixers. The acquisition enhances Golding Farms’ product offerings and capabilities in numerous high-growth categories, and establishes a national manufacturing footprint to supply the Company’s regional and national customers with sauce and condiment private brand programs and branded products. Financial terms of the transaction were not disclosed.

Founded in 1987 and based in Hazelwood, Missouri, Arcobasso offers its customers private label, branded and co-packed sauce and condiment products including salad dressings, hot

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Siris hires StepStone partner Tracy Harris to work on investor relations


This post is by Chris Witkowsky from PE Hub Blog: Human Resources


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Siris hired ex-StepStone Group executive Tracy Harris as a partner in investor relations and product strategy. She will help manage the firm’s relationships with limited partners and prospective investors as well as evaluate new product opportunities. Harris worked most recently as a partner at StepStone, where she was a senior member of the firm’s small buyout, growth and venture capital sector teams. She also led StepStone’s ESG efforts. Before, Harris worked at GCM Grosvenor as a vice president in the customized fund group.

Press Release

Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that Tracy Harris will be joining Siris as Partner – Investor Relations and Product Strategy in the third quarter of 2019. Ms. Harris has 15 years of experience in cultivating meaningful relationships globally. In her new role at Siris she will help manage the

Continue reading “Siris hires StepStone partner Tracy Harris to work on investor relations”

Siris hires StepStone partner Tracy Harris to work on investor relations


This post is by Chris Witkowsky from PE Hub Blog: Human Resources


Click here to view on the original site: Original Post




Siris hired ex-StepStone Group executive Tracy Harris as a partner in investor relations and product strategy. She will help manage the firm’s relationships with limited partners and prospective investors as well as evaluate new product opportunities. Harris worked most recently as a partner at StepStone, where she was a senior member of the firm’s small buyout, growth and venture capital sector teams. She also led StepStone’s ESG efforts. Before, Harris worked at GCM Grosvenor as a vice president in the customized fund group.

Press Release

Siris, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies, today announced that Tracy Harris will be joining Siris as Partner – Investor Relations and Product Strategy in the third quarter of 2019. Ms. Harris has 15 years of experience in cultivating meaningful relationships globally. In her new role at Siris she will help manage the

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Blackstone makes minority investment in Marlin Equity


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Blackstone Group made a minority investment in Marlin Equity Partners. The investment, which came from Blackstone’s Strategic Capital Group, will allow Marlin to expand its global investment platform and leverage the resources and capabilities of Blackstone.

Press Release

Marlin Equity Partners, a global investment firm, today announced that Blackstone’s (NYSE: BX) Strategic Capital Group has made a passive, minority investment in the firm.

Blackstone’s Strategic Capital Group is part of Blackstone Alternative Asset Management (BAAM) and specializes in minority partnerships with leading alternative asset managers. This investment will allow Marlin to continue to invest in and further expand its global investment platform, strengthen the commitment to and alignment with its diversified investor base, and leverage the global resources and capabilities of Blackstone.

Since its inception in 2005, Marlin has rapidly grown to become a leading global investment firm with over $6.7 billion of capital under management and completed more

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Blackstone makes minority investment in Marlin Equity


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


Click here to view on the original site: Original Post




Blackstone Group made a minority investment in Marlin Equity Partners. The investment, which came from Blackstone’s Strategic Capital Group, will allow Marlin to expand its global investment platform and leverage the resources and capabilities of Blackstone.

Press Release

Marlin Equity Partners, a global investment firm, today announced that Blackstone’s (NYSE: BX) Strategic Capital Group has made a passive, minority investment in the firm.

Blackstone’s Strategic Capital Group is part of Blackstone Alternative Asset Management (BAAM) and specializes in minority partnerships with leading alternative asset managers. This investment will allow Marlin to continue to invest in and further expand its global investment platform, strengthen the commitment to and alignment with its diversified investor base, and leverage the global resources and capabilities of Blackstone.

Since its inception in 2005, Marlin has rapidly grown to become a leading global investment firm with over $6.7 billion of capital under management and completed more

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Shore Capital launches platform to invest in allergy practices across the southeast


This post is by Chris Witkowsky from PE Hub Blog: Buyout Deals


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Shore Capital Partners formed Southern Ear, Nose, Throat and Allergy Partners and completed a strategic partnership with Northwest ENT and Allergy Center. SENTA and Northwest ENT will seek affiliations with independent ear, nose and throat and stand alone allergy practices across the Southeast to build a network of doctors that focus on clinical care. SENTA is the eighth platform investment from Shore Capital’s second fund, which closed on $190 million in 2017.

Press Release

Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce that it has formed Southern Ear, Nose, Throat and Allergy Partners (“SENTA”) and completed a strategic partnership with Northwest ENT and Allergy Center (“Northwest ENT” or the “Company”). Northwest ENT is a leading ear, nose and throat (“ENT”) and allergy services provider with seven locations including two affiliated ambulatory surgery centers in the Greater Atlanta, Georgia metro area. The Company offers comprehensive medical and surgical

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Gallant Capital hires ex-Presto executive Jamie Kim as head of business development


This post is by Chris Witkowsky from PE Hub Blog: Human Resources


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Gallant Capital hired Jamie Kim as head of business development. Kim joined Gallant from Presto, where she was vice president of corporate development and strategy. Prior to Presto, she worked on the business development team at Platinum Equity.

Press Release

Gallant Capital (“Gallant”) is pleased to announce that Jamie Kim has joined the firm as Head of Business Development. Jamie is responsible for sourcing and assessing investment opportunities, managing relationships with transaction advisors and leading the firm’s marketing strategy.

“Jamie is an outstanding addition to the Gallant team,” said Gallant Partners Jon Gimbel, Anthony Guagliano, and Desmond Nugent. “Jamie’s extensive experience working with entrepreneurs, investment bankers and corporate executives make her uniquely positioned to source creative and unique opportunities that fit Gallant’s growth-oriented investment strategy.”

Jamie has over 15 years of experience in various senior finance, commercial and business development roles. Most recently, she was the Vice President

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Carlyle promotes Ruulke Bagijn to lead its Solutions platform


This post is by Chris Witkowsky from PE Hub Blog: Human Resources


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Carlyle Group promoted Ruulke Bagijn, co-head of AlpInvest Partners’s primary funds investment team, to lead the firm’s investment solutions platform. Bagijn formerly managed a 40 million euros portfolio of alternative investments at Dutch pension manger PGGM. Carlyle’s solutions group includes AlpInvest and Metropolitan, which focuses on real estate investments. Bagijn succeeds Lauren Dillard, who will move to another organization. Erica Herberg, chief financial officer at Carlyle’s global credit segment, will become CFO for the solutions group. Herberg will take over for Paul de Klerk, CFO and COO of AlpInvest, who will move to a senior adviser role and remain on the AlpInvest board as a non-executive member.

Press Release

Global investment firm The Carlyle Group (NASDAQ: CG) today announced that effective immediately, Ruulke Bagijn has been promoted to Head of Investment Solutions, one of Carlyle’s four reporting business segments, which builds private equity and real

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TA Associates closes Fund XIII on $8.5 bln hard cap


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


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TA Associates closed its thirteenth fund on its hard cap of $8.5 billion, beating its $7.5 billion target. Fund XIII was launched in the first quarter of 2019. TA expects to activate Fund XIII in the second half of 2019.

Press Release

TA Associates, a leading global growth private equity firm, today announced the first and final closing of TA XIII with total commitments at its hard cap of $8.5 billion. Launched in the first quarter of 2019, TA XIII was oversubscribed and exceeded its original $7.5 billion target.

Commitments to TA XIII came from a diverse group of largely existing global investors, including leading public pension plans, sovereign wealth funds, foundations and endowments. As with its predecessor equity funds, TA XIII will focus on equity investments in middle-market growth companies, primarily in opportunities originated and led exclusively by TA. TA’s investments will range from $75-$500

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Blackstone launches impact investing platform to be led by ex-Goldman Sachs executive


This post is by Chris Witkowsky from PE Hub Blog: Human Resources


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Blackstone launched an impact investing platform that will target health and wellbeing, financial access, sustainable communities and green technology. The platform will be led by Tanya Barnes, former managing director in Goldman Sachs’ merchant banking division. The impact platform will sit within Blackstone’s secondaries group, Strategic Partners.

Press Release

Blackstone (NYSE:BX) today announced the launch of a new impact investing platform that will be part of the firm’s Strategic Partners group. The platform will seek to deliver positive financial impact while addressing four specific investment themes— Health & Wellbeing, Financial Access, Sustainable Communities and Green Technologies.

Tanya Barnes, former Managing Director in Goldman Sachs’ Merchant Banking Division, has joined Blackstone as a Managing Director to lead this initiative. The platform will make investments in mission-oriented businesses and managers, unlocking new opportunities for investors.

It will leverage Strategic Partners’ scale and expertise across private equity, real estate and infrastructure by

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TPG closes Tech Adjacencies fund on $1.6 bln


This post is by Chris Witkowsky from Pe Hub Blog: Firms & Funds


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TPG closed its Tech Adjacencies fund on $1.6 billion, beating its $1.5 billion hard cap. Tech Adjacenies provides capital to founders, employees and early investors in tech companies looking for liquidity. The fund also provides structured equity solutions for companies looking for growth capital. David Trujillo, managing partner, and Nehal Raj, partner, lead the Tech Adjacencies fund.

Press Release

TPG, a leading global alternative assets firm, announced today the closing of TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry. TTAD aims to provide flexible capital for founders, employees, and early investors looking for liquidity, as well as primary structured equity solutions for companies looking for additional, creative capital for growth. The fund reached $1.6 billion in capital commitments, surpassing its hard cap of $1.5 billion. TTAD is led by David Trujillo, Managing Partner and Partner, Internet,

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