Volvo Cars’ earnings top pre-pandemic levels in boost ahead of possible IPO
Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China’s Geely Holding (GEELY.UL), said on Friday it made a first-half profit of 13.24 billion […]
ExtraHop Announces Completion of Acquisition by Bain Capital Private Equity and Crosspoint Capital Partners
ExtraHop, the leader in cloud-native network detection and response, today announced the completion of its acquisition by Bain Capital Private Equity and Crosspoint Capital Partners. The transaction, first announced on June 8, 2021, valued ExtraHop at $900 million. ExtraHop is poised to accelerate momentum under new ownership and further advance its mission to help organizations […]
KKR to acquire Teaching Strategies
KKR is to acquire Teaching Strategies, a provider of curriculum, assessment and family engagement tools to the early childhood education (ECE) market, from global growth investor Summit Partners. Financial details of the transaction have not been disclosed. Teaching Strategies aims to empower and inspire early childhood educators as they support the development of our youngest […]
Audax Private Equity makes majority investment in Flashpoint
Audax Private Equity (Audax) has acquired a majority stake in Flashpoint, a specialist in actionable threat intelligence, to support its continued growth initiatives. Terms of the transaction have not been disclosed. Based in New York City, Flashpoint is a leading provider of actionable threat intelligence and intelligence automation for commercial and government customers. The Company’s […]
Archie Norman receives £1.75m fee to join board of private equity firm
Newly floated Bridgepoint will also pay M&S chairman £200,000 a year in remuneration for role The chairman of Marks & Spencer, Archie Norman, has received a fee of £1.75m to join the board of Bridgepoint, the newly floated private equity company. Bridgepoint only revealed the large payments to Norman and other new directors on Wednesday […]
PartsSource, Leading Healthcare Services Online Marketplace, to be Acquired by Bain Capital Private Equity
PartsSource, a leading online marketplace for medical equipment maintenance parts and services, today announced the signing of a definitive agreement to be acquired by Bain Capital Private Equity. The investment will help PartsSource continue to accelerate its growth trajectory, broaden its solutions portfolio, and expand its marketplace platform. PartsSource will continue to operate under its […]
Private equity firm Bridgepoint surges 21% in London debut
Shares in private equity firm Bridgepoint surged on Wednesday, their first day of trading in London, rising well above the 350 pence per share price set for the initial public offering. At 0711 GMT, Bridgepoint shares were trading at 423 pence, up 21% on the day. The 350 pence-per-share price tag gave the group an […]
Duolingo eyes over $3 billion valuation in U.S. IPO as online learning booms
Duolingo Inc said on Monday it aims to be valued as much as $3.41 billion in its U.S. initial public offering, as the language-learning app maker seeks to cash in on rapidly rising interest for online education tools during the COVID-19 pandemic. About 5.1 million shares will be offered in the IPO, priced between $85 […]
EQT Exeter Europe Logistics Value Fund IV closes at EUR2.1bn hard cap
The EQT Exeter Europe Logistics Value Fund IV (the Fund) has held its final close at its hard cap of EUR2.1 billion in fee-paying assets under management. Demand from both existing and new investors was exceptional resulting in the Fund being significantly oversubscribed with commitments coming from a diversified group of high-quality investors across North […]
Partners Group to acquire Pharmathen from BC Partners
Global private markets firm Partners Group has, on behalf of its clients, agreed to acquire Pharmathen, a European pharmaceutical company, from international investment firm BC Partners. The transaction values the Company at an enterprise value of around EUR1.6 billion. Founded in 1969, Pharmathen is a contract development and manufacturing organisation (CDMO) specialised in advanced drug […]
