France’s Vivendi to buy 7.6% stake in Spain’s Prisa
French media company Vivendi said on Friday it agreed to buy a 7.6% stake in Spanish rival Prisa, sending shares in the owner of Spain’s influential El Pais newspaper up 10% at opening. “Buying shares in Prisa is part of Vivendi’s ongoing strategy to become a global leader in content, media and communications, while extending […]
Royal Caribbean to Sell Azamara Brand to Sycamore Partners
Royal Caribbean Cruises Ltd. is selling its Azamara brand to private equity firm Sycamore Partners, the latest example of a cruise company shedding assets during the Covid-19 pandemic. The $201 million cash deal includes Azamara’s entire three-ship fleet and intellectual property, Royal Caribbean said in a statement Tuesday. Royal Caribbean Chief Executive Officer Richard Fain said the company will […]
CoStar and Warburg Are Said to Compete to Buy CoreLogic
CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is evaluating the offers, is expected to decide in the coming weeks whether to proceed with a sale, said the people, asking not to be identified because the […]
M&A valuations boom in the second half of 2020, despite Covid-19 impacts on the economy, says PwC
M&A valuations are soaring, with rich valuations and intense competition for many digital or technology-based assets driving global deals activity, according to PwC’s latest Global M&A Industry Trends analysis. Covering the last six months of 2020, the analysis examines global deals activity and incorporates insights from PwC’s deals industry specialists to identify the key trends […]
Private Equity Partner Lilit Voskanyan Joins Gibson Dunn in San Francisco
Gibson, Dunn & Crutcher LLP is pleased to announce that Lilit Voskanyan has joined the firm as a partner and member of the Private Equity Practice Group. Voskanyan, formerly a partner with Kirkland & Ellis LLP, will reside in the firm’s San Francisco office, where she will continue her private equity practice and support the […]
Ironwood Capital portfolio company Ironwave Technologies invests in Syntonics
Ironwood Capital portfolio company, Ironwave Technologies (Ironwave), has purchased a majority interest in Syntonics, a manufacturer and research and development company focused on advanced radio frequency (RF) systems and subsystems such as RF over fibre, Software Defined Radio, Tracking Tagging and Location (TLL) and Expendable Data Exfiltration (EDEX) technologies. “The acquisition of Syntonics expands Ironwave’s […]
Memsource acquires Phrase
Memsource, an AI-powered translation management system, together with its majority shareholder The Carlyle Group, has acquired Phrase, a leading software localisation platform. Headquartered in Prague, Czech Republic, Memsource is a translation technology provider that assists global corporations and the language services industry in automating the localisation of large volumes of multilingual content. The company is […]
Shippeo secures USD32m investment from Battery Ventures and existing investors
Shippeo, a specialist in real-time transportation visibility (RTTV), has secured USD32 million in an investment round co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation. The […]
BUILDING MATERIALS FIRM ACQUIRED BY PRIVATE EQUITY-BACKED GROUP
A Somerset-based building materials business has been acquired by a portfolio company of Cairngorm Capital Partners Established in 2005, Wells-headquartered CRS Building Supplies provides a range of heavyside building materials to trade and retail customers from 12 branches across Somerset. Cairngorm Capital’s portfolio company, Grant & Stone, has acquired and is merging with CRS. The […]
Birkenstock in Talks for $5 Billion Sale to CVC Capital
(Bloomberg) — Birkenstock, the German company behind the iconic sandals worn by hippies and preppies alike, is in talks to be taken over by CVC Capital Partners, according to people familiar with the matter. The private equity firm is in advanced negotiations with the family owners of the nearly 250-year-old brand, according to the people, […]
