Wed.Apr 03, 2024

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Say no to more deals, focus on successful relationships, and other lessons for advisors

Private Equity Info

Private Equity Info founder and managing partner Andy Jones recently joined Cornerstone International Alliance managing director Nick Olsen on his podcast, The M&A Mastermind. The conversation provides valuable insights for sell-side M&A professionals, with advice for nurturing relationships to increase referral activity, and avoiding the temptation to accept lower-quality deals when business is slow.

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Warren Raises Over $550 Million for Oversubscribed Small Cap Fund

Private Equity Professional

Warren Equity Partners has held an above target and hard cap closing of Warren Equity Partners ELIDO Fund II LP and parallel funds (ELIDO II) with more than $550 million in capital commitments. ELIDO II will invest in lower middle market companies that provide products and services used to maintain, operate, and upgrade infrastructure assets,… This content is for members only.

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Animal Spirits: The Never-Ending Travel Boom

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts and KraneShares: See here for YCharts’ blog on improving client retention with proposals & reports See here and here for our discussion with KraneShares discussing China and KraneShares’ full China Internet ETF suite See here for tickets to The Compound and Friends LIVE in Los Angeles On today’s show, we discuss: The psychologist who turne.

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Oceans Equity Launched in Miami

Private Equity Professional

Oceans Equity has been launched by private equity professional to invest in service businesses and niche product companies across a range of sectors. Mr. Bilmes has nearly 20 years of investing and advisory experience across multiple industries. From 2017 to 2024 he was a principal with Miami-based lower middle-market investor Boyne Capital. Earlier in his… This content is for members only.

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CareerArc Acquires Lumina

FinSMEs

CareerArc, a Burbank, CA-based provider of social recruiting software and services, acquired Lumina, a Portland, OR-based provider of a SaaS platform for generating visual job postings at scale. The amount of the deal was not disclosed. The acquisition enables CareerArc to take a major step towards providing automated video creation capabilities to its clients.

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Balmoral Exits Resco with Sale to RHI Magnesita

Private Equity Professional

Resco Products, a portfolio company of Balmoral Funds, has agreed to be acquired by RHI Magnesita at an enterprise value of $430 million. Balmoral acquired Resco in March 2022 from Wellspring Capital Management. Resco Products is a make of refractory products including bricks, monolithics, pre-cast shapes, cartops, clays and minerals that are used in the… This content is for members only.

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LongueVue Acquires Kingston Brass with Abacus Backing

Private Equity Professional

LongueVue Capital (LVC) has acquired Kingston Brass, a designer and distributor of kitchen and bathroom fixtures, bathtubs, and accessories. Kingston designs and distributes water fixtures, bathtubs, kitchen and bathroom accessories, and other plumbing products to both residential and commercial customers through both direct-to-consumer and business-to-business channels.

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Skydance in exclusive merger talks with Paramount

Financial Times M&A

Potential sale comes after Apollo’s $26bn offer was rebuffed

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Deal Roundup: Blackrock, KKR sell oil pipeline, Arjun makes UK co-investment

AltAssets

Blackrock and KKR have sold a 40% stake in ADNOC Oil Pipelines to Abu Dhabi government-backed investor Lunate. The sale of the onshore and offshore midstream crude oil pipeline infrastructure asset was made through Lunate’s Long Term Capital Fund, which aims to provide investors with attractive cash yields and long-term capital appreciation. The acquisition was […] The post Deal Roundup: Blackrock, KKR sell oil pipeline, Arjun makes UK co-investment first appeared on AltAssets Private Equi

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ICG holds $1bn final close of debut LP Secondaries fund

Private Equity Wire

Global alternative asset manager ICG, has completed the fundraising for its debut LP-led secondaries fund, ICG LP Secondaries I (LPS I), which specialises in acquiring buyout fund interests from limited partners, at its hard cap of $1bn. Including co-investment special purpose vehicles and separately managed accounts, total commitments to the fund, which was significantly oversubscribed, are $1.6bn.

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Preservation Capital Partners sees commitment jump with Fund II close

AltAssets

Preservation Capital Partners, a financial services-focused investor, has secured $459m for its second flagship fund. The post Preservation Capital Partners sees commitment jump with Fund II close first appeared on AltAssets Private Equity News.

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Nelson Peltz gets shut out of the magic kingdom

Financial Times M&A

Plus, Blackstone’s property fund faces dividend questions and Silver Lake strikes its buyout of Endeavor

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Adenia Partners reaches $470m final close of first pan-Africa fund

AltAssets

Africa-focused Adenia Partners has hit a $470m hard cap to close its first pan-continental vehicle and fifth flagship fund. The post Adenia Partners reaches $470m final close of first pan-Africa fund first appeared on AltAssets Private Equity News.

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Sidley adds Partner to global M&A and PE practice in New York

Private Equity Wire

Sidley has appointed John C Godfrey as a Partner in the firm’s M&A and private equity practice in New York. Godfrey joins Sidley from Paul, Weiss, Rifkind, Wharton & Garrison LLP where he served as a member of that firm’s M&A and PE practices. Godfrey’s appointment follows the addition of a team of 11 lawyers from Paul, Weiss in the last 10 months.

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Arctos scores over $4bn for major league sports

AltAssets

Sports-focused Arctos Partners has landed $4.1bn for its second flagship fund, creating the largest pool of institutional capital targeting professional sports. The post Arctos scores over $4bn for major league sports first appeared on AltAssets Private Equity News.

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Is synthetic natural gas any better than the real thing?

Financial Times: Moral Money

Pitched as a carbon-neutral alternative, the fuel could delay the rollout of more efficient energy sources

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Vodex Raises $2M in Seed Funding

FinSMEs

Vodex, a Bengaluru, India-based Gen AI company, raised $2m in seed funding. The round was led by Unicorn India Ventures, and Pentathlon Ventures. The company intends to use the funds towards product and global expansion initiatives, to scale the business in the next year with plans set on the launch of Vodex 3.0 version in a few […] The post Vodex Raises $2M in Seed Funding appeared first on FinSMEs.

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Business is the ultimate sport

SuperAngel.Fund

Growing up, I was a pretty competitive kid. I grew up with two brothers and we all played sports like basketball, baseball, football, hockey, golf, and tennis. This is where I developed my sense of competition. The thing I always loved about sports is that success can be measured quantitatively and in absolute terms. The score is the score, and it’s how you differentiate between winners and losers.

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Constantinople Raises AUS$50M in Series A Funding 

FinSMEs

Constantinople, a Sydney, Australia-based tech and operations platform for banks, raised AUS$50m (USD$33m) in Series A funding. The round was led by Prosus Ventures, alongside existing investors Square Peg Capital, Airtree Ventures and Great Southern Bank. Constantinople previously raised a A$32m (US$22m) seed round in April 2022 from Square Peg, Airtree and Great Southern Bank.

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Quarterly Market Update Webinar (4/16)

Tobias Financial

Join us on Tuesday, April 16th at 12:30 PM Eastern for our Quarterly Market Update Webinar. When : Tuesday, April 16th at 12:30 PM Eastern Registration : Click here to register. Cost : Complimentary After registering, you will receive a confirmation email with instructions for joining the webinar. We look forward to your attendance.

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SnapCare Acquires Medecipher

FinSMEs

SnapCare, an Atlanta, GA-based healthcare workforce solutions provider, acquired Medecipher, Inc., a Denver, CO-based cloud-based predictive analytics staffing decision support tool, to further deliver facility control, low cost, and transparent solutions across the continuum of care. The amount of the deal was not disclosed. The acquisition is part of SnapCare’s expansion, aimed at providing the […] The post SnapCare Acquires Medecipher appeared first on FinSMEs.

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Professional Adviser: The role of financial advisers: Helping secure the future

SEI

Having the right technology is critical to helping clients meet financial goals.

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Oros Labs Raises $22M in Series B Funding

FinSMEs

Oros Labs, a Portland, OR-based thermal solutions company, raised $22M in Series B funding. The round was led by Airbus Ventures, with participation from REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, among others. The company intends to […] The post Oros Labs Raises $22M in Series B Funding appeared first on FinSMEs.

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Correlation anxiety and the reality of diversification

SEI

In recent months, the correlation between stocks and bonds has been a controversial topic in the financial press

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Netgain Raises $35M in Funding

FinSMEs

Netgain, a Denver, CO-based provider of software for finance and accounting teams, raised $35M in funding. The round was led by Summit Partners. Greg Goldfarb, a Managing Director at Summit Partners has joined the company’s Board of Directors. The company intends to use the funds to further enhance product development, and expand the team. Founded […] The post Netgain Raises $35M in Funding appeared first on FinSMEs.

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Dominating Digital: Mastering SEO for Financial Services

Indigo Marketing Agency

Imagine your life as it is now—except the year is 1984. SEO for financial services won’t exist for another few decades. Reagen just won his second term and “Karma Chameleon” is number 1 on the charts. You’re an established financial advisor with enough money in your pocket to buy one advertisement of your choice. Do you choose: Newspaper ad Radio spot Billboard Phonebook ad (Remember…there IS a right answer!

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Gesture Receives Growth Funding from Decathlon Capital Partners

FinSMEs

Gesture, a NYC-based gifting and delivery platform, received a growth funding package from Decathlon Capital Partners. Details of the revenue-based investment package were not disclosed. The company will use the capital to scale operations, expand consumer offerings and enhance its customer’s experience with new features and functionality. Led by Ben Labra, Chief Executive Officer and […] The post Gesture Receives Growth Funding from Decathlon Capital Partners appeared first on FinSM

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China's Looming Retirement Crisis Highlights Global Crisis

Pension Pulse

Laura Bicker of the BBC reports on China's aging population and why it's a demographic crisis is unfolding for Xi: Ask 72-year-old farmer Huanchun Cao about his pension and he reacts with a throaty cackle. He sucks on his home-rolled cigarette, narrows his brow and tilts his head - as if the very question is absurd. "No, no, we don't have a pension," he says looking at his wife of more than 45 years.

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Opswat Acquires CIP Cyber

FinSMEs

Opswat, a Tampa, FL-based company which specializes in critical infrastructure protection (CIP) cybersecurity solutions, acquired CIP Cyber, an online learning community with a mission of connecting, training, and certifying cybersecurity professionals to protect critical infrastructure. The amount of the deal was not disclosed. CIP’s integration with OPSWAT Academy, a comprehensive training platform that educates and certifies […] The post Opswat Acquires CIP Cyber appeared first on

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Helping employees find their flow for improved productivity and happier teams

Vistra

Being “in the zone”. Noticing that time seems to have “flown by”.

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Lexitas Acquires Kopy Kat

FinSMEs

Lexitas, a Houston, TX-based provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, acquired Kopy Kat, a Brea, CA-based company which specializes in the record retrieval and litigation support industry. The amount of the deal was not disclosed. With the acquisition, Lexitas will expand its offerings. Founded in 1972 and […] The post Lexitas Acquires Kopy Kat appeared first on FinSMEs.

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LMM Deal Digest: March 2024

Axial

The post LMM Deal Digest: March 2024 appeared first on Axial.

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gWorks Acquires Freedom Systems

FinSMEs

gWorks, an Omaha, NE-based provider of a software solution designed specifically for small and medium sized local governments, special districts, and rural utility agencies, acquired Freedom Systems, an Eagleville, PA-based long-established software company serving clients in Pennsylvania. The amount of the deal was not disclosed. With the acquisition, gWorks will consolidate its position in the market […] The post gWorks Acquires Freedom Systems appeared first on FinSMEs.

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Size and flow dispersion motivates fund-specific investment models in Oz

Top 1000 Funds

Recent research by The Conexus Institute identifies significant dispersion in the operating environment for Australia’s superannuation funds. Here they consider the impact on fund investment models including internalisation, private assets and offshore investment teams.

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