article thumbnail

Private Equity Firm Francisco Partners Buys IBM Weather Business at a Value of Around $1BN

Private Equity Insights

International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesday.

article thumbnail

Private Equity firms adapting to challenging market environment

Private Equity Insights

Following a challenging year marked by rising interest rates and slower growth, successful private equity firms are adapting to the changing environment, according to Dechert’s 6th annual Global Private Equity Outlook report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Pension takes GP stake in SME-focused private equity firm

Private Equity Wire

Texas Permanent School Fund (Texas PSF) has made an anchor investment of $200m in private equity firm Velocity Capital Management’s Opportunity Fund, with an agreement to negotiate acquiring a minority interest in the firm targeted to close in the fourth quarter.

article thumbnail

Private Equity Firm STG to buy Avid Technology for $1.4bn

Private Equity Insights

Private equity firm Symphony Technology Group on Wednesday agreed to buy media editing software maker Avid Technology Inc for about $1.4bn, including debt. Palo Alto, California-based STG is a mid-market private equity firm focused on technology investments. billion deal. Goldman Sachs Group Inc (GS.N)

article thumbnail

Texas Private Equity Firm Merit Energy Co Reserves $1bn For Oil & Gas Investments

Private Equity Insights

Dallas-based private equity firm 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.

article thumbnail

Ares Management to buy Singapore private equity firm Crescent Point Capital adding $3.8bn AuM

Private Equity Insights

based alternative investment group Ares Management Corp has agreed to fully acquire Singapore-headquartered private equity firm 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.

article thumbnail

Private Equity firm The Jordan Company to acquire DuPont Delrin resins unit for around $1.8bn

Private Equity Insights

Materials and chemicals maker DuPont De Nemours Inc is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8bn, Bloomberg News reported on Sunday, citing people familiar with the matter.