Accel-KKR sells Vyne to TJC


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


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The Jordan Company has acquired Vyne from Accel-KKR. No financial terms were disclosed. Georgia-based Vyne is a provider of secure health information exchange and electronic healthcare communication management solutions.

PRESS RELEASE

ATLANTA, June 25, 2019 /PRNewswire/ — Vyne, a market leader in secure health information exchange and electronic healthcare communication management, announced today it has been acquired by The Jordan Company, L.P., a middle-market-focused private equity firm with original capital commitments in excess of $11 billion. This new investment supports Vyne’s commitment of providing market-leading healthcare technology and support to thousands of dental practices, hospitals and major health systems across the United States.

The acquisition of Vyne from private equity firm Accel-KKR, comes after five years of consistent top and bottom-line growth, as well as a strategic acquisition to expand its product offerings. With the backing of The Jordan Company, Vyne will further expand upon its already robust

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Cortec recaps Aspen Medical Products


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


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Cortec Group has recapitalized Irvine, California-based Aspen Medical Products LLC, a maker of upper and lower spinal orthopedic bracing products. No financial terms were disclosed. Capstone Headwaters was financial adviser to Aspen.

PRESS RELEASE

(New York, NY) – Cortec Group (“Cortec”), a New York-based private equity firm that specializes in investing with entrepreneur and family owners of middle market healthcare, B2B and B2C products and specialty services businesses, announced that on June 10, 2019, a group led by its affiliate, Cortec Group Fund VI, L.P. (“Cortec Fund VI”), in partnership with management, recapitalized Aspen Medical Products, LLC (“Aspen” or the “Company”). Terms of the transaction were not disclosed.

Headquartered in Irvine, California, Aspen is a leading designer, developer, manufacturer and marketer of upper and lower spinal orthopedic bracing products. The Company’s products address patient needs across a wide range of end uses and care settings. Aspen primarily sells

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PE-backed Bromford acquires Accrofab


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


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Bromford Industries, which is backed by Liberty Hall Capital Partners, has acquired Accrofab, a provider of complex fabricated and machined engine bracketry for the global aerospace industry. No financial terms were disclosed.

PRESS RELEASE

CHARLESTON, S.C., BIRMINGHAM, England and DERBY, England, June 25, 2019 /PRNewswire/ — Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the acquisition of Accrofab Limited (“Accrofab”), a leading supplier of complex fabricated and machined engine bracketry for the global aerospace industry, by Bromford Industries (“Bromford”), a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries. Terms of the transaction were not disclosed.

Bromford was acquired in March 2016 by Liberty Hall to serve as the foundational asset for the firm’s strategy to build a diversified engine

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Guidepost Growth Equity takes minority stake in ActiveViam


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


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Guidepost Growth Equity has made a minority investment in ActiveViam, a provider of in-memory data analytics software solutions. No financial terms were disclosed. In addition to the funding, Guidepost’s Russ Pyle and Gene Nogi will join the ActiveViam board of directors.

PRESS RELEASE

BOSTON, June 20, 2019 /PRNewswire/ — ActiveViam, a leading provider of in-memory data analytics software solutions designed for the significant speed and data volume demands of financial service and retail applications, today announced a minority, growth equity investment from Guidepost Growth Equity. This is the first outside investment in the 15-year-old business, which will accelerate innovation and position ActiveViam to extend its leadership position in both the enterprise financial services and retail markets.

ActiveViam’s intuitive, flexible platform aggregates vast amounts of disparate data and drives real-time operational analytics and data visualization, enabling its customers to make better decisions, faster. ActiveViam serves global banks, asset managers, hedge

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PE-led investor group acquires apple cider vinegar producer Bragg


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


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An investor group led by Swander Pace Group, Dragoneer Investment Group and co-investors that include Katy Perry and Orlando Bloom, has acquired Santa Barbara, California-based Bragg Live Food Products Inc, a producer of apple cider vinegar. No financial terms were disclosed.

PRESS RELEASE

SANTA BARBARA, Calif.–(BUSINESS WIRE)–Bragg Live Food Products, Inc. (“Bragg”), one of the oldest and most trusted health and wellness brands and the world’s top producer of apple cider vinegar, today announced that it has been acquired by an investor group led by Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies, Dragoneer Investment Group, a growth-oriented investment firm, and co-investors singer and songwriter Katy Perry, actor Orlando Bloom, and the founder of Pressed Juicery, Hayden Slater.

Founded in 1912 by renowned health advocate Paul Bragg, Bragg is the pioneer of apple cider vinegar, and offers a broad portfolio

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VC-backed Getaround buys Nabobil for $12 mln


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


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Getaround has acquired Norwegian carsharing platform Nabobil for $12 million. Getaround’s investors include SoftBank, Menlo Ventures, Braemar Energy Ventures, Asset Plus, Triangle Peak Partners, SPARX Group, Toyota Motor Corporation, Cox Automotive Inc and SAIC Capital.

PRESS RELEASE

SAN FRANCISCO, June 25, 2019 /PRNewswire/ — Global carsharing leader Getaround today announced the $12M acquisition of Nabobil, expanding the marketplace’s presence to the Nordic region. The rapidly expanding carsharing platform will now operate in seven European countries including Norway, in addition to the markets recently added through the company’s acquisition of Drivy – France, Germany, Spain, Austria, Belgium and the U.K.

Founded in 2015 by Jacob Tveraabak, Karl Munthe-Kaas, Christian Hager, Jenny Sjögren, Theodor Tonum, Thomas Grøndahl and Chris Moen, Nabobil has quickly built a strong user base in Norway with further Nordic expansion underway. Joining Getaround, the world’s leading carsharing marketplace, will expedite growth and improve the carsharing user experience

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Commonfund Capital expands team with new hire


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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Commonfund Capital has appointed Xiaonan Tian as associate director and head of its investment office in Beijing, China. Previously, Tian worked at The Hongkong and Shanghai Banking Corporation where she was senior vice president in structured banking.

PRESS RELEASE

Wilton, CT June 25, 2019 – Commonfund Capital, the private capital subsidiary of Commonfund, announced today the appointment of Xiaonan Tian as Associate Director and Head of its investment office in Beijing, China. Xiaonan will be responsible for the oversight of due diligence, manager selection, investment monitoring and portfolio construction for the firm’s private equity and venture capital investment management programs in the Asia-Pacific basin.

Xiaonan joins Commonfund Capital from The Hongkong and Shanghai Banking Corporation (HSBC) where she served as Senior Vice President in Structured Banking and built relationships with leading private equity and venture capital players across China. Before HSBC, she spent more than seven years with Deutsche Bank’s

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Orderful fetches $10 mln Series A


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


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San Francisco-based Orderful, a SaaS platform connecting the world’s supply chain through modernizing electronic data interchange, has raised $10 million in Series A funding. Andreessen Horowitz led the round. In conjunction with the funding, David Ulevitch, general partner at Andreessen Horowitz, will join the board.

Source: Press Release

Santé Ventures taps McWilliams as venture partner


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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Austin-based Santé Ventures, a healthcare and life sciences investment firm, has appointed Dennis McWilliams as a venture partner. McWilliams is the founder of SparkMed Advisors.

PRESS RELEASE

AUSTIN, Texas, June 25, 2019 /PRNewswire/ — Santé Ventures, a healthcare and life sciences investment firm specializing in early-stage companies developing innovative new medical technologies, biotechnologies, digital health technologies, and healthcare services, announced today the appointment of Dennis McWilliams as Venture Partner based in Austin.

As a serial entrepreneur, McWilliams has created numerous successful medical device and biopharmaceutical companies. In his new role at Santé Ventures, McWilliams will grow the firm’s Entrepreneur Program by partnering with and mentoring entrepreneurs and creating new ventures for the fund.

“Dennis has a proven-track record for bringing creativity, energy, and intellect to the process of building new ventures in life sciences,” said Kevin Lalande, Managing Director and Co-Founder of Santé Ventures. “We welcome Dennis to the

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