UK private equity deals soared 257 per cent last year
The number of UK listed companies taken private by private equity firms jumped from seven to 25 in private equity boom year. The total value of UK listed companies taken private by private equity firms increased from £2.3bn to £21.1bn in 12 months to 30 September 2020, research compiled by BDO has found. The audit […]
Bain Turns to Riskiest of Junk Bonds for Fast Payout After Deal
New PIK note for US LBM will fund dividend to buyout firm. High-yield bond issuance on pace for a record January. Bain Capital is pulling cash out of a building products company it acquired less than two months ago by seizing on a hot junk-debt market that has seen investors pile into new offerings. The […]
New Century Hotel Gets Take-Private Offer From PE-Led Group
Sequoia China, Ocean Link plan to offer HK$1.51 billion in bid. Deal values New Century Hotel at about HK$5.2 billion. A consortium led by buyout firms has offered to take Zhejiang New Century Hotel Management Co. private in a deal that would value the hotel chain operator at about HK$5.2 billion ($670 million). Ocean Link […]
Buyout firm TPG in lead for stake in AT&T’s DirecTV
Private equity firm TPG has entered into exclusive talks to acquire a minority stake in AT&T Inc’s satellite TV division, DirecTV, in a deal that would allow the U.S. wireless carrier to trim its net debt of close to $150 billion, people familiar with the matter said on Friday. The exact price TPG is willing […]
Can Private Equity Make an Exit in Time?
Hitachi is one case of a conglomerate looking to shed a losing business. But Covid-19 clouds the strategies for potential investors. Private equity firms are circling Japan Inc., looking to carve out parts of large, cumbersome conglomerates. Enticing as the targets are, turning them into returns could be tough. Buyout funds have eyed Japan for […]
Apollo Talks to Acquire Orbia’s Vinyl Business Collapse
Apollo Global Management Inc.’s talks to acquire the vinyl business of Orbia Advance Corporation SAB de CV, the conglomerate formerly known as Mexichem, have collapsed, according to people with knowledge of the matter. The New York-based private equity firm was nearing an agreement valuing the unit at $2 billion or more before Orbia’s controlling family […]
Francisco Partners acquires Native Instruments
EMH Partners, and the Founding Shareholders of Native Instruments, are to to sell a majority of their shares in Native Instruments Holding, the Berlin-based specialist in digital music creation software and hardware, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses. As part of the transaction EMH Partners, members of […]
US fund Great Hill in talks to buy Notonthehighstreet
A backer of Wayfair is in advanced talks to buy one of the UK’s best-known online retailers. A US-based investment firm is in advanced talks to buy Notonthehighstreet, the British-based online personalised gifts retailer. Sky News has learnt that Great Hill Partners, which has backed companies including the home furnishings site Wayfair and Momondo, the […]
Shiseido Is In Talks to Sell Personal-Care Business to CVC
Beauty products maker seeking to offload non-core assets. Focus shifts to premium brands as pandemic dents sales. Shiseido Co. is in advanced talks to sell its shampoo and affordable skincare business to CVC Capital Partners for 150 billion to 200 billion yen ($1.45 billion-$1.9 billion), as the Japanese cosmetics maker shifts its focus to premium […]
Investcorp acquires leading SaaS based e-commerce solutions provider, Unilog
Investcorp today announced that it has entered into an agreement to acquire Unilog, a leading Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the United States. Investcorp’s capital backing is expected to support further platform innovation and customer acquisition. Terms of the transaction were not disclosed. Unilog […]
