CVC Credit supports acquisition of Pharmathen by Partners Group
CVC Credit has co-arranged the unitranche debt facilities, featuring an ESG margin ratchet, to support Partners Group’s acquisition (on behalf of its clients) of Pharmathen, a European pharmaceutical company, which closed on 20 January 2022. CVC Credit will support the continuing growth strategy of the business through its European Direct Lending Strategy, which focuses on […]
Temasek to acquire Bridgepoint’s UK-based testing firm for $7bn
Singapore’s Temasek Holdings has agreed to buy Element Materials Technology for about $7bn, as it sees an opportunity to boost growth at the testing and inspection services provider, two sources familiar with the matter said. State investor Temasek, which acquired a significant minority stake in Element in 2019, is buying the company from London-listed buyout […]
Francisco Partners scoops up bulk of IBM’s Watson Health unit, valued at around $1bn
In what has to be considered an anticlimactic ending, IBM sold off the data assets of its Watson Health unit to private equity firm Francisco Partners today. The two firms did not share the purchase price, but previous reports pegged the value at around $1bn. It went on to spend $1 billion on Merge Healthcare […]
Carlyle Says Corporate Carveouts Will Drive Private Equity Deals
Private equity firms can look forward to a rich hunting ground for deals in 2022 as Europe’s corporate titans seek ways to shed businesses, according to one of Carlyle Group Inc.’s top dealmakers in the region. GlaxoSmithKline Plc last week saw Unilever Plc drop a 50 billion-pound ($68 billion) pursuit of its consumer products division, […]
Cycling brand Raleigh snapped up by US private equity firm KKR in €1.56bn takeover of bike maker Accell
The deal marks the latest sign of rising investor interest in the e-bike industry The Dutch firm that owns Raleigh, one of the world’s oldest cycling brands, will be sold to a consortium of investors led by US private equity firm KKR as a worldwide bike boom continues. The deal values bicycle firm Accell Group […]
Private equity bought £11.9bn worth of European oil and gas businesses last year as shift to renewable energy left industry assets looking cheap
Private equity funds bought £11.9billion worth of European oil and gas businesses last year as the shift to renewable energy left industry assets looking cheap. UK businesses made up five of the 12 deals completed in Europe, totalling around £2.4billion, according to research from law firm Mayer Brown. Mayer Brown partner Bob Palmer noted that the […]
BigTime Software secures USD100m strategic growth investment from Vista Equity Partners
BigTime Software, a provider of cloud-based software for professional services firms, has secured a USD100 million strategic growth investment from Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. Existing BigTime investor Wavecrest Growth Partners will retain a stake in the Company, alongside the Company’s founder, Brian […]
Ropes & Gray advises Monomoy Capital Partners on Fund IV, with over USD1.1bn in commitments
Ropes & Gray has advised Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, in the formation of its fourth private equity fund (Fund IV). The fund was oversubscribed with commitments over USD1.1 billion. Monomoy secured commitments from a globally-diversified group of limited partners for Fund IV comprised of leading endowments, […]
Vodafone and Iliad in talks to combine Italian units
Vodafone Group Plc and Iliad SA are discussing a deal that would merge their businesses in Italy, Reuters reported, citing people familiar with the situation that it didn’t identify. The combination would create a business with combined revenue of almost 6 billion euros ($6.8 billion). Iliad, which is set to start up wireline broadband operations […]
Unit Corp. Seeking $1 Billion Sale of Anadarko, Gulf Coast Gas Assets
Unit Corp., which filed for bankruptcy in May 2020 at the height of a slump in oil prices, has reached out to interested parties for a divestiture of its upstream subsidiary Unit Petroleum Co., sources say. Unit Corp., one of the top U.S. natural gas producers, has hired an investment bank for a sale of […]
