HIG Capital acquires Pegasus Home Fashions
An affiliate of HIG Capital (HIG), a global alternative investment firm with $45 billion of equity capital under management, has completed the acquisition of Pegasus Home Fashions (Pegasus). Founded in 1990 and headquartered in Elizabeth, NJ, Pegasus is one of the country’s largest and fastest growing poly-filled pillow manufacturers with several manufacturing facilities located throughout […]
PRO Unlimited to acquire Workforce Logiq via agreement with EQT Private Equity
PRO Unlimited, a modern workforce management platform provider, through an agreement with EQT Private Equity, is to acquire Workforce Logiq from funds managed by Carlyle later this year, subject to customary regulatory approvals. This transaction will combine two leading-edge companies that share a common strategic approach in solving its diversified clients’ contingent workforce management needs […]
Meggitt presses ahead and publishes documents for Parker-Hannifin £6.3bn takeover bid
British defence technology firm Meggitt has published its scheme documents for a recommended £6.3bn takeover by Parker, just five days after it received a proposal for a potentially higher bid from US rival Transdigm. Meggitt said its takeover panel will announce a deadline by which TransDigm must clarify its intentions in relation to its offer, […]
U.K. Defense Firm Ultra Electronics Agrees to Cobham Takeover
Ultra Electronics Holdings Plc said it has accepted a 2.57 billion-pound ($3.6 billion) buyout approach from Cobham Ltd. to unite the British manufacturers of defense and aerospace systems. The firms said in a statement Monday that they’d reached agreement on an all-cash deal valuing Ultra at 35 pounds as share. That’s after Ultra said July 23 it was […]
HSBC to acquire AXA’s Singapore unit for $575m
HSBC said Monday that its subsidiary has agreed to buy French-multinational insurance firm Axa’s business in Singapore for $575m. The acquisition is a part of HSBC’s plans to expand its wealth management business in Asia. HSBC, Europe’s biggest bank by assets, will fund the acquisition through existing resources and the lender said in a statement […]
Private equity firm acquires Canada’s Fresh Direct Produce
Private equity firm PNC Riverarch Capital has announced that it has acquired leading Canadian fresh fruit and vegetable distributor Fresh Direct Produce (FDP) from another equity firm, HKW. Headquartered in Vancouver, FDP has six locations across British Columbia, Alberta, and Ontario. The company’s diverse and growing offering of over 5,000 SKUs includes a broad selection […]
Private Equity-backed Milestone Technologies Acquires SMCI
Global IT managed services firm Milestone Technologies, backed by private equity firm H.I.G. Capital, has acquired Software Management Consultants, Inc. (SMCI), a next-gen IT consulting, talent management and digital solutions provider from Glendale, California. Terms of the deal were not disclosed. This is technology M&A deal number 510 that ChannelE2E has covered so far in 2021. The […]
CVC funds to buy European vodka maker Stock Spirits for $1 bln
CVC-affiliated funds will buy London-listed Stock Spirits (STCK.L) for about $1 billion, as the private equity firm looks to tap the popularity of its booze among millennials and women in central and eastern Europe. The takeover offer by CVC Capital Partners-affiliated funds of 377 pence per share for Stock Spirits represents a premium of 41% to the […]
Baring Private Equity Asia buys Hinduja Group’s healthcare biz for $1.2 B
Indian firm Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction based on enterprise value of $1.2 billion, subject to closing adjustments, is […]
Brookfield reinsurance unit to buy American National for $5.1 billion
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. The potential deal comes as U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private […]
