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Private equity has been nearly shut out of the auction for Realtime Electronic Payments, or Repay, according to a source. First-round bids for Repay were due June 22 at 5 p.m., the person said. The auction attracted 16 private equity firms; those that bid below $700 million were kicked out, the source said. Only one […]
Harriet Habert, a senior investor relations director, has left WL Ross & Co after a little more than a year. A person answering phones at WL Ross said Habert no longer works at the firm. Habert exited in April and is on gardening leave, two sources said. She is still listed on the Invesco site […]
CVC Capital Partners and Leonard Green & Partners stand to quintuple their money when BJ’s Wholesale Club Holdings Inc goes public next week. BJ’s is expected to price its initial public offering on June 27 and trade the next day, a source said. The retailer is offering 37.5 million shares at $15 to $17 each. […]
The auction of Cetera Financial has moved into the second round, sources said. Private equity is dominating the process with Lightyear Capital in the lead, sources said. Lovell Minnick Partners is still in the hunt and partnering with another firm on a bid, people said. It’s unclear who that firm is. GTCR and Reverence Capital […]
Payments companies may be hot, but months after going up for sale, Cielo SA has yet to announce a buyer for Merchant e-Solutions. Cielo put MeS on the block last fall, seeking $500 million to $750 million, Buyouts reported. Goldman Sachs is advising on the process, the story said. The auction was expected to attract private equity […]
Warburg Pincus is nearly quadrupling its money with the sale of FacilitySource, more than five years after investing in the company, a source said. CBRE Group said June 12 it acquired FacilitySource for $290 million. CBRE, a real estate services firm that trades on the New York Stock Exchange, employs 80,000 people globally. Its main […]
Dobbs Equity Partners, a family office, has invested in Corky’s BBQ. Terms weren’t disclosed. Founded in 1984, Corky’s is a Memphis BBQ legend known for its pulled pork, ribs, sauces and sweet tea. Dobbs Equity has invested alongside Corky’s co-owners Andy Woodman and Barry Pelts, the son of founder Don Pelts. “While we are a family […]
PEI Media, known for its publications that report on the private equity industry, is changing PE owners. Bridgepoint, the U.K. buyout shop, is acquiring a majority of PEI. Terms weren’t disclosed. PEI, London, publishes titles including Private Equity International, Private Debt Investor and Secondaries Investor. It competes with Buyouts Insider with its coverage of the PE […]
FTV Capital, the San Francisco growth firm, again has put Aspire Financial Services up for sale, three sources said. FTV has not hired a banker this time around. Instead, the firm is reaching out to select parties, one of the sources said. Aspire, of Tampa, Florida, provides retirement-plan solutions to small and medium-sized businesses. The […]
Ingenico Group is in talks to buy Hyperwallet Systems Inc, three sources said. The Paris payments company is paying $400 million for Hyperwallet, two of the sources said. Vancouver-based Hyperwallet supplies B2C and peer-to-peer services for corporations and financial institutions. Hyperwallet went up for sale earlier this year. Raymond James is advising on the process, […]