Leading InsurTech Company TypTap Raises $100 Million from Centerbridge
HCI Group, Inc. (NYSE: HCI) subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million. TypTap is an InsurTech company. Its rapidly growing, technology driven […]
NH Investment finances Carlyle’s $2 bn deal to buy Siemens mechanical drives unit
NH Investment & Securities Co., a brokerage unit of South Korea’s NongHyup Financial Group, has joined the financing syndicate behind Carlyle Group Inc.’s 2-billion-euro ($2.4 billion) deal to buy Siemens AG’s mechanical and electrical drives unit and expects a return of 5 percent per annum. The Korean brokerage pooled about 300 billion won ($267.9 million) […]
TSG and Clearent Merge to Form Xplor,a Global Platform Integrating Software
New company to serve five fast-growing verticals spanning everyday life activities. Transaction combines two Advent International portfolio companies. Clearent, a full-service, integrated payment solutions provider based in the United States and Transaction Services Group (TSG), a global provider of business management software and integrated payments for the subscription economy, today announced that they have entered […]
Malaysian pension fund launches $600 million fund managed by BlackRock
Malaysia’s Employees Provident Fund (EPF) has launched the world’s first and largest syariah private equity direct or co-investment separate managed account fund, with an allocation of $600 million, it said on Friday. The pension fund said in a statement the fund will have three separate managed accounts of $200 million each to be managed by […]
CCI nod for Blackstone’s acquisition of Piramal Glass
The Competition Commission of India (CCI) has approved the Blackstone Group Inc’s deal to acquire Piramal Glass, which is a unit of the billionaire Ajay Piramal-led Piramal Group. At an enterprise valuation of about $ 1 billion, this deal is the largest ever transaction for a packaging company in India. Piramal Glass designs and manufactures […]
LVMH-Backed L Catterton Nears Deal to Acquire Birkenstock
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is nearing an agreement to acquire iconic German sandal maker Birkenstock, people with knowledge of the matter said. The investment firm and the family behind Birkenstock could announce a deal in the next week, the people said, asking not to be identified […]
Carlyle emerges as sole bidder to take over Mphasis from Blackstone
Private equity fund Carlyle Group has emerged as the sole bidder to buy Mphasis, owned by the Blackstone Group, in what would be the largest buyout in the Indian IT industry, multiple people involved with the deal said, The Economic Times reported. The offer to get Blackstone’s controlling 56.12 percent stake is believed to be at Rs […]
Francisco Partners to buy Israeli co MyHeritage
Israeli genealogy company MyHeritage has announced that private equity firm Francisco Partners has signed a definitive agreement to acquire it. No financial details were disclosed but market sources estimate that the Israeli company, which has developed DNA testing for ancestry and genetic testing through a platform with software, web and mobile products, is being acquired for $600-700 […]
Buyout Firm AIP Said to Weigh $3.5 Billion Sale of Cabinetworks
Private equity firm working with advisers to consider options. AIP first invested in the building products company in 2012. Private equity firm American Industrial Partners is considering a sale of Cabinetworks Group that could value the building products company at about $3.5 billion, according to people familiar with the matter. New York-based AIP is working […]
Foley-backed SPAC nears $7.3 billion deal with Blackstone’s Alight: sources
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group Inc, public at a valuation of $7.3 billion including debt, people familiar with the matter said on Sunday. The deal illustrates how Alight has become […]
