Taco Bell franchisee Pacific Bells LLC acquired by Orangewood Partners
One of the chain’s largest operators with more than 250 units, the group plans more growth Pacific Bells LLC, one of the largest Taco Bell franchise operators, has been acquired by investment firm Orangewood Partners, the company said Thursday. Under the deal, Pacific Bells’ founder and CEO Tom Cook and others on the management team […]
Blackstone-backed events group sends Clarion call for latest acquisition
Clarion Events is in advanced talks to acquire Consero as owner Blackstone injects a further £20m (approx. $27m) of equity to help its post-pandemic strategy, Sky News understands. The company behind the London International Horse Show is close to acquiring a leading organiser of one-to-one meetings for senior executives, as the industry continues its recovery […]
KKR to acquire storage tank operator Central Tank Terminal
KKR is to acquire Japanese chemical storage tank operator Central Tank Terminal (CTT) from an affiliate of Macquarie Infrastructure and Real Assets (MIRA). The investment will be used to reinforce CTT’s leading position in the chemical storage tank industry and to pursue future growth opportunities, including bolt-on acquisitions. CTT is Japan’s largest independent chemical storage […]
Thoma Bravo completes $6.4bn acquisition of Medallia
Thoma Bravo, a software investment firm, has completed its acquisition of Medallia, a specialist in customer and employee experience, in an all-cash transaction valued at $6.4 billion. The acquisition was previously announced on 26 July, 2021 and approved by Medallia shareholders on 14 October, 2021. Subject to the terms of the merger agreement, Medallia shareholders […]
T Rowe Price to acquire alternative credit manager Oak Hill Advisors in $4.2bn deal
T Rowe Price Group is to acquire alternative credit manager purchase Oak Hill Advisors and certain other entities that have common ownership for a purchase price of up to approximately $4.2 billion. $3.3 billion is payable at closing, approximately 74 per cent in cash and 26 per cent in T Rowe Price common stock, and […]
Private equity firm Silver Lake leads $1 billion investment in Thrasio
Thrasio Holdings Inc, which acquires third-party sellers on Amazon.com Inc, said on Monday it had raised $1 billion in a funding round led by private equity firm Silver Lake. Silver Lake, which invests in technology industries, was joined by Thrasio’s largest shareholder Advent International, and existing investors Oaktree Capital Management, Upper90, PEAK6 and Corner Capital. […]
Private Equity rivals join forces with € 3.7 billion bid for pet care group Zooplus
Private equity groups Hellman & Friedman and EQT have ended a bidding war for pet food retailer Zooplus with a joint bid that values its equity at € 3.7 billion, in the latest example of the industry paying a huge premium. for buying a listed company. The pair made a final offer of €480 per […]
Blackstone acquires majority stake in SPANX
Blackstone has acquired a majority stake in SPANX, Inc, a ‘mission-driven’ womenswear brand founded by Sara Blakely in 2000, at a valuation of $1.2 billion – with Blakely maintaining a significant equity stake in the business. Blakely, along with SPANX’s existing senior management team, will continue to oversee daily operations, and at closing, Blakely will […]
KKR purchases Kobalt Capital’s Fund II Music Rights portfolio for approximately $1.1bn
KKR, together with its co-invest partner, Dundee Partners, the investment office of the Hendel family, has purchased the KMR Music Royalties II portfolio (Fund II) from KCL for approximately $1.1 billion. The Portfolio is comprised primarily of music publishing copyrights for established works and includes a diverse collection of over 62,000 copyrights by highly acclaimed […]
Partners Group and Kohlberg & Company acquire BluSky
Partners Group, a global private markets firm, and Kohlberg & Company (Kohlberg) have acquired BluSky Restoration Contractors (BluSky), a US provider of restoration services for commercial, industrial, healthcare, and multifamily real estate, on behalf of their clients. Kohlberg and Partners Group acquired equal equity stakes in the transaction, with the Company’s management team also retaining […]
