Allied bid wins G4S auction after long battle with GardaWorld
Allied Universal won a months-long takeover battle for Britain’s G4S, the world’s largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld. Shares in G4S, which had gained 80% since GardaWorld made its offer public in September, were down nearly 10% to 242.6 pence after Britain’s Takeover Panel said […]
Jubilant to get a slice of Domino’s Eurasia from Turkish PE Fund
Jubilant Foodworks Ltd, which runs the Indian unit of Domino’s Pizza, will acquire a company that owns a significant stake in the entity that operates the pizza chain in several Eurasian countries The Noida-based firm, through Jubilant Foodworks Netherlands BV, will buy Fides Food Systems Coöperatief UA from Turkish Private Equity Fund II LP. Fides, […]
3i Group acquires USD120m of equity in Wilson Human Capital Group
3i Group (3i Group) is to acquire USD120 million of equity in Wilson Human Capital Group (WilsonHCG), a specialist in talent solutions. WilsonHCG is widely known for its high-performance culture including its core values of collaboration, ownership, integrity, passion and communication. As a result, the Company is recognised as a leader by various industry trade […]
H.I.G. Capital Acquires Residential Assets in Lisbon
H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $43 billion of equity capital under management, announced today that one of its affiliates has recently completed the acquisition through multiple transactions of three residential buildings located within central Lisbon. H.I.G. continues to add to its sizeable holdings of real estate assets across Europe, […]
ICV Partners partners with management to make majority investment in Total Access Urgent Care
ICV Partners, an investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today has made a majority investment in Total Access Urgent Care (TAUC), a provider of urgent care and many emergency department services in the Midwest, in partnership with the company’s management […]
Second City acquired by New York private equity firm
The buyer is a firm run by private equity investor Strauss Zelnick, whose interests include the Grand Theft Auto game franchise. ZMC, a New York firm run by private equity investor Strauss Zelnick, said Thursday it has acquired the iconic comedy club and school, which has expanded into programs for corporations. Terms were not disclosed. […]
Asda: How to buy a £6.8bn supermarket for £780m
The Issa brothers have completed the deal to buy Britain’s third-largest supermarket chain. Asda was valued at £6.8bn, but the brothers and the PE-firm TDR Capital paid just £780m. The rest was borrowed. So how does this kind of deal work? And will it leave Asda with too much debt? TDR Capital, PE-firm specialised in […]
Baby Monitor Maker Owlet to Go Public Via Sandbridge SPAC
Baby monitor maker Owlet Baby Care Inc. said it was going public through a merger with a blank-check company backed by private equity firm Sandbridge Capital. Lehi, Utah-based Owlet and Sandbridge Acquisition Corp. will have a combined value of $1.1 billion including debt after the deal is completed, according to a joint statement Tuesday that confirmed an earlier […]
Horseware Ireland rides into Lonsdale Capital Partners’ paddock
Lonsdale Capital Partners, a UK private equity group, is in advanced talks to acquire a stake in Horseware Ireland, a highly successful equestrian products company It is understood that the investment will accelerate the growth of the company, which makes horse blankets, equipment and riding wear. Founded in 1985 by entrepreneur Tom McGuinness, Horseware posted […]
ByteDance explores sale of Indian TikTok assets to rival firm Glance: Bloomberg
China’s ByteDance is said to be exploring the sale of the India operations of TikTok to rival unicorn Glance. Glance’s parent, mobile advertising technology firm InMobi, also owns short-video app Roposo that has gained in popularity after TikTok was banned by the Indian government in July last year. SoftBank is a backer of InMobi Pte as […]
