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Read more Takeover Thursday: Private equitys top takeovers this month Read More Blackstone and Permira assess debt options for 6.5bn Adevinta deal Read More Update: Walgreens Boots buyout could lead to three-way breakup Read More The post Update: Walgreens Boots buyout could lead to three-way breakup appeared first on Private Equity Insights.
in the year ending 30 June 2024. Perwyn acquired the Italian food brand in January 2023 and appointed former Tyrrells and Lilys Kitchen CEO David Milner as chairman.
Beyond the Apleona transaction, other private equity-backed financings currently in the market include a 775m loan for the buyout of Dutch pharmaceutical firm Synthon International Holding BV and around 700m in debt for H.I.G. Capitals acquisition of Kantar Media. Can`t stop reading?
Walgreens Boots Alliance (NASDAQ: WBA) stock looks to have finally received some much-needed bullishness from investors. The stock was jumping last week on rumors that a private equity firm may be buying the company. While Walgreens stock is still down more than 60% this year (as of the end of last week), it is showing signs of life of late.
French private equity investor Argos Wityu has closed its debut energy transition buyout-focused Climate Action fund on 337m, 12% above its initial target. The post Argos Wityu raises 337m for energy transition buyout fund, aiming to decarbonise businesses appeared first on AltAssets Private Equity News.
The buyout comes amid a downturn in China’s property market, which has weighed heavily on ESR’s stock. In its May announcement, ESR stated that the proposal offered shareholders the option of receiving cash or rolling their shares into the new company, subject to the final terms of the deal.
read more CD&R, Permira Nearing $2.4bn Buyout Offer for Exclusive Networks An investor group backed by Clayton Dubilier & Rice and Permira has made a non-binding offer. read more The post CD&R, Permira Nearing $2.4bn Buyout Offer for Exclusive Networks appeared first on Private Equity Insights.
The post MassPRIM picks out GTCR smaller buyout fund, Nordic Capital mid-market vehicle in latest commitments appeared first on AltAssets Private Equity News. The $110bn-managing Massachusetts Pension Reserves Investment Management Board has picked a trio of private equity fundraises among its latest commitments.
Frazier Healthcare Partners closed its $2.3bn Frazier Healthcare Growth Buyout Fund XI, exceeding its target in just six months The fund, known as FHGB XI, is focused on controlling interests in middle-market healthcare companies and secured strong backing from global limited partners, including public pension funds, financial institutions, sovereign (..)
Artá Capital, a private equity firm focused on medium-sized Spanish and Portuguese buyouts, has hit a €400m final close for its third fund. The post Iberian buyout house Artá Capital scores €400m for Fund III final close appeared first on AltAssets Private Equity News.
Kantar Media, which operates in more than […] The post Deal Roundup: Bain Capital agrees $1bn Kantar Media buyout from HIG, LLCP picks up Synergy HomeCare from NexPhase Capital appeared first on AltAssets Private Equity News.
Usually, buyouts happen at a premium to the market stock price, and with shares down 63% on the year and 90% from their highs, there was ample room for a premium over yesterday's closing stock price. Shares of Walgreens Boots Alliance (NASDAQ: WBA) soared 20% on Tuesday, as of 2:35 p.m. Private equity to the rescue?
Global private equity dealmaking saw a 7% increase in buyout capital in 2024, reaching $511.6bn compared to $478.3bn in 2023, although the fundraising environment remained difficult, according to the Private Equity Q4 2024: Preqin Quarterly Update report.
ChrysCapital Management has successfully raised $2.1bn for its latest private equity fund, marking a significant milestone as the largest-ever capital raise by an Indian buyout firm, according to a report by Bloomberg citing sources familiar with the deal.
The firm specialises in growth equity and buyouts within communications, healthcare IT, information services, software, and tech-enabled services. The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy.
KKRs buyout of Fuji Soft is set to become Japans largest take-private deal this year, according to LSEG data. According to reports, WBA and Sycamore have been in discussions for a buyout that could be finalised this year.
Private equity firms have driven buyout activity to $133bn in 2024, a 78% increase compared to the previous year. read more European private equity deals surge by 78% amid economic challenges Private equity firms have driven buyout activity to $133bn in 2024, a 78% increase compared to the.
The firms acquired Adevinta in 2023 in one of Europes largest leveraged buyouts backed by private credit. 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.
Lower interest rates are expected to further fuel leveraged buyouts, setting the stage for an active 2025, Deloitte reported. Large buyouts accounted for 42% of total transactions in 2024, while smaller deals comprised 30%. The broader Asia-Pacific private equity market saw investment activity rise to $138bn in 2024, marking an 8.1%
Bain Capital, Advent International and EQT are reportedly exploring a potential buyout of Japanese cybersecurity business Trend Micro, which currently has a market cap of about $8.5bn.
The post Deal Roundup: Buyout majors said to mull bids for 900m Namirial, Golden Gate completes Stonehill sale appeared first on AltAssets Private Equity News. Bain Capital, Hg and TA Associates are reportedly preparing non-binding offers for Italian software developer Namirial, which could be valued at 900m.
The deal marks a significant exit for the British buyout firm following heightened regulatory scrutiny of private equity ownership in the insurance sector. The transaction values Viridium at 3.5bn, including debt. T&D Holdings will become the largest shareholder, while Allianz will acquire a 25% stake.
The original $44bn buyout of Twitter, later rebranded as X, included at least $12.5bn in debt. According to sources, Musk personally participated in the raise, alongside Darsana Capital Partners, which had previously acquired portions of Xs debt.
Private equity funds returned 3.09%, slightly edging out private credits 3.06%, driven by increased buyout activity, lower interest rates, and narrowing private debt spreads. State Streets Nan Zhang believes private equity could continue to gain momentum if inflation remains stable and buyout performance strengthens.
HWS has a complex ownership history, including a 2018 management buyout led by UK chief executive Jens Hofma, backed by Pricoa Capital Group. Cross-party MPs also criticised the governments NIC plans, describing the impact on hospitality as catastrophic.
The German advertising group had initially attracted strong buyout interest, with indicative offers valuing its “out-of-home” advertising division significantly above Stroeers 3bn market capitalisation.
In the buyout category, $197.2m The pension committed $155m to growth-focused private equity funds, including $50m to Bansk Fund II, $30m to GTCR Strategic Growth Fund II, and $75m to TPG Growth VI. was allocated, comprising $75m to Court Square Capital Partners V, 46m (~$47.2m) to Rivean Capital Fund VII, and $75m to Trive Capital Fund V.
10 they got some, in the form of a news report detailing a potential buyout deal. Despite the fairly minor price bump from the apparent buyout discussion news, the pharmacy chain operator's stock has largely been a big downer this year. That gave the shares a bit of a bump, but overall, investors remain cautious. Data by YCharts.
MorganFranklin Cyber completed a private equity-backed management buyout, becoming an independent cybersecurity firm with majority ownership held by Boston-based MC Partners. read more The post MorganFranklin Cyber goes independent with private equity backing appeared first on Private Equity Insights.
Private credit’s edge over buyout funds has been evident in seven of the last 10 quarters, partly due to direct lenders’ floating-rate loans, which provide steady interest payments. In the second quarter, private debt saw returns of 2.18%, while buyouts posted 1.47%, according to State Street’s index.
Major transactions included a $6.9bn consortium deal for investment platform Hargreaves Lansdown, a $5.5bn buyout of cyber security company Darktrace by Thoma Bravo, and Brookfield’s $3.8bn investment in French renewable energy developer Neoen. Smaller deals saw faster growth globally than in Europe.
read more European private equity deals surge by 78% amid economic challenges Private equity firms have driven buyout activity to $133bn in 2024, a 78% increase compared to the. read more The post PE-backed Diagnostyka targets $1.2bn valuation with Warsaw IPO appeared first on Private Equity Insights.
Is Matterport stock a buy after CoStar's buyout offer? Even after the jump Matterport shares still trade at a 10% discount to the buyout price, an indication investors are not certain the deal will get done at the price listed in the press release.
The New York-based private equity firm, which focuses on middle-market buyouts and growth investments, first backed Simple Mills in October 2019, becoming its largest shareholder. The deal marks the end of Vestars five-year investment in the company, during which it played a pivotal role in scaling the brands growth.
JLL Partners, a mid-market buyout shop, has revealed it is in the market with its nith flagship buyout Fund. According to Buyout Insider, the target represents a scaling back from the target of the recent Fund’s two predecessors.
Pan-European private equity house Apheon has raised a €435m continuation fund to reinvest in a pair of high-performing companies from its fourth mid-cap buyout vehicle. The post HarbourVest leads €430m continuation fund for pair of Apheon ‘star assets’ appeared first on AltAssets Private Equity News.
Though the reinsurance operations were the crown jewel of this buyout, General Re also owned a specialty investment fund known as New England Asset Management (NEAM). In 1998, Berkshire Hathaway announced it would acquire reinsurance company General Re for $22 billion in an all-share deal.
Buyout firm Energy Capital Partners (ECP) and its co-investors are edging closer to agreeing a deal for the $30bn sale of Calpine to Constellation Energy, according to a report by Reuters citing unnamed sources familiar with the matter.
As large buyout firms face growing pressure to return capital to investors, sellers are expected to adjust their price expectations, making transactions more feasible. A rebound in leveraged buyout volumes is expected to be driven by falling interest rates, an improved financing landscape, and the rising influence of artificial intelligence.
read more MorganFranklin Cyber goes independent with private equity backing MorganFranklin Cyber completed a private equity-backed management buyout, becoming an independent. read more The post Bridgepoint finalises Eckoh acquisition to drive expansion and innovation appeared first on Private Equity Insights.
This potential higher bid adds a layer of competition to HKBNs lengthy buyout process. I Squared Capital, which manages over $40bn in assets, had also engaged in discussions for a potential HKBN buyout in 2023, but those talks did not result in a deal. HKBN shares closed at HKD5.25
Its expertise includes recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Wynnchurch Capital specializes in investing in middle-market companies with revenues ranging from $50 million to $1 billion.
They've made it more expensive for the company to borrow money to finance new investments and refinance existing funding, including the scheduled buyouts of convertible equity portfolio financing (CEPFs). It intends to use the proceeds to complete all the planned buyouts of CEPFs through 2025.
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