Silver Lake raises $20 billion for buyout fund
Silver Lake said on Wednesday it had raised about $20 billion for its buyout fund, Silver Lake Partners VI, as the technology-focused private equity firm looks to focus on large-scale investments. Silver Lake, which manages about $75 billion in combined assets under management and committed capital, has recently invested in major names, including Alphabet Inc’s […]
Blackstone Sees Three Asia MD Exits in a Month
Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region. Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter […]
Pack of private equity bidders circle £400m KPMG restructuring arm
ICG and Towerbrook are among the prospective bidders for the big four auditor’s restructuring business, Sky News learns. A heavyweight pack of private equity firms is circling the big four auditor KPMG as it prepares to offload its restructuring operations in the UK. Sky News has learnt that Intermediate Capital Group (ICG) and Towerbrook Capital […]
Sunpower Group divests non-core business for 2.3b yuan in management buyout
SUNPOWER Group is divesting its manufacturing and services (M&S) business for 2.3 billion yuan (S$463.3 million), after which 1.3 billion yuan of the net proceeds will be used for a proposed special dividend amounting to 1.1627 yuan per share on a fully-diluted basis. The group announced on Thursday that it has agreed to fully sell […]
Onex acquires Falcon Investment Advisors
Onex Corporation has acquired Falcon Investment Advisors, LLC, a Boston based private credit manager, from founder Sandeep D. Alva. Financial terms were not disclosed. Onex Corporation today announced that it has acquired Falcon Investment Advisors, LLC, a leading U.S. private credit manager, to expand its established credit platform and solidify its market position in tradeable, […]
World’s Largest Technology Products Distributor Sold to Private Equity Firm in $7.2 Billion Deal
One of the world’s largest investment firms is making a splash in the technology products sector by buying the world’s largest distributor of computer and technology products. Platinum Equity announced on December 9 that it has reached an agreement to acquire Ingram Micro, a distributor of information technology products, in a deal valued at $7.2 billion. Platinum Equity is buying […]
How selling to yourself became private equity’s go-to deal
The pandemic has helped make a previously niche set of transactions more mainstream Private equity firms have a new set of buyers for their portfolio companies: themselves. Blackstone, EQT, BC Partners and Hellman & Friedman are among the buyout groups to have sold companies to funds that they control this year, or made plans to do so. […]
