View this email online The Wire Aug. 18, 2021 Genstar’s Telestream sale moves into second round, Nonantum makes two platform investments Happy Wednesday! We have some scoopage for you this morn: Genstar’s sale of Telestream is in the second round, with an expectation that the digital video software and workflow tech provider will command interest from telecom providers and PE shops, writes Milana Vinn on the Hub today. Also, emerging manager Nonantum Capital made two platform investments in Helix Traffic Solutions and Lifted Trucks. The firm sourced the Helix deal through its executive network, while it sourced the Lifted Trucks investment through its deal partner network through its relationship with TRP Capital. Former Charlesbank Capital executive Jon Biotti formed Nonantum Capital, which closed its debut fund on $385 million in 2018. Nonantum raised capital from former partners and a select group of LPs in a few months, Buyouts previously reported. Read more here. That’s it for me! Hit me up with tips n’ gossip, feedback or just to chat at [email protected] or find me on LinkedIn. Read the full PE Hub Wire column here on PE Hub. Also of note (may require subscriptions) Home improvement: Charlesbank Capital made a majority investment in Empire, which provides installed home improvements. H.I.G. Capital, which invested in the company in 2016, will retain a stake in the company. Read it here on PE Hub. Life sciences: WestView Capital Partners recapitalized Framework Solutions, which provides outsourced business and consulting services focusing on clients’ operational and strategic needs within their medical, legal, regulatory and/or promotional review committee processes. WestView has invested in multiple companies that provide outsourced services to life science and pharma companies. Read it here. New life: More than one-third of the top 50 biggest firms in PEI’s most recent PEI 300 ranking have either completed or are undertaking continuation vehicle deals. The list includes GA, Blackstone, TPG and Warburg Pincus. Read it here on PEI. PE Deals They said it “The feeling is like you’re sending out invitations for a party and you can never be 100 percent certain anyone is going to show up. Whenever anyone does show up, you’re pretty honored and gratified by that.” Jon Biotti, founder of Nonantum Capital, described to Buyouts in 2018 about raising a first-time fund. 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. FIND OUT MORE 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. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. |