Blackstone to Buy Data-Center Operator QTS for 21% Premium
Blackstone Group Inc. has agreed to acquire data-center operator QTS Realty Trust Inc. in a deal valued at roughly $10 billion. Blackstone Infrastructure Partners and BREIT, the private equity firm’s nontraded real estate investment trust, have agreed to pay $78 a share for QTS, according to a statement Monday. The price represents a 21% premium […]
Australia’s Hansen Technologies gets $1 billion offer from BGH Capital, shares jump
Hansen Technologies on Monday received a conditional and non-binding buyout proposal from private equity firm BGH Capital in a deal that values the billing solutions provider at A$1.3 billion ($1 billion), sending its shares to a record high. BGH’s offer of A$6.50 in cash per share represents a premium of 25.5% to the company’s last […]
CVC Capital Partners is in talks to merge ATP and WTA tours
CVC Capital Partners owned F1 between 2006 and 2017, when it was taken over by Liberty Media; the company, which is a world leader in private equity and credit, eyes unifying ATP and WTA’s commercial activities under the name One Tennis, in which CVC would hold a minority interest The former owner of Formula One […]
Seattle cybersecurity startup ExtraHop to be acquired by private equity firms in $900M deal
Private equity firms Bain Capital and Crosspoint Capital will acquire cybersecurity startup ExtraHop for $900 million. It’s one of the largest acquisitions of a Seattle-area tech startup to date, and comes amid heightened cybersecurity concerns across industries. ExtraHop uses machine learning to help companies prevent, detect, and eliminate threats on their networks, operating in a […]
Carlyle predicts surge in post-pandemic deals in Japan
Carlyle’s head of Japanese operations predicts a surge in private equity trading. Business environment after the new corona Also, as the pressure on companies to achieve carbon neutrality increases, a wave of acquisitions and spin-offs will rush. In an interview with the Financial Times, Kazuhiro Yamada said the pandemic accelerated the sale of assets and […]
Foresight holds interim close of FEIP with commitments of EUR716m
Foresight Group Holdings Limited (Foresight), a an infrastructure and private equity manager, has held a further interim close for Foresight Energy Infrastructure Partners (FEIP), a sustainability-led energy infrastructure fund investing predominantly in Europe, with commitments of cEUR716 million. Including co-investments to date of EUR170 million, this represents a total capital pool of cEUR886 million for […]
JP Morgan Asset Management launches Growth Equity Platform
JP Morgan Asset Management has launched JP Morgan Private Capital, which includes a new growth equity investment arm and an existing private debt business, committed to providing customised solutions for early and growth stage companies across the capital structure. The group will be focused on institutional and high-net-worth clients and will also have the ability […]
Private Equity Pushes Deeper Into Cybersecurity As Ransomware Attacks Ramp Up
In early May, a cyberattack at Colonial Pipeline prompted chaotic gas shortages up and down the East Coast. This week, a similar hack wreaked havoc on the operations of JBS, one of the world’s largest meat processors. Both were examples of the rapidly growing trend of ransomware—virtual attacks where criminals hold a company’s systems hostage […]
Medline’s $30 Billion LBO Is Latest Megadeal Marrying World’s Richest And Private Equity Giants
When the families behind some of the world’s biggest fortunes decide change is needed in their business empires, they’re increasingly turning to large private equity giants. On Saturday, Illinois-based Medline Industries, a family-owned maker of medical equipment like masks, surgical gowns, drapes, sanitizing products and biohazard bags, sold itself for about $30 billion to a […]
Alterna Equity Partners Announces Launch of Inaugural Private Equity Fund
Alterna Equity Partners (“AEP” or “the Firm”), a South Florida-based private equity firm, today announced the launch of its firm. AEP focuses on control and non-control investments in lower middle market companies in the United States. The strategy will build upon the principals’ experience investing in lower middle market founder- and family-owned businesses, targeting companies […]
