Boots chemists outlets could be worth €8.4bn as sale kicks off
Walgreens Boots Alliance in the US has kicked off the sales process for its Boots international retail chemists as fresh buyout firms, including Sycamore Partners, consider bids, according to sources. The US company is sending out preliminary information on the business to potential suitors ahead of first-round bids due in the coming weeks, the sources […]
Blackstone Tees Up $11bn in Fresh Capital for Asia Deals
Blackstone Inc. has amassed $11 billion to buy companies in Asia after raising its second private-equity fund for the region, nearly tripling its previous pool of capital raised in 2018. The world’s largest alternative asset manager raised $6.4 billion and will receive an additional $4.6 billion from Blackstone global funds for the pool, said Amit […]
KKR-backed Avendus Capital acquires Spark Capital’s institutional equities business for an undisclosed amount
The transaction, which comes at a time when a host of digital and new economy companies are taking the IPO route, will help KKR-backed Avendus to get into the institutional equities business and capital markets Homegrown investment banking firm Avendus Capital has acquired Chennai based mid-market investment banking firm Spark Capital’s institutional equities business for […]
Elliott and Vista nears $13 billion deal to buy Citrix
Elliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about $13 billion, according to a person familiar with the matter. The deal, which could be announced as soon as early this week, came after Elliott and Vista jointly tapped […]
CoinTracker raises USD100m in Series A led by Accel at a USD1.3bn valuation
CoinTracker, a specialist in cryptocurrency tax and portfolio tracking for consumers, has secured USD100 million in Series A financing, bringing the firm’s total valuation to USD1.3 billion. The round was led by Accel, with participation from new and previous investors including General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase Ventures, Intuit Ventures, Kraken […]
Abris Capital Partners to buy Romanian dental ware distributor Dentstore
Central European private equity investor Abris Capital Partners has signed an agreement to acquire Romanian dental consumables and equipment distributor Dentstore. Abris began investing in the dental sector in 2019, with the acquisition of Dentotal setting out a plan to create the clear leader in the dental supplies market in the region. Following the acquisition […]
Competition regulator chews over £7.1bn acquisition of Morrisons
The UK’s competition watchdog has formally opened an investigation into whether the acquisition of supermarket chain Morrisons by US private equity firm Clayton, Dubilier & Rice (CD&R) will reduce choice for supermarket customers in the country. CD&R, which has former Tesco boss Terry Leahy as a senior adviser, won an auction for Morrisons in October […]
BlackRock, Temasek staff up their Decarbonization Partners business
Meghan Sharp was named managing director and global head of Decarbonization Partners, the investment partnership between BlackRock and Temasek Holdings, Singapore’s state investment arm, according to an internal BlackRock memo provided to Pensions & Investments. Ian Kitchenham recently joined the decarbonization team as a director. He is based in London. Previously, he was chief operating officer […]
Blackstone’s record $1.4bn profit powered by real estate business
Blackstone Inc on Thursday said distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets to sell assets for top dollar. Blackstone said it generated $21 billion from cashing out investments, including the sale of sub-prime auto lender Exeter Finance to private equity firm […]
Blackstone seeks to use record war chest to capitalise on tech sell-off
Blackstone is on the lookout for buying opportunities from the global stock market slide that has started the year, particularly in hard-hit sectors such as ecommerce, cloud computing and cyber security. The company generated $5.8bn in quarterly revenues, with earnings per share up nearly 80 per cent at $1.92. It announced a quarterly dividend of […]
