Impulse Programme produces the UK’s ‘next generation’ entrepreneurs and world-class innovators attracting over GBP50million of investment
A Cambridge University programme has produced a raft of the UK’s ‘next generation’ entrepreneurs and world-class innovators – attracting over GBP50million (GBP53,561,000) of funding and investments over the last four years for the alumni’s life-changing projects Notable alumni completing the programme have included: Dr Steve Brierley, Founder/CEO of technology sensation, Riverlane – which is making […]
Tikehau Capital to sponsor SPAC focused on European financial services sector
Tikehau Capital is to sponsor a first Special Purpose Acquisition Company (SPAC), which will focus on the European financial services sector Since its inception in 2004, Tikehau Capital has built a strong track-record of backing high-quality companies through equity or debt financing. Investment vehicles like SPACs are a natural extension of Tikehau Capital’s existing investment […]
Sherpa Capital sells Macrolibros to Gráficas Ceyde
Sherpa Capital, a private equity fund manager focused on mid-market companies with EUR500 million under management, announces the sale of Macrolibros, a leading Spanish printing and binding company for children’s and educational books, to Gráficas Ceyde Founded more than 40 years ago and based in Valladolid, Macrolibros is a market leader in the educational and […]
CoStar Boosts Its Offer to Acquire CoreLogic to $6.9 Billion
CoStar Group Inc. boosted its offer to acquire CoreLogic Inc. to $95.76 a share, topping a bid the property-data company accepted earlier this month. CoreLogic’s recent agreement with funds managed by Stone Point Capital and Insight Partners “was materially less than our last all-stock offer,” CoStar Chief Executive Officer Andrew Florance said in a letter […]
Adidas plans to sell struggling Reebok brand
German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S. fitness label to help compete with arch-rival Nike Inc. Adidas said on Tuesday it had decided to begin a formal process aimed at divesting Reebok as part of a five-year strategy it plans to […]
Blackstone, Starwood to Lend $2.5 Billion for Bourne Buyout
Blackstone Group Inc’s credit unit and Starwood Capital Group LLC will provide 1.8 billion pounds ($2.5 billion) in debt financing for the investment firm’s acquisition of a British holiday company, according to a person familiar with the transaction. The two private credit providers will split the financing equally for Blackstone’s buyout of Bourne Leisure Holdings […]
TietoEVRY Agrees to Sell Oil-and-Gas Software to Thoma Bravo
Finnish software company TietoEVRY Oyj agreed to sell businesses that serve the oil and gas industries to companies owned by private equity firm Thoma Bravo. The private equity firm will combine the assets, which include TietoEVRY’s energy components and the DaWinci logistics management businesses, with its Quorum Software and Aucerna portfolio companies, the companies said in […]
Private equity firm Foresight sells online gardening business Hedges Direct Group to former AO World CEO
A Lancashire online gardening and landscaping business has been sold by private equity firm Foresight Group to a former chief executive of listed white goods and technology retailer AO World. Steve Caunce first joined Hedges Direct Group, which is based in Euxton, in 2019 and has now acquired the business after a competitive sales process. […]
Arnault and Mustier join the $100bn Spac boom
LVMH founder and ex-UniCredit CEO launch vehicle to invest in European financial companies LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier are creating a special purpose acquisition vehicle to invest in European financial companies, joining the $100bn Spac boom. The Spac will look to raise in the low hundreds of millions of […]
Free-Spending Private Equity Firms Set a Record Pace in Europe
A year of pandemic prudence is giving way to jumbo dealmaking in Europe for deep-pocketed private equity houses. Buyout firms have announced $29 billion of takeovers involving European companies this year, up 60% year-on-year and the most for this period on record. That’s after months in which many large buyers, including Blackstone Group Inc. and […]
