Ingram Micro Finalizes $7.2B Acquisition By Platinum Equity
Ingram Micro has officially closed its $7.2 billion acquisition by private equity powerhouse Platinum Equity in a blockbuster deal that frees the distributor from financially troubled Chinese conglomerate HNA Group. The deal–which was expected to be finalized by the second quarter of 2021–took seven months to complete. Platinum Equity Chairman and CEO Tom Gores said in a […]
Aéropostale, Sports Illustrated owner files for U.S. IPO
Authentic Brands Group Inc on Tuesday filed for a U.S. initial public offering following a year that saw the parent of apparel chain Aéropostale and Sports Illustrated magazine post strong earnings growth. In a regulatory filing, Authentic Brands listed asset manager BlackRock Inc (BLK.N), U.S. private equity firm General Atlantic LLC and mall owner Simon Property […]
Private equity breaks 40-year record with $500bn of deals
Private equity firms have had their busiest six months since records began four decades ago, striking deals worth more than $500bn and helping to propel global mergers and acquisitions activity to an all-time high. Buyout groups have announced 6,298 deals since the beginning of January, worth $513bn even before counting a $34bn megadeal for the […]
One Rock Capital Partners completes investment in Archkey Solutions
An affiliate of One Rock Capital Partners (One Rock) has successfully completed a previously announced investment in ArchKey Solutions (ArchKey), a North American electrical and technologies contracting and services provider, alongside the Company’s management team. One Rock’s stake in ArchKey was acquired from funds managed by the GFI Energy Group of Oaktree Capital Management, LP […]
Verizon Media Marketing $1.5 Billion of Loans to Fund Apollo LBO
Verizon Communications Inc.’s media division is tapping the U.S. leveraged loan market to fund its $5 billion leveraged buyout by Apollo Global Management Inc. The two new loans, which have a tenor of six years, are sized at $750 million apiece, according to a person with knowledge of the matter. One portion is a so-called “high-yield style term loan […]
TA Associates launches Revalize cloud-software platform for manufacturers
TA Associates, has formed a new cloud-based platform called Revalize. With over 8,000 customers today, Revalize empowers manufacturers to elevate buying experiences, accelerate sales cycles, and streamline manufacturing through purpose-built software. The company offers a full suite of specialised, mission-critical software solutions built to simplify customer processes and reduce friction throughout the entire revenue operations […]
Vista Equity Partners Invests in Schoox
Vista Equity Partners, has made an investment in Schoox, a learning and talent development platform. “Schoox aligned around a crucial insight that learning and development needs to be more tailored, flexible and tech-powered to help workers in our evolving global economy adapt, from office workers in a hybrid environment to frontline employees navigating a new […]
Israel’s ironSource trades in New York after $11 billion SPAC merger
Israeli mobile adtech firm ironSource went public on the New York Stock Exchange on Tuesday after closing its merger with a blank-check company backed by U.S. private equity firm Thoma Bravo. The public debut comes three months after the announcement of the merger with Thoma Bravo Advantage, a special purpose acquisition company (SPAC), and marks […]
CVC Capital Partners VIII to invest in Rayner
CVC Capital Partners VIII has agreed to acquire a majority interest in Rayner, the global ophthalmology business from Phoenix Equity Partners, the UK growth-focused private equity firm, for an undisclosed amount. Rayner is a manufacturer and developer of innovative intraocular lenses (IOLs) and associated pharmaceuticals. The Company’s products deliver sight-restorative implants and treatments to patients […]
Blackstone to Invest in Simpli.fi, Values Firm at $1.5 Billion
Blackstone Group Inc. said it’s taking a “significant” stake in Simpli.fi, an investment that values the advertising technology platform at about $1.5 billion. The investment will give Blackstone and GTCR, which acquired a majority interest in the company four years ago, joint control of the Fort Worth, Texas-based company. The two private equity firms will also have […]
