PE Tech Report

Mergers

Nexteam Group and Ventana Group to merge

Nexteam Group, which is backed by Tikehau Capital and ACE Capital Partners, and Ventana Group are to merge to create an industrial player serving the aeronautics, space and defence sectors.  The new group created, specialising in the aeronautics, space and defence sectors, will be built on its industrial centres of

UniversalCIS merges with Credit Plus

UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry, and Credit Plus, a leading provider of mortgage verifications and business credit reports, have merged their companies.  As a result of the merger, the new company will become the largest in the industry and serve

BrightPay and Relate Software join forces

BrightPay, a provider of payroll and HR software solutions, and Relate Software (Relate), a specialist in post-accounting, practice management and bookkeeping software, have agreed to join forces to create a software company serving payroll and accounting bureaus and SMEs across the Republic of Ireland and the United Kingdom. Paul Byrne,

Cairngorm Capital merges Grant & Stone and IBMG

Cairngorm Capital Partners has merged two of its portfolio companies, Grant & Stone Group and Independent Builders Merchant Group (IBMG), creating a builders’ merchant group with 123 branches, revenues in excess of GBP500 million and over 1,700 employees.  The new Group extends from Cornwall to Kent and comprises builders’ merchants,

SocialChorus and Dynamic Signal combine to form Firstup

SocialChorus and Dynamic Signal, two high-growth SaaS specialists in the digital employee experience (DEX) market have combined to create Firstup, a new company ‘built to reimagine employee connection through transformative workforce communications’.  Firstup reflects a vision for the future of the modern workforce, in which forward-looking, employee-first companies can reach,

CVC and Glendower Capital to establish a strategic partnership in secondaries

CVC, a private equity and credit investment advisory firm, and Glendower Capital (Glendower), a private equity secondaries manager, have agreed to merge and establish a strategic partnership.  The partnership will greatly complement and enhance both firms’ existing businesses and create a combined group with total assets under management of approximately

Genstar Capital-backed Alera Group to merge with Propel Insurance

Alera Group an independent, insurance and financial services firm, is to merge with Propel Insurance Agency (Propel), one of the nation’s top 50 largest privately held insurance brokers.  Headquartered in Tacoma, Washington, Propel’s leading property and casualty capabilities will bolster Alera Group’s presence in the Northwest and Southeast regions, complementing

Ogier advises on USD1.9 billion Kismet–Nexters merger  

Ogier has acted as British Virgin Islands counsel on NASDAQ-listed Kismet Acquisition One Corp’s merger with Cyprus-based Nexters Global Limited, in a SPAC business combination valuing Nexters at an enterprise value of USD1.9 billion. The deal, initially signed at the end of January this year, closed on 27 August following

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