CVC and Towerbrook in battle for £600m ($790.81m) Premium Credit deal

Two major buyout firms are vying to buy Premium Credit, which enables consumers to spread the cost of insurance premiums and school fees, Sky News understands. The specialist finance provider Premium Credit is at the centre of a private equity bidding war led by the firm which owns a stake in the Six Nations Rugby […]

Pearson rejects $8.5 billion approach from Apollo

Pearson said on Friday it had rejected two takeover approaches from investment firm Apollo (APO.N), saying its latest $8.5 billion possible cash offer undervalued the global education group, which was confident in its own strategy. Apollo’s earlier statement saying it was considering a bid sent shares in the British company up 22%, a welcome boost […]

Apollo Is Buying Greenwich Office That’s Popular With Finance Firms

The private equity giant is purchasing 100 W. Putnam Ave. from Boston-based Rockpoint Group for roughly $200 million, according to Joanna Rose, a representative for Apollo. The 155,500-square-foot (14,400-square-meter) property is fully leased, with other tenants including JPMorgan Chase & Co., Strategic Value Partners and UBS. Apollo plans to occupy the first floor and part […]

Private equity firm Sycamore weighs bid for fashion chain Ted Baker

Sycamore was considering making a formal approach, the report said, adding that the equity firm has hired investment bank Numis to advise on the potential offer. This comes after a Wall Street Journal report earlier this week said that Sycamore and Canada’s Hudson’s Bay plan to bid in high $60s a share for Kohl’s Corp […]

Unilever to Sell Lipton Tea Owner to CVC Capital for $5 Billion

Unilever Plc, the owner of Lipton and PG Tips, agreed to sell some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. The transaction values the business at 4.5 billion euros ($5.1 billion) on a cash-free, debt-free basis, Unilever said in a statement Thursday, confirming an earlier report by […]

Private equity firm K1 invests $120m in ComplySci

ComplySci, a provider of regulatory technology and compliance solutions for the financial services sector, has secured a growth capital investment of approximately $120 million from K1 Investment Management, a private equity investment firm focused on high-growth enterprise software companies. ComplySci is a specialist in offering compliance software that creates a robust employee compliance function. The […]