Kohl’s Receives $9 Billion Offer Backed by Activist Investor
The offer comes as the retailer, like other brick-and-mortar stores, struggles with supply chain problems and competition from online sites. The department store Kohl’s has received a roughly $9 billion offer to go private in a deal with an investment consortium backed by the activist hedge fund Starboard Value, according to two people familiar with […]
Britain’s DFI beats 2020 Africa Investment Summit pledge to invest GBP2bn in Africa
CDC Group, the UK’s development finance institution, has exceeded its 2020 commitment to invest GBP2 billion in Africa over the last two years. The company, which is soon to be renamed British International Investment (BII), has invested close to GBP2.2 billion in total in African businesses in 2020 and 2021, despite the unprecedented upheaval caused […]
Israel signs $3.4 bln submarines deal with Germany’s Thyssenkrupp
Israel has agreed with Thyssenkrupp Marine Systems to develop and produce three advanced submarines for the Israeli Navy in a deal worth 3 billion euros ($3.4 billion), Israel’s Defense Ministry said on Thursday. The parties also signed an industrial strategic cooperation agreement that amounts to more than 850 million euros, the ministry said. The first […]
Brookfield, Sequoia Capital China partner on ‘new economy’ infrastructure
Brookfield Asset Management, the Toronto-based real assets investment manager, and venture capital company Sequoia Capital China announced on Thursday a strategic partnership, focused on supporting entrepreneurs building companies on the mainland. The companies said the new partnership would wed Brookfield’s experience in the financing and operation of infrastructure and other real assets with the experience […]
Private Equity Expected to Take Over the Data Center Market With IT-spending Predicted to Grow to $4.5 Trillion in 2022
Private equity and large investment firms continued to grab more share of the data center market in 2021 by spending tens of billions of dollars via acqusitions, with no plans of slowing down in 2022. In late 2021, private equity firms KKR and Global Infrastructure Partners announced their plan to acquire U.S.-based data center giant CyrusOne for a whopping […]
KKR SPAC is Said to Weigh Deal for PetSmart at $14bn
Pet essentials retailer PetSmart is in talks to go public through a SPAC deal with KKR Acquisition Holdings Corp, Bloomberg News reported on Thursday, citing people familiar with the matter. The SPAC deal between the blank check company, backed by private equity firm KKR, and PetSmart would be valued at $14 billion, including debt, the […]
Private-equity firm BPEA sells Interplex to Blackstone in $1.6 bln deal
Hong Kong-based Baring Private Equity Asia (BPEA) said on Thursday it has sold customized technology solutions provider Interplex to private-equity funds managed by Blackstone Inc for an enterprise value of $1.6 billion. Read more/Source: Reuters
Permira funds to partner with Marucci family
Funds advised by local private equity firm Permira, supported a co-investor, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), have entered into a partnership with Kedrion’s existing shareholders (the Marcucci family and FSI) to jointly acquire and combine Kedrion and BPL. BPL, headquartered outside London, UK, operates a targeted portfolio of successful rare […]
TPG Said to Near Pathology Asia Stake Sale at $2 Billion Value
Private equity firm TPG Capital Asia is close to an agreement to sell a minority stake in Pathology Asia Holdings Pte in a deal that values the health-care business at about $2 billion, according to people with knowledge of the matter. Government-backed investors from Asia and the Middle East are among parties interested in taking […]
Banks Ready Sale of $10 Billion Debt for McAfee Leveraged Buyout
Banks are preparing to launch a $10 billion jumbo financing backing the leveraged buyout of cybersecurity software maker McAfee Corp., according to people with knowledge of the transaction. An investor group led by Advent International Corp., Permira Advisers and others agreed in November to buy out McAfee in a deal valuing the company at more […]
