Global private equity investor Advent International (Advent), and Wilbur-Ellis, one of the largest family-owned companies in the world, are to merge their life sciences and specialty chemicals solutions businesses, Caldic BV (Caldic) and Connell.

HIG Capital (HIG), a global alternative investment firm with over $50 billion of equity capital under management, has sold its portfolio company Salary.com to Accel-KKR. Terms of the transaction have not been disclosed. Based in Waltham, Massachusetts, Salary.com is a specialist in cloud-based compensation software and data solutions, serving more than 8,000 software subscribers and 60 million employees globally. The company’s software products and analytical capabilities enable enterprises, small businesses, and individuals to be on the cutting edge of compensation trends, best practices, and policies. HIG acquired Salary.com from IBM Kenexa in December 2015. During HIG’s ownership, Salary.com relaunched its

An affiliate of technology and US government investment firm Veritas Capital (Veritas) is to acquire CAES Space Systems, an independent supplier of high-reliability electronic solutions for space, defence, healthcare and industrial applications, from CAES.  Mike Elias, Senior Vice President & Division General Manager, will continue to lead CAES Space Systems, alongside the rest of the leadership team.  Financial terms of the transaction have not been disclosed. Headquartered in Colorado Springs, CAES Space Systems provides radiation hardened components, mission processing, cabling, wave guides, antennas and power management solutions. The Company’s track record of innovation, rich intellectual property portfolio and best-in-class engineering

OpenGate Capital, a global private equity firm, has exited its investment in InRule Technology (InRule), an intelligence automation platform, through a sale to Pamlico Capital. Financial terms of the deal have not been disclosed. Headquartered in Chicago, Illinois, InRule provides integrated decisioning, machine learning and process automation software that enables IT and business leaders to make better decisions faster, operationalise machine learning, and improve complex, mission-critical processes. OpenGate’s initial investment came in 2019 and marked InRule’s first institutional capital raise. Over the past three years, OpenGate supported significant product and go-to-market investment while partnering with InRule’s management team on a

Private equity giant Blackstone is to make a $500 million strategic investment in Resolution Life as part of a wider plan that will see the global life and annuity insurance consolidation business raise $3 billion in new equity capital commitments. The additional funding, which will bring the company’s overall equity capital base to more than $8 billion, will be raised through a newly established perpetual capital vehicle with Blackstone serving as the General Partner and the majority of Resolution Life’s existing investors expected to roll their investments into this vehicle. Nippon Life, the largest existing investor in Resolution Life, supports

Clearlake Capital Group and Clearlake operating advisor Sam Soni have acquired Ticket Evolution Inc (Ticket Evolution), an end-to-end software provider for the event ticketing industry.  The acquisition was completed through Victory Live, an event management and ticketing technology platform backed by Clearlake and Soni, who is a specialist in the multi-billion-dollar premium ticket and sports hospitality event industry.  Financial terms of the transaction have not been disclosed.   Ticket Evolution manages thousands of sports and events tickets on behalf of both professional ticket resellers and rightsholders through an established B2B marketplace with distribution capabilities. The Company’s offerings include both a

An affiliate of Turnspire Capital Partners (Turnspire) has sold Turnspire portfolio company UPG Company (UPG) to The Partner Companies (TPC). Terms of the transaction have not been disclosed. UPG is a designer, manufacturer and assembler of highly engineered components for data centre, healthcare, energy and diversified industrial end-markets. Headquartered in Houston, Texas, UPG also operates manufacturing facilities in Wales, United Kingdom and Suzhou, China, enabling it to serve customer needs on both a local and global basis.  Since carving out UPG from MedPlast, Inc in 2016, Turnspire and management have transformed the business from a non-core subsidiary into an independent,

Independent power producer Sunly has raised around €200 million to build and expand its renewable energy portfolio in the Baltics and Poland. The capital raise includes investments from Sunly’s existing shareholders and new investor Mirova, a French asset manager dedicated to sustainable investing, and an affiliate of Natixis Asset Management. Mirova, which has been active in the energy transition infrastructure sector for 20 years and has financed more than 330 projects for a total of over 6.5 GW of potential generation capacity across Europe and Asia, is now Sunly’s  largest investor. Mirova recently closed its fifth energy transition infrastructure fund

Vista Equity Partners (Vista) is to acquire KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platforms, in an all-cash transaction valued at approximately $4.6 billion on an equity value basis. Under the terms of the merger agreement, KnowBe4 stockholders will receive $24.90 per share in cash upon completion of the proposed transaction. The per share purchase price represents a 44 per cent premium to the Company’s unaffected closing price on September 16, 2022, the last full trading day before Vista publicly disclosed its initial non-binding acquisition proposal on its Schedule 13-D.  As disclosed by KnowBe4

Software buyout firm Thoma Bravo has agreed a $2.3 billion all-cash deal to take ForgeRock private just over a year after the digital identity management company went public, according to a report by Reuters. ForgeRock shareholders will receive $23.25 for each share held, which represents a premium of about 53.4% to the stock’s last closing price. The company’s stock has been trading well below its $25 per share IPO price having fallen over 43% so far in 2022. Prior to its public listing in 2021, ForgeRock had raised over $230 million in growth capital from investors, including Accel, KKR &