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With a focus on acquiring family and founder-owned businesses, three finance executives, including two who worked at General Electric, have announced the launch of their new PE firm Initium Management.
They also unveiled their investment in the carve-out of wireless connectivity provider Wifinium fromBusiness Information Group. The size of the transaction was not immediately clear.
A former partner of HGGC has unveiled the team and strategy of his new buyout firm, Dallas-based Unity Partners.
CEO John Block, who spent 11 and a half years at Palo Alto-based HGGC, launched his new venture in February, according to his Linkedin profile. The firm plans to invest up to $200 million in software and services platform companies with the potential to grow from less than $30 million to more than $100 million in revenue.