MPE Partners invests in fasteners manufacturer Mid-States
PE Hub
OCTOBER 19, 2023
Mid-States was founded in 1973. The post MPE Partners invests in fasteners manufacturer Mid-States appeared first on PE Hub.
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KKR-backed Crosby Merges with Kito to Form New $1bn Brand
Private Equity Insights
OCTOBER 19, 2023
US based lifting tackle, equipment and accessories manufacturer Crosby has announced that the company will adopt the Kito Crosby brand as it merges the Crosby business with Kito, which it acquired last May. The merger was transacted by a cash tender offer by Crosby for all 21 million shares in Kito for $21 per share -a total of $442m, which represents a premium of 64.3 percent over the closing price and a 61 percent premium.
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FVLCRUM snaps up tech systems integrator AITC
PE Hub
OCTOBER 19, 2023
Womble Bond Dickinson served as legal counsel to FVLCRUM on the transaction. The post FVLCRUM snaps up tech systems integrator AITC appeared first on PE Hub.
Bad Returns in the Market Aren’t Always Bad
A Wealth of Common Sense
OCTOBER 19, 2023
The tax man Bill Sweet joined me on today’s show again to answer questions about expected returns in the stock market, changing income brackets and your finances, getting a late start on tax-deferred savings and borrowing from your portfolio. The post Bad Returns in the Market Aren’t Always Bad appeared first on A Wealth of Common Sense.
LMP invests in medical billing service ACU-Serve
PE Hub
OCTOBER 19, 2023
Jim Knight, founder and CEO of ACU-Serve, will continue to lead ACU-Serve. The post LMP invests in medical billing service ACU-Serve appeared first on PE Hub.
What Else Might be Driving Sentiment?
The Big Picture
OCTOBER 19, 2023
One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. I like to finish with a thought-provoking, often “investing-adjacent” idea they might not have previously considered.
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More Trending
Japan’s acute labour shortages fuel a long-awaited domestic consolidation
Financial Times M&A
OCTOBER 19, 2023
A series of so-called ‘acqui-hires’ are a sign of changing dynamics in Japanese dealmaking
Hildred Capital-backed SportsMed buys Mountainside Wellness
PE Hub
OCTOBER 19, 2023
SportsMed is a provider of physical therapy, chiropractic, acupuncture and occupational therapy services. The post Hildred Capital-backed SportsMed buys Mountainside Wellness appeared first on PE Hub.
Quadria Capital Raises $500m for Third Healthcare Fund
Private Equity Insights
OCTOBER 19, 2023
Singapore- and New Delhi-based private equity firm Quadria Capital has marked the first close of its third investment vehicle. The healthcare-focussed investor hit the close at approximately 60% of the base amount of $800m, it said in a statement on Wednesday. Quadria has a hard cap of $1bn for this vehicle. It has raised about $480-$500m so far. It had received commitments from both existing and new investors that include institutional investors, insurance and pension funds, development finance
Parabellum’s ieDigital looking at US add-ons to join Connect FSS
PE Hub
OCTOBER 19, 2023
Businesses that add mortgage market or retail banking tools would be a ‘complementary fit’, says Parabellum CEO Rami Cassis. The post Parabellum’s ieDigital looking at US add-ons to join Connect FSS appeared first on PE Hub.
EQT explores $2.1bn sale of data management firm Rimes
Private Equity Insights
OCTOBER 19, 2023
EQT AB has chosen Evercore Inc. to help with a potential sale of data management company Rimes Technologies, people with knowledge of the matter said. The Swedish investment firm and its adviser are working to gauge interest in Rimes, which could be valued at as much as $2.1bn, according to the people. A formal sale process could kick off early next year, they said.
European investment giant Ardian opens office in Montreal
PE Hub
OCTOBER 19, 2023
Frédérick Castonguay will lead Ardian's team in Montréal. The post European investment giant Ardian opens office in Montreal appeared first on PE Hub.
Blackstone, Brookfield,KKR & Antin Vie for Partners Group $9.5bn Stake in Techem
Private Equity Insights
OCTOBER 19, 2023
Brookfield Infrastructure Partners and Antin Infrastructure Partners are among several bidders vying for a stake in German metering firm Techem, four people familiar with the matter told Reuters. Private equity fund Partners Group wants to sell its majority stake for as much as $9.50bn, but offers may be closer to 7bn euros, the people said, speaking on condition of anonymity.
Bluestone taps Phillips as exec partner
PE Hub
OCTOBER 19, 2023
Phillips is a former president and CEO of ManTech. The post Bluestone taps Phillips as exec partner appeared first on PE Hub.
Providence Equity Partners Invests in Populous, Architect Behind Spurs and Arsenal Stadiums
Private Equity Insights
OCTOBER 19, 2023
A US private equity firm has taken a stake in Populous, the architect behind a string of new stadia for Premier League clubs including Arsenal and Tottenham Hotspur. The firm, which is also behind a £300m plan to extend Manchester City’s Etihad ground, set to be built by Sisk after Laing O’Rourke failed to agree a price , said Rhode Island-based Providence Equity Partners had acquired a “strategic minority investment” in the business.
Kensington Capital-backed Minus Global acquires Future Waste
PE Hub
OCTOBER 19, 2023
Future Waste is a food and liquid waste management company based in Drumbo, Ontario. The post Kensington Capital-backed Minus Global acquires Future Waste appeared first on PE Hub.
KKR Closes Third Tech Growth Fund at $3bn
Private Equity Insights
OCTOBER 19, 2023
KKR, a leading global investment firm, today announced the final close of KKR Next Generation Technology Growth Fund III (“NGT III” or the “Fund”), an approximately $3bn fund focused on investing in leading growth technology companies across North America, Europe and Israel. Latest Fund Represents KKR’s Largest Commitment to the Technology Growth Equity Sector.
Consello in deal debut; Vista invests in aPriori; Godspeed’s Douglas Lake on behavioral healthcare
PE Hub
OCTOBER 19, 2023
Consello Capital picks up legal tech firm in inaugural acquisition. The post Consello in deal debut; Vista invests in aPriori; Godspeed’s Douglas Lake on behavioral healthcare appeared first on PE Hub.
Pfingsten Partners Closes Oversubscribed Fund VI at $435m
Private Equity Insights
OCTOBER 19, 2023
Pfingsten is pleased to announce the closing of its sixth investment fund, Pfingsten Fund VI, with total capital commitments of $435m , surpassing its $350m target. Fund VI secured limited partner commitments from a diversified global investor base of family offices, endowments, foundations, consultants, asset managers, insurance companies and high-net-worth individuals, including 25 former portfolio company executives and family-founder partners.
Manfacturing insights platform aPriori lands investment from Vista Credit Partners
PE Hub
OCTOBER 19, 2023
The funding will be used for aPriori's growth. The post Manfacturing insights platform aPriori lands investment from Vista Credit Partners appeared first on PE Hub.
Bain Capital, CVC, and DCP Battle RGE for $3bn Tissue Maker Vinda
Private Equity Insights
OCTOBER 19, 2023
Royal Golden Eagle (RGE), a Singapore-headquartered group owned by Indonesian billionaire Sukanto Tanoto, is considering an offer for tissue maker Vinda International, Bloomberg reported on Thursday, citing people with knowledge of the matter. The sale process has drawn bidders including Brazilian pulp maker Suzano and private equity firms Bain Capital, CVC Capital Partners and DCP Capital.
Bernhard Capital-backed Environmental Systems Group scoops up ELOS Environmental
PE Hub
OCTOBER 19, 2023
Environmental Systems Group is a provider of environmental service solutions. The post Bernhard Capital-backed Environmental Systems Group scoops up ELOS Environmental appeared first on PE Hub.
Butterfly Equity-Backed Qdoba to Raise $325m in Securitization to Refine Capital Structure
Private Equity Insights
OCTOBER 19, 2023
Mexican fast food chain Qdoba Restaurant Corp. is looking to raise $325m to refinance debt by pledging its franchise agreements and other assets, opting for a funding tool that’s dropped in popularity this year. The San Diego-based company, owned by private equity firm Butterfly Equity, is working to finalize its first whole business securitization.
Godspeed: Growing demand for behavioral health services drives building projects
PE Hub
OCTOBER 19, 2023
Godspeed announced an investment in Stengel Hill Architecture, which specializes in healthcare facilities, earlier in the week. The post Godspeed: Growing demand for behavioral health services drives building projects appeared first on PE Hub.
Neuberger Berman to Manage £626m Private Equity Portfolio for Brunel
Private Equity Insights
OCTOBER 19, 2023
Brunel Pension Partnership, one of the eight Local Government Pension Scheme (LGPS) pools, has launched its third cycle private equity portfolio, which has £626m of capital to commit. The pension pool, which manages £38bn of investments, has selected Neuberger Berman to manage the vehicle named NB Clifton Private Equity III. According to Brunel, Neuberger will help Brunel invest most of the capital in third-party primary funds, with opportunistic secondaries and co-investments made through Neub
China threatens $69bn Broadcom-VMware mega-deal
Financial Times M&A
OCTOBER 19, 2023
Plus, US bankruptcy courts are rocked by an undisclosed romance and the Spanish company hoping to be the next big luxury IPO
Skoon Energy Raises $5.6M in Series A Funding
FinSMEs
OCTOBER 19, 2023
Skoon Energy, a Rotterdam, the Netherlands-based provider of an AI-powered software platform for clean mobile energy, raised $5.6M in Series A funding. The round was led by Blue Bear Capital, with participation from Graduate Entrepreneur Fund. The Series A round follows investments by Kees Koolen, early investor and CEO of Booking.com and former COO of […] The post Skoon Energy Raises $5.6M in Series A Funding appeared first on FinSMEs.
Jim Ratcliffe and the uphill task to transform Manchester United
Financial Times M&A
OCTOBER 19, 2023
Ineos founder looks to secure minority stake in club and take control of football decisions as unconventional deal nears
Cosmos Innovation Raises $19.7M in Funding
FinSMEs
OCTOBER 19, 2023
Cosmos Innovation, a Singapore-based AI-first company building next-generation perovskite silicon tandem (PST) solar cell technology, raised $19.7m in Series A funding. The round was led by Xora Innovation, with participation from Innovation Endeavors, Two Sigma Ventures, DeepMind CEO Demis Hassabis, MIT professor Tomaso Poggio, a founder of computational neuroscience, Richard Socher, a natural language processing (NLP) researcher, CEO of You.com and managing […] The post Cosmos Innovation
Blackstone: the second trillion is always the hardest
Financial Times M&A
OCTOBER 19, 2023
At its current pace, the group’s goal will take decades to reach
BaltCap launches €200m successor infrastructure fund
Private Equity Wire
OCTOBER 19, 2023
BaltCap, one of the largest private equity fund managers in the Baltics, has held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II), a 20-year successor fund focused on renewable energy generation and energy demand reduction. The fund, which is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation, will also target investment in transport infrastructure in the Baltics and Poland.
Beijing weighs delaying approval of $69bn Broadcom-VMware deal
Financial Times M&A
OCTOBER 19, 2023
Move would come in wake of tougher US controls on Chinese access to high-performance chips
Why big-name megafunds are saving private equity fundraising in Europe
AltAssets
OCTOBER 19, 2023
European private equity fundraising is being buoyed by the industry's megafunds as capital raising numbers mount a recovery from 2022's lows, new research shows. The post Why big-name megafunds are saving private equity fundraising in Europe first appeared on AltAssets Private Equity News.
Stone-Goff appoints Vice President, Head of Business Development
Private Equity Wire
OCTOBER 19, 2023
Stone-Goff Partners (Stone-Goff), a growth-oriented private equity firm focused on technology-driven B2B service companies, has appointed Allen Fozzard as Vice President, Head of Business Development. Fozzard will be responsible for leading SGP’s origination efforts focused on investment opportunities. Before joining Stone-Goff, Fozzard was part of the Business Development team at Symphony Technology Group with prior experience as an Associate at Valesco Industries, Inc and as an Analyst at JPMo
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