American Construction Source Acquires Foley Lumber and Milaca Building Center
American Construction Source (“ACS”), a leading national building materials distribution platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners, LLC (“Angeles”) and Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced the acquisition of Foley Lumber (“Foley”) and Milaca Building Center (“Milaca”). Foley and Milaca will operate under their existing local brand names already established in […]
Astorg Mid-Cap takes majority stake in Opus 2
Private equity firm Astorg is to acquire Opus 2, a provider of integrated software and services for the global legal disputes market, via its newly launched Mid-Cap fund. The Company was acquired from Five Arrows Principal Investments (FAPI) and Graham Smith-Bernal, the founder of the business. Martin Coen, CEO of Opus 2, says: “We are […]
Oil producer Pioneer to snap up rival DoublePoint for $6.4bn
Pioneer Natural Resources, one the US’s biggest independent oil operators, is to buy rival Texan producer DoublePoint Energy in a $6.4bn cash and stock deal, as consolidation in the country’s battered shale patch rolls on. Pioneer said on Friday the acquisition would give it “unmatched” scale in Texas’s Permian Basin, the world’s most prolific oil-producing […]
Pioneer Natural Resources nears $6 billion DoublePoint Energy deal
Pioneer Natural Resources Co is nearing a deal to acquire oil producer DoublePoint Energy for more than $6 billion in cash and stock and expand its footprint in the Permian Basin, people familiar with the matter said on Thursday It would be Pioneer’s second significant acquisition in just over six months, after announcing in October […]
BGF invests GBP10.25m in Jola
BGF has taken a 25 per cent stake in mobile data specialist and eSIM Mobile Virtual Network Operator (MNVO), Jola Cloud Solutions Ltd for GBP10.25 million. Co-founder and CEO Andrew Dickinson says: “BGF has a fantastic track record of investment overall and it was their references and reputation in the ICT space that made them […]
Options Technology Announces Acquisition of Fixnetix from DXC Technology
Options Technology, a leading provider of IT infrastructure to global Capital Markets firms backed by Abry Partners, today announced it had closed on its acquisition of Fixnetix, a DXC Technology Company. Financial terms of the agreement were not disclosed Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges […]
Nestle sells Poland Spring to private-equity firms
Global food giant Nestle said Wednesday that it has completed the $4.3 billion sale of its bottled-water brands in North America to a pair of private-equity firms. One Rock Capital Partners, in partnership with Metropoulos & Co., assumed ownership of brands including Poland Spring, Deer Park, Arrowhead, Ozarka, Zephyrhills and Pure Life. Dean Metropoulos, who […]
Francisco Partners to acquire legal education provider BARBRI
Francisco Partners, a global investment firm that specialises in partnering with technology businesses, is to acquire BARBRI Inc (BARBRI) from Leeds Equity Partners (Leeds Equity). Terms of the transaction have not been announced. BARBRI is specialist in technology-enabled legal education, offering a comprehensive product suite across the complete legal education lifecycle. For decades, BARBRI has […]
Carlyle in talks to acquire Occidental’s Ghana oilfields
Boru Energy, backed by private equity giant Carlyle Group CG.O, is in discussions with Occidental Petroleum OXY.N to acquire its oil and gas fields in Ghana for around $500 million, industry and banking sources said. The acquisition of Occidental’s stakes in the offshore Jubilee and Tweneboa Enyenra Ntomme (TEN) fields would be the first investment for Boru Energy, […]
Ares Management Corporation acquires Landmark Partners
A subsidiary of Ares Management Corporation (Ares) has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc and Landmark Investment Holdings LP to acquire 100 per cent of Landmark Partners, LLC (collectively with its subsidiaries, Landmark), one of the largest and most experienced investors in acquiring secondary private fund ownership stakes […]
