Link Group to acquire Casa4Funds
Link Group is to acquire Casa4Funds from Banor Capital, subject to regulatory approval. Casa4Funds is one of the oldest European independent third-party UCITS Management Companies and Alternative Investment Fund Managers (AIFM), headquartered in Luxembourg. The acquisition will provide additional scale for Link Fund Solutions in Luxembourg, Europe’s largest investment fund centre. It will also provide […]
The Priory goes Private (Equity): UK rehab clinics sold in £1bn deal
The Priory Group, operators of the UK’s best-known rehab clinics, has been bought by private equity outfit Waterland. Acadia, the American owners of the Group, confirmed the offload before US markets opened. It will merge the two businesses and create what Waterland say will be “Europe’s leading rehabilitation and mental health services providers” The deal […]
How selling to yourself became private equity’s go-to deal
The pandemic has helped make a previously niche set of transactions more mainstream Private equity firms have a new set of buyers for their portfolio companies: themselves. Blackstone, EQT, BC Partners and Hellman & Friedman are among the buyout groups to have sold companies to funds that they control this year, or made plans to do so. […]
Investor PAG hunts for billion-dollar private equity deals in Japan
Asia-focused fund adds two specialists to scoop up noncore ops in corporate overhauls Hong Kong-based investment firm PAG looks to build up its private equity portfolio in Japan through deals worth hundreds of millions to a few billion dollars each, as Japanese companies increasingly divest noncore operations. PAG welcomes two Japanese investment veterans in January as […]
EU ambassadors approve provisional application of Brexit trade deal
BRUSSELS (Reuters) – Ambassadors of European Union governments in Brussels approved on Monday the provisional application from Jan 1, 2021 of the EU-Britain trade deal struck last week. “EU Ambassadors have unanimously approved the provisional application of the EU-UK Trade and Cooperation Agreement as of January 1, 2021,” the spokesman for the German EU Presidency […]
Qualtrics files IPO papers, aiming for valuation of up to $14.4 billion after spinning out of SAP
Qualtrics is about to go public, for real this time. The cloud software vendor, which SAP acquired two years ago on the eve of a planned IPO, filed its paperwork with the Securities and Exchange Commission on Monday to carry on as an independent company. The initial pricing range of $20 to $24 a share would value Qualtrics […]
Private equity firm’s SPAC TZP Strategies Acquisition files for a $250 million IPO
ZP Strategies Acquisition, a blank check company formed by TZP Group targeting the tech, business, and consumer sectors, filed on Monday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists […]
