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Private equity firm Providence weighs £1bn sale in latest events transaction

Private Equity Wire

Private equity firm Providence Equity Partners is considering selling CloserStill, a UK-based events company, later this year, as the events sector experiences a surge in dealmaking post-pandemic, according to a report by the Financial Times.

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Directional Capital to acquire Pizza Hut UK operations

Private Equity Insights

Directional Capital, a private equity firm, is in advanced discussions to acquire Pizza Hut UKs restaurant operations. HWS has a complex ownership history, including a 2018 management buyout led by UK chief executive Jens Hofma, backed by Pricoa Capital Group.

Capital 130
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Bain Capital considers $10bn sale of Rocket Software

Private Equity Insights

The private equity firm has engaged financial advisors Moelis & Co and RBC Capital to oversee the process, which is expected to begin in the coming weeks. Sources indicate that Rocket Software could be valued between $8bn and $10bn, with private equity firms likely to compete for the asset.

Capital 147
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Gucci owner sells €837m stakes in Paris properties to private equity firm Ardian

Private Equity Insights

Kering, the luxury group behind Gucci and Saint Laurent, has sold 60% of its stakes in three prime Paris properties to French private equity firm Ardian for 837m. The properties in the deal include the historic Boucheron building, renovated in 2018, and flagship stores for Balenciaga and Valentino.

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Providence Equity explores £1bn sale of CloserStill Media amid sector growth

Private Equity Insights

Under Providences ownership since 2018, the company has strengthened its position as a trusted platform for professional networking and industry insights. Providence, a Rhode Island-based private equity firm, has been highly active in the events space.

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Sixth Street secures majority Wingstop stake

Private Equity Wire

Wingstop UK has sold a majority stake in its business to the US-based private equity firm Sixth Street, according to a report by Yahoo Finance. Wingstop UK, which launched in 2018, opened its first restaurant in Cambridge Circus, London.

Stakes 98
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CIC Exits CraftMark with Sale to OEP

Private Equity Professional

A fourth line was added in 2016, followed by a 120,000-square-foot expansion and three additional production lines in 2018. One Equity Partners is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. billion.