Blackstone Sees Three Asia MD Exits in a Month
Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region. Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter […]
Behrman Capital’s Emmes acquires Neox
The Emmes Company (Emmes), a full-service clinical research organisation (CRO) dedicated to supporting the advancement of human health and biopharmaceutical innovation and a portfolio company of Behrman Capital, has acquired Neox. Financial terms of the transaction have not been disclosed. Headquartered in Prague, Czech Republic, Neox is a CRO with over 150 employees who support […]
Tilley Chemical Company partners with SK Capital
Funds advised by SK Capital Partners have made a controlling investment in Tilley Chemical Company, a distributor and value-added service provider of specialty chemicals and lubricants. SK Capital’s investment will serve as the basis for a new strategic partnership with the Tilley family, who will continue to retain a significant ownership stake and involvement in […]
Asia Pacific on private equity investors’ radar
THE ongoing impact of the Covid-19 crisis and geopolitical tensions are seen as the key risks for deal-making in Asia Pacific. But private equity (PE) investors still regard the region as an attractive market, offering a huge opportunity for the PE industry, according to a survey by financial data provider Mergermarket on behalf of Dechert […]
Bill Gates and Blackstone team up for £3bn Signature bid
The Microsoft co-founder Bill Gates is on the brink of joining forces with one of the world’s biggest private equity investors to mount a £3bn takeover bid for a provider of services to private jet owners. Sky News has learnt that Cascade Investment, a vehicle which manages part of Mr Gates’ personal wealth, and Blackstone […]
OpenGate Capital to acquire Solvay’s North American and European amphoteric surfactant manufacturing business
Private equity firm OpenGate Capital is to acquire the amphoteric surfactant manufacturing business from Solvay. The acquisition is subject to the satisfaction of works council consultations and regulatory approvals. The Business is a key player in surfactants, with a focus on the production of amphoterics primarily utilised in body care, hair care, and home care […]
Global Switch’s Chinese Owners Explore $11 Billion Sale
Key Points: Shagang and investors are working with advisers on a deal The sale follows Global Switch’s scrapped Hong Kong IPO The owners of Global Switch Holdings Ltd. are exploring a sale that could value the London-based data center operator at 8 billion pounds ($10.9 billion) or more, people with knowledge of the matter […]
Transact pulls out of race to buy Nucleus
Transact has ditched potential plans to buy rival platform Nucleus, the third interested party to pull out the race for the firm since proposals were announced last month. In a stock exchange announcement yesterday afternoon (January 4), Integrafin Holdings, Transact’s parent company, said it had “no intention to make an offer” for the adviser wrap […]
Private equity, venture capital firms invest $598 million in Tamil Nadu
They struck 33 deals with T.N.-based companies in 2020 Despite the COVID-19 pandemic and several uncertainties, private equity and venture capital companies invested $598 million in Tamil Nadu-based companies through 33 deals during 2020. In 2019, the State attracted $1,641 million in private equity and venture capital investments through 54 deals, according to data sourced […]
RIL deals lift PE-VC funding to $39 billion in 2020, highest in 5 years
On the back of Reliance’s fund-raising spree, private equity (PE) and venture capital (VC) investments in 2020 beat the pandemic blues and recorded the highest level in the last five years at $39.2 billion across 814 deals. This was 6.6% higher than 2019, which had seen 1,012 deals. Investments into RIL’s businesses made up 44% […]
