LDC-backed Onecom acquires Olive Communications
Onecom has acquired its closest rival, Olive Communications, in a move which creates one of the largest business-to-business mobile, fixed-line and cloud specialists in the UK. Together, Onecom and Olive will provide services to more than 500,000 corporate and business end users this year, generating combined annual turnover of more than GBP140 million. The acquisition […]
CVC in talks to buy stake in San Antonio Spurs at $1.3bn valuation
CVC Capital Partners is in talks to buy a minority stake in the San Antonio Spurs at a roughly $1.3bn valuation, in a move that signals how private equity is poised to reshape the ownership structures of National Basketball Association franchises. The Luxembourg-based buyout group is seeking a stake of about 15 per cent in […]
BlackRock Long Term Private Capital to acquire UK pensions software provider Aquila Heywood
BlackRock Long Term Private Capital (LTPC) announces it has reached an agreement to acquire Aquila Heywood, a UK based market leader in pensions administration software and services. The investment will enable Aquila Heywood to further grow its highly innovative suite of software solutions, supporting the current and future needs of a fast-growing customer base within […]
Billionaire Asda buyers to stump up less than £800m to clinch £6.8bn takeover
The private equity-backed billionaires buying Asda will pay less than £800m of their own money to take a controlling stake in the supermarket, a fraction of its £6.8bn valuation, after selling its assets and raising its debts to fund the majority of the purchase price. Blackburn-based brothers Mohsin and Zuber Issa and the private equity […]
Bunker Hill Capital sells Taos Mountain
Bunker Hill Capital, a Boston-based private equity investor in lower middle market companies, has sold Taos Mountain (Taos), a San Jose-based multi-cloud consulting firm, to IBM. Bunker Hill Capital acquired Taos in August 2015 and was joined in the transaction with equity, senior debt and subordinated debt financing from Ric Urrutia, Abacus Finance Group, GMB […]
Silver Lake and Nestlé lead €3.5bn investment in vet group IVC Evidensia
Deal will value Europe’s largest medical petcare company at €12.3bn and see EQT end plans for London listing Silver Lake and Nestlé are leading a €3.5bn investment into IVC Evidensia, Europe’s biggest vets group, in a move that will result in the private equity firm EQT abandoning plans to list the business on the London market. […]
Rivals Blackstone and GIP join forces in £3.5bn Signature Aviation offer
Private equity groups end their battle for control of the UK-listed private jet services group Blackstone and Global Infrastructure Partners have ended their takeover battle for the UK-listed private jet services company Signature Aviation, agreeing to join forces in a new £3.5bn bid for the company. The two private equity groups, together with Bill Gates’ […]
Pemberton supports recapitalisation of MVF
European private debt manager Pemberton, which is backed by Legal & General Group, has supported the recapitalisation of Bridgepoint Development Capital’s portfolio company MVF, a UK online customer acquisition company. Together with HSBC, Pemberton has provided a cost-effective and flexible financing solution to help the company accelerate its growth through strategic acquisitions. MVF has grown […]
Access Holdings-backed Foundation Partners Group makes eight acquisitions during pandemic
Foundation Partners Group acquired eight funeral service businesses with 25 locations during the past year, growing its footprint in three states with existing locations and expanding to two new markets – Kentucky and New Mexico. In a market estimated to reach USD28.7 billion this year, the cremation rate in the US reached an all-time high […]
Saudi Aramco prepares $10 billion loan for pipeline business buyers
Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said, as the oil giant seeks to extract value from its assets in an era of lower oil prices. International investors including BlackRock, KKR and Brookfield Asset Management, which could […]
