Investcorp funds Contentserv


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Contentserv, a Swiss product experience platform, has secured an undisclosed amount of funding. The investor was Investcorp Technology Partners.

PRESS RELEASE

Baar, Switzerland — July 18, 2019 — Contentserv, the global Product Experience Platform (PXP) leader, today announces that Investcorp Technology Partners, a leading European middle-market technology investor, has heavily invested in the aspiring software company. Contentserv enables brands and retailers to deliver a rich, relevant and emotional product experience to its customers.

Investcorp Technology Partners is a market leader in investing in medium-sized technology companies in the areas of software, data/analytics, cybersecurity, and Fintech/payment transactions. As one of the most recognized global tech investors, they support profitable companies with clear and identifiable growth drivers who are also leaders in their business sectors. As a pioneer in the European private equity market, Investcorp has been investing in Europe since 1985 and with total Assets under Management (AUM) of $26.

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Montage and Delvern invest in Advantco


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


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Montage Partners and Delvern Capital has made an investment in Raleigh, North Carolina-based Advantco International LLC, a provider of software adapters. No financial terms were disclosed.

PRESS RELEASE

SCOTTSDALE, Ariz. and RALEIGH, N.C., July 18, 2019 /PRNewswire/ — Montage Partners, a people-first private equity firm based in Scottsdale, Arizona, and Delvern Capital announced today an investment in Advantco International LLC. Montage Partners is supporting incoming President, Nick Persavich, of Delvern Capital with equity to nurture growth initiatives and acquire a stake in Advantco from founder and CEO Michael Le.

Based in Raleigh, North Carolina, Advantco serves leading global companies with best-in-class software adapters that automate the integration of various enterprise applications with ERP systems, including SAP and Oracle. Additionally, Advantco provides offshore software development services from the company’s offices in Vietnam and provides on-site enterprise software implementation and integration services to prominent companies across the U.S.

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OpenGate Capital buys Duraco


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


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OpenGate Capital Management has acquired Forest Park, Illinois-based Essentra Specialty Tapes, a B2B manufacturer of specialty tapes. No financial terms were disclosed. Essentra Specialty Tapes will operate under the name Duraco Specialty Tapes LLC.

PRESS RELEASE

FOREST PARK, ILL. (PRWEB) JULY 16, 2019
Essentra Specialty Tapes, formerly a wholly owned subsidiary of Essentra PLC, has been acquired by certain private equity funds managed by OpenGate Capital Management, LLC. Essentra Specialty Tapes will operate under the name Duraco Specialty Tapes LLC (“Duraco”).

Duraco already has a strong brand equity established within the market for over 70 years. This partnership will allow Duraco to unlock its’ full potential, continue to support a robust growth strategy, and provide further access to achieve the core values of the company.

The acquisition of Duraco by OpenGate Capital will enable the business to reach and serve new markets, enhance internal technologies and platforms while enhancing

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Gemspring-backed TMP buys Perengo


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


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TMP Worldwide, a portfolio company of Gemspring Capital, said July 17 that it acquired Perengo. Financial terms weren’t announced. Perengo provides a programmatic recruitment platform that aims to help large companies automate and improve their recruitment process.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–TMP Worldwide, a global leader in talent acquisition technologies, announced that it has acquired Perengo, a programmatic recruitment platform that helps large companies automate and improve their recruitment process. The Perengo team, with experience rooted in state-of-the-art ad-tech, has developed a pioneering, AI-driven programmatic recruitment platform. By combining Perengo’s technology with TMP’s TalentBrew platform’s proprietary network intelligence, the outcome is an offering that will be transformative to our customers. TMP Worldwide can now deliver end to end, personalized candidate experiences via an AI driven, multi-channel candidate acquisition strategy optimized to meet quality, efficiency and time-to-fill objectives for each job.
“The acquisition of Perengo further advances our commitment

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PE-backed Mammoth acquires Time Express


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Mammoth Holdings has acquired Atlanta-based Wash Time Express Inc, a single-unit express conveyor car wash. No financial terms were disclosed. Mammoth is backed by Red Dog Equity LLC.

PRESS RELEASE

ATLANTA, July 15, 2019 /PRNewswire/ — Mammoth Holdings, LLC (“Mammoth”), an Atlanta-based express conveyor car wash operator, has acquired Wash Time Express, Inc., a single-unit express conveyor car wash located in Austell, Georgia. Wash Time Express’s founder, Richard Bailey, Jr., invested a significant amount of his proceeds from the sale into Mammoth and will join the Mammoth team as an operations consultant.

Gary Dennis, Mammoth’s co-founder and CEO explained, “Adding Wash Time Express to the Mammoth family of brands expands our presence in the greater-Atlanta market and gives our customers a new wash option.” Dennis added, “We’re particularly excited to have the opportunity to serve Wash Time’s customers and provide them with the convenience and service

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Graduway raises $60 mln from K1 Investment Management


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Graduway said July 16 that it raised a $60 million investment from K1 Investment Management. Graduway, of London, provides alumni engagement and career services management software for educational institutions and non-profit organizations.

PRESS RELEASE

LONDON, July 16, 2019 /PRNewswire/ — Graduway, the global leader in alumni engagement and career services management software for educational institutions and non-profit organizations, today announced a $60 millioninvestment from K1 Investment Management, a leading private equity firm focused on enterprise software.
The company has established itself as a thought leader in both the alumni relations and career services industry over the last few years while simultaneously building a category-defining platform. With K1’s investment, Graduway has been able to rapidly expand its product suite from alumni relations into career services and development, mirroring the integration trend seen in the industry.
“Our partnership with K1 has provided our team with a powerful edge and set of capabilities

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Blackstone to acquire Vungle


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


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Blackstone has agreed to acquire San Francisco-based Vungle, a performance marketing platform for in-app video advertisements on mobile devices. No financial terms were disclosed. The deal is expected to close later this year. Goldman Sachs is serving as financial adviser to Vungle while Guggenheim Securities did likewise for Blackstone.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have agreed to acquire Vungle, a leading performance marketing platform for in-app video advertisements on mobile devices.

Vungle is trusted by publishers of more than 60,000 mobile apps worldwide, including top brands such as Rovio, Zynga, Pandora, Microsoft, and Scopely, among others. The company serves more than 4 billion video views per month on over a billion unique devices, and is consistently ranked #1 for cross-platform user retention by industry mobile performance indexes. Vungle is headquartered in San Francisco with offices in London, Berlin,

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Ezlo Innovation acquires Centralite Systems


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


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Ezlo Innovation has acquired Alabama-based Centralite Systems, a maker of smart home devices. No financial terms were disclosed. Ezlo Innovation is backed by MAVeCap.

PRESS RELEASE

CLIFTON, N.J.–(BUSINESS WIRE)–Ezlo Innovation, a global leader in the development of smart solutions for homes and businesses, today announced the acquisition of Alabama-based Centralite Systems, maker of the Centralite line of consumer and white-labeled smart home devices. The acquisition adds another strategic piece to Ezlo’s growing family of brands, and gives their customers even more choice in which smart products they use to add convenience and comfort to their everyday lives.

With the acquisition, Ezlo Innovation expands its product portfolio to include smart thermostats, switches, and sensors, which will integrate seamlessly with its Vera controller and camera product lines. The acquisition moves Ezlo closer to its goal of becoming a technology-agnostic platform, and its stated promise to connect to everything in

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Syndigo buys WiseBase


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Syndigo, a portfolio company of The Jordan Co, said July 15 that it acquired WiseBase. Financial terms weren’t announced. WiseBase is a product content and technology company.

PRESS RELEASE

Leading Database and Technology Company Provides Product Content Management Solutions in Europe
CHICAGO, July 15, 2019 /PRNewswire/ — Syndigo, a Chicago-based leading provider of verified product content syndication services, and a portfolio company of The Jordan Company (“TJC”), today announced the acquisition of WiseBase, an innovative product content and technology company with clients across Europe. The move strengthens Syndigo’s global footprint, providing clients with broader access to retailer networks, in-country client service expertise, and a further expanded library of digital product content.
“Many of our clients are global enterprises with aspirations for further geographic reach,” said Syndigo CEO Paul Salay. “With this strategic acquisition, we are strengthening our coverage in Europe to provide added value to our clients, delivering

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Ardian-based 2i Aeroporti acquires majority stake in Trieste Airport


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


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2i Aeroporti, which is backed by Ardian, has acquired a 55 percent stake in Italy-based Trieste Airport. The purchase price was 32.8 million euros.

PRESS RELEASE

Trieste-Milan, July 12 2019 – 2i Aeroporti finalized the acquisition of a 55% stake in Aeroporto Friuli Venezia Giulia S.p.A. for a total value of EUR 32.8 million. The Friuli Venezia Giulia Region will maintain a 45% stake. 2i Aeroporti is co-controlled by F2i sgr and a consortium led by Ardian Infrastructure.

Thanks to this agreement, Trieste airport becomes part of one of the largest Italian airport networks, which includes the airports of Naples, Turin, Alghero, Milan (Linate and Malpensa), Bologna and, indirectly, Bergamo. In 2018, the airports of the 2i Aeroporti network handled c. 71 million passengers, corresponding to 39% of national traffic, with an aggregate turnover of around EUR 1.2 billion.

“Through this deal the

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Acorn Growth buys Black Sage


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


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Acorn Growth Companies has acquired Boise, Idaho-based Black Sage Technologies, a provider of counter-unmanned aircraft systems solutions. No financial terms were disclosed.

PRESS RELEASE

July 12, 2019– OKLAHOMA CITY – Acorn Growth Companies, a private equity firm investing exclusively in aerospace, defense and intelligence, announced today the acquisition of Black Sage Technologies (Black Sage), the market leader in the development, integration and deployment of counter-unmanned aircraft systems (C-UAS) solutions, headquartered in Boise, Idaho.

As a leading developer of C-UAS solutions, Black Sage identifies, classifies, tracks and defeats UAS threats for military, government, law enforcement, and civil applications. Black Sage employs a hardware-agnostic approach to integrating best-of-breed sensors with its proprietary artificial intelligence-enabled target tracking and defense automation systems to provide adaptable, end-to-end C-UAS systems.

“The acquisition of Black Sage strengthens our already robust defense portfolio of businesses focused on protecting the interests of the United States and its allies,”

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PE-backed Valet Living buys WasteRetriever


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


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Valet Living has acquired WasteRetriever, a doorstep trash and recycling collection company. No financial terms were disclosed. Valet Living, which is backed by Ares Management LP and Harvest Partners LP.

PRESS RELEASE

TAMPA, Fla., July 11, 2019 /PRNewswire/ — Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, acquires doorstep trash and recycling collection company, WasteRetriever.

Valet Living’s interest in WasteRetriever stems from many parallels between the two companies, including alignment on core values. Valet Living’s leadership standards include: being better tomorrow, developing its talent, driving growth and scalability and embracing servant leadership, the leadership philosophy in which the leader’s main goal is to serve. WasteRetriever also exemplifies these standards in the way it runs its company.

“When we are searching for strategic acquisitions, we greatly weigh how a company fits within Valet Living’s beliefs and values, because our people are most important

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PE-backed Mirion acquires Capintec


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


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Mirion Technologies, which is backed by Charterhouse, has acquired Capintec Inc, a provider of calibration and measurement technologies for nuclear medicine applications. No financial terms were disclosed.

PRESS RELEASE

On July 9, 2019, Mirion Technologies (“Mirion”) acquired Capintec, Inc. (“Capintec”), a leading supplier of calibration and measurement technologies for nuclear medicine applications. The acquisition of Capintec is consistent with Mirion’s inorganic strategic expansion plan, which is focused on enhancing Mirion’s portfolio of industry leading technology offerings across a range of core and adjacent end markets.

To fund its expansion plan, Mirion closed a $34 million add-on to its term loan B on July 8, 2019 with Morgan Stanley Senior Funding, Inc. serving as lead arranger. The add-on financing was well received by lenders as it priced at the tight end of initial price talk and was oversubscribed. Consistent with management’s strategic roadmap, Mirion has engaged financial advisors

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Matterport to buy VC-backed Arraiy


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


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Matterport is planning on acquiring Palo Alto, California-based Arraiy, a computer vision and machine learning platform for the motion picture and television industry. Arraiy’s backers included Lux Capital, Softbank Ventures, Dentsu Ventures, Cherry Tree Investments, IDG Capital and CRCM Ventures.

PRESS RELEASE

SUNNYVALE, Calif., July 10, 2019 /PRNewswire/ — Matterport, the world leader in 3D capture technology and data, announced today that it intends to acquire Arraiy, the pioneer behind breakthrough machine learning and computer vision technology that allows visual creators to integrate real and virtual worlds.

Matterport introduced the category of affordable 3D capture for business and has increased adoption of 3D capture and visualization technology across industries, including architecture, engineering and construction (AEC); insurance, restoration, and property claims; travel and hospitality; residential and commercial real estate; among others. Arraiy has developed a self-improving artificial intelligence (AI) software that leverages machine learning and computer vision to unlock

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Signavio raises $177 mln


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


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Signavio said July 11 that it raised $177 million led by Apax Digital, the growth equity team of Apax Partners. DTCP invested in the deal. Existing investor Summit Partners will retain an equity stake in the business. Signavio provides business transformation software.

PRESS RELEASE

BERLIN & NEW YORK–(BUSINESS WIRE)–Signavio, a leading provider of business transformation solutions, today announced a $177 million investment to fuel continued international expansion and further investment in its world-class software suite. The transaction was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
Signavio’s Business Transformation Suite enables its over 1,300 customers to effectively mine, model, monitor, manage and maintain their business processes. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, helping place process at the very heart of organizations. Signavio has grown

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Marlin Equity buys HotSchedules, Fourth


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


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Marlin Equity Partners said July 10 that it acquired HotSchedules and Fourth. Financial terms weren’t announced. HotSchedules and Fourth provide workforce, inventory and operations management solutions to the global restaurant and hospitality industry.

PRESS RELEASE
Marlin completes the acquisition of HotSchedules and Fourth
LOS ANGELES, July 10, 2019 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired HotSchedules and Fourth, two leading providers of workforce, inventory and operations management solutions to the global restaurant and hospitality industry. Marlin has merged the two companies to create the industry’s most comprehensive back-of-house software-as-a-service (SaaS) suite delivering a fully integrated inventory management, workforce management, payroll and intelligent cost-control operations platform. The combined company’s software solutions now serve customers in over 120,000 locations worldwide, with employees spread globally across offices in the U.S., APAC and U.K. Insight Partners (“Insight”) has partnered with Marlin in the transaction and

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Palo Alto Networks acquires container security firm Twistlock for $410 mln


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


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Palo Alto Networks has acquired Twistlock, a container security company, for about $410 million in cash. Twistlock’s backers included Iconiq Capital, Dell, YL Ventures, Ten Elevent Ventures and Polaris Partners.

PRESS RELEASE

SANTA CLARA, Calif., July 9, 2019 — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today that it has completed its acquisition of Twistlock, the leader in container security, to extend its Prisma™ cloud security strategy. This acquisition will further advance the company’s ability to secure today’s modern applications throughout the entire life cycle, enabling organizations to deliver innovations that are secure, reliable, and scalable.

“As a growing number of organizations move their business to the cloud, developers increasingly rely on cloud-native technologies such as containers and serverless infrastructure to accelerate the development, testing, and deployment of modern applications and services,” said Nikesh Arora, CEO of Palo Alto Networks. “We are excited to welcome

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