KPMG close to £400m sale of restructuring arm
KPMG is close to selling its restructuring division to a private equity firm as part of a deal that could see a former head of Deloitte run the newly separated business. HIG Europe is in exclusive talks to buy the restructuring arm for about £400 million. If the deal completes, John Connolly, a former global […]
VGC Partners makes first investment from Technology Seed Fund IV
Growth capital investor VGC Partners has provided GBP150,000 funding to VozLab, the creator of a self-serve development platform for the next generation of flexible voice apps. This is the first investment that VGC Partners has made from its Technology Seed Fund IV. VozLab is also the first start-up to join Amazon’s UK Alexa Incubator Programme, […]
Terminus secures USD90m in Series C round led by Great Hill Partners
Terminus, an account-based marketing platform, has raised USD90 million in a Series C round led by Boston-based Great Hill Partners, with participation from existing investors Atlanta Ventures, Edison Partners, and Hallett Capital to accelerate data products innovation, hiring and market expansion. With the investment, Great Hill Partners’ Derek Schoettle and Chris Gaffney will join Terminus’ […]
AMP shares surge on Ares bid to buy 60% of unit’s private markets business
U.S.-based Ares Management plans to buy 60% of the private markets business of AMP Ltd’s asset management arm for A$1.35 billion ($1.06 billion), the pair said on Friday, weeks after scrapping a bid for all of the Australian company. AMP shares on Friday surged 6.5%, far outperforming its peers and a broader market deep in […]
Anglo Pacific signs $205 mln Voisey’s Bay cobalt deal
Anglo Pacific has agreed to buy a share of cobalt production from Vale’s Voisey’s Bay mine in Canada, giving the mining royalty and streaming company exposure to the key battery metal for the first time, it said on Wednesday Under the deal, Anglo Pacific will buy a company holding a 70% interest in part of […]
LDC invests in Phoenix Datacom
Mid-market private equity investor LDC, has backed the management buyout of data and network security specialist Phoenix Datacom. The partnership with LDC will support the existing management team – led by Managing Director, John Carson – to expand Phoenix Datacom’s suite of hardware and software products and related services to help its enterprise customers further […]
TPG Will Operate DirecTV Business in Deal with AT&T
AT&T Inc. agreed to sell a 30% stake in its DirecTV service and other pay-television operations to private equity firm TPG in a deal that the company said values the business at $16.25 billion.TPG will operate the business and AT&T will get $7.6 billion in cash from the transaction, with the new DirecTV taking on […]
LVMH-Backed L Catterton Nears Deal to Acquire Birkenstock
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is nearing an agreement to acquire iconic German sandal maker Birkenstock, people with knowledge of the matter said. The investment firm and the family behind Birkenstock could announce a deal in the next week, the people said, asking not to be identified […]
Start-up Axis Spine Technologies completes GBP2.2m funding round led by ACF Investors
Axis Spine Technologies Ltd (AST) has raised GBP2.2 million in a funding round led by ACF Investors, with follow-on investment from Mercia’s EIS funds. Mercia was the first investor when Axis was founded by Jon Acros in 2017. Axis is developing the next generation of Anterior Spinal Implant technology which provides surgeons with increased […]
SK Hynix signs five-year deal worth $4.3 billion with ASML to secure EUV scanners
SK Hynix, world’s second-largest memory chip maker, said on Wednesday it had agreed a five-year procurement contract worth 4.8 trillion won ($4.34 billion) with ASML Holding N.V. to secure extreme ultraviolet (EUV) scanners used in manufacturing chips. The deal is for the chipmaker’s planned mass-production of chips by next-generation processes, SK Hynix said in a […]
