Clearlake Capital Group Acquires Cornerstone for $5.2B
Clearlake Capital Group LP, a private equity firm, has entered into a definitive agreement to acquire Cornerstone OnDemand Inc., a provider of talent management software. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately […]
Fortress ups stakes in Morrisons bidding war
US private equity group Fortress has increased its offer for the supermarket chain Wm Morrison to nearly £10bn, raising the stakes in a fierce battle for control of one of Britain’s biggest grocers. SoftBank-owned Fortress hiked its bid just days before a critical deadline for a rival offer from the buyout group Clayton, Dubilier & […]
Apex Group acquires GCG
Apex Group has acquired Greenough Consulting Group (GCG), a provider of finance, accounting, and human resources services to technology companies, venture capital and private equity funds. This strategic deal serves to further strengthen Apex’s position in the US market and enhances its ability to deliver high quality service to clients of all sizes, via locally […]
Rolls-Royce says in talks to sell ITP Aero to Bain-led consortium
Britain’s Rolls-Royce (RR.L) is in exclusive talks with a consortium led by U.S. private equity firm Bain Capital on a potential sale of its Spain-based ITP Aero unit, the engine maker said on Wednesday. Rolls-Royce said there was no certainty an agreement will be reached. It issued a statement prompted by a report in a Spanish newspaper […]
PepsiCo to sell Tropicana and other juice brands for $3.3bn to move away from high-sugar drinks
PEPSICO has unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners yesterday, as it looks to simplify its product range and move away from high-sugar drinks. The company, which bought the orange juice maker in 1998 for roughly $3.3bn and US-based Naked […]
Audax Private Equity Announces Investment in Cyber Threat Intelligence Leader Team Cymru
Audax Private Equity (“Audax”) today announced that it has made a growth investment in Team Cymru, a global leader in cyber threat intelligence, to support its continued initiatives in the security space. Terms of the transaction were not disclosed. This investment will help expand the depth and breadth of Team Cymru’s solutions, allowing the company to […]
Wolverine Buys Sweaty Betty for $410 Million to Boost Activewear
Wolverine World Wide Inc. bought British fitness and lifestyle brand Sweaty Betty for $410 million to expand its business into the fast-growing activewear sector. The U.S. footwear and lifestyle group closed the all-cash deal on Monday after L Catterton, a private-equity firm co-owned by Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton SE, […]
Apax Merges Software Firms for Non-Profits in $2 Billion Deal
Private equity firm Apax Partners is merging three software companies serving non-profit organizations in a deal worth about $2 billion, including debt. Apax is buying EveryAction from Insight Partners and Social Solutions from Vista Equity Partners, according to a statement Tuesday. Apax will combine them with CyberGrants, a company it agreed to acquire in June from Waud Capital Partners. Vista will keep a […]
Paysafe to acquire PagoEfectivo
Paysafe, a specialised payments platform, has signed a definitive agreement to acquire PagoEfectivo, a Peruvian alternative payments (APM) platform. For Paysafe, this latest investment is a strategic foothold in Latin America, one of the world’s fastest-growing online markets where merchants and consumers alike are demonstrating an increased appetite for alternative payment methods and online banking […]
Smiths Group agrees $2.3bn sale of medical division to US private equity
The Smith Group has agreed to sell its medical sector to US private equity firm TA Associates for $ 2.3 billion as the UK conglomerate seeks to focus on industrial technology. The FTSE 100 Group will receive $ 1.8 billion in net cash revenue from the sale, will hold a 30% stake in the division, […]
