CVC Credit supports Markerstudy Group investment by Pollen Street Capital and Qatar Insurance Corporation
CVC Credit has supported Pollen Street Capital and Qatar Insurance Corporation’s investment in UK insurance company, Markerstudy Group, with GBP85 million in senior debt facilities The business will use the investment to fund an organic and acquisition-led expansion programme to build on its rapid development over recent years, following its evolution into a Managing General […]
Second City Acquired By Private Equity Firm, ZMC
The popular Chicago-based comedy group, The Second City, often known as simply Second City, has been bought by Strauss Zelnick’s private equity firm, ZMC. The Financial Times reported that the deal could be for as much as $50 million. The popular Chicago comedy staple has long been seen as a talent feeder to Saturday Night […]
FTC makes second request on Lockheed’s takeover of Aerojet
Rocket maker Aerojet Rocketdyne Holdings said on Friday it had received a second request from the U.S. Federal Trade Commission (FTC) for a regulatory review of its proposed takeover by Lockheed Martin. The $4.4 billion deal, announced late last year, has raised eyebrows because it would give Lockheed – the No. 1 defense contractor – […]
PE-backed 3t Energy Group to buy Petrofac’s UK in-person training business
3t Energy Group has exchanged contracts with Petrofac on a major transformational acquisition for the purchase of its UK training centres. The purchase includes Petrofac’s Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities in Scotland. The value of the acquisition is undisclosed The purchase adds Marine training and further […]
IBM Looking To Sell Watson Health Business Unit
IBM is looking to sell its IBM Watson Health business, the Wall Street Journal has learnt. The technology giant is looking at different alternatives that include a sale to a private equity firm, another industry player, or a merger “with a blank-check company,” according to the report. IBM’s (IBM) Watson Health business employs artificial intelligence (AI) […]
Asda welcomes new owners with lacklustre figures
The new owners of Asda have been urged to overhaul the supermarket’s strategy after its performance over the Christmas period lagged behind its rivals. The Issa brothers and TDR Capital, their private equity partner, completed their £6.8 billion takeover of Asda this week after financing their buyout with the biggest sterling junk bond on record, […]
Eurazeo sells part of iM Global Partner stake to IK Investment Partners and Luxempart
Eurazeo has sold part of its stake in iM Global Partner to IK Investment Partners and Luxempart, subject to the approval of the French Autorité des Marchés Financiers and the Commission de Surveillance du Secteur Financier. This comes after iM Global Partner, a global network dedicated to asset management, increased its assets under management by […]
ICV Partners partners with management to make majority investment in Total Access Urgent Care
ICV Partners, an investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today has made a majority investment in Total Access Urgent Care (TAUC), a provider of urgent care and many emergency department services in the Midwest, in partnership with the company’s management […]
Kempen European Private Equity Fund acquires direct interest in software company Eque2
The Kempen European Private Equity Fund has backed the senior management team at construction software company Eque2 to acquire the business from its existing shareholders Eque2 supplies business management software to more than 2,700 customers in the construction, housebuilding and contracting industries. Its software enables builders, contractors, architects, engineers and estimators to integrate the commercial […]
Vanguard Launches Second Private Equity Fund
The new fund launch comes one year after the introduction of Vanguard’s first private equity fund Vanguard has launched its second private equity fund based on the strong investor demand it saw for its first, which, according to the company, recently closed at nearly double its target size. Vanguard did not disclose the size of […]
