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Searchlight and Abry complete Clearspan carve-out, Vista invests in SmartBear, Goldman among trio of backers on TH Lee single-asset deal

Thursday, October 22, 2020

Morning!

Vista Equity made a "significant" investment in SmartBear, which provides software development and quality tools. Existing investor Francisco Partners will remain an investor in the company, and Vista and Francisco will be equal owners of SmartBear.

Francisco acquired SmartBear in 2017. Read more here on PE Hub.

Top Scoops

Searchlight Capital and Abry Partners completed Clearspan's carve out from Mitel. As a standalone company, Clearspan will focus on cloud communication services for service providers, larger enterprises, governments and educational institutions. Read more here.

Have a great day! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.

HOUSEKEEPING

Wanted: VCJ’s Rising Stars

It’s that time of the year. Over at Venture Capital Journal, editor Alastair Goldfisher and the team are looking for nominations for their second annual Rising Stars list. VCJ is seeking to identify the most talented and up-and-coming professionals in the venture capital community. Click here for more information on how you can submit your favorite Rising Star.

Premium

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PE Deals

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Credit

Firms and Funds

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