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are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction. KKR & Co.
Privateequityfirms increased their activity in Europe last year, capitalising on the continent’s economic difficulties to acquire large companies at lower valuations, according to a report by the Financial Times. BC Partnerss Alexis Maskell said that the buyout market in Europe was both fragmented and very diverse but...you
Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several privateequityfirms are cons idering a buyout of the connected fitness company, which is looking to refinance its debt and return to growth after 13 consecutive quarters of losses.
Dallas-based privateequityfirm Merit Energy Co has set aside $1bn, including $485m in a just-closed fund, in dry powder through a strategy that targets mature oil-and-gas fields, the Wall Street Journal reports in an exclusive article. Indeed, the company currently has no assets in some of the most popular U.S.
Thoma Bravo, a privateequity investment firm focused on the software sector with a particular focus on enterprise solutions, is planning to raise about $2bn in capital commitments for a new flagship buyout fund.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in privateequitybuyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. Goldman Sachs AssetManagement closed its purchase of Norwegian e-learning platform Kahoot!
New York-based privateequityfirm Harvest Partners (Harvest), has closed it latest buyout fund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. Harvest and its affiliates have over $20 billion of assets under management.
US privateequityfirm Francisco Partners has agreed to buy financial data provider Macrobond for almost €700mn, the latest deal in a sector that has attracted billions of dollars from investors in recent years. The US-based firm beat out competition from other privateequity groups and strategic buyers.
A $3bn “whole-business securitisation” is being considered as a funding option by privateequityfirms vying to acquire sandwich chain Subway, according to a report by Bloomberg, citing unnamed sources with knowledge of the matter. Source: PrivateEquity Wire Can’t stop reading?
is leading a €950m ($1bn) loan package to back Permira’s buyout of Gossler, Gobert & Wolters, people with knowledge of the matter said. Other lenders supporting the transaction include Goldman Sachs AssetManagement and Hayfin Capital Management. Blackstone Inc. Flagship transactions include KKR & Co.’s
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. In 2023, privateequity and venture capital transactions in the global renewable energy sector nearly reached $15 billion. Brookfield AssetManagement Ltd.,
Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg. Goldman Sachs AssetManagement, Blackstone Inc.,
Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. In fact, even Warren Buffett owns a position in Ares through Berkshire Hathaway 's subsidiary New England AssetManagement. The company's 9.6%
Private credit investor Pemberton AssetManagement is partnering with the Abu Dhabi Investment Authority to raise at least $1bn to provide net asset value loans to privateequityfirms, according to a report by Bloomberg.
EQT has agreed to acquire a majority stake in Spain’s Universidad Europea from privateequityfirm Permira, in a deal that sources said valued the higher education group at more than 2 billion euros ($2.2 The buyout groups announced the deal on Monday. billion) including debt.
Buyoutprivateequityfirms are having difficulty offloading companies and returning cash to investors, with direct lenders including Blackstone, Goldman Sachs AssetManagement (GSAM) and Neuberger Berman Group swooping in to provide cash, according to a report by Bloomberg.
Pub giant Marston’s has been approached by a US privateequityfirm over a potential takeover. Shares in the Wolverhampton-based company surged by more than a fifth immediately after it confirmed the proposal regarding a potential cash offer by Platinum Equity Advisors.
Bain has been interviewing investment banks to hire financial advisers that will help the privateequityfirm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said. Varsity kept the yearbooks business when it sold Herff Jones to privateequityfirm Atlas Holdings earlier this year.
Milan-based privateequityfirm Alto Partners and Italian fund management company Arca Fondi have agreed to the buyout of Eurosirel, a manufacturer and distributor of medical devices and cosmetics. The transaction is expected to close by June.
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.
Toshiba Corp is considering a $20 billion offer from privateequityfirm CVC Capital Partners to take it private, a person familiar with the matter said, as the Japanese industrial conglomerate faces pressure from activist shareholders to improve governance. Other deals by the privateequityfirm include the $1.5
Assetmanager Mirova plans to launch its sixth strategy dedicated to energy transition infrastructure, aiming to raise up to €2bn subject to regulatory approval. read more Silver Lake Acquires Software AG for €2.6bn US privateequityfirm Silver Lake has secured over 85% of the share capital and voting rights of.
Surprisingly, privateequityfirms are at the forefront of this trend, investing heavily in solar, wind, biomass, and other renewables. In 2023, privateequity and venture capital transactions in the global renewable energy sector nearly reached $15 billion. Brookfield AssetManagement Ltd.,
Allfunds Group Plc has started gauging takeover interest from privateequityfirms as the European fund distribution platform considers a possible sale, people with knowledge of the matter said. read more Brookfield AssetManagement’s affiliate Closes $1.1bn Argo Acquisition Argo Group International Holdings, Ltd.
. “We look at a lot of deals every day,” Kazuhiro Yamada, co-head of the Japan buyout advisory team, said in an interview. Selling to such alternative assetmanagers is increasingly seen as a palatable way for companies to exit noncore businesses or go private.
Permira Holdings’ deal to acquire Ergomed is being funded with support from Blackstone’s credit unit in the latest sign that that private lending firms are taking buyout business from traditional lenders including banks, according to a report by Bloomberg.
Blackstone is closing in on a deal with L’Occitane International owner Reinold Geiger to take the global skincare company private, with the world’s largest alternative assetmanager potentially providing debt financing for the buyout.
The privateequity backer of Six Nations Rugby is drawing up plans for a £1.5bn bid for Audiotonix, the British-based manufacturer of equipment used by bands such as Coldplay. Sky News has learnt that CVC Capital Partners is among the privateequityfirms examining offers for the Chessington-based company.
South Korean buyoutfirm Hahn & Co. is working with financial advisers as it weighs a potential partial or full sale of its stake, the people said, asking not to be identified because the matter is private. The buyoutfirm is seeking an equity value of more than $2bn for SK Shipping in a deal, according to the people.
Privateequityfirm KKR & Co. from Veritas Capital, reviving a battle between Wall Street banks and private credit lenders to provide financing for one of the year’s biggest buyouts. read more KKR Poised to Take Half of Cotiviti, Valued at $11bn Privateequityfirm KKR & Co.
The privateequityfirm is in the early stages of exploring a sale of the Hungary-based pet food manufacturer, which could be valued at more than €2bn ($2.2bn), according to one of the people. Apollo Global Management Inc. The privateequityfirm acquired the business in 2018.
Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans, the companies said on Thursday. The privateequityfirm is the first outside investor at Chicago-based Sikich, which was founded in 1982.
Apollo Global Management is stepping up its lending to privateequitybuyoutfirms looking to raise cash to help them return money to investors, by making more than $4bn in so-called net asset value (NAV) loans, according to a report by Bloomberg. Source: PrivateEquity Wire Can’t stop reading?
Thoma Bravo agreed to buy corporate communications and compliance services firm EQS Group AG for about €400m ($434m), marking its first takeover of a listed German company. The tech-focused buyoutfirm will offer €40 a share, representing a 52.7% EQS shares soared. Source: BNN Bloomberg Can’t stop reading?
Privateequityfirm EQT AB said late on Thursday it plans to take SUSE private in a deal to be funded by a special dividend issued by the Frankfurt-listed software company. The tech firm recently completed a management revamp in which Dirk-Peter van Leeuwen was appointed chief executive in May.
Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative assetmanager based in Singapore, has established its. Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative assetmanager based in Singapore, has established its.
Nexi SpA jumped as much as 19% after people with knowledge of the matter said CVC Capital Partners is in the early stages of considering a potential bid for European payments firm. The buyout group has been evaluating Nexi for some time, the people said, asking not to be identified because the information is private.
The US assetmanager will sell a 71.25% stake in drug wholesaler Geo-Young, the corporate value of which is around $1.4 Privateequity giant Blackstone Inc. is set to mark its first exit from South Korea by selling a 71.25% stake in the holding firm of Geo-Young Corp., Privateequity giant Blackstone Inc.
Progressio SGR, the Italian privateequityfirm, is raising a new fund, Progressio Investimenti III, in response to LP demand and a doubling of proprietary deal flow over the past five years. As with previous funds, the money will predominantly be spent on proprietary deals and primary buyouts.
Shares of Macy's (NYSE: M) were surging today after the department-store chain received a buyout offer from two privateequityfirms. Macy's gets a sweet offer The buyout offer from real estate investor Arkhouse Management and assetmanager Brigade Capital Management values the company at $21 a share, or $5.8
Top Canadian investor Brookfield AssetManagement is in the final stages of negotiations to acquire a 100 percent stake in ATC India, a unit of the US-based telecom tower major American Towers Corporation ( ATC), multiple industry sources told Moneycontrol. billion buyout of Reliance Jio’s telecom tower assets in 2019.
privateequityfirm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. Similarly, in China, privateequity-backed deals so far this year have dropped 39% year on year to $9.7
French privateequityfirm Eurazeo, through its mid-large buyout team, has agreed to invest in Eres Group and acquire a majority stake from the IK VIII Fund managed by European privateequityfirm IK Partners, alongside the company’s management team and employees.
Mr. Poirier is the chief executive officer of NeuState Advisory, a firm he founded, and a former executive in the pensions division of assetmanager State Street Corp. For more information, visit integrisit.com About Frontenac Frontenac is a Chicago-based privateequityfirm.
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