Payments firm Flywire plans IPO at $3 billion valuation: sources
(Reuters) – Flywire Corp has hired investment banks to prepare for a U.S. initial public offering (IPO) later this year that could value the payments processor at around $3 billion, people familiar with the matter said on Friday. Flywire is working with Goldman Sachs Group Inc and JPMorgan Chase & Co on the listing, which […]
Shareholder in Russia’s Inter RAO pushes for acquisition of Uniper, Fortum assets
FRANKFURT/DUESSELDORF (Reuters) – Russia’s Inter RAO could boost its profits by buying Russian fossil fuel assets from Germany’s Uniper and Finland’s Fortum, a shareholder in the Moscow-listed company said on Friday. The remarks come a week after Uniper Chief Executive Andreas Schierenbeck fuelled speculation about a deal when he said his firm was open to […]
Billionaire brothers buying supermarket Asda gatecrash bidding battle for fashion chain Topshop
Zuber and Mohsin Issa have been locked in secret talks to buy the fashion brand US fashion giant, Authentic Brands, also lodged a bid last week Arcadia collapsed last month after being ravaged by the pandemic The billionaire brothers buying supermarket Asda have gatecrashed a bidding battle for fashion chain Topshop, The Mail on Sunday […]
China Evergrande New Energy Vehicle Co attracts investors to raise $3.4 bln
Property giant China Evergrande’s Hong-Kong listed electric vehicles firm said on Sunday it would bring in six new investors to raise HK$26 billion ($3.4 billion) to fund technology research and repay debt. China Evergrande New Energy Vehicle Ltd will issue 952.4 million shares at HK$27.3 each to the new investors who include China Gas Chairman […]
HCAP Partners invests in 83bar
HCAP Partners, a California-based private equity firm and nationally recognised impact investor, has invested in 83bar, an Austin, Texas-based specialist in patient journey management for both clinical trials and commercial clients across pharma, medical device, and diagnostic industries. The mezzanine debt infusion will be used to restructure existing debt, provide share redemption for a small […]
Going digital quickly is a priority for private equity
Tech upgrade often crucial for investors who want to sell within a few years of acquisition. Companies that undergo digital transformation can become more attractive for investors but when it comes to businesses owned by private equity, time is of the essence. Private equity owners are often in a rush to transform analogue enterprises into […]
NBA’s private equity plan in motion, betting on the allure of sports ownership
The NBA is banking on private equity investment to bring it financial optionality and a new pool sports ownership seekers. Ownership accoutrements. It’s the phrase National Basketball Association commissioner Adam Silver used in 2019 to help frame the attraction of becoming a sports owner. And Silver suggested the NBA could incentivize those looking to join […]
KKR-Owned Vitamin-Maker Bountiful Prepares for 2021 IPO
Company seeking to be valued at more than $6 billion. Bountiful changed name from Nature’s Bounty this month. The Bountiful Co., a nutritional supplements maker owned by private equity firm KKR & Co., is preparing to go public as soon as this year, according to people with knowledge of the matter. The company has held […]
EQT to buy Exeter Property Group in $1.9bn deal
The move will expand the Stockholm-based investor’s real estate operation. EQT, the Swedish private equity group, has agreed to buy Philadelphia-based real estate investor Exeter Property Group for $1.9bn, merging it with its own operations in a deal that will add $10bn to its assets under management. The buyout group will pay just over $1bn […]
ASOS emerges as surprise frontrunner to clinch TopShop crown
The online fashion retailer is leading the race to buy the biggest brand in Sir Philip Green’s former empire Sky News has learnt that ASOS has moved into pole position to buy the brand for more than £250m, days after a consortium led by Next withdrew from the race. If successful, it may renew fears […]
