Our mission is to radically transform the way the world learns, and this partnership will propel DreamBox into the next phase of growth as we expand the reach of our best-of-breed, dual-discipline solution. Veritas Capital Closes Seventh Fund with $6.5 Billion of Commitments. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. Bomgar, a global leader in Privileged Access Management solutions, today announced it has signed a definitive agreement to acquire BeyondTrust, a global leader in Privilege-Centric Security, from an affiliate of Veritas Capital. Before Evergreen, Kenny was vice president of product development and hosted operations at Viewpoint Construction Software, a Bain Capital portfolio company. About Elliott and Evergreen Elliott Investment Management L.P. manages approximately $51.5 billion of assets. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. Got it! Veritas Capital Completes Acquisition of Sequa from Carlyle. 2019: Six deals. Veritas Capital Acquires the US Public Sector Business from PricewaterhouseCoopers LLP. Their most recent investment was on Jun 16, 2021, when Introhive raised CA$121.3M. 2. DreamBox offers schools the only dual-discipline software solution rated Strong by Johns Hopkins EvidenceforESSA.org in both mathematics and reading. "Evergreen equipped ASG with the right resources to help us transform our business over the past few years. [emailprotected] /[emailprotected] Proceeds from the transaction will be used to support the companys capital allocation strategy, including pension pre-funding and share repurchases. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Necessary cookies are absolutely essential for the website to function properly. Following our take-private and combination with Virence in 2019, athenahealth delivered unrivaled value to its customers by significantly increasing R&D investment resulting in higher quality care, lower costs across the healthcare ecosystem, and overall improved patient outcomes. DreamBox is a compelling extension of Evergreens continued investment effort in the EdTech market. About Elliott and Evergreen This investment is being led by Evergreen Coast Capital, the technology-focused private equity affiliate of Elliott, based in Menlo Park, CA. Odyssey Investment Partners, LLC (Odyssey) has entered into an agreement to acquire CPI International Holding Corp. (CPI) from affiliates of Veritas Capital (Veritas). Cambium Learning Group adds Rosetta Stone to its portfolio of digital-centric learning brands. Jeremy Wensinger has been named chief operating officer (COO), James Winner chief legal officer and general counsel, and Robert Giannetta chief information officer (CIO). SOPA Images/LightRocket via Getty Images Emergency Communications Network Acquires Send Word Now; Rebranded as OnSolve. Which types of acquisition does this organization make most frequently. The firm employs a staff of 499 people, including nearly half dedicated to portfolio management and analysis, trading and research, in its Florida headquarters and affiliated offices elsewhere. Learn more. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Verscend Technologies, Inc., a leader in data-driven healthcare solutions, has completed its acquisition of commercial health insurance payer-focused products from General Dynamics Information Technology. Veritas Capital, a longstanding investor in companies operating at the intersection of technology and government, today announced that an affiliate of Veritas has completed its previously announced acquisition of Northrop Grummans (NYSE: NOC) IT and mission support services business for $3.4 billion in cash. SVB Technology Investment Banking is acting as financial advisor to Evergreen Coast Capital Corp. To learn more about DreamBox, visit https://www.dreambox.com/. Veritas Capital to Acquire CAES Space Systems. Houghton Mifflin Harcourt Successfully Completes Sale to Veritas Capital. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. The combined companies Steve Schorer Appointed President and Chief Executive Officer of Alion Science and Technology. 212-780-0701 / 646-502-3549, For Hellman & Friedman Gainwell Technologies, a portfolio company of Veritas Capital and a leading provider of solutions that are vital to the administration and operations of health and human services programs, today announced it has completed its previously announced acquisition of HMS Holdings Corp. AMETEK Announces Agreement to Acquire Abaco Systems. We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right. Google is now in position to shore up its already-sizeable warchest of cybersecurity products and services for the Google Cloud Platform. If you think that some of this information is not accurate, please, The average size of a deal this fund participated in, How often the fund supports its portfolio startups at next rounds. WebColony Capital, Inc. in its $5.9 billion sale of Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, to Blackstone Insight Partners and its portfolio company, Workforce Software, in securing a significant equity investment from Evergreen Coast Capital Since its launch over 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. Learn more about H&Fs defining investment philosophy and approach to sustainable outcomes at www.hf.com. Evergreen Coast Capital Corp. is Elliotts Menlo Park affiliate, which focuses on technology investing. Once the merger closes in 2023, VMware will take over Broadcoms software unit, serving large enterprises, particularly in the area of private clouds. athenahealth, Inc. today announced it has entered into a definitive agreement to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $17 billion. 2023 has got to be a brighter year than 2022 that's my take. Protests against the deal continue, and the ultimate outcome seems, well, cloudy. Veritas Capital Completes Acquisition of athenahealth. Evergreen Coast Capital has made 5 investments. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. The Deal's Private Equity Deal of the Year checked off plenty of boxes: two hot sectors -- healthcare and tech -- with a dash of shareholder activism in the mix, as a significant take-private transaction. KRG Capital Portfolio Company PAS Technologies Enters into Agreement to Be Acquired by StandardAero Holdings, Inc. KRG Capital Partners (KRG), a Denver-based buyout firm, has entered into a merger agreement to sell PAS International Holdings, Inc. (PAS or the Company), a leading provider of OEM and aftermarket aerospace and industrial gas turbine (IGT) components as well as oil & gas valve components, to StandardAero Holdings, Inc. (StandardAero). Veritas Capital, a leading investor in government and healthcare technology businesses, today announced Gainwell Technologies as the new name of the U.S. State & Local Health and Human Services business it plans to acquire from DXC Technology (NYSE: DXC). Verscend Technologies Inc., backed by private-equity firm Veritas Capital, has agreed to acquire Cotiviti Holdings Inc. for about $4.9 billion in cash to create a data and analytics firm focused on health care. Today, the companys comprehensive work-from-anywhere portfolio makes LogMeIn a preferred and trusted partner for helping millions of customers connect and collaborate from anywhere; support employees and customers from anywhere; manage assets from anywhere; and secure their digital identities in an increasingly virtual world. Veritas Capital Completes Acquisition of Wood Mackenzie. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations Sustainable Development Goals. Veritas Capital Names Stu Shea CEO of Former Harris Corp Government Services Business. Veritas Capital Agrees to Acquire Government IT Services Business from Harris Corporation. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. MENLO PARK, Calif., April 12, 2021 /PRNewswire/ --Evergreen Coast Capital ("Evergreen"), the technology-focused Menlo Park affiliate of Elliott Investment Management L.P., today announced its support for Rocket Software's agreement to acquire Evergreen portfolio company ASG Technologies ("ASG"). Rob Julavits Houghton Mifflin Harcourt Company, a learning technology company, today announced that it has entered into a definitive merger agreement with certain affiliates of Veritas Capital, a leading private investment firm, for the acquisition of the Company. Cambium Learning Group, a leading provider of digital education solutions and a portfolio company of Veritas Capital, today announced that it has entered into a definitive agreement to divest Rosetta Stones Languages division to IXL Learning, the K-12 personalized learning platform used by 11 million students. 203-666-7687, For Bain Capital The firm is currently investing its tenth fund, with $24.4 billion of committed capital, and has over $95 billion in assets under management as of September 30, 2021. HMS (Nasdaq: HMSY), an industry-leading technology, analytics and engagement solutions provider helping organizations reduce costs and improve health outcomes, and Veritas Capital-backed Gainwell Technologies, a leading provider of solutions that are vital to the administration and operations of health and human services programs, today announced that they have entered into a definitive agreement whereby Gainwell will acquire HMS. Evergreen has a strong history of impact investing in education. MORE FOR YOU Veritas Capital to Sell BeyondTrust to Bomgar. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, venture capital, real estate and insurance, managing approximately $150 billion in total and leveraging the firm's shared platform to capture opportunities in strategic areas of focus. Veritas Capital, a leading private equity investment firm, today announced that an affiliate of Veritas has signed a definitive agreement with PricewaterhouseCoopers LLP (PwC), the US member firm of the PricewaterhouseCoopers network, to acquire its US Public Sector business. Alion Science and Technology, an engineering, technology and operational solutions company, today announced that Mr. Steve Schorer has been named President and Chief Executive Officer, effective 19 May 2017. These funds have a tendency to invest in the following rounds after Evergreen Coast Capital: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital. Over the course of our successful partnership with Bob and the management team, athenahealth has driven tremendous growth and transformation, reinforcing its position as the premier healthcare IT company supporting the largest nationwide network of healthcare providers, said Ramzi Musallam, CEO and managing partner of Veritas Capital. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. With the DreamBox Math app, we've simplified your student learning experience. Epiq Solutions Completes Acquisition of Xiphos Systems to Drive Innovation in Space, Together, Epiq and Xiphos will provide high-performance, mission-critical embedded computing solutions for Elliott Investment Management L.P. manages more than $48 billion of assets. About Elliott and EvergreenElliott Management Corporation manages two multi-strategy investment funds which combined have approximately $41 billion of assets under management. LinkedIn sets this cookie to remember a user's language setting. Veritas Capital, a leading private equity investment firm, today announced the rebranding of its recently acquired portfolio company, PwCs US Public Sector business, to Guidehouse. Services for the google Cloud Platform Government Services Business from Harris Corporation investment Management L.P. manages approximately 41! Dreambox, visit https: //www.dreambox.com/ your student learning experience companies realize their full potential to and... 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