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Primus Capital is selling its stake in Forte Research Systems after more than four years, according to an FTC filing. Genstar Capital is the buyer, an Aug. 23 notice on the FTC site said. Financial terms weren’t disclosed. M&A transactions valued at a minimum of $90 million are required to be reported to the FTC […]

Nearly two weeks after iPipeline sold for a large number, another insurtech is up for sale. NexPhase Capital has put Insurance Technologies LLC on the block, three sources said. William Blair is advising on the transaction, two of the people said. Founded in 1995, Insurance Technologies provides software and sales automation platforms to insurance and […]

Accel-KKR made more than 5x its money with the sale of Jaggaer, a source said. The Menlo Park, California private equity firm said Aug. 15 that it completed the sale of Jaggaer to Cinven, a European buyout shop. The transaction, announced in July, valued Jaggaer at $1.6 billion, the person said. Cinven acquired a majority […]

The technology for spray tanning has evolved to such an extent that users no longer need fear the dreaded orange hue, according to John S. Castle, president and CEO of Branford Castle. “If done right, the spray tan is better than a natural look,” said Castle. “It’s even, it’s beautiful. It’s a great look.” “There’s […]

Genstar Capital’s sale of Mercer Advisors is progressing with bids due later this month, two sources said. Parties offering less than $600 million were “kicked out of the process,” one of the two sources said. The auction has attracted private equity firms including General Atlantic, ABRY Partners and GTCR, the people said. Bids could spill […]

GPS Capital Markets, a foreign corporate exchange brokerage, is up for sale, three sources said. Citi is advising on the process, the people said. GPS, of Salt Lake City, Utah, provides corporate foreign exchange services to help companies manage their foreign currency risks. The company provides payment processing, FX hedging and exposure management. Al Manbeian […]

Vista Equity Partners may have lost its bid for eFront, but the tech-focused buyout shop has won AltaReturn, two sources said. Robert Smith’s private equity firm is buying AltaReturn for around $500 million, the people said. The deal was signed last week, one of the sources said. Buyouts reported on July 19 that Vista Equity […]

Bill Shen left Encore Consumer Capital after nearly 11 years to join an independent sponsor. Shen was most recently a managing director at Encore, which he joined in July 2008, his LinkedIn said. Encore is a San Francisco private equity firm that invests in food and consumer products companies with a minimum of $10 million […]

Most portfolio CFOs think they are doomed to fail, while believing they operate under unfair reporting conditions, according to a survey from Accordion. Sixty-six percent of CFOs questioned are more concerned about job security once a deal closes, the report “The State of the PE Sponsor-CFO Relationship” said. Of the 66 percent, 58 percent think […]

Lightyear Capital is expected to more than triple its money with the sale of Wealth Enhancement Group, according to a source. TA Associates said Wednesday, July 31, that it acquired the Plymouth, Minnesota, firm. Financial terms weren’t announced. Wealth Enhancement produced pro-forma, run-rate Ebitda of $35 million, Buyouts reported in July. The company sold for […]