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K1 Investment Management Sells San Diego's FMG Suite

socalTECH

Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced. READ MORE>>.

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Palisades Growth Capital Sells Stake In Docupace

socalTECH

Los Angeles-based private equity investor Palisades Growth Capital announced this morning that it has sold off its ownership interest Los Angeles-based L Docupace , a developer of software for the wealth management industry. Palisades said it sold its interests in Docupace to another private equity investor, FTV Capital.

Capital 113
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Reflections on 2016: Jeb Spencer, TVC Capital

socalTECH

All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. Here, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund, and has had some great success in the market.

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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management , in a move that includes San Diego-based Proflowers. FTD acquired San Diego's ProFlowers in 2014, paying $430M for the online flower and gift delivery service.

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Lead Inclusively Finds $1.5M

socalTECH

San Diego-based Lead Inclusively , a consulting firm which provides technology-enabled services around diversity, equity, and inclusion, said last week that it has raised $1.5M Denise Hummel is the founder and Chief Executive Officer of Lead Inclusively, which was founded in 2016. in a funding round. READ MORE>>.

San Diego 124
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Lytx Raises Massive $700M Funding Round For Driver Safety Systems

socalTECH

San Diego-based Lytx , which develops video telematics products for driving fleets, has scored a massive, $700M funding round from a group of private equity investors. GTCR acquired Lytx in 2016 , for $500M in cash. According to Lytx, the funding has an enterprise in excess of $1.5 READ MORE>>.

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Private Equity Investors Have $740 Billion to Spend, Driving Valuations

Xconomy

Private equity investors have more capital at their disposal than at any time in more than a decade, which could boost prices for companies seeking acquisitions. 1, private equity firms in North America and Europe had secured $212.6 1, private equity firms in North America and Europe had secured $212.6 As of Aug.

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