Sydney Airport rejects $17bn bid as investors target infrastructure
Sydney Airport has rejected a $17bn takeover offer from a consortium of investors as it told shareholders it was set to capitalise on a rebound in air travel, underscoring a surge in interest in Australia’s infrastructure assets. The rejection of the takeover approach, one of the largest in Australian history, comes despite the country being […]
Smiths Group mulling £2bn offer from US private equity firm for medical division
Smiths Group PLC, has received a £2.0bn takeover offer from US private equity firm TA Associates for its medical division, according to reports. Talks are understood to be at an advanced stage, the Mail on Sunday reported, citing “City sources”, although a price has yet to be agreed. Earlier in the year, the two groups failed to […]
Apex Group Purchases Fund Manager Mola-Administration
Apex Group Ltd., a global financial services provider, has acquired Mola-Administration GmbH, a German fund administrators. This strategic acquisition is part of the Group’s efforts to expand a local presence in Germany. Mola-Administration serves a range of clients, with a 10-year track record of providing fund administration services to private equity firms, venture capital, debt, special […]
Thoma Bravo to take Stamps.com private for $6 bln,
Stamps.com said on Friday private equity firm Thoma Bravo would take the e-commerce shipping solutions provider private for about $6 billion in cash, sending its shares nearly 64% higher. Stamps.com shareholders will receive $330 per share, according to the agreement, representing a premium of about 67% to the stock’s close on Thursday. The deal, expected […]
Lone Star Said to Near $2 Billion Deal for CVC Chemical Firm AOC
Private equity firm Lone Star Funds is nearing an agreement to acquire chemical producer AOC from CVC Capital Partners, people familiar with the matter said. The deal to buy the composite resins business for more than $2 billion could be announced in the coming days, said the people, asking not to be identified because the information is private. Lone Star […]
IronSource’s $11.1 Billion SPAC Merger Is A Culture
About 11 years after it was founded, Tel Aviv-based platform for the App Economy, ironSource, began trading on the NYSE at an $11.1 billion valuation after merging with a special purpose acquisition company (SPAC), reported Reuters. IronSource raised $2.5 billion — including a $1.3 billion private investment in public equity (PIPE) — when it merged June […]
Warburg Pincus and Tilia Holdings invest in Food Safety Net Services
Warburg Pincus has invested in Food Safety Net Services (FSNS), a provider of laboratory testing services for customers in the food & beverage end-markets. The company serves a broad range of product categories within the broader food & beverage sector (eg, meat, dairy, produce, dietary supplements, pet food, nutraceuticals, restaurant, ready-to-eat). Terms of the transaction […]
Stamps.com Agrees to Thoma Bravo Buyout in $6.6 Billion Deal
Stamps.com Inc., the online postage company, has agreed to be acquired for $6.6 billion in cash by private equity firm Thoma Bravo. The purchase price of $330 a share is a 67% premium to Stamps.com’s Thursday closing price, the companies said in a statement Friday. The stock had stalled so far this year, with a 0.8% gain, but […]
KKR Acquires Neighborly from Harvest Partners
KKR, a global investment firm, has agreed to acquire Neighborly, a provider and franchisor of home service brands, from Harvest Partners. Financial details of the transaction were not disclosed. Through a portfolio of 28 brands, the company offers an array of services including plumbing, pest control, restoration, electrical, cleaning, HVAC, home inspection and many more. Mike Bidwell, […]
Sweden’s Vitrolife to buy Igenomix in EUR 1.25 billion deal
Swedish medical technology group Vitrolife said on Thursday it would buy reproductive genetic testing services provider Igenomix S.L. in a deal worth 1.25 billion euros ($1.48 billion) on a cash and debt free basis. The deal with private equity group EQT and other shareholders would be financed through a mix of shares issued to the […]
