Parmenion sold to private equity house in £102m deal
Parmenion has become the latest platform to be snapped up by a private equity house, with Standard Life Aberdeen announcing its £102m sale to Preservation Capital Partners. The deal is part of SLA’s plan to simplify its business and focus on its core platforms – Wrap and Elevate. According to Parmenion, Preservation Capital Partners is […]
Livingbridge sells disguise to The Carlyle Group
Livingbridge, a UK-based leading mid-market private equity investors, has sold disguise, a specialist in Extended Reality (xR1) technology, to The Carlyle Group. Livingbridge is re-investing alongside management. Terms of the transaction have not been disclosed. Founded in 2000, disguise is a technology platform which enables creatives and technologists to imagine, create and deliver spectacular visual […]
Livingbridge-backed Brainlabs acquires User Conversion
Brainlabs, a portfolio company of mid-market private equity investor Livingbridge, has acquired User Conversion, a conversion rate optimisation agency Livingbridge invested in Brainlabs in 2019 to accelerate the business’ growth and support the firm in its ambition to become the global leader in digital marketing. Since then, Brainlabs has expanded its offering and footprint through […]
Diageo buys hard seltzer brand Lone River Ranch Water
Johnnie Walker whisky maker Diageo said on Monday it has acquired Far West Spirits LLC, the parent company of Lone River Ranch Water, as it looks to expand in the fast-growing hard seltzer category. Hard seltzer – flavored sparkling water infused with alcohol – is the fastest growing alcohol category in the United States with […]
Sibanye CEO floats merger idea with Gold Fields, AngloGold Ashanti: report
Sibanye-Stillwater should merge with peers Gold Fields and AngloGold Ashanti to create a gold mining leader which would beat Newmont to the top spot, the miner’s CEO Neal Froneman told South African newspaper Business Day on Monday. Sibanye, the world’s biggest platinum producer, also produces gold from three mines in South Africa, and has a […]
Jet leasing shake-up looms as AerCap and GE unit discuss tie-up
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co’s GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the matter said on Monday. The Wall Street Journal, which first reported the possible deal, […]
CD&R to sell Capco in USD1.45bn deal
Clayton, Dubilier & Rice (CD&R) is to sell its portfolio company Capco, a global management and technology consultancy, to Wipro Limited, a leading global information technology, consulting and business process services company. The transaction, expected to close in the second quarter of 2021, is valued at USD1.45 billion London-headquartered Capco provides digital, consulting and technology […]
Perwyn-backed Miss Group acquires MMD Networks
Fast-growth web hosting business, Miss Group, has acquired Finnish based MMD Networks OY as part of its ongoing buy and build strategy MMD Networks primarily provides shared hosting and related services, with leading brands including mmd.net and verkko24.fi. MMD is the second acquisition that Miss Group has completed in the Finnish market, and complements the […]
Kerogen Capital sells Zennor Petroleum to NEO Energy
Kerogen Capital (Kerogen) is to sell Zennor Petroleum Limited (Zennor) to NEO Energy Upstream UK Limited (NEO) and HitecVision for a total consideration of up to USD625 million, including deferred and contingent payments. The transaction completion is subject to customary regulatory approvals. Since Kerogen’s initial investment in 2015, Zennor has transformed from an early-stage exploration […]
Netzkern and Macaw to form tech services group after sale to Avedon Capital, with Ciesco behind deal
German-based digital agency Netzkern has been acquired by Private Equity firm, Avedon Capital, and will form a new group with Dutch digital services provider Macaw, with specialist London-headquartered M&A advisory firm Ciesco behind the deal Ciesco was the exclusive sell-side advisor to Netzkern, an independent full-service digital agency and one of the top Sitecore specialists […]
