Blackstone buys Toronto rental development company in a US$3.5-billion deal

New York-based Blackstone, the world’s largest alternative asset manager, says it will pay about US$11.25 per common share for Tricon Residential Inc. which equates to a US$3.5 billion equity transaction. Blackstone will take the Toronto-based rental development company private. Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the U.S. […]

Kaman to be Acquired by Arcline for $1.8 Billion

Arcline acquires KAMAN, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. KAMAN will become a a private held company, upon completion of the transaction. Arcline is a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses. “Following robust engagement with Arcline and careful evaluation of other […]

Blackstone makes first investment in Japan’s fintech sector

Blackstone is seizing this opportunity by acquiring a majority stake in Sony Payments Services (SPSV) from Sony Bank, a subsidiary of Sony Group. The deal was announced in December. It marks the private equity firm’s first investment in the financial technology sector in Japan. Sony Bank, which established the payment service business in 1995 and […]

BlackRock bets on infrastructure in $12.5bn deal

BlackRock has agreed to acquire Global Infrastructure Partners, a New York City-based infrastructure fund manager, in a $12.5 billion cash-and-stock deal. The GIP management team, led by Bayo Ogunlesi and four of its founding partners, will lead the combined infrastructure platform. BlackRock has also agreed to appoint Bayo Ogunlesi, GIP founding partner, chairman and CEO […]

Blackstone pays $2.4bn for minority stake in NiSource unit

Blackstone’s infrastructure unit has agreed to invest $2.41bn in Northern Indiana Public Service Company, a unit of NiSource. NiSource said an affiliate of Blackstone Infrastructure Partners will pay $2.16bn for a 19.9% indirect non-controlling equity interest in Northern Indiana Public Service Company. Blackstone also made an additional equity commitment of $250m to fund ongoing capital […]

Kian Capital Partners Completes Exit of Westcoast Gate to Aurora Capital Partners

Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today it has exited its investment in Westcoast Gate & Entry Systems (“Westcoast Gate”) through a sale to Aurora Capital Partners. Westcoast Gate is a premier regional provider of mission critical gate automation services to high-end residential, HOA and commercial customers across Southern California. Recognizing a […]

Taco Bell franchisee Pacific Bells LLC acquired by Orangewood Partners

One of the chain’s largest operators with more than 250 units, the group plans more growth Pacific Bells LLC, one of the largest Taco Bell franchise operators, has been acquired by investment firm Orangewood Partners, the company said Thursday. Under the deal, Pacific Bells’ founder and CEO Tom Cook and others on the management team […]

BioAgilytix secures new investment from Cinven

Buyout firm Cinven secures a deal to acquire BioAgilytix in a transaction valuing the drug-research services company at more than $2.5 billion, according to people familiar with the matter.  Cinven beat out a number of other private equity firms in the highly competitive bidding process, the people said. The deal values BioAgilytix at more than 30 times its estimated […]

Blackstone-backed events group sends Clarion call for latest acquisition

Clarion Events is in advanced talks to acquire Consero as owner Blackstone injects a further £20m (approx. $27m) of equity to help its post-pandemic strategy, Sky News understands. The company behind the London International Horse Show is close to acquiring a leading organiser of one-to-one meetings for senior executives, as the industry continues its recovery […]

Thoma Bravo completes $6.4bn acquisition of Medallia

Thoma Bravo, a software investment firm, has completed its acquisition of Medallia, a specialist in customer and employee experience, in an all-cash transaction valued at $6.4 billion. The acquisition was previously announced on 26 July, 2021 and approved by Medallia shareholders on 14 October, 2021. Subject to the terms of the merger agreement, Medallia shareholders […]