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Salesforce.com Inc. (NYSE: CRM ) agreement to purchase a software badysis company Datorama is an effort to compete with rivals Adobe Systems Inc. ( Nasdaq: ADBE) and Oracle (NYSE: ORCL). Datorama uses artificial intelligence tools for marketing and badysis. The customers of the target are Pepsico Inc. (Nasdaq: PEP) Unilever and Ticketmaster. "While Salesforce's sales cloud has saturated the customer relationship management tools market, which it dominates, the San Francisco-based company has sought to spur growth in other areas. , especially marketing. " Bloomberg News . "For Salesforce, the acquisition of Datorama aims to strengthen the data badysis capabilities of the company, so that it can provide more useful information to marketers when they target customers. " In 2016, Salesforce paid $ 700 million for the marketing software company Krux. Companies rely more and more on data to help them make better decisions, making data providers attractive M & A targets. Some other offers include: ION Investment Group purchase of Dealogic; Morningstar Inc. (Nasdaq: MORN) case for PitchBook ; and S & P Global (NYSE: SPGI) Acquisition of Kensho Technologies.
Mergers & Acquisitions Announced Rising Stars of Private Equity . These 11 promising investors should play an important role in the future. Among them: Ethan Liebermann who directed investments of TA Associates in Aldevron and MedRisk and co-sponsored CCRM Datix and SoftWriters ; and Jennifer Roach who helped Yellow Wood Partners to build PDC Brands and to sell it to CVC Capital Partners . When we spoke with the negotiators about the 11 Rising Stars, common themes emerged. All have demonstrated their ability to manage many aspects of PE activities, including: fostering relationships of trust and developing deep networks in the sectors in which they invest; to forge and / or develop their company's investments in key sectors; identify additional acquisitions and other opportunities for portfolio companies; to represent their companies in the market well; and badume leadership roles within their business, including developing new systems and tools and training other negotiators.
Congratulations to Mergers & Acquisitions & # 39; 11 Rising Stars of Private Equity :
Daniel Hopkin, Partner, Kainos Capital
John Kos, Director, GTCR [19659008] Erik Latterell, Director, Stone Arch Capital
Ethan Liebermann, Director, TA Associates
Jaime McKenzie, Director, Monomoy Capital
Jennifer Roach, Vice President, Yellow Wood Partners
Joseph Rondinelli, Director, Frontenac
David Shainberg, Vice President, Balmoral
Tom Smithburg, Vice President, Shore Capital Partners
Nicholas Stone, General Manager, Cyprium Partners [19659006] Afaf Ibraheem Warren, Senior Partner, Siris Capital
For Emerging Leaders Profiles, see Meet Mergers & Acquisitions – 11 Rising Stars of Private Equity.
[ 1 9459012] News of Contract
Clayton, Dubilier and Rice -backed NCI Building Systems Inc. (NYSE: NCS) Amalgamated with Golden Gate Capital -backed Ply Parent Gem manufacturer of exterior construction products for residential construction, for $ 5.5 billion. CD & R will hold less than 50% of the merged company's capital, while Golden Gate will hold 16%. Evercore Inc. (NYSE: EVR) and Wachtell, Lipton, Rosen & Katz advise the NCI. Credit Suisse advises Ply Gem. Debevoise & Plimpton represents Ply Gem and CD & R. Credit Suisse and RBC Capital Markets LLC provide financing.
Genstar Capital acquires a controlling interest in Cetera Financial Grou p, which operates a network of 8,000 financial advisers. UBS Investment Bank Deutsche Bank Willkie Farr and Gallagher LLP advise Genstar. Gridiron Capital LLC acquired a controlling interest in The Service Companies Inc. a provider of managed services, food and beverage staff, and cleaning services for the Hotels and games. Finn Dixon & Herling LLP advised Gridiron on the transaction. Twin Brook Capital Partners provided financing SunSource Holdings Inc ., A distributor of hydraulic and hydraulic parts and systems, bought the United Distribution Group Inc. The Target is a distributor of fluid products for the maintenance, repair and operations, energy, mining and industry sectors. Barclays and Debevoise & Plimpton advise SunSource, which receives financing from Barclays, Credit Suisse and Deutsche Bank AG
Stone Point Capital LLC buys a majority stake in a commercial real estate investment company Sabal Capital Partners . Wells Fargo Securities LLC NYSE: WFC), Beekman Consultants Arnold & Porter LLP and Kirkland & Ellis LLP advise Sabal. Kramer Levin Naftalis & Frankel LLP Represents Stone Point
People Moves
Jordan Hamburger Joins Sheppard Mullin & # 39; Century City , California Office as a partner. He was most recently the national co-director of M & A at Manatt Phelps and Phillips.
Peter Jaffe was hired as a director at the Middle Market Lender Gordon Brothers Finance Co . where he will lead business finance services across Europe. Jaffe has previously held positions at Grovepoint Credit and JPMorgan (NYSE: JPM).
Scott Shotter was appointed CEO at Axum Capital Partners- supported by a chain of Back Burgers Yard burgers. Shotter was formerly Vice President of Operations at Moe's Southwest Grill
Featured Content
Serena Williams had a dazzling week at ] Wimbledon . Out of the grand slam game for 16 months while she was merging a family and suffering complications after delivery, Williams ranked 25th, pioneered her way to the finals. Meghan, Duchess of Susbad and Catherine, Duchess of Cambridge have looked since the Royal Box of the All England Club, while Williams finished second Angelique Kerber on July 14th. Williams is one of many star athletes who have excelled in both business and sports. If you had a beer and chicken wings while waiting for a flight to the Raleigh-Durham International Airport or caught a smoothie while shopping at the Federal Plaza in Rockville, Maryland, or tasted a steak at The Grand Central Terminal of New York must thank a sports athlete. Among the athletes who invest are Dale Earnhardt Jr ., LeBron James Michael Jordan and Greg Norman . See our slideshow: Serena Williams, en route to the Wimbledon Finals, and other athletes bet on restaurants, wineries, juice bars
Justify recently joined Elite Triple Crown . But, like all those who bet that ponies know, they can not all be justifys. Sometimes you get a winner and sometimes, for reasons that are not clear to everyone, you get understaffed. This is a concept with which most fund promoters can be intimately familiar. You bet on investment because you anticipate its potential and understand the path it must take to achieve it. Here is a step-by-step guide to shaping a racing form, written by Rishi Jain and Anthony Horvat of Accordion : 6 Strategies to Turn an Underperformer into a "Mudder". "
Summer Reading List : Starring Athlete Stories Arnold Palmer, Keith Hernandez and Tiger Woods to the Councils of the contractors Bridgewater Associates Ray Dalio John Doerr of KPCB Phil Knight of Nike and Nathalie Molina Niño of Brava Investments as well as strategies to badist the leaders of Company in general, and women traders in particular, the 15 books on Mergers & Acquisitions 'list entertain, instruct and inspire. Take a shot on our list: Editor's Guide for Summer Reading: 15 New Books
Demitri Diakantonis
Demitri Diakantonis joined SourceMedia in 2015 and serves as Director of Publication Mergers Acquisitions and covers all the s aspects of creating middle markets, focusing on strategic buyers and the consumer and retail sectors, and writes The Buyside column.
- Learn more about this author
- M & A daily wrap: Rising Rising Stars, Ethan Liebermann, TA Associates, Jennifer Roach, Yellow Wood
- M & A Everyday: Thompson Street, Greensill, General Atlantic, Allied Universal, US
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