Pacific Equity Partners closing in on $344M purchase of global teleradiology firm Everlight
A private equity firm is consulting with Goldman Sachs bankers as it closes in on a $344 million (USD) purchase of global teleradiology firm Everlight, according to a report published Wednesday. Sydney, Australia-based Pacific Equity Partners has emerged as the frontrunner to buy the imaging group, leaping ahead of other suitors such as KKR (which owns Envision […]
Canada Life Asset Management commits GBP26.5m to develop car park for NHS
Canada Life Asset Management has purchased a 140-year leasehold interest in a site forming the first phase of Adanac Health & Innovation Campus, Southampton for University Hospital Southampton NHS Foundation Trust. The GBP26.5 million funding package for the construction of a 1,000 space multi-storey park and ride car park aims to complete construction by April […]
Fund run by Australian pension investors seeks stake in Spain’s Naturgy
Investment fund IFM Global Infrastructure Fund offered on Tuesday to buy a 22.7% stake in Spain’s Naturgy for 5.06 billion euros ($6.13 billion), sending the power group’s shares soaring 16% to lead gainers on Madrid’s bourse. The cash offer of 23 euros per share represented a 19.7% premium over Naturgy’s closing price on Monday, according […]
Shiseido in talks to sell lower-priced brands to CVC, deal reported at over $1.45 billion
Japanese cosmetics firm Shiseido Co Ltd said on Friday it was in talks to sell its lower-priced skincare and shampoo brands to private equity firm CVC Capital Partners in a deal reported to be valued at more than $1.45 billion. Shiseido, whose shares ended the day up 4.4%, said it was negotiating a sale of […]
SGT German Private Equity and SGT Capital complete merger
SGT German Private Equity has completed its merger with SGT Capital, to create an international, listed private equity asset manager based out of Germany. The merged company expects sustainable, predictable net profits from market standard asset management fees of approximately EUR0.20 to EUR0.80 pa from 2022 onwards, depending on the raised fund volume. In addition, […]
Payments firm Flywire plans IPO at $3 billion valuation: sources
(Reuters) – Flywire Corp has hired investment banks to prepare for a U.S. initial public offering (IPO) later this year that could value the payments processor at around $3 billion, people familiar with the matter said on Friday. Flywire is working with Goldman Sachs Group Inc and JPMorgan Chase & Co on the listing, which […]
Shareholder in Russia’s Inter RAO pushes for acquisition of Uniper, Fortum assets
FRANKFURT/DUESSELDORF (Reuters) – Russia’s Inter RAO could boost its profits by buying Russian fossil fuel assets from Germany’s Uniper and Finland’s Fortum, a shareholder in the Moscow-listed company said on Friday. The remarks come a week after Uniper Chief Executive Andreas Schierenbeck fuelled speculation about a deal when he said his firm was open to […]
Billionaire brothers buying supermarket Asda gatecrash bidding battle for fashion chain Topshop
Zuber and Mohsin Issa have been locked in secret talks to buy the fashion brand US fashion giant, Authentic Brands, also lodged a bid last week Arcadia collapsed last month after being ravaged by the pandemic The billionaire brothers buying supermarket Asda have gatecrashed a bidding battle for fashion chain Topshop, The Mail on Sunday […]
Funds advised by Apax acquire PIB Group from The Carlyle Group
Funds advised by Apax Partners have acquired the PIB Group (PIB), a leading independent specialist insurance intermediary, alongside PIB’s management team. Funds advised by The Carlyle Group, PIB’s existing investor since 2015, will re-invest for a minority stake. The financial terms of the transaction (which is subject to applicable regulatory approvals) have not been disclosed. […]
Lonsdale makes 3x return on exit of GYG
Lonsdale Capital Partners (Lonsdale), a private equity firm focused on the lower mid-market, has exites its investment in GYG Plc (GYG), a superyacht painting, supply and maintenance company. The sale produces a return of 3x to Lonsdale and an IRR of 75 per cent. Lonsdale invested in the business in 2016 and then made a […]
