Blackstone-backed waste company Beauparc in takeover talks
Blackstone looking to sell its stake in Beauparc, which owns Panda and Greens. The largest waste company in the Republic of Ireland, Beauparc Utilities, has attracted takeover approaches from dozens of private equity firms after its minority shareholder, Blackstone, set about putting its stake on the market late last year, according to sources. The approaches […]
Citrix Is in Talks to Buy Vista’s Wrike for $2 Billion-Plus
Deal for work-management platform could be reached this week. Vista invested in Wrike at an $800 million valuation in 2018. Citrix Systems Inc. is in advanced talks to buy the work-management platform company Wrike Inc. for more than $2 billion, according to people familiar with the matter. A deal for Wrike, owned by the technology-focused […]
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 […]
CVC Growth Fund exits Kount in USD640 million deal
CVC Capital Partners’ (CVC) CVC Growth Fund is to sell Kount Inc (Kount), a provider of Artificial Intelligence (AI)- driven fraud prevention and digital identity solutions, to global data and analytics company Equifax in a deal valued at USD640 million. The transaction, which is expected to close in the first quarter of 2021, and is […]
Blackstone in talks to buy Butlin’s owner Bourne Leisure
Private equity group makes bets on UK groups in industries hit hard by pandemic. Blackstone is in talks to buy Bourne Leisure, which runs the Butlin’s and Haven holiday parks, in a deal that could value the business at about £3bn, two people familiar with the matter said. The deal would see the US private […]
AA Shareholders Approve $3.8 Billion Private Equity Buyout
AA Plc’s shareholders approved a takeover of the roadside assistance provider after the private equity suitors overcame opposition from a major investor. The deal was cleared by investors holding 88.6% of the shares voted at a meeting Thursday, AA said in a statement. The offer from Warburg Pincus and TowerBrook Capital Partners values London-listed AA […]
FC Inter Milan owners in talks over private equity sale
BC Partners and EQT among groups vying for some or all of Suning’s majority holding in Italian club valued at up to €900m. Italian football club Inter Milan is in talks over a sale to buyout groups including BC Partners and EQT, as private equity looks to extend holdings in football during a financial crisis caused by the coronavirus pandemic. Suning Holdings, the […]
SilverTree Equity acquires Orbus Software
Orbus Software, a provider of Enterprise Architecture software, has been acquired by SilverTree Equity, a private equity firm focused on software and technology businesses. Headquartered in London with offices in New York and Sydney, Orbus Software helps organisations blueprint their changing strategic and IT landscapes to manage successful digital transformation journeys, including shifting to cloud […]
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 […]
Growth Catalyst Partners acquires Equine Network
Growth Catalyst Partners (GCP), a middle market private equity firm, has acquired The Equine Network in a corporate carve-out from Active Interest Media. Equine Network is a provider of proprietary sports content, information, and tech-enabled services to the USD130 billion US equine industry. Terms of the transaction have not been disclosed. GCP partnering with Equine […]
