mkitchen

An investor group led by Symphony Technology Group (STG), a private equity firm focused on investments in software, data, and analytics firms, has completed its all-cash take-private buyout of Momentive for $1.5 billion. The deal Ito acquire Momentive, the maker of online survey platform SurveyMonkey, was originally announced on 13 March and approved by Momentum shareholders  at a special meeting of shareholders on 31 May.

Prashant Kumar, a managing director with KKR in India, is relocating to Singapore to head up the firm's Southeast Asia private equity business, according to a report from Reuters, citing two people familiar with the matter. One of the Reuters sources revealed that Kumar, who has been with KKR in Mumbai since 2018, is due to move to Singapore to take up his new role in July. Kumar, an alumnus of The Wharton School and the Indian Institute of Technology, will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business. KKR has boosted its presence in India and Southeast Asia in recent years having raised $15 billion for its fourth Asia-Pacific focused private equity fund in 2021.

Trinity Hunt Partners, a growth-oriented private equity firm focused on services businesses, has made a majority investment in Centricity Research, a clinical research services provider specialising in conducting Phase I-IV clinical trials across more than 40 therapeutic areas. Financial terms of the transaction have not been disclosed. With over 35 locations across the United States and Canada, Centricity provides an array of trial types for pharmaceutical sponsors and contract research organisations (CROs) in the design and execution of clinical trials.  In partnership with Centricity’s management team, Trinity Hunt plans to expand the company’s capabilities and therapeutic coverage areas by investing in organic growth initiatives and acquiring complementary clinical research site businesses.  McGuireWoods served as legal advisor to Trinity Hunt. 

Allied Industrial Partners (AIP), an industrial-focused private equity firm, has made a significant investment in Mat Tech Industrial Services (Mat Tech), a provider of specialty rental and waste management services.  Mat Tech will continue to be led by its founder and CEO Mike Tinnin in partnership with AIP.