Aggreko board asks shareholders to light up private equity takeover
The board of Aggreko has recommended that its shareholders back a £2.3 billion takeover offer from a pair of private equity bidders. The provider of temporary power generators could be taken off the London Stock Exchange in the summer if investors support the deal. Analysts said that there appeared to be little chance of a […]
Aluminium producer Hydro agrees $1.65 billion sale of Rolling division
Norwegian aluminium maker Norsk Hydro has agreed to sell its underperforming Rolling division to private equity firm KPS Capital Partners for 1.38 billion euros ($1.65 billion), Hydro said on Friday. The division, which turns aluminium slabs into metal sheets used for packaging, automobiles and drinks cans among other products, had been under review since Hilde […]
Power supplier Aggreko accepts £2.3bn private equity bid
Aggreko looks set to become the latest British business to fall into the hands of private equity after the board of the mobile power specialist recommended a £2.3bn bid. Management, led by chairman Ken Hanna, said the offer of 880p a share from a consortium of I Squared of the US and TDR Capital of […]
Equistone acquires Franke Water Systems
Funds advised by Equistone Partners Europe (Equistone), one of Europe’s most active mid-market private equity firms, have agreed to acquire Franke Water Systems, a division of Franke Group and a leading European producer and supplier of kitchen and bathroom fittings for the residential, public and commercial sectors Thorsten Klapproth, former CEO of Hansgrohe SE and […]
TricorBraun Acquired by Ares Management and Ontario Teachers’ Pension Plan Board
Global packaging leader TricorBraun (the “Company”) announced today the completion of its previously announced definitive stock purchase agreement with funds managed by Ares Management Corporation’s Private Equity Group (“Ares”) and Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”). Ares and Ontario Teachers’ have acquired a majority interest in the Company. “We are excited to continue our […]
Clearlake and TA Associates to acquire data integrity software specialist Precisely
Clearlake Capital Group and TA Associates are to acquire Precisely, a specialist in data integrity. Josh Rogers, CEO of Precisely, will continue to lead the Company supported by the existing management team. Upon closing of the transaction, Clearlake and TA Associates will become majority shareholders in Precisely. Centerbridge Partners, the current majority shareholder in Precisely, […]
CoreLogic says CoStar’s sweetened buyout offer needs improvement
U.S. property data and analytics company CoreLogic Inc rebuffed peer CoStar Group Inc’s sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to its original $6.9 billion all-stock proposal, hoping to seal a deal and triumph over another […]
Cision acquires Brandwatch
Cision is to acquire Brandwatch, a leader in digital consumer intelligence and social media listening, for USD450 million. This strategic move will combine two leaders in their respective industries and will bring to customers the substantial benefits of their complementary capabilities to deliver the future of PR, marketing and digital customer engagement. Cision is a […]
PAG acquires Unispace
Global workplace expert Unispace has been acquired by private equity firm PAG The investment will accelerate Unispace’s growth trajectory for its second decade in market as it sets the global standard for the future of workplace strategy, design and construction. As we move to a post-pandemic landscape, the focus has never been greater on the role […]
Michaels will be acquired by a private equity firm in a $5 billion deal.
Apollo Global Management announced Wednesday that it would acquire the crafts retailer Michaels in a deal that valued the company at $5 billion. The acquisition is a bet that Michaels can continue to ride the wave of enthusiasm for crafting spurred by Americans stuck at home during the pandemic. The company has also invested in […]
