Avalara investor seeks to block Vista Equity takeover
A large shareholder in Avalara Inc. said it plans to vote against a proposed $8.2 billion takeover by private equity firm Vista Equity Partners, arguing the sale process was flawed, poorly timed and the resulting price undervalues the tax-software company. Vista agreed to purchase Seattle-based Avalara last month for $93.50 a share in cash, a […]
BC Partners’ United Group to invest $2B in Greece by 2027
Balkan telecoms and media company United Group plans to invest $2bn in Greece up to 2027 to upgrade its telecoms infrastructure, the prime minister’s office said. United Group, majority owned by private equity firm BC Partners, will install a 10-gigabit fiber optics network to service 4.5 million customers, the office of Prime Minister Kyriakos Mitsotakis […]
Kim Kardashian starts private equity firm with Carlyle partner
Reality television star and entrepreneur Kim Kardashian and a former partner at Carlyle Group Inc are launching a new private equity firm focused on investing in consumer and media businesses, the Wall Street Journal reported on Wednesday. The new firm to be launched by Kardashian and Jay Sammons will be named SKKY Partners, the WSJ […]
Ares hires Blackstone’s Serocold to target Europe’s Rich
Ares Management Corp. has hired Mark Serocold from Blackstone Inc. to run a new investment unit targeting wealthy Europeans. Serocold, who joins in November, will head the EMEA arm of Ares Wealth Management Solutions, a unit created last October to target wealthy individual investors through private banks and wealth management firms, according to people familiar […]
Blackstone, Carlyle take different sides on Oil-And-Gas investment
Profits from oil-and-gas production have surged as crude prices hover at elevated levels, but volatile returns and a fraught political climate have created a divide among the biggest private-equity firms about whether investing in the sector is worth the headache. That has caused some of the biggest buyout firms to dial back their investment in […]
Permira Funds and the Marcucci family complete investment in Kedrion and BPL
Funds advised by Permira, in partnership with the Marcucci family and supported by their co-investors, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and Ampersand Capital Partners, have completed the joint acquisition and combination of Kedrion and BPL, alongside Kedrion’s existing shareholders, including FSI and CDP Equity and other minority investors. The business […]
Canada’s top pension funds plan infrastructure investments in Germany
The largest pension funds in Canada, with assets under management of over €766bn, plan to step up investments in Germany following a meeting with German chancellor Olaf Scholz and vice-chancellor Robert Habeck last week during a three-day visit. Caisse de dépôt et placement du Québec (CDPQ), with total assets worth C$392bn as of June this […]
New York Yankees and LA Fund to join investors in AC Milan
The New York Yankees baseball franchise and a Los Angeles investment fund are preparing to announce an investment in Italian football club AC Milan alongside US private equity group RedBird, which is closing in on the €1.2bn acquisition of Italy’s football champions, the Financial Times has revealed, citing two people with direct knowledge of the […]
Thoma Bravo leads $130m Series D round for mental health provider network Alma
Mental health care provider membership network Alma has picked up a $130m Series D investment round led by private equity major Thoma Bravo. Cigna Ventures and existing backers Insight Partners, Optum Ventures, Tusk Venture Partners, Primary Venture Partners and Sound Ventures also took part in the round, which more than double’s Alma’s total funding to […]
Blackstone establishes corporate private equity West Coast presence in San Francisco
Blackstone announced its Corporate Private Equity business is expanding its North America footprint through a new team based in San Francisco – building on the firm’s existing strong presence in its San Francisco office across its other business units. Mr. Bavishi was previously based in New York and has been a member of Blackstone’s Private […]
