Private Equity Insights

OCTOBER 12, 2023

Wagamama owner The Restaurant Group has agreed to a takeover by private equity giant Apollo in a deal worth more than £700m. The Restaurant Group (TRG) said it backed the “certain value” offered by the deal amid consumer spending woes and wider economic uncertainty. Apollo will pay 65p a share for TRG, which marks a 34% premium on the firm’s share price as of market close on Wednesday.

Private Equity Firms 246

Private Equity Firms Private Equity Firms Stakes Taxes 246

PE Hub

OCTOBER 12, 2023

ZyTech is a Balzac, Alberta-based designer, manufacturer and distributor of building materials for the construction industry. The post TriWest Capital Partners sells Zytech Building Systems to Rona appeared first on PE Hub.

Capital 216

Capital 216

A Wealth of Common Sense

OCTOBER 12, 2023

Kevin Young joined me again this week to discuss questions ranging from expected returns in corporate bonds, the best month to invest a lump sum, setting up an account to pay for your child’s healthcare costs, where pensions fit into a financial plan and how to allocate assets from life insurance. Further Reading: Income Alpha 13% per year might sound like a lot but that’s an increase of $180 the first year (.

Assets 138

Assets Accounting Returns Investing 138

PE Hub

OCTOBER 12, 2023

Northleaf has committed $200 million to fund EVPassport’s capital requirements and accelerate the build-out of EV charging systems. The post Northleaf to acquire control stake in EV charging company EVPassport appeared first on PE Hub.

Stakes 207

Stakes Companies Capital Funds 207

The Big Picture

OCTOBER 12, 2023

In August of 2022, I explained how Amazon became ordinary. Today I want to discuss how they have become bad. Since I first discussed the companies that lost my affection during the pandemic nearly two years ago, Amazon continues to stand out as delivering an ever-worsening set of experiences. I wanted to wait until after the (faux retail holiday) Prime Day(s) ended before sharing a few tales of further (to use Cory Doctorow’s phrase) “ Enshittification.” There are many problem

Returns 133

Returns Accounting Companies 133

PE Hub

OCTOBER 12, 2023

This transaction continues BV Investment Partners' ownership of the company and reaffirms its commitment to supporting Right Networks' long-term growth strategy. The post BV completes continuation fund for Right Networks appeared first on PE Hub.

Funds 203

Funds Companies Investing 203

PE Hub

OCTOBER 12, 2023

Other investors in the group include KKR, Bayview Asset Management, and CardWorks. The post Sixth Street-led investor group to acquire fintech firm GreenSky from Goldman Sachs appeared first on PE Hub.

Investors 202

Investors Asset Management Assets 202

Private Equity Insights

OCTOBER 12, 2023

Aberdeen oil services company THREE60 Energy, majority-owned by Simmons Private Equity, has acquired sector stablemates Pryme Group and Flexlife to take its headcount to 1,000-strong, and declared it has “huge growth potential”. Pryme Group and Flexlife were also controlled by Simmons Private Equity. The enlarged THREE60 business will have annual revenues of around £200m.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Leveraging Stakes 130

PE Hub

OCTOBER 12, 2023

Tropolis CEO Jeff Mason, CFO Jim Ryans and CTO Ben Calnin are co-founders. The post Insurance brokerage firm Tropolis grabs investment from Unity Partners appeared first on PE Hub.

Investing 201

Investing 201

Private Equity Insights

OCTOBER 12, 2023

BV Investment Partners, a Boston based private equity firm focused on tech-enabled business services, software, and IT services for more than 40 years, announced today the closing of a single-asset continuation fund transaction for Right Networks, a premier provider of cloud solutions to tax and accounting firms. This transaction continues BV Investment Partners’ ownership of the company and reaffirms its commitment to supporting Right Networks’ long-term growth strategy.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Funds Legal 130

PE Hub

OCTOBER 12, 2023

The Toronto firm has committed $200m to fund EVPassport’s capital requirements and accelerate the build-out of EV charging systems. The post Northleaf eyes Infrastructure-as-a-Service model with controlling stake in EVPassport appeared first on PE Hub.

Stakes 197

Stakes Capital Funds 197

Private Equity Insights

OCTOBER 12, 2023

Incline Equity Partners (“Incline”), a leading private equity firm dedicated to investing across the middle market, is pleased to announce the successful closing of Incline Equity Partners VI, L.P. (together with parallel vehicles, the “Fund” or “Fund VI”). Fund VI closed with more than $1.9bn of aggregate capital commitments, significantly surpassing its initial fundraising target.

Private Equity Firms 130

Private Equity Firms Private Equity Firms Funds Leveraging 130

PE Hub

OCTOBER 12, 2023

Conquest was founded in 2018 by CEO Mark Daley. The post Reynolda Equity Partners takes majority stake in clinical trial site services firm Conquest Research appeared first on PE Hub.

Stakes 197

Stakes 197

Private Equity Insights

OCTOBER 12, 2023

Warner Leisure Hotels, the UK’s only hotel chain to cater exclusively for adults and a Bourne Leisure portfolio company, has announced the continued expansion of its portfolio with the acquisition of two high-quality hotels – Dalmahoy Hotel and Country Club, near Edinburgh, and Forest of Arden Country Club, near Birmingham. Dalmahoy Hotel and Country Club, Warner Leisure Hotels’ first hotel in Scotland, is an attractive Grade A manor house set in over 1,000 acres and only 30 minutes from Edinbur

Private Equity Firms 130

Private Equity Firms Private Equity Firms Stakes Prospects 130

PE Hub

OCTOBER 12, 2023

In this role, Machado will advise Garnett Station’s portfolio companies to develop industry marketing programs focused on driving growth. The post Garnett Station Partners taps Machado as senior advisor appeared first on PE Hub.

Portfolios 196

Portfolios Companies 196

Private Equity Professional

OCTOBER 12, 2023

Warburg Pincus has closed its fourteenth fund, Warburg Pincus Global Growth 14 LP (Fund 14) with $17.3 billion of capital. Warburg began fundraising in 2021 with a target of $16 billion. Fund 14 is the largest-ever fundraise in the firm’s 57-year history, exceeding its previous global flagship fund which closed with $15 billion of capital… This content is for members only.

Funds 130

Funds Capital 130

PE Hub

OCTOBER 12, 2023

Marine Floats was founded in 1976. The post Branford Castle Partners backs marina services business Marine Floats appeared first on PE Hub.

193

193

Private Equity Professional

OCTOBER 12, 2023

AEA Investors has held an oversubscribed closing of its fifth small business private equity fund (SBPE), AEA Investors SBF V LP (Fund V), with more than $1.3 billion in total equity commitments surpassing its $1.0 billion target. Fund V represents an increase of over 50% of third-party capital from the firm’s earlier fund which closed… This content is for members only.

Banks 130

Banks Funds Capital Investors 130

PE Hub

OCTOBER 12, 2023

Northleaf acquires an EV-charging network. The post Northleaf buys EVPassport; BV extends ownership of Right Networks; and Elizabeth Crain moves on appeared first on PE Hub.

186

186

Private Equity Professional

OCTOBER 12, 2023

Apax Partners has closed the acquisition of Bazooka Candy Brands from Tornante Company and Madison Dearborn Partners. New York City-headquartered Bazooka produces, markets, and distributes a range of candy products including lollipops, gummies, chewy candy, gum, and chocolate under the brands Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, and Bazooka Bubble Gum.

Companies 130

Companies 130

PE Hub

OCTOBER 12, 2023

GHK was advised by Mesirow Financial, Inc. and represented by Weil, Gotshal & Manges LLP. The post GHK Capital buys manufacturer JohnsByrne appeared first on PE Hub.

Capital 182

Capital 182

Financial Times M&A

OCTOBER 12, 2023

Scott Sheffield built the oil company into the biggest producer in Texas

Companies 111

Companies 111

PE Hub

OCTOBER 12, 2023

Discovery Education is a global education technology company. The post Clearlake Capital-backed Discovery Education buys edtech firm DreamBox Learning appeared first on PE Hub.

Education 157

Education Capital Companies 157

FinSMEs

OCTOBER 12, 2023

Mana.bio, a Tel Aviv, Israel-based biotechnology company accelerating programmable drug delivery, raised $19.5M in seed financing. The round was co-led by Andreessen Horowitz Bio + Health, Base4 Capital, NFX, LionBird and Technion Institute of Technology. Led by Yogev Debbi, co-founder and CEO, Roy Nevo, co-founder and CTO, Avi Schroeder, PhD, scientific co-founder, and Kira Radinsky, PhD, scientific co-founder, Mana.bio […] The post Mana.bio Raises $19.5M in Seed Financing appeared first

Financing 111

Financing Finance Capital Companies 111

PE Hub

OCTOBER 12, 2023

SK Capital Partners completed the acquisition of Milestone from Amberjack Capital Partners earlier this week. The post SK Capital bets on energy waste sequestration appeared first on PE Hub.

Capital 147

Capital 147

FinSMEs

OCTOBER 12, 2023

Stagewell (NASDAQ: STGW), a New York-based company combining culture-moving creativity with technology for marketing, acquired Left Field Labs, a Culver City, CA-based digital agency at the intersection of technology and human-centric design. The amount of the deal was not disclosed. Left Field has spent over 15 years building a comprehensive digital offering and joins Stagwell’s Constellation Network to […] The post Stagwell Acquires Left Field Labs appeared first on FinSMEs.

Companies 111

Companies 111

PE Hub

OCTOBER 12, 2023

Based in Toronto, Spin Master is a children's entertainment company focused on providing toys, entertainment and digital games. The post Spin Master to buy early childhood play brand Melissa & Doug appeared first on PE Hub.

Companies 144

Companies 144

FinSMEs

OCTOBER 12, 2023

Phaver, a Helsinki, Finland-based builder of a gateway to make onboarding to web3 social platforms easy, raised $7m in seed funding. Backers included Polygon Ventures, Nomad Capital, Symbolic Capital, Foresight Ventures, Alphanonce, dao5, Kyros Ventures, Aulis Ventures, among many others. The company intends to use the funds to continue to expand operations and its development efforts.

Funds 110

Funds Capital Companies 110

Financial Times M&A

OCTOBER 12, 2023

Founder-led partnerships are ill suited for public market governance

Bidding 110

Bidding Capital 110

Private Equity Professional

OCTOBER 12, 2023

SK Capital Partners has agreed to acquire J&K Ingredients, a maker and supplier of food and beverage ingredients and a portfolio company of CORE Industrial Partners. CORE acquired J&K Ingredients in October 2020 from privately held Sausville Foods. J&K’s bakery ingredients total more than 400 SKUs in 13 categories including bread and roll bases, dough… This content is for members only.

Capital 100

Capital Portfolios Companies 100

Financial Times M&A

OCTOBER 12, 2023

International transport group with strong UK presence being pursued by investor I Squared

Investors 109

Investors 109

Tobias Financial

OCTOBER 12, 2023

The Latino community is making significant strides in the U.S. economy, with projections indicating a remarkable growth in purchasing power over the next few years. While this progression is noteworthy, it’s essential to recognize the challenges faced by Latino individuals in achieving financial stability. Despite the positive statistics, disparities in income, workplace discrimination, and lower inheritance rates persist, impacting long-term wealth accumulation.

Assets 98

Assets Investing 98

Financial Times M&A

OCTOBER 12, 2023

Sale of The Restaurant Group comes after months of pressure from activist investors

Investors 108

Investors 108

AltAssets

OCTOBER 12, 2023

Ares Management has launched a new open-ended direct lending fund looking to provide European and Asian individual investors with access to the booming sector in Europe. The post Ares, a first-mover in the now ballooning European direct lending market, is back with a new open-ended fund first appeared on AltAssets Private Equity News.

Funds 98

Funds Investors Debt Buyout 98