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Ardian, a leading global privateequityfirm, raised $30bn for its latest secondary investments platform. This fundraising milestone is one of the largest in the privateequity secondary market. It highlights the growing demand for liquidity solutions among institutional investors.
BGF initially backed the company in 2018, supporting its expansion and acquisition of Doncasters Precision Forge. Trive Capital, which has significant experience in aerospace and defence, has acquired a majority stake in IFA. He noted that Trives investment signals further expansion opportunities for the company.
The Canadian waste management company based in Vaughan, Ontario plans to use the proceeds to reduce debt and repurchase shares. The business will be sold to privateequityfirms Apollo and BC Partners. GFL Environmental announced on Tuesday that it will sell its environmental services division in a deal worth $5.59bn.
True Religion announced on Tuesday that privateequityfirm Acon Investments has acquired a majority stake in the company. The US-based clothing company will maintain its independence following the acquisition. Similarly, Vera Wang was purchased by brand management firm WHP Global in December.
Ogunlesi will help the company secure the infrastructure needed to advance artificial intelligence development. GIP, a privateequityfirm managing over $100bn in assets, owns stakes in Gatwick Airport and offshore wind projects. AI requires large-scale computational infrastructure like specialised data centres.
The potential sale could mark a historic milestone in NFL ownership, particularly as privateequityfirms continue their push into professional sports investments. The Philadelphia Eagles recently set a benchmark by selling an 8% stake at an $8.1bn$8.3bn valuation. as their investment banker to oversee the process.
Read more: [link] Former Gucci CEO Marco Bizzarri is reportedly pursuing an acquisition of Versace through his investment firm, Nessifashion. The $6bn sale of the iconic Italian brand, owned by Capri Holdings, has attracted high-profile bidders, including Prada Group, Investcorp, and privateequityfirm Permira.
Elite Italian bicycle maker Pinarello changes hands Fausto Pinarello, the son of the founder of the bicycle group, would maintain a stake in the company and his role as chairman, L Catterton said in a statement. The company traces its roots back to a cycle shop set up by former professional cyclist Giovanni Pinarello in 1952.
A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin Cooperman, valuing the company at over $2bn, according to sources cited by the Financial Times on Tuesday. agreed to buy a Permian Basin rival and a controlling stake in. read more US Pipeline Operator ONEOK Inks Two Deals for $5.9
The funds stake, along with those of co-investors and other selling shareholders, has been acquired by Beltone Capital, a wholly owned subsidiary of Egypt-listed Beltone Holding. The transaction will see Beltone take a majority stake in Baobab. The deal was advised by Enexus Finance and remains subject to regulatory approvals.
stake in TIM, with an official announcement expected soon. CVC had been in talks to acquire Vivendis 24% stake in TIM, positioning itself as the companys largest investor. State-backed financial conglomerate Poste Italiane is set to acquire state lender CDPs 9.8% Both TIM and Poste declined to comment.
Wingstop UK has sold a majority stake in its business to the US-based privateequityfirm Sixth Street, according to a report by Yahoo Finance. Despite Sixth Street taking control, Wingstop UK’s three co-founders will reportedly maintain a minority stake in the company.
German privateequityfirm Maguar has taken a controlling stake in Navori Labs, aiming to drive the Swiss digital signage software companys global expansion. Moeri will remain actively involved in guiding the company through its transition to a broader management structure.
Ardian, the French privateequityfirm, has closed its latest mid-cap growth fund, Ardian Expansion Fund VI, at 3.2bn, surpassing its target by 10%. The fund will focus on high-growth, mid-sized European businesses, with equity investments ranging from 50m to 300m. Source: Yahoo Finance Can’t stop reading?
A range of high-profile companies from diverse sectors is considering listing in London. Privateequityfirm TSG Consumer Partners bought a 22% stake in BrewDog in 2017 for around 213m. Nonetheless, founder James Watt remains a significant shareholder, and the company has yet to start a formal process.
HBX Group, a privateequity-owned hotel room wholesaler, plans to raise up to 725m through an IPO in Spain. The companys valuation could reach approximately 5bn. The IPO includes partial stake sales by current shareholders, including CPPIB, Cinven, and EQT.
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%
The investment, confirmed by Bulgarian media outlet Capital , follows the companys 9.62m Series A round nearly two years ago. CEECAT Capital increased its stake in EnduroSat, citing the companys continued outperformance in the sector.
Vista Equity first acquired a majority stake in 2016 and later merged Granicus with GovDelivery, another Vista-backed firm. Harvest Partners joined as a significant shareholder in 2020 after acquiring a stake from Vista and K1 Investment Management.
CDP Equity (CDPE), a subsidiary of the Cassa Depositi e Prestiti Group (CDP), and Trilantic Europe, a prominent pan-European privateequityfirm, have jointly acquired a majority stake in Diagram Group, an Italian agritech innovator.
A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs Asset Management, has agreed to take control of Alacrity. BlackRock had previously acquired a controlling stake in the business from privateequityfirm Kohlberg & Company in February 2023.
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. Read more here. Read more here.
Software and technology-focused privateequityfirm Thoma Bravo has agreed to sell a Qlik minority stake to a subsidiary of the Abu Dhabi Investment Authority (ADIA), in a deal that values the data analytics company at $10bn.
Polish laboratory operator Diagnostyka SA, backed by privateequityfirm Mid Europa Partners, is gearing up for an IPO on the Warsaw Stock Exchange. The offering will feature shares held by Mid Europa, which owns a 47.83% stake in the company. The company serves approximately 20m patients annually.
BlackRock announced the deal in June last year, positioning the acquisition as a strategic move to enhance its investment technology capabilities and expand its footprint in the private-markets data sector. The company stated that it would carefully evaluate any proposals in the best interest of its stakeholders. Read more here.
Private investment major Apollo Global Management has acquired a majority stake in The State Group (TSG), a provider of electrical, mechanical, and automation services, as part of its Impact and Clean Transition investment strategy. Financial terms of the deal have not been disclosed.
Capri Holdings has engaged Barclays to identify potential buyers for Versace, attracting interest from privateequity funds and other fashion groups. This development follows Tapestry’s decision in November to abandon its $8.5bn acquisition deal for Capri, the parent company of Michael Kors.
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. It was unclear on Wednesday whether Bowmark would roll over its stake as part of the deal.
KKR, which already holds a 33.97% stake in Fuji Soft after acquiring shares from activist investors 3D Investment Partners and Farallon Capital, has struggled to secure a majority position. The company has repeatedly extended its tender offer, with the latest deadline set for Friday.
Under CEO Austin Lally, the company has evolved into a lucrative subscription-based business offering advanced security solutions. H&F acquired a majority stake in Verisure from Bain Capital in 2015. Four years later, the company delivered a $2bn dividend payout to its owners.
SK, the holding company of South Korea’s second-largest conglomerate, SK Group, plans to sell a stake worth KRW2.7tn ($1.86bn) in its specialty gas manufacturing subsidiary, SK Specialty, to the local privateequityfirm Hahn & Company, according to a report by Reuters.
The privateequityfirm, along with Amplitudes management and minority shareholders, will sell 85.6% of the business at 6.25 per sharean 80.6% premium over the last closing price.
British banknote printer De La Rue is in discussions with privateequityfirm Disruptive Capital GP and pension fund manager Pension SuperFund Capital, collectively known as PSFC Entities to sell up to 40% of its equity, according to a report by Reuters. The potential offer price of 1.25
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. The New York-based privateequityfirm, which focuses on middle-market buyouts and growth investments, first backed Simple Mills in October 2019, becoming its largest shareholder.
The company has seen strong performance in its core category, with pizza sales rising 46%, cementing its position as the fourth-largest pizza brand in the UK, according to NIQ data. He noted that the company is unlikely to enter additional categories, stating that success in a competitive market requires a dedicated approach.
The fund focuses on real estate secondaries, acquiring stakes in mature funds, providing liquidity to limited partners, and recapitalising existing assets. Thoma Bravo, a leading global software investment firm, closed its first Europe-focused fund at approximately 1.8bn (around $2bn) in capital commitments.
The privateequity giant is weighing either a sale of its 65% stake in HIP or an initial public offering, according to reports from Cinco Dias. Since acquiring the company from Banco Sabadell in 2017, Blackstone has grown HIP into one of Southern Europes leading hotel investment platforms.
KKR, the global investment firm, has entered a binding agreement to acquire Dawsongroup, a leading UK-based asset leasing company, as part of its Global Climate strategy. KKRs expertise in climate-focused infrastructure investments will help the company scale operations and strengthen its international presence.
Major privateequityfirms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.
The secondary market is at a major inflection point last years market volume, already at close to $150bn, represents only 2% of total privateequity assets under management and the opportunity set is growing much faster than the ready supply of dedicated capital, said Siddiqui.
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.
UK-based European privateequityfirm TDR Capital has made a majority investment in CorpAcq, a business acquisition compounder based in Altrincham, UK, which specialises in investment in UK SMEs with a focus on industrial products and services.
Additional privateequityfirms may join, potentially driving up valuations. The company aims to finalise the sale by late 2025 while keeping a 10% stake, valued at 1.3bn ($1.4bn), according to JP Morgan analysts. While JSW Group is taking a cautious approach, Berger Paints has exited, citing high costs.
The privateequityfirm has not disclosed financial returns from the exit. OSI Group, headquartered in Illinois, is a privately owned multinational food processing company with 67 manufacturing facilities and more than 20,000 employees operating across 16 countries, supplying 77 global markets.
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