Ren, an Indianapolis-based financial technology firm, says it received an investment of between $75 million and $300 million from a fund associated with Boston-based Bain Capital. It’s the first outside funding Ren has taken in its 36-year history.
Service firms receiving multiple buyout offers from private equity investors
Private equity firms are simply head over heels for service firms such as plumbing and heating and air-conditioning companies.Read More
Established in 1983 by entrepreneurs Mark Hill and Karen Hill, Baker Hill is a software-as-a-service firm that provides loan origination, risk management and analytics software to more than 400 banks and credit unions.
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
A private-equity investment announced in January is driving growth at Modular Devices Acquisition LLC, which manufactures and leases mobile and modular medical labs and cleanrooms.
Rising interest rates, inflation and recession risks have eroded consumer confidence and left buyout firms facing a new reality of higher financing costs and potentially lower returns.
The investment fund is Centerfield Capital Partners’ fifth, and the largest yet in the private-equity firm’s 24-year history.
Monument Microcap Partners has also added three partners and two other employees, plus a branch office in the metro Detroit area.
Since the pandemic has shifted many of these interactions online, local dealmakers say they feel the loss of assessing non-verbal cues and interactions among members of a management team as they decide whether to acquire companies or invest in startups.
The firm, which had big growth plans, owes $23 million on a loan that is in default and is winding down operations.
The merging companies, Word Systems Inc. and iRecord LLC, will operate as Word Systems LLC and retain all management and employees, officials said.
The number of publicly traded Indiana companies has fallen by more than half since 1990.
Hammond Kennedy Whitney & Co. Inc. already has taken controlling stakes in five firms with money raised in its latest nine-figure investment pool.
Elizabeth Warren’s plan, the latest in a series of policy ideas that have propelled the Massachusetts senator to the top tier of the 2020 Democratic presidential primary field, would hold private equity firms liable for debts and pension promises made by the companies they acquire.
FormAssembly launched in 2006 and this is first time it will take outside money. The company says the investment comes in the midst of a wave of consumer demand for data regulation.
For a startup that has raised an eye-popping $71 million in just three years, Outpost Medicine LLC likes to keep a low profile. The young company, which is developing drugs for urinary and gastrointestinal disorders, is headquartered in small, unmarked space at the Parkwood Crossing office complex on East 96th Street. It has issued only a […]
Venture capital focuses generally on companies that are either pre-revenue (a company pursuing an idea, concept, product, service, etc., but not yet generating any significant revenue), or not generating enough cash flow to pay most, if not all, expenses.
The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.