Chemical firm Lanxess buys U.S.-based Emerald Kalama in $1.1 billion deal
German chemical company Lanxess is buying U.S.-based Emerald Kalama Chemical for an enterprise value of about $1.08 billion to strengthen its consumer business. The company reported 2020 sales of around $425 million and earnings before interest taxes depreciation and amortisation (EBITDA) before exceptionals of around $90 million. “By acquiring Emerald Kalama Chemical, Lanxess strengthens its […]
BlackRock Real Assets acquires Sainsbury’s warehouse for GBP90.5m
Fund managed by BlackRock Real Assets have acquired a Sainsbury’s distribution warehouse in Bedford from Legal & General for GBP90.5 million. The 462,746 sq ft unit is let to Sainsbury’s on an unexpired lease term of 15 years with five-yearly RPI-linked uplifts subject to a floor of 2 per cent and cap of 4 per […]
Focus Group acquires South West Communications
Focus Group, a UK provider of business communications and technology solutions, has completed the acquisition of swcomms, who started as a provider of business telephone systems. Focus Group has been looking to expand its portfolio of businesses again and swcomms was a perfect fit to accelerate its growth in the South West of the UK. […]
Lanxess buys U.S.-based Emerald for enterprise value of $1.08 billion
German chemical company Lanxess on Saturday said it signed a deal to acquire U.S.-based specialty chemicals company Emerald Kalama Chemical for an enterprise value of about $1.08 billion. The acquisition will be financed by Lanxess’s existing liquidity, the company said in a statement, adding that the deal was expected to close in the second half […]
LDC-backed Onecom acquires Olive Communications
Onecom has acquired its closest rival, Olive Communications, in a move which creates one of the largest business-to-business mobile, fixed-line and cloud specialists in the UK. Together, Onecom and Olive will provide services to more than 500,000 corporate and business end users this year, generating combined annual turnover of more than GBP140 million. The acquisition […]
CVC in talks to buy stake in San Antonio Spurs at $1.3bn valuation
CVC Capital Partners is in talks to buy a minority stake in the San Antonio Spurs at a roughly $1.3bn valuation, in a move that signals how private equity is poised to reshape the ownership structures of National Basketball Association franchises. The Luxembourg-based buyout group is seeking a stake of about 15 per cent in […]
BlackRock Long Term Private Capital to acquire UK pensions software provider Aquila Heywood
BlackRock Long Term Private Capital (LTPC) announces it has reached an agreement to acquire Aquila Heywood, a UK based market leader in pensions administration software and services. The investment will enable Aquila Heywood to further grow its highly innovative suite of software solutions, supporting the current and future needs of a fast-growing customer base within […]
Italian Chain Prezzo Joins the Private Equity Restaurant Carousel
Cain International has bought the group at the cost of 22 restaurants and 216 jobs The coronavirus pandemic continues sticking pins in casual dining bubbles High street survivor Prezzo is clinging on to its place in the Italian chain restaurant landscape after completing its takeover by private equity firm Cain International, as reported by Big […]
Baring Private Equity Asia Completes Acquisition of Virtusa
Baring Private Equity Asia and its affiliated funds (“BPEA”) today announced that BPEA has successfully completed the acquisition and privatization of Virtusa Corporation (NASDAQ GS:VRTU) (“Virtusa” or the “Company”), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering. In conjunction with […]
Proskauer poaches Sheppard Mullin practice leader as M&A, private equity co-head
Proskauer Rose lured a top M&A partner away from Sheppard, Mullin, Richter & Hampton, the firm announced on Thursday. Los Angles-based Will Chuchawat, who was team leader of Sheppard Mullin’s M&A group, focuses his practice on private equity, with a clientele that includes technology and aerospace companies and an emphasis on leveraged buyouts, growth equity […]
