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The beaten-down retail pharmacy rallied on rumors it might get bought out by a privateequityfirm. 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.
The privateequityfirms 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. The firms acquired Adevinta in 2023 in one of Europes largest leveraged buyouts backed by private credit.
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. KKRs buyout of Fuji Soft is set to become Japans largest take-private deal this year, according to LSEG data. Read more here. Can`t stop reading?
are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction. KKR & Co.
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.
Privateequityfirms are forecasting a substantial rise in UK deal activity in 2025, with 84% expecting to execute between five and ten deals, according to a report by Reuters citing a survey by Deutsche Numis published on Tuesday.
All three firms successfully advanced to the second round of bidding, sources said. The offers surpass Seven & i’s expected enterprise value of JPY500bn an amount that includes debt. Separately, Seven & i’s founding family is in discussions to take the company private.
Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several privateequityfirms are cons idering a buyout of the connected fitness company, which is looking to refinance its debt and return to growth after 13 consecutive quarters of losses.
Insight Partners, Blackstone, and Clearlake Capital, the joint owners of Diligent Corporation, are considering strategic options for the corporate governance software provider, including a potential sale that could value the business at around $7bn, including debt, according to a report by Reuters.
Wynnchurch Capital , a privateequityfirm specializing in middle-market companies, invests in businesses with revenues between $50 million and $1 billion. Its expertise includes recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Lazard Frres & Co.
Buyoutfirms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.
The report cites data from KBRA DLD as revealing that the financing, which comprises a $4.8bn unitranche, a blend of senior and subordinated debt, and a $500m revolver facility, is the biggest private credit loan ever in the US.
EQT AB has secured $1.425bn in privatedebt from a group of private credit lenders led by Goldman Sachs group to help finance its acquisition of medical device firm Zeus Company Inc, according to a report by Bloomberg. Billion Private Loan for EQT’s Zeus Buyout appeared first on PrivateEquity Insights.
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.
US privateequityfirm Francisco Partners has agreed to buy financial data provider Macrobond for almost €700mn, the latest deal in a sector that has attracted billions of dollars from investors in recent years. The US-based firm beat out competition from other privateequity groups and strategic buyers.
On top of layoffs, Peloton is working on a debt refinancing plan that will push maturities back and buy it more time. Rumors emerged earlier this month that privateequityfirms are considering a buyout. There's no growth story here, just one of survival. Inventory reductions can't go on forever.
is leading a €950m ($1bn) loan package to back Permira’s buyout of Gossler, Gobert & Wolters, people with knowledge of the matter said. trillion private credit market is increasingly winning out over bank syndicates that had traditionally financed large buyouts with leveraged loans. Blackstone Inc.
Banks are at risk of losing out on significant underwriting fees from two of Europe’s largest buyout deals, as private-equityfirms are adjusting debt terms mid-process, affecting their ability to generate revenue, according to a report by Bloomberg.
Privateequityfirm Carlyle Group is in exclusive discussions to purchase Baxter International’s kidney care spinoff, Vantive, in a deal valued at around $4bn including debt, according to reports by Reuters and the Wall Street Journal. says it has signed a deal to be acquired by U.S.
Private credit lenders and banks are vying to offer debt financing for a potential acquisition of US education software provider PowerSchool Holdings, according to a report by Bloomberg citing people with knowledge of the matter.
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. That would make the deal Hong Kong’s largest since privateequityfirm EQT (EQTAB.ST) paid $7.4 It will use rest of the proceeds to repay debt.
The company specializes in an instrument called venture debt -- or loans made at high interest rates. Generally speaking, during the early days of a start-up , founders will raise money from venture capital or privateequityfirms in exchange for equity. Hercules Capital: 11.5% Horizon Technology Finance: 9.9%
Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveraged buyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg. Lending limits have also increased.
Shares in Peloton soared by as much as 18% on Tuesday after CNBC reported that several privateequityfirms are considering a buyout of the connected fitness company, which is looking to refinance its debt and return to growth after 13 consecutive quarters of losses.
Separating from XPO, the argument went, would allow the company to focus on acquisitions that best serve its own goals and use debt and equity compensation to advance the business. The company was created as the world's largest independent, pure-play contract logistics company with close to 1,000 warehouses in North America and Europe.
Privateequityfirm CVC Capital Partners has shunned the private credit markets in favour of loans from investment banks to finance two of its latest buyouts – restaurant group La Piadineria and vitamin manufacturer Sunday Natural – according to a report by Bloomberg.
Private credit investor Pemberton Asset Management is partnering with the Abu Dhabi Investment Authority to raise at least $1bn to provide net asset value loans to privateequityfirms, according to a report by Bloomberg. ADIA is set to anchor the strategy, which is expected to close in the coming weeks.
Buyoutprivateequityfirms are having difficulty offloading companies and returning cash to investors, with direct lenders including Blackstone, Goldman Sachs Asset Management (GSAM) and Neuberger Berman Group swooping in to provide cash, according to a report by Bloomberg.
Privateequityfirm KKR & Co. from Veritas Capital, reviving a battle between Wall Street banks and private credit lenders to provide financing for one of the year’s biggest buyouts. HPS Investment Partners and Oak Hill Advisors were in the pole position to provide debt financing for the Carlyle purchase.
EQT has agreed to acquire a majority stake in Spain’s Universidad Europea from privateequityfirm Permira, in a deal that sources said valued the higher education group at more than 2 billion euros ($2.2 billion) including debt. The buyout groups announced the deal on Monday.
Blackstone, the world’s largest privateequityfirm, has turned to direct lenders to help finance its $2.3bn acquisition of Rover Group, the world’s largest online marketplace for pet care, with the firm seeking about $250m of privatedebt, according to a report by Bloomberg.
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 South Korea’s Hahn & Co raises $3.4bn for new buyout fund Aircraft landing gear maker Héroux-Devtek Inc.
A roughly $5 billion debt deal for the buyout of health-care tech company Cotiviti Inc. was poised to become the largest such financing ever provided by private credit firms when first contemplated last year. 14, KKR and Veritas had already lined up more than enough buyers for the debt at a margin of around 3.5
South Korean buyoutfirm Hahn & Co. including a sale that could value the company at about $10bn including debt, according to people familiar with the matter. The buyoutfirm is seeking an equity value of more than $2bn for SK Shipping in a deal, according to the people. Hahn & Co. Hahn & Co.
Pub giant Marston’s has been approached by a US privateequityfirm over a potential takeover. Shares in the Wolverhampton-based company surged by more than a fifth immediately after it confirmed the proposal regarding a potential cash offer by Platinum Equity Advisors. Read more: Yahoo Movies Can’t stop reading?
maker of sports uniforms and school yearbooks at more than $6bn, including debt, people familiar with the matter said. Bain has been interviewing investment banks to hire financial advisers that will help the privateequityfirm come up with a plan to cash out on its majority stake in Varsity Brands, the sources said.
South Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), is set to invest $150m in Apollo Global Management, the world’s second-largest privateequityfirm. According to industry sources on Sunday, KIC will allocate 200bn won to Apollo Global Management’s 10th buyout fund. stake in Indian cancer.
Privateequityfirm KKR & Co agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyoutfirm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday.
K2 Insurance Services has joined the growing list of companies looking to reduce borrowing costs by swapping private credit debt for leveraged loans by initiating $500m refinancing deal, according to a report by Bloomberg. In contrast, the current debt package carried a spread of 6.75 cents on the dollar. cents on the dollar.
Permira Holdings’ deal to acquire Ergomed is being funded with support from Blackstone’s credit unit in the latest sign that that private lending firms are taking buyout business from traditional lenders including banks, according to a report by Bloomberg.
The direct-lending funds, one in euros and the other in dollars, are targeting capital from institutional investors for a fixed term, said the people, who aren’t authorized to speak publicly on private matters. Blackstone Credit and other major privatedebt managers such as Ares Management Corp.
Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion pounds, while Blackstone acquired UK-based software firm Civica for $2.5 read more EQT’s Skincare Firm Galderma Sets Terms for $2.6 billion Swiss-franc ($2.6.
The privateequity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1bn, including debt, according to people familiar with the matter. Buyoutfirm Madison Dearborn Partners is working with investment bank Evercore (EVR.N)
KKR has partnered with the Italian government on the deal, which could provide a lifeline for the debt-laden former phone monopoly. ADIA has backed some of the largest buyout deals in Europe this year, including EQT AB’s approximately £4.5 billion) take-private of UK veterinary drug maker Dechra Pharmaceuticals Plc. billion ($5.5
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