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Technology investor Hg, already a shareholder in IFS, will increase its stake and become a co-controlling shareholder alongside EQT. Founded in 1983 and delisted by EQT in 2016, Stockholm-based IFS has expanded through organic growth and targeted acquisitions. TA Associates will remain an investor in the business. Can`t stop reading?
Elite Italian bicycle maker Pinarello changes hands Fausto Pinarello, the son of the founder of the bicycle group, would maintain a stake in the company and his role as chairman, L Catterton said in a statement. L Catterton had bought Pinarello in 2016. ($1 1 = 0.9160 euros) Source: Reuters Can’t stop reading?
HBX Group, a privateequity-owned hotel room wholesaler, plans to raise up to 725m through an IPO in Spain. The IPO includes partial stake sales by current shareholders, including CPPIB, Cinven, and EQT. The company, acquired by CPPIB and Cinven in 2016 for 1.2bn, aims to capitalise on Europes recovering IPO market.
Software and technology-focused privateequityfirm Thoma Bravo has agreed to sell a Qlik minority stake to a subsidiary of the Abu Dhabi Investment Authority (ADIA), in a deal that values the data analytics company at $10bn.
Vista Equity first acquired a majority stake in 2016 and later merged Granicus with GovDelivery, another Vista-backed firm. Harvest Partners joined as a significant shareholder in 2020 after acquiring a stake from Vista and K1 Investment Management.
d&b group has announced a major investment by Providence, a privateequityfirm specialising in growth-oriented investments in media, communications, education and technology. Since the company’s acquisition by privateequityfirm Ardian, d&b’s previous owner, in 2016, sales have tripled.
The report cites unnamed sources familiar with the matter as revealing that the privateequityfirms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025. Clearlake Capital and Blackstone acquired minority stakes in 2018 and 2020, respectively.
A consortium led by Mubadala Capital-backed privateequityfirm Fortress Investment Group and BlackRock is among several parties evaluating bids for Viridium Group, a German life insurance consolidator, according to a report by Bloomberg.
Carlyle Group has secured private credit financing to acquire a majority stake in Australian waste management company Waste Services Group (WSG), according to a report by Bloomberg, citing sources familiar with the matter. The funds will support Carlyles purchase of the stake from Livingbridge, the anonymous source said.
This development comes as Gautam Adani is said to be looking to exit non-core businesses to conserve capital for the core operations Promoters of Adani Capital own nearly 90 per cent of the company, as per a report in The Economic Times, while the rest 10 per cent is owned by investment banker Gaurav Gupta who had joined the group in 2016.
privateequityfirm Carlyle Group has agreed to purchase a minority stake in Quest Global Services that values the engineering outsourcing firm at $2bn, two people with knowledge of the matter told Reuters. read more Carlyle Group Stake Purchase Values Quest Global at $2Bn U.S.
Butterfly , a Los Angeles-based privateequityfirm, acquired a majority stake in Pete & Gerry’s in May 2021 in partnership with British Columbia Investment Management Corporation (BCI). The firm was founded in 2016 and is headquartered in Beverly Hills, California.
Café bar chain Joe & the Juice has secured an agreement with privateequityfirm General Atlantic which will see the firm hold a majority stake in the company. The US privateequityfirm is thought to value the business at $600m (£489.1m), including debt.
A minority stake in one the largest broker-dealers in the United States could be sold off by its privateequity owners, according to a report by Bloomberg. The unnamed sources say that discussions with potential buyers are ongoing and could result in a larger stake being sold.
Private asset manager Bridgepoint has exited its majority investment in sports nutrition company Vitamin Well with a sale to international privateequityfirm Cinven, which is now the company’s largest shareholder and lead investor. Both funds will retain a significant minority stake in the business going forward.
Privateequityfirm Stone Point Capital has agreed a deal to acquire a majority stake in Kestra Holdings, an independent broker-dealer with $117 billion in assets under management, buying out Warburg Pincus’s stake in the business. Oak Hill Capital later acquired Stone Point’s remaining investment in 2022.
The privateequityfirm is speaking with potential advisers as it prepares to gauge buyer interest in Apleona, according to the people, who asked not to be identified discussing confidential information. EQT acquired the Company in 2016 through a carve-out from Bilfinger SE, a listed German industrial services conglomerate.
Warsaw-based investment firm bValue has announced the closing of its third fund, bValue Growth (BVG), at €90 million to support technological companies in Poland and across Central and Eastern Europe. bValue was founded in 2016 by Maciej Balsewicz as early-stage tech and tech-enabled CEE businesses backer.
Privateequityfirm Hg is to sell its £52m stake in Argus Media Group to Chairman and CEO Adrian Binks and existing minority investor General Atlantic, with Binks becoming majority owner of the London-based oil news and pricing data provider as a result, according to a report by Reuters. Binks has led Argus since 1984.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Nordic Capital is acquiring the majority stake from Accel-KKR, a global software privateequityfirm, which first invested in IntegriChain in 2016.
Eurazeo, along with its partners Ardian, Mérieux Equity Partners and Eximium, have sold their stakes in Humens, a producer of high-purity mineral-based specialty products, to Leto Partners, a French privateequityfirm focused on decarbonisation.
South Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), is set to invest $150m in Apollo Global Management, the world’s second-largest privateequityfirm. Read more CVC Capital mulls selling stake worth $345m in Indian healthcare firmPrivateequityfirm CVC Capital Partners is considering selling a 60.4%
buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 The deal will see Inetum – formerly known as Gfi Informatique – returning into privateequity hands after being sold to Qatar’s group Mannai Corp in 2016, the sources said, speaking on condition of anonymity.
Privateequityfirm PAI Partners is in the early stages of exploring options for its ice cream joint venture with Nestle SA that includes brands like Haagen-Dazs, according to people familiar with the matter. Froneri was created in 2016 when the Swiss company merged its European ice cream business with PAI-owned R&R.
Health tech software company Instem has agreed to a £203m takeover by a US privateequityfirm in the latest blow to London’s capital markets. The life science solutions provider announced this morning it had agreed to a takeover deal by Archimed, a US-based firm that operates in the health sector.
The London-based privateequityfirm was in the second stage of bidding for WGSN, which has a price tag of 800 million pounds ($1.02 But privateequityfirms are reluctant to do deals right now, seeking the perfect business at the lowest price, one of the sources said. billion), they said.
Quadrant does have a track record in startups, including the online retailer Adore Beauty, founded by Kate Morris, and Kristy Chong’s Modibodi, which the privateequityfirm took a stake in in 2019 and was acquired by a Swedish company in 2022 for $140 million. Read more: Startup Daily Can’t stop reading?
Privateequityfirm ECI Partners has bought Nottingham-based business comms specialist Commify in deal values at £257m. The deal has seen Hg –which invests in European and transatlantic software and services companies – sell its stake in the business having backed Commify since 2016.
Privateequity group Consortium Brand Partners announced Wednesday it has acquired actress Reese Witherspoon’s fashion and lifestyle brand, Draper James, through a majority stake. Witherspoon launched the company in 2016 as a joint venture with AT&T. The business also includes Reese’s Book Club.
Teddy Kaplan, a New Mountain Managing Director and Head of New Mountain Net Lease commented, “We launched the net lease strategy at New Mountain in early 2016 seeking to utilize the firm’s analytical capabilities, industry experience, deal flow and relationships to build a differentiated net lease platform. billion rupees.
Privateequityfirm PAI Partners is in the early stages of exploring options for Froneri, its ice cream joint venture with Nestlé that includes brands like Häagen-Dazs, including a sale of the business, according to a report by Bloomberg. Nestlé subsequently sold its US over cream operation to Froneri for $4bn in 2019.
The privateequityfirm is in discussions with Global Switch’s Chinese owners about a potential deal, said the people, who asked not to be identified as the information is private. EQT AB has resumed seeking to acquire Global Switch Holdings Ltd.
Founded in 2013, GPMIP USA has a long-standing reputation for optimizing the outcomes of merger and acquisition activities for its privateequity and enterprise clients in the U.S. read more E78 Partners Acquires Global PMI Partners USA E78 Partners, a private-equity focused business advisory firm, is pleased to announce the.
About Nordantech Nordantech is a German tech company founded in 2016 by Dr. Jonas Steeger, Christian Kuhs and Arne Brenneisen, which sells the strategic project management software Falcon. read more The post Which Drivers Have the Strongest Impact and What Measures Are Companies Taking in Response appeared first on PrivateEquity Insights.
What's happening here Signet made an agreement with privateequityfirm Leonard Green & Partners (LGP), which had taken a preferred equitystake in the company in 2016, to repurchase half of LGP's 8.2 million shares in the retailer. As a result, Signet is repurchasing 4.1
Privateequityfirm CVC is restructuring its US operations and is actively seeking to acquire a private credit firm, as it looks to strengthen its position in the American market following a series of underperforming investments, according to a report by the Financial Times.
Miami-based privateequityfirm 777 Partners has agreed a deal to acquire English Premier League football club Everton FC in a deal worth around £550m, subject to approval from the relevant authorites , according to reports. stake in the club to 777 Partners.
Nordic Capital, a Stockholm, Sweden-based privateequity investor, acquired a majority share in IntegriChain, a Philadelphia, PA-based provider of pharmaceutical technology, data, consulting, and outsourcing solutions.
Different from public equity, where investors buy a stake in a publicly listed company, privateequity refers to the private ownership of non-listed firms or of those that were once public and have been since taken private. CPP Investments invests in privateequity in two ways.
Milan & London TeamSystem, a leading provider of business software solutions to companies and accountants in Italy and Spain, announced today that Silver Lake, a global leader in technology investing, has entered into a definitive agreement to acquire a €600 million minority stake in the company from Hellman & Friedman (H&F).
We are delighted with the performance of the company since we invested in 2016, and excited to continue our collaboration with TeamSystem’s outstanding management team. Hellman & Friedman (H&F) will remain the majority shareholder after these transactions.
Firm Profile Based in Atlanta, GA Formed in 2016 25 Years of Experience Areas of Focus M&A Strategic Consulting Investment Criteria Fragmented Industries Consolidation Potential Service Businesses Q&A with Alok Gupta What’s the firm’s origin story? After five years of working abroad, I returned to the U.S.
China-focused privateequity funds have raised just $11.6 That compares with $74 billion raised for all of 2022, according to data from research firm Preqin. The numbers are a far cry from a peak in 2016 when more than 1,500 China-focused funds raised around $300 billion. billion this year. There have been $3.2
BCI has offloaded C$4 billion to C$5 billion of privateequitystakes via the secondaries market since Pittman’s appointment. So we’ve used a secondary market to sell funds that were what we consider to be non-core or lower performing – just not beating strategic or performance benchmarks.”
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