Aéropostale, Sports Illustrated owner files for U.S. IPO
Authentic Brands Group Inc on Tuesday filed for a U.S. initial public offering following a year that saw the parent of apparel chain Aéropostale and Sports Illustrated magazine post strong earnings growth. In a regulatory filing, Authentic Brands listed asset manager BlackRock Inc (BLK.N), U.S. private equity firm General Atlantic LLC and mall owner Simon Property […]
KKR steps up pursuit of UK companies amid private equity buyout frenzy
KKR is expanding its operations to target more takeovers in the UK, as the record-breaking pursuit of British companies by private equity groups reignites a debate over the role of the buyout industry in the economy. One of the world’s largest private equity groups will set up a new team of five dealmakers to focus […]
US private equity firm Warburg to set up US$5 billion distressed property manager in China
Warburg Pincus is creating a Chinese asset management company to invest in distressed real estate opportunities, with plans to garner US$5 billion in assets in five years. The US private equity firm will work with Wensheng, one of the largest special situation asset managers in China, to create Wensheng Special Situations Asset Management, a joint […]
Morrisons takeover: Apollo private equity group says it is considering bid
Shares in Morrisons jumped 11% after the private equity group Apollo said it was considering joining the battle to buy the UK supermarket chain. Apollo became the third potential suitor to declare an interest in Morrisons, announcing to the stock exchange on Monday that it was “in the preliminary stages of evaluating a possible offer […]
EQT Private Equity to sell Iver, one of the leading Nordic managed IT services providers
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Iver Holding AB (“Iver” or the “Company”) to Intermediate Capital Group plc (“ICG”), a UK-based global alternative asset manager. Headquartered in Stockholm, Sweden, Iver offers full IT-outsourcing capabilities and focuses on high-growth areas such as multi-cloud, […]
Private equity breaks 40-year record with $500bn of deals
Private equity firms have had their busiest six months since records began four decades ago, striking deals worth more than $500bn and helping to propel global mergers and acquisitions activity to an all-time high. Buyout groups have announced 6,298 deals since the beginning of January, worth $513bn even before counting a $34bn megadeal for the […]
Carlyle partners with Inova in EUR60m deal
Global investment firm Carlyle and Inova, a software provider for the biopharma industry, have announced a long-term funding partnership to accelerate growth, fund product innovation and M&A initiatives. Carlyle is investing EUR60 million and will become Inova’s largest shareholder under the deal, while Management and historic investor NextStage AM have reaffirmed their strong commitment. Headquartered […]
EQT Private Equity to sell Fertin Pharma to Philip Morris International
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Fertin Pharma (the “Company”), a specialist CDMO in innovative oral and intra-oral delivery technologies, to Philip Morris International Inc. (“PMI”) for an enterprise value of DKK 5.1 billion. Headquartered in Vejle, Denmark, Fertin Pharma is a […]
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year. Announced deals involving Asian companies came to $707.7 billion in January-June, up 75% from the same period […]
KKR partners with Crossover Energy to develop clean energy projects
Buyout firm KKR & Co Inc said on Tuesday it would exclusively partner with renewable energy consultant Crossover Energy Partners to develop solar and wind power projects and energy storage systems in North America. Private equity firms are making a new investment push into clean energy after President Joe Biden’s administration recommitted the United States […]
