JMI Equity made a $40m growth investment in RainFocus, the leading event marketing platform. The funding will be used to accelerate and broaden product development efforts, expand RainFocus' global organization and further other strategic initiatives.
"The value of our partnership with JMI Equity was immediately apparent," said JR Sherman, CEO of RainFocus. "The culture and team at JMI are uniquely suited and equipped to augment our strong leadership team, guide implementation of scalable infrastructure and fuel our growth. JMI's extensive history of success in the SaaS space made them the ideal partner for the disruptive strategy at RainFocus."
Transom Capital acquired SemiTorr Group, a leading distributor for high purity gas and fluid handling systems and components supporting the microelectronics, sanitary and industrial markets, from Riverlake Partners. Financial terms were not disclosed.
“SemiTorr provides a unique value proposition to its suppliers and customers and has a best-in-class management team. It represents the market-leading brands in the high purity space and maintains a blue-chip customer base in its respective end-markets. Partnering with SemiTorr’s leadership team was an easy decision for us and we look forward to supporting them in growing the business,” said James Oh, Partner at Transom Capital.
Transom was advised by Perkins Coie and O'Melveny & Myers. Bank of America Merrill Lynch and PNC provided debt financing.
Riverside-backed Health & Safety Institute, a leader in Environmental Health and Safety software, training and compliance services, acquired EMS Safety Services, a growing provider of First Aid and CPR training. Financial terms were not disclosed.
"The addition of an innovative, growing company like EMS to the HSI family of companies, continues to reinforce our mission of delivering solutions that make the workplace and community safer," says Chad Birckelbaw, Chief Executive Officer of HSI. "EMS has built a solid reputation as an innovative creator of high-quality emergency care content that is flexible and easy-to-use, and we are excited about joining together to expand new offerings to our customers."
Levine Leichtman Capital Partners closed its sixth fund at $2.5bn.
The oversubscribed Fund VI surpassed both its $2.2bn target and the $1.65bn raised for the fund’s predecessor vehicle in 2013. Capital commitments were secured from LPs including the Chicago Laborers’ Annuity & Benefit Fund, which agreed to commit up to $10m to the fund.
“We are very pleased by the support we have received from our longstanding and new limited partners,” said Levine partner Lauren Leichtman. “Investors responded very favorably to our differentiated investment strategy and to our 35-year investment track record. LLCP has generated consistent and attractive risk-adjusted returns across many economic cycles.”
Nonantum Capital recapitalized Tritium-backed RoadOne.
RoadOne is an intermodal transportation and related logistics company. As part of the recapitalization and growth investment, the current management team will continue to lead RoadOne. Financial terms were not disclosed.
With strong support from Tritium, RoadOne has grown to become one of the leading national intermodal drayage providers with over 60 locations, 1,700 trucks and multiple service brands and solutions, including First Coast Logistics, Jarvis Trans and United Global Logistics, all acquired as part of a strategic effort to expand RoadOne’s services and geographic presence.
