Welcome to “PIF Updates”; a listing of articles discussing recent liquidity events related to portfolio companies in which Pomona Investment Fund (“PIF” or the “Fund”) invests through its private equity holdings.
Please refer to the recent headlines and corresponding links below for more information on these liquidity events. There is also an archive related to historical transactions labeled “PIF Updates Archive” below.
“Shares in Bill.com finished their first day of trading up more than 61% after the financial software provider's IPO on the NYSE, closing at $35.50.”
“Private equity firm Thomas H. Lee Partners LP agreed to sell Ten-X LLC's commercial real estate division to commercial real estate data provider CoStar Group Inc. for $190 million in an all-cash deal.”
“London-based healthcare specialist GHO Capital Partners has acquired biotechnology company X-Chem from Carlyle and Hellman & Friedman for an undisclosed sum.”
“NortonLifeLock Inc. agreed to repurchase $625 million worth of 2% convertible unsecured senior notes due 2022 from Bain Capital LP's Bain Capital Private Equity LP and Silver Lake. Under the terms of the deal, NortonLifeLock will pay Bain Capital and Silver Lake $1.18 billion, which reflects $19.25 per underlying share, plus unpaid interest through the settlement date and a part of a cash dividend declared on May 14, the company said May 18.”
“The top investor in Nexi has sold 8.8% of the Italian payments group, cutting its holding in a move seen by investors as easing the way for a long-awaited potential merger with rival SIA. Nexi CEO Paolo Bertoluzzo said this month talks with SIA to create an Italian payments giant continued. Sources have told Reuters negotiations will soon focus on key valuation issues. Mercury UK, a vehicle of private equity firms Advent, Bain Capital and Clessidra, said on Wednesday it had cut its stake in Nexi to 43.3% after selling 55 million shares for 781 million euros.”
PIF Updates Archive (Previous 4 Quarters of Articles)
Insight Equity Completes the Sale of Micross Components
Article issued by Insight Equity on February 14, 2020
Lytx Announces Majority Investment from the Permira Funds
Article issued by PR Newswire on January 8, 2020
Advent International Sells its Stake in Ocensa
Article issued by Advent International on February 11, 2020
Byron Allen Reaches Agreement to Purchase Eleven Television Stations from USA Television for $290 Million
Article issued by ShareCast on January 10, 2020
Saw Mill Capital Completes Sale of Pine Environmental Services, LLC
Article issued by PR Newswire on October 1, 2019
Apollo Sells 33m Watches of Switzerland Shares
Article issued by PRNewswire on January 7, 2020
Sun Capital ships toy maker to Giochi Preziosi
Article issued by PitchBook on July 1, 2019
Platinum Equity Nears $500 Million Deal for TruckPro
Article issued by Bloomberg on October 4, 2019
Advent International, Temasek arms sell 8.2% in CG Consumer
Article issued by Economic Times on December 4, 2019
Audax Private Equity Completes the Sale of CURT Group to Lippert Components, Inc.
Article issued by BusinessWire on December 30, 2019
Providence Agrees to Sell Majority Stake in OEConnection
Article issued by Providence Equity on August 1, 2019
TPG, Goldman profit from ProSight's post-IPO pop
Article issued by PitchBook on July 26, 2019
Castle Harlan and Branford Castle buy Sunless
Article issued by PE Hub on August 13, 2019
BlackRock set to take major stake in Sports Illustrated owner Authentic Brands
Article issued by MarketWatch on August 11, 2019
WorkForce Software Announces Strategic Growth Investment from Evergreen Coast Capital
Article issued by GlobeNewswire on June 24, 2019
PE-led group to buy out dialysis center operator US Renal Care
Article issued by Global on February 13, 2019
Apollo-backed watch seller surges in London debut
Article issued by PitchBook on May 31, 2019
Korean firms ink deal to acquire Momentive
Article issued by Chemical & Engineering News on September 14, 2018
Investindustrial to Buy Jacuzzi Brands From Apollo, Ares, Clearlake
Article issued by Wall Street Journal on January 14, 2019
An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. For a free copy of the Fund’s prospectus, which contains this and other information, visit us at www.pomonainvestmentfund.com. Please read prospectus carefully before investing.
*The foregoing articles are being presented as an illustration of recent underlying portfolio company activity and are not intended to be a representation of past, current and future activity of all of the underlying portfolio companies, or any performance thereof. There is no guarantee that any investment in an underlying portfolio company will be profitable or that any investment in a Pomona- sponsored fund will ultimately be profitable. Past performance is not an indication of future performance. Additional information on the other portfolio company activity available upon request. Headlines above serve as links to external articles produced by third- parties.
The above articles were selected from a listing of all return of capital distributions received by Pomona Investment Fund from April 1, 2020 through June 30, 2020. An internet search was conducted for the portfolio company associated with each return of capital distribution starting with the most recent distribution received. The first five articles identified that discuss the disposition that generated the return of capital distribution received by Pomona Investment Fund were included in this email.
Please note that Pomona Investment Fund does not guarantee the accuracy or completeness of any information presented on these third party sites and the sites may have privacy and security policies that differ from those practiced by Pomona Investment Fund. These links are offered only for use at your own discretion.
For financial professional use only. Not for inspection by, distribution or quotation to, the general public.
This landing page and its contents are strictly private, confidential and personal to its recipients and should not be copied, distributed or reproduced in whole or in part, nor passed to any third party. This email should not be distributed to the public or used in whole or in part to base an investment decision.