Bain Capital nears $2.27 bln deal to buy French IT services firm Inetum
U.S. buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 billion that would boost its presence across Europe’s tech sector, sources familiar with the matter told Reuters. Bain is putting the finishing touches to the transaction which could beryllium signed arsenic aboriginal arsenic […]
Atlantia Agrees to Acquire Siemens Traffic Unit for $1.1 Billion
Atlantia SpA, the infrastructure firm backed by the billionaire Benetton family, agreed to buy Siemens AG’s road traffic unit for 950 million euros ($1.1 billion) including debt. The Siemens management and supervisory boards have approved the planned sale of Yunex Traffic, which makes traffic lights and associated software systems, the Munich-based company said in a […]
Motor Fuel Group owners jumpstart £5bn sale of petrol forecourts giant
Clayton Dubilier & Rice has asked banks to pitch to advise on a sale of Motor Fuel Group, which it bought in 2015, Sky News learns. Britain’s biggest independent petrol forecourts operator is kicking off plans for a sale that could value it at about £5bn. Sky News has learnt that Motor Fuel Group (MFG), […]
Palihapitiya-backed SPAC to take biotech ProKidney public in $2.6 billion deal
Biotech ProKidney LP will merge with a blank-check firm backed by veteran dealmaker Chamath Palihapitiya to go public in a deal valuing the combined entity at $2.64 billion, the companies said on Tuesday. The merger with Social Capital Suvretta Holdings Corp III will hand ProKidney up to $825 million in gross proceeds to advance the […]
NeoGames acquires Aspire in €410m takeover financed by Blackstone backed $215m loan
The board of Aspire Global Plc has this morning ‘unanimously recommended’ an SEK 111 (€11) per share bid to shareholders, made on the behalf of NeoGames SA. The public tender offer values Aspire Global at a deal equivalent of SEK 4.3 billion (€410m), representing a 41% premium on the firm’s 17 January closing trading price on the Nordic […]
Asset manager Pimco joins song copyright investment frenzy
The US asset manager Pimco has teamed up with BMG to acquire music catalogues, according to people familiar with the matter, the latest large investor to wade into the frenzy for song copyrights. BMG, one of the world’s largest music companies, last year agreed a partnership with the private equity group KKR, allocating $1bn to […]
UK’s Clinigen agrees to sweetened $1.8bn Triton take-private deal
Britain’s Clinigen Group Plc has agreed to a sweetened takeover offer by UK-based private equity firm Triton, valuing the pharmaceutical services firm at about 1.3 billion pounds ($1.78 billion). New York-based Elliott, which had been raising its holding in Clinigen over the past few months amid reports it was seeking a break-up of the group, […]
Bankers prepare £25bn package as private equity firms circle GSK
Bankers are putting together major financing packages in preparation of a potential private equity bid for GlaxoSmithKline’s consumer healthcare business, according to reports. Lenders are reportedly modelling debt packages of between £20bn and £25bn in sterling, dollars and euro, according to Bloomberg, after it emerged that GSK had rebuffed three cash-and-share approaches from Marmite-maker Unilever […]
Carlyle provides £370m in debt financing for Caffè Nero
Global investment firm Carlyle announced that its Global Credit platform has provided a debt financing package of c. £370m to support the refinancing and future growth of The Caffè Nero Group, a leading operator of premium coffee shops. Founded over 20 years ago by Gerry Ford, who remains CEO today, The Caffè Nero Group operates […]
Bain Capital wants to buy outsourcing firm from Carlyle for $2bn
Bain Capital is in advanced talks to buy outsourcing firm VXI Global Solutions from Carlyle Group, people familiar with the matter said, five years after selling its stake in the business to its private equity rival. The company, which could be valued at $1.5 billion to $2 billion (around R30 billion) in a sale, had […]
