Lone Star Said to Near $2 Billion Deal for CVC Chemical Firm AOC
Private equity firm Lone Star Funds is nearing an agreement to acquire chemical producer AOC from CVC Capital Partners, people familiar with the matter said. The deal to buy the composite resins business for more than $2 billion could be announced in the coming days, said the people, asking not to be identified because the information is private. Lone Star […]
IronSource’s $11.1 Billion SPAC Merger Is A Culture
About 11 years after it was founded, Tel Aviv-based platform for the App Economy, ironSource, began trading on the NYSE at an $11.1 billion valuation after merging with a special purpose acquisition company (SPAC), reported Reuters. IronSource raised $2.5 billion — including a $1.3 billion private investment in public equity (PIPE) — when it merged June […]
Clayton, Dubilier & Rice Exits Investment in Water Treatment Leader Solenis
Clayton, Dubilier & Rice (“CD&R”) today announced an agreement under which its portfolio company, Solenis, will be acquired by Platinum Equity. The transaction, expected to close before the end of 2021, implies an enterprise value for Solenis of $5.25 billion. CD&R and Solenis management currently collectively own 51% of Solenis, and chemical company BASF holds […]
Eurazeo to sell stake in Grandir
Eurazeo has entered into exclusive negotiations with the French infrastructure investor InfraVia for the sale of its 41 per cent stake in Grandir, an operator of nurseries and schools in France, Europe and North America. The closing of the deal is expected in the coming months. Through the sale of its Grandir stake, Eurazeo is […]
Philip Morris buys respiratory drugs company Vectura for £1bn
Philip Morris International, one of the world’s largest tobacco companies and the owner of Marlboro cigarettes, has agreed to buy the FTSE 250 respiratory drugs company Vectura for £1 billion. The cash offer, which has been recommended by Vectura’s board, values the company at 150p per share, a 10 per cent premium to the cash […]
Private-equity firms battle to buy Morrisons
Investors are clamouring to buy Britain’s fourth-largest supermarket group Sir ken morrison took over his father’s market stalls in Bradford in 1952, 53 years after they started selling eggs and butter. Soon he was running one grocery shop, and then many. In 1967 Morrisons went public, in a share offering that was 174 times oversubscribed. […]
EQT Private Equity to sell Igenomix to Vitrolife for an enterprise value of EUR 1.25 billion
EQT is pleased to announce that the EQT VIII fund (“EQT Private Equity”) has agreed to sell Igenomix (or “the Company”) to Vitrolife AB publ (“Vitrolife”), The enterprise value amounts to EUR 1.25 billion and will be funded in a mix of upfront cash and newly issued shares directed to EQT and the partnering minority […]
Crossover Energy Partners Teams Up with KKR to Accelerate The Clean Energy Transition
Crossover Energy Partners (“Crossover”) today announced an exclusive relationship with KKR, one of the world’s leading investment firms. Crossover Energy Partners’ mission is to support renewable energy initiatives and decarbonization goals for large energy users by designing cost-effective and innovative solutions tailored to their specific needs. Led by founders Tiago Sabino Dias, CEO, and Michael […]
Blackstone to buy ESG software provider Sphera in $1.4 bln deal
Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider, from private equity firm Genstar Capital in a $1.4 billion deal. Chicago, Illinois-based Sphera has more than 3,000 customers and is present in over 100 countries. Its offerings allow organizations to measure and […]
Dyal’s deal for Phoenix Suns shows private equity wants winners
The private equity industry has historically been known for buying struggling companies and attempting a turnaround. But the handful of firms investing in professional sports teams have mostly taken a different approach so far, buying up minority stakes in franchises with successful track records. The latest example came Tuesday when Dyal HomeCourt Partners, a division […]
