Blue Point makes platform acquisition of Transtar
Blue Point Capital Partners (Blue Point) has made its eighth Blue Point IV platform investment with the acquisition of Cleveland-based Transtar Holding Company (Transtar). Transtar is a global leader in the value-added distribution of original equipment and aftermarket automotive products for the transmission and driveline repair market. The local partnership with Blue Point will accelerate […]
Orange sells 1.3 billion euros worth of fixed fibre assets in France
Orange, France’s leading telecoms operator, said late on Friday that it agreed to sell part of its fixed fibre assets in the country to a consortium of three investors for about 1.3 billion euros ($1.58 billion). It is the first time that the Paris-based company, which is also carving out its mobile towers in most […]
Shell to acquire UK’s largest electric vehicle charging network
Royal Dutch Shell said on Monday it was acquiring the owner of the UK’s largest public electric vehicle charging network, ubitricity, for an undisclosed amount. The deal for the company that has over 2,700 on-street charge points in the country is expected to be completed late this year. Electric vehicle sales are set to continue […]
AirAsia Group to raise up to $113 million via private placement
(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]
LLCP’s Caring Brands International acquires Interim Healthcare
Caring Brands International (CBI), a portfolio company of Levine Leichtman Capital Partners (LLCP), has completed the acquisition of its Interim HealthCare home health and hospice franchises in San Diego. The addition of the San Diego Franchise expands CBI’s branch footprint and marks the first acquisition within the Interim HealthCare network domestically. Founded in 1966, CBI […]
Swander Pace Capital completes sale of Clarion Brands to Bridges Consumer Healthcare
Swander Pace Capital (SPC) has completed the sale of Clarion Brands, a consumer products company specialising in over-the-counter (OTC) healthcare solutions and dietary supplements, to Bridges Consumer Healthcare LLC, a consumer healthcare company partnering with Charlesbank Capital Partners. Clarion markets a portfolio of leading niche OTC and dietary supplements brands that are sold to food, […]
CD&R backs S&S Activewear
Funds managed by Clayton, Dubilier & Rice (CD&R) are partnering with current owners and management of S&S Activewear to acquire the North American distributor of imprintable apparel and accessories. Terms of the transaction have not been disclosed. With approximately four million square feet of warehouse space and more than 2,000 employees, S&S specialises in distributing […]
British startup BlackCurve secures GBP1m of new funding in over-subscribed round
BlackCurve, a pricing optimisation company, has closed a GBP1 million funding round, led by Chairman, Martin Fincham, with participation from Nauta Capital, The Cambridge Angels Network and other prominent Angels, members of the ScaleUp Group and then bolstered by a matching contribution from the UK Government’s Future Fund. Founded in 2016, BlackCurve’s pricing optimisation platform […]
Royal Caribbean to Sell Azamara Brand to Sycamore Partners
Royal Caribbean Cruises Ltd. is selling its Azamara brand to private equity firm Sycamore Partners, the latest example of a cruise company shedding assets during the Covid-19 pandemic. The $201 million cash deal includes Azamara’s entire three-ship fleet and intellectual property, Royal Caribbean said in a statement Tuesday. Royal Caribbean Chief Executive Officer Richard Fain said the company will […]
HitecVision announces exclusive talks to buy Exxon’s UK assets
Private equity fund HitecVision and its British unit Neo have entered exclusive negotiations to buy Exxon’s upstream assets in the central and northern North Sea, Hitec said on Thursday. Bids for ExxonMobil’s British North Sea oil and gas fields, which were expected to fetch about $1 billion, were due on Oct. 28, two sources with […]
