Happy hump day, everybody!
In today’s headlines, Thoma Bravo unveiled its purchase of Greenphire, concluding a highly anticipated sale process launched earlier this year for the clinical trial payments technology business. Financial terms weren’t disclosed, however sources told PE Hub in January that existing investor Riverside Co hoped to fetch some $1 billion in a potential transaction. Recurring revenue stands at about $100 million, sources said at that time. One question was raised by sources in recent months. Would a financial sponsor... Read PE Hub’s brief on the deal and my previous coverage here.
In other news, VSS Capital Partners invested $20 million to $40 million in Centroid Systems, a managed cloud-services provider, according to people familiar with the matter. Elsewhere, KKR is investing behind an interesting business concept I’ve never really considered. The firm injected $55 million in eSSENTIAL Accessibility, which through its tech and software helps to ensure online equality against the backdrop of more than one billion people worldwide who are living with a disability.
Read the full wire commentary on PE Hub...
That's it for me. Have a great week ahead, and as always, hit me up at springle@buyoutsinsider.com with any comments, tips or just to say hello!
