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EQT AB is leading the bidding as privateequityfirms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said. has pegged it at $13.1bn, the people said, asking not to be identified because the information is private.
Investor discussions intensified after multiple bid vehicles, including Pug Bidco Limited, were registered on February 24. These entities share an address with BC Partners London office, and their listed director matches the name of Michael Chang, the firms New York-based co-head of healthcare. Read more here. Read more here.
Granite Ridge is primarily owned by entities controlled by Grey Rock Investment Partners, a privateequityfirm founded by Matt Miller and Griffin Perry, who serve as co-chairmen. The firm’s other co-founder, Kirk Lazarine, also sits on Granite Ridges board. after the announcement.
The founders of a business telecoms and IT services provider are on the brink of toasting a nine-figure windfall after entering advanced talks to sell it to one of Britain’s leading privateequityfirms. Insiders said a number of other privateequityfirms, including Bain Capital, had also explored offers for Focus Group.
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. KKR bid approximately JPY800bn ($5.1bn) for York Holdings, a unit being spun off by the Japanese retailer.
Privateequityfirm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1bn, including debt. The deal marks a win for privateequityfirm Rhone Capital, which took Fogo de Chão private for $560m in 2018.
Burger King UK, the fast-food chain backed by privateequityfirm Bridgepoint, has launched talks with lenders for a major refinancing, seeking additional capital to support its expansion plans, according to a report by Sky News. Prospective lenders are expected to engage in talks in the coming days.
Privateequityfirm Blackstone Inc. billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. billion of junior debt that private credit funds are in talks to provide, Bloomberg News reported earlier. billion ($3.7 Billion US pipeline operator ONEOK Inc.
Privateequityfirm Arcline Investment Management proposed to buy Circor International (CIR.N) billion including debt on Wednesday, topping a rival bid from KKR & Co (KKR.N) Arcline’s bidding war with KKR had already forced the latter to sweeten its deal with Circor to $1.7 billion from $1.6
KKR has preliminarily agreed to grant Italy’s Finance Ministry a stake of up to 20% in Telecom Italia’s fixed-network unit and give it a say in strategic decisions as part of the private-equity group’s bid for the so-called Netco business. billion (US$950m) equity. billion (US$950m) equity.
Privateequityfirm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. stake in Indian cancer. stake in Indian cancer.
billion), a third person familiar with the matter said, with the two bidders now in direct competition following the withdrawal of privateequityfirms such as KKR. read more The post Engie and CDPQ Team Up with €4bn Bid for UK’s Electricity North West Against Iberdrola appeared first on PrivateEquity Insights.
The London-based privateequityfirm was in the second stage of bidding for WGSN, which has a price tag of 800 million pounds ($1.02 media group Hearst Communications also abandoned plans to pursue a bid, one of the sources and a fourth source familiar with the matter said. billion), they said. read more H.I.G.
The defense prime is offering $1 per share in a deal that would value the company at $600 million, including the assumption of $313 million in debt. Investors appear to be hoping for a sweetened bid from Lockheed Martin to get the deal done. York's business is similar to Terran Orbital's.
billion all-cash offer from privateequityfirm Silver Lake and Canada Pension Plan Investment Board (CPP Investments). The deal has been financed substantively by “equity commitments” from Silver Lake and “co-investors,” with CPP Investments contributing $1.75 billion in equity and $1 billion in debt.
In the latest round of declaring their newly renewed everlasting love, EY recently rejected a bid from privateequity giant TPG to take a stake in the consulting business and complete the firm's now-scrapped divorce, according to a report Wednesday from the Financial Times.
Canadian privateequityfirm Brookfield is reportedly considering a €7bn ($7.4bn) takeover bid for Spanish pharmaceutical company Grifols and is completing due diligence on the plasma-based drugmaker, according to a report by El Confidencial. Brookfield is said to be evaluating a public tender offer at €10.5
Privateequityfirm Cinven has agreed to buy back 160m euros ($170m) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a messy liquidation of the Italian company, a person with knowledge of the situation told Reuters. stake in Indian cancer. stake in Indian cancer.
Privateequityfirms 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
Privateequityfirms HIG and CapVest have joined the competition to acquire AAH Pharmaceuticals, the UK’s largest pharmacy wholesaler, which has been put up for sale just three years after being acquired by German PE firm Aurelius, according to a report by the Financial Times.
The Allianz Core Private Markets fund will allow professional investors access to private markets and will be fully-paid in, meaning that investors do not have to deal with capital calls. It will invest in privateequity, corporate privatedebt and infrastructure equity and debt, alongside Allianz.
Privateequityfirm Thomas H. based fund administrator at about $1.6bn, including debt, people familiar with the matter said. Privateequityfirms see fund administrators as attractive investments, given their predictable income streams and the ability to grow these companies through debt-fueled acquisitions.
A privateequity-backed consortium, led by Bill Chisholm, Co-Founder of STG Partners, has struck a $6.1bn deal to acquire the Boston Celtics, marking the largest PE-led takeover of a sports franchise and setting a new record for NBA team valuations, according to a report by Bloomberg. The investor consortium also includes: Bruce A.
British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L) , people familiar with the matter told Reuters on Sunday. read more Apollo in Talks to Refinance $660m OYO Loan Indian hospitality unicorn OYO is in talks with privateequityfirm Apollo Global Management to.
Privateequityfirm EQT it has agreed to buy compliance software maker Avetta from Welsh, Carson, Anderson & Stowe (WCAS). EQT had prevailed in a sale process run by Avetta’s owner Welsh Carson, valuing the company at roughly $3 billion, including debt. in a deal that.
Sony Pictures is also working with private-equityfirm Apollo Global Management and mulling a firmbid for legacy media company Paramount Global. The two companies recently sent a nonbinding offer to Paramount's board that would take the company private at a $26 billion valuation , including the assumption of debt.
Privateequityfirms TA Associates and Warburg Pincus are exploring a sale of portfolio company Procare Solutions, a provider of child-care management software, that could value the business at nearly $2bn, including debt, according to a report by Reuters.
Privateequityfirms Blackstone Inc , EQT and THL Partners are competing against large U.S. industrial automation firms to acquire German power electronics firm EA Elektro-Automatik, according to people familiar with the matter. Source: Reuters Can’t stop reading? read more Blackstone, EQT, and THL in $1.5-$2bn
Privateequityfirm Silver Lake is preparing to explore a sale of Global Blue Group Holdings Ltd, a company that enables retailers to offer tax-free shopping after receiving expressions of interest from potential acquirers, people familiar with the matter said on Tuesday. Global Blue’s shares rose 9.2%
stake in the supermarket to existing owners privateequityfirm TDR Capital, the company said today, in signs the billionaire Issa brothers’ are separating a significant chunk of their close business interests. EG Group said it will use the proceeds from the divestment to repay debt and strengthen its balance sheet.
Indian hospitality unicorn OYO is in talks with privateequityfirm Apollo Global Management to refinance a $660m loan as the chain aims to reduce its debt in preparation for its initial public offering [IPO], sources familiar with the matter told Bloomberg.
Nasdaq is acquiring financial risk software company Adenza for $10.5bn in its largest-ever such deal, from privateequityfirm Thoma Bravo. Adenza, which is owned by privateequityfirm Thoma Bravo, is expected to generate $590mn in revenue and $300mn in cash flow this year, Nasdaq said. times EBITDA.
(Alliance News) – Gresham House on Wednesday said that its shareholders approved the planned takeover by US-based privateequity and debt investor Searchlight Capital Partners. Gresham House in July agreed with Seed Bidco Ltd, a newly incorporated entity formed by funds advised by Searchlight at 1,105 pence per share bid.
based privateequityfirm Z Capital Group (ZCG) to establish an investment infrastructure fund for Africa. read more Brookfield’s $10.6bn Origin Energy Bid Faces Review from AustralianSuper Origin Energy's largest shareholder AustralianSuper said on Thursday it will vote against a latest.
Nordstrom also had long-term debt of $2.9 Nordstrom formed a special board committee in 2017 to consider a bid by the family to go private and explored a deal with several privateequityfirms, including Leonard Green. Nordstrom shares rose 6% to $19.90 billion as of the end of December.
The privateequityfirm is in discussions with Global Switch’s Chinese owners about a potential deal, said the people, who asked not to be identified as the information is private. EQT was among the buyout firms that were in the final round of bidding for Global Switch, Bloomberg News reported in late 2022.
Private credit funds recently provided a record €4.5bn ($4.9bn) loan to back the buyout of Adevinta ASA. Privateequityfirms have converged on Europe’s fragmented insurance broker market to hunt for deals. Read more Blackstone Leads $1bn Private Loan Package for Permira’s GGW Buyout Blackstone Inc.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up French TV production behemoth Banijay has also tabled a debt-funded bid for All3Media, while other parties are thought to be still in the running. is weighing a bid for UK's Pension Insurance Corporation. Source: Yahoo!
Vistara has maintained a consistent focus on mid-later stage enterprise software companies across North America seeking flexible and typically less dilutive forms of growth capital such as term debt, convertible debt, and/or structured equity. is weighing a bid for UK's Pension Insurance Corporation.
As The Wall Street Journal confirmed last month, there are (still) three companies currently bidding to acquire ULA from Boeing and Lockheed: Jeff Bezos' Blue Origin, defense shop Textron (NYSE: TXT) , and privateequityfirm Cerberus Capital Management. billion in net debt. Will the real ULA buyer please stand up?
The sale process has drawn bidders including Brazilian pulp maker Suzano and privateequityfirms Bain Capital, CVC Capital Partners and DCP Capital. The entry of Beaumont Capital as a shareholder in Vinda comes amid a bidding process for Sweden’s Essity’s 52% stake in the company.
The plan to retain the asset is a surprise reversal for Europe’s largest airline group, which has been selling assets while seeking to expand its airline operation with a bid for Italy’s ITA Airways, formerly Alitalia. were among privateequityfirms weighing a bid for the unit. Lufthansa rose as much as 1.3%
Privateequity giants Blackstone, Advent International, and TPG are among a host of firms preparing potential bids for eyecare company Bausch + Lomb, as the company initiates a sale process to resolve a stalled spin-off from its heavily indebted parent, Bausch Health, according to a report by the Financial Times.
Guilherme Paulus, who founded travel agency chain CVC Brasil Operadora e Agencia de Viagens SA five decades ago but had unloaded his stake in the past few years, subscribed part of the company’s public equity offering that priced last Thursday. The transaction was part of an agreement with local bondholders in a distressed debt restructuring.
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