Acquisition vehicle EverArc to buy U.S.-based Perimeter Solutions in $2 billion deal
EverArc, a London-listed acquisition vehicle, has agreed to buy U.S.-based firefighting products maker Perimeter Solutions as part of a reverse takeover valued at $2 billion, it said on Wednesday. The British Virgin Islands-based company said the deal would see Perimeter becoming part of a newly-formed Luxembourg company called Perimeter Solutions S.A. which will be listed […]
Angeles Equity Buys Primus Aerospace
Angeles Equity Partners, a Santa Monica-based private equity firm that recently sold off a lumber and building material business worth an estimated $1 billion, has acquired an aerospace and defense company. Angeles Equity announced the purchase of Lakewood, Colo.-based Primus Aerospace Inc. on June 8. The purchase is significant for Angeles Equity because it’s the […]
Moonfare targets €100m with second vintage of Buyout Portfolio
Moonfare, a digital investment platform for top-tier private markets funds, is launching a second vintage of its flagship Buyout Portfolio to build on the success of the portfolio franchise it launched in 2020. Moonfare Buyout Portfolio I, a core part of Moonfare’s efforts to put top private equity funds within reach of individual investors, closed […]
Mullins in private equity talks that could value Pimlico Plumbers at £100m
Pimlico Plumbers boss Charlie Mullins is in talks to sell off part of his company, in a move that could value the business at £100m. Mullins is in talks with private equity firms about a deal, and has hired Cavendish Corporate Finance to advise on the sale. It is understood a number of private equity […]
Carlyle Aviation Partners to buy aircraft leasing firm in $2.36 billion deal
Private equity firm Carlyle Group said on Monday an affiliate of Carlyle Aviation Partners, its aviation investment arm, will buy aircraft leasing company Fly Leasing Ltd for an enterprise value of $2.36 billion. Shareholders of Fly Leasing would get $17.05 per share in cash, valuing the company at $520 million. The price represents a premium of […]
Boston Scientific to buy surgical business of Lumenis for $1.07 bln
Boston Scientific Corp BSX.N has agreed to buy the global surgical business of privately held Lumenis Ltd for $1.07 billion in cash, as the medical device maker looks to add an array of laser systems used in treating kidney stones to its portfolio. The medical device maker said it was acquiring the business from Baring Private Equity […]
Brookfield tables formal $5.7B takeover bid for Inter Pipeline
Brookfield Infrastructure Partners L.P. is making it official, launching an unsolicited $5.7-billion bid for Inter Pipeline Ltd. The offer comes less than two weeks after Brookfield publicly floated the proposal to buy up the remaining stake in the midstream player it does not already own for $16.50 per share in cash and stock, a 23-per-cent […]
Asda: How to buy a £6.8bn supermarket for £780m
The Issa brothers have completed the deal to buy Britain’s third-largest supermarket chain. Asda was valued at £6.8bn, but the brothers and the PE-firm TDR Capital paid just £780m. The rest was borrowed. So how does this kind of deal work? And will it leave Asda with too much debt? TDR Capital, PE-firm specialised in […]
KKR seeks $15 billion for flagship North America buyout fund
KKR & Co Inc aims to attract at least $15 billion for its flagship North America private equity fund, which would make it the second largest amount raised for a fund managed by the U.S. firm, people familiar with the matter said on Thursday. Buyout firms are seeking to tap cheap and plentiful financing for […]
Exotel closes A91-led round; Mumbai Angels investors exit with bumper returns
Exotel Techcom Pvt Ltd has handed handsome returns to some of its earliest investors from angel network Mumbai Angels as the cloud telephony platform closed a new round led by venture capital firm A91 Partners that was floated by former Sequoia executives. Exotel said in a statement that some of the early Mumbai Angel investors […]
