An investor group led by Apollo Global Management LLC and Värde Partners Inc. has closed its acquisition of an approximate 40.5 percent equity stake in OneMain Holdings Inc for $26.00… read more →
Spectrum Equity has invested $65 million in B-Stock. The Belmont, California company is a business-to-business marketplace for returned, excess, and other liquidation merchandise. PRESS RELEASE B-Stock Receives $65 Million Growth… read more →
Arlington Capital Partners said June 26 that it sold Zemax Software Holdings LLC to EQT. Financial terms weren’t announced. Zemax, of Kirkland, Washington, provides optical and illumination design software. Spurrier… read more →
Cresset Capital Management said June 26 that it launched the Cresset Family Office. Michael Cole, the former president and founder of Ascent Private Capital Management, is CEO of Cresset Family… read more →
The next big payments company up for sale is Ingenico Group SA, which is drawing preliminary interest from several buyout shops, Bloomberg is reporting. Potential suitors include CVC Capital Partners,… read more →
Advent International said June 25 that it agreed to buy General Electric’s Distributed Power business for $3.25 billion. The deal includes Distributed Power’s Jenbacher and Waukesha engines, as well as… read more →
DCS Global said June 25 that Tritium Partners has invested in the company. Financial terms weren’t announced. DCS, of Plano, Texas, provides revenue cycle management software. PRESS RELEASE Dallas, Texas… read more →
General Electric is near a deal to sell its unit that makes large industrial engines to Advent International, the Wall Street Journal reported. The unit is valued at $3 billion,… read more →
Terra Firm has made an offer for IWG, the provider of flexible workplaces that is a rival to WeWork, the Financial Times said. IWG is already considering proposals from Starwood… read more →
Graydon Carter, the former editor-in-chief of Vanity Fair, is reportedly in talks with TPG Capital, about his new media company, which could launch before the end of the year, according… read more →