PwC is Selling Its Mobility Tax Consultancy for $2.2 Billion
One firm’s regulatory crunch is a private equity firm’s lunch. PwC agreed Tuesday to sell its mobility consulting division to US PE firm PwC agreed Tuesday to sell its mobility consulting division to US PE firm Clayton, Dubilier & Rice (CD&R) for $2.2 billion. It’s the latest disposal by one of the major consultancies, which […]
Private Equity Firms Circle GlaxoSmithKline’s $54 Billion Consumer Arm
GlaxoSmithKline Plc’s consumer unit is drawing interest from private equity firms in what could lead to the biggest buyout of all time, people with knowledge of the matter said. The drugmaker’s advisers are informally fielding interest in the operations alongside preparations for a listing, the people said, asking not to be identified because the information […]
Edmond de Rothschild’s Bridge V exceeds €1.2bn
Edmond de Rothschild Asset Management has already reached its target to match the successful previous fund raising for its infrastructure debt platform, the fifth vintage having raised to date more than €1.2 billion. Launched in 2014 with €400 million, BRIDGE is now nearing €4 billion of capital raised. BRIDGE V is still fundraising and is […]
EQT Private Equity to sell Adamo to Ardian Infrastructure
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Adamo Telecom (“Adamo” or “the Company”) to Ardian Infrastructure (“Ardian”). Headquartered in Barcelona, Spain, Adamo is currently the fastest growing and leading open access rural fiber-to-the-home (FTTH) platform in Spain. With a unique nationwide footprint, the […]
KKR appoints Independent Director
KKR & Co has appointed Evan Spiegel as a new Independent Director, bringing the total of independent directors on the company’s Board to eleven out of fifteen seats. Spiegel is the Co-Founder and Chief Executive Officer of Snap Inc, a publicly traded camera company that believes reinventing the camera represents the greatest opportunity to improve […]
Blackstone selects global head of ESG for private equity
Amisha Parekh was named managing director and global head of ESG for private equity at alternative manager Blackstone. It is a new position, Blackstone spokeswoman Emilie Stanton said in an email Thursday. Ms. Parekh, who joined the firm’s portfolio operations group Monday, leads private equity-related ESG due diligence, policy development and strategy and reports to […]
Private equity firm Hellman & Friedman matches rival offer for Germany’s Zooplus
U.S. private equity company Hellman & Friedman said on Thursday it has matched a rival offer from Swedish private equity firm EQT AB to acquire Zooplus AG, one of Europe’s largest online pet supply retailers, for about 3.36 billion euros ($3.88 billion). Hellman & Friedman’s 470-euros-per-share offer for Zooplus comes after EQT topped an earlier […]
EQT Private Equity to sell majority stake in VFS Global to Blackstone
EQT is pleased to announce that the EQT VII fund (“EQT Private Equity”) has signed a definitive agreement to sell a majority stake in VFS Global (the “Company”) to private equity funds managed by Blackstone (”Blackstone”). EQT Private Equity will retain a minority position in the Company alongside Blackstone and the Kuoni and Hugentobler Foundation […]
Carlyle appoints new Chief Development Officer
Carlyle has appointed Ryan Selwood, former Head of Direct Private Equity at Canada Pension Plan Investment Board (CPP Investments), as Managing Director and Chief Development Officer. In this newly created position, Selwood will be involved in a range of investment and management activities across Carlyle, working alongside many in leadership to drive major priorities including […]
Investcorp eyes India private equity growth and capital boost for online retailer
Bahrain-based Investcorp aims to more than double its private equity investments in India over the next few years and is currently looking to raise new capital for online retailer FreshToHome, in which it invested last year, an executive said. Investcorp is currently managing around $300 million of private equity investments in India, a large majority […]
