One Equity Partners acquires VASS Consultoria de Sistemas
One Equity Partners (OEP), a middle market private equity firm, has completed the acquisition of VASS Consultoría de Sistemas (VASS), a European provider of digital transformation, cloud infrastructure and managed IT solutions. Financial terms of the transaction have not been disclosed. Headquartered in Madrid, Spain, VASS is focused on digitally transforming its customers’ value chain […]
M&A Bankers Clock Busiest-Ever Holiday Season in Final Deal Rush
Almost 2,500 transactions announced in final two weeks of 2020. Late rush caps off blockbuster second half for deals this year. Christmas was canceled for dealmakers after a record-breaking final burst of M&A activity at the end of the year. A total of 2,496 transactions were announced globally in the final two weeks of 2020, […]
Sorrell enters post-Brexit era with S4 takeovers worth £150m
S4 Capital will announce the takeovers of Decoded and Metric Theory on Monday, Sky News understands. The marketing services tycoon Sir Martin Sorrell will this week swoop to make two US additions worth more than $200m (£146m) to his digital advertising empire. Sky News understands that S4 Capital – founded by Sir Martin in the […]
Fiat and PSA’s Against-All-Odds Merger Nears the Finish Line
Fiat Chrysler Automobiles NV and PSA Group are poised to get shareholders’ sign-off on a combination that’s endured two years of extraordinary drama, marked by on-again off-again talks, the transformation of their industry and a global pandemic. At two separate meetings Monday, investors will be asked to approve a merger that will form Stellantis, the […]
African free trade bloc opens for business, but challenges remain
JOHANNESBURG (Reuters) – African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) […]
Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist
The IPO market is manic. Stocks haven’t been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated — all while volatility remains stubbornly high. It’s a setup that’s left investors sitting on fat returns from 2020, a year that defied easy explanation. It’s also one that […]
Santander rules itself out of race to buy TSB
TSB was put up for sale in November by its Spanish owner, Banco Sabadell Santander has ruled itself out of the race to acquire TSB after the British bank was put up for sale in November. Speculation was mounting that Santander would throw its hat in the ring as the Spanish bank sought to acquire […]
PE-VC investments in 2020 grow 6.6% to $39.2 bn on back of RIL deals
The bounce back in PE-VC investment activity was markedly concentrated on the two ends of the spectrum: large ticket deals and early stage deals Private Equity – Venture Capital (PE-VC) firms grew by 6.6 per cent in 2020 to $39.2 billion (across 814 deals) from $36.3 billion (1,012 deals) in 2019. The increase was largely […]
Gene Munster, who called Apple’s run to $2 trillion, says a path to $3 trillion is in sight
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in January, when he made the […]
David Montgomery buys JPI newspapers
Mirror Group veteran builds media group with titles including The Scotsman and Yorkshire Post. Newspaper veteran David Montgomery has agreed to buy The Scotsman, Yorkshire Post and other JPI Media titles for £10.2m, ending a drawn-out sales process of the UK’s third-largest local newspaper group. National World, Mr Montgomery’s takeover vehicle, on Thursday said the […]
