KBC Bank Ireland sells €1.1bn loans portfolio to private equity giant CarVal
KBC Bank Ireland has sold a €1.1 billion portfolio of non-performing mortgage loans to funds managed by US private equity giant CarVal. Upon completion of the transaction, the loans will be managed by Pepper Finance Corporation. KBC said consumers will continue to have the same legal and regulatory protections as they currently do following […]
EQT Private Equity to sell Zemax
EQT is pleased to announce that EQT Private Equity, through the EQT Mid Market US fund, has agreed to sell Zemax (“the Company”) to Ansys (NASDAQ: ANSS). With the support of EQT, Zemax expanded its management team and focused on broadening the Company’s product portfolio through substantial R&D investment focused on the fastest-growing segments in […]
Carlyle preferred bidder for Baring PE’s Hexaware in $3 bln deal, sources say
Global private equity firm Carlyle Group has emerged as the preferred bidder for Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal, two people with knowledge of the situation said. If successful, Carlyle would be winning a competitive bidding process against peer firms including KKR & Co and Bain Capital, […]
Forbes to go public through Magnum merger
News publisher Forbes Global Media Holdings agreed to go public through a merger with blank-check firm Magnum Opus Acquisition as deal activity heats up in the media business. The combined company will have a pro forma equity value of $630 million, according to a Thursday statement. Forbes’ management team will remain in place after the […]
Sainsbury’s in talks to sell bank arm to Centerbridge
Sainsbury’s in talks to offload its Edinburgh-based banking arm to US private equity group Centerbridge Partners, it has been reported. A deal could be worth about £200 million and would end months of speculation that has linked the business with a number of potential suitors including NatWest (RBS) Group. The supermarket chain kicked off an […]
Investcorp And ADDX Tokenise US Real Estate Fund, Embark on New Alternative Investment Partnership
Investcorp and private capital exchange ADDX – formerly known as iSTOX – announced today a long-term partnership to expand the use of digital securities in the alternative investment or private market space. The collaboration promises a more seamless, coordinated delivery of opportunities to end-investors and will benefit accredited corporate and individual investors, offering them easier access […]
Samsung decides to exit vehicle venture
A few days after the release of Samsung Electronics Vice Chairman Lee Jae-yong from prison on parole, Samsung decided to end its 26-year auto venture with Renault. In a regulatory filing to the Korea Exchange (KRX), Thursday, Samsung Card said the Samsung Group’s card issuance affiliate is on track to sell off stake it owns […]
Permira mandates Goldman Sachs for up to $2 billion sale of Tricor
Private equity firm Permira has mandated Goldman Sachs to run a sale of business services company Tricor Group in a deal that could fetch up to $2 billion, three people with knowledge of the transaction. The sale process is expected to kick off soon after an initial gauge of market interest. Permira is targeting a […]
PRO Unlimited to acquire Workforce Logiq via agreement with EQT Private Equity
PRO Unlimited, a modern workforce management platform provider, through an agreement with EQT Private Equity, is to acquire Workforce Logiq from funds managed by Carlyle later this year, subject to customary regulatory approvals. This transaction will combine two leading-edge companies that share a common strategic approach in solving its diversified clients’ contingent workforce management needs […]
HIG WhiteHorse finances Groupe Astek
HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital (HIG), has arranged a financing package for Groupe Astek (Astek), which includes a significant growth capital component. Astek is the last independent and fully private global French engineering & IT consulting specialist. It is headquartered in Boulogne-Billancourt, France with over 500 employees operating in […]
