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US investment firm I Squared Capital is considering a bid for Hong Kong-listed broadband provider HKBN, which could value the company at up to $1bn, according to a report by Reuters citing two sources familiar with the matter. This potential higher bid adds a layer of competition to HKBNs lengthy buyout process.
The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake. The transaction values Viridium at 3.5bn, including debt.
A high-stakes clash between private equity titans KKR and Bain Capital over a $4bn buyout of Fuji Soft is reshaping the landscape of mergers and acquisitions (M&A) in Japan, and could become a blueprint for more aggressive dealmaking in the country, according to a report by the Financial Times. The reputational stakes are incredibly high.”
on Monday after news that private equity firm Triton Partners has acquired a substantial stake in the drug discovery and development specialist ahead of a potential takeover bid for the company, according to a report by Bloomberg. Shares of Germany’s Evotec SE rose by up to 16.2%
US private equity giant KKR has escalated its battle with rival buyout firm Bain Capital over the acquisition of Japanese software company Fuji Soft, accusing Bain of violating a non-disclosure agreement (NDA), according to a report by Reuters. KKR and Bain are engaged in competing tender offers for Fuji Soft, with bids reaching up to $2bn.
The sale comes amid a surge in private equity-led buyouts in Japan, as companies divest non-core assets to enhance corporate and shareholder value. This figure includes a $47bn takeover bid for Seven & i Holdings by Canadian retailer Alimentation Couche-Tard.
It comes shortly after an influential shareholder rejected a pricey takeover bid from a peer, which may or may not be a coincidence. So what might Buck's departure indicate, and could it portend a renewed buyoutbid from that suitor? The bid amount wasn't made public. Start Your Mornings Smarter!
Insignia Financial’s shares surged to a three-year high on Monday after the Australian financial services company announced an AUD2.87bn ($1.78bn) takeover bid from US-based private investment firm CC Capital Partners, according to a report by Reuters. CC Capitals non-binding bid represents a 7.5% per share cash offer.
Sources said Ramsay – which has a market value of almost $12bn and 74 hospitals and clinics around the country – submitted a non-binding indicative bid to sell-side adviser Citi earlier this month. Sources cautioned there was no certainty Ramsay’s indicative bid would progress to a binding offer, nor that a signed deal would materialise.
CoStar management believes the deal will go through before the end of 2024, but it still needs to pass shareholder and regulatory hurdles. Details of CoStar Group's acquisition of Matterport In late April, CoStar announced its intention to acquire Matterport, with each Matterport shareholder receiving $2.75 in cash and $2.75
paves the way for a ¥2 trillion ($13.5bn) buyout that would end the electronics group’s 74-year-long run as a listed entity. That clears the way for the domestic fund to squeeze out the remaining shareholders and take full control of the company in what is set to be Japan’s biggest deal this year. Sumitomo Mitsui Banking Corp.
However, investors in another stock got schooled in Friday's premarket session, as Scholastic (NASDAQ: SCHL) released financial results late Thursday that didn't match up with shareholder expectations. At this point, Activision stock is now trading less than $1 below the proposed $95-per-share cash buyoutbid.
The consortium formed by Engie and Caisse de dépôt et placement du Québec (CDPQ) is set to compete with Spanish utility Iberdrola which is also preparing a binding offer ahead of the deadline set by ENWL shareholders in two weeks, the people said. ENWL could be valued at over 4 billion pounds ($5.1 Source: Reuters Can’t stop reading?
Investment firm MNC Capital has raised its all-cash buyout offer for Vista Outdoor – a provider of shooting and outdoor sports products, to $43 per share, up from its previous offer of $42 per share, valuing the business at $2.51bn, according to a report by Reuters. bn bid for Vista’s ammunition business, Kinetic Group.
Private equity firms Clayton Dubilier & Rice and Permira have made a bid to acquire French cybersecurity specialist Exclusive Networks, in a deal that values the company at approximately €2.2bn ($2.4bn), according to a report by Bloomberg. The binding offer is for €24.25
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. billion buyout offer appeared first on Private Equity Insights. New World Development (NWD) (0017.HK) HK) is set to bag as much as HK$21.78 billion ($2.78 billion ($4.53
Li Chaowang, Vinda’s founder and second-largest shareholder, is also considering teaming up with a bidder for the firm, they said, which has a market value of around $2.4bn. Read more GLP Capital Partners Raises $554m for Renewable Energy Fund GLP Capital Partners (GCP), an alternative asset manager based in Singapore, has established its.
Li Chaowang, Vinda’s founder and second-largest shareholder, is also considering teaming up with a bidder for the firm, they said, which has a market value of around $2.4bn. Bloomberg Source: The Star Can’t stop reading? parent company of the Pollo Tropical® restaurant brand, and.
Paramount Global was heading for a rocky start to trading today CNBC reported overnight that Sony Pictures is reconsidering its bid for the business. Stories last week were that Sony and private equity group Apollo planned to sell Paramount’s streaming services and TV channels if their US$26 billion joint bid goes ahead.
Macy's (NYSE: M) could reportedly be the target of an acquisition bid, while Cigna Group (NYSE: CI) called a potential deal off. Nevertheless, shareholders in both companies are happy with the potential outcomes. The iconic retailer could be going private, if reports of a takeover bid are correct.
Paris-based private equity firm Keensight Capital has increased its buyout proposal for UK-based medical device maker Niox Group to 322.4m ($417.48m), signalling growing private equity interest in the healthcare sector, according to a report by Reuters. Following the announcement, Niox shares surged as much as 25% in London trading.
Both American Equity Investment Life Holding (NYSE: AEL) and Stratasys (NASDAQ: SSYS) are seeing their shares move sharply higher after getting buyout interest from prospective acquirers, and shareholders seem excited about the prospects. With this bid valuing American Equity at $4.3 With this bid valuing American Equity at $4.3
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.
Private equity firm TPG Capital’s $1.8bn buyout offer for InvoCare, Australia’s largest funeral homes and crematoria operator, has garnered regulatory approval and the endorsement of an independent expert. The board of directors has unanimously backed the TPG offer, provided no higher bid emerges. Enovis Corp, a U.S.
IQGeo, which provides software solutions to telecommunication, fibre and utility firms, will recommend the deal to its shareholders, the company said. read more EQT’s Sinding Says Buyout Firms Hunt for New Ways to Exit A growing number of private equity giants are considering new ways of exiting their portfolio.
Software AG shareholders will now receive €32 in return for each tendered share in the company. The takeover has frustrated London-based Schroders, which owns eight percent of the company, and had bid €38 per share. Source: RCR Wireless News Can’t stop reading?
The shareholders, which include the company’s founders and buyout firm Permira, have been working with bankers at Goldman Sachs (GS.N) They have now revived the sale process, inviting private equity funds to bid for the business, the people said. Earlier this year, Reuters reported that buyout group Thomas H.
buyout firms Veritas Capital and Platinum Equity are vying to acquire Jacobs Solutions Inc’s (J.N) government consulting business, competing against rival contractor Amentum, according to people familiar with the matter. These operations generated $10.5bn in revenue in Jacobs’ latest fiscal year.
The Toshiba board initially said the 4,620 yen per share offer price was too low to recommend shareholders tender their shares, but later concluded the price was “fair” with no prospects of a higher offer or competing bid and unfavourable economic conditions. Source: Reuters Can’t stop reading?
The private equity house tabled a bid for Medica in late April and said this morning that IK IX Fund has now completed the deal. London’s listed assets have been a bright spot for deals in recent months despite a wider slowdown in the M&A market, with buyout shops tabling offers for FTSE companies that they believe are undervalued.
The UK company’s shareholders started considering selling the business in 2021 at a time when other Chinese corporates were unwinding acquisitions of non-core assets they acquired in recent years. EQT was among the buyout firms that were in the final round of bidding for Global Switch, Bloomberg News reported in late 2022.
Perhaps this is why shareholders are happy that the company might sell itself. Now what I'm not sure the news is entirely good for SentinelOne's shareholders. Sources reportedly said that the potential takeover bids from outside parties aren't living up to management's hopes.
Potential acquirers aren't bidding high enough According to a weekend report from Bloomberg, Shift4 founder and CEO Jared Isaacman sent an internal memo on Friday. According to a previous Reuters report, Fiserv and Amadeus were in a bidding war for Shift4, potentially valuing the company at $7 billion. As of 10 a.m.
For many investors, the prospect of a buyout was the last great hope for the struggling retailer. That bid was also rejected. The decision of course leaves Macy's shareholders wondering what comes next. The Arkhouse/Brigade offer was shareholders' last best hope Monday's big pullback is tempting to be sure. But let it go.
The parent company of Michael Kors got a buyoutbid from fellow luxury fashion company Tapestry (NYSE: TPR) , which is the parent of Coach. Tapestry and Capri announced that they had come to an agreement under which Capri shareholders will receive $57 per share in cash for their stock.
The move triggered fresh speculation that the company may be entertaining an improved acquisition offer from partner and minority shareholder Lockheed Martin (NYSE: LMT). Terran's board subsequently adopted a temporary " poison bill " shareholder rights plan along with a strategic review of the business.
A standing ovation for Endeavor Silver Lake is planning to make a bid for Endeavor, the massive talent agency run by Ari Emanuel, who was made famous in the HBO series Entourage. In a statement, Silver Lake said, "Silver Lake is committed to strategies that deliver value for all shareholders of Endeavor. As of 12:34 p.m. on the news.
Zuber will retain his existing shareholding in EG Group while his brother Mohsin will become sole CEO. Read more Wealthy Families Fuel $20bn Private Equity Buyout Wave Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in. billion Sterling bond tranche in 2021.
Indeed, although shareholders in SentinelOne (NYSE: S) might have been pleased to see a big gain on Monday, they might not be too thrilled at the reason for the move higher -- and they might end up feeling as though they were unable to unlock the full potential of the cybersecurity company.
This makes buyout group Bain the frontrunner to acquire the Swiss software manager after it first emerged as a bidder back in June. SoftwareOne received at least four non-binding bid proposals, as part of a strategic review, including from Bain and Apax, Reuters reported in October. SoftwareOne shares fell 1.1% of the company.
28, Shift4 stock soared after a Reuters report said that Amadeus and Fiserv were in a bidding war. Davidson analyst Peter Heckmann was quick to weigh in that Shift4 could be worth $130 per share or more in a buyout scenario. And that was really exciting considering it was trading below $90 per share at the time.
The report noted that Alphabet had met with investment bankers to discuss the size of any potential bid and whether the proposed tie-up would pass muster with regulators. The average long-term buyout premium runs about 30%, but buyers have been conservative about paying up in the face of macroeconomic headwinds and higher valuations.
The private equity consortium led by buyout giant CVC Capital Partners, alongside Nordic Capital and Platinum Ivy, poised to acquire Hargreaves Lansdown has expanded its roster of lenders backing the £5.4bn deal, accordong tome report by the Business Desk.
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