Brookfield seeks to take real estate arm private in $5.9bn deal
Investment group offers near 15% premium to December share price of US mall operator Brookfield Asset Management has made an offer to take private its real estate arm Brookfield Property Partners, one of America’s biggest mall operators, in a $5.9bn deal. The Canadian investment group has offered $16.50 in cash for every share in the […]
SageWind portfolio company QuantiTech acquires Systems Engineering Group
QuantiTech, a portfolio company of Sagewind Capital (Sagewind), has acquired Systems Engineering Group, (SEG) from Griffon Corporation. Financial terms of the transaction have not been disclosed. Headquartered in Columbia, Maryland, SEG is a leading provider of threat engineering and modeling and simulation services to the US Government, primarily supporting the Naval Surface Warfare Center, Missile […]
GED invests in Comess Group
GED Capital, a private equity group specialised in the Iberian low middle-market segment, has invested in Comess Group through its GED VI Spain fund and a capital increase, becoming the company’s majority shareholder along with the existing partners, Manuel Robledo, president and founder of the company, and Oquendo. Founded in 1988, Comess Group operates more […]
Mayfair Equity Partners backs Seraphine in buy-out from Bridgepoint Growth
Mayfair Equity Partners (Mayfair), a leading tech and consumer growth investor, has backed the management buy-out of Seraphine, a maternity and nursing brand, which values the company at around GBP50 million. Mayfair, along with management, has acquired the company from Bridgepoint Growth and entrepreneur founder Cécile Reinaud. Launched in 2002 as a boutique store in […]
United Group to acquire Bulgarian media company Nova Broadcasting Group from Advance Media Group
United Group, a provider of telecommunications services and media in Southeast Europe, is to acquire Bulgaria’s largest multi-platform media company Nova Broadcasting Group from Advance Media Group. The transaction is expected to close early in 2021 and is subject to customary regulatory approvals. Nova comprises of 10 TV channels including national NOVA TV, the country’s […]
AMP Capital establishes Indian energy transmission platform with Sterlite Power
Global investment manager AMP Capital has established a 50/50 partnership with Sterlite Power Transmission Limited (Sterlite Power) for the development of energy transmission projects in India. This marks the first investment in India for AMP Capital’s global infrastructure equity strategy. AMP Capital and Sterlite Power will each invest an initial amount of approximately USD150 million […]
Transact pulls out of race to buy Nucleus
Transact has ditched potential plans to buy rival platform Nucleus, the third interested party to pull out the race for the firm since proposals were announced last month. In a stock exchange announcement yesterday afternoon (January 4), Integrafin Holdings, Transact’s parent company, said it had “no intention to make an offer” for the adviser wrap […]
Healthcare Giant Centene to Acquire Magellan Health for USD 2.2bn; 15% Premium
The acquisition will enable Centene to establish one of the nation’s largest behavioral health platforms across 41 million unique members. The Transaction: Centene Corp, St. Louis, Missouri-based healthcare insurer, announced today to acquire Magellan Health Inc, for an enterprise value of USD 2.2bn. Centene has agreed to pay USD 95 per share in cash to Magellan’s shareholders, representing c. 15% premium to Magellan’s last […]
Ladbrokes owner Entain rejects £8bn MGM takeover approach
Shares in UK group surge after proposal from one of US’s biggest casino operators Entain, the UK gambling group behind Ladbrokes and Coral, has rejected an £8bn takeover proposal from US casino operator MGM Resorts, arguing that it “significantly undervalues” the company. In a statement on Monday, the FTSE 100 company, which also owns sports-betting […]
Private equity, venture capital firms invest $598 million in Tamil Nadu
They struck 33 deals with T.N.-based companies in 2020 Despite the COVID-19 pandemic and several uncertainties, private equity and venture capital companies invested $598 million in Tamil Nadu-based companies through 33 deals during 2020. In 2019, the State attracted $1,641 million in private equity and venture capital investments through 54 deals, according to data sourced […]
