Tuesday, 31 March 2015
Last updated 1 hour 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."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…