Vista Equity Partners exits Ping Identity following $2.8B sale to Thoma Bravo
Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, has exited its investment in Ping Identity, the intelligent identity solution for the enterprise and a Vista portfolio company since 2016, following the completion of the previously announced acquisition of the company by Thoma Bravo for $2.8 billion. […]
CVC and Nordic Capital complete acquisition of Cary Group
CVC Fund VIII and Nordic Capital have completed the acquisition and delisting from Nasdaq Stockholm of Cary Group, a European vehicle glass repair and replacement service provider. CVC and Nordic Capital see a great opportunity across the fragmented European market for Cary Group to expedite its expansion and by staying at the forefront of digitalisation […]
Hellman & Friedman’s Cordis acquires Medalliance in $1.135B deal
Cordis, which was acquired by H&F in August 2021, is to make an initial $35 million investment and provide an upfront payment of $200 million at closing in 2023. Achieving regulatory milestones will trigger a $125 million payment and commercial achievements through to 2029 are tied to an additional $775 million. Cordis, which formerly owned […]
Enel to sell stake in its grid services unit to CVC
Italy’s biggest utility Enel is in advanced talks to sell a stake in its grid services unit to private equity firm CVC in a deal that could be signed in the next few days. CVC, which you can meet the Italy Private Equity Conference May 2023, would buy a stake of 50% in Enel’s Gridspertise […]
Credit Suisse places U.S. asset management arm for sale
Credit Suisse Group AG is considering a sale of its US asset management business, according to people familiar with the matter. Globally, Credit Suisse’s asset management business managed 427 billion Swiss francs ($429 billion) of assets aas of the end of the second quarter, according to a company statement. Credit Suisse’s American depositary receipts rose […]
Bob Diamond’s Panmure Gordon in takeover talks with City Rival
Panmure Gordon, the British boutique investment bank controlled by Bob Diamond’s private equity vehicle, is in talks with City of London rival finnCap Group Plc about a possible takeover. FinnCap is in “early” discussions with Panmure Gordon, it said in a statement Tuesday. The non-binding proposal from Panmure Gordon would see it buying finnCap for […]
EQT nears Baring deal finish line in PE’s biggest buyout
EQT AB has completed the acquisition of Hong Kong-based Baring Private Equity Asia, as the Swedish investment firm looks to capture the region’s bright prospects. The deal combines the two firms’ Asia private equity teams to create BPEA EQT, while Baring’s real estate business will be integrated into EQT’s, according to a statement confirming a […]
Cerberus Capital set for big payday from Kroger’s $24.6B deal for Albertsons
Cerberus Capital Management and a consortium of real estate investors are in line for a big payday if Kroger’s proposed $24.6 billion acquisition of rival US grocery retailer Albertsons is cleared by regulators, according to a report by the Financial Times. Kroger has agreed to acquire Albertsons in a deal that would create one of […]
Norway’s Equinor may buy UK oilfields from CNOOC
Equinor is considering buying British oilfield assets from China’s CNOOC for between 20 billion and 30 billion Norwegian crowns ($1.9-billion-$2.8 billion), Norwegian newspaper DN reported on Monday, citing unnamed sources. Equinor did not immediately respond to a request for comment when contacted by Reuters. Read at Reuters
Broadcom banks on early EU approval of $61B VMware deal
U.S. chipmaker Broadcom will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware by pointing to competition from Amazon, Microsoft and Google, people familiar with the matter said. Tech deals have drawn intense scrutiny from regulators around the world concerned about power concentration in a few players […]
