On the financial sector radar this week: Lytx has been acquired by private equity firm GTCR for $500 million after a successful recovery from near-bankruptcy. Meanwhile, CVC plans to back mid-market tech companies with a $1 billion fund.
Insights
- Thycotic looks to improve cybersecurity for privileged accounts following the acquisition of companies like Arellia and iSight.
- PE firm Arsenal is expanding its investments in the rubber and plastic additives industry.
- Yahoo is currently exploring its options while companies like Time, Inc. consider making an offer to acquire it.
- It may be time to dust off your resume. HarbourVest Partners is currently looking for a new vice president, making it one of several companies that is seeking senior staff members.
- Thomas H. Lee has made an offer to buy out Shutterfly.
- Viacom is seeking a minority investor in the ailing Paramount Pictures.
- Energy M&A�expectations have dropped over the past six months.
Transactions
- PE firm Wynnchurch is expanding its manufacturing portfolio by adding Texas Hydraulics.
- Sysco fails to add U.S. Foods to its acquisitions but succeeded with food distributor Brakes Group.
- Monster Beverage acquires flavors supplier American Fruits, adding to the list of beverage companies that have made recent deals.
- Oracle has purchased Israeli cloud software company Ravello Systems as part of continued efforts to expand into the cloud services niche.
- Silicon Valley is feeling the results of investor frustrations with an increase in down rounds for Q4.
- Owens Corning joins the construction trend with purchase of roofing materials manufacturer InterWrap.
This Day In History (Feb. 24): 1900: New York City Mayor Van Wyck signs the contract for New York's first rapid transit tunnel, which will join Brooklyn and Manhattan. The groundbreaking ceremony will occur a month later.