SoftBank-backed sports retailer Fanatics valued at $18 billion in capital raise
Fanatics, the world’s biggest licensed sports merchandise retailer, has raised $325 million from new and existing investors in a funding round that valued the company at $18 billion, a person familiar with the matter said on Tuesday. Current backers SoftBank and Silver Lake, as well as new investors such as Jay Z, participated in the […]
Goldman to lend 1 billion euros to CVC for LaLiga deal
Goldman Sachs will contribute a 1 billion euro syndicated ($1.17 billion) loan to private equity firm CVC’s planned 2.7 bln euro investment in Spain’s top football league, LaLiga, two sources familiar with the matter said on Wednesday. Online newspaper El Confidencial first reported Goldman’s involvement in the proposed deal, which is due to be voted […]
Buyout firm EnCap Investments agrees $1.5 bln purchase of EP Energy
Private equity firm EnCap Investments has agreed to acquire EP Energy for $1.5 billion, people familiar with the matter said, less than a year after the oil and gas producer emerged from a bankruptcy process that handed control to its creditors. EnCap plans to split EP, which holds production assets in South Texas and Northeastern […]
Carlyle-Backed Madero Said to Seek $1.3 Billion Valuation in IPO
Madero Industria e Comercio SA, a Brazilian restaurant chain backed by private equity firm Carlyle Group Inc., is seeking to be valued at about 7 billion reais ($1.3 billion) in its initial public offering, according to people familiar with the matter. The Ponta Grossa, Parana-based company plans to raise about 1.2 billion reais with the […]
Warburg Pincus makes A-LIGN investment
Warburg Pincus has made a strategic investment in A-LIGN, a high-growth provider of cybersecurity and compliance solutions and top issuer of SOC 2 reports worldwide, alongside existing investor FTV Capital. This investment will be used to drive product innovation in the company’s A-SCEND SaaS platform, grow the company’s portfolio of service offerings, expand A-LIGN’s global […]
Spain’s La Liga wins backing for CVC deal after last-minute compromise
Football clubs in Spain’s La Liga have voted overwhelmingly in favour of a deal with private equity firm CVC Capital Partners, but only after the two biggest teams secured an opt-out in an eleventh-hour compromise. The go-ahead came after a six-hour meeting on Thursday in which Real Madrid and FC Barcelona campaigned against the tie-up, […]
Adidas sells Reebok for up to €2.1bn to Authentic Brands
Adidas is selling Reebok for up to €2.1bn to US-based celebrity and clothing licensing group Authentic Brands, drawing a line under the German sportswear maker’s ill-fated acquisition more than 15 years ago. Net proceeds from the sale will be roughly €325m lower than the original price tag because of stranded costs around the divestment. Adidas […]
Blackstone Enters Into Financing Deal With Harmony
The Blackstone Group Inc. (BX), an alternative asset manager and provider of financial advisory services, on Tuesday said it has entered into partnership with Harmony Biosciences Holdings, Inc. (HRMY) to finance Harmony with up to $330 million. The financing deal includes up to $300 million in debt capital, that consists of $200 million senior secured […]
Brookfield reinsurance unit to buy American National for $5.1 bln
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by William Lewis Moody Jr., American National is majority-owned by the founder’s family, which controls the company through a range of trusts and holdings. […]
Blackstone-led group antes up $1.8 billion loan for Medallia buyout
Blackstone Group, Apollo Global Management and KKR are among lenders providing a $1.8 billion loan to back Thoma Bravo’s leveraged buyout of Medallia, the latest in a series of giant-sized deals in the direct-lending market over the past few weeks. The unitranche loan blends first-priority and subordinated debt into a single facility, and was made […]
