American Pacific Group launches Yukon Wellness Holdings and completes acquisition of Eu Natural

American Pacific Group (APG), a San Francisco-based private equity firm, together with Joe Falsetti of Dana Holdings, has formed Yukon Wellness Holdings (Yukon Wellness), a company that will serve as a platform to acquire and grow consumer wellness brands. Simultaneously, Yukon Wellness acquired Eu Natural, a fast-growing provider of vitamin and mineral nutritional supplement products. […]

Volkswagen Finance turns majority stakeholder in KUWY Technology

Volkswagen Finance on Monday said it has increased its shareholding in Chennai-based automotive lending startup KUWY Technology to a majority stake, effective January 5. Financial terms of the deal were not disclosed in the statement. The Mumbai-based financial services arm of the German automaker had in September 2019 picked up a 25% stake in the […]

LDC-backed Mandata adds Stirling Solutions to group

LDC-backed Mandata, a transport management software providers, has strengthened its service offering with the addition of Stirling Solutions to its group. Newcastle-headquartered Mandata (Management and Data Services) Ltd and Stirling Solutions Ltd will together form the newly created Mandata Group, serving 2000 customers. The companies develop software that allows operators in all sectors of the […]

Healthcare Giant Centene to Acquire Magellan Health for USD 2.2bn; 15% Premium

The acquisition will enable Centene to establish one of the nation’s largest behavioral health platforms across 41 million unique members. The Transaction: Centene Corp, St. Louis, Missouri-based healthcare insurer, announced today to acquire Magellan Health Inc, for an enterprise value of USD 2.2bn. Centene has agreed to pay USD 95 per share in cash to Magellan’s shareholders, representing c. 15% premium to Magellan’s last […]

Connells agrees to buy realtor Countrywide after bidding war

CONNELLS Ltd has agreed to buy struggling UK realtor Countrywide Plc after prevailing in a bidding war with a private equity firm. Connells, a UK privately owned property firm, will pay 395 pence per share in a cash deal that values Countrywide at about £134 million (S$242 million), according to a company statement. That’s a […]

Perella Weinberg SPAC Achieves What an IPO Couldn’t

This deal looks just as much a strategic bet on SPACs as a business opportunity for the investment banking boutique Perella Weinberg Partners has told the IPO market where to go. The investment banking boutique’s merger with a blank-check company has achieved something an initial public offering wouldn’t. The firm, founded in 2006, has been […]

Daisy Group’s cloud unit valued at £1bn after Inflexion agrees deal

Private equity company to buy minority stake in DWS unit Private equity company Inflexion has agreed to acquire a minority stake in the cloud computing unit of Daisy Group in a deal that values the business at more than £1bn. The investment will pre-empt a potential float of Digital Wholesale Solutions, or DWS, in the […]

Why 2021 will be a bumper year for M&A

The end of the pandemic is likely to see fashion and luxury M&A opportunities. The big focus: brands that tap younger consumers. After months of quiet and stalled deals, 2020 closed in a flurry of M&A (mergers and acquisitions) activity, setting a pace that is likely to continue in 2021. That’s the view of analysts […]