Private equity firm acquires Canada’s Fresh Direct Produce
Private equity firm PNC Riverarch Capital has announced that it has acquired leading Canadian fresh fruit and vegetable distributor Fresh Direct Produce (FDP) from another equity firm, HKW. Headquartered in Vancouver, FDP has six locations across British Columbia, Alberta, and Ontario. The company’s diverse and growing offering of over 5,000 SKUs includes a broad selection […]
Private Equity-backed Milestone Technologies Acquires SMCI
Global IT managed services firm Milestone Technologies, backed by private equity firm H.I.G. Capital, has acquired Software Management Consultants, Inc. (SMCI), a next-gen IT consulting, talent management and digital solutions provider from Glendale, California. Terms of the deal were not disclosed. This is technology M&A deal number 510 that ChannelE2E has covered so far in 2021. The […]
CVC funds to buy European vodka maker Stock Spirits for $1 bln
CVC-affiliated funds will buy London-listed Stock Spirits (STCK.L) for about $1 billion, as the private equity firm looks to tap the popularity of its booze among millennials and women in central and eastern Europe. The takeover offer by CVC Capital Partners-affiliated funds of 377 pence per share for Stock Spirits represents a premium of 41% to the […]
Baring Private Equity Asia buys Hinduja Group’s healthcare biz for $1.2 B
Indian firm Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction based on enterprise value of $1.2 billion, subject to closing adjustments, is […]
Brookfield reinsurance unit to buy American National for $5.1 billion
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. The potential deal comes as U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private […]
Clearlake Capital Group Acquires Cornerstone for $5.2B
Clearlake Capital Group LP, a private equity firm, has entered into a definitive agreement to acquire Cornerstone OnDemand Inc., a provider of talent management software. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately […]
IMCO to acquire UK-based Green Frog Power
The Investment Management Corporation of Ontario (IMCO) is to acquire 100 per cent of Green Frog Power Ltd (Green Frog) and will invest up to $500 million (£288 million) over the next several years, to transform the business into an owner and operator of utility scale batteries and execute on its pipeline of battery projects […]
Apex Group acquires GCG
Apex Group has acquired Greenough Consulting Group (GCG), a provider of finance, accounting, and human resources services to technology companies, venture capital and private equity funds. This strategic deal serves to further strengthen Apex’s position in the US market and enhances its ability to deliver high quality service to clients of all sizes, via locally […]
€150M PEST CONTROL MANUFACTURER TO BE ACQUIRED FROM LDC
A €150m-turnover Yorkshire-based pest control products manufacturer is set to be acquired from private equity firm LDC. Pelsis Group has announced it will be acquired by specialist investment manager Pamplona Capital Management this September. LDC backed the secondary buyout of Pelsis in August 2017 to help drive global growth. With LDC’s support, Pelsis delivered a […]
Spain’s La Liga agrees to sell 10% stake to CVC for $3.2 bln
La Liga, Spain’s top soccer league, has agreed in principle to sell 10% of its business to private equity firm CVC Capital Partners for 2.7 billion euros ($3.21 billion) to help finance its long-term growth plans, it said on Wednesday. The deal values La Liga at around 24.2 billion euros and, if approved, will fund […]
