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CoreLogic Gets Shareholder Approval On Private Equity Acquisition

socalTECH

Irvine-based property information provider CoreLogic said on Wednesday that its shareholders have approved the go-private, private equity acquisition of the company by Stone Point Capital and Insight Partners. The two private equity companies will pay $80.00 per share in cash for CoreLogic.

Equity 203
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OpenGate Capital's Kongsberg Precision Cutting Systems Makes Acquisition

socalTECH

Los Angeles-based private equity investor OpenGate Capital said that one of its portfolio companies, Kongsberg Precision Cutting Systems, has acquired another company, MultiCam, from private equity investor Rosewood Private Investments. Financial terms of the acquisition were not announced.

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Diversis Capital Backs SalesRabbit, Eyes Acquisitions

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. In a statement, Diversis co-founder and Managing Partner Ron Nyot said that it is now "actively identifying strategic add-on acquisitions to broaden the product portfolio.".

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Inspire Energy Capital Acquired By Shell

socalTECH

Santa Monica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. Financial details of the acquisition were not announced. Inspire offers up renewable energy subscriptions to customers.

Capital 203
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AdviserSource Acquires Advisory Equity

socalTECH

Los Angeles-based financial advisory consulting provider AdviserSource.com says it has acquired Advisory Equity, a developer of a financial marketplace app developer. Financial terms of the acquisition were not announced. According to AdviserSource, the deal was funded by additional growth capital provided by Fintech Fund II, LLLP.

Equity 113
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Veritone Gets Acquisition Bid From Apis Capital Management

socalTECH

Costa Mesa-based Veritone , a developer of artificial intelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. According to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash.

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Be careful about equity and options!

Berkonomics

Here is the warning: The execution of equity allocations and of a good incentive program using equity is often mismanaged, damaging the corporate capitalization structure and even affecting the outcome of subsequent investment into the company. … Equity is divided between the founders and the business begun.

Equity 156