Trustpilot gets IPO cornerstone investors to give enterprise value of $1.4 billion
Online review platform Trustpilot said on Monday it has received commitments from several funds to act as cornerstone investors in its upcoming initial public offering at a price that gives it an enterprise value of up to $1.4 billion. Several investors including BlackRock, FIL Investments and Henderson Global Investors have agreed to buy up a […]
Conglomerate Jardine Matheson offers to buy rest of group unit for $5.5 billion
Jardine Matheson Holdings Ltd on Monday said it plans to buy the remaining 15% of Jardine Strategic Holdings Ltd that it does not already own for about $5.5 billion to simplify the structure of the sprawling Asian conglomerate. Singapore-listed Jardine Matheson, whose businesses include construction, aviation and automotive, has offered to pay $33 in cash […]
Volkswagen’s Porsche AG to raise stake in Croatia’s Rimac to 24%
Volkswagen’s luxury division Porsche AG has agreed to raise its stake in Rimac Automobili to 24%, the companies said on Monday, in a deal that values the Croatian electric hypercar maker at 795 million euros ($947 million). Porsche AG first bought a 10% stake in Rimac in 2018, raising it to more than 15% a […]
LDC-backed Onecom acquires 9 Group companies
Onecom, the UK’s leading business telecoms and cloud communications provider, has added thousands of fixed line and cloud customers and hundreds of channel partners to its portfolio in a deal with 9 Group As part of the transaction 9 Retail, which has over 5,000 telephony, hosted voice and on-premise customers, becomes a Onecom Group company […]
Italy’s Cerved in advanced talks to clinch debt collection arm deal: sources
Italian credit group Cerved is in advanced talks with U.S. investment firm Centerbridge to clinch the long-awaited sale of its debt collection arm which is valued at about 400 million euros ($476.68 million) The unit has also drawn interest from Italian real estate and credit management firm Prelios and other private equity funds including Apollo […]
Equistone acquires Franke Water Systems
Funds advised by Equistone Partners Europe (Equistone), one of Europe’s most active mid-market private equity firms, have agreed to acquire Franke Water Systems, a division of Franke Group and a leading European producer and supplier of kitchen and bathroom fittings for the residential, public and commercial sectors Thorsten Klapproth, former CEO of Hansgrohe SE and […]
Bitcoin miner Cipher to go public via $2 billion SPAC merger
Cipher Mining Inc said it had agreed to go public through a merger with blank-check firm Good Works Acquisition Corp in a deal valuing it at $2 billion, underscoring the rising interest in the bitcoin space. Coinbase, the biggest U.S. cryptocurrency exchange, moved a step closer to listing its shares on the Nasdaq last month, […]
Hippo to go public in $5 billion merger with Mark Pincus, Reid Hoffman-backed SPAC
Hippo Enterprises will go public through a $5 billion merger with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a sign of rising interest in the fast-growing “insurtech” sector. Founded in 2015, Palo Alto-based Hippo sells homeowners insurance online and the merger with special purpose acquisition company (SPAC) Reinvent […]
Japan’s Onward to sell Jil Sander to luxury group OTB
Japanese apparel group Onward Holdings is selling its Jil Sander brand to OTB, the Italian luxury conglomerate that also owns labels such as Maison Margiela and Marni. Onward, which depends heavily on sales at Japanese department stores and has struggled with pandemic-related store closures and weak consumer spending, said it aimed to shore up its […]
Kennet Partners and Goldman Sachs to sell Nuxeo to Hyland Software
Kennet Partners Limited (Kennet) and Goldman Sachs Growth Equity (Goldman Sachs) are to sell their co-owned portfolio company, Nuxeo, a content services platform and digital asset management (DAM) provider. to Hyland Software Kennet and Goldman Sachs are expected to make a five-times return on their investment in Nuxeo. Kennet and Goldman Sachs acquired Nuxeo in […]
