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.
Recent Headlines
PE shops to unload Vertafore for $5.35B*
“Vista Equity Partners and Bain Capital have agreed to sell Vertafore, a Denver-based provider of insurance software, to software conglomerate Roper Technologies for $5.35 billion. Vista and Bain acquired Vertafore from TPG Capital in 2016 for around $2.7 billion, including debt.”
China's 58.com to go private in $8.7 billion deal*
“Chinese online classifieds 58.com Inc. WUBA.N said on Monday it would be taken private by a consortium of investors, backed by private equity firms Warburg Pincus and General Atlantic, in a deal that valued the company at about $8.7 billion.”
Silver Lake wins approval for $2.6B SPAC sale*
“Shareholders in Far Point Acquisition have approved the special-purpose acquisition company's agreement to purchase Swiss payments company Global Blue from Silver Lake in a $2.6 billion reverse merger.”
Adare Pharmaceuticals Sold to Two Private Equity Firms*
“Two private equity firms, Thomas H. Lee Partners and Frazier Healthcare Partners, are teaming up to acquire a leading specialty contract development and manufacturing organization (CDMO). The firms are buying Adare Pharmaceuticals a global provider of advanced pharmaceutical technologies, development and manufacturing. The company utilizes its differentiated pharmaceutical technology and microbiome scientific platforms to develop novel, improved medicines and therapies for the global market.”
FAT Brands completes acquisition of Johnny Rockets from Sun Capital Partners for $25 million*
“Global franchising company FAT Brands — global franchising company and owner of Fatburger, Hurricane Grill & Wings and Ponderosa and Bonanza Steakhouses — has completed the acquisition of retro diner brand Johnny Rockets that was first announced in August.”
PIF Updates Archive (Previous 4 Quarters of Articles)
Bill.com stock pops 61% after above-range IPO
Article issued by PitchBook on December 13, 2019
Thomas H. Lee Partners to sell Ten-X commercial real estate unit for $190M
Article issued by S&P Global on May 13, 2020
GHO Capital buys biotech company from Carlyle and Hellman & Friedman
Article issued by Private Equity News on June 3, 2020
NortonLifeLock agrees to repurchase $625M of convertible senior notes
Article issued by S&P Global on May 18, 2020
Top investor in Italy's Nexi cuts stake as M&A looms
Article issued by Reuters on May 27, 2020
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
Disclaimer
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.