€150M PEST CONTROL MANUFACTURER TO BE ACQUIRED FROM LDC
A €150m-turnover Yorkshire-based pest control products manufacturer is set to be acquired from private equity firm LDC. Pelsis Group has announced it will be acquired by specialist investment manager Pamplona Capital Management this September. LDC backed the secondary buyout of Pelsis in August 2017 to help drive global growth. With LDC’s support, Pelsis delivered a […]
UK private equity investment at highest level for five years
New research from KPMG has revealed that private equity investment, both in terms of value and number of deals, has reached levels not seen since 2017 in the first half of 2021. A total of 785 deals were completed for an overall value of GBP73.7 billion pounds after factors such as the vaccine rollout and […]
Real Madrid opposes private equity’s €2.7bn Spanish football deal
Spain’s top football league has agreed a €2.7bn deal with CVC Capital Partners that could bring private equity into a major European league for the first time, sparking strong opposition from Real Madrid, one of its biggest teams. The deal with La Liga, which has not been agreed by clubs, values it at just over […]
Spain’s La Liga agrees to sell 10% stake to CVC for $3.2 bln
La Liga, Spain’s top soccer league, has agreed in principle to sell 10% of its business to private equity firm CVC Capital Partners for 2.7 billion euros ($3.21 billion) to help finance its long-term growth plans, it said on Wednesday. The deal values La Liga at around 24.2 billion euros and, if approved, will fund […]
Smiths Group agrees $2.3bn sale of medical division to TA Associates
Smiths Group has agreed to sell its medical division to TA Associates for $2.3bn as the UK conglomerate seeks to concentrate on industrial technology. The FTSE 100 group expects to receive net cash proceeds of $1.8bn from the sale and to retain a 30 per cent stake in the division, which made £918m of sales […]
Gen II Fund Services acquires Stone Pine Accounting Services
Gen II Fund Services (Gen II), an independent private equity fund administrator, has acquired Stone Pine Accounting Services (Stone Pine), a Denver-based provider of private equity fund administration, tax and investor services. Stone Pine provides tailored services to a variety of private equity fund structures. The addition further enhances Gen II’s service offerings, expands the […]
BDT Capital Partners, Mubadala complete acquisition of Culligan International
BDT Capital Parnters and Abu Dhabi sovereign wealth fund Mubadala Investment Company and its asset management subsidiary Mubadala Capital, said on Monday they have completed an acquisition of water treatment company Culligan International. BDT Capital Partners has bought a majority interest in Culligan from Advent International and Centerbridge Partners in a deal first announced in […]
EmergeVest invests in neobank Lucy
EmergeVest, a Hong Kong-based growth-oriented private equity investment group, has invested in Lucy, a neobank focused on women entrepreneurs, through seed funding. In addition, Dr Jessica Bruser of EmergeVest has joined Lucy’s board of directors. Lucy will use the proceeds of this funding round to invest in its tech platform, expand its Singapore-based team and […]
iCapital Network Raises $440M in Funding
iCapital Network, a global financial technology platform focused on alternative investing for the asset and wealth management industries, raised US$440m in funding. The round was led by Temasek, joined by new investors Owl Rock, a division of Blue Owl Capital; MSD Partners, L.P.; Noah Holdings and Golub Capital and existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset […]
Sanne Group in advanced takeover talks with Apex after £1.49bn bid
London’s Sanne Group is in advanced talks with fund servicer Apex Group on a possible cash takeover bid of up to £1.49bn. At 920 pence per share, the offer values the UK asset manager at around £1.49bn and represents a premium of 9 per cent on Sanne’s share closing price of 844.0 pence on Friday. […]
