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 […]
Secondary market likely to be aided by GP-led deals
Big increase in deals seen as industry adjusts after COVID-19 disruptions Alternative investment general partner-led secondary market transactions are expected to increase in 2021, giving managers additional exit options and relieving the pressure of selling companies during the COVID-19 pandemic. GP-led transactions involving single assets or portfolios are not just for troubled funds. Alternative investment […]
Gaurav Trehan to head KKR India’s Private Equity business
Sanjay Nayar will take up a new role as chairman of KKR India with effect from December 31. KKR, the global investment firm has announced that Sanjay Nayar, CEO of KKR India, will take up a new role as chairman of KKR India, effective 31, December 2020 and Gaurav Trehan will head its Private Equity […]
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 […]
HGGC SET TO ACQUIRE SPECIALIST RISK GROUP
Leading Middle-Market Private Equity Firm Builds on Global Insurance Presence with Fast-Growing Specialist Broker LONDON AND PALO ALTO, Calif.—21 December 2020—Specialist Risk Group (“SRG”), a fast-growing specialist insurance broker, today announced that it has signed a definitive agreement to be acquired by leading middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC […]
Italian pension fund hands Schroders €100m PE fund of funds mandate
Italian pension fund for psychologists, L’Ente Nazionale di Previdenza e Assistenza per gli Psicologi (Enpap), has assigned private equity mandate to Schroders. The asset manager’s real assets subsidiary Schroders Adveq will run a €100m fund of funds strategy for the institutional investor. The investment team is led by senior investment director Richard Damming. The mandate […]
