KKR to list Australian majority-owned pub group seeking $271 mln
KKR is seeking to raise A$352 million ($271.36 million) in the initial public offering of its majority-owned pub group Australia Venue Co. (AVC) The raising will be in exchange for a minority stake in one of Australia’s largest pub companies, in a deal valuing the group at A$903 million, according the document sent to investors […]
Value of private equity deals by HNWs jumps six-fold, from GBP132m to GBP958m during the pandemic
The value of UK buyout deals by high-net worth investors (HNWs) shot up by 626 per cent in 2020, rising from GBP132 million in 2019 to GBP958 million, says Boodle Hatfield, the leading private wealth law firm. The increasing number of buyout deals led or co-funded by HNWs goes against the overall decline in deal […]
IBM to acquire software provider Turbonomic for over $1.5 bln Krystal Hu
IBM said on Thursday it has agreed to acquire Turbonomic, a provider of software that helps companies monitor the performance of their business applications, the latest in a series of cloud computing acquisitions by the tech giant. The transaction values Turbonomic at between $1.5 billion and $2 billion, people familiar with the matter said on […]
KPN rejects takeover bid from EQT-Stonepeak consortium and KKR
KPN NV has rejected “unsolicited” takeover offers from a private equity consortium comprising EQT AB and Stonepeak Infrastructure Partners and U.S. investment firm KKR, the Dutch telecommunications company said in a statement on Sunday. The EQT-Stonepeak proposition did not include an offer price, according to the company. In April, the Wall Street Journal reported that […]
CD&R Fund IX exits Capco in USD1.45bn strategic sale to Wipro
Clayton, Dubilier & Rice (CD&R) has completed the previously announced sale of Capco, a global management and technology consultancy, to Wipro Limited. The total purchase price was USD1.45 billion. CD&R funds acquired a 60 per cent stake in Capco in July 2017 in a partnership transaction with the seller, FIS. CD&R Operating Partner Russ Fradin, former […]
Lauxera Capital Partners invests in Caresyntax
Lauxera Capital Partners has made an investment in Caresyntax as part of a USD100 million Series C fundraise. Other new investors include PFM Health Sciences LP, Optum Ventures, Intel Capital, Vesalius Biocapital Partners, Arno Capital, and Reyazat Investments. Caresyntax operates the leading, AI-driven, enterprise-grade platform for collecting, tracking, and analysing data on surgical procedures to […]
Paxos Raises USD300m in Series D Funding a USD2.4bn valuation
Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more. To date, Paxos has raised more than USD500 million in […]
Thompson Street Capital Partners Portfolio Company Len The Plumber acquires Larry & Sons Plumbing & Heating Services
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, MO, today announced its portfolio company Len The Plumber (LTP), a leading full-service residential plumbing company headquartered in Baltimore, Maryland, with branches serving the Mid-Atlantic region, has completed the acquisition of Larry & Sons Plumbing, Heating, Cooling, Drain, and Electrical Services (Larry […]
Aon’s $30 bln Willis deal set to win EU approval
Aon set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson, people familiar with the matter said, clearing a key hurdle to becoming the world’s No. 1 insurance broker. London-headquartered Aon, which clinched the deal a year ago to create the world’s largest insurance broker ahead of Marsh & McLennan […]
Sovereign-backed ACOLIN makes second acquisition in two months
Sovereign Capital Partners’ portfolio company ACOLIN, a provider of regulatory and cross-border fund distribution services, has acquired GFA, a SaaS-based data collection and analytics provider for asset managers. Founded in 2014, GFA operates a SaaS-based data collection and analytics platform for asset managers and distributors to manage their increasing compliance obligations, and to enable asset […]
