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The Wire

Aug. 18, 2021

Genstar’s Telestream sale moves into second round, Nonantum makes two platform investments

 

Happy Wednesday! 

 

We have some scoopage for you this morn: Genstar’s sale of Telestream is in the second round, with an expectation that the digital video software and workflow tech provider will command interest from telecom providers and PE shops, writes Milana Vinn on the Hub today. 

 

Also, emerging manager Nonantum Capital made two platform investments in Helix Traffic Solutions and Lifted Trucks. The firm sourced the Helix deal through its executive network, while it sourced the Lifted Trucks investment through its deal partner network through its relationship with TRP Capital. 

 

Former Charlesbank Capital executive Jon Biotti formed Nonantum Capital, which closed its debut fund on $385 million in 2018. Nonantum raised capital from former partners and a select group of LPs in a few months, Buyouts previously reported. Read more here. 

 

That’s it for me! Hit me up with tips n’ gossip, feedback or just to chat at cwitkowsky@buyoutsinsider.com or find me on LinkedIn. 

 

Read the full PE Hub Wire column here on PE Hub. 

 

 

Also of note (may require subscriptions)

Home improvement: Charlesbank Capital made a majority investment in Empire, which provides installed home improvements. H.I.G. Capital, which invested in the company in 2016, will retain a stake in the company. Read it here on PE Hub.