MIDOCEAN PARTNERS SELLS MAJORITY STAKE IN THE PLANET GROUP
Private equity firm MidOcean Partners sold its majority investment in The Planet Group, which will now merge with ProPharma Group, a portfolio company of Odyssey Investment Partners. The transaction closed May 26; financial terms and ownership shares were not disclosed. The Planet Group brand will remain and all executives will stay with their existing titles. […]
Value of private equity ‘club deals’ jumps to GBP19.7bn as investors look to target higher value acquisitions
The total value of UK private equity club deals hit GBP19.7 billion last year, a fourfold increase from the GBP4.5 billion last year, says Pinsent Masons, the multinational law firm The number of these ‘club deals’ has reached a three-year high (see graph below) – there were 56 deals last year, up 30 per cent […]
Chevron offers to buy out pipeline operator Noble Midstream
(Reuters) – Chevron Corp said on Friday it offered to buy shares in Noble Midstream Partners LP that it does not already own, in a deal valuing the company at $1.13 billion, months after the U.S. oil major bought the pipeline operator’s sponsor, Noble Energy. Chevron, the second-largest U.S. oil producer, in October closed a […]
India’s Future likens Amazon’s bid to stall retail deal to ‘ruthless’ Alexander the Great
NEW DELHI (Reuters) – Amazon.com Inc’s bid to stall Future Group’s $3.4 billion retail assets sale is similar to Alexander the Great’s “ruthless ambition to scorch the earth”, the Indian group’s CEO Kishore Biyani said in an internal staff memo seen by Reuters. Amazon, locked in protracted legal disputes with Future, alleges the Indian firm […]
Billionaire brothers buying supermarket Asda gatecrash bidding battle for fashion chain Topshop
Zuber and Mohsin Issa have been locked in secret talks to buy the fashion brand US fashion giant, Authentic Brands, also lodged a bid last week Arcadia collapsed last month after being ravaged by the pandemic The billionaire brothers buying supermarket Asda have gatecrashed a bidding battle for fashion chain Topshop, The Mail on Sunday […]
Exotel closes A91-led round; Mumbai Angels investors exit with bumper returns
Exotel Techcom Pvt Ltd has handed handsome returns to some of its earliest investors from angel network Mumbai Angels as the cloud telephony platform closed a new round led by venture capital firm A91 Partners that was floated by former Sequoia executives. Exotel said in a statement that some of the early Mumbai Angel investors […]
Deutsche Telekom looking to sell Dutch unit
Deutsche Telekom is preparing a sale of its Dutch subsidiary T-Mobile Netherlands, Dutch financial daily Financieele Dagblad said on Monday. Citing sources close to the matter, the paper said Deutsche Telekom is looking to sell the mobile phone operator to private equity investors in a deal that could be worth 4 billion to 5 billion […]
NCR throws hat in the ring for Cardtronics with $1.73 billion offer
(Reuters) – NCR Corporation on Monday offered to buy Cardtronics Plc for about $1.73 billion in cash, threatening to derail the ATM operator’s acquisition by private equity firm Apollo Global and investment firm Hudson Executive Capital. Atlanta-based NCR, which makes ATMs and self-service kiosks for the retail and hospitality industries, proposed to buy all outstanding […]
Buyout giant Silver Lake closes in on stake in New Zealand All Blacks
New Zealand Rugby is in advanced discussions about the sale of a stake to buyout firm Silver Lake, Sky News understands. The American private equity investor which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand All Blacks, one of the most iconic names in global sport. […]
Office Depot Parent Soars on Staples $2.1 Billion Takeover Offer
Staples says it will make a tender offer in March if ‘we cannot reach a negotiated agreement with ODP.’ Shares of Office Depot’s parent, ODP (ODP) – Get Report, soared Monday after rival Staples offered to buy the office-supplies retailer for $40 cash a share, or $2.1 billion. Shares of ODP, Boca Raton, Fla., at […]
