Bain Capital to acquire Japanese clothing firm Mash Holdings for $1.4B
Bain Capital has agreed a JPY100 billion ($1.4bn) deal to acquire Japanese apparel maker Mash Holdings in one of the largest private equity deals in the country’s fashion industry, according to a report by Nikkei. Bain Capital will reportedly acquire 100% of Mash’s shares, including those of founder and President Hiroyuki Kondo who will remain […]
BlackRock to acquire Jupiter Power from EnCap Investments
BlackRock Alternatives (BlackRock), through a fund managed by its Diversified Infrastructure business, has agreed to acquire Jupiter Power (Jupiter), a US operator and developer of stand-alone, utility-scale battery energy storage systems. EnCap Energy Transition Fund I (EETF I) and co-investment partners Yorktown Partners and Mercuria Energy are selling Jupiter, and the transaction is expected to […]
Apax, TA, Carlyle make shortlist to acquire 40% Quest Global stake for $1B
Three private equity investors – Apax Partners, TA Associates and Carlyle – have made the shortlist to acquire a significant minority stake in Singapore-based engineering outsourcing firm Quest Global in a $1 billion deal that could value the business at around $2.5 billion. And the report cites unnamed sources as revealing that other PE funds […]
Astorg and Epiris secure regulatory approval for £1.6B Euromoney deal
Becketts Bidco a consortium comprising Luxembourg-based private equity firm Astorg Asset Management and London-based private equity firm Epiris LLP, has secured all necessary regulatory approvals for its #1.6 billion acquisition of Euromoney Institutional maestro, according to a report by PE Insights. The scheme remains subject to the waiver or satisfaction of the remaining conditions set […]
Brazilian Soccer League to Sell Rights for $971m to Mubadala Capital
The Brazilian Football League (Libra), one of two groups proposing new structures for soccer in the country, has confirmed it is in talks to sell a stake in its proposed competition to UAE investment firm Mubadala Capital. According to Brazilian newspaper O Globo, Libra is in negotiations to sell 20 per cent of its commercial […]
Vodafone agrees partial sale of Vantage Towers to GIP and KKR-led consortium at $16B valuation
Vodafone Group Plc has agreed the partial sale of its mobile-phone masts business Vantage Towers to a consortium led by private equity firms Global Infrastructure Partners and KKR & Co in a deal that values the business at $16 billion. Vodafone’s current 81.7% stake in the business will be put into a joint-venture company Oak […]
JIP’s $15B Toshiba bid lacks bank backing
Private equity buyout firm Japan Industrial Partners has submitted a $15 billion bid to acquire Toshiba Corp, without having secured the backing of banks raising doubts over the viability of the proposed deal, according to a report by Reuters. JIP’s proposal includes a commitment of almost half of the $15 million from a consortium of […]
Warburg Pincus exits Summit Health-CityMD in $8.9B sale to VillageMD
Warburg Pincus has exited its investment in primary, specialty and urgent care provider Summit Health-CityMD through a $8.9 billion sale to VillageMD with support from Walgreens Boots Alliance (WBA), and an affiliate of Evernorth, a subsidiary of Cigna Corporation. Summit Health has been backed by Warburg Pincus since 2017, when it took a stake in […]
KKR to acquire Albioma for €485m
KKR & Co has made an offer to buy Albioma SA, an independent renewable energy producer in France, for €485 million. CDPQ, the main lender in the transaction, alongside other commercial lenders and banks, has provided the acquisition financing to support the tender offer. Albioma SA operates over 1 GW of installed capacity around the […]
TPG to exit Immucor through $2B sale to Werfen
Werfen, a global developer, manufacturer and distributor of specialised diagnostic instruments, is to acquire Immucor, Inc, a US-based specialist in transfusion and transplant in vitro diagnostics, from private equity firm TPG for approximately $2 billion. TPG acquired Immucor in July 2011 in a $1.97 billion deal, and has subsequently made multiple add-on acquisitions including Sentilus […]
