LBO France has acquired a majority stake in the capital of the Passman group. The company’s two co-founding managers have also invested as part of the deal, while Andera Partners is reinvesting via its ActoMezz team. This acquisition is in keeping with LBO France’s Small Cap strategy dedicated to growing

Bowmark Capital is backing the buy-out of Pirum Systems, a provider of post-trade market infrastructure technology for the global securities finance industry, from Five Arrows Principal Investments.  The transaction, which is subject to regulatory approval, is expected to complete in April 2019.   Founded in 2000, Pirum provides a secure,

Envestnet (NYSE:ENV), a provider of intelligent systems for wealth management and financial wellness, is to acquire PIEtech, creator of the MoneyGuide family of financial planning applications, a goals-based product used by financial advisors. “Financial planning is a key component of our vision for enabling Financial Wellness,” says Jud Bergman, Chairman