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Private equity firm Thoma Bravo has completed the sale of Tripwire, a specialist in advanced threat, security and compliance solutions, to Belden Inc for USD710 million in cash.
Since being acquired by Thoma Bravo in May 2011, Tripwire has grown revenues 70%, improved profitability by 400%, increased market share, and solidified its global leadership position in cybersecurity.
“From the very beginning of our partnership, Thoma Bravo provided Tripwire with the resources and expertise to achieve market leadership in security and vulnerability management,” says Seth Boro, managing partner at Thoma Bravo. “The sale to Belden is a testament to the success
Over the past year, a total of 7,474 venture capital financings were announced globally with an aggregate value of USD86.6bn, according to Preqin.
This represents an 11% fall in the number of financings taking place compared to 2013, but a 58% rise in the aggregate value of deals compared to the previous year. Companies located in Asia and other regions outside North America and Europe have been the primary benefactors of this increase in financing, with the amount of capital invested across these regions up 160% in 2014 compared to deals done in 2013.
Although North America was again the
Inflexxion, a developer of behavioural change programs that reduce health-related risks, has secured investments from Periscope Equity, Fidus Investment Corporation, and Akoya Capital Partners.
Consilium Partners, a Boston-based investment bank, acted as the exclusive financial advisor to the Company in connection with the transaction.
The financial investment validates Inflexxion's leadership position in the healthcare data analytics space, and positions the company for continued expansion.
"We are excited to work with our new investment partners," says Simon Budman, PhD, CEO and Founder of Inflexxion. "By leveraging the financial experience and access to capital of our investors, the Inflexxion Management Team will
Berkshire Partners has appointed Dave Bordeau, Marni Payne and Raleigh Shoemaker as Managing Directors effective 1 January, 2015.
They join the 19 current Managing Directors of Berkshire in managing the firm and its affiliated investment funds. Berkshire’s 22 Managing Directors have an average tenure of over 16 years with the firm.
Bordeau joined Berkshire Partners in 2006 and has significant experience with Berkshire’s consumer products, retail and business services companies. Prior to joining Berkshire, Bordeau worked in private equity and investment banking, holding positions with Ripplewood Holdings and Gleacher Partners. He received an AB from Princeton University and an MBA
Private equity house Key Capital Partners (KCP) has exited its investment in Nurse Plus to a secondary MBO funded by Sovereign Capital (Sovereign) and led by Nurse Plus CEO Heath Blake and MD Pamela Bruce.
The transaction gives KCP an attractive return on its original investment and represents the firm's third successful exit in 2014 following on from its sales of TSC Foods and Neville Johnson earlier in the year.
Established in 2005, Nurse Plus is a healthcare services provider, specialising in domiciliary care services and providing flexible staffing solutions for care homes and hospitals.
Under KCP ownership
One of the inherent risks to investing in hedge funds is the inherent volatility of performance. A top fund today might be the worst tomorrow. In Preqin’s latest November Hedge Fund Spotlight report, which looks at this year’s top 100 performing hedge funds, only three funds feature on the list from 2013.
To qualify, only those funds with USD100m or more in AuM were considered. The sample period was October 2013 through September 2014.
What is clear from the list is that the top performing funds over the past 12 months are more volatile. Whereas year-on-year only three funds made
Onex Corporation has completed its investment in Advanced Integration Technology (AIT), a provider of automation and tooling, maintenance services and aircraft components to the aerospace industry.
This is the first investment for Onex Partners IV, the private equity firm’s USD5.15 billion flagship fund raised in May 2014.
Onex currently has approximately USD20 billion of assets under management, including USD5.9 billion of its own capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its funds.
International law firm Simmons & Simmons has promoted Matthew Pitman to its partnership with effect from 01 January 2015.
Pitman is based in the firm’s London office and is an investment funds specialist focusing on all classes of private funds.
His practice covers a wide range of transactional and investment work, including fund formation (for both liquid and illiquid assets), indirect investments, advising on investment management issues, joint ventures and managed accounts.
Simmons & Simmons’ Senior Partner Colin Passmore, says: ‘‘Matt’s promotion recognises his strong contribution to our award-winning asset management and investment funds practice and comes at
KKR has sold its remaining stake in Alliance Boots to Walgreens Boots Alliance following the exercise by Walgreens of the call option to acquire the remaining 55% of Alliance Boots as the second step of the overall transaction.
In August 2012, Walgreens acquired 45% of Alliance Boots in the first step of the overall transaction.
Dominic Murphy, Member, Head of KKR operations in the United Kingdom says: “The investment in Alliance Boots adds to our track record of partnering with European entrepreneurs to build global companies and industry leaders. Since Alliance Boots was taken private in 2007, a strong investment
Independent accounting firm Weaver has held the official opening of the firm's newest office, located in the greater Los Angeles area.
The new Weaver office is at 1600 Rosecrans Ave, Bldg 7 in Manhattan Beach, California adjacent to several sound stages and movie studios on the secure MBS Media Campus.
Michael Hearne, CPA, has joined Weaver as a partner in tax and strategic business services for the new office. Hearne and Matt Anderson, assurance partner, will work together to grow Weaver's Los Angeles practice with particular focus in the financial services industry. The partners previously worked together on the expansion of Rothstein
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