Private equity investors fret over record U.S. buyout prices
Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some investors leery of whether the industry can keep delivering on promises of lucrative returns. There is evidence some investors are apprehensive. U.S. private equity fundraising dropped to $203.2 billion in 2020 from its record high […]
Manchester aviation firm Aeroco Group acquired in MBO
Aeroco Group, a Manchester-headquartered aviation firm specialising in the maintenance, repair and overhaul (MRO) of aircraft cabin and cargo components, has been acquired via a management buyout led by Chief Executive Jonathan Bird, and Managing Director Tony Lewin. As part of the change of ownership, original founder William Sheil will exit the business, having left […]
CVC Capital Partners Is Said to Near $2.6 Billion Deal for Pharma Firm Cooper
CVC Capital Partners is nearing a deal to acquire European over-the-counter drugmaker Cooper for about 2.2 billion euros ($2.6 billion), people familiar with the matter said. The private equity firm is negotiating detailed terms of an agreement with Cooper’s owner, Charterhouse Capital Partners, according to the people. CVC beat out rival suitors including a consortium […]
CoStar sweetens deal to buy real estate data group CoreLogic
Commercial property data vendor CoStar Group on Monday sweetened its offer to buy CoreLogic by adding another $450 million, hoping to seal a deal and triumph over another competing bid by private equity firms, Stone Point Capital and Insight Partners. Under the new proposal, CoreLogic shareholders would receive $6 per share in cash and 0.1019 […]
KKR, Rakuten complete share purchase in Japanese supermarket chain Seiyu from Walmart
Private equity giant KKR, and Rakuten DX Solution, a unit of the Japanese e-commerce group Rakuten, have completed their share purchases in Japanese supermarket chain Seiyu GK from Walmart. KKR now owns a 65% stake in Seiyu and Rakuten DX Solution owns 20% in the company, according to a statement. Walmart retains a 15% stake […]
UAE healthcare firm Amanat buys long-term care firm Cambridge for $232 million
Dubai-listed healthcare firm Amanat Holdings has bought long-term care firm Cambridge Medical and Rehabilitation Center for an enterprise value of $232 million from private equity firm TVM Capital Healthcare. Amanat said the deal was its first wholly owned investment in healthcare in the United Arab Emirates and was one of the biggest healthcare deals in […]
Michaels, bolstered by the pandemic craft boom, is attracting buyout interest from private equity.
Apollo Global Management and at least one other private equity firm have expressed interest in acquiring Michaels, the hobby retailer, according to two people familiar with the situation. A buyout would return the retailer to private hands after seven years as a public company. The values of the bids weren’t clear. Bolstered by a pandemic […]
TVM Capital Healthcare exits Cambridge Medical and Rehabilitation Center
TVM Capital Healthcare, a specialist healthcare private equity firm operating in emerging markets, has sold its portfolio company Cambridge Medical and Rehabilitation Center (CMRC) to UAE-based publicly traded investment company, Amanat Holdings PJSC. CMRC is a leading post-acute care and rehabilitation services provider in the MENA region. TVM Capital Healthcare has a long track record […]
Suez Sets a High Bar for Any Talks on Veolia Takeover Proposal
Suez SA set a high bar for any resumption of talks about Veolia Environnement SA’s takeover offer, after issuing yet another emphatic rejection of its rival’s proposal. Veolia’s bid of 18 euros ($21.80) per share is too low, and its commitments to workers and customers are insufficient, said Suez Chairman Philippe Varin. The French waste […]
KPMG close to £400m sale of restructuring arm
KPMG is close to selling its restructuring division to a private equity firm as part of a deal that could see a former head of Deloitte run the newly separated business. HIG Europe is in exclusive talks to buy the restructuring arm for about £400 million. If the deal completes, John Connolly, a former global […]
