David Elman

New York

Senior Editor, Bankruptcy at The Deal

Restructuring/ad hoc drinks/etc. editor @TheDealNewsroom. Newsletter compiler. Protector of style rules. Eternal travel dreamer. Opinions my own.

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Articles

Late Registration Of A Class Action To The National Class Actions Database Does Not Render The Action A Nullity

1 month ago | mondaq.com | Robert Stefanelli |Glenn Zakaib |David Elman |Alyson Sutton

When two or more putative class proceedings are commenced andinvolve the same or similar subject matter and some or all of thesame proposed class members, a representative plaintiff may, ifthey are unable or unwilling to cooperate with the otherrepresentative plaintiffs, move to have the court determine whichproceeding would best advance the claims of the class(i.e. a carriage motion).
Katten's Mark Solomon

Oct 10, 2024 | thedeal.com | David Elman

Immensely wealthy families have been critical to the economy of Dallas, Mark S. Solomon said on this week’s Drinks With The Deal podcast. Solomon, now an M&A and private equity partner at Katten Muchin Rosenman LLP and managing partner of the firm’s Dallas office, started his career there in 1985 at a firm that did a lot of work for the Hunt family; one of his partners still works for Hunt entities, he said.
Harvest Partners Sells Service Express to Warburg Pincus

Aug 23, 2024 | thedeal.com | David Elman

Back to News M&ABy Sangita Shah|Published: August 23rd, 2024Existing management of the data center services provider, led by CEO Ron Alvesteffer, will continue to lead the company. Harvest Partners LP on Thursday, Aug. 15, announced the sale of data center services provider Service Express Inc. to Warburg Pincus LLC. The existing management team led by CEO Ron Alvesteffer will continue to head Service Express.
Summit Partners Sells MercuryGate to KKR's Körber

Aug 9, 2024 | thedeal.com | David Elman

Körber Supply Chain Software GmbH, a provider of end-to-end supply chain software services, on Tuesday, Aug. 6, announced the acquisition of MercuryGate International Inc., a provider of transportation management systems backed by Summit Partners. Hamburg-based Körber Supply Chain, a joint venture between Körber AG and KKR & Co. (KKR), did not disclose the deal’s financial details.
Bending Spoons Acquires PE-Backed WeTransfer

Aug 9, 2024 | thedeal.com | David Elman

Back to News Private EquityBy Sunaina Agarwal|Published: August 9th, 2024The mobile technology and app development company acquires the Dutch digital file sharing and collaboration platform for an undisclosed sum. The Deal named WeTransfer as ripe for a potential exit last May. Bending Spoons SpA on Wednesday, July 31, announced the acquisition of Highland Capital Partners LLC and HPE Growth Capital portfolio holding WeTransfer BV.
Permira's Mimecast Adds On PE-Backed Code42

Aug 1, 2024 | thedeal.com | David Elman

Permira portfolio company Mimecast Ltd. on Wednesday, July 24, said it’s acquired cybersecurity software company Code42 Software Inc. The London-based human risk management platform said the acquisition will enable Mimecast to aid organizations in managing and mitigating human-centered security risks. Mimecast, which did not disclose the terms of the transaction, added that it will continue to maintain and support Code42’s existing customer base.
Genstar Joins TA at AffiniPay, Apax Exits

Jul 19, 2024 | thedeal.com | David Elman

Back to News Private EquityBy Sangita Shah|Published: July 19th, 2024Genstar picks up a minority stake in the payment processing company at a reported valuation of roughly $3 billion including debt. Genstar Capital LLC and TA Associates Inc. on Wednesday, July 17, said Genstar will make a significant investment in payment processing company AffiniPay Holding LLC. The private equity firms did not disclose the financial details of the transaction.
Jana Agitates for M&A at Rapid7

Jun 28, 2024 | thedeal.com | David Elman

Activist investor Jana Partners LLC has accumulated a stake in Rapid7 Inc. (RPD) and is agitating to have the cybersecurity company find a buyer, The Deal has confirmed. Consequently, Boston-based Rapid7, which joined The Deal’s Watch List of possible activist candidates in October, becomes a Direct Hit since it now faces a high-profile insurgent investor. Rapid7 switched from the Watch List to the Crosshairs list in November. Rapid7 is reportedly working with Cannae Holdings Inc.
Goldman's David Dubner on Rise in Spinoffs

Dec 19, 2023 | thedeal.com | David Elman |Nikitha Sattiraju

On the latest episode of The Deal’s Behind the Buyouts podcast, Goldman, Sachs & Co.’s head of M&A structuring, David Dubner, dives into the rise in spinoffs and divestitures globally. The number of such transactions, or “corporate separations” as Dubner calls them, reached their highest in a decade at 30 global deals in 2022, according to a May report from Goldman and Ernst & Young LLP.
Mubadala's Plan to Digitize Corporate Enterprise

Dec 5, 2023 | thedeal.com | Chris Nolter |David Elman

As head of technology and software investments for Mubadala Investment Co., Ali Osman has been tracking companies that develop software to digitize human resources processes, customer relationship management, resource planning, financial suite applications and other tasks that make businesses more productive. “We’re seeing digital transformation across a variety of horizontal software capabilities,” Osman said.