Blackstone backed Mphasis to buy US-based Blink for $94 mn
Mphasis Ltd, an Indian software services company backed by global private equity major The Blackstone Group, has announced the acquisition of US-based Blink Interactive Inc for a total consideration of $94 million. “The acquisition closed on September 21, 2021 (PST) consequent to signing of the definitive agreement in nature of agreement for Plan of Merger […]
Thomas H Lee Partners to acquire automation business from Brooks Automation in USD3bn cash deal
Thomas H Lee Partners, a private equity firm investing in growth companies, is to acquire Brooks Automation’s (Brooks) Semiconductor Solutions Group business (or automation business) in a transaction valued at USD3 billion. The transaction is expected to close in the first half of calendar year 2022 upon satisfaction of customary closing conditions and regulatory approvals. This […]
Dealmaker KKR Acquires Norway’s Ocean Yield for $830M
Deal-chasing private equity giant Kohlberg Kravis Roberts (KKR) is set to acquire Norwegian shipowner Ocean Yield. The two companies announced Monday that U.S.-based KKR will take control of Ocean Yield for a cash payment of $4.70 per share. The offer price implies a total valuation of about $830 million. The deal has been approved by Aker Capital […]
Unigestion’s private equity team leads the buyout of European home care provider Home Instead
Unigestion has led to the buyout of Home Instead Holding (Home Instead), a provider of home care services across Europe. As part of the sale of Home Instead, Unigestion as lead investor has invested in the company, alongside the founder of Home Instead, Paul Fritz, who, together with Verium, continues to hold a majority stake […]
Platinum Equity Purchases Petmate
Platinum Equity has acquired Petmate, a maker of pet products sold through a wide range of retail partners. Headquartered in Arlington, Texas, Petmate manufactures, sources and markets a diverse product line that includes plastic and wire pet kennels, dog houses, toys, food storage, bedding, treats and chews, and other pet-related products and accessories. “Petmate has been a […]
Blackstone and Vista Equity Partners Complete Acquisition of Ellucian
Ellucian, a leading higher education technology solutions provider, today announced the completion of its acquisition by funds managed by Blackstone (NYSE: BX) (“Blackstone“) and Vista Equity Partners (“Vista”). Blackstone and Vista are investing in Ellucian through their respective long-term private equity strategies, which hold investments for longer periods than traditional private equity. “Today marks an exciting new chapter for Ellucian, our customers […]
Chinese Firm Buys Canada mRNA Vaccine Tech in $500 Million Deal
Chinese biopharma firm Everest Medicines Ltd. will license an mRNA Covid-19 vaccine from Canada’s Providence Therapeutics Holdings Inc., as companies try to bring the most effective inoculation platform into China despite its apparent resistance to western shots. Everest will gain rights to Providence’s vaccine in Greater China and countries including Indonesia, Singapore, and Thailand, it said in […]
Apax Funds and Warburg Pincus to acquire T-Mobile Netherlands in EUR5.1bn deal
Funds advised by private equity firm Apax Partners (Apax) and global growth investor Warburg Pincus, have agreed to acquire T-Mobile Netherlands Holding from Deutsche Telekom AG and Tele2 AB. The transaction values the company at an Enterprise Value of EUR5.1bn. T-Mobile operates four brands – T-Mobile, Tele2, Ben, and Simpel. Under the current management team, […]
PayPal acquires Japanese ‘buy now, pay later’ service Paidy
Competition is heating up in the Asia-Pacific fintech sector between giants like PayPal and Square following several recent deals. Fintech giant PayPal announced this week that it is acquiring Japan’s Paidy, a provider of ‘buy now, pay later’ (BNPL) services. PayPal said the deal is for 300bn yen ($2.7bn), “principally in cash”, and should close […]
Citizens advises Ridgemont Equity Partners on acquisition of Sparus Holdings
Citizens M&A Advisory has served as the financial adviser to Ridgemont Equity Partners on its acquisition of Sparus Holdings (Sparus), a provider of critical outsourced field and professional services for utility and industrial customers. Headquartered in Charlotte, North Carolina, Ridgemont Equity Partners is a middle-market buyout and growth equity investor. The firm focuses on equity […]
