Happy Friday, all. While the lower middle market was fairly quiet, there was a bit of legal activity this week: Michael S. Steinberg was convicted of insider trading, the Volcker Rule received a slight modification for smaller banks, and Kenneth B. Mehlman took the helm of PEGCC. As a result, 2014 could be an interesting year for deal professionals — especially since PE spending power has topped $1 trillion (again) and there may be secret IPOs in the pipe.
In other news, investment banking revenues near 2007 levels, there may be buyout bubble, and Riverside Company acquired Mercareon.
- Another sign of a buyout bubble
- Not so fast on Volcker Rule, regulators tell smaller banks
- Private equity spending power reaches $1.074 trillion
- The difference between good and bad debt
- The seven imperatives to keeping meetings on track
- America’s largest private companies 2013
- KKR Partner to lead PEGCC, PE lobbying group
- Investment banking like it’s 2007
- 2014 will be the year of the secret IPO
- Riverside Company acquires Mercareon
- Intrexon to acquire Medistem
- Spire Capital invests in Surgent Tax & Accounting Education
- Genstar Capital announces acquisition of Tecomet
- Rock Hill Capital Group invests in Duracoatings
- Sorrento Therapeutics completes acquisition of Concortis Biosystems
- Zebra Technologies acquires Hart Systems
- Andrews Logistics acquires Andrews Transport
Intrix Technology, Inc., a leading technology enabled registered Independent Sales Organization, delivers innovative payment-processing solutions for developers, enterprises, retailers, processors and sales organizations. For more than a decade the company has delivered PC-based solutions for processing payments and storing sensitive payment data.
Intrix recently acquired Merchant Processing USA — it’s fifth acquisition of the year — and is looking to purchase other companies in the payment space, with a target transaction size of $1 – $15 million. First data processing is preferred, but other processors would be considered.