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Private equity firm Thoma Bravo has completed its acquisition of visual analytics software specialist Qlik.
Under the terms of the merger agreement, Qlik shareholders are entitled to receive USD30.50 in cash for each share of Qlik common stock they hold.
The transaction was announced on 2 June 2016 and received approval from Qlik shareholders on 17 August 2016. As a result of the completion of the acquisition, shares of Qlik common stock were removed from listing on The Nasdaq Stock Market, with trading in Qlik shares suspended prior to the opening of business today.
Morgan Stanley served as
Private equity firm Pharos Capital Group has hired James S Kerrigan and Kevin A Ryan as senior financial analysts.
Kerrigan will be based in Pharos's Dallas office, while Ryan will be based in Nashville.
Prior to joining Pharos, Kerrigan spent two years as an investment banking analyst at Barclays in New York, advising on deals in the healthcare, packaging, chemicals and strategic finances sectors. Before that, he worked in various capacities at a private equity family office and a healthcare consulting firm in Nebraska.
Ryan worked for two years as an investment banking analyst for Stephens Inc in
Investment funds managed by Morgan Stanley Global Private Equity (MSPE) have completed an investment in Pathway Partners Vet Holding.
Founded by Dr Jasen Trautwein in Austin, Texas and led by CEO Shawn McVey, Pathway is a veterinary hospital owner and operator.
MSPE is partnering with Trautwein, McVey and the management team, who will remain in place and retain a significant minority stake in the company.
Pathway owns over 30 general and specialty veterinary hospitals. It seeks to be a partner of choice for veterinarians wishing to realise some personal liquidity while retaining a minority interest in a rapidly-growing
Weller Equity Partners, a Louisville, Kentucky-based private equity firm, has acquired KFI Seating, a supplier of business and institutional furniture products.
"We have been looking for an experienced partner to help us replace a retiring co-owner and key executive, while keeping our sights fixed on the continued growth and development of our business," says Chris Smith, president of KFI.
Ken Berryman, managing partner of Weller, says: "The KFI transaction is a classic fit for Weller as we look to partner with existing management teams to provide liquidity for shareholders, capital for growth, and organisational development to help businesses achieve
Hamilton Lane has appointed Lydia A Gavalis as deputy general counsel.
The appointment comes in preparation for the retirement of existing general counsel Robert Cleveland, who will leave the firm in early 2017 after 16 years of service.
In the interim period before his retirement, Cleveland will work closely with Gavalis to ensure a seamless transition. Upon assuming her new role as general counsel early next year, Gavalis will have responsibility for all legal affairs globally. As part of this transition, Fred Shaw, formerly director of compliance, will assume the role of chief compliance officer, reporting to Gavalis.
Law firm Proskauer has appointed Ben Davis as a partner in the firm’s finance practice in London.
Davis’ primary expertise is within the leveraged finance market where he regularly advises on acquisition and leveraged finance facilities, corporate facilities and debt restructurings.
“Alternative lenders in the UK, and globally, require sophisticated legal counsel who truly understand their business objectives and can provide market insight on both sides of the pond. We have successfully, and uniquely, built a deep bench of lawyers with this expertise and we are delighted to have Ben join us to further strengthen the team,” says Steven
Platinum Equity has signed a definitive agreement to acquire the Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) businesses of Broadway Industrial Group.
FPS is a supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets.
FCD supplies high-performance parts such as valves, fittings, sensors, and related components used in diverse end-applications.
Platinum Equity is a Los Angeles-based global private equity firm focused on acquiring businesses that can benefit from the firm's operational expertise. The proposed acquisition was led by Platinum Equity's Singapore office.
Jacob Kotzubei, the partner in
Kelso & Company has acquired Physicians Endoscopy (PE) in a recapitalisation transaction with management, from Pamlico Capital.
Terms of the transaction have not been disclosed.
Founded in 1998, PE is a developer, owner, and manager of endoscopic surgery centres across the US. The company currently owns and manages 42 facilities in partnership with over 300 gastroenterologists and 18 health systems.
Pamlico acquired PE, in partnership with management, in August 2013 and has supported the company over the past three years. Under this new partnership with Kelso, Pamlico will be exiting its investment in PE.
Barry Tanner, PE’s
Octopus Investments has launched Octopus Labs, a new fintech business which is developing technology-enabled financial solutions for the mainstream.
Octopus labs will be involved in ‘self-building’ some solutions and will support others through its fintech accelerator programme, with applications now open.
Octopus believes that for many, the world of finance – and financial products – remains complex, inaccessible and confusing. While the past few years have witnessed a fintech revolution in the UK, most of the innovations that have sprung up remain unfamiliar and unpalatable to both financial advisers and retail investors.
Octopus Labs aims to tackle these twin
Commercial law firm Noerr has advised consultancy firm Persicon on its takeover by PwC Deutschland.
Persicon was founded in Berlin in 2003 and, as a certified IT security provider for the government and officially accredited data protection inspection authority, is the leading German consulting firm in data and IT security.
PwC will take over the subsidiaries Persicon Consultancy and Persicon Cert in the planned transaction.
The takeover will enable PwC to expand its IT advice and offer its know-how in the fields of governance, risk management and compliance on a joint basis with Persicon.
Persicon advises more
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