Goldman Sachs’ Petershill nears deal for Arsenal Capital stake
Petershill Partners Plc, the London-listed subsidiary of Goldman Sachs Group Inc’s asset management division, is nearing a deal to acquire a stake in private equity firm Arsenal Capital Partners, people familiar with the matter said. New York-based Arsenal Capital makes buyout and growth equity investments in businesses primarily in the industrials and healthcare sectors. The firm […]
Buyout fund Ardian makes $1.2 bln swoop on Italy’s Biofarma Group
European private equity firm Ardian has clinched a deal to buy Italian drug firm Biofarma Group for about 1.1 billion euros ($1.26 billion) – its second pharmaceutical deal in less than a year, two sources with knowledge of the matter told Reuters. The transaction, which could be announced as early as Monday, will see Ardian […]
GTCR Nears $1.2 Billion Deal to Buy Warburg’s Experity
Private equity firm GTCR is nearing a deal to buy Warburg Pincus’s health-care IT firm Experity Inc. for about $1.2 billion, according to people with knowledge of the matter. Experity, which provides software to urgent care practices and doctors’ offices, drew interest from several firms in a competitive auction run by William Blair & Co., […]
Permira Credit supports CVC’s Rayner acquisition
Funds advised by alternative credit provider Permira Credit are acting as sole senior secured lender to CVC Capital Partners on its acquisition of Rayner Surgical Group (Rayner). The support highlights Permira Credit’s focus on high-quality, growing businesses and builds on Permira’s proven track record of investing in the healthcare sector. Founded in 1910, Rayner is a […]
Private Debt AUM Set to double to USD2.69 trillion by 2026
Annualised figures from October 2021 put private debt assets under management (AUM) near USD1.21 trillion for the full year, off the back of a decade of 13.5 per cent annual growth, according to the 2022 Global Private Debt Report, published by Preqin. Preqin forecasts that private debt will continue to grow, with AUM more than […]
Citadel Securities valued at $22 bln after Sequoia, Paradigm take stake
Citadel Securities said on Tuesday venture capital firm Sequoia Capital and crypto-focused investment company Paradigm had made a $1.15bn minority investment in it, giving the market maker founded by billionaire Ken Griffin a valuation of nearly $22bn. The restrictions, which drew the ire of some retail investors, followed a stunning rally that sparked a “short […]
Billionaire Michael Kim’s Private-Equity Firm Sells Stake to Dyal Capital
MBK Partners, a North Asia-focused private equity firm founded by billionaire Michael Kim, has agreed to sell a roughly 13% stake to Dyal Capital Partners, according to people with knowledge of the matter. The transaction is valued at about $1 billion, the people said, asking not to be identified because the information is confidential. The […]
Exxon, Imperial Oil to market up to $1 billion in Canadian assets
Exxon Mobil on Wednesday plans to offer for sale shale oil and gas properties in Western Canada, a decision that could make oil sands its largest Canadian onshore production business. Past divestitures have raised more than $1.1 billion from sales of Exxon’s U.S. Gulf of Mexico and U.K. North Sea properties. It recently put several packages […]
Food tech’s newest unicorn Flipdish hits USD1.25bn valuation after Tencent-led cUSD100m investment
Flipdish, an international online ordering and digital experience platform for hospitality, has received a cUS100 million investment led by Tencent. The funding values the company at over USD1.25 billion and follows a USD48.5m investment from Tiger Global Management in February 2021. Tencent join other existing Flipdish investors Global Founders Capital, Elkstone, Enterprise Ireland and Growing […]
Jet Edge International secures additional USD75m investment from KKR
Jet Edge International, an Ohio-based private aviation company, has raised an additional USD75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately USD265 million over the past year. Following the initial USD150 million credit facility announced in June […]
