Sunpower Group divests non-core business for 2.3b yuan in management buyout
SUNPOWER Group is divesting its manufacturing and services (M&S) business for 2.3 billion yuan (S$463.3 million), after which 1.3 billion yuan of the net proceeds will be used for a proposed special dividend amounting to 1.1627 yuan per share on a fully-diluted basis. The group announced on Thursday that it has agreed to fully sell […]
Verizon, Hearst Television reach deal to avoid blackout in some U.S. markets
(Reuters) – Verizon Communications Inc said on Friday it has reached a distribution agreement with Hearst Television to avoid a New Year’s Day blackout of the broadcasting group’s channels on Verizon’s fiber-optic networks in U.S. markets including Boston and Baltimore. “Verizon Fios has been able to reach an agreement with Hearst Television,” a company representative […]
Thoma Bravo Announces Completion of Strategic Growth Investment in Venafi
Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, today announced the completion of its strategic growth investment in Venafi, the inventor and leading provider of machine identity management. “We are thrilled to partner with Thoma Bravo at a time when companies around the world are realizing that […]
Balmoral Sells VESTA Modular, a Leading Provider of Temporary and Permanent Modular Space Solutions
Balmoral Funds LLC announced today the sale of VESTA Housing Solutions LLC to Kinderhook Industries, LLC and management. Financial terms of the transaction were not disclosed. Founded in 2014 and headquartered in Southfield, MI, VESTA is a leading provider of temporary and permanent modular space solutions. The Company operates two divisions – (i) modular space […]
Countrywide agrees to takeover by rival Connells
Estate agency had been weighing rescue options to reverse long decline in share price Connells has reached an agreement to buy rival UK estate agency Countrywide, drawing a line under a long-running battle for control of the company. The deal is a lifeline for Countrywide, which has been weighing rescue options to reverse a decline […]
M&A rebounds sharply to hit $3.6tn in 2020
Deals were halted by the coronavirus but big transactions returned in the last few months A flurry of big deals in the last few weeks drove global mergers and acquisitions to $3.6tn in 2020, representing an extraordinary rebound of takeover activity in the second half of the year. The 2020 total value of deals is […]
US investment firm ALK Capital buys Premier League team Burnley
US investment firm ALK Capital buys Premier League team Burnley An American investment group has agreed to take control of Burnley football club, the latest English Premier League side to attract US owners. ALK Capital has agreed to buy an 84 per cent shareholding in Burnley, which was established as a football club in 1882. […]
Onex acquires Falcon Investment Advisors
Onex Corporation has acquired Falcon Investment Advisors, LLC, a Boston based private credit manager, from founder Sandeep D. Alva. Financial terms were not disclosed. Onex Corporation today announced that it has acquired Falcon Investment Advisors, LLC, a leading U.S. private credit manager, to expand its established credit platform and solidify its market position in tradeable, […]
World’s Largest Technology Products Distributor Sold to Private Equity Firm in $7.2 Billion Deal
One of the world’s largest investment firms is making a splash in the technology products sector by buying the world’s largest distributor of computer and technology products. Platinum Equity announced on December 9 that it has reached an agreement to acquire Ingram Micro, a distributor of information technology products, in a deal valued at $7.2 billion. Platinum Equity is buying […]
Riverside sells temporary traffic safety management solutions provider AWP
Global private equity firm The Riverside Company has sold Area Wide Protective (AWP). Terms of the transaction have not been disclosed. Headquartered in North Canton, Ohio, AWP is a provider of outsourced temporary traffic safety management (TTSM) solutions supporting infrastructure repair, maintenance and upgrade activities for a broad range of blue-chip utilities, utility contractors and […]
