manoj.b@eempl.com

Parthenon Capital Partners, which has invested in Cayan and BillingTree, is apparently taking a stake in another payments company. The private equity firm is investing in Payroc, according to a filing on the FTC site. The Oct. 11 post did not disclose financial terms. M&A transactions, those valued at a minimum of $90 million or […]

Fiserv’s sale of its United Wealth platform has attracted the interest of several private equity firms, sources said. As many as eight buyouts shops and a strategic were interested in the Fiserv unit, which provides technology and services, including financial advice management, portfolio management and billing services, for retail brokers, people said. Fiserv recently asked […]

Private equity is out of the running for Capsilon, four sources said. Several PE firms, including TowerBrook Capital Partners and Aquiline Capital Partners, bid for Capsilon but were rejected, one of the sources said. A strategic has pre-empted the auction, people said. Sources pointed to Ellie Mae, which is backed by Thoma Bravo, as the […]

TriArtisan Capital Advisors is in talks to buy the chunk of TGI Fridays that it doesn’t already own, two sources said. Sentinel Capital, which has a majority stake in TGI, is selling, the people said. Other investors are also exiting, one of the sources said. It’s unclear how much TriArtisan is paying. TriArtisan is an […]

Docutech, a provider of compliance and documentation technology, is weighing a sale, five sources said. The Idaho Falls, Idaho, company is not on the block right now, two of the sources said. Docutech recently hired Raymond James after receiving inbound interest, the people said. An official process will likely come later in 2019 or early […]

Lovell Minnick Partners has put Keane Unclaimed Property up for sale after more than five years, four sources said. Clearsight Advisors is running the process, two of the people said. Keane is approaching $10 million Ebitda, one of the four sources said. Keane, of New York, helps identify and reunite consumers with their lost assets. […]

Scott Leach has left Aquiline Capital Partners after more than five years, two sources said. Leach, an investment professional at Aquiline, focused on fintech. He joined the middle market firm in June 2014, his LinkedIn profile said. The reason for his exit was not clear, but his departure from Aquiline was recent, one of the […]

Four years after selling Gold Standard Baking, Arbor Investments is again reuniting with the Caparos brothers to buy another baker. Arbor said Tuesday, Oct. 1 that it recapitalized the Bakery Cos, taking a majority stake. Financial terms weren’t announced. Founders Cordia and Tom Harrington are retaining a stake, while the Caparos brothers are also investing. […]

Just nine months since joining one of the world’s biggest multi-asset managers, Jon Korngold is putting the finishing touches on Blackstone Group’s new growth equity platform. Korngold assembled a team of about 20 executives, he said during a keynote address at PartnerConnect West earlier this month. This includes Ram Jagannath, formerly of Carlyle Group and […]

So far, 2019 is shaping up as the year insurtechs gained prominence with investors and when mergers sharply reduced the number of large payment processors. Fintech M&A surged this year, thanks mostly to several large payment transactions. Globally, there have been 626 announced fintech deals as of Sept. 9, valued at $185.5 billion, according to […]