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International Business Machines has agreed to sell its weather business to privateequityfirm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday. billion all-cash buyout of technology spend-management platform Apptio in June. Source: Reuters Can’t stop reading?
Privateequityfirms have driven buyout activity to $133bn in 2024, a 78% increase compared to the previous year. Key deals during the year included a $6.9bn investment in Hargreaves Lansdown and a $5.5bn acquisition of cybersecurity firm Darktrace by Thoma Bravo.
Privateequityfirms RedBird Capital Partners and KKR & Co. Read more Canada’s Top Pension Funds Embark on Major Private Credit Expansion with C$1.3 Trillion in Assets Six of Canada's biggest pension funds managing C$1.3 billion) in assets have. billion) in assets have. trillion ($965.47
CVC Capital Partners, the third-biggest Europe-based privateequityfirm according to the PEI 300, is on track to raise what would be the largest-ever privateequity fund, defying the market’s choppy waters. is mulling the sale of $2 billion in privateequity. read more H.I.G.
The pension committed $155m to growth-focused privateequity funds, including $50m to Bansk Fund II, $30m to GTCR Strategic Growth Fund II, and $75m to TPG Growth VI. In the buyout category, $197.2m Additionally, the board approved a $30m investment in Locust Point Private Credit Fund III. in commitments across six.
Privateequityfirms are also playing an increasing role in reshaping governance and management at undervalued Korean companies, unlocking new value creation opportunities. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year.
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 are forecasting a substantial rise in UK deal activity in 2025, with 84% expecting to execute between five and ten deals, according to a report by Reuters citing a survey by Deutsche Numis published on Tuesday.
Wynnchurch established Infra Pipe Solutions in September 2018 after acquiring certain Canadian assets of Uponor Infra Oy , a Finland-based pipe manufacturer, for C$62.5 Its investment strategies span credit and real estate, privateequity, and permanent capital. Founded in 1998, Fortress is headquartered in New York City.
British privateequityfirm Apax has beaten off competition from rival buyoutfirm Bridgepoint to acquire the accounting arm of Evelyn Partners, in a deal valued at around £700m, according to a report by CityWire. The sale paves the way for Evelyn Partners to focus solely on its wealth management business.
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.
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
The New York-based privateequityfirm, which focuses on middle-market buyouts and growth investments, first backed Simple Mills in October 2019, becoming its largest shareholder. The deal marks the end of Vestars five-year investment in the company, during which it played a pivotal role in scaling the brands growth.
The Paris-based company has raised the money for a secondary fund that profits from institutional investors who sometimes have to sell stakes in privateequity funds early. Typically, buyout funds lock up investors’ money for more than a decade. By contrast, its flagship buyout fund had raised $15.5bn by the end of March.
based alternative investment group Ares Management Corp has agreed to fully acquire Singapore-headquartered privateequityfirm Crescent Point Capital, according to a statement on Tuesday. “We The transaction is expected to close in the third quarter of this year, Ares said in the statement.
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.
KKR and Bain Capital have each submitted first-round bids exceeding $5bn for the non-core assets of Japan’s Seven & i Holdings, according to a report by Reuters citing sources familiar with the matter. Bain, a competing US firm, offered about JPY1.2tn, while local firm Japan Industrial Partners proposed around JPY750bn.
Warburg Pincus, a leading privateequityfirm managing approximately $86bn in assets, has no immediate plans to pursue an initial public offering (IPO), according to a report by Reuters quoting CEO Jeffrey Perlman at the Reuters NEXT conference in New York on Tuesday. The industry bought a lot in 2021.
Macy’s added that it had asked Jefferies, the financial advisor for the buyout group, for updates around Arkhouse and Brigade’s plans to fund the deal earlier this month, but “no additional information” was provided. Read more Canada’s Top Pension Funds Embark on Major Private Credit Expansion with C$1.3
Global privateequityfirm Advent International is exploring the creation of a dedicated investment vehicle to target mid-sized deals, as it looks to expand its footprint in the privateequity market without venturing into unrelated sectors, according to a report by Bloomberg. ” Maldonado explained.
Wynnchurch Capital , a privateequityfirm specializing in middle-market companies, invests in businesses with revenues between $50 million and $1 billion. Its expertise includes recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.
Buyoutfirms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.
This potential higher bid adds a layer of competition to HKBNs lengthy buyout process. I Squared Capital aims to submit its proposal by the end of January, though sources say the timeline remains uncertain.The Miami-based firm is also exploring the possibility of including a non-cash component in its bid structure, one said.
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.
Mitsubishi Chemical has agreed to sell its pharmaceutical subsidiary, Mitsubishi Tanabe Pharma, to US privateequityfirm Bain Capital in a deal valued at JPY510bn ($3.36bn) as part of a broader effort to streamline its portfolio.
Deals of this magnitude remain uncommon in the buyout world. According to data from Dealogic, between 2020 and 2024, only 27 privateequity sales exceeded $10bn out of nearly 2,900 US divestitures.
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.
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 Asset Management closed its purchase of Norwegian e-learning platform Kahoot!
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.
Privateequityfirm Thomas H. THL prevailed in an auction for the company over other privateequityfirms because its bid was favoured by Standish’s management, which currently holds a roughly 45% stake in the business, one of the sources said. read more The post Buyoutfirm Thomas H.
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?
Rumors emerged earlier this month that privateequityfirms are considering a buyout. While some sort of buyout looks like the most likely path for Peloton, either by privateequity or a larger company looking to scoop up the brand, any deal is unlikely to save longtime shareholders from enormous losses.
Sienna Investment Managers’ privateequity team has launched a mid-market European buyout fund, Citywire can reveal. Sienna IM has €32bn in assets under management in total and employs more than 280 people. Most recently the group elected Michael Dobson , former chief executive of Schroders, as non-executive chair.
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 Asset Management and Hayfin Capital Management. is leading a €950m ($1bn) loan package to back Permira’s buyout of Gossler, Gobert.
Buyoutprivateequityfirms are having difficulty offloading companies and returning cash to investors, with direct lenders including Blackstone, Goldman Sachs Asset Management (GSAM) and Neuberger Berman Group swooping in to provide cash, according to a report by Bloomberg.
Montel, a portfolio company of privateequityfirm The Riverside group’s affiliated European fund, is to acquire the assets of SKM Market Predictor (SKM), a provider of analysis and advisory services for the Nordic power and renewables markets.
Devon Energy said on Monday it had entered into a deal to acquire certain assets of Bakken-focused energy producer Grayson Mill Energy, which is owned by privateequityfirm EnCap, in a cash-and-stock deal worth $5 billion. In June, the privateequityfirm sold some shale assets of XCL Resources for about $2 billion.
The funds are reportedly looking at a 100 per cent buyout Adani Capital has $40bn of assets under management and $8bn in book value. Read more Endeavor Closes $610m Equity Fund The investment vehicle is anticipated to yield a total capitalization of more than $1.5 The group is expecting 2-2.5
billion) from the sale of a construction subsidiary to its major shareholder, in a buyout deal that would help it cut debt and pay a special dividend. That would make the deal Hong Kong’s largest since privateequityfirm EQT (EQTAB.ST) paid $7.4 is mulling the sale of $2 billion in privateequity.
Angelo Gordon, a $73bn alternative investment firm focused on credit and real estate investing, today announced the final close of the AG Asset Based Credit Fund, L.P. the “Fund”) with over $1bn of equity commitments, exceeding its $800m target. insurance carriers to access the strategy in a capital efficient format.
The GXO buyout equation The news of a potential sale comes as a surprise as GXO has been growing through acquisitions, and seemed set to continue that strategy after bringing Clipper Logistics, PFSweb, and Wincanton into the fold over the last three years. On Thursday, investors were greeted by news that GXO could sell itself.
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 Asset Management, Blackstone Inc.,
A potential take-private deal for Walgreens Boots Alliance led by privateequityfirm Sycamore Partners could pave the way for a three-way split of the struggling US pharmacy giant, according to a report by the Financial Times.
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 Asset Management Ltd.,
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