Meggitt agrees £6.3bn takeover by Parker Hannifin
UK aerospace and defence company Meggitt is to be taken over by US rival Parker Hannifin in a £6.3bn deal that marks the latest approach for a UK listed company by an overseas buyer. Meggitt shareholders will receive 800p per share in cash in the agreed deal, representing a premium of 71 per cent to […]
KKR Acquires Three Self-Storage Facilities in Austin and Nashville
KKR today announced the acquisition of three self-storage properties located in Austin, Texas and Nashville, Tennessee. The properties include approximately 1,800 storage units and were built between 2019 and 2020. They were acquired through separate transactions with two different sellers for an aggregate purchase price of approximately $36 million. The purchases represent KKR real estate’s […]
World Rugby CEO Gilpin confirms private equity talks
World Rugby chief executive Alan Gilpin has confirmed that the global governing body has opened talks with private equity firms about investing in the sport. Gilpin said that World Rugby is in discussions with groups such as CVC Capital Partners and KKR over a deal that could include a stake in the commercial rights for […]
Vauban Infrastructure Partners acquires SPER
Vauban Infrastructure Partners (Vauban) has acquired SPER – Sociedade Portuguesa para a Construção e Exploração Rodoviária, and Planestrada – Operação e Manutenção Rodoviária, two companies that manage a 113 km shadow-toll road on IP-2 in the province of Baixo Alentejo (Portugal). Through this acquisition Vauban strengthens its investment in the mobility sector in Portugal. Through […]
Carlyle raises $10.4bn in second quarter as pursues largest ever private equity fund
The Carlyle Group took in $10.4bn from investors in the second quarter and nearly doubled its earnings, as it looks to raise what would represent the industry’s biggest ever buyout fund. Carlyle posted robust second quarter distributable earnings growth on Thursday, rising to $395.4m from $198.4m in the same period last year. Assets under management […]
M&G says $8.7 bln Morrisons bid doesn’t reflect company’s true value
British money manager M&G has added to the voices criticising a proposed private equity takeover of British supermarket chain Morrisons, saying it does not reflect the true value of the company. Morrisons this month agreed to a takeover led by SoftBank Group Corp-owned Fortress, which valued Britain’s fourth-largest supermarket chain at about 6.3 billion pounds […]
Elon Musk’s Neuralink raises over $200 million from Google Ventures, others
Elon Musk’s brain-chip startup, Neuralink, has raised $205 million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Alphabet Inc’s Google Ventures, the company said on Thursday. Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer’s, dementia and spinal cord injuries and fuse humankind with […]
Wynnchurch Capital acquires Trimlite
Wynnchurch Capital has acquired Trimlite, a manufacturer and distributor of residential doors and related door products. Founded in 1982 and headquartered in Renton, Washington, Trimlite has developed a strong presence in the US and Canada by providing high quality products and value-added services to its diverse network of wholesale distributors, dealers, local door retailers, and […]
Prime Trust raises $64m in Series A funding
Prime Trust, a one-stop shop for financial infrastructure for fintechs, has closed a $64 million Series A funding round. The timing of the raise coincides with the firm having crossed $100 million in annual revenue-run rate and 250 million API calls per month from its B2B customers. This is the first institutional round of funding […]
KINGSWAY CAPITAL LEADS $125M FUNDING ROUND IN BITCOIN MINER GENESIS DIGITAL ASSETS
Genesis Digital Assets, one of the world’s oldest crypto mining companies, raised $125 million in a growth funding led by UK-based private equity fund, Kingsway Capital with participation from a host of other investors. Genesis Digital Assets’ Bitcoin mining capacity reached over 150 megawatts. This means that, as of July, the company has seized control […]
