Lateral Investment Management Backs FirstClose with $35 Million Growth Investment

LDC Backs LendingMetrics with Growth Investment

November 7, 2024

Data & Analytics

LDC, the private equity investor affiliated with Lloyds Banking Group, has made a growth capital investment in LendingMetrics to support product R&D, scale its decisioning software and data services, and pursue complementary acquisitions. The funding will help LendingMetrics expand its partnerships and explore new verticals such as telecoms, utilities and insurance while preserving management control.

Fortress, Canyon Partners and Others Invest $228M in First Foundation

July 9, 2024

Financial Services

First Foundation closed a $228 million equity financing with investments from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. The company issued common and preferred shares and seven‑year warrants in the transaction; Jefferies served as exclusive placement agent. The capital is intended to strengthen First Foundation's balance sheet and support its growth as a regional bank and wealth manager.

Aurora Capital Partners Acquires First Legal

July 2, 2024

Legal Services

Aurora Capital Partners, a Los Angeles-based middle-market private equity firm, has acquired First Legal, the largest independent provider of outsourced litigation support services in the United States. The deal, terms not disclosed, positions Aurora to support First Legal's growth and product capability expansion across court filing, eFiling, service of process, court reporting, eDiscovery, record retrieval and trial support services nationwide.

RE/MAX Acquires Data Science Startup First

December 18, 2019

Cloud & SaaS

RE/MAX Holdings, Inc. acquired First, a Durham, North Carolina-based data science and machine-learning startup that provides an intelligent coaching and CRM-style app for real estate agents. The acquisition brings First's platform and team into RE/MAX's technology stack to give RE/MAX agents discounted exclusive access and to accelerate the brand's broader technology roadmap.

Warburg Pincus Invests $125M in LendingPoint

January 14, 2021

Payments & Fintech

Warburg Pincus made a $125 million preferred equity growth investment in LendingPoint to support the company's expansion of financing solutions for ecommerce, point-of-sale, and financial institution partners and to enhance its data and technology platform. LendingPoint, a metro-Atlanta fintech that has originated over $2.5 billion in loans since 2015, will use the proceeds to scale products, data science, and merchant integrations.

First Eagle Investment Management Acquires THL Credit

December 8, 2019

Financial Services

First Eagle Investment Management has entered into a definitive agreement to acquire THL Credit, an alternative credit manager with roughly $17 billion in assets under management. The deal expands First Eagle’s alternative credit capabilities and scale, creating a combined platform with approximately $23 billion in assets under management and advisement upon closing.