Office Depot Parent Soars on Staples $2.1 Billion Takeover Offer
Staples says it will make a tender offer in March if ‘we cannot reach a negotiated agreement with ODP.’ Shares of Office Depot’s parent, ODP (ODP) – Get Report, soared Monday after rival Staples offered to buy the office-supplies retailer for $40 cash a share, or $2.1 billion. Shares of ODP, Boca Raton, Fla., at […]
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 […]
Investment manager to pursue IPO next month
Infrastructure and private equity investment manager Foresight Group is set to float on the London Stock Exchange next month as the company pursues funding for its acquisition strategy. In an update to the market this morning (January 12) Foresight confirmed it would proceed with an initial public offering in February which would see 50 per […]
BGF completes multi-million pound investment in tech scale-up Cirrus
BGF, the UK’s most active investor in growth economy businesses, has completed a multi-million pound investment in Cirrus, an award-winning provider of omnichannel cloud contact centre solutions. Founded in 2013 by Jason Roos, Cirrus’ software is used by private and public sector organisations looking to digitalise their customer service operations. The business has seen continued […]
Ska Fab purchased by private equity firm
Hanover Partners will bring capital infusion; manufacturing in Durango likely to benefit Ska Fab, the company started by Durango microbrewer Matt Vincent, a partner in Ska Brewing, and Durango machinist Dan Morris to meet the manufacturing needs of craft brewers, has been purchased by a private equity firm, Hanover Partners. Ska Fabricating, more commonly known […]
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 […]
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 […]
Insight Partners invests over US $100M for majority control of iLobby
iLobby has raised over US $100 million in strategic investment from Insight Partners. Insight Partners’ Managing Directors Ryan Hinkle, Anika Agarwal and Principal AJ Malhotra, will join iLobby’s board of directors. iLobby co-founder & CEO Ariel Mashiyev will stay on as CEO and Chairman of the board. iLobby is a global leader in enterprise visitor […]
Harris Williams Advises LYNX Franchising on Its Sale to MidOcean Partners
RICHMOND, VA. Harris williams , a global investment bank specializing in M&A advisory services, announces it advised LYNX Franchising, a portfolio company of Incline Equity Partners, on its sale to MidOcean Partners. LYNX Franchising is a multi-brand franchise platform with a complementary collection of B2B essential services. The transaction was led by Brent Spiller, Beau Pierce and Trey Shehan of the […]
Perella Weinberg reveals 2020 revenue decline
Deal advisory boutique is going public via a Spac merger during an M&A revival Revenues at the boutique investment bank Perella Weinberg Partners declined around 9 per cent in 2020, widening the gap behind larger and faster-growing rivals, according to regulatory filings for its forthcoming stock market listing. The glimpse at its financial performance came […]
