Clearlake & TA Associates-Backed Precisely to Acquire Winshuttle
Precisely, the global leader in data integrity software, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates, today announced a definitive agreement to acquire process automation and master data management software provider Winshuttle from Symphony Technology Group (“STG”). The announcement follows the completion of Precisely’s acquisition of data governance software provider Infogix […]
Carlyle arm CA Rover Holdings sells 5.1% stake worth $650m in India’s SBI Card
CA Rover Holdings, an arm of private equity giant Carlyle, on Friday sold 48 million shares or 5.1% stake in SBI Cards and Payment Services for ₹4,811 crore ($650M) in a bulk deal. According to the data available on the exchanges, CA Rover Holdings sold 37.42 million shares of SBI Card at an average price […]
Ackman’s Spac buys 10% of Universal Music for $4bn
A blank-cheque company backed by hedge fund billionaire Bill Ackman is to buy a 10 per cent stake in Universal Music Group, Taylor Swift’s label, for $4bn, it confirmed on Sunday. As part of the transaction, a first of its kind for a special acquisition company, Pershing Square Tontine Holdings, Ackman’s investment vehicle, will distribute […]
Dubin Clark’s AWHAP acquires Temperature Control
Affordable Water Heaters and Plumbing (AWHAP), a portfolio company of private equity firm Dubin Clark, has completed the acquisition of Temperature Control, Inc. Financial terms of the transaction have not been disclosed. AWHAP, headquartered in Valencia, California, is a leading in-home provider of water heater and plumbing services, including same-day water heater replacement, repair and […]
EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco
EIG,a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (“Aramco”), under which a consortium of investors acquired a 49% equity stake in Aramco Oil Pipelines Company (“Aramco Oil Pipelines”), a newly formed entity with rights […]
U.K. Grocer Morrison Rejects $7.6 Billion Proposal From CD&R
Wm Morrison Supermarkets Plc rejected as undervalued an unsolicited proposal from U.S. buyout firm Clayton Dubilier & Rice LLC that valued the U.K. grocery chain at about 5.5 billion pounds ($7.6 billion). Morrison received a proposed cash offer at 230 pence a share on June 14 and rejected it three days later after discussions with its adviser Rothschild […]
TA Associates makes strategic growth Investment in Apex Group in partnership with Genstar Capital and Peter Hughes
TA Associates, a global growth private equity firm, has made a significant minority investment in global financial services provider Apex Group Ltd (Apex). Apex is majority-owned by Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries. The investment reinforces Apex’s strength as a […]
HSBC takes $3bn hit to exit French retail business
HSBC is taking a $3bn hit to exit its French retail banking network, selling the business to US private equity group Cerberus. The sale for a token €1 follows protracted negotiations with Cerberus, which is buying HSBC’s 244 branches and 800,000 customers in France through its subsidiary MyMoneyGroup, a consumer lending group. The deal is […]
Goldman-backed SPAC to take Mirion Tech public in $2.6 bln deal
Radiation detection provider Mirion Technologies Inc said on Thursday it will go public through a merger with a Goldman Sachs Group Inc (GS.N)-backed special purpose acquisition company, in a deal that values the combined entity at $2.6 billion. The deal with GS Acquisition Holdings Corp II will be supported by a private investment in public equity […]
Clearlake Capital to acquire Confluence from TA Associates
Clearlake Capital Group is to acquire Confluence Technologies (Confluence), a global software and data solutions provider helping the investment management industry solve complex data challenges, from TA Associates (TA). Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Mark Evans, CEO of Confluence, will continue […]
