RapidSOS tops $1B value with Apax Digital investment
The emergency response app founded by southern Indiana native Michael Martin has raised more than $450 million from investors including BlackRock Inc. and Highland Capital Partners.
private equity
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Q&A: Distressed property broker and Deadhead seeks levity in tough deals
After more than 30 years in the commercial real estate industry, Jon Hardy has launched his own specialized company focused on helping investors acquire properties in need of care.
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Indy-based Bar Keepers Friend maker sold to East Coast investment firm
Bar Keepers Friend was developed in Indianapolis in 1882 and has been owned by SerVaas Laboratories since 1956.
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Looking to expand, Cafe Patachou owner partners with private equity firm
Martha Hoover and Won’t Stop Hospitality Inc. announced Wednesday an investment from North Carolina-based Hargett Hunter Capital Management that is expected to accelerate her goal of opening more restaurants.
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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.
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Articles
As private equity pursues public utilities, reports say BlackRock subsidiary wants to buy AES
BlackRock’s interest in AES represents a growing trend of private equity firms investing in, or buying outright, public utility companies as artificial intelligence fuels increasing electricity demands.
Electronic Arts to be acquired for $52.5B in largest-ever private equity buyout
If the transaction closes as anticipated, it will end EA’s 36-year history as a publicly traded company.
Private equity sees profits in power utilities as electric bills rise and Big Tech seeks more energy
Private investment firms that have done well investing in infrastructure over the last 15 years now have strong incentives to add data centers, power plants and the services that support them.
Indianapolis-based health-tech company GeoH lands $30M investment
GeoH offers a software platform that home care agencies can use for things like billing, staff scheduling, payroll and analytics, as well as a handful of other services.
After dropping BlackRock over socially conscious investing, state picks asset manager with similar past
The state dropped New York City-based BlackRock as an asset manager after the Treasurer’s Office found it had considered ESG practices. But its replacement has a similar background.
Carmel-based investment firm closes on $250M fund
CID Capital recently closed on its fourth investment fund, which brought in $250 million—significantly more than the $200 million the firm had been targeting.
NFL owners OK private equity stakes in teams of up to 10%
NFL owners for the first time have opened their teams to institutional investment after previously prohibiting it.
Investors eyeing opportunities in accounting firms
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
There are riches, risks when private-equity firms acquire medical practices
Some warn that the spiraling number of deals could lead to large physician groups having an unfairly high market share, which could lead to price increases and cost-cutting.
Indianapolis-based Ren Inc. snags big investment from Bain Capital fund
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.
Carmel-based software business Baker Hill set for new ownership
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.
Idaho investment firm acquires controlling stake in Sharpen Technologies
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
Maker of temporary medical labs planning new hires, HQ move
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.
Clock ticking for private equity to spend through tougher times
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.
Indianapolis-based Centerfield launches $400M investment fund
The investment fund is Centerfield Capital Partners’ fifth, and the largest yet in the private-equity firm’s 24-year history.
Private equity firm that focuses on small companies inks 12 deals since 2018 launch
Monument Microcap Partners has also added three partners and two other employees, plus a branch office in the metro Detroit area.
Dealmaking activities have largely moved online for social distancing. Will the new habits stick?
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.
Novelty-products firm BigMouth falls silent after years of hype
The firm, which had big growth plans, owes $23 million on a loan that is in default and is winding down operations.
HKW buys maker of PPE for $36M
Indianapolis-based private equity firm Hammond Kennedy Whitney & Co. Inc. has acquired a majority interest in Infab LLC, a California-based maker of personal protective equipment for health care.