Match Group looks beyond love with $1.73 billion Hyperconnect deal
Match Group Inc has agreed to buy Softbank Group-backed South Korean social media firm Hyperconnect for $1.73 billion, as the owner of Tinder and Hinge looks beyond romantic connections to help users make friends across geographies. Match last week said Japan had become its second-highest grossing market behind the United States, with revenue in the […]
New Frontier receives proposal to go private in nearly $1.72 billion deal
New Frontier Health Corp said on Wednesday it received an offer to be bought out by a consortium of investors in a deal that values the healthcare service provider at nearly $1.72 billion. The company said in a statement it received a preliminary non-proposal binding letter from a buyer-group, including President Carl Wu, Carnival Investments, […]
Talos, Enauta consortium places bid for Petrobras Albacora fields
A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has submitted a non-binding offer for Brazilian oilfields Albacora and Albacora Leste, four sources familiar with the matter told Reuters. The exact value of the bid submitted to Brazil’s state-led oil company […]
Private equity groups battle for €1bn AIB problem mortgages
Private-equity giants in the United States Apollo and Lone Star are the final bidders vying to acquire a portfolio of deep-in-arrears AIB home loans that were originally worth about €1 billion, according to sources. AIB set about selling the portfolio, dubbed Project Oak, early last year but postponed the deal as it diverted resources to […]
Apax takes majority stake in Herjavec Group
Consolidation has been a constant feature in the channel over the past couple of decades but, increasingly, deals involve private equity. Managed services is an area where investments have been high and funds advised by Apax Partners have added another example to the growing list with a move to acquire a majority stake in MSSP Herjavec […]
Billionaire Asda buyers raise £2.75bn in record sterling junk bond sale
The private equity-backed billionaires buying Asda have raised the largest-ever sterling junk bond, with investors piling in to the £2.75bn debt sale backing the UK’s biggest leveraged buyout in more than a decade. The new junk bond is the centrepiece of an intricate series of debt deals and asset disposals through which Blackburn-based brothers Mohsin […]
IW Capital leads GBP2.9m growth equity investment in Ubamarket LTD
IW Capital has completed an oversubscribed GBP800k investment in the latest round of a GBP2.9 million raise for Ubamarket LTD. Ubamarket LTD – founded in 2016 – is a pioneer of ‘Scan Pay Go’ technology, offering solutions to providing the fastest ‘in and out’ visit to supermarkets, through features such as aisle sat-nav, automated lists, […]
Pemberton supports recapitalisation of MVF
European private debt manager Pemberton, which is backed by Legal & General Group, has supported the recapitalisation of Bridgepoint Development Capital’s portfolio company MVF, a UK online customer acquisition company. Together with HSBC, Pemberton has provided a cost-effective and flexible financing solution to help the company accelerate its growth through strategic acquisitions. MVF has grown […]
Saudi Aramco prepares $10 billion loan for pipeline business buyers
Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from its assets in an era of lower oil prices. International investors including BlackRock, KKR and Brookfield Asset Management, which could […]
Blackstone Said Buying Warburg Pincus India Logistics JV for $700M
Already India’s largest office landlord, Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture, according to local news reports. Having acquired more than 1 billion square feet of warehouses globally over the past decade, Blackstone is said to be […]
