Lumentum raises Coherent offer to $6.9BN with private equity backing
The bidding war to acquire laser company Coherent shows no sign of abating, with Lumentum responding to II-VI’s latest offer with another increased bid of its own. Latest bid now includes $1 billion in support from investor Silver Lake. Estimated to be worth $6.9 billion – slightly higher than II-VI’s latest offer – the new Lumentum deal would see $220 in cash and […]
Funds advised by Apax to acquire Lutech
Funds advised by Apax have signed a definitive agreement to acquire a majority stake in Lutech (Lutech), an IT services, software and technology company in Italy, from One Equity Partners, a middle market private equity firm The financial terms of the transaction, which are subject to applicable regulatory approvals, have not been disclosed. Founded in […]
Rogers’ sweeteners for $16 billion Shaw takeover may test Canadian regulatory
Rogers Communications Inc’s efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to overcome regulatory hurdles and political opposition amid concerns Canadians face some of the world’s highest phone bills. Analysts and fund managers say the company is facing an uphill battle closing the deal even as it […]
ROI acquires Danish fintech Firstborn Capital
Lead generation technology company, ROI Media UK, has acquired Copenhagen-headquartered, Firstborn Capital Firstborn Capital provides digital marketing and lead generation in the fintech space, with a focus on unsecured consumer loans and bank loans through partnerships with leading financial companies and banks. The deal adds SEK9 million of annual revenue for ROI and is the […]
Sentinel Capital Partners closes sale of Pet Supplies Plus
Sentinel Capital Partners, a private equity firm that invests in promising lower mid-market companies, has closed its sale of Pet Supplies Plus (PSP), the third largest pet specialty chain in the US, to Franchise Group, Inc. The deal is valued at USD700 million. Founded in 1988 and headquartered in Livonia, Michigan, PSP is the leading […]
Lindsay Goldberg to acquire ARYZTA AG’s North American bakery business
Affiliates of Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders, and management teams, is to acquire ARYZTA North America (ANA), one of the largest B2B providers of frozen baked goods in the US and Canada, from ARYZTA AG (ARYZTA). “ANA is one of the leading suppliers of high-quality baked goods […]
Warburg Pincus acquires stake in Edelman Financial Engines
(Reuters) – Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines, valuing the U.S. investment advisory services provider at $7.3 billion, including debt, the companies told Reuters on Sunday. The deal represents a 62% increase in the valuation of Edelman Financial Engines since 2018, when buyout firm Hellman […]
China’s JD.com in talks to purchase stake in brokerage worth $1.5 billion
JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, as the e-commerce major aims to bolster its financial services operations. A deal to buy the stake from Sinolink’s largest shareholder, Yongjin Group, would be the biggest bet in acquisition value terms by […]
ACRE ACQUIRED BY TRITON
Triton, a UK-based private equity firm, has signed an agreement to acquire ACRE, an end-to-end security solutions provider based in Dallas and Dublin, Ireland, with brands that include Vanderbilt, RS2, Open Options, ComNet, and Razberi. Triton will invest alongside the current management team of ACRE. ACRE’s previous majority investor, LLR Partners, who has partnered with the company since […]
BayPine-led investor group acquires Mavis Tire Express Services
An investor group led by BayPine, in partnership with TSG Consumer Partners (TSG) and existing significant equity-holder West First Management (WFM), is to acquire Mavis Tire Express Services Corp (Mavis), one of the largest independent automotive service platforms in the United States. Upon closing, David and Stephen Sorbaro will continue to serve as Co-Chief Executive […]
