Star on alert as Blackstone ups Crown bid

Blackstone, which already owns 10 per cent of Crown and is its second-biggest shareholder, lobbed a sweetened takeover offer of $12.50 cash per share, valuing the beleaguered casino group at $8.5 billion. Crown chief executive Steve McCann said the group was considering the offer, which sent the casino giant’s shares soaring 16.57 per cent from […]

HIG Capital completes recapitalisation of Health Network One

HIG Capital (HIG) has completed the recapitalisation of Health Network One and its various affiliates and subsidiaries, a provider of specialty benefit management services for health insurers. Founded in 1999, Health Network One partners with health plans to optimise care across a number of specialties, including Physical, Occupational and Speech Therapy; Dermatology; Vision and Ophthalmology; […]

Charlie Mullins in line for £100 million payday after Pimlico Plumbers sale

London-based plumbing firm Pimlico Plumbers has been sold to US home services provider Neighborly in a deal that could net its founder Charlie Mullins more than £100 million ($137m). The 68-year-old had already garnered the reputation of Britain’s richest plumber with his business boasting annual sales over £50m and a high-profile client list. The deal […]

True Potential sells majority stake to private equity house Cinven

True Potential has sold a majority stake to private equity house Cinven to facilitate continued business growth and platform development. The company said it had a “highly scalable business model”, having built a bespoke and proprietary technology platform to serve both financial advisers and clients. True Potential, headquartered in Newcastle, was founded in 2007 by […]

Brightstar Capital Partners to acquire majority stake in XLerate

Brightstar Capital Partners (Brightstar), a private equity firm focused on partnering with families, founders, entrepreneurs and management teams, is to acquire a majority stake in XLerate Group (XLerate), a car auction and remarketing facilitation company.  The Company’s senior management team, as well as current owner Huron Capital, both will retain minority equity stakes in the […]

Investcorp completes sale of PRO Unlimited

Investcorp, a global provider and manager of alternative investment products, has completed the sale of PRO Unlimited by Investcorp and funds managed by Harvest Partners, an established New York-based private equity firm, to EQT Private Equity, a global investment firm.  Investcorp originally acquired PRO Unlimited in October 2014 and retained a significant minority stake following […]

HIG Capital completes acquisition of Jackson Paper Manufacturing and Sustainable Corrugated

An affiliate of HIG Capital (HIG) has completed the acquisition of Jackson Paper Manufacturing and Sustainable Corrugated (JPM). Founded in 1995, JPM is a leading vertically integrated manufacturer of 100% recycled corrugated packaging. Headquartered in Sylva, North Carolina, JPM specializes in the manufacturing of 100% recycled medium, corrugated sheets, and digitally printed corrugated packaging. JPM’s […]

AGIC Capital holds final closing of $1.2bn fund for investments in smart industries

European-Asian private equity firm AGIC Capital has held the final closing of its second fund, AGIC Fund II, which will be focused on advanced industrial and medical technology investments. AGIC Fund II raised $1.2 billion, reflecting a strong investor appetite for funds with distinctive investment strategies and innovative, differentiated approaches to post-investment value creation. It […]

Everstone snaps up Calibre Chemicals for about $100 mn

Singapore-headquartered private equity major Everstone Capital on Tuesday announced the acquisition of a controlling stake in Calibre Chemicals, which is a specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments, for a reported $100 million. The city-based, privately-held Calibre was established in 1984 and manufactures a range of specialty chemicals falling into […]

CVC and TA to partner with Mediaocean and fuel growth of global omnichannel advertising platform

Mediaocean, the leading global omnichannel advertising platform, today announced an investment from funds advised by CVC Capital Partners, along with TA Associates, who are acquiring the stake in the company held by Vista Equity Partners. As a leader in global advertising technology, Mediaocean helps the world’s top agencies and marketers manage $200 billion in annualized media spend. […]