John Laing agrees £2bn takeover deal
John Laing is set to be snapped up by private equity giant KKR in a £2 billion takeover deal. Under the terms of the bid, which has been accepted by John Laing’s board of directors, shareholders will receive 403p per share in cash, a premium of 27 per cent to the closing price on May 5, the […]
TaylorMade Golf is being acquired by a South Korean private equity firm as golf grows globally
The parent company of TaylorMade Golf, one of Carlsbad’s largest employers, has agreed to sell the well-known golf equipment maker to South Korean private equity firm Centroid Investment Partners for an undisclosed price. KPS Capital Partners of New York said last week that it had reached an agreement to sell TaylorMade. It acquired the company […]
Kohlberg & Company Acquires DecoPac from Snow Phipps Group, LLC
DecoPac, Inc. (“DecoPac”), the world’s largest supplier of cake decorations and related products to professional cake decorators and bakeries, announced today that it has been acquired by Kohlberg & Company, L.L.C. (“Kohlberg”), a private equity firm headquartered in Mount Kisco, NY, from Snow Phipps Group, LLC (“Snow Phipps”). Headquartered in Anoka, Minnesota, DecoPac supplies cake-decorating […]
Compliance software Fenergo reaches unicorn status with $600 million private equity sale
Private equity groups Astorg and Bridgepoint acquired majority stakes of Fenergo in a $600 million deal, giving it a $1.165 billion valuation, per The Irish Times. Fenergo offers regulatory compliance software to help financial institutions (FIs) remove friction from the digital client onboarding process while complying with know-your-customer (KYC) and anti-money laundering (AML) requirements. The acquisition […]
Cinven to sell Chryso to Saint-Gobain
International private equity firm Cinven is to sell Chryso, a provider of specialty chemicals for the construction industry, to Saint-Gobain, a specialist in the building materials sector. Headquartered in France, Chryso is a leading global manufacturer of concrete admixtures and cement additives, as well as construction systems. Chryso provides value-added technology and chemistry expertise to […]
JPMorgan Launches New Venture to Again Grapple With Health Care
JPMorgan Chase & Co. is taking another shot at trying to make health care less expensive for companies and better for workers in the U.S. The largest U.S. bank is launching a business called Morgan Health aimed at improving employee benefits and promoting health equity, first for JPMorgan’s workers and then for other large companies. […]
Lightyear Capital, Oak HC/FT and Greater Sum Ventures Close on Sale of Therapy Brands to KKR
Lightyear Capital LLC (“Lightyear”), Oak HC/FT and Greater Sum Ventures (“GSV”) today announced that investment funds affiliated with Lightyear, Oak HC/FT and GSV have completed the sale of Therapy Brands to KKR. Financial terms were not disclosed. Funds affiliated with Lightyear and Oak HC/FT acquired a majority stake in Therapy Brands in July 2018. Therapy […]
KKR Nears $3 Bln Deal To Buy ERM Group : Report
KKR & Co Inc. (KKR) is nearing a deal to buy ERM Group Inc. from its Canadian owners in a deal that potentially values the consultancy at as much as $3 billion, Bloomberg reported citing people familiar with the matter. According to the report. KKR is set to beat out rival bidders in a formal […]
Fund administration business Sanne rejects £1.35bn Cinven offer
Private equity group Cinven confirmed on Friday that it made a £1.35bn offer for Sanne, a fund administration business that provides alternative asset and corporate services, which it said was subsequently rejected. The cash offer of 830 pence per Sanne share was made on May 4 and was rejected by the target on Wednesday, Cinven […]
Graphic Packaging Holding Company to acquire AR Packaging from CVC Funds for USD1.45bn in cash
Graphic Packaging Holding Company, (Graphic Packaging), a vertically-integrated provider of sustainable fibre-based consumer packaging solutions, is to acquire AR Packaging Group AB (AR Packaging), Europe’s second largest producer of fibre-based consumer packaging, from CVC Capital Partners Fund VI for approximately USD1.45 billion in cash, subject to customary adjustments. The combination enhances Graphic Packaging’s global scale, […]
