Great Hill Partners

Great Hill Partners Completes Recapitalization of Pareto Health | PR Newswire | 9/4/2019

… Pareto Health”), a leading employee benefit group captive manager that helps businesses with 50+ employees self-fund health benefits with greater savings and lower volatility, today announced that it has completed a recapitalization with Great Hill Partners , a leading growth-oriented private equity firm. The investment will allow the company to significantly expand its geographic footprint, sales and marketing, and industry-leading cost containment efforts. Financial terms of the transaction …

TripleTree Advises Pareto Health on its Recapitalization by Great Hill Partners | Business & Finance | heraldchronicle.com | Business Wire | 9/4/2019

MINNEAPOLIS–(BUSINESS WIRE)–Sep 4, 2019– TripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading companies in healthcare, is pleased to announce that it advised Pareto Health, Inc. (“Pareto Health”) on its recapitalization by Great Hill Partners (“Great Hill”). Pareto Health is a leading employee benefit group captive manager that helps businesses with 50+ employees self-fund health benefits with greater savings and lower volatility. The …

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Kirk Falconer wrote a new post, Thomson Reuters wraps up buy of Great Hill-backed Confirmation, on the site PE Hub | 7/22/2019

Thomson Reuters wraps up buy of Great Hill-backed Confirmation July 22, 2019 By Kirk Falconer Photo courtesy of Thomson Reuters Thomson Reuters (TSX, NYSE: TRI) has closed its acquisition of Confirmation , a Nashville, Tennessee-based provider of secure audit confirmation services. Terms weren’t released for the deal, which was announced last month. Founded in 2000, Confirmation provides digital confirmation services to more than 16,000 audit firms, 4,000 banks and …

Boston Tech Watch: Cisco, Acacia, Great Hill Partners & GNS Healthcare | 7/12/2019

Reprints Billions with a “b” is the word of the week in Boston tech news, with Cisco paying a couple billion dollars for a Massachusetts tech firm and PE firm Great Hill Partners closing its latest ten-digit growth fund. Read these stories and more in this week’s roundup: —Nebulous, a Boston company developing a cloud storage platform using blockchain technology called Sia, has raised $3.5 million in a funding …

Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public: Term Sheet | Fortune | 7/9/2019

… technology consulting firm. Financial terms weren’t disclosed. – Marlin Equity Partners acquired Clarus Commerce , a Rocky Hill, Conn.-based provider of premium loyalty programs for retailers. Financial terms weren’t disclosed. The investment was made alongside Norwest Venture Partners . Verdi Oncology , a portfolio company of Pharos Capital Group , acquired Nashville Oncology Associates PC , a Nashville, Tenn.-based cancer care provider. Financial terms weren’t disclosed. – Cinven agreed to make a “significant” investment in …

Great Hill Partners Closes Seventh Growth Buyout Fund, at $2.5 Billion | 7/9/2019

… pensions, sovereign wealth funds, endowments and foundations, insurance companies, healthcare systems, institutional fund managers, family offices, and high net worth individuals. Led by Managing Partners Christopher Gaffney, Michael Kumin, Mark Taber, and Matthew Vettel, Great Hill Partners finances the expansion, recapitalization, or acquisition of growth companies in a wide range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce …

Great Hill raises $2.5 bln for seventh buyout fund | PE Hub | 7/9/2019

Great Hill raises $2.5 bln for seventh buyout fund July 9, 2019 By Iris Dorbian Photo of piggy bank with money courtesy of malerapaso/iStock/Getty Images. Boston-based Great Hill Partners , a private equity firm, has closed its seventh oversubscribed buyout fund at a hard cap of $2.5 billion, beating its $2 billion target. Great Hill Equity Partners VII started fundraising this past February. The fund will target growing …

Great Hill Partners Raises $2.5 Billion for Seventh Growth Buyout Fund | PR Newswire | 7/9/2019

BOSTON , July 9, Great Hill Partners , a leading growth-oriented private equity firm, today announced the first and final closing of Great Hill Equity Partners VII, L.P., reaching its hard cap of $2.5 billion of limited partner commitments. Launched in February, the Fund was oversubscribed and surpassed its $2.0 billion target after five months in the market. Continue Reading (PRNewsfoto/Great Hill Partners) “We are honored and grateful for the …

Term Sheet — Monday July 1, 2019 | Fortune | 7/1/2019

… based life insurance provider, withdrew plans for an $150 million IPO. Raymond James, JMP Securities and B. Riley & Co. were underwriters in the deal. The firm planned to list on the NYSE as “AVI.” • Livongo Health , a Mountain View, Calif.-based healthcare platform for chronic illness management, filed for an $100 million IPO. It posted revenue of $68.4 million in 2018 and loss of $33.5 million. General Catalyst, Kinnevik Online …

Great Hill elevates Loucks to partner | PE Hub | 7/1/2019

Great Hill elevates Loucks to partner July 1, 2019 Great Hill Partners LLC said July 1 that it promoted Drew Loucks to partner. PRESS RELEASE Great Hill Partners Promotes Drew Loucks to Partner BOSTON, MA – July 1, 2019 – Great Hill Partners, LLC, a growth-oriented private equity firm based in Boston, today announced the promotion of Drew Loucks to Partner. “We are excited to recognize the contributions Drew has made …

Great Hill to exit Symmetry Holding | PE Hub | 6/26/2019

… 24 Intermediate Holdings Inc . Financial terms weren’t announced. Secure-24 is a unit of NTT Communications. Symmetry provides enterprise application management, hybrid cloud services and GRC software solutions with a SAP focus. PRESS RELEASE Great Hill Partners Agrees to Sell Symmetry Holding, Inc. BOSTON – June 26, 2019 – Great Hill Partners, a leading growth-oriented private equity firm, today announced that it has entered into a definitive agreement to sell its …

Catalyst Invests in EnterpriseDB | 6/26/2019

… growth and we’re excited to be partnering with the team to unlock this value,” said Derek Schoettle , operating partner, Great Hill Partners. Expanding on their 10-year relationship together, Catalyst Investors invested along side Great Hill Partners with partner Todd Clapp joining the board of directors and stating, “EnterpriseDB’s leadership in the Postgres community positions it to capture tremendous market share as enterprises continue to migrate away from legacy, proprietary …

Great Hill Partners buys EnterpriseDB | PE Hub | 6/26/2019

… growth and we’re excited to be partnering with the team to unlock this value,” said Derek Schoettle, operating partner, Great Hill Partners. Expanding on their 10-year relationship together, Catalyst Investors invested along side Great Hill Partners with partner Todd Clapp joining the board of directors and stating, “EnterpriseDB’s leadership in the Postgres community positions it to capture tremendous market share as enterprises continue to migrate away from legacy, proprietary …

EnterpriseDB Acquired by Great Hill Partners | 6/26/2019

EnterpriseDB Acquired by Great Hill Partners Includes acquisition of fast-growing and market-leading Postgres database management company targeting the enterprise Dr. Michael Stonebraker, database technology and Postgres inventor, named technical advisor and recognized database expert and entrepreneur Andy Palmer named to Board of Directors BEDFORD, Mass., June 26, 2019– EnterpriseDB, the enterprise Postgres company, today announced it has been acquired by Great Hill Partners, a leading growth-oriented private …

Term Sheet — Monday, June 17 | Fortune | 6/17/2019

… of ArisGlobal , a Coral Gables, Fla.-based life sciences software company, in a deal that values the company at $700 million including debt, according to The Wall Street Journal. Read more. Advertisement OTHER DEALS • Pfizer Inc. (NYSE: PFE) agreed to acquire Array BioPharma Inc. (NASDAQ: ARRY) for approximately $11.4 billion. Advertisement IPOs • BridgeBio Pharma, a company that identifies and advances transformative medicines to treat patients who suffer from Mendelian diseases …

Term Sheet – Monday, June 17 | Yahoo News | 6/17/2019

… stake of ArisGlobal , a Coral Gables, Fla.-based life sciences software company, in a deal that values the company at $700 million including debt, according to The Wall Street Journal. Read more. OTHER DEALS • Pfizer Inc. (NYSE: PFE) agreed to acquire Array BioPharma Inc. (NASDAQ: ARRY) for approximately $11.4 billion. IPOs • BridgeBio Pharma, a company that identifies and advances transformative medicines to treat patients who suffer from Mendelian diseases, plans …

The Funded: 5 Bay Area companies going public this week, 2 more set IPO targets | The Business Journals | 6/17/2019

TechFlash Editor, Silicon Valley Business Journal Jun 17, 2019, 12:02pm PDT Updated Jun 17, 2019, 1:16pm PDT The first half of 2019 is going out with a bang, in terms of Bay Area startups going public. Five new stocks from the region are scheduled to debut on Thursday and two other companies set target ranges for what could be the first local IPOs of the second half. Here’s the rundown …

Mission Recognized on CRN’s 2019 Solution Provider List | Globe Newswire | 6/14/2019

Mission Recognized on CRN’s 2019 Solution Provider List AWS managed services and consulting partner adds to 2019 accolades on strength of revenue growth June 14, 2019 09:00 ET Source: Mission LOS ANGELES, Mission , a managed services provider and Advanced Consulting Partner in the Amazon Web Services (AWS) Partner Network ( APN ), today announced that CRN ® , a brand of The Channel Company , has named Mission to its 2019 Solution Provider 500 list …

Mission Recognized on CRNs 2019 Solution Provider List | Financial Buzz | 6/14/2019

LOS ANGELES, Mission , a managed services provider and Advanced Consulting Partner in the Amazon Web Services (AWS) Partner Network ( APN ), today announced that CRN ® , a brand of The Channel Company , has named Mission to its 2019 Solution Provider 500 list. This annual list ranks the largest North American IT channel partner organizations by revenue. The Solution Provider 500 recognizes the highest performing technology integrators, strategic service providers and IT consultants …

Morningstar Properties Appoints New President, Adds SVP of Operations and SVP of Storage Strategy | Markets Insider | Business Insider | 6/12/2019

… industry. A native of Atlanta , Hawkins began her career with McColl Partners in Charlotte as an investment banking analyst. She then spent several years in private equity at Thoma Bravo in San Francisco and Great Hill Partners in Boston pursuing, evaluating and executing investments across myriad industries. Hawkins holds an B.A. in Economics and Political Science from the University of Georgia where she was Phi Beta Kappa and a Foundation …

AMA

Mission Recognized on CRN’s 2019 Solution Provider List | Globe Newswire | 6/14/2019

… June 14, 2019 09:00 ET Source: Mission LOS ANGELES, Mission , a managed services provider and Advanced Consulting Partner in the Amazon Web Services (AWS) Partner Network ( APN ), today announced that CRN ® , a brand of The … the company recently announced $15 million in new funding from Great Hill Partners, as well as a new offering – Mission Enterprise Support – that provides industry-leading SLAs, proactive best AWS practice guidance, and AWS Advanced …

Mission Secures $15 Million in Additional Funding from Great Hill Partners to Fuel Organic Growth Through 2020 | Financial Buzz | 5/29/2019

LOS ANGELES, Mission , a managed services and consulting company for Amazon Web Services (AWS), today announced it has closed an additional $15 million of equity funding from Great Hill Partners , a leading growth-oriented private equity firm. Mission will use this capital to further accelerate the AWS managed service provider’s organic growth through 2020. The fresh round continues Great Hill Partners’ investment in Mission; the Boston-based firm initially committed …

Penn State University

Examity raises $90 million for online proctoring platform that thwarts exam cheats | VentureBeat | 4/30/2019

… and ensure they don’t cheat, has raised $90 million in a round of funding from Boston-based private equity firm Great Hill Partners. The online education industry is expected to grow from a $4 billion … exams, including a number of traditional educational institutions, such as Penn State University, Texas A&M University, and Indiana University. It expects to proctor more than 2 million such exams this year, and it also …

Examity pulls in $90 mln from Great Hill Partners | PE Hub | 4/30/2019

Examity pulls in $90 mln from Great Hill Partners April 30, 2019 Examity , a provider of an online proctoring platform, has secured $90 million in funding. The investor was Great Hill Partners . Raymond James & Associates … more than 2 million exams for higher education institutions including Penn State University, Texas A&M, and Western Governors University. It also supports a growing number of employers and certification providers, including Amazon and MongoDB

Amazon Web Services

Mission Recognized on CRN’s 2019 Solution Provider List | Globe Newswire | 6/14/2019

… June 14, 2019 09:00 ET Source: Mission LOS ANGELES, Mission , a managed services provider and Advanced Consulting Partner in the Amazon Web Services (AWS) Partner Network ( APN ), today announced that CRN ® , a brand of The … the company recently announced $15 million in new funding from Great Hill Partners, as well as a new offering – Mission Enterprise Support – that provides industry-leading SLAs, proactive best AWS practice guidance, and AWS Advanced …

Mission Secures $15 Million in Additional Funding from Great Hill Partners to Fuel Organic Growth Through 2020 | Financial Buzz | 5/29/2019

LOS ANGELES, Mission , a managed services and consulting company for Amazon Web Services (AWS), today announced it has closed an additional $15 million of equity funding from Great Hill Partners , a leading growth-oriented private equity firm. Mission will use this capital to further accelerate the AWS managed service provider’s organic growth through 2020. The fresh round continues Great Hill Partners’ investment in Mission; the Boston-based firm initially committed …

Morgan Stanley

Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public: Term Sheet | Fortune | 7/9/2019

… to $14.00. The firm posted $531.5 million in revenue and loss of $127.4 million in 2018. Tencent backs the firm. Morgan Stanley, J.P. Morgan and BofA Merrill Lynch are underwriters. It plans to list on … The sellers included Deutsche Beteiligungs AG. Financial terms weren’t disclosed. – Great Hill Partners acquired EnterpriseDB , a Bedford, Mass.-based developer of Postgres software. The seller was PeakEquity Partners . Financial terms weren’t disclosed. – Ardian sold Schleich …

Goldman Sachs

Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public: Term Sheet | Fortune | 7/9/2019

… It posted revenue of $363.6 million in 2018 and income of $37.4 million. Huatai International backs the firm. J.P. Morgan, Goldman Sachs, Credit Suisse, and Huatai Securities are underwriters. It plans to list on the … The sellers included Deutsche Beteiligungs AG. Financial terms weren’t disclosed. – Great Hill Partners acquired EnterpriseDB , a Bedford, Mass.-based developer of Postgres software. The seller was PeakEquity Partners . Financial terms weren’t disclosed. – Ardian sold Schleich …

Andreessen Horowitz

The Funded: 5 Bay Area companies going public this week, 2 more set IPO targets | The Business Journals | 6/17/2019

… are Palo Alto-based Accel, which owns nearly 24 percent of Slack’s shares going into the IPO. Menlo Park-based Andreessen Horowitz has about 13 percent. Another Palo Alto firm, Social Capital, owns about 10 … the top of its target range. Its big investors are Great Hill Partners (14.7 percent), Canaan Partners (13 percent ) and Perella Weinberg Partners (11 percent pre-offering). ( Read the full prospectus here. ) Funding • CollectiveHealth Inc …

Term Sheet – Wednesday, May 1 | Yahoo News | 5/1/2019

… confirmed that it made a $1 billion investment in Rappi , a Colombia-based on-demand delivery startup backed by Sequoia, Andreessen Horowitz, and DST Global. (Note that SoftBank Group and Vision Fund will each invest … proctoring platform, raised $90 million in funding. The investor was Great Hill Partners . • Technisys , an Argentina-based provider of a digital banking software platform, raised $50 million in Series C funding. Riverwood Capital led the …

Summit Partners

Term Sheet — Monday, June 17 | Fortune | 6/17/2019

… at performance aggregated by manager, but we don’t.” Regardless, it’s interesting to see fund performance in this format. Looks like Summit Partners has also fared well. GOLDMAN SACHS STRATEGY SHAKE-UP: Goldman Sachs is upping … Perella Weinberg Partners ( 11% pre-offering ), Canaan Partners ( 13% ) and Great Hill Partners ( 14.7% ) . It plans to list on the Nasdaq as “REAL.” Read more . • Adaptive Biotechnologies , a Seattle-based maker of an immunosequencing platform …

Term Sheet – Monday, June 17 | Yahoo News | 6/17/2019

… at performance aggregated by manager, but we don’t.” Regardless, it’s interesting to see fund performance in this format. Looks like Summit Partners has also fared well. GOLDMAN SACHS STRATEGY SHAKE-UP: Goldman Sachs is upping … Perella Weinberg Partners ( 11% pre-offering ), Canaan Partners ( 13% ) and Great Hill Partners ( 14.7% ) . It plans to list on the Nasdaq as “REAL.” Read more . • Adaptive Biotechnologies , a Seattle-based maker of an immunosequencing platform …

Union Square Ventures

Term Sheet — Monday, June 17 | Fortune | 6/17/2019

… IRR GOALS:’ This chart was making the rounds on Twitter this weekend showing aggregated fund performance sorted by fund manager. Union Square Ventures showed nearly 60% internal rate of return (IRR) across eight funds. The … Perella Weinberg Partners ( 11% pre-offering ), Canaan Partners ( 13% ) and Great Hill Partners ( 14.7% ) . It plans to list on the Nasdaq as “REAL.” Read more . • Adaptive Biotechnologies , a Seattle-based maker of an immunosequencing platform …

Term Sheet – Monday, June 17 | Yahoo News | 6/17/2019

… IRR GOALS:’ This chart was making the rounds on Twitter this weekend showing aggregated fund performance sorted by fund manager. Union Square Ventures showed nearly 60% internal rate of return (IRR) across eight funds. The … Perella Weinberg Partners ( 11% pre-offering ), Canaan Partners ( 13% ) and Great Hill Partners ( 14.7% ) . It plans to list on the Nasdaq as “REAL.” Read more . • Adaptive Biotechnologies , a Seattle-based maker of an immunosequencing platform …

Industry Ventures

Funding Could Bring The RealReal To $1B Valuation | 4/24/2019

Great Hill Partners, Sandbridge Capital, PWP Growth Equity, Industry Ventures, Greycroft and Canaan. In July, the company, which was founded in 2011, raised $115 million in funding, led by Perella Weinberg Partners, with participation from Sandbridge Capital and Great Hill Partners. “Over the last seven years, we have re-envisioned the experience of buying and selling luxury goods, and become a leader in the circular economy for luxury goods,” Wainwright …

Luxury consignment e-tailer The RealReal to enter the unicorn club with new funding | TechCrunch | 4/23/2019

Great Hill Partners, Sandbridge Capital, PWP Growth Equity, Industry Ventures, Greycroft Partners and Canaan Partners. Most recently, The RealReal closed a Series G financing of $115 million in July 2018 that valued the business at $745 million, per PitchBook . The RealReal has recently expanded its brick-and-mortar footprint and added additional e-commerce fulfillment centers as demand increased for its supply of second-hand luxury items. Founded in 2011 …

Bain Capital

Term Sheet — Monday July 1, 2019 | Fortune | 7/1/2019

… traced back to the leveraged buyout of iHeartMedia at the start of the financial crisis by Thomas H. Lee and Bain Capital. “We intend to use the net proceeds from this offering to repay a … as Partner; and Mary Carmen Gasco-Buisson as Managing Director. • Great Hill Partners promoted Drew Loucks to partner. SHARE TODAY’S TERM SHEET Lucinda Shen compiled today’s Term Sheet. Reach her . You May Like …

Chrome River Closes 2017 with Record-breaking Revenue and Customer Growth | Business Wire | 1/19/2018

Bain Capital Ventures, First Analysis and Great Hill Partners. These funds will be used to further Chrome River’s global growth, including support for international expansion, product innovation and potential acquisitions. In addition, Chrome River will use the investment to further strengthen its global service and support teams. The company saw significant traction in product innovation in 2017. This includes the launch of Chrome River PROSPER , which enables organizations to analyze …

Social Capital

Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public: Term Sheet | Fortune | 7/9/2019

Wow, OK, let’s start the day off with a bang. Two years ago, I wrote about Social Capital’s Chamath Palihapitiya’s lofty goal of helping billion-dollar startups get liquid sooner. At the time, he had … The sellers included Deutsche Beteiligungs AG. Financial terms weren’t disclosed. – Great Hill Partners acquired EnterpriseDB , a Bedford, Mass.-based developer of Postgres software. The seller was PeakEquity Partners . Financial terms weren’t disclosed. – Ardian sold Schleich

Sequoia Capital

Term Sheet – Wednesday, May 1 | Yahoo News | 5/1/2019

Sequoia Capital, B Capital, LightStreet, Sands Capital and International Finance Corporation . Read more. • Examity , a Natick, Mass.-based provider of an online proctoring platform, raised $90 million in funding. The investor was Great Hill Partners . • Technisys , an Argentina-based provider of a digital banking software platform, raised $50 million in Series C funding. Riverwood Capital led the round. • Red Canary , a Denver-based provider of security operations solutions, raised $34 …

Term Sheet – Wednesday, May 1 - Fortune | 5/1/2019

Sequoia Capital, B Capital, LightStreet, Sands Capital and International Finance Corporation . Read more. • Examity , a Natick, Mass.-based provider of an online proctoring platform, raised $90 million in funding. The investor was Great Hill Partners . • Technisys , a Miami-based provider of a digital banking software platform, raised $50 million in Series C funding. Riverwood Capital led the round. • Red Canary , a Denver-based provider of security operations solutions, raised $34 …

Canaan Partners

Luxury consignment e-tailer The RealReal to enter the unicorn club with new funding | TechCrunch | 4/23/2019

Great Hill Partners, Sandbridge Capital, PWP Growth Equity, Industry Ventures, Greycroft Partners and Canaan Partners. Most recently, The RealReal closed a Series G financing of $115 million in July 2018 that valued the business at $745 million, per PitchBook . The RealReal has recently expanded its brick-and-mortar footprint and added additional e-commerce fulfillment centers as demand increased for its supply of second-hand luxury items. Founded in 2011 …

Drew Loucks

Great Hill elevates Loucks to partner | PE Hub | 7/1/2019

Great Hill elevates Loucks to partner July 1, 2019 Great Hill Partners LLC said July 1 that it promoted Drew Loucks to partner. PRESS RELEASE Great Hill Partners Promotes Drew Loucks to Partner BOSTON, MA – July 1, 2019 – Great Hill Partners, LLC, a growth-oriented private equity firm based in Boston, today announced the promotion of Drew Loucks to Partner. “We are excited to recognize the contributions Drew has made …

Great Hill to exit Symmetry Holding | PE Hub | 6/26/2019

Great Hill to exit Symmetry Holding June 26, 2019 Follow @LuisaRBeltran Great Hill Partners said June 26 that it agreed to sell its stake in Symmetry Holding Inc to Secure-24 Intermediate Holdings Inc . Financial … success driving sustainable growth in a rapidly changing marketplace,” said Drew Loucks, Principal, Great Hill Partners. “As a result of a fantastic partnership, intuitive market knowledge and high-touch client-centric business model, Symmetry is

Michael London

Examity raises $90 million for online proctoring platform that thwarts exam cheats | VentureBeat | 4/30/2019

… and ensure they don’t cheat, has raised $90 million in a round of funding from Boston-based private equity firm Great Hill Partners. The online education industry is expected to grow from a $4 billion … ensure confidence in student outcomes,” said Examity founder and CEO Michael London. Authenticate The Newton, Massachusetts-based startup offers a handful of services to ensure the person being tested is who they say they are …

Examity pulls in $90 mln from Great Hill Partners | PE Hub | 4/30/2019

Examity pulls in $90 mln from Great Hill Partners April 30, 2019 Examity , a provider of an online proctoring platform, has secured $90 million in funding. The investor was Great Hill Partners . Raymond James & Associates … the learning experience and ensure confidence in student outcomes,” said Michael London, Founder and CEO of Examity. “This investment will enable us to scale and help universities, employers, and certification providers make good on the

Anthony Ha

Mobile ticketing company TodayTix raises $73M in new funding | TechCrunch | 5/16/2019

Anthony Ha @anthonyha / 2 days TodayTix , a mobile ticketing company that makes it easy and relatively affordable to go to Broadway shows and other live performances, is announcing a new $73 million round of funding led by private equity firm Great Hill Partners. F ounded in 2013, the company initially served as the mobile equivalent of New York’s TKTS booths for discounted, last-minute theater tickets. TodayTix says it’s now …

Gizmodo Media Group acquired by private equity firm Great Hill Partners | TechCrunch | 4/8/2019

Anthony Ha @anthonyha / 14 hours Gizmodo Media Group and The Onion have a new owner — private equity firm Great Hill Partners. As part of the deal, digital media executive Jim Spanfeller is becoming CEO of (and an investor in) the renamed G/O Media. Spanfeller previously led Forbes.com as CEO and also founded Spanfeller Media Group, the company behind the Daily Meal. “This opportunity comes at a time when the …

Richard Branson

Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public: Term Sheet | Fortune | 7/9/2019

… already raised more than $1 billion since it was founded in 2004 —the funds coming mostly from Virgin Group founder Richard Branson. “By taking Virgin Galactic public, at this advanced point in its development, we … The sellers included Deutsche Beteiligungs AG. Financial terms weren’t disclosed. – Great Hill Partners acquired EnterpriseDB , a Bedford, Mass.-based developer of Postgres software. The seller was PeakEquity Partners . Financial terms weren’t disclosed. – Ardian sold Schleich …

Chamath Palihapitiya

Richard Branson and Chamath Palihapitiya Partner to Take Space Tourism Company Virgin Galactic Public: Term Sheet | Fortune | 7/9/2019

Wow, OK, let’s start the day off with a bang. Two years ago, I wrote about Social Capital’s Chamath Palihapitiya’s lofty goal of helping billion-dollar startups get liquid sooner. At the time, he had … The sellers included Deutsche Beteiligungs AG. Financial terms weren’t disclosed. – Great Hill Partners acquired EnterpriseDB , a Bedford, Mass.-based developer of Postgres software. The seller was PeakEquity Partners . Financial terms weren’t disclosed. – Ardian sold Schleich