FirstGroup sells US bus operations to EQT for £3.3bn
UK-listed transport operator FirstGroup has agreed to sell its US bus operations to EQT’s infrastructure fund in a £3.3bn deal that will pass the operation of tens of thousands of yellow school buses to the Swedish private equity group. The sale of First Student and First Transit will allow FirstGroup to shore up its balance […]
Thoma Bravo Completes Acquisition of RealPage
RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, today announced the completion of its acquisition by Thoma Bravo, a leading private equity investment firm focused on the software sector, in an all-cash transaction that valued RealPage at approximately $10.2 billion, including net debt. The acquisition was previously […]
Credit Agricole secures majority backing for $1 billion Creval bid
Credit Agricole Italia secured majority support for a $1 billion takeover of rival bank Creval on Wednesday, after agreeing to pay the maximum price regardless of acceptance levels for its offer A low take-up had threatened to thwart plans by France’s second-largest bank Credit Agricole to cement its presence in Italy’s consolidating banking sector, which […]
Foodservice equipment maker Middleby to buy rival Welbilt for $2.9 billion
Foodservice equipment manufacturer Middleby Corp said on Wednesday it would buy smaller rival Welbilt Inc for about $2.9 billion in an all-stock deal to beef up its commercial foodservice platform The combined company will have about $3.7 billion in combined sales for 2020, with the commercial foodservice segment accounting for 73% of the total, the […]
Astorg acquires Corsearch from Audax Private Equity
Astorg has completed its acquisition of Corsearch, from Audax Private Equity (Audax). Corsearch’s suite of end-to end brand risk and performance solutions include trademark research, online brand protection, and anti-piracy. Building on Corsearch’s innovative tools for trademark clearance and brand and content protection, the new owners will invest in the continued development of the business […]
Platinum Equity’s $1.68 Billion Acquisition of Club Car
Ingersoll Rand Inc. executed the sale of its Specialty Vehicle Technologies Segment (“Club Car”) to the global private equity firm Platinum Equity in an all-cash transaction valued at $1.68 billion. The transaction is expected to be completed by the third quarter of 2021, subject to customary closing conditions. Founded in 1995 by Tom Gores, Platinum […]
Abry Partners Announces Acquisition of High Street Insurance Partners From Huron Capital
Abry Partners (“Abry”), a leading Boston-based private equity firm, announced today the acquisition of High Street Insurance Partners (HSIP), a full-service insurance brokerage, from Huron Capital (“Huron”), a leading lower middle-market private equity platform. HSIP management and agency partners will maintain large stakes in the company and Huron will maintain a minority interest in HSIP. Founded in 2018, […]
Francisco Partners to acquire VitalSource Technologies
Ingram Content Group (Ingram) has signed a definitive agreement to sell VitalSource Technologies LLC to Francisco Partners, a global investment firm that specialises in partnering with technology businesses. VitalSource is an education technology solutions provider committed to helping partners create, deliver, and distribute affordable and impactful learning experiences worldwide. VitalSource’s products and technologies, including the […]
Private equity firm acquiring energy research firm Enverus
A private equity firm plans to acquire Enverus, the Austin-based global energy research firm. After the deal closes this year, San Francisco-based Hellman & Friedman will have majority ownership of Enverus, which has been majority-owned by San Francisco-based Genstar Capital since 2018. Genstar will remain a significant shareholder after the transaction. “The investment from H&F […]
Aramco sells minority stake in pipeline network for $12bn
Oil giant Saudi Aramco has agreed a $12.4bn (£9bn) deal to sell nearly half of its pipelines business to a consortium led by private equity firm EIG Global Energy Partners. Under the deal, which was announced late last night, EIG will take a 49 per cent stake in the newly formed Aramco Oil Pipelines Company. […]
