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GFL to cut $5.59bn deal with private equity firms Apollo and BC Partners

Private Equity Insights

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 private equity firms Apollo and BC Partners. GFL Environmental announced on Tuesday that it will sell its environmental services division in a deal worth $5.59bn.

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Hedge funds and private equity firms pour more money into Lloyd’s ILS vehicle

Private Equity Wire

International hedge funds and private equity firms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times.

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EG Group targets $13bn New York IPO to drive growth and reduce debt

Private Equity Insights

The company, co-owned by the Issa brothers and private equity firm TDR Capital, plans to list later this year in one of the largest retail IPOs in recent memory. The IPO will reportedly value the UK-based firm at approximately 10.7bn ($13bn). EG Group is gearing up for a $13bn IPO on the New York Stock Exchange.

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Brynwood Partners exits SunnyD owner Harvest Hill in $1.5bn sale to Castillo Hermanos

Private Equity Insights

The deal marks a significant cross-border exit for Brynwood, a US private equity firm specialising in lower middle market consumer assets. Harvest Hill was formed in 2014 when Brynwood carved out Juicy Juice from Nestl USA, and has since grown into a leading North American beverage platform.

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Blackstone and Permira assess debt options for €6.5bn Adevinta deal

Private Equity Insights

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.

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Why Walgreens Boots Alliance Soared Today

The Motley Fool

The beaten-down retail pharmacy rallied on rumors it might get bought out by a private equity firm. Private equity to the rescue? Today, The Wall Street Journal reported that private equity firm Sycamore Partners has been in talks with Walgreens regarding a potential buyout.

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Private credit funds take control of Alacrity in $4.3bn restructuring backed by BlackRock

Private Equity Insights

BlackRock had previously acquired a controlling stake in the business from private equity firm Kohlberg & Company in February 2023. The acquisition was part of a $4.3bn long-term private capital strategy.