EQT Infrastructure Completes Acquisition of First Student
FirstGroup plc announced the sale of school bus contractor First Student and First Transit to EQT Infrastructure, one of the world’s largest infrastructure investors, closed on Wednesday evening. First Student, the largest student transportation provider in North America with 43,000 school buses in operation, and First Transit operations will reportedly continue as usual and uninterrupted […]
Crypto exchange FTX secures backing from venture capital and hedge funds
The cryptocurrency exchange FTX has raised one of the largest rounds of financing for a digital assets start-up, in a signal of continued investor demand for the sector despite the recent drop in the price of bitcoin. FTX said it raised $900m from more than 60 investors including the venture capital firms Paradigm and Sequoia […]
BBQGuys, Backed by Eli and Peyton Manning, Inks $963 Million Velocity SPAC Deal
BBQGuys, an e-commerce platform for grills and related products backed by retired American football stars Eli Manning and Peyton Manning, has agreed to go public through Velocity Acquisition Corp., a blank-check firm. The transaction values the combined entity at $963 million, and sets up the Baton Rouge, Louisiana-based company for future growth, Velocity founder Doug Jacob […]
Kohlberg & Company Completes $1.1 Billion Continuation Vehicle Transaction With BlackRock
Kohlberg & Company (“Kohlberg”), closed a $1.1 billion Continuation Vehicle transaction co-led by affiliates of BlackRock, GIC and Lexington Partners. The Continuation Vehicle encompasses the remaining assets of Kohlberg Investors VII (“Fund VII”), a 2012 vintage fund with $1.6 billion in capital commitments, and is the first continuation vehicle to be established by Kohlberg. The […]
Goldman Sachs to accelerate alternative investments in Japan
Goldman Sachs will expand investments in alternative assets like office buildings and data centers in Japan, consolidating various investment operations into a new merchant banking division capable of tackling a wide range of deals. As part of a global reorganization drive in its investment operations, the group is merging Goldman Sachs Japan’s principal investment division with […]
Partners Group Said Near Deal for BC’s Drugmaker Pharmathen
Partners Group Holding AG is nearing a deal to acquire European generic drugmaker Pharmathen SA from BC Partners for around 1.6 billion euros ($1.9 billion), according to people familiar with the matter. The buyout firms could announce an agreement in the coming days, the people said, asking not to be identified discussing confidential information. Partners Group preempted […]
LVMH-Backed Private Equity to Buy Majority Stake in Italy’s Etro
L Catterton, the private equity firm backed by French luxury retailer LVMH, agreed to buy a majority stake in Italian fashion house Etro SpA. The Etro family will retain a significant minority, according to a statement from the Milan-based luxury retailer founded by Gerolamo Etro, who will be chairman. Financial terms weren’t disclosed. Italian newspaper Il Sole […]
Eurazeo to sell Intech stake to Montagu
Eurazeo’s Small-Mid Buyout team is to sell in majority stake in Intech, a global market leader in the manufacturing and development of orthopaedic surgical instruments, to Montagu Private Equity. The proposed sale is subject to US competition authority approval. Since its investment in 2017, Eurazeo has supported Intech by providing the human and financial resources […]
AEA Investors Weighs $3.5 billion Sale of Excelitas
AEA Investors is considering options for Excelitas Technologies Corp. including a sale that could value the laser and sensor manufacturer at more than $3.5 billion, according to people familiar with the matter. The private equity firm is working with advisers to look at strategic options for Waltham, Massachusetts-based Excelitas, said the people, who asked not to be identified […]
Partners Group reports total AuM of USD119bn as of 30 June 2021
Partners Group, a leading global private markets firm, received USD12.1 billion in new commitments from its global client base in H1 2021 (H1 2020: USD8.3 billion), bringing the firm’s total AuM to USD118.9 billion as of 30 June 2021 (31 December 2020: USD109.1 billion). During the same period, the firm committed USD13.1 billion to transformational […]
