LVMH-Backed Private Equity to Buy Majority Stake in Italy’s Etro
L Catterton, the private equity firm backed by French luxury retailer LVMH, agreed to buy a majority stake in Italian fashion house Etro SpA. The Etro family will retain a significant minority, according to a statement from the Milan-based luxury retailer founded by Gerolamo Etro, who will be chairman. Financial terms weren’t disclosed. Italian newspaper Il Sole […]
Arlington Capital Partners’ Acquisition of TRP Infrastructure Services
Arlington Capital Partners, a Washington, DC-based private equity firm, announced it has, in partnership with the existing management team and founders, completed the acquisition of TRP Infrastructure Services. Founded in 2010 and headquartered in Fort Worth, Texas, TRP is a leading provider of safety-critical and highly regulated roadway marking and traffic control solutions primarily to […]
Platinum Equity Acquires Oregon Tool
Beverly Hills-based private equity firm Platinum Equity has acquired Oregon Tool, a Portland, Ore.-based maker of chainsaws, cutting tools, outdoor equipment accessories and parts. New York-based private equity firms American Securities and P2 Capital Partners, which took Oregon Tool private in 2016, sold the company to Platinum Equity. Financial terms of the deal were not […]
KPS Capital Partners completes Metra and Profile acquisitions
KPS Capital Partners (KPS) has completed the acquisition of Metra Holding and Metra, (collectively Metra), a global manufacturer of extruded aluminium. KPS has also completed its acquisition of Profile Custom Extrusions, (Profile), a US manufacturer of extruded aluminium, from Highlander Partners. Metra and Profile will be combined to form a global extruded aluminium profile platform […]
Apex Group Purchases Fund Manager Mola-Administration
Apex Group Ltd., a global financial services provider, has acquired Mola-Administration GmbH, a German fund administrators. This strategic acquisition is part of the Group’s efforts to expand a local presence in Germany. Mola-Administration serves a range of clients, with a 10-year track record of providing fund administration services to private equity firms, venture capital, debt, special […]
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 […]
KKR Acquires Neighborly from Harvest Partners
KKR, a global investment firm, has agreed to acquire Neighborly, a provider and franchisor of home service brands, from Harvest Partners. Financial details of the transaction were not disclosed. Through a portfolio of 28 brands, the company offers an array of services including plumbing, pest control, restoration, electrical, cleaning, HVAC, home inspection and many more. Mike Bidwell, […]
Sweden’s Vitrolife to buy Igenomix in EUR 1.25 billion deal
Swedish medical technology group Vitrolife said on Thursday it would buy reproductive genetic testing services provider Igenomix S.L. in a deal worth 1.25 billion euros ($1.48 billion) on a cash and debt free basis. The deal with private equity group EQT and other shareholders would be financed through a mix of shares issued to the […]
Platinum Equity to buy specialty chemicals maker Solenis in $5.25 bln deal
Billionaire Tom Gores’ private equity firm Platinum Equity said on Tuesday it would buy specialty chemicals maker Solenis in a deal valued at $5.25 billion, including debt, and merge it with Sigura Water, a company it bought in 2019. Platinum Equity will acquire Solenis from Clayton, Dubilier & Rice and BASF (BASFn.DE). The German chemicals giant […]
Ingram Micro Finalizes $7.2B Acquisition By Platinum Equity
Ingram Micro has officially closed its $7.2 billion acquisition by private equity powerhouse Platinum Equity in a blockbuster deal that frees the distributor from financially troubled Chinese conglomerate HNA Group. The deal–which was expected to be finalized by the second quarter of 2021–took seven months to complete. Platinum Equity Chairman and CEO Tom Gores said in a […]
