ByteDance acquires gaming studio Moonton at around $4 billion valuation
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. The deal values the gaming studio at around $4 billion, two sources told Reuters. The acquisition of the video games studio come as ByteDance, the owner […]
Canadian Pacific to buy Kansas City Southern in $25 billion railway bet on trade
Canadian Pacific Railway Ltd agreed to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pick-up in trade. “This network uniquely provides a supply chain that allows our customers and our partners to actually benefit from that […]
Wabtec to acquire Nordco from Greenbriar
Wabtec Corporation is to acquire Nordco, a North American supplier of new, rebuilt and used maintenance of way equipment with a broad product and service portfolio including mobile railcar movers and ultrasonic rail flaw detection technologies, from Greenbriar Equity Group LP. Through the acquisition, Wabtec will expand its installed base and accelerate growth across Nordco’s […]
TA Associates to acquires Unit4 in a deal valued at USD2bn
Unit4, a specialist in enterprise cloud software for people-centric organisations, has secured a majority investment from TA Associates, a leading global growth private equity firm. Partners Group, a leading global private markets firm, will invest alongside TA, on behalf of its clients, while Mike Ettling, CEO of Unit4, will continue to lead the company, supported […]
Kansas City Southern board agrees to sell to Canadian Pacific for $29 billion
Kansas City Southern will sell to Canadian Pacific in a stock and cash transaction valued at $29 billion dollars, the two companies announced on Sunday. The boards of both companies have unanimously approved the deal, which still needs approval from the U.S. Surface Transportation Board. If that happens, Sunday’s announcement said the combined rail companies, which will […]
Zenefits, Once Worth $4.5 Billion, Does Deal With Private-Equity Firm That Gives It Control
Zenefits, once worth $4.5 billion, has completed a financing deal with private-equity firm Francisco Partners that gives the investment firm control of the company, Forbes has learned. The effective acquisition, the exact dollar figure of which remained unclear, represents quite a comedown for the one-time highflier. Founded by Parker Conrad in 2013, the HR startup […]
G4S of UK to merge with Allied Universal in a deal worth £3.8 billion
UK security firm G4S will be acquired by its North American rival Allied Universal in a £3.8 billion deal. Allied was the final winner in the months-long battle that saw other rivals such as GardaWorld also in the fray. Allied, backed by private equity firm Warburg Pincus and Canadian pension fund, Caisse de dépôt et placement du Québec, got the approval of 79 percent […]
Arsenal acquires Applied Adhesives from Goldner Hawn
Goldner Hawn has sold Applied Products, a manufacturer and distributor of adhesive products and thermal product solutions in North America, to Arsenal Capital Partners. Applied Adhesives is a comprehensive provider of adhesive solutions for the packaging, paper converting, graphic arts, bottle labelling, product assembly, and woodworking industries. Since Goldner Hawn partnered with Applied Adhesives in […]
BC Partners’ Acquisition of a Majority Stake in Davies
HGGC closed its agreement to sell a majority stake in Davies, the leading specialist professional services and technology business serving the global insurance market, to BC Partners. HGGC and AIMCo will continue to hold minority stakes following the completion of the transaction. The transaction is subject to regulatory approval. Founded in 1986, BC Partners is […]
Eurazeo enters into exclusivity agreement with view to acquiring Groupe Premium
Eurazeo, via its Eurazeo PME subsidiary, has signed an exclusivity agreement under which it would invest, as a majority shareholder, alongside Groupe Premium’s current shareholders – Montefiore Investment, Groupe Premium’s management including Olivier Farouz, Laurent and Didier Zerbib, Benoît Jauvert and other key executives, together with independent agent partners The transaction would value Groupe Premium […]
