ExtraHop Announces Completion of Acquisition by Bain Capital Private Equity and Crosspoint Capital Partners
ExtraHop, the leader in cloud-native network detection and response, today announced the completion of its acquisition by Bain Capital Private Equity and Crosspoint Capital Partners. The transaction, first announced on June 8, 2021, valued ExtraHop at $900 million. ExtraHop is poised to accelerate momentum under new ownership and further advance its mission to help organizations […]
Uber Boosts Trucking Push With $2.25 Billion Deal To Buy Freight Service Transplace
Ridehail giant Uber is making a big push to beef up its trucking business by purchasing logistics service Transplace for about $2.25 billion, intending to turn its Uber Freight unit into a top player in arranging and tracking shipments of goods. Uber Freight said it has an agreement to buy Frisco, Texas-based Transplace for cash […]
EQT Infrastructure Completes Acquisition of First Student
FirstGroup plc announced the sale of school bus contractor First Student and First Transit to EQT Infrastructure, one of the world’s largest infrastructure investors, closed on Wednesday evening. First Student, the largest student transportation provider in North America with 43,000 school buses in operation, and First Transit operations will reportedly continue as usual and uninterrupted […]
KKR to acquire Teaching Strategies
KKR is to acquire Teaching Strategies, a provider of curriculum, assessment and family engagement tools to the early childhood education (ECE) market, from global growth investor Summit Partners. Financial details of the transaction have not been disclosed. Teaching Strategies aims to empower and inspire early childhood educators as they support the development of our youngest […]
PartsSource, Leading Healthcare Services Online Marketplace, to be Acquired by Bain Capital Private Equity
PartsSource, a leading online marketplace for medical equipment maintenance parts and services, today announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity. The investment will help PartsSource continue to accelerate its growth trajectory, broaden its solutions portfolio, and expand its marketplace platform. PartsSource will continue to operate under its […]
French company, PE firms in race to acquire Hexaware Technologies in $2.5 billion deal
In what might be the largest IT services buyout deal in the country, private equity firm Bain Capital, Carlyle and KKR are in the race to acquire Hexaware Technologies for $2.5 billion from Baring Private Equity Asia. The companies are in the fray along with the French outsourcing company Teleperformance SE, which owns Intelenet, which […]
Blackstone to acquire majority stake in Simplilearn
Global private equity firm Blackstone has invested $250 million (over ₹1,870 crore) in Indian edtech company Simplilearn Solutions Pvt. Ltd for a controlling stake, the PE firm said on Monday. Blackstone will pick up more than 60% stake in Bengaluru-headquartered Simplilearn, one of the oldest firms in the online higher education space founded in 2010, […]
Blackstone to acquire $7.3B of AIG insurance and housing business
American International Group will be selling a 9.9 percent equity stake in its life and retirement assets. Blackstone will be purchasing AIG insurance and housing business assets representing a 9.9 percent stake and will pay $2.2 billion in cash for the acquisition. The private equity giant and insurer agreed to a “long-term strategic asset management […]
ASDA ACQUISITION WINS DEAL OF THE MONTH
The £6.8bn takeover of Asda has been named as Deal of the Month for June. Euro Garages owners Mohsin and Zuber Issa, and investment funds managed by private equity firm TDR Capital, completed a deal to acquire the chain from US owner Walmart for an enterprise value of £6.8bn, on a debt-free and cash-free basis. […]
LVMH-Backed Private Equity to Buy Majority Stake in Italy’s Etro
L Catterton, the private equity firm backed by French luxury retailer LVMH, agreed to buy a majority stake in Italian fashion house Etro SpA. The Etro family will retain a significant minority, according to a statement from the Milan-based luxury retailer founded by Gerolamo Etro, who will be chairman. Financial terms weren’t disclosed. Italian newspaper Il Sole […]
