REE Automotive in negotiations for a $3-4 billion Nasdaq SPAC merger
The list of Israeli companies mulling entering Nasdaq via a SPAC continues to grow, with REE Automotive, which develops modular platforms for electric vehicles, in negotiations to go public at a valuation of between $3-4 billion, a source told Calcalist under the condition of anonymity. The negotiations have been ongoing for the past three months […]
Private equity firm Permira to buy majority stake in Boats Group
Private equity firm Permira said on Tuesday it will acquire a majority stake in online classifieds marketplace Boats Group from Apax Partners funds. The financial details of the deal were not disclosed. The deal for Boats, which mainly serves the recreational marine industry, is expected to close in the first quarter of 2021. Miami-headquartered Boats […]
Private equity firm’s SPAC TZP Strategies Acquisition files for a $250 million IPO
ZP Strategies Acquisition, a blank check company formed by TZP Group targeting the tech, business, and consumer sectors, filed on Monday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists […]
Markets shock in 2020 gives way to IPO boom
Stock listings flourish in aftermath of hit from coronavirus pandemic Companies raised more money through stock market listings in 2020 than in any year besides 2007, as a rebound in equities valuations lured in businesses and blank-cheque acquisition vehicles rushed to list in the US. Businesses raised almost $300bn through flotations globally in 2020, including […]
Apollo readies Japan private equity push, joining KKR and Carlyle
Progress on governance offers investment opportunities akin to Germany in 2000s TOKYO — Headquartered in a skyscraper on New York’s 57th Street, otherwise known as Billionaires’ Row, alternative investment manager Apollo Global Management has amassed more than $400 billion in assets under management over its three decades. Despite its status as a global private equity […]
Shadow capital stabilised South-east Asia private equity in 2020: report
SOUTH-EAST Asian private equity (PE) deal value fell by over 50 per cent year on year in the first three quarters of 2020 and the brakes were slammed on exits, amid Covid-19 uncertainty. This comes on the back of a thriving 2019 for the region’s PE and venture capital (VC) scene, which clocked US$12 billion […]
HGGC acquires Specialist Risk Group
Specialist Risk Group (SRG), a fast-growing specialist insurance broker, has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC and continue to hold a significant stake in the business. The private transaction is expected to close in Q1 2021, subject to regulatory approval. […]
AstraZeneca turns the tables as it acquires US pharmaceutical firm Alexion
AstraZeneca, the British pharma giant, was almost swallowed up by Pfizer a few years ago. Now it has struck a megadeal of its own. Drug giant AstraZeneca’s shares “fell sharply” this week after it agreed to “the biggest deal in its history”, says Julia Kollewe in The Guardian. Investors are worried that the $39bn it […]
Blackstone in talks to merge Alight with blank-check acquisition firm
Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter. The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of […]
Thoma Bravo to Buy Software Firm RealPage for $9.6 Billion
RealPage Inc.’s shares surged as much as 32% after private equity giant Thoma Bravo agreed to buy out the real estate software maker for $9.6 billion. Thoma Bravo is offering investors $88.75 in cash for each share of RealPage, the companies said in a statement on Monday. The transaction represents a 31% premium to the company’s closing […]
