HIG Capital appoints lead for dedicated technology buyouts team
HIG Capital (HIG) has hired John Woyton to lead its dedicated technology buyouts platform, which combines HIG’s existing technology sector capabilities across multiple investing funds. Woyton has spent over 18 years as a private equity investor in the technology sector. Most recently, he was a Managing Director and Partner at Advent International, where he helped […]
Fund servicing group Sanne in £1.5bn takeover talks with Apex
Sanne, the UK-listed fund administration business, is in “advanced discussions” with fund servicing group Apex over a potential £1.5bn takeover, having already been in discussions with private equity firm Cinven over a deal. Apex’s offer would come in at 920p in cash per share, ahead of the 875p that Cinven was prepared to offer in […]
Rolls-Royce says in talks to sell ITP Aero to Bain-led consortium
Britain’s Rolls-Royce (RR.L) is in exclusive talks with a consortium led by U.S. private equity firm Bain Capital on a potential sale of its Spain-based ITP Aero unit, the engine maker said on Wednesday. Rolls-Royce said there was no certainty an agreement will be reached. It issued a statement prompted by a report in a Spanish newspaper […]
PepsiCo to sell Tropicana and other juice brands for $3.3bn to move away from high-sugar drinks
PEPSICO has unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners yesterday, as it looks to simplify its product range and move away from high-sugar drinks. The company, which bought the orange juice maker in 1998 for roughly $3.3bn and US-based Naked […]
Audax Private Equity Announces Investment in Cyber Threat Intelligence Leader Team Cymru
Audax Private Equity (“Audax”) today announced that it has made a growth investment in Team Cymru, a global leader in cyber threat intelligence, to support its continued initiatives in the security space. Terms of the transaction were not disclosed. This investment will help expand the depth and breadth of Team Cymru’s solutions, allowing the company to […]
Apax Merges Software Firms for Non-Profits in $2 Billion Deal
Private equity firm Apax Partners is merging three software companies serving non-profit organizations in a deal worth about $2 billion, including debt. Apax is buying EveryAction from Insight Partners and Social Solutions from Vista Equity Partners, according to a statement Tuesday. Apax will combine them with CyberGrants, a company it agreed to acquire in June from Waud Capital Partners. Vista will keep a […]
PepsiCo to sell Tropicana and Naked juice brands to private equity for $3.3bn
Deal with France’s PAI will ‘free’ group to focus on calorie-free drinks and healthier snacks PepsiCo has agreed to sell a controlling stake in its Tropicana and Naked juice brands to the French private equity firm PAI Partners for $3.3bn, as it seeks to focus instead on calorie-free drinks and products it claims are better […]
Smiths Group agrees to sell medical division to US private equity firm
$2.3bn deal with TA Associates is latest in a series of UK acquisitions by overseas buyers The UK engineering firm Smiths Group has agreed to sell its medical division to the US private equity firm TA Associates in a $2.3bn (£1.7bn) deal, in the latest of a string of UK acquisitions by overseas buyers. Smiths […]
Paysafe to acquire PagoEfectivo
Paysafe, a specialised payments platform, has signed a definitive agreement to acquire PagoEfectivo, a Peruvian alternative payments (APM) platform. For Paysafe, this latest investment is a strategic foothold in Latin America, one of the world’s fastest-growing online markets where merchants and consumers alike are demonstrating an increased appetite for alternative payment methods and online banking […]
Smiths Group agrees $2.3bn sale of medical division to US private equity
The Smith Group has agreed to sell its medical sector to US private equity firm TA Associates for $ 2.3 billion as the UK conglomerate seeks to focus on industrial technology. The FTSE 100 Group will receive $ 1.8 billion in net cash revenue from the sale, will hold a 30% stake in the division, […]
