Blackstone to buy Emerson’s $14B Climate Tech unit
Blackstone Inc. agreed to buy control of Emerson Electric Co.’s climate technologies arm in a deal valuing the business at about $14 billion. The private equity firm will acquire a majority stake in the unit, which sells the Copeland line of compressors used in heating and cooling equipment, according to a statement Monday. St. Louis-based […]
Carlyle-backed Copia Power merges with Birch Infrastructure
Copia Power (Copia) has completed a strategic merger with Birch Infrastructure’s (Birch) renewable energy business, building on a multi-year partnership between the two firms. Copia is a renewable development platform formed in 2021 by global investment firm Carlyle (NASDAQ: CG) to develop and operate large-scale renewable energy projects and seek to play a significant role […]
KKR completes $1B cash sale of Minnesota Rubber and Plastics
KKR has completed the previously announced sale of Minnesota Rubber and Plastics (MRP), a provider of materials science-based elastomer and thermoplastic solutions, for a reported $1 billion in cash to Trelleborg Group (Trelleborg), a specialist in engineered polymer solutions. All of MRP’s more than 1,450 employees across six countries and four US states, including hourly […]
Nuveen to acquire Arcmont Asset Management in $1B deal
Nuveen, the investment manager of TIAA, is to acquire a controlling interest in Arcmont Asset Management, a European private debt investment manager with $21 billion in committed capital, in a deal reportedly worth over $1 billion. The acquisition will expand Nuveen’s private capital expertise and presence into Europe, complementing its North American private debt and […]
Musk completes US$44B Twitter deal
Elon Musk completed his US$44 billion acquisition of Twitter Inc., according to people familiar with the matter, putting the world’s richest man in charge of the struggling social network after six months of public and legal wrangling over the deal. Shareholders will be paid $54.20 per share, and Twitter will now operate as a private […]
General Atlantic acquires Iron Park Capital and forms General Atlantic Credit
General Atlantic, a global growth equity firm, is to acquire Iron Park Capital Partners (Iron Park), a global investment manager with deep experience across public and private credit markets, to create General Atlantic Credit (GA Credit). Iron Park currently offers a range of credit solutions that are rooted in a robust and well-developed investment process […]
KKR acquires Ness Digital Engineering
KKR is to acquires Ness Digital Engineering (Ness), a global full-lifecycle provider a provider of end-to-end digital transformation services that specialises in building digital software products and platforms, from The Rohatyn Group (TRG). Ness adds to KKR’s global portfolio of technology investments, which includes Cloudera, a provider of enterprise-grade, hybrid data management software in the […]
Private Equity firm VMG is selling minority stake to Bonaccord
Private equity firm VMG Partners sold a minority stake to Bonaccord Capital Partners, according to people with knowledge of the matter. The deal represents a stake of less than than 15% of San Francisco-based VMG, said the people, who asked not to be identified discussing private information. VMG, which stands for “Velocity Made Good,” aims […]
JIP considers Toshiba take-private deal at $16B valuation
Toshiba Corp could be taken private by a consortium led by private equity firm Japan Industrial Partners (JIP) in a deal that vales the business at about $16.1 billion (JPY2.4 trillion), according to a report by Bloomberg. The report cites unnamed sources as revealing that JIP, the preferred bidder for the Tokyo-headquartered conglomerate, intends to […]
The Carlyle Group acquires majority stake in Garnica for €500m
The Carlyle Group has acquired a majority stake in Spain-based plywood manufacturer Garnica from Intermediate Capital Group (ICG) and certain shareholders in a €500 million deal. The transactions sees ICG exit the company, while the Garnica family will reinvest part of the money obtained and retain, along with the management team, a meaningful stake in […]
