Turn/River Capital to Acquire Tufin in $570 Million All-Cash Transaction

Turn/River Capital Acquires SolarWinds for $4.4 Billion

April 16, 2025

Software

SolarWinds announced the closing of its acquisition by Turn/River Capital in an all-cash deal valued at approximately $4.4 billion (about $18.50 per share). With the transaction completed, SolarWinds became privately held and its common stock stopped trading and delisted from the New York Stock Exchange.

Tufin Acquires AKIPS

February 26, 2024

Cybersecurity

Tufin, a provider of network and cloud security policy automation, has acquired AKIPS, a provider of network monitoring solutions. The acquisition adds real-time network performance visibility to Tufin's platform to deliver end-to-end visibility, actionable insights, and improved automation across hybrid networks; terms were not disclosed.

Turn/River Capital Acquires StarLIMS from Francisco Partners

January 13, 2026

Software

Turn/River Capital has acquired StarLIMS, a Hollywood, Florida–based laboratory informatics software provider, from Francisco Partners in a transaction valued at roughly $200 million. Turn/River plans to scale StarLIMS’ product and go-to-market capabilities — including AI integration — while CEO Trey Cook remains in place as Francisco Partners fully exits the investment.

The TIFIN Group Acquires Assets of Totum Risk and myFinancialAnswers

March 24, 2021

Financial Services

The TIFIN Group acquired the assets of risk-profiling firm Totum Risk and personal financial planning provider myFinancialAnswers to accelerate the launch of its risk and financial planning solutions. The CEOs of both businesses, Larry Shumbres and Ben Pitts, will join TIFIN; Totum's brand will be retained while the financial planning offering will launch under a new, unannounced brand. Terms were not disclosed.

Nordic Capital Acquires Majority Stake in Zafin

February 12, 2024

Cloud & SaaS

Nordic Capital has signed an agreement to acquire a majority share in Zafin, a SaaS provider of core modernization and transformation solutions for financial institutions. The investment is being made in partnership with Zafin’s founders and management, who will reinvest alongside Nordic Capital, with completion expected in Q1 2024 subject to customary closing conditions.

Rio Tinto Acquires Remaining Stake in Turquoise Hill Resources for C$43.00 per Share

November 18, 2022

Industrial Services

Rio Tinto has agreed to terminate certain dissent-related agreements with minority shareholders tied to Pentwater Capital Management LP and SailingStone Capital Partners LLC, while its all-cash plan to acquire the ~49% of Turquoise Hill it does not already own will proceed. Under the proposed plan of arrangement, Turquoise Hill shareholders are offered C$43.00 per share in cash, supported by Rio Tinto’s commitments regarding dissent rights and related payments.