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Ascential unit attracts at least two bids as other buyers drop out, with a price tag of $1.02bn

Private Equity Insights

BC Partners recently dropped out of the auction to buy WGSN due to concerns over the seller’s expectations on price, three sources said, speaking on condition of anonymity. The London-based private equity firm was in the second stage of bidding for WGSN, which has a price tag of 800 million pounds ($1.02 billion), they said.

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The HubSpot Buyout Looks Dead: Is the Stock a Buy?

The Motley Fool

A report from Reuters on Wednesday indicated that Alphabet had decided to drop a potential bid weeks ago, and that talks never even reached the due diligence stage. Alphabet now appears to have walked away from the bargaining table. Unsurprisingly, HubSpot stock has been tumbling as investors digest the news.

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EQT snaps up VetPartners in $1.4bn deal

Private Equity Insights

Street Talk can reveal EQT dealmakers, Frank Heckes and David Forde, have agreed terms with sell-side adviser Jefferies and the buyout firm has been anointed preferred bidder. However, limited partner sources suggested the final agreed price was slightly lower following a period of more in-depth due diligence.

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EQT Revives $6.5bn Global Switch Deal

Private Equity Insights

An agreement could be reached in the coming months depending on the outcome of the due diligence, the people said. EQT was among the buyout firms that were in the final round of bidding for Global Switch, Bloomberg News reported in late 2022. The owners of Global Switch — Chinese steelmaker Jiangsu Shagang Group Co.

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EQT to acquire VetPartners in AUD1bn-plus deal

Private Equity Wire

The report cites unnamed sources as revealing that EQT dealmakers, Frank Heckes and David Forde, have agreed terms with sell-side adviser Jefferies and the buyout firm has been anointed as the preferred bidder beating off competition from rival PE firm Affinity Equity Partners.

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Single-asset secondaries offer unique opportunity for buyout-like returns

Private Equity Wire

PARTNER CONTENT The GP-led secondary market continues to evolve and flourish, supported by ongoing demand for liquidity and a narrowing bid-ask spread between prospective buyers and sellers.

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Florida SBA to Offload $4 Billion in Opportunistic Credit Funds

Pension Pulse

In its October investment advisory council meeting, Bradley said the SBA had been bidding on second-hand fund stakes where it didn’t have a prior relationship – mainly in energy funds. The other driver was its buyout investments, which returned 10.4 Florida SBA has also been an active buyer in the secondaries market. percent in 2023.

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