Mister Car Wash aims for over $5 bln valuation in U.S. IPO
Mister Car Wash Inc is looking to raise as much as $638 million through a U.S. initial public offering, targeting a valuation of more than $5 billion, a regulatory filing on Thursday showed. The Tucson, Arizona-based company is offering 37.5 million shares priced between $15 and $17 per share. It has applied to list its […]
EQT Private Equity invests in Parcel2Go
EQT Private Equity (EQT) has acquired a stake in Parcel2Go, a UK largest parcel delivery marketplace and e-commerce shipping platform, from Mayfair Equity Partners (Mayfair), management and certain selling shareholders. Founded over 20 years ago and headquartered in Bolton, Parcel2Go has grown to be the category leader, providing marketplace services to all major UK carriers, […]
At Home accepts Hellman & Friedman’s sweetened $2.43 billion offer
At Home Group Inc said on Wednesday it had accepted a sweetened buyout offer of $2.43 billion from Hellman & Friedman, weeks after an earlier bid from the private-equity firm faced opposition from its largest shareholder, and hedge fund Honest Capital. The home-decor chain said the new offer of $37 per share represented a premium […]
Blackstone strikes $3bn deal for office developer Soho China
Blackstone has agreed to buy property developer Soho China for about $3bn, marking the US private equity group’s biggest bet so far on a Chinese real estate market now recovering from the pandemic. The buyout firm has offered HK$5 a share for a majority stake in Hong Kong-listed Soho China, whose developments are focused on […]
PayCargo Secures USD125 Million Series B Investment By Insight Partners
Freight payment platform PayCargo has announced a USD125 million Series B investment by global venture capital and private equity firm Insight Partners. This year, PayCargo is on track to process USD10 billion of freight-related payments, a 250% increase from 2020. PayCargo is the largest independent freight payments network of its kind with over 67,000 active users remitting and receiving […]
General Atlantic leads USD100m investment in Fresha
Fresha, a beauty and wellness software platform, has secured USD100 million in a Series C investment round led by General Atlantic, a global growth equity firm, with strategic participation from Huda Kattan of HB Investments and the founder of Huda Beauty, as well as Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group, […]
Audax Private Debt provides financing for MSouth Equity Partners
Audax Private Debt, as Administrative Agent and Sole Lead Arranger, has provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centres (Summit) by MSouth Equity Partners (MSouth), an Atlanta-based private equity firm. Based in Lawrenceville, GA, Summit is an operator of ambulatory surgery centers and pain management clinics in the […]
Online grocery retailer Boxed to go public via $900 million SPAC deal
Online bulk grocery retailer Boxed Inc said on Monday it would go public through a merger with blank-check firm Seven Oaks Acquisition Corp, in a deal valuing the equity of the combined firm at around $900 million. The transaction is expected to provide Boxed with about $334 million in net cash proceeds, including a $120 […]
M&G blasts UDG private equity deal
M&G Investments, the £367bn asset manager, has blasted plans to sell London-listed UDG Healthcare to buyout firm Clayton, Dubilier & Rice, the latest in a series of criticisms of private equity deals by big fund managers. Shareholders are due to vote in June on the £2.8bn all-cash offer to sell UDG, which provides clinical, commercial, communication […]
Riverside to sell Greenphire to Thoma Bravo
The Riverside Company, a global private investor focused on the smaller end of the middle market, has signed a definitive agreement to sell Greenphire, a specialist in financial lifecycle management software for clinical trials, to Thoma Bravo, a software focused private equity firm. The pending transaction is expected to close in the second quarter of […]
