Kirkland advises L Catterton on deal to acquire majority stake in BIRKENSTOCK Group
Kirkland & Ellis has advised L Catterton on an agreement together with its affiliates, as well as a group of investors including Financière Agache, the family holding company of Bernard Arnault, the CEO of LVMH, to acquire a majority stake in BIRKENSTOCK Group. BIRKENSTOCK is a global lifestyle brand with a heritage in iconic footwear. […]
Riverside invests in Rethink as an add-on to Buildout
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in Think Tech Labs (Rethink), a SaaS-based CRM software serving Commercial Real Estate (CRE) brokerages and brokers. “Rethink’s software aligns perfectly with Buildout’s current offering and will provide brokers with an integrated marketing and CRM platform,” […]
TVM Capital Healthcare exits Cambridge Medical and Rehabilitation Center
TVM Capital Healthcare, a specialist healthcare private equity firm operating in emerging markets, has sold its portfolio company Cambridge Medical and Rehabilitation Center (CMRC) to UAE-based publicly traded investment company, Amanat Holdings PJSC. CMRC is a leading post-acute care and rehabilitation services provider in the MENA region. TVM Capital Healthcare has a long track record […]
GP Bullhound invests in wallapop
GP Bullhound has made a follow-on investment in wallapop, Spain’s leading classifieds marketplace app for unique and second-hand goods, as part of a Series G funding round of EUR157 million bringing the company’s valuation to EUR690 million. Wallapop’s geo-localised technology connects a community of 15 million users in Spain by offering an easy and convenient […]
EDP Brasil to acquire solar energy assets of AES unit
Brazilian power company EDP Energias do Brasil SA said on Thursday that its EDP Smart division has signed a deal to acquire solar energy assets from the local unit of AES Inc for 177 million reais ($32 million). The transaction involves AES Inova, an investment platform for distributed generation that uses smaller technology systems, such […]
Crypto firm Kraken seeks about $10 billion valuation: Bloomberg News
Cryptocurrency exchange Kraken is in talks to raise new funding in a move that would more than double the firm’s valuation to about $10 billion, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The company is in discussions with firms including Fidelity, Tribe Capital and General Atlantic; terms, including lead investors, […]
Suez board rejects Veolia’s takeover offer
French waste and water management firm Suez said on Friday its board had unanimously rejected Veolia’s offer of 18 euros per share, formalising opposition to a bid after months of wrangling between the rivals. Veolia has argued its bid, which values Suez at 11.3 billion euros ($13.7 billion), would help create a global champion to […]
Geely and Volvo to launch powertrain venture after merger scrapped
China’s Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles, the companies said. Geely and Volvo on Wednesday said they had decided to preserve their existing separate corporate structures after “a detailed review of combination […]
Italy’s Piaggio Aerospace invited five bidders to make purchase offer
Italy’s Piaggio Aerospace, which filed for protection from creditors late in 2018, said on Wednesday it had formally invited five bidders to make a purchase offer for the group. The deadline for the five bidders to file non-binding offers is set for March 5, the company said in a statement, adding they were interested in […]
Oghma Partners advises SimplyCook on sale to Nestlé UK
Oghma Partners has acted as the exclusive financial adviser to the shareholders of Direct-to-Consumer, UK-based, SimplyCook Limited (SimplyCook) on the sale of the business to Nestlé. The deal is the latest in Oghma’s healthy portfolio of successful cross-border, European transactions which have included advising Solina Group on the acquisition of UK-based Bowman Ingredients, and Givaudan […]
