Advent Set to Merge Payment Firms Into $3 Billion Company
Private equity firm Advent International is planning to merge portfolio companies Transaction Services Group and Clearent, which both provide payment services, according to people with knowledge of the matter. A deal could be announced as early as Thursday, the people said, asking not to be identified because the information is private. The combined company will […]
German Soccer League Said to Kick Off Private Equity Stake Sale
Germany’s elite soccer body will invite bids for a minority stake in its overseas media rights and private equity firms are circling, according to people familiar with the matter. Advent International and BC Partners are two private equity firms that have already reached out to Bundesliga International about acquiring a stake, Bloomberg has reported previously. […]
CVC Weighs Bid for $3 Billion Chemical Maker Synthomer
CVC Capital Partners has been exploring a bid for U.K. chemical producer Synthomer Plc, people with knowledge of the matter said. The private equity firm made an initial approach to London-listed Synthomer to gauge its interest in a deal, according to the people, who asked not to be identified because the information is private. The […]
EQT Private Equity to sell Innovyze
EQT is pleased to announce that EQT Private Equity, through the EQT Mid Market US fund, has agreed to sell Innovyze (“the Company”) to Autodesk (NASDAQ: ADSK) for an Enterprise Value of USD 1,000m ($ 1Bn). Innovyze was established in 1996 to provide wet infrastructure software solutions. In 2017, Innovyze merged with XP Solutions to […]
Wells Fargo sells asset management arm to private equity firms for $2.1 billion
Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. The sale represents the biggest shake-up at the U.S. bank since former Bank of New York […]
Brookfield tables formal $5.7B takeover bid for Inter Pipeline
Brookfield Infrastructure Partners L.P. is making it official, launching an unsolicited $5.7-billion bid for Inter Pipeline Ltd. The offer comes less than two weeks after Brookfield publicly floated the proposal to buy up the remaining stake in the midstream player it does not already own for $16.50 per share in cash and stock, a 23-per-cent […]
PE-backed Keepmoat considers £700M+ sale or IPO
TDR Capital and Sun Capital have started evaluating a sale or flotation of the housebuilder The private equity owners of UK housebuilder Keepmoat are seeking a potential sale or IPO that could value the company at more than £700 million. TDR Capital and Sun Capital are said to have hired investment banks Barclays and Moelis […]
Gulf Capital completes sale of 70 per cent stake in Turknet
Gulf Capital, a leading growth markets alternative investment firm, has successfully completed the sale of its 70 per cent stake in Turknet Iletisim Hizmetleri (Turknet), an internet service provider in Turkey, to a consortium of buyers including the incumbent Celebiler Family and Re-Pie Portfoy Yonetimi (Re-pie) The sale generated a significant return for Gulf Capital […]
Electric Truck Maker Xos to Go Public via $2 Billion SPAC Deal
Xos, a maker of electric commercial vehicles, has agreed to go public through a merger with a blank-check company, NextGen Acquisition Corp., according to a statement viewed by Bloomberg News.The deal values the combined equity at $2 billion, the companies added. To support the transaction, the special purpose acquisition company will raise $220 million from […]
Carlyle to exit clinic chain Ameos as founder, ICG take full control
Buyout group Carlyle is selling Swiss-headquartered clinic chain Ameos in a deal that will see the company’s founder and private equity firm Intermediate Capital Group (ICG) take full control, people close to the matter said. Founder and Chief Executive Axel Paeger will get a majority in the company’s voting rights, with a minority to be […]
