| | | Clearlake makes deal for Aurora's Zywave, Antares Capital collects $3bn for maiden senior loan fund, Oregon pension takes big step as it shops $1.5bn PE portfolio | | | | Thursday, September 17, 2020 | | | | | Morning!
Clearlake Capital is set to acquire insurtech Zywave from Aurora Capital, writes Milana Vinn on PE Hub. William Blair worked as sell-side adviser on the deal.
Aurora acquired Zywave in 2013 from Vista Equity. It's in process of closing on a few deals that will further boost revenue, Milana writes.
Insurtech is a hot space right now, she says. Read more here for transactional details and analysis of the sub-sector. |
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| | | Top Scoops | | | This seems extraordinarily relevant right now: Carlyle Group said it will acquire a majority stake in Victory Innovations, which makes electrostatic sprayers used to disinfect offices, airplanes, schools and businesses.
Carlyle said demand for the company's sprayers has grown significantly since the company's founding in 2014, and especially with the emergence of covid-19. Carlyle's investment will accelerate the company's expansion in key markets in Asia, Europe, LatAm and Africa. Read more here on PE Hub. |
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| | Oregon public workers' pension system is selling a portfolio of stakes in private equity funds valued at about $1.5 billion, I write on Buyouts today. This is a big one for Oregon, which has not traditionally be a major seller on the secondary market. Check it out here on Buyouts.
Have a great day! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn. | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PE-backed SSI Acquisition buys School Specialty | | SSI Acquisition LLC, an entity formed by TCW Asset Management Company, LLC, Cerberus Capital Management, and Lantern Capital Partners, has acquired School Specialty, a provider of educational products and services to the pre-K to 12th grade market in the U.S. and Canada. More... |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | VC-backed Metacrine goes public | | San Diego-based Metacrine, a developer of therapies for patients with liver, gastrointestinal and metabolic diseases, has raised about $85 million for its IPO after pricing its 6.54 million shares at $13 per share. More... |
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| | | People Moves | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Heritage promotes four | | Nashville-based Heritage Group, a healthcare-focused investment firm, has promoted Jesse Bland, Lauren Brueggen, Bryan Bui, and Graham Hunter to partners. More... |
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