Wednesday, 27 August 2014
Last updated 8 hours ago
Dec 3 2013 | 10:39am ET
Private-equity firm Thoma Bravo owned Digital Insight for just four months, but that was enough time to turn a 61% return.
Thoma Bravo said yesterday that it had sold the payment-processing company to NCR for $1.65 billion, $625 million more than it paid 124 days ago, when it bought Digital Insight from NCR rival Intuit. The deal amounts to a profit of $5 million per day for the p.e. firm.
"Thoma Bravo was able to establish Digital Insight as a standalone company following our acquisition from Intuit in August, while also offering Intuit a successful and efficient outcome," managing partner Orlando Bravo said. "Digital Insight has attracted interest from NCR with its strong set of online and mobile banking products, rich client list and accomplished employees."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...