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 […]

KKR steps up pursuit of UK companies amid private equity buyout frenzy

KKR is expanding its operations to target more takeovers in the UK, as the record-breaking pursuit of British companies by private equity groups reignites a debate over the role of the buyout industry in the economy. KKR will set up a new team of five dealmakers to focus on buying British companies, the heads of […]

Private equity firm Novalpina Capital buys Maxbet Romania

London-based private equity firm Novalpina Capital acquired Romanian gambling operator MaxBet, the Romanian company said on Thursday. Following the transaction, the MaxBet Romania group will benefit from the expertise and experience of Novalpina Capital, which has a strong presence in multiple fields of activity, such as healthcare, B2B, software and gambling, it said in a […]

Australia’s Star makes $7 billion play for Crown, taking on private equity giants

Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), vying with two private equity giants for control of the troubled target. No. 2 casino player Star said it was proposing to give 2.68 of its shares for each […]

Australia’s AMP says Ares keen to buy unit’s $1.7 billion private markets business

Australian wealth manager AMP Ltd said on Monday that Ares Management was interested in a potential buyout of its A$2.25 billion ($1.72 billion) private markets business, nearly a month after the U.S. private equity fund withdrew its takeover bid for the parent company. Last month, Ares had withdrawn a A$6.36 billion takeover proposal for the […]

Apax Nears Deal for $1.8 Billion German Eyewear Firm Rodenstock

Apax Partners is nearing a deal to acquire German eyeglass-lens maker Rodenstock Group, people with knowledge of the matter said. The private equity firm is set to announce the purchase of Rodenstock from Compass Partners as soon as Wednesday, the people said, asking not to be identified because the information is private. The transaction could […]

Blackstone Invests in Mental Health App at $1 Billion Valuation

Blackstone Group Inc. is leading a $100 million funding round in on-demand mental-health company Ginger, accelerating a push into fast-growing technology startups. The funds will come out of the investment firm’s growth equity arm, Blackstone and Ginger said. The stake values the San Francisco-based service at about $1 billion, vaulting it to unicorn status. Demand […]

PE-Backed Insightful Science to Buy U.K.’s Dotmatics in $690 Million Deal

Insightful Science, a technology provider to the life sciences industry, has agreed to buy data management company Dotmatics Ltd. as the surge in software deals shows little sign of slowing. The combined group will generate more than $100 million in annual revenue, the companies said in a statement Monday. Financial terms were not disclosed. The […]

News Corp inks Australia Facebook deal, signalling truce after blackout

Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country, which makes News Corp the first major media outlet to strike a Facebook deal under controversial new laws that let an […]