CCI nod for Blackstone’s acquisition of Piramal Glass
The Competition Commission of India (CCI) has approved the Blackstone Group Inc’s deal to acquire Piramal Glass, which is a unit of the billionaire Ajay Piramal-led Piramal Group. At an enterprise valuation of about $ 1 billion, this deal is the largest ever transaction for a packaging company in India. Piramal Glass designs and manufactures […]
Carlyle emerges as sole bidder to take over Mphasis from Blackstone
Private equity fund Carlyle Group has emerged as the sole bidder to buy Mphasis, owned by the Blackstone Group, in what would be the largest buyout in the Indian IT industry, multiple people involved with the deal said, The Economic Times reported. The offer to get Blackstone’s controlling 56.12 percent stake is believed to be at Rs […]
Francisco Partners to buy Israeli co MyHeritage
Israeli genealogy company MyHeritage has announced that private equity firm Francisco Partners has signed a definitive agreement to acquire it. No financial details were disclosed but market sources estimate that the Israeli company, which has developed DNA testing for ancestry and genetic testing through a platform with software, web and mobile products, is being acquired for $600-700 […]
Grupo Bimbo acquires Chilean bakery firm Alimentos Nutra Bien
Grupo Bimbo has acquired Alimentos Nutra Bien, a Chile-based cakes, cookies and brownies manufacturer. The announcement comes as Bimbo published strong full-year results: net sales were up 7.8% to MXN 288.27 billion ($15.06 billion) and operating income rose 5.9% to MXN 18.51 billion $967 million. Daniel Servitje, Grupo Bimbo CEO, said: “We closed the year […]
Haniel acquires BauWatch from Nordian Capital
Franz Haniel & Cie (Haniel) has acquired 100 per cent of the shares of the European market leader for temporary outdoor security solutions BauWatch from Nordian Capital. BauWatch, headquartered in Apeldoorn (The Netherlands), will be an independent business unit within Haniel’s “People” pillar, which bundles activities in the fields of security, health, and well-being. “We […]
TA-backed Backstage acquires StarNow and Mandy Network
Backstage, a freelance marketplace connecting talent and content creators, has acquired StarNow, a New Zealand-based talent platform for actors, models, influencers and musicians; and The Mandy Network, a UK-based talent platform for cast, crew, production services and creative professionals The acquisitions are supported by a significant strategic investment from TA Associates, a leading global growth […]
Legrand acquires Champion ONE family of brands
Legrand, a global specialist in electrical, digital building, and data centre infrastructures, has acquired from A&M Capital Opportunities the Champion ONE (C1) family of brands, providers of optical networking components and solutions for the telecommunication, content provider, data centre, and enterprise markets. “The C1 family of brands complement Legrand’s previous acquisitions to provide strong world-class […]
Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M
Hobsons, which offers a suite of software for college and career planning, admissions and enrollment, and student success and advising, will be broken up and sold in a pair of transactions totaling approximately $410 million. The company’s owner, the Daily Mail and General Trust (DMGT, which is also the publisher of the British newspaper Daily […]
Second City Acquired By Private Equity Firm, ZMC
The popular Chicago-based comedy group, The Second City, often known as simply Second City, has been bought by Strauss Zelnick’s private equity firm, ZMC. The Financial Times reported that the deal could be for as much as $50 million. The popular Chicago comedy staple has long been seen as a talent feeder to Saturday Night […]
PE-backed 3t Energy Group to buy Petrofac’s UK in-person training business
3t Energy Group has exchanged contracts with Petrofac on a major transformational acquisition for the purchase of its UK training centres. The purchase includes Petrofac’s Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities in Scotland. The value of the acquisition is undisclosed The purchase adds Marine training and further […]
