Payment processor First Data to raise up to $3.2 billion in IPO: Reuters

(Reuters) — Credit card processor First Data Corp said it plans to raise up to $3.2 billion from its initial public offering and will use the proceeds to cut down debt. The company was taken private in 2007 by KKR & Co LP for about $29 billion in one of the biggest leveraged buyouts before the financial crisis. Atlanta-based First Data expects its IPO to price between $18 and $20 per class A share, valuing the company at about $17.58 billion at the upper end of the range. The company plans to use proceeds from the IPO to reduce its $21.03 billion debt pile. Citigroup, Morgan Stanley, BofA Merrill Lynch and KKR are the offering’s joint bookrunning managers.

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Payment processor First Data to raise up to $3.2 billion in IPO: Reuters

Monroe Capital provides loan for Hammond, Kennedy’s buy of Partners in Leadership

Monroe Capital LLC said Tuesday that it provided a loan to support Hammond, Kennedy, Whitney & Company Inc.’s buy of Partners in Leadership Inc. Financial terms weren’t announced. Temecula, California-based Partners in Leadership provides accountability and cultural transition training services to companies. PRESS RELEASE September 29, 2015 06:00 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a unitranche credit facility to support the acquisition of Partners in Leadership, Inc. (“PIL”) by private equity sponsor, Hammond, Kennedy, Whitney & Company, Inc. Based in Temecula, California, PIL is a leading provider of accountability and cultural transition training services to blue-chip companies in more than 42 countries. The company’s training ties accountability for key organizational results directly to individual work objectives and enables organizations to define and create needed shifts in the way their people go about achieving results and creating a culture of accountability. About Monroe Capital Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2013 and 2014 Small Mid-Market Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and 2014 Senior Lender of the Year, and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.

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Monroe Capital provides loan for Hammond, Kennedy’s buy of Partners in Leadership

Warburg Pincus leads investment in college big data firm Civitas: Reuters

Private equity firm Warburg Pincus LLC said on Monday it has agreed to lead a $60 million investment round in Civitas Learning, an Austin, Texas-based startup that uses data analytics to help universities improve graduation rates. Education software and services companies have drawn record levels of investment this year, as many institutions are seeking to upgrade their learning tools to become more competitive in attracting and educating students. This was the largest funding round to date for Civitas, which was founded in 2011 by former Kaplan education executive Charles Thornburgh and an educator and administrator, Mark David Milliron. Universities and colleges that use Civitas give the company access to information from its student population such as grades, course loads, and financial aid packages. The company then analyzes the data and creates a system of predictive analytics to help universities figure out who might be at risk of dropping out. It also builds applications on top of its data platform that can help students pick majors, and analyzes for university administrators the effectiveness of courses. Civitas generates revenue by selling software subscriptions. About 850 campuses use its services, including the University of Texas at Austin and the University of Arizona, according to its website. Adarsh Sarma, managing director at Warburg Pincus, in a statement said Civitas was “a pioneer in the field of using applied data analytics to improve student outcomes.” As state- and federal-funded universities face performance-based funding requirements in which graduation rates are increasingly tied to their budgets, companies like Civitas can be brought in to seek improved results. “With this investment, we are going to be able to improve and accelerate both learning and student outcomes for our partner institutions,” said Thornburgh, Civitas’ chief executive. The company will use the money for research and development as well as potential mergers and acquisitions. Besides Warburg Pincus, the fundraising round includes previous investors including Emergence Capital Partners, Austin Ventures, Rethink Education, SJF Ventures and Gera Venture Capital. Warburg has a history of making money from investments in education technology. For example, it sold iParadigms LLC which makes “Turnitin” plagiarism software, for $752 million, including debt, to Insight Venture Partners last year.

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Warburg Pincus leads investment in college big data firm Civitas: Reuters

Ardian acquires additional stake in CLH Group

Ardian has increased its stake to 25 percent in CLH Group. No financial terms were disclosed. The seller was Repsol. Based in Spain, CLH Group is an oil products and storage company. PRESS RELEASE Madrid, September 25, 2015 – Ardian, the independent investment company, announces today the acquisition of an additional 10% equity stake in the CLH Group (Compañía Logística de Hidrocarburos), the Spanish oil products and storage company, from Repsol, the integrated global energy company. With this investment Ardian reinforces its position as the largest shareholder in the company, increasing its shareholding to 25%. Ardian first became a shareholder in CLH in 2011 with the acquisition of a 10% stake, before acquiring an additional 5% stake in 2013. This new investment in CLH is further evidence of Ardian’s long-term commitment to essential infrastructure projects in Europe. CLH is the owner and operator of the largest Spanish oil products and storage network, with more than 4,000km of pipeline and seven million m3 of storage capacity in Spain, including strategic national reserves. CLH recently acquired the GPSS (Government Pipeline and Storage System), the largest oil distribution network in the United Kingdom, with a pipeline network of 2,000 kilometers, which represents 50% of the UK’s total network. GPSS also has 16 storage facilities with more than one million m3 combined storage capacity. Mathias Burghardt, Member of the Executive Committee and Head of Infrastructure at Ardian, said: “This investment will provide certainty and stability to CLH, a critical infrastructure asset in Spain. Ardian Infrastructure will continue to support the company’s efforts in providing its clients with the most efficient and reliable logistics services in Europe while leading the industry in further innovation.” Juan Angoitia, Managing Director of Infrastructure at Ardian, added: “Following the opening of its Madrid office in September, Ardian continues to strengthen its presence in Spain, where the company sees great opportunities. Having concluded our three transactions in CLH with customers and industrial shareholders highlights our ability to secure deal flow thanks to our local presence and network and to share long term vision for strategic assets.” Over the last decade Ardian Infrastructure has built a significant presence in core energy and transport infrastructure across Europe, forging strong partnerships with leading infrastructure players such as Abertis, the international market leader in the management of toll roads, and AENA, the public airport operator in Spain and abroad. This has led to joint investments in major infrastructure assets, including SANEF, the toll road network in France, Trados 45, a toll road in Madrid, the Vallvidrera and Cadí Tunnels near Barcelona, and London Luton Airport. ABOUT ARDIAN Ardian, founded in 1996 and led by Dominique Senequier, is an independent investment company with assets of US$50bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship. Ardian maintains a truly global network, with more than 380 employees working through eleven offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, Beijing, Singapore, Jersey, Luxembourg. The company offers its 355 investors a diversified choice of funds covering the full range of asset classes through Ardian Funds of Funds (comprising primary, early secondary and secondary activities), Ardian Private Debt, Ardian Direct funds (comprising Ardian Mid Cap Buyout, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and customized mandate solutions with Ardian Mandates.

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Ardian acquires additional stake in CLH Group

Polish postal firm InPost sets IPO price at PLN 25/shr: Reuters

Polish private postal firm InPost set its Initial Public Offering (IPO) price at 25 zlotys per share and its main shareholder Grupa Integer.pl sold shares worth 121 million zlotys ($32 million), InPost said on Friday. The IPO consisted of 4.85 million existing shares that amounted to 42 percent of the company’s capital, all offered by Integer.pl. Institutional investors, including European Bank for Reconstruction and Development (EBRD), subscribed for almost 83 percent of shares. InPost is to debut on the Warsaw bourse on October 9.

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Polish postal firm InPost sets IPO price at PLN 25/shr: Reuters