Vodafone agrees partial sale of Vantage Towers to GIP and KKR-led consortium at $16B valuation
Vodafone Group Plc has agreed the partial sale of its mobile-phone masts business Vantage Towers to a consortium led by private equity firms Global Infrastructure Partners and KKR & Co in a deal that values the business at $16 billion. Vodafone’s current 81.7% stake in the business will be put into a joint-venture company Oak […]
JIP’s $15B Toshiba bid lacks bank backing
Private equity buyout firm Japan Industrial Partners has submitted a $15 billion bid to acquire Toshiba Corp, without having secured the backing of banks raising doubts over the viability of the proposed deal, according to a report by Reuters. JIP’s proposal includes a commitment of almost half of the $15 million from a consortium of […]
Warburg Pincus exits Summit Health-CityMD in $8.9B sale to VillageMD
Warburg Pincus has exited its investment in primary, specialty and urgent care provider Summit Health-CityMD through a $8.9 billion sale to VillageMD with support from Walgreens Boots Alliance (WBA), and an affiliate of Evernorth, a subsidiary of Cigna Corporation. Summit Health has been backed by Warburg Pincus since 2017, when it took a stake in […]
TPG to exit Immucor through $2B sale to Werfen
Werfen, a global developer, manufacturer and distributor of specialised diagnostic instruments, is to acquire Immucor, Inc, a US-based specialist in transfusion and transplant in vitro diagnostics, from private equity firm TPG for approximately $2 billion. TPG acquired Immucor in July 2011 in a $1.97 billion deal, and has subsequently made multiple add-on acquisitions including Sentilus […]
Blackstone to sell PRI Operating for $2B
Blackstone is looking to further its withdrawal from fossil fuel investments with a unit of the global alternative investment firm said to be exploring the sale of oil and gas producer PRI Operating for around $2 billion including debt. The report cites unnamed sources as saying a sale of PRI Operating, which is also known […]
KKR vies with Cellnex for $14B Vodafone Tower arm
KKR & Co. is seen as the party to beat as it competes with Cellnex Telecom SA in the final race for a stake in Vodafone Group Plc’s towers unit, people with knowledge of the matter said. Shares in Vantage rose as much as 3.5% on Thursday. The stock was up 2.4% at 10:31 a.m […]
Carlyle, Apollo see financing stifling deals as prices slump
Private equity transactions are set to dip further as a dearth of financing and a protracted price discovery period will dent activity, according to senior executives at Carlyle Group Inc. and Apollo Global Management Inc. Apollo’s Zelter said private credit has become a large part of the market now, including dollar-denominated low investment grade credits, […]
EQT is leads bidding for stake in $9B tower firm TDF
EQT AB is emerging as the front-runner to acquire a stake in French telecom tower owner TDF, people familiar with the matter said. The Stockholm-based private equity firm is seen as the strongest contender to acquire the 45% TDF stake being sold by Brookfield Asset Management Inc., the people said. TDF could be valued at […]
Nordic Capital and Five Arrows exit Binding Site through $1.6B sale to Thermo Fisher
A shareholder group led by private equity firm Nordic Capital has agreed to sell The Binding Site Group (Binding Site), a specialty diagnostics company headquartered in Birmingham, UK, to Thermo Fisher Scientific for £2.25 billion. Nordic Capital has been the majority owner of The Binding Site since 2011 when it completed the acquisition together with […]
Thoma Bravo, Sunstone Partners launch all-cash $1.3B take-private deal for UserTesting
Shares in UserTesting Inc jumped by more than 92% to $7.42 after Thoma Bravo and Sunstone Partners revealed plans to take the customer feedback platform private in an all-cash $7.50 per share deal worth about $1.3 billion, according to a report by Reuters. The report cites a statement from Thoma Bravo and Sunstone as revealing […]
