piotrk

TPG has received bids for Wind River Systems, an internet-of-things software provider, people familiar with the process told Buyouts. The firm, which started an informal auction process for Wind River in response to inbound interest in the company, received second-round bids in early August, one source familiar said. Clearlake Capital, Francisco Partners, Marlin Equity Partners […]

OpenGate Capital Partners, which is out fundraising for its latest flagship, scored its fifth investment this year. OpenGate said Aug. 19 that it acquired InRule Technology Inc. Financial terms weren’t announced. Founded in 2002, InRule provides enterprise software that helps businesses to automate their decisions. The Chicago company has more than 400 customers, including American Express, […]

The number of worldwide private equity funds to hit the market has been increasing over time, and has almost reached 4,000 funds at the start of Q3 2019, according to Preqin’s Quarterly Update: Private Equity & Venture Capital Q2 2019. North America and Asia are the most attractive fundraising markets, with more than 1,500 funds […]

Despite reaching the dog days of summer, U.S.-based buyout and mezzanine fundraising continues to soar. Since the last issue of Buyouts, fundraising added another $10 billion to its year-to-date total, which is now at $226 billion—$100 billion more than at this point in 2018. ArcLight Capital Partners led the charge. The Boston-based firm raised $3.5 billion […]

The largest firms and funds, which target $1 billion or more, make up just 5 percent of the market, but they account for almost two-thirds of all capital sought, according to Preqin. Almost half of the funds in the market (46 percent) are competing to secure just 4 percent of all capital targeted. Download the […]

NexPhase Capital is set to make more than 5x multiple on its investment in Inside Real Estate, a provider of cloud-based real estate software, sources familiar with the deal told Buyouts. NexPhase sold the company to Lovell Minnick Partners on Aug. 20, the people said. Post-sale, the firm is set to realize more than 5x gross multiple on invested […]

Emerging private equity fund managers bounced back from their least successful fundraising period, though fundraising still remained relatively sluggish. Five emerging managers raised just over $1 billion from July 31 through Aug. 13, according to Buyouts data. Year to date, new managers have raised a combined $39.5 billion, according to Buyouts. Chicago Pacific Founders raised […]

After walking away from a transaction earlier this month, Centerbridge Partners and GoHealth have renegotiated terms to clinch a deal valued at approximately $1.5 billion, including a potential earnout, according to people familiar with the matter. Centerbridge said Monday it had agreed to invest in GoHealth, a fast-growing Chicago company that helps individuals shop for […]

Hg is warming up to sell Achilles, a data provider of supply chain information, in the fourth quarter, three sources familiar with the process told Buyouts. Barclays Capital is involved in the company’s sale, the people said. But no banker has been formally appointed, according to one of the sources close to the firm. The […]

Ram Jagannath, who was set to join a firm launched by former KKR executive Alex Navab, has joined Blackstone Group to lead healthcare efforts for its new growth-equity strategy, according to people familiar with the matter. Jagannath left Carlyle Group in April to join Navab Capital Partners; however, the firm announced it would be winding […]