Vista Equity Partners Backs Business Software Company Gainsight

Vista Equity Partners Backs Business Software Company Gainsight

Customer-relations technology company Gainsight Inc. is slated to have a new majority owner: private-equity firm Vista Equity Partners. Gainsight agreed to a majority investment by Vista, which focuses on backing technology companies, according to a news release. The...
Francisco Partners Agrees to Buy CDK Global Unit for $1.45 Billion

Francisco Partners Agrees to Buy CDK Global Unit for $1.45 Billion

Automotive industry technology company CDK Global Inc. has agreed to sell its international division to private-equity firm Francisco Partners for $1.45 billion. The Hoffman Estates, Ill., company provides technology to about 30,000 dealers of autos, heavy trucks,...
Softbank-backed DoorDash aims to raise up to $2.8 billion in IPO

Softbank-backed DoorDash aims to raise up to $2.8 billion in IPO

DoorDash said Monday it is aiming to raise up to $2.8 billion in an initial public offering (IPO), which could double the value of the U.S. food delivery start-up and be one of 2020’s largest public market debuts. DoorDash, the biggest U.S. third-party delivery...
UK public pension funds suffer £2bn hit to oil investments

UK public pension funds suffer £2bn hit to oil investments

The value of oil company shares owned by UK public pension funds has fallen by £2bn in less than four years as pressure mounts on retirement schemes to withdraw their support from environmentally damaging fossil fuel producers. Pension funds across the world have made...
Carlyle sells stake in PA Consulting

Carlyle sells stake in PA Consulting

Carlyle has sold its stake in PA Consulting Group in a deal valuing the UK-based advisory firm at £1.8bn, which ends a highly-acquisitive five-year period of private equity ownership. Dallas-based US consultancy Jacobs Engineering Group will buy a 65 per cent stake in...