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Australian vehicle leasing and management company SG Fleet has entered exclusive negotiations with Pacific Equity Partners (PEP) following a takeover proposal from the privateequityfirm that values the company at around AUD1.2bn (US780.1m). to 12% decline from the previous fiscal year.
Japanese IT company Fuji Soft’s founding family has reaffirmed its support for a takeover proposal by privateequityfirm Bain Capital, despite opposition from Fuji Soft’s board, according to a report by Reuters citing a jointly released statement with Bain. Bain’s bid aims to acquire 50.1%
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.
French payments company Worldline (WLN.PA) is attracting early-stage takeover interest from privateequityfirms, including Bain Capital, as it faces a challenging period of falling share prices, profit warnings, and leadership changes, according to a report by Reuters.
Opdenergy shares jump 43% following €866m Antin bid Shares in Opdenergy Holdings climbed Monday after Antin Infrastructure Partners said it had made an offer to buy the Spanish energy company In early morning trading, shares in the company were up 43% to €5.71. Source: PrivateEquity News Can’t stop reading?
on Monday after news that privateequityfirm 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%
A consortium led by privateequityfirms Starwood Capital Group and Warburg Pincus has made a HKD55.19bn ($7.09bn) bid to take Hong Kong-based real estate investment firm ESR Group private, according to a report by Reuters citing a company announcement on Wednesday. The offer represents a 55.7%
Mitsubishi Chemical has agreed to sell its pharmaceutical subsidiary, Mitsubishi Tanabe Pharma, to US privateequityfirm Bain Capital in a deal valued at JPY510bn ($3.36bn) as part of a broader effort to streamline its portfolio.
Privateequityfirm MBK Partners has teamed with Young Poong Corp, the largest shareholder of Korea Zinc Co, to launch a joint tender offer to acquire a controlling stake in the world’s leading refined zinc producer, valuing the company at KRW13.7tn won ($10.3bn), according to a report by Bloomberg.
The business, which owns book retailers Foyle’s and Waterstones, has reportedly said it would be interested in buying Reiss for upwards of £500m from Next and its other shareholderprivateequityfirm Warburg Pincus, Sky News reported.
Privateequityfirm Blackstone Inc. billion) to back its bid for Australian data center operator AirTrunk, people familiar with the matter said. AirTrunk shareholders have been seeking around A$20 billion in the sale, people with knowledge of the matter have said. billion ($3.7
Origin Energy’s largest shareholder AustralianSuper said on Thursday it will vote against a latest revised $10.6bn takeover bid from a Brookfield-led consortium, reiterating its view that the offer is “substantially below” its estimate of the power producer’s long-term value. Under the new terms, the A$9.43
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.
Privateequityfirm Apollo Global (APO.N) is weighing a bid for UK’s Pension Insurance Corporation (PIC) in a deal that could value the company at about $6.26bn, Sky News reported on Wednesday. is weighing a bid for UK's Pension Insurance Corporation. is weighing a bid for UK's Pension Insurance Corporation.
billion all-cash offer from privateequityfirm Silver Lake and Canada Pension Plan Investment Board (CPP Investments). Shareholders have been offered $18.15 Qualtrics said that it expects the transaction to close in the second half of 2023, after which it will be a fully private company once more.
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
Terran Orbital's board viewed that bid as undervaluing the company, and responded by adopting a temporary "poison pill " shareholder rights plan that halted Lockheed's effort, allowing it time to consider its options. Investors appear to be hoping for a sweetened bid from Lockheed Martin to get the deal done.
Prima Assicurazioni, an insurance start-up backed by some of the world’s largest privateequityfirms, is seeking indicative offers this week to bring in a new minority investor and raise fresh cash, two people close to the matter told Reuters.
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.
privateequity fund KKR announced on Thursday a full takeover bid for Portuguese renewable energy company Greenvolt (GVOLT.LS) that values the firm at 1.16 above our target price, so we would recommend taking part in the takeover bid,” Renta 4 analyst Eduardo Imedio said in a research note. A unit of U.S.
Naxicap would remain a minority shareholder following the deal for ECF, which has annual revenues of about €760m. Read more Hidden River Strategic Capital concludes its inaugural fund at $245m Hidden River Strategic Capital, a Philadelphia-based investment firm, announced that its inaugural.
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. The chief executive at the time resigned to take responsibility for the chaos, after which the board began soliciting bids to take the company private.
Privateequityfirm Bain Capital has made a non-binding, all-cash offer to acquire Australian wealth manager Insignia Financial that values the 178-year-old company at AUD2.67bn ($1.70bn), according to a report by Reuters. Under the terms of the proposal, Insignia shareholders would receive AUD4.00
Bain Capital is moving closer toward a potential takeover of data centre operator Chindata Group Houp Talks between privateequityfirm Bain and Chindata’s board, which is evaluating an $8 per ADS offer from Bain, are now centred on determining a valuation, according to a Bloomberg report on Sunday, which cited people familiar with the matter.
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. parent company of the Pollo Tropical® restaurant brand, and. parent company of the Pollo Tropical® restaurant brand, and.
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 The binding offer is for €24.25
In mid-March, Chipotle's board announced plans to conduct a 50-for-1 forward split that would take effect on June 26 (assuming shareholders approve the split at the company's annual meeting in June). If shareholders give Chipotle the green light, its shares will trade closer to $64 by late June.
Privateequityfirm 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.
US privateequityfirm Silver Lake has secured over 85% of the share capital and voting rights of Software AG, the second biggest Germany-based provider of business software after SAP. A press note from Software AG put its total share in the firm at 85.1%; an equivalent note from Silver Lake put it at 87%.
Toshiba said on Monday a group led by privateequityfirm Japan Industrial Partners (JIP) would launch a $14bn tender offer on Aug 8th to take the industrial conglomerate private and put it in domestic hands. read more The post JIP to Launch $14bn Tender Offer for Toshiba appeared first on PrivateEquity Insights.
Paris-based privateequityfirm Keensight Capital has increased its buyout proposal for UK-based medical device maker Niox Group to 322.4m ($417.48m), signalling growing privateequity interest in the healthcare sector, according to a report by Reuters.
Privateequityfirm Silver Lake has confirmed it is working on a proposal that would take sports media and talent agency Endeavor private. Silver Lake is Endeavor’s single biggest shareholder, commanding 71 per cent of all voting power and has two executives on the board of directors.
Privateequityfirm KKR will take UK’s IQGeo Group private in a 316 million pounds ($396.04 IQGeo, which provides software solutions to telecommunication, fibre and utility firms, will recommend the deal to its shareholders, the company said. Read more: Reuters Can’t stop reading?
The deal for the casual dining giant, which will take the company private, had been approved by 93.5% of shareholders. Apollo paid shareholders 65p a share in cash, giving TRG, which incorporates Wagamama and the Brunning & Price pub chain, an enterprise value of £701m. Source: TheCaterer Can’t stop reading?
The board of Hargreaves Lansdown, the UK’s largest investment platform, has said it is willing to “unanimously recommend” a £5.4bn takeover offer from a consortium of privateequityfirms led by CVC Capital Partners, according to a report by the Financial Times. This offer values the company at £11.40
Open Gate Capital, a global privateequityfirm, announced today that it has signed a definitive agreement with Cineplex, Canada’s leading entertainment and media company, to acquire their Player One Amusement Group (“P1AG” or “Player One”) division. appeared first on PrivateEquity Insights.
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. The insurers involved declined to comment. stake in Indian cancer.
(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.
SMBC), Asian Infrastructure Investment Bank (AIIB), and privateequityfirm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India, the company’s chief executive officer and managing director Pinaki Bhattacharyya said. appeared first on PrivateEquity Insights.
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.
after other interested parties, including privateequityfirm Apax Partners, dropped out, three people familiar with the situation said. 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%
The Special Committee and, ultimately, the full Fiesta Board of Directors, determined that this transaction delivers significant, immediate and certain value to Fiesta stockholders while providing Pollo Tropical the scale, resources and flexibility for continued success as part of a private company.”
TPG Inc-backed hospital group Columbia Asia Sdn Bhd and Sunway Medical Centre, a unit of Kuala Lumpur-listed Sunway Bhd, were picked to proceed to the next round of bidding, said the people. Binding bids for Ramsay Sime Darby Health Care Sdn Bhd are due in October, the people said.
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.
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