Friday, 24 October 2014
Last updated 18 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."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...