| Thoma Bravo prepares to put Riskonnect on the block, Linden sees 8x return on HydraFacial investment Morning!
This is Chris, on the Wire this morning. Let me know what else you’d like to see us do on here, or of course, if you have any tips, at [email protected].
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Hittin’ the market: Thoma Bravo has been everywhere recently, it seems. Now we have word, via M&A scoopster Milana Vinn, that the firm is getting ready to shop Riskonnect after a three-year hold. (I have to admit, I’m not a huge fan of the company’s name).
Riskonnect is cloud-based software (natch) for compliance management, business continuity management, enterprise risk management and audit management.
Compliance has been hot this year. Read Milana’s story here for the details.
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Note to Readers: It's that time of year ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards.
Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year.
Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian.
If you have additional questions, email Private Equity Editor Chris Witkowsky at [email protected].
Also of note (may require subscriptions) Broad: Summit Partners is the latest in a series of blue-chip managers to find ways to sort out assets in older funds through secondary processes. Summit is running a broad process to move multiple assets out of several older funds in what could be a $1.5 billion or more secondary. Check it out on Buyouts.
Big one: Platinum Equity agreed to buy HNA Group Co.’s tech distribution business Ingram Micro Inc in a deal valued at about $7.2 billion, writes Bloomberg. Read it here.
Diversity: Apollo Global Management found there were only about 95 black professionals at the principal or director level in private equity, citing data from a third party hired to analyze industry progress. Read it here on Bloomberg.
PE Deals 
They said it “It’s an issue of how do we create a more diverse ecosystem -- from entry-level positions for young junior-level associates to controlling for attrition. So we’re doubling down on our efforts to build a more diverse pipeline.” Jonathan Simon, head of leadership development and diversity at Apollo, on findings about diversity in private equity.
Today's letter was prepared by Chris Witkowsky. Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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