KKR seeks $15 billion for flagship North America buyout fund
KKR & Co Inc aims to attract at least $15 billion for its flagship North America private equity fund, which would make it the second largest amount raised for a fund managed by the U.S. firm, people familiar with the matter said on Thursday. Buyout firms are seeking to tap cheap and plentiful financing for […]
L Catterton Said to Mull Japanese Eyewear Chain Owndays Sale
A sale of the eyewear chain could fetch about $300 million. L Catterton partnered with Mitsui to invest in Owndays in 2018. L Catterton Asia Advisors, the Asian arm of the namesake consumer-focused buyout firm, is exploring a sale of Japanese eyewear retailer Owndays Inc., people with knowledge of the matter said. L Catterton Asia […]
NBA franchises get green light to sell 30% of shares to private equity firms
Basketball league’s board sets limit at 20% stake per institutional investor, reports Sportico. The National Basketball Association (NBA) has moved closer to a framework for allowing private equity investors to own minority stakes in multiple franchises, according to a report by Sportico. The report says the NBA’s board of governors has agreed that private equity […]
EQT Expects ‘Significantly’ More Exits in Healthy Deals Market
EQT AB, one of Europe’s biggest private equity firms, plans to exit “significantly” more companies this year than in 2020 if the market remains healthy. Christian Sinding, chief executive officer of the Stockholm-based company, said companies high up on his list include SUSE, a German enterprise software developer, and Anticimex, a Swedish pest control business. […]
US private equity firm bids for UK pub group Marston’s
A takeover by Platinum Equity would be the first of a UK pub group since the pandemic started Marston’s, the UK pub company, has received an informal takeover proposal from Platinum Equity, the Beverly Hills-based private equity firm whose founder Tom Gores owns the Detroit Pistons basketball team. The FTSE-listed pub group said on Friday […]
Dr Martens makes £3.7bn market debut
Dr Martens stomped on to the stock market this morning with a £3.7 billion debut that values the business at more than ten times the amount its private equity owners paid six years ago, boosting hopes for the rush of listings that are waiting to follow. The boot maker, which has been revered by punks […]
TPG takes majority stake in Santa Clara cybersecurity company and brings in a new CEO
Santa Clara cybersecurity startup Centrify is about to have a new owner and a new CEO. TPG Capital has agreed to buy a majority stake in the company from fellow private equity giant Thoma Bravo, the firms announced Thursday. As part of the deal, TPG is bringing in former Symantec executive Art Gilliland as Centrify’s […]
Copley Equity invests in AeroMed Group
Copley Equity Partners (Copley Equity), a private equity firm and family office headquartered in Boston, Massachusetts has completed a growth investment in AeroMed Group (AeroMed) to facilitate the company’s acquisition of etaGLOBAL. Terms of the transaction have not been disclosed. AeroMed, based in Charlotte, NC, will utilise Copley’s investment to assist in the company’s strategy […]
General Atlantic invests in Equality Health
Equality Health, a provider of technology, services and support for value-based care, has secured a strategic investment from General Atlantic, a leading global growth equity firm, to fuel the Company’s next phase of growth as a value-based primary care network serving the Medicaid, Medicare and ACA Exchange populations. Existing investor Endeavour Capital will remain a […]
Fertitta-backed blank check firm to take Hillman public in $2.64 billion deal
Private equity-backed Hillman Group Inc plans to go public through a merger with billionaire Tilman Fertitta’s blank-check firm in a deal that values the hardware supplier at $2.64 billion, the companies said on Monday. The deal is expected to be partly funded by $500 million cash raised by the blank-check company, Landcadia Holdings III Inc, […]
