T Rowe Price to acquire alternative credit manager Oak Hill Advisors in $4.2bn deal
T Rowe Price Group is to acquire alternative credit manager purchase Oak Hill Advisors and certain other entities that have common ownership for a purchase price of up to approximately $4.2 billion. $3.3 billion is payable at closing, approximately 74 per cent in cash and 26 per cent in T Rowe Price common stock, and […]
Blackstone acquires majority stake in SPANX
Blackstone has acquired a majority stake in SPANX, Inc, a ‘mission-driven’ womenswear brand founded by Sara Blakely in 2000, at a valuation of $1.2 billion – with Blakely maintaining a significant equity stake in the business. Blakely, along with SPANX’s existing senior management team, will continue to oversee daily operations, and at closing, Blakely will […]
Partners Group and Kohlberg & Company acquire BluSky
Partners Group, a global private markets firm, and Kohlberg & Company (Kohlberg) have acquired BluSky Restoration Contractors (BluSky), a US provider of restoration services for commercial, industrial, healthcare, and multifamily real estate, on behalf of their clients. Kohlberg and Partners Group acquired equal equity stakes in the transaction, with the Company’s management team also retaining […]
TA Associates to acquire a significant stake in Partners Group-owned Foncia
Partners Group, global private markets firm, is expanding the shareholder base of Foncia, a provider of residential property management services in Europe. Incoming shareholder TA Associates has agreed to acquire a 25 per cent stake in the business, while Partners Group will continue to hold a majority stake in the Company on behalf of its […]
Unigestion’s private equity team leads the buyout of European home care provider Home Instead
Unigestion has led to the buyout of Home Instead Holding (Home Instead), a provider of home care services across Europe. As part of the sale of Home Instead, Unigestion as lead investor has invested in the company, alongside the founder of Home Instead, Paul Fritz, who, together with Verium, continues to hold a majority stake […]
Blackstone and Vista Equity Partners Complete Acquisition of Ellucian
Ellucian, a leading higher education technology solutions provider, today announced the completion of its acquisition by funds managed by Blackstone (NYSE: BX) (“Blackstone“) and Vista Equity Partners (“Vista”). Blackstone and Vista are investing in Ellucian through their respective long-term private equity strategies, which hold investments for longer periods than traditional private equity. “Today marks an exciting new chapter for Ellucian, our customers […]
Chinese Firm Buys Canada mRNA Vaccine Tech in $500 Million Deal
Chinese biopharma firm Everest Medicines Ltd. will license an mRNA Covid-19 vaccine from Canada’s Providence Therapeutics Holdings Inc., as companies try to bring the most effective inoculation platform into China despite its apparent resistance to western shots. Everest will gain rights to Providence’s vaccine in Greater China and countries including Indonesia, Singapore, and Thailand, it said in […]
PayPal acquires Japanese ‘buy now, pay later’ service Paidy
Competition is heating up in the Asia-Pacific fintech sector between giants like PayPal and Square following several recent deals. Fintech giant PayPal announced this week that it is acquiring Japan’s Paidy, a provider of ‘buy now, pay later’ (BNPL) services. PayPal said the deal is for 300bn yen ($2.7bn), “principally in cash”, and should close […]
Citizens advises Ridgemont Equity Partners on acquisition of Sparus Holdings
Citizens M&A Advisory has served as the financial adviser to Ridgemont Equity Partners on its acquisition of Sparus Holdings (Sparus), a provider of critical outsourced field and professional services for utility and industrial customers. Headquartered in Charlotte, North Carolina, Ridgemont Equity Partners is a middle-market buyout and growth equity investor. The firm focuses on equity […]
Investcorp acquires the business and assets of digital payments platform operator MIR Limited
Investcorp Technology Partners (ITP), a European technology investor, has completed the acquisition of all of the business and assets of MIR Limited, which operates a payments platform and e-wallet solutions. MIR Limited’s Business is a fast-growing Fintech business with more than one million registered users in 180 countries across the globe. Its offering includes some […]
