| | | Fall behind on what happened in Private Equity and Venture Capital last week? Have no fear – here’s the most-read stories that appeared on PEHub.com: | | VC-backed LeadPages buys Drip | Posted: 7/7/2016 | Minneapolis-based LeadPages, a landing page and lead generation platform, has acquired Fresno, California-based Drip, a marketing automation company. No financial terms were disclosed. FE International Inc advised Drip on the transaction. Leadpages is backed by Drive Capital, Foundry Group and Arthur Ventures.
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Marlin Equity buys Teradata Marketing Applications | Posted: 7/5/2016 | Marlin Equity Partners said July that it closed its buy of Teradata Marketing Applications business from Teradata Corp. Financial terms weren't announced. Teradata Marketing provides marketing operations and marketing execution software solutions and services. | Read More... |
Hostess Brands sells to Gores Group-sponsored SPAC | Posted: 7/5/2016 | Hostess Brands LLC said July 5 that it has entered into agreement with Gores Holdings Inc, a special purpose acquisition company sponsored by The Gores Group LLC, to go public. Hostess will have an anticipated initial enterprise value of approximately $2.3 billion. Apollo Global Management LLC, along with C. Dean Metropoulos and family, will own 42 percent of Gores Holding once the deal closes. Hostess Brands makes Hostess Twinkies, Ding Dongs and CupCakes. | Read More... |
Apax to sell Epicor to KKR | Posted: 7/5/2016 | KKR has agreed to acquire software provider Epicor from Apax Partners. No financial terms were disclosed for the transaction that's expected to be completed by the end of August. Morgan Stanley and RBC Capital Markets provided financial advice to KKR on the deal while BofA Merrill Lynch and UBS Investment Bank did likewise for Epicor. | Read More... |
Oak Hill Capital to buy Oxford Networks from Novacap, BSCP | Posted: 7/7/2016 | Oxford Networks, a U.S.fibre-optic bandwidth infrastructure services provider, has agreed to be bought byOak Hill Capital Partners. No financial terms were released. The sellers are Canadian private equity firm Novacap, which acquired a majority interest in Oxford in 2014, andBank Street Capital Partners (BSCP). Upon the deal's closing, expected in the fourth quarter, Oak Hill will merge the company withFirstLight Fiber, which Oak Hill is buying fromRiverside Partners. Novacap, BSCP and Riverside are expected tobe minority investors in the combined entity, which willoperate a high-capacity fibre-optic network and 10 data centers located across New York and New England. | Read More... |
Constellation Software affiliate buys Dutch software company | Posted: 7/4/2016 | Total Specific Solutions BV, a subsidiary ofConstellation Software Inc, has bought all of the shares ofNCCW Holding BV, a Dutch provider ofproperty management software solutions. No financial terms were disclosed. Total Specific Solutions said the acquisition provides it with a presence in the real estate market.Toronto-basedConstellation, an acquirer, manager and builder of vertical market software companies, is a portfolio investment of OMERS Private Equity. | Read More... |
Blackstone to sell Wexford's life science and medical real estate assets for $1.5 bln | Posted: 7/5/2016 | Ventas has agreed to acquire most of Wexford Science & Technology's life science and medical real estate assets for $1.5 billion in cash. The seller is Blackstone. The deal is expected to be completed in the fourth quarter of this year. J.P. Morgan Securities is serving as financial adviser to Ventas while Wells Fargois acting as financial advisor to Blackstone. Wexford is a real estate company focused on partnering with universities, academic medical centers and research companies. | Read More... |
KKR leads $65 mln round for Darktrace | Posted: 7/6/2016 | Darktrace said July 6 that it raised $65 million in funding led by KKR. Existing investor Summit Partners, and new investors TenEleven Ventures and SoftBank-affiliated SB ISAT Fund, also invested. Darktrace, of Cambridge, United Kingdom, provides enterprise cyber threat defense software. | Read More... |
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