Blackstone seals $6bn Home Partners deal
Private equity giant Blackstone Group has agreed to acquire Home Partners of America in a deal worth $6bn. The transaction is expected to close in the third quarter of 2021. Home Partners of America is no stranger to private equity investment, having previously received backing from KKR & Co. and BlackRock. In recent years, Home […]
J.P. Morgan Asset Management’s Acquisition of Campbell Global
J.P. Morgan Asset Management completed its acquisition of Campbell Global from BrightSphere Investment Group. The transaction is being done in an effort to directly impact the transition to a low-carbon economy and provide ESG-minded investment opportunities related to climate, conservation and biodiversity. Campbell Global is a Forest Management and Timberland Investing company. The transaction is expected to close in the third […]
Cinven to create pet care platform in Italy through combination of Arcaplanet and Maxi Zoo Italia
Cinven, has signed an agreement to acquire a majority stake in Arcaplanet, a pet care retail chain in Italy, from funds advised by Permira and Winch Capital Partners. As part of the transaction, Cinven and Arcaplanet will jointly acquire Maxi Zoo Italia, the third largest pet care operator in the Italian market, and a subsidiary […]
Rockwell Buys Plex for $2.22 Billion in Industrial-Cloud Deal
Rockwell Automation Inc. is acquiring closely held Plex Systems for $2.22 billion in cash to boost its offering of cloud services to customers ranging from automakers to warehousing and logistics firms. The acquisition will be financed with a combination of cash and debt and is expected to close in the quarter ending in September, Rockwell said Friday in […]
Warburg Is Said to Mull Possible $4 Billion Duravant Sale
Warburg Pincus, one of the world’s largest private equity firms, is considering options including a sale that could value food processing and packaging equipment company Duravant at more than $4 billion, according to people with knowledge of the matter. The New York-based private equity firm has held preliminary talks with advisers about running an auction for Duravant […]
VW makes pricey joyride with Europcar bid
Herbert Diess is struggling to stay in his lane. While the Volkswagen boss is facing soft sales in China, Paris-listed Europcar Mobility has rejected a 2.2 billion euro offer, Bloomberg reported on Wednesday. VW was last circling around the car rental firm a year ago, before the indebted company’s hedge fund-backed restructuring. There may be […]
Kuwait’s $134 billion pension fund has record gain in turnaround
Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse despite political deadlock in the country. The $134 billion pension fund, which owns a quarter of U.S. private equity firm Stone Point Capital, recorded 20.9% growth in assets in the year ended March 31, according to […]
Autonomous trucking startup Embark to go public in $5.2B SPAC deal
Five-year old self-driving truck startup Embark Trucks Inc. said Wednesday it would merge with special purpose acquisition company Northern Genesis Acquisition Corp. II in a deal valued at $5.2 billion. Embark takes a different approach to autonomous trucking: As opposed to manufacturing and operating a fleet of trucks themselves, which is the route rival TuSimple is […]
Senior rejects Lone Star’s £840m takeover offer
Senior, the aerospace and defence group, has rejected a final takeover offer from US private equity firm Lone Star Global Acquisitions, describing it as “highly opportunistic”. Lone Star’s investment vehicle, LSF XI Investments, on Monday raised its proposed offer for the UK group to £840m. It said it had offered a fifth and final proposal […]
FinTech Acquisition Corp. IV Announces Stockholders Approve Business Combination With Perella Weinberg Partners
FinTech Acquisition Corp. IV (“FinTech IV” or “FTIV”), a special purpose acquisition company, announced that in a special meeting held today, its stockholders voted to approve the previously announced proposed business combination (the “Business Combination”) with Perella Weinberg Partners (“PWP”), a leading global independent advisory firm. Approximately 99.9% of the votes cast at the meeting, […]
