TPG Capital to sell Elite to Francisco Partners; JMI Equity invests in First Due

Deal Wrap is updated as of 3 p.m. ET.

– Francisco Partners Management LP agreed to acquire New York-based law-focused software provider Elite Technology from TPG Capital LP. Evercore was Elite and TPG Capital's financial adviser, and Davis Polk & Wardwell LLP was their legal adviser. Centerview Partners LLC was Francisco Partners' financial adviser, and Kirkland & Ellis LLP was its legal adviser.

– JMI Management LP led a $355 million investment in New York-based safety management software provider Locality Media Inc., which does business as First Due.

– GreyLion Partners LP and Dinale Management LLC, which does business as Denali Growth Partners, invested in US-based IT services provider Slipstream IT LLC.

– Advent International LP and Nextalia SGR SpA agreed to acquire a 38.74% stake in Italian cybersecurity firm Tinexta SpA from Tecno Holding SpA. Rothschild & Co, Mediobanca, Barclays, and Banca Akros / Gruppo Banco BPM were Advent and Nextalia's financial advisers, and Chiomenti and PedersoliGattai were their legal advisers. Lazard was Tecno's financial adviser, and Gatti Pavesi Bianchi Ludovici was its legal adviser.

– Green Arrow Capital SPA agreed to acquire Italian asset manager Dea Capital Alternative Funds SGR SpA from DeA Capital S.p.A. Intesa Sanpaolo and IMI Corporate & Investment Banking Division were Green Arrow's financial adviser, and Legance was its legal adviser. Mediobanca was DeA Capital Alternative Funds' financial adviser, and Giovannelli & Associati was its legal adviser.

– Insight Venture Management LLC led a $43.5 million series B round in US-based supply chain software developer ChainBrain Inc., which does business as Lyric.

– Bahrain Mumtalakat Holding Co. B.S.C. acquired a stake in United Arab Emirates-based private equity firm BlueFive Capital.

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