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Blackstone leads $2bn deal for PE-owned accounting firm

Private Equity Insights

Deutsche Bank Securities Inc. Read more Blackstone leads $2bn deal for PE-owned accounting firm A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin. Billion Loan for AirTrunk Bid Private equity firm Blackstone Inc. ” Terms of the transaction were not disclosed.

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Private equity-backed Shein, Monzo & BrewDog to potentially IPO in London this year

Private Equity Insights

Digital bank Monzo, backed by Coatue and Capital G, has also hinted at potential London IPOs. Private equity firm TSG Consumer Partners bought a 22% stake in BrewDog in 2017 for around 213m. It has filed confidentially with the Financial Conduct Authority for a London IPO. However, it is also considering New York.

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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.

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Vista and Harvest consider $4bn exit from government software firm Granicus

Private Equity Insights

According to sources familiar with the matter, investment banks Jefferies and William Blair have been engaged to manage the sale process, expected to commence in the latter half of the year.

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Blackstone and Permira assess debt options for €6.5bn Adevinta deal

Private Equity Insights

The private equity firms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. Several financing scenarios are under consideration.

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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.

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Private equity firm Glow Capital Partners takes controlling stake in Cargo Crew

Private Equity Insights

Private equity firm Glow Capital Partners is set to acquire a 51 per cent stake in an Australian hospitality uniform brand Cargo Crew. Glow Capital was established by Adore Beauty’s co-founder Kate Morris and former Quadrant Private Equity managing partner Justin Ryan in 2021.