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Procare Solutions explore sale of software maker-sources worth $2bn

Private Equity Insights

Buyout firms TA Associates and Warburg Pincus have hired investment bank William Blair to advise Procare on its sale process that is expected to launch after Labor Day, the sources said, requesting anonymity because the matter is confidential. Read more Bain Capital Invests in Sales Tech Startup Apollo.io

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Grafton Capital-Backed Third Financial Eyes $100m Sale

Private Equity Insights

An investment bank is advising Third Financial on the process, and an information memorandum has reportedly been distributed to prospective buyers, with a target valuation of just under £100m. The London-based PE firm became Third Financial’s majority shareholder in 2020, having invested £7m into the business since 2015.

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Top 25 Lower Middle Market Investment Banks | 2024

Axial

Axial is excited to release our 2024 Lower Middle Market Investment Banking League Tables. To assemble this list, we reviewed the deal-making activities of 400+ investment banks and advisory firms that met the qualifications to be considered for league tables last year.

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Transcript: Peter Mallouk, Creative Planning

The Big Picture

He began as an attorney working on things like taxes and, and trusts in estates and consulting for various RIA firms when he became an RIA and eventually bought creative planning when it had, you know, a handful of, of clients and, you know, 30, $35 million. This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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Transcript: Brian Hamburger

The Big Picture

With us, the law firm is basically a customer of MarketCounsel for a lot of our startup work. For most of the clients that come to us for startup work, right? And so, you can decide that you want to sever your employment and then begin the startup work, but that’s not tenable — RITHOLTZ: Right. That happens, right?

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Transcript: Eva Shang, CEO, Legalist

The Big Picture

I think a lot of startup founders are actually the opposite, where it’s like we choose to go to the moon, not because it’s easy, but because we think it’s going to be easy. And I always wondered why huge bureaucracies could sometimes lose to startups. That’s pretty rapid growth for a a startup.

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Transcript: Sarah Kirshbaum Levy, CEO Betterment

The Big Picture

And the rest of the pack includes Vanguard as well as a bunch of other much smaller clean sheet startups in, in the space. One is that small startup and the other is the company that has its own ongoing revenue source. What sort of advice would you give to a recent college grad interested in a career in either media or investing?