Blackstone makes first investment in Japan’s fintech sector
Blackstone is seizing this opportunity by acquiring a majority stake in Sony Payments Services (SPSV) from Sony Bank, a subsidiary of Sony Group. The deal was announced in December. It marks the private equity firm’s first investment in the financial technology sector in Japan. Sony Bank, which established the payment service business in 1995 and […]
Acquisition vehicle EverArc to buy U.S.-based Perimeter Solutions in $2 billion deal
EverArc, a London-listed acquisition vehicle, has agreed to buy U.S.-based firefighting products maker Perimeter Solutions as part of a reverse takeover valued at $2 billion, it said on Wednesday. The British Virgin Islands-based company said the deal would see Perimeter becoming part of a newly-formed Luxembourg company called Perimeter Solutions S.A. which will be listed […]
KKR, TIGA to buy flexible office space company TEC
KKR and TIGA Investments have agreed to buy The Executive Centre (TEC), a provider of premium flexible office space solutions in Asia-Pacific and the Middle East. TEC pulled a sale process, reportedly seeking up to US$750m (€) for the business, in September 2019 because offers then not up to its expectation at a time when Hong […]
Private equity firm buys Gü pudding brand
Private equity firm Exponent has secured a deal to buy dessert brand Gü from Noble Foods for an undisclosed fee. Sky News reported last week that Exponent had offered £150m to buy the pudding brand. The company was bought by Noble Foods in 2010 and has seen particularly strong growth in recent years, hailing 25 […]
Thoma Bravo buys control of Applitools in $300m deal
The Israeli company provides AI-based and cloud-powered solutions to automate functional and visual testing for software applications. US private equity investment firm Thoma Bravo today announced that it has made a strategic growth investment in Israeli visual test automation software company Applitools. Thoma Bravo has acquired control of the company while the announcement said that, […]
Boston Scientific to buy surgical business of Lumenis for $1.07 bln
Boston Scientific Corp BSX.N has agreed to buy the global surgical business of privately held Lumenis Ltd for $1.07 billion in cash, as the medical device maker looks to add an array of laser systems used in treating kidney stones to its portfolio. The medical device maker said it was acquiring the business from Baring Private Equity […]
ZQ Capital Sells Surgical Specialties For About $800 Million
China-focused private equity firm ZQ Capital sold a U.S. medical device manufacturer to buyout firm GTCR for about $800 million including debt, people familiar with the matter said. A consortium led by ZQ Capital, founded by a pair of former Barclays Plc and JPMorgan Chase & Co. bankers, and Vivo Capital, sold Surgical Specialties Corp. […]
Silver Lake raises $20 billion for buyout fund
Silver Lake said on Wednesday it had raised about $20 billion for its buyout fund, Silver Lake Partners VI, as the technology-focused private equity firm looks to focus on large-scale investments. Silver Lake, which manages about $75 billion in combined assets under management and committed capital, has recently invested in major names, including Alphabet Inc’s […]
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 […]
Sunpower Group divests non-core business for 2.3b yuan in management buyout
SUNPOWER Group is divesting its manufacturing and services (M&S) business for 2.3 billion yuan (S$463.3 million), after which 1.3 billion yuan of the net proceeds will be used for a proposed special dividend amounting to 1.1627 yuan per share on a fully-diluted basis. The group announced on Thursday that it has agreed to fully sell […]
