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Private equity has owned Realtime Electronic Payments, or Repay, for much of the past decade, but the Atlanta payments company may find itself sold to a strategic buyer. After months of rumors, Repay is finally on the block, sources said. Corsair Capital is the seller; Financial Technology Partners is advising on the process, sources said. First-round bids for Repay […]
Encore Consumer Capital, a consumer-focused PE firm, is adding bacon to its roster of companies, which includes Brownie Brittle, Cece’s Veggie Noodle and Full Sail Brewing. The San Francisco buyout shop has invested in Tender Belly LLC. The Denver company is known for its signature dry-cured bacon, which takes two weeks to make and is cherry-wood […]
Freeman & Co, a boutique investment bank, has sued Tony Seto, a former executive director, claiming he stole “highly confidential trade secrets” when he left and joined a rival bank. In a lawsuit filed in U.S. District Court in Manhattan, Freeman, of New York, alleged that Seto attempted to woo clients before he resigned, uploaded proprietary information […]
Golub Capital, one of the biggest middle-market lenders, is considering selling a minority stake to an outside investor, a source familiar with the process said. Golub is looking at divesting 15 percent, the person said. The stake would be passive, the source said. Golub has hired a financial adviser, believed to be JP Morgan, the […]
WM Partners has attained the dream of emerging managers everywhere: Less than a year after raising its debut fund, the Fort Lauderdale, Florida, PE firm is set to launch its second pool after scoring a major exit, two sources said. WM Fund II is targeting $400 million with a $500 million hard cap, the people said. Fundraising […]
After nearly a dozen years, Andrew Cantwell has left Norwest Equity Partners to build a new firm with the backing of a well-known family office. Cantwell is president, CEO and managing partner of Carlson Private Capital Partners, which officially launched May 1. The Minnetonka, Minnesota, private equity firm formed its first committed investment platform, which will […]
Chris Williams, a partner at Twin Brook Capital Partners, has taken an “indefinite leave of absence” from the middle-market lender, according to a March 12 letter sent to investors. Williams, along with Partner Trevor Clark, launched Twin Brook in 2014. The Chicago-based firm is the mid-market direct lending business of Angelo Gordon & Co, focusing on loans to companies […]
Trevor Rich in 2010 joined Lovell Minnick Partners, where he has focused on financial technology. He was promoted to partner in January. Lovell Minnick, Radnor, Pennsylvania, was once known for its asset-management deals but has expanded into business services, specialty finance, insurance and fintech. Strategics are buying up many U.S. payments companies. This is causing larger […]
Webster Capital is back in the market with its fourth flagship fund. The Waltham, Massachusetts, private equity firm is targeting $650 million for Webster Capital IV LP, Pennsylvania Public School Employees’ Retirement System documents dated Feb. 9 show. The hard cap for Webster IV is $800 million, the PSERS documents said. The firm’s last fund, Webster Capital III […]
Prelude Growth Partners, launched by former L Catterton and J&J executives, has closed its debut fund on $80 million for growth investments in consumer brands. Launched in the fall, Prelude Growth Partners I LP surpassed its $50 million target during its four-month fundraise. Investors included university endowments and charitable foundations, and other prominent institutional investors. Prelude did not […]