HIG Capital completes recapitalisation of Health Network One

HIG Capital (HIG) has completed the recapitalisation of Health Network One and its various affiliates and subsidiaries, a provider of specialty benefit management services for health insurers. Founded in 1999, Health Network One partners with health plans to optimise care across a number of specialties, including Physical, Occupational and Speech Therapy; Dermatology; Vision and Ophthalmology; […]

Greasezilla Just Announced Investment from Sheltowee CleanTech Fund for New Site Development

Downey Ridge Environmental Company, developer of Greasezilla™ FOG separation and processing systems,  announces that Sheltowee CleanTech Fund I, LLC, is investing over $8 million to expand Greasezilla technology nationwide. Greasezilla will invest the capital to build ten new Greasezilla FOG receiving stations with private and public joint venture partners across the country. Greasezilla is actively seeking […]

Bayer to kick off sale of $2.4 billion pest control unit this summer

German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this summer with a price tag potentially topping 2 billion euros ($2.4 billion), people close to the matter said. The agrichemicals giant, looking to reduce debt in the wake of its $63 billion purchase of U.S. […]

Cerberus Raises $2.8 Billion for Flagship Global Opportunistic Real Estate Strategy

Cerberus Capital Management, L.P., yesterday announced the closing of approximately $2.8 billion of commitments for its flagship global opportunistic real estate strategy. Cerberus Institutional Real Estate Partners V, L.P. (“CIREP V”) closed with more than $2.5 billion in commitments with an additional $300 million committed to a dedicated investor fund for the strategy. CIREP V […]

UAE’s first independent digital banking platform launches

The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia Dubai-based YAP does not have a banking licence itself but has partnered with RAK Bank which provides international bank account numbers for YAP users and secures […]

SPACs Look to India for Next Wave of Targets, Nomura Says

Blank-check companies are increasingly looking to India for acquisition targets, which will keep the country’s recent dealmaking streak going, according to Nomura Holdings Inc. ReNew Power last week agreed to merge with a U.S.-listed special purpose acquisition company in a deal that will give India’s biggest renewable power producer an enterprise value of $8 billion. […]

McGuireWoods wants to diversify private equity

If you fill a room with private equity professionals, chances are that you won’t find many faces of women and people of color. A pair of partners at McGuireWoods hope a new initiative they launched in January can help change that. Securities department chair Greg Kilpatrick and tax and employee benefits department chair Gerald Thomas […]

TH Lee Is Said to Mull $3 Billion Material Handling Systems Sale

Buyout firm Thomas H. Lee Partners is considering a sale of Material Handling Systems Inc. that could value the logistics company at about $3 billion, according to people familiar with the matter. The Boston-based private equity firm is working with advisers to examine strategic options for the company, known as MHS, said the people, who […]

Apax Partners in preliminary talks to sell Italian consultancy BIP

The private equity owner of Italy’s Business Integration Partners (BIP) is working with Rothschild and Equita on a sale that could value the Milan-based consultancy firm at up to 720 million euros ($868 million), three sources told Reuters. Apax Partners, which bought 61.5% of BIP for more than 200 million euros in 2018, is in preliminary […]

Daimler Trucks labour chief wants clean tech investments in Germany

Daimler Trucks, which is being spun off by its parent group later this year, should invest much of a 1.5 billion euro ($1.8 billion) fund for cleaner technologies in Germany, works council chief Michael Brecht said on Saturday. Daimler announced the fund on Feb. 3 alongside plans to spin off the world’s largest truck and […]