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The first half of 2016 has seen an overall shift towards larger private equity deals with total deal value up 2 per cent and volume slipping by 17 per cent, according to SL Capital’s Q2 2016 Private Equity Barometer.
The number of European private-equity-backed deals declined by 8 per cent in the second quarter of 2016 from 381 transactions in Q1 to 350. Combined deal value improved in the second quarter, rising by 66 per cent.
The aggregate value of buyouts in the year to Q2 2016 (EUR107.4 billion) was down a nominal 0.2 per cent on the previous 12
- 10/08/2016
Funds affiliated with private equity firm Warburg Pincus have agreed to make a minority invesyment of USD255 million in BlueGrace Logistics, a private third-party logistics provider based in Tampa, Florida.
BlueGrace intends to use the funding to fuel the rapid growth of the business, including hiring 500-700 new employees, accelerating its national expansion plans and pursuing strategic acquisitions.
BlueGrace is presently building out the remainder of its 55,000 square feet of headquarters space in Riverview, Florida, and is scouting for more space across Tampa Bay. BlueGrace expects to significantly increase employment in Tampa, Chicago, Boston and other markets.
- 10/08/2016
Data visualisation and analysis specialist PlanetRisk has acquired Analytic Strategies, a provider of enterprise analytics services to the federal government.
With this acquisition and the addition of Analytic Strategies’ expertise in enterprise analytics, data system management, operations research, supply chain management and intelligence analysis, PlanetRisk expands its suite of analytic capabilities.
“At the core of this acquisition are highly valuable data analytics capabilities that will allow PlanetRisk to further expand its robust services in big data engineering, advanced analytics, geospatial business intelligence, social network analysis and enterprise risk modeling,” says Paul McQuillan, president and CEO of PlanetRisk. “The addition
- 10/08/2016
- 10/08/2016
Steven A Levy has joined Cowen’s investment banking team as managing director, head of financial sponsors.
Levy is based in New York and reports to Kevin Raidy, Cowen’s head of investment banking.
“As head of financial sponsors coverage, Steve will play a key role in enhancing Cowen’s market presence across our core investment banking sectors,” says Raidy. “Steve’s experience as both an investment banker and business operator provides him with the perspective that allows him to connect with the sponsor community and their clients on a deeper level. We look forward to Steve’s successes in advancing our equity, debt
- 10/08/2016
Nuveen has teamed with Artivest, a technology-driven alternatives investment platform, to bring alternative investments capabilities to RIAs, family offices, private banks and other financial advisers serving qualified high-net-worth investors.
Advisers will now be able to use investment tools, education materials and a client service team to access Nuveen and parent company TIAA’s alternative investment solutions, which currently comprise assets exceeding USD140 billion in aggregate, including real estate, agriculture, infrastructure, timber, agribusiness, private equity, as well as alternative credit-based, long/short, and special sector investment strategies.
Nuveen says alternative investments are playing an increasingly important role in building successful and diversified
- 10/08/2016
Press Ganey, a healthcare performance improvement company, is to be acquired by EQT Equity fund EQT VII, part of the global private equity group EQT.
Under the terms of the agreement, EQT will acquire all of Press Ganey’s common stock.
Shareholders of record will receive USD40.50 in cash per share of Press Ganey common stock, resulting in an enterprise value of approximately USD2.35 billion.
The offer price represents a 20 per cent premium to the year to date volume-weighted average price and a 62 per cent premium to the initial public offering price for the common stock.
- 10/08/2016
- 10/08/2016
Sverica Capital Management’s Sverica Fund IV has acquired a majority stake in RMS Healthcare Management, a provider of management services to Med First Immediate Care and Family Practice.
The transaction marks Sverica’s second investment made from Fund IV. Cadiz Capital also participated in the transaction.
Headquartered in Jacksonville, North Carolina, Med First provides primary care, urgent care and occupational medicine services via 13 clinic locations across rural North Carolina and South Carolina. The company addresses the unmet healthcare needs of rural populations through a hybrid primary care and urgent care model. Med First is a Patient-Centered Medical Home (PCMH)
- 10/08/2016
PNC Bank has appointed William Brown as senior vice president with the senior secured lending team in the Mid-Atlantic region.
Based in Baltimore, Bowen will be responsible for business development with private equity firms and middle-market companies, originating asset-based and cash flow loans.
With 30 years of banking and finance experience, Bowen most recently served as senior vice president with BB&T Commercial Finance responsible for originating asset-based loans for mid-size companies throughout the Mid-Atlantic region.
PNC Bank, National Association, is a member of The PNC Financial Services Group. PNC is one of the largest diversified financial services institutions
- 10/08/2016
DW Healthcare Partners, a healthcare-focused private equity firm, has appointed Gabriel Becher, former portfolio manager with Alberta Investment Management Corporation (AIMCo), as a principal in the firm’s investment team.
Becher brings 12 years of merger and acquisition experience. Previously at AIMCo, he was responsible for sourcing, executing and managing direct private equity investments with a focus on the business services and financial services sectors.
Becher has also co-founded WagJag, an online "local offer" business that offers flash sales on a wide variety of products and services.
During his tenure, he was active in all aspects of the business,
- 09/08/2016
Vestar Capital Partners, in partnership with management, has acquired Mobile Technologies Inc (MTI), a provider of mobile device security and display technologies, from Hammond, Kennedy, Whitney & Company (HKW).
Terms of the deal have not been disclosed.
Founded nearly 40 years ago, MTI operates in three business segments: Retail Merchandising (solutions that display, power, and secure mobile devices within the retail environment); ArmorActive (engineered solutions that empower tablets and smartphones for enterprise mobility and connectivity applications); and Global Services (installation, preventive maintenance, on-demand break-fix, and contact centre services to support businesses’ retail and enterprise mobile device deployments worldwide).
- 09/08/2016
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