Former Viacom shareholders can sue Shari Redstone over ViacomCBS merger
(Reuters) – A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc so she could become a media magnate like her late father, Sumner Redstone. Vice Chancellor Joseph Slights of the Delaware Chancery Court said it was reasonable […]
Countrywide agrees to takeover by rival Connells
Estate agency had been weighing rescue options to reverse long decline in share price Connells has reached an agreement to buy rival UK estate agency Countrywide, drawing a line under a long-running battle for control of the company. The deal is a lifeline for Countrywide, which has been weighing rescue options to reverse a decline […]
M&A rebounds sharply to hit $3.6tn in 2020
Deals were halted by the coronavirus but big transactions returned in the last few months A flurry of big deals in the last few weeks drove global mergers and acquisitions to $3.6tn in 2020, representing an extraordinary rebound of takeover activity in the second half of the year. The 2020 total value of deals is […]
US investment firm ALK Capital buys Premier League team Burnley
US investment firm ALK Capital buys Premier League team Burnley An American investment group has agreed to take control of Burnley football club, the latest English Premier League side to attract US owners. ALK Capital has agreed to buy an 84 per cent shareholding in Burnley, which was established as a football club in 1882. […]
Onex acquires Falcon Investment Advisors
Onex Corporation has acquired Falcon Investment Advisors, LLC, a Boston based private credit manager, from founder Sandeep D. Alva. Financial terms were not disclosed. Onex Corporation today announced that it has acquired Falcon Investment Advisors, LLC, a leading U.S. private credit manager, to expand its established credit platform and solidify its market position in tradeable, […]
World’s Largest Technology Products Distributor Sold to Private Equity Firm in $7.2 Billion Deal
One of the world’s largest investment firms is making a splash in the technology products sector by buying the world’s largest distributor of computer and technology products. Platinum Equity announced on December 9 that it has reached an agreement to acquire Ingram Micro, a distributor of information technology products, in a deal valued at $7.2 billion. Platinum Equity is buying […]
Riverside sells temporary traffic safety management solutions provider AWP
Global private equity firm The Riverside Company has sold Area Wide Protective (AWP). Terms of the transaction have not been disclosed. Headquartered in North Canton, Ohio, AWP is a provider of outsourced temporary traffic safety management (TTSM) solutions supporting infrastructure repair, maintenance and upgrade activities for a broad range of blue-chip utilities, utility contractors and […]
Link Group to acquire Casa4Funds
Link Group is to acquire Casa4Funds from Banor Capital, subject to regulatory approval. Casa4Funds is one of the oldest European independent third-party UCITS Management Companies and Alternative Investment Fund Managers (AIFM), headquartered in Luxembourg. The acquisition will provide additional scale for Link Fund Solutions in Luxembourg, Europe’s largest investment fund centre. It will also provide […]
Outlook positive for PE secondaries with USD61bn earmarked for 2021
The outlook for demand in the private equity secondaries market throughout 2021 – and in particular, H1 2021 – is very strong, with buyers looking to deploy USD61 billion in 2021. That’s according to Cebile Capital’s 2020 Year-End Secondaries Market Update, which summarises key trends witnessed in 2020 and outlook for 2021 from key secondaries […]
Apollo-led group to buy stake in AB InBev’s U.S. can plants for $3 billion
Apollo Global Management Inc said on Wednesday a group of institutional investors led by the private-equity firm would buy a 49.9% stake in Anheuser-Busch InBev’s U.S.-based metal container plants for about $3 billion. AB InBev has been burdened by debt after its 2016 takeover of nearest rival SABMiller and has made deleveraging a priority, selling […]
