TPG, Johor Corp Weigh Taking Malaysia’s KPJ Healthcare Private
U.S. private equity firm TPG Capital and Malaysian state-owned investment company Johor Corp. are considering a plan to take Malaysia’s KPJ Healthcare Bhd. private, according to people with knowledge of the matter. The San Francisco-based firm and the investment arm of the Johor state government are in talks with banks to finance the potential deal […]
Blackstone hits jackpot with $5.7bn Cosmopolitan casino sale
Disposal of Las Vegas resort to MGM International and a property consortium completes turnround Blackstone has agreed to sell The Cosmopolitan in Las Vegas for $5.7bn, completing a turnround at a resort that had been blighted by losses and labour disputes before Stephen Schwarzman’s private equity firm took ownership seven years ago. MGM Resorts International […]
Ropes & Gray represents Acceleron in $11.5bn sale
Ropes & Gray has advised Acceleron in its $11.5 billion sale to Merck & Co. This is one of Merck’s biggest acquisitions and diversifies the pharmaceutical company’s pipeline by adding Acceleron’s drugs to target rare diseases. The transaction was announced on 30 September. Acceleron focuses on discovery, development and commercialisation of respiratory and blood disease […]
Serie A should consider a deal with private equity firms
Italy’s top flight Serie A soccer league should follow the example of Spain’s LaLiga and open up to private equity investors to mend clubs’ finances ravaged by the pandemic, the new U.S. owner of Serie A club Genoa CFC has said. Earlier this year, Spain’s top league soccer clubs backed private equity firm CVC’s proposed […]
Grocer Morrison to Be Auctioned Off to Private Equity Bidders
Fortress Investment Group and Clayton Dubilier & Rice LLC are to face off in an auction for Wm Morrison Supermarkets Plc that will likely determine who wins the battle for Britain’s fourth-largest grocer. The procedure kicks off on Oct 2. It will last one day and consist of a maximum of five rounds, according to […]
UK software company Blue Prism agrees $1.5 billion sale to private equity firm Vista
British software company Blue Prism said Tuesday it has agreed a deal to be taken over by private equity firm Vista Equity Partners for £1.1 billion ($1.5 billion) in cash. Blue Prism, which specializes in software robots that automate repetitive tasks, said Vista would pay each shareholder £11.25 per share, a 35% premium to the […]
Private equity firm TPG names long-time exec Todd Sisitsky as president
Private equity firm TPG, which is reportedly heading towards a public listing, said on Thursday it had appointed long-time company executive Todd Sisitsky as president, effective immediately. Sisitsky, who joined TPG in 2003, will continue to play an active role in the firm’s healthcare investments, the company said. He was named managing partner of TPG […]
UK-based start-ups raised USD19.6bn VC funding between January and August
The UK is the key European market for venture capital (VC) investments, as the UK-based startups raised the highest VC funding amount during January-August 2021. A total of 1,256 VC funding deals were announced in the UK during January-August 2021, while the disclosed funding value of these deals stood at USD19.6 billion, according to GlobalData, […]
Eurazeo increases stake in VC firm Kurma Partners
Eurazeo is to raise its stake in Kurma Partners, a French venture capital firm specialising in biotechnology and medical innovation, to 70.6 per cent. This transaction coincides with Kurma’s launch of a third investment strategy, Growth Opportunity, to support more mature companies, with late stage clinical or early commercial stage asset, in which Eurazeo will […]
Vista Equity Partners adds three industry veterans to value creation team
Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced it has expanded its value creation and operational leadership team. The firm has named three industry veterans as senior operating leaders: Craig Hayman, Operating Advisor for Vista’s Flagship Fund; Angela Pecoraro, Operating Managing Director who will […]
