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Private equity firm L Catterton, which is backed by LVMH, has sold leading Italian bicycle brand Pinarello valued around $273m

Private Equity Insights

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.

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EQT tops Bundesliga media rights bidding at $14bn, trailed by CVC, Blackstone, and Advent

Private Equity Insights

EQT AB is leading the bidding as private equity firms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said. David Blitzer, a senior executive at Blackstone, owns a stake in German football team FC Augsburg.

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US Private Equity Firm 777 Partners Seek to Raise £171M to Buy Premier League Club After Everton Talks

Private Equity Insights

Miami-based 777 Partners held talks with Moshiri and his representatives with regard to an equity stake in the Blues before Moshiri entered into an exclusivity agreement with New York fund MSP Sports Capital over a 25 per cent deal via a preferential share structure, which are effectively loans with warrants that could be turned into equity.

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TDR Capital takes majority stake in Asda

Private Equity Insights

Private equity firm TDR Capital is set to become the majority stakeholder in UK supermarket chain Asda, through the acquisition of a 22.5% stake in the business from Zuber Issa, co-founder of EG Group, which ups its holding to 67.5%. stake in Asda, while US retail giant and Walmart holds 10%.

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€6bn PE Firm, Omnes acquires majority stake in EEF 

Private Equity Insights

Omnes Capital, a €6bn Paris-based private equity firm investing across energy transition and innovation, has completed its acquisition of a majority shareholding in EEF Erneuerbare Energien Fabrik (EEF), a German developer of energy solutions with locations in Berlin, Hamburg and Wiesbaden.

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Carlyle Group Sells $133m Stake in YES Bank

Private Equity Insights

Shares of YES Bank Ltd will be in focus on Friday morning after bulk deals data showed a Carlyle Group entity sold equity stake worth Rs 1,056.90 crore in the private bank through open market transaction. The entity CA Basque Investments sold 3,90,000,000 YES Bank shares, or 1.35 per cent stake, as of December 31.

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Verdane acquires majority stake in Corlytics

Private Equity Insights

Specialist growth investment firm Verdane has acquired a majority equity stake in Corlytics, a provider of regulatory intelligence and policy compliance technology. The investment will support the Corlytics’s continued growth. Verdane invested in Corlytics via its newly raised €1.1bn Edda III Fund.

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