Latest news with #privateEquity
Bloomberg
14 hours ago
- Business
- Bloomberg
Buyout Firm Vista to Acquire EQT's Acumatica in $2 Billion Deal
Vista Equity Partners agreed to acquire Acumatica Inc., a software company that helps businesses streamline workflows. Vista is buying the Bellvue, Washington-based firm from private equity firm EQT AB, according to a statement Thursday that confirmed an earlier Bloomberg News report. Financial terms weren't disclosed. The deal values Acumatica at about $2 billion including debt, people familiar with the matter said.
The Verge
14 hours ago
- Business
- The Verge
How private equity kills companies and communities
Today, I'm talking with Megan Greenwell, a former top editor at Wired and Deadspin, about her new book Bad Company: Private Equity and the Death of the American Dream. It comes out on June 10th, and it's a searing account of how private equity goes far beyond impacting failing businesses and deeply affects and transforms the lives of everyday Americans. Decoder is very much a show about the systems and frameworks that explain tech, policy, and business, and that means we've talked about private equity a number of times on the show. Private equity is everywhere across the business landscape, even though its massive influence on how so many companies operate is pretty hidden from view. But once you see it, you start to notice it everywhere, and it's incredibly validating to hear that so many people have had similar experiences with companies managed by private equity. I know this, because it's in our numbers and the feedback we get here on Decoder — our 2023 episode with lawyer and author Brendan Ballou about his book on private equity, Plunder, is one of our most popular episodes. Megan's interest in private equity came from her experience as editor-in-chief of Deadspin, the famous and now-defunct sports and culture website. Deadspin was part of Gawker, and Gawker was taken over by a private equity firm called Great Hill Partners, which began to immediately micromanage Deadspin 's content. That was when Megan first realized that the goals and financial results of a private equity firm were very disconnected from the goals and financial results of the companies it had taken over. Listen to Decoder, a show hosted by The Verge 's Nilay Patel about big ideas — and other problems. Subscribe here! Megan's book is a deep dive into the private equity industry, as expressed in four parts of the economy: retail, media, housing, and — maybe the most maddening of them all — healthcare. My family has a lot of doctors in it, and I've heard so much about how private equity has changed healthcare in the US. You'll hear Megan connect the dots between the financialization of healthcare and the poor experiences many people have with healthcare today. We also spent some time talking about the history of private equity, and the throughline from the New York City real estate world that gave birth to Donald Trump all the way to the private equity industry of today. I think you'll find there is a surprising amount of history here that really does help explain not just how the incentives of finance have come to dominate the American way of life, but also how it's seeped into the highest levels of the government. Perhaps most surprisingly, you'll hear Megan take great pains to differentiate private equity from venture capital, which is very different — and with very different problems. I always really enjoy talking to other editors, especially about something they're so curious about. Let me know what you think about this one. I suspect you will have a lot to say. If you'd like to read more on what we talked about in this episode, check out the links below:
Bloomberg
a day ago
- Business
- Bloomberg
Warburg Said in Talks to Team Up With KPS on Gerresheimer
Warburg Pincus is in discussions with KPS Capital Partners about teaming up on an offer for Gerresheimer AG, the German maker of packaging for drugs and cosmetics, according to people familiar with the matter. The private equity firms are considering a bid in the €70s for each Gerresheimer share, said the people, who asked not to be identified as the information is private. KPS is mainly interested in the company's moulded glass operations, the people said.
Associated Press
2 days ago
- Business
- Associated Press
INVESTOR GROUP SERVICES (IGS) APPOINTS MATT UMSCHEID AS CEO
BOSTON, May 28, 2025 /PRNewswire/ -- Investor Group Services (IGS), a leading private equity consulting firm specializing in value creation, portfolio optimization, and due diligence advisory, is pleased to announce that Matt Umscheid has been appointed Chief Executive Officer (CEO). Most recently, he served as CEO at Nuvem, a pharmacy services and technology company, where he led a significant transformation effort positioning the business for long-term, sustainable growth. Prior to this, Matt was the CEO at Envysion, a Video SaaS company, which was acquired by Motorola Solutions. He also held multiple senior leadership roles at LogistiCare and Providence Service Corporation (now known as Modivcare), a diversified healthcare and human services company. Matt spent the first 12 years of his career in consulting at Arthur D. Little and then L.E.K. Consulting, advising large corporate organizations, middle market companies and private equity firms on strategy, operations, and M&A transactions. He then spent nearly nine years at Parthenon Capital as a senior resource team member working closely with investors and CEOs on due diligence and post-investment value creation initiatives across Parthenon portfolio companies. 'I am thrilled to join IGS during this period of strong momentum and opportunity,' said Matt. 'With an outstanding team, a reputation for excellence, and a clear focus on creating value for investors and management teams, I see enormous opportunity to build on our strengths and expand our impact.' Founders Mindy Berman and Rob Lordi shared their enthusiasm. 'Welcoming Matt marks an exciting new chapter for IGS,' said Mindy Berman. 'His strategic leadership and depth of experience make him the right person to lead the firm into its next stage.' Rob Lordi added, 'We're excited to partner with Matt to accelerate IGS' growth and continue building a market-leading platform.' 'We enthusiastically welcome Matt as the new CEO of IGS,' said Rob Zielinski, Managing Partner at Interlock Equity. 'Matt brings a strong track record of leadership, a proven ability to drive growth, and a deep alignment with the company's culture. We are confident he will create lasting value for IGS' clients, employees, and stakeholders.' About Investor Group Services (IGS) IGS provides commercial due diligence, portfolio value creation, and strategic advisory services to private equity firms and their portfolio companies. These groups rely on IGS for strategic insights, market intelligence, and research prowess to inform critical investment and strategic decisions. For additional information, please visit About Interlock Equity Interlock Equity is a Los Angeles-based private equity firm dedicated to partnering with leadership teams of knowledge-based businesses. Since its founding in 2021, Interlock has built a strong track record of supporting passionate entrepreneurs whose companies provide mission-critical services aligned with long-term growth trends. Working collaboratively with management teams, Interlock delivers strategic and operational guidance to help businesses navigate the complexities and opportunities of rapid expansion. For additional information, please visit View original content to download multimedia: SOURCE Investor Group Services
Yahoo
2 days ago
- Business
- Yahoo
GlobalData extends ICG bid deadline, ends takeover talks with KKR
(Reuters) -Britain's GlobalData on Wednesday extended the deadline to June 11 for private equity firm ICG to make a firm takeover offer, while ending talks with KKR after failing to reach an agreement on terms. GlobalData, headquartered in London, offers data analytics and consulting services across various sectors, including healthcare, aerospace and financial services. It has a market capitalisation of 1.52 billion pounds ($2.1 billion) as of May, according to LSEG data. The data analytics and consulting company said in April it was in talks with funds managed by ICG and KKR for a possible cash offer, including an option for shareholders to elect for an unlisted equity alternative. The deadline for both private equity funds to make a bid was May 28. UK companies have seen a rise in M&A activity. A survey last November showed that private equity firms expect increased deal activity in the UK in 2025. ($1 = 0.7418 pounds) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
