Argan, TA Associates to sell controlling stake in Atria Convergence Technologies to Partners Group
Argan (Mauritius) Limited and TA Associates announced on August 13 that they have signed definitive agreements with Partners Group to divest stakes in Atria Convergence Technologies Limited. Argan will exit its entire shareholding in ACT, while TA will partially divest its shareholding, a press release noted. “The sale values ACT at an Enterprise Value of […]
Hellman & Friedman takes $3.5 billion bet on pets with Zooplus deal
Zooplus, one of Europe’s largest online pet supplies’ retailers, said on Friday it had received and accepted a 3 billion euros ($3.5 billion) takeover offer from U.S. private equity firm Hellman & Friedman. The offer represented a premium of 40% to the German company’s closing price on Thursday and was for a cash consideration of […]
EQT Private Equity sells Utimaco, a global leader in cybersecurity solutions
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Utimaco Verwaltungs GmbH (“Utimaco” or the “Company”) to SGT Capital LLC (“SGT”), a global alternative asset manager with offices in Germany and Singapore. Together with EQT Private Equity, Utimaco has executed an impressive innovation, growth and […]
CVC funds to buy European vodka maker Stock Spirits for $1 bln
CVC-affiliated funds will buy London-listed Stock Spirits (STCK.L) for about $1 billion, as the private equity firm looks to tap the popularity of its booze among millennials and women in central and eastern Europe. The takeover offer by CVC Capital Partners-affiliated funds of 377 pence per share for Stock Spirits represents a premium of 41% to the […]
Mailchimp Is Exploring a Sale at $10 Billion-Plus Valuation
Email marketing startup Mailchimp is exploring a sale that could value the company at more than $10 billion, according to people with knowledge of the matter. Atlanta-based Mailchimp is considering options that could also include the sale of a minority stake, said the people, who asked not to be identified because they weren’t authorized to speak […]
New Heritage Capital invests in Icelandirect
New Heritage Capital (Heritage), a Boston-based private equity firm, has made a new platform investment in Icelandirect, an importer, manufacturer and packager of marine oils and other nutraceutical products. Icelandirect has proven to be an invaluable partner for its customers, with extensive in-house formulation & packaging capabilities, a reputation for sourcing high-quality, hard-to-find ingredients from […]
French retailer Carrefour to launch $1.9 billion sale of Taiwan business
French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around 1.6 billion euros ($1.9 billion) in the coming weeks, three people with knowledge of the matter told Reuters. The supermarket chain operator has hired Morgan Stanley to run the sale, which is expected to kick off after […]
Cloud protection firm OwnBackup nears $3.35 billion valuation
U.S.-Israeli cloud data protection firm OwnBackup said on Tuesday it raised $240 million in a late-stage funding round to bring its valuation to near $3.35 billion. The round was co-led by Alkeon Capital and B Capital Group, and included a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global. Existing investors Insight […]
Baring Private Equity Asia buys Hinduja Group’s healthcare biz for $1.2 B
Indian firm Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction based on enterprise value of $1.2 billion, subject to closing adjustments, is […]
Blackstone to buy Canada’s WPT Industrial REIT for US$3.1-billion
Blackstone Group Inc. plans to buy Canada’s WPT Industrial REIT for US$3.1-billlion, as the private equity giant aims to capitalize on the pandemic’s major shift to e-commerce by acquiring dozens of warehouses and distribution centres. Blackstone’s REIT will pay WPT unitholders US$22 per unit to get its hands on WPT’s 110 industrial properties across 20 […]
