Apollo-backed SPAC looks to raise $400 million through U.S. IPO
An affiliate of private equity firm Apollo Global Management Inc is looking to raise $400 million for a blank-check company through a U.S. initial public offering (IPO), a regulatory filing showed on Wednesday. Spartan Acquisition Corp IV, a special purpose acquisition company (SPAC), said it planned to sell 40 million units, composed of shares and […]
U.S. SPACs overtake 2020 haul in less than three months
Wall Street thought 2020 was a frenetic year for special purpose acquisition companies (SPACs). Yet with more than nine months to go until the end of 2021, initial public offerings (IPOs) of U.S. SPACs this week surpassed the $83.4 billion the sector raised in all of 2020, data from industry tracker SPAC Research showed. This […]
Two private equity firms take control of U.S. software company Precisely in $3.5 billion deal
Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters. Centerbridge Partners bought enterprise software companies Syncsort and Vision Solutions Inc from Clearlake Capital for $1.26 billion in 2017. Clearlake […]
Private Equity Has $300 Billion for Pandemic-Hit Real Estate
The private equity giant is leading cash-rich peers including Lone Star and KKR & Co. in preparing for a world beyond the pandemic as the rollout of vaccines hints at commercial properties stirring back to life. Buyout firms’ global real estate funds are now sitting on more than US$300 billion of unspent cash, according to […]
SoftBank-backed robotics firm Berkshire Grey to go public via $2.7 billion SPAC deal
SoftBank-backed robotics firm Berkshire Grey said on Wednesday it has agreed to go public through a merger with a blank-check firm in a deal that values the combined company at $2.7 billion The deal with Revolution Acceleration Acquisition Corp is expected to provide Berkshire Grey about $413 million in cash, as the maker of logistics […]
IGEL secures growth investment from TA Associates
Global growth private equity firm TA Associates (TA) is to make a majority investment in IGEL, the provider of the next-gen edge OS for cloud workspaces. TA joins existing IGEL investor C Melchers GmbH & Co KG (Melchers), which has been IGEL’s primary investor since its founding in 2001 and will maintain a significant equity […]
ThinCats manages acquisition capex for Dundee based investment manager
Thorntons Investment Management Limited has been provided with funding to support the acquisitions of Matheson Financial Consulting Limited and Sonas Wealth Management Limited by leading alternative finance provider for mid-sized SMEs, ThinCats. Thorntons Investment Management is an Independent Financial Advisor providing a range of wealth and asset management services to high net worth individuals and […]
Catalio Capital Management launches Credit Opportunities strategy
Catalio Capital Management (Catalio), a multi-strategy life sciences investment firm, has launched a Credit Opportunities strategy to expand the scope of the firm’s investments across the biomedical technology industry and meet the growing demand for non-dilutive growth capital within the sector. The Catalio Credit Opportunities strategy seeks to provide senior-secured structured credit to breakthrough biomedical […]
US private equity firm bids for UK pub group Marston’s
A takeover by Platinum Equity would be the first of a UK pub group since the pandemic started Marston’s, the UK pub company, has received an informal takeover proposal from Platinum Equity, the Beverly Hills-based private equity firm whose founder Tom Gores owns the Detroit Pistons basketball team. The FTSE-listed pub group said on Friday […]
Fertitta-backed blank check firm to take Hillman public in $2.64 billion deal
Private equity-backed Hillman Group Inc plans to go public through a merger with billionaire Tilman Fertitta’s blank-check firm in a deal that values the hardware supplier at $2.64 billion, the companies said on Monday. The deal is expected to be partly funded by $500 million cash raised by the blank-check company, Landcadia Holdings III Inc, […]
