Cinven tables £1.4bn bid for FTSE 250 asset manager Sanne
Asset manager Sanne has sat down with private equity suitor Cinven after already rejecting its advances four times. The two plan to hold talks over the £1.4 billion potential offer that Cinven has indicated it could make for the Jersey-based company. Sanne first revealed that it was being courted by Cinven a month ago. The […]
KPS Capital Partners to acquire Siderforgerossi Group
KPS Capital Partners (KPS) has signed a definitive agreement to acquire Siderforgerossi Group, SpA (Siderforgerossi), a global manufacturer of large diameter forged products. Upon completion of the transaction, Siderforgerossi will become the fifth acquisition completed by KPS Special Situations Mid-Cap Fund (the “Mid-Cap Fund”) and KPS’ second Mid-Cap Fund acquisition in Italy in 2021. Ryan […]
Private Equity Firms Just Acquired ExtraHop in $900 Million Deal
ExtraHop announced Tuesday it has entered into a definitive agreement to be acquired by the private equity firms Bain Capital Private Equity and Crosspoint Capital Partners for $900 million. “We believe that network detection and response is the next major cybersecurity segment and that ExtraHop has the best enterprise technology in the space,” says David Humphrey, […]
Concord Pacific and HB Management to Become the Majority Shareholder in HQ Capital Real Estate
Concord Pacific and HB Management today announced it has entered into strategic agreements to become a majority shareholder of HQ Capital Real Estate. HQ will continue to own a minority interest in the ongoing business and maintain a close partnership going forward. Concord Pacific has always been active in multiple industries, including real estate development, […]
Macquarie Infrastructure Corporation Announces Agreement to Sell Atlantic Aviation to KKR for $4.475 Billion
Macquarie Infrastructure Corporation (NYSE: MIC) and KKR today announced the signing of a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for $4.475 billion in cash and assumed debt and reorganization obligations. Atlantic Aviation operates one of the largest networks of fixed base operations (FBOs) in the U.S. providing a full […]
CVC serves up $600m global tennis merger as ATP and WTA eye match-up
The former owner of Formula One motor racing is in talks about a $600m deal that could transform the face of global tennis by combining the organizers of the men’s and women’s tours under a single commercial entity. CVC Capital Partners is in detailed negotiations about an investment in the merged professional tours. The talks […]
Reckitt Benckiser to sell baby formula unit in $2.2bn deal
Reckitt Benquiser has agreed to sell its milk powder business in China to private equity firm Primavera. In this transaction, the unit is valued at $ 2.2 billion. A UK-based consumer goods company expects to receive approximately $ 1.3 billion in cash from transactions, which will be used to repay debt and hold an 8% […]
KKR completes acquisition of Ensono
KKR, a global investment firm, and Ensono, a leading hybrid IT services provider, have closed the previously announced acquisition of Ensono by KKR. Ensono provides a comprehensive suite of services that help enterprises manage, optimise and modernise their IT systems across mainframe, cloud and hybrid infrastructure. “Joining the KKR family strengthens our position as a […]
FireEye to sell products business for $1.2 billion to Symphony-led investor group
U.S. cybersecurity firm FireEye Inc said on Wednesday it would sell its products business, including the FireEye name, to a consortium led by private-equity firm Symphony Technology Group for $1.2 billion in cash. The deal will separate FireEye’s network, email and cloud security products from its cyber forensics unit, Mandiant Solutions. The deal is expected […]
General Atantic completes growth investment in Buff City Soap
General Atlantic, a growth equity firm, has completed a growth investment in Buff City Soap, a plant-based home and personal care brand franchise. Buff City Soap will use the funds to support continued store openings, product category expansion, and growth in e-commerce. “With a handmade product line and a focus on transparency, Buff City […]
