The Biggest Firms In Private Equity Are Clubbing Up Once Again
In 2004, more than 40% of all buyouts in the U.S. (excluding add-ons) were club deals—transactions where two or more firms team up to buy a company. By 2018, that figure had fallen to 20%, according to PitchBook data. More recently, though, there has been chatter that club deals could be on the verge of […]
Australia’s Star makes $7 billion play for Crown, taking on private equity giants
Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), vying with two private equity giants for control of the troubled target. No. 2 casino player Star said it was proposing to give 2.68 of its shares for each […]
Avatar startup Genies scores $65 million in funding round led by Mary Meeker’s Bond
Over the past several years I’ve covered my fair share of upstart avatar companies that were all chasing the same dream — building out a customizable platform for a digital persona that gained wide adoption across games and digital spaces. Few of those startups I’ve covered in the past are still around. But by netting […]
Affiliate of Blackstreet Capital Holdings, LLC Acquires Red Apple Stores Inc.
An affiliate of Blackstreet Capital Holdings, LLC (“BCH”) has acquired Red Apple Stores Inc. (“Red Apple” or the “Company”). Operating 142 stores under the “Red Apple” and “The Bargain! Shop” banners, Red Apple is Canada’s favourite small-town general merchandise retailer, offering big brands and big savings to its Customers. BCH is led by Murry Gunty, […]
KKR Acquisition Holdings I Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing May 7, 2021
KKR Acquisition Holdings I Corp. (NYSE: KAHC.U) (the “Company”) announced that, commencing May 7, 2021, holders of the units sold in the Company’s initial public offering of 138,000,000 units, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to […]
Par Equity increases stake in tech firm, Datactics
Par Equity has led an investment of GBP2 million in data management specialist Datactics. Belfast-based Datactics provides software and services to large organisations that need to improve and control the quality of the data held in their computer systems. The AI-enabled platform allows staff who are not IT experts to efficiently deduplicate, clean-up and enrich […]
Private equity firm agrees to acquire At Home Group in $2.8B deal
Hellman & Friedman purchases retailer for $2.8 billion Hellman & Friedman, a global private equity firm, has entered into a definitive agreement to acquire At Home Group Inc., the home décor superstore, for an all-cash transaction valued at $2.8 billion. “As we enter the next chapter for our company, Hellman & Friedman is the ideal […]
Park Square Capital raises EUR2.2bn for fourth subordinated debt fund
Park Square Capital (Park Square) has held the final closing of its fourth subordinated debt fund, resulting in total investable capital of EUR2.2 billion. Park Square Capital Partners IV and related vehicles (PSCP IV) raised EUR1.8 billion of equity commitments, exceeding its target of EUR1.5 billion. Including committed leverage, the strategy’s total investable capital is […]
InvestCloud acquires Advicent and the NaviPlan platform
InvestCloud, a specialist in cloud-based financial digital solutions, has acquired Advicent, a cash flow, trust and tax financial planning provider. Advicent, a Vista Equity Partners portfolio company, provides financial planning technology for over 140,000 financial professionals across nearly 3,000 firms worldwide. Through its NaviPlan platform, Advicent creates scalable financial planning software through industry-leading APIs as […]
Bain Capital Private Equity to buy Dessert Holdings
Bain Capital Private Equity has agreed to acquire Dessert Holdings, a North American premium dessert company, from its owner of five years Gryphon Investors. The deal – which was made for an undisclosed sum – will enable Dessert Holdings to accelerate its growth and expansion. Based in Minnesota, Dessert Holdings manufactures a range of desserts […]
