More multi-billion equity deals will be agreed across Europe, says LaLiga
The 1.99 billion euros ($2.24 billion) media rights deal between LaLiga and private equity firm CVC is likely to open the door for similar high-stake investments across Europe’s major soccer leagues, LaLiga told Reuters on Monday. Reuters reported in December that buyout funds including CVC and Bain Capital were lining up preliminary bids for a […]
Carlyle sells 48% stake in disinfectants maker PurposeBuilt
Carlyle Group sold its 48% stake in cleaning products maker PurposeBuilt Brands to a group led by Rock Mountain Capital and family-owned conglomerate Olayan Group, the firms said on Wednesday. A source familiar with the matter said valuation of PurposeBuilt, which is majority owned by TA Associates and the company management, stood at around $1.6 billion. […]
2021 UK private equity market soars as deal volumes and values set new record
Despite uncertainty caused by Covid-19, economic and geopolitical factors, new analysis from KPMG has confirmed that mid-market private equity investment in the UK in 2021 soared to the highest level ever recorded. Both volumes and values saw a boost, as a total of 803 deals, worth GBP46.8 billion were completed in 2021 – an increase […]
Blackstone, Carlyle mull $25bn bid for Novartis generics arm
Two private equity giants are reportedly discussing launching a joint bid for the generics unit of pharma giant Novartis, according to reports. Blackstone and Carlyle Group have discussed teaming up to launch a bid for the Sandoz generics arm of the Swiss drugmaker which could be valued at $25bn (£18.5bn), Bloomberg reported. Sandoz generated $9.7 […]
Carlyle to sell Cupa Group to Brookfield
Global investment firm Carlyle has agreed to sell its majority stake in Cupa Group (Cupa), an international producer of premium natural slate, to Brookfield and its institutional partners. The financial details of the transaction, which is subject to customary regulatory approvals, have not been disclosed. Carlyle invested in Cupa in October 2016 through Carlyle Europe Partners […]
AT&T to spin off WarnerMedia in $43 billion Discovery merger, cuts dividend
AT&T Inc said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc and also cut its dividend by nearly half. AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive a 0.24 shares of Warner Bros. Discovery for each AT&T share […]
McAfee Brings $3.3 Billion of Junk Bonds to Finance Buyout
McAfee Corp. came forward with a $3.3 billion two-part bond deal on Monday to help finance its leveraged buyout by a group of private equity firms, according to people with knowledge of the matter. The cybersecurity software maker is selling $1 billion of seven-year secured notes and $2.32 billion eight-year unsecured bonds, the people said, […]
Spanish fertility firm IVI-RMA attracts buyout bids worth $2.2 billion
Buyout funds including KKR and Permira are lining up preliminary bids worth up to 2 billion euros ($2.24 billion) for Spain’s IVI-RMA, sources told Reuters, amid growing demand for companies offering fertility treatment in Europe. Bain Capital, CVC Capital Partners, Carlyle and PAI Partners are also looking to submit offers for a controlling stake in […]
Apollo seeks approval for return to Las Vegas in $6.25B Sands deal
While walking through Central Park on a brisk fall morning in 2020, Apollo Global Management Partner David Sambur took a call from a financial representative who was tasked by Las Vegas Sands Corp. with selling the company’s Strip properties. VICI will pay Sands $4 billion for 63 acres of Strip real estate covering the Venetian, […]
BlackBerry to sell patents related to mobile devices, messaging for $600 million
BlackBerry Ltd, said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire the company’s patent assets. BlackBerry said the transaction with the vehicle, Catapult IP Innovations Inc, will not impact customers’ use of its products or […]
