Warburg Weighs Deal for $5 Billion Services Firm Vistra
Warburg Pincus is exploring a potential acquisition of business services provider Vistra Group amid increasing investor appetite in the industry, people with knowledge of the matter said. The buyout firm is in talks with Vistra’s owner, Hong Kong-based Baring Private Equity Asia, about a potential transaction, the people said. A sale could value closely held Vistra at about […]
Centerbridge Partners & Advent International announce €1.74bn Aareal Bank takeover intention
U.S.-based Advent International and Centerbridge Partners have made a joint takeover offer for Germany’s Aareal Bank that values the lender at 1.7 billion euros ($1.9 billion). “The announced offer is in the best interests of our company and its stakeholders,” Aareal Chief Executive Jochen Kloesges said in a statement on Tuesday. Aareal, which specializes in […]
CVC’s target Intertrust confirms having received multiple bids
Dutch financial services company Intertrust (INTER.AS) said on Monday it had received multiple takeover offers, following its earlier announcement of discussions with private equity firm CVC Capital Partners. Last week, the company, which offers administrative, fund and private wealth services in more than 30 jurisdictions worldwide, entered into exclusive talks over a potential 1.63 billion euro ($1.83 […]
Ropes & Gray advises TPG in acquisition of majority stake in Nintex
Ropes & Gray has advised TPG Capital, the private equity platform of alternative asset firm TPG, in its acquisition of a majority stake in Nintex from Thoma Bravo. The transaction is expected to be completed by the end of 2021. Terms of the transaction, which was announced on 5 October, have not been disclosed. TPG […]
Churchill Asset Management raises nearly $1.5bn for two new private equity vehicles
Churchill Asset Management (Churchill) has closed two new funds totalling approximately $1.5 billion of committed capital. Churchill Secondary Partners (the Secondary Fund) and Churchill Co-Investment Partners (the Co-Investment Fund) were established in partnership with Ardian, a private investment house, as part of a strategic transaction that expands institutional investor access to Churchill’s private equity platform. […]
Neuberger Berman Appoints Sarah Peasey as London-Based Director of European ESG Investing
Neuberger Berman, announced today the appointment of Sarah Peasey in the newly created position of Director of European ESG Investing.Based in London, Ms. Peasey will report to Jonathan Bailey, Head of ESG Investing at Neuberger Berman. Ms. Peasey will work directly with the firm’s investment teams to further incorporate ESG principles across asset classes and […]
Oxford Properties to buy $2.2bn US industrial portfolio from KKR
Oxford Properties is buying a $2.2bn (€1.9bn) US industrial real estate portfolio from KKR, a deal that progresses the Canadian investor’s plan to build a large scale industrial business. The C$70bn (€47.4bn) property arm of Canadian pension fund OMERS said it has agreed to buy the 14.5m sqft infill and light industrial portfolio consisting of […]
Blackstone to acquire majority stake in Simplilearn for $250M
Blackstone has entered into a definitive agreement to acquire a controlling stake in Bengaluru-based edtech startup Simplilearn. According to sources, the deal size is pegged at $250 million. Founded in 2010 by Krishna Kumar, Simplilearn has been profitable for the fourth year in a row, the company said in a statement. The platform offers over 100 programs […]
Stamps.com Agrees to Thoma Bravo Buyout in $6.6 Billion Deal
Stamps.com Inc., the online postage company, has agreed to be acquired for $6.6 billion in cash by private equity firm Thoma Bravo. The purchase price of $330 a share is a 67% premium to Stamps.com’s Thursday closing price, the companies said in a statement Friday. The stock had stalled so far this year, with a 0.8% gain, but […]
Golding holds first close of first dedicated buyout co-investment fund at €161m
Golding Capital Partners has has held first close of its co-investment fund, Golding Buyout Co-Investment 2020, with capital commitments of €161 million. The asset manager for alternative investments has thus been able to place three quarters of the target volume of EUR200 million with investors – primarily pension funds and insurance companies – within just […]
