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Nov 1, 2024 | 
ionanalytics.com | Marlene Givant Star |Carlos Martinez
News (Intelligence) Phunware [NASDAQ: PHUN], a company known for providing a mobile app for Donald Trump’s 2020 re-election campaign, could look at acquisitions, said Stephen Chen, interim CEO. The Austin, Texas-based company has a 20 point-rubric for M&A, he said. It is aiming to get direct access to Fortune 5000 customers and federal contracts or obtain work in generative artificial intelligence (AI).
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Oct 2, 2024 | 
ionanalytics.com | Cristiano Dalla Bona |Marlene Givant Star |Troy Hooper |Raj Saiya
Sponsors return to IPO market to try and do deals before US electionHopes grow for good 2025 should volatility fallStandardAero “frontrunner” for other US IPOsA sudden window for new IPO issuance has opened in the US, as issuers – particularly sponsors – seek to make the most out of the few weeks left before the election. Prompted by a rate cut from the US Federal Reserve, and a positive market reaction, several IPO candidates are taking advantage of relative stability to launch a new listing.
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Sep 26, 2024 | 
ionanalytics.com | Marlene Givant Star |Bhavna Kaul |Carlos Martinez
News (Intelligence) Prometric, an assessment and testing company focused on higher education, is preparing to come to market, said three sources familiar with the matter. Two of the sources said the company generates about USD 150m of EBITDA, while the third source said EBITDA is between USD 150m and USD 160m. The sources were not certain if a bank has been named to advise. One of the sources said the timing for a launch is likely to be three to six months from now.
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Jun 25, 2024 | 
ionanalytics.com | Tom Cane |Bhavna Kaul |Sam Weisberg |Marlene Givant Star
News (Intelligence) Wind River Environmental, a provider of liquid waste management services, is exploring a sale process, four sources familiar with the situation said. The Gryphon Investors-backed company is working with investment banks William Blair and Baird on the process, said two of the sources. The process has not yet launched, all four sources said.
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Jun 24, 2024 | 
ionanalytics.com | Marlene Givant Star |Carlos Martinez
Agiloft, a Redwood City, California-based contract lifecycle management (CLM) company, could be positioned for an eventual IPO, said Jimmy Miele, a director at KKR, which acquired a majority stake in the company this month. “We see a really strong growth path for the business – we think it could ultimately IPO,” Miele said.
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Jun 20, 2024 | 
ionanalytics.com | Marlene Givant Star |Carlos Martinez
CIBO Technologies,a provider of software supporting regenerative agriculture, has its sights on a growth equity raise within the next 12 months, said CEO Daniel Ryan. The company has raised in excess of USD 50m to date. At the end of last year, it completed a second close of its Series C round, he said. “We will do a growth equity financing with an impact investor, probably in the next 12 months or so,” Ryan said. The company plans to raise more than USD 10m but less than USD 25m, he added.
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Jun 11, 2024 | 
ionanalytics.com | Marlene Givant Star |Carlos Martinez
News (Intelligence) Ascend Learning, a professional training and certification business backed by Blackstone [NYSE:BX] and Canada Pension Plan Investment Board, is exploring a sale of its ClickSafety unit, said two sources familiar with the matter and an industry source. ClickSafety is a Burlington, Massachusetts-based online safety training company for construction and general industries.
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May 22, 2024 | 
ionanalytics.com | Marlene Givant Star |Carlos Martinez
HR Path, a France-based global provider of human resources (HR), business consulting, outsourcing and integration software and services, is actively pursing acquisitions in the US, Latin America, the Nordics and possibly Germany, said partner Frederic Van Bellinghen. Targets could range in size from EUR/USD 5m to EUR/USD 20m in terms of annual recurring revenue (ARR), Van Bellinghen said. A member of the firm’s executive board, he focuses on North America and Latin America.
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Mar 5, 2024 | 
ionanalytics.com | Marlene Givant Star |Izaz Ansari |Carlos Martinez
The staffing sector in North America saw lower levels of dealmaking in 2023 for the same reason M&A activity slowed in other segments – a higher interest rate environment and economic uncertainty. What’s more, the industry was coming off a record run-up in 2021 and 2022 owing to “The Great Resignation” following the Covid-19 pandemic. “Staffing is still a big challenge post-pandemic but (M&A) growth has slowed,” says Barry Asin, chief analyst of Staffing Industry Analysts.
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Feb 6, 2024 | 
ionanalytics.com | Marlene Givant Star |Carlos Martinez
BusPatrol, an artificial intelligence-powered safety technology company, could look at making its first acquisitions, CEO Karoon Monfared said. The Lorton, Virginia-based school bus safety company announced a significant strategic growth investment from GI Partners on 9 January. In an interview, Monfared said the investment represented a majority stake. Existing investor FIT Ventures remains a minority shareholder.
