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The London-based privateequityfirm expects to launch fundraising in the second quarter of 2025 and targets a first close by year-end. The firm also exited Italian frozen bakery business Forno dAsolo and sold a stake in IMA Industria Macchine Automatiche SpA to BDT & MSD Partners.
German privateequityfirm Maguar has taken a controlling stake in Navori Labs, aiming to drive the Swiss digital signage software companys global expansion. It plans to leverage its resources, network, and expertise to scale Navoris operations. Founded in 1998, Navori has sold over 1.25
Privateequityfirms increased their activity in Europe last year, capitalising on the continent’s economic difficulties to acquire large companies at lower valuations, according to a report by the Financial Times. Smaller deals saw faster growth globally than in Europe.
Read more: [link] Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for privateequity sponsors. The group combines the firms corporate finance, leveraged finance, and equity capital markets teams into one unit. billion won.
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.
Privateequityfirm Endless acquired ASCO on 11 August 2023. Read more MSCI to Acquire the Remaining Stake in Burgiss for $697m in Cash Index provider MSCI said on Monday it will acquire the remaining 66% of Burgiss Group, a New. Source: OGV Energy Can’t stop reading?
EQT AB is leading the bidding as privateequityfirms 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.
BlackRocks push into GP solutions underscores its ambition to solidify its role in the alternative investments space, leveraging its scale and expertise to provide capital solutions for privateequityfirms globally. We can be a primary capital provider through our fund-of-funds business, Small stated.
The report cites unnamed sources familiar with the matter as revealing that the privateequityfirms have started consulting with investment banks in preparation for a potential sale process, expected to begin in early 2025. Clearlake Capital and Blackstone acquired minority stakes in 2018 and 2020, respectively.
Privateequityfirms Apollo Global Management and BC Partners have joined forces to agree a deal to acquire GFL Environmentals Environmental Services business at an enterprise value of CAD8bn ($5.59bn). GFL expects to realise cash proceeds from the transaction of approximately CAD6.2bn net of the retained equity and taxes.
Carlyle Group has secured private credit financing to acquire a majority stake in Australian waste management company Waste Services Group (WSG), according to a report by Bloomberg, citing sources familiar with the matter. The funds will support Carlyles purchase of the stake from Livingbridge, the anonymous source said.
Hastings, who joins from Eversheds Sutherland, is a finance lawyer focused on leveraged and acquisition financing. Hastings acts for privateequityfirms and their portfolio companies, corporate borrowers and for private credit funds in relation to transactions at all levels of capital structures.
Privateequityfirm Creador on Tuesday said it bought a 40 per cent stake in Malaysia’s Pet World International, months after Reuters reported the pet foods manufacturer was planning an initial public offering (IPO) in Singapore to raise up to $100 million. Source: Channel News Asia Can’t stop reading?
Buyout firms have long relied on controversial loans backed by equitystakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. The ILPA warns that any distributions received from a NAV-based facility might later be recalled to help repay the loan.
Norwegian oil and gas company DNO ASA has agreed to acquire Sval Energi, a portfolio company of privateequityfirm HitecVision, in a $1.6bn deal that includes a $450m cash payment and assumption of the company’s debt, according to a report by Reuters.
Privateequityfirm PAI Partners has agreed to acquire a majority stake in Audiotonix, a UK designer and manufacturer of professional audio mixing consoles and equipment, from Ardian, who will retain a minority stake alongside management. announced Friday that it has entered into.
Privateequityfirm PAI Partners has agreed to acquire a majority stake in Audiotonix, a UK designer and manufacturer of professional audio mixing consoles and equipment, from Ardian, who will retain a minority stake alongside management.
the most trusted brand in smart home and small business security, announced that it has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to GTCR, a pioneering privateequityfirm, for a purchase price of $1.6bn, subject to customary purchase price adjustments. down to 3.3.
The about-turn in the closely watched financing is the result of a tie-up between privateequityfirms KKR & Co. While KKR also has a large private credit lending operation, the firm doesn’t lend to companies owned by its privateequity funds. and Goldman Sachs Group Inc.
When a company is privately held, it typically raises funds from sophisticated investors such as venture capitalists or privateequityfirms. These institutions buy an ownership stake in the form of equity in the company in exchange for investment capital. How does IPO investing work?
GTCR, a leading privateequityfirm, announced today that it has signed a definitive agreement to acquire Cloudbreak Health, LLC (“Cloudbreak” or “the Company”), a leading provider of tech-enabled, healthcare-focused language interpretation services, in a corporate carve-out transaction from UpHealth, Inc.
Privateequityfirm KKR & Co. is said to be nearing a deal to buy a stake in Cotiviti Inc. from Veritas Capital, reviving a battle between Wall Street banks and private credit lenders to provide financing for one of the year’s biggest buyouts. is said to be nearing a deal to buy a stake in Cotiviti Inc.
US privateequityfirm Francisco Partners has agreed to buy financial data provider Macrobond for almost €700mn, the latest deal in a sector that has attracted billions of dollars from investors in recent years. The US-based firm beat out competition from other privateequity groups and strategic buyers.
stake in the supermarket to existing owners privateequityfirm TDR Capital, the company said today, in signs the billionaire Issa brothers’ are separating a significant chunk of their close business interests. stake in the supermarket to existing owners. Zuber Issa has exited Asda after selling his 22.5%
The two privateequityfirms are among the final bidders in the auction for DocuSign, which is set to be one of the biggest leveraged buyouts of 2024, the sources said. While the investment firms have not joined forces, it is possible that they may partner down the line to clinch a deal, the sources added.
Incline Equity Partners (“Incline”), a leading privateequityfirm 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”).
In the aftermath of a rejected offer for EY’s consulting business, US privateequityfirm TPG has signed a definitive agreement to acquire a majority stake in Crowe’s healthcare consulting unit. Crowe will retain a minority stake. The firm was founded in 1992 and manages assets and investments totaling $139bn.
The Fund focuses on asset-based specialty private credit investments in a variety of trade formats across a broad array of collateral types within consumer, real asset, and other specialty lending markets.
ARB is strongly committed to growing each of our brands by leveraging their respective foundations, while sharing best practices across our portfolio under our common ownership. Whelihan’s Pub & Restaurant based in the Greater Delaware Valley including Philadelphia and South Jersey and Mambo Seafood based in Houston, Texas.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 as it was delisted by privateequityfirm TPG Inc.;
and Trustar Capital are planning to raise $4bn from wealth funds to buy part of their stakes in McDonald’s Corp (MCD.N) The move would provide a partial exit for the buyout firms after they bought the business six years ago, according to the report on Wednesday, citing people familiar with the matter. Carlyle Group Inc (CG.O)
Alpha GCC will be owned by the promoter group of Aster India and funds managed by Middle East privateequityfirm Fajr Capital Advisors. Aster DM Healthcare will offload the 65% stake held by its wholly-owned subsidiary, Affinity Holdings, in Aster DM Healthcare FZC—the holding firm of GCC businesses—to Alpha GCC Holdings.
Direct Investments Many pension funds and endowments have hit the limit for how much they can allocate to privateequity, leaving buyout firms to turn to increasingly sophisticated wealthy families or sovereign funds. stake in the supermarket to existing owners. The shift is catching the eye of major investment banks.
Aldar Properties (‘Aldar’), Mubadala Investment Company (‘Mubadala’) and Ares Management (‘Ares’) today announced that they have entered into a new partnership to jointly invest $1bn in private real estate credit opportunities in the United Kingdom and Europe over the next three to five years.
We are excited to continue leveraging our team’s capabilities and the power of the Ares global platform to provide creative deal structures and liquidity solutions to both Limited Partners and fund sponsors.” Read more MBK Partners Launches Tender Offer for Stake in Hankook &Co., Source: Businesswire Can’t stop reading?
Pan-European privateequityfirm Astorg is to acquire a majority stake in data management specialist Redslim from Founders Eric Bensimon, Alberto Alcaniz, Soren Altmann, and Patric Mezei, who will re-invest significantly in the business.
Guilherme Paulus, who founded travel agency chain CVC Brasil Operadora e Agencia de Viagens SA five decades ago but had unloaded his stake in the past few years, subscribed part of the company’s public equity offering that priced last Thursday. appeared first on PrivateEquity Insights.
Global Blue intends to use the primary proceeds to reduce its debt balance, in pursuit of its long-term target of net leverage of less than 2.5x Read more Arctos Partners Drives into F1 with Aston Martin Stake, Valued at $1bn Aston Martin F1 team sells stake to privateequityfirm at $1bn valuation.
The firm has built a diverse team of nearly 30 people, including investment professionals from a number of leading privateequityfirms as well as executives with significant operational expertise, such as the former CEOs of Engie, Siemens Gamesa and Avangrid.
What's happening here Signet made an agreement with privateequityfirm Leonard Green & Partners (LGP), which had taken a preferred equitystake in the company in 2016, to repurchase half of LGP's 8.2 million shares in the retailer. As a result, Signet is repurchasing 4.1
Together, we can leverage our technology solutions across the group, new sectors and geographies to unlock opportunities and add value.” Read more Northleaf Acquires Controlling Stake in EVPassport for $200m Northleaf Commits $200m to EVPassport, Open API-Driven Electric Vehicle Charging Platform. Source: Yahoo!
energyRe will leverage these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids. Glentra will leverage its track record in developing and constructing renewable energy assets in the U.S. energyRe, an independent U.S.
The Global South Initiative will leverage TPG’s decades of experience investing across industries in the Global South. Considers Selling Stake in SK Shipping for $10bn South Korean buyout firm Hahn & Co. is reviewing strategic options for its majority stake in. is reviewing strategic options for its majority stake in.
The Amendment provides for interim financial covenant relief by increasing the maximum consolidated first lien leverage ratio permitted under the credit agreement, subject to certain conditions. read more BCI and Searchlight Capital to Take Consolidated Communications Private for $3.1bn Consolidated Communications Holdings, Inc.
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