Battle for UK’s G4S heading for $5-billion-plus auction
The $5 billion-plus bid battle for British security firm G4S will be settled by a rare head-to-head auction later this month if one of its two North American suitors hasn’t prevailed by then, Britain’s takeover regulator said on Friday. The Takeover Panel’s decision comes after Canada’s GardaWorld and U.S.-based Allied Universal both extended deadlines for […]
Teneo swoops to buy Deloitte’s UK restructuring arm
The deal will be the most significant disposal so far by one of the big four accountancy firms, Sky News learns. The shake-up of Britain’s big four audit firms is to continue in earnest when Deloitte unveils the sale of its restructuring arm to Teneo, a strategic consulting firm which advises many of the UK’s […]
Coca-Cola’s European bottler sweetens takeover offer for Aussie peer Amatil
The European bottling arm of Coca-Cola has sweetened its final, binding takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share, reflecting a jump in the company’s market value since an initial offer last year. Coca-Cola European Partners (CCEP) said on Monday it was raising the offer by 6% to A$13.5 per share, […]
BigChange raises over £75 Million from Great Hill Partners
Investment to accelerate growth of market-leading mobile workforce platform and expand geographical footprint BigChange, the leading mobile workforce management technology company for the service and transport sectors, announced that Great Hill Partners, the growth-oriented private equity firm behind Wayfair, ZoomInfo, and Reward Gateway, has invested significant capital to drive further growth and innovation. BigChange’s management team, […]
Billionaire Asda buyers to stump up less than £800m to clinch £6.8bn takeover
The private equity-backed billionaires buying Asda will pay less than £800m of their own money to take a controlling stake in the supermarket, a fraction of its £6.8bn valuation, after selling its assets and raising its debts to fund the majority of the purchase price. Blackburn-based brothers Mohsin and Zuber Issa and the private equity […]
Bunker Hill Capital sells Taos Mountain
Bunker Hill Capital, a Boston-based private equity investor in lower middle market companies, has sold Taos Mountain (Taos), a San Jose-based multi-cloud consulting firm, to IBM. Bunker Hill Capital acquired Taos in August 2015 and was joined in the transaction with equity, senior debt and subordinated debt financing from Ric Urrutia, Abacus Finance Group, GMB […]
Soccer – Clubs clash over Serie A Italian TV rights sale
The sale of screening rights for Italy’s top flight soccer league in its home market has been blocked by a clash among Serie A clubs over a separate deal with private equity investors, two people close to the matter told Reuters. Serie A clubs discussed bids for domestic pay-TV licences for the 2021-2024 seasons at […]
Brookfield lobs $5.6 billion unsolicited offer for Canada’s Inter Pipeline, prepared to sweeten bid
Brookfield Infrastructure Partners L.P. made an unsolicited C$7.08 billion ($5.6 billion) offer on Wednesday to buy Canada’s Inter Pipeline Ltd as it seeks to benefit from rebounding oil and gas demand, after an approach last year was rebuffed. Brookfield, which owns and operates assets in the utilities, transport and storage sectors, said it has acquired […]
Silver Lake and Nestlé lead €3.5bn investment in vet group IVC Evidensia
Deal will value Europe’s largest medical petcare company at €12.3bn and see EQT end plans for London listing Silver Lake and Nestlé are leading a €3.5bn investment into IVC Evidensia, Europe’s biggest vets group, in a move that will result in the private equity firm EQT abandoning plans to list the business on the London market. […]
Rivals Blackstone and GIP join forces in £3.5bn Signature Aviation offer
Private equity groups end their battle for control of the UK-listed private jet services group Blackstone and Global Infrastructure Partners have ended their takeover battle for the UK-listed private jet services company Signature Aviation, agreeing to join forces in a new £3.5bn bid for the company. The two private equity groups, together with Bill Gates’ […]
