Brazilian asset manager Vinci eyes deals at home after U.S. IPO
Vinci Partners Investment Ltd will use proceeds from its $250 million U.S. initial public offering to expand in its home Brazilian market, an executive at the alternative asset manager said on Thursday. The Rio de Janeiro-based firm intends to acquire rivals to expand its product suite, including in real estate, equities, and some credit strategies, […]
Malaysia private equity firm Creador targets July IPO for credit agency
Malaysian private equity firm Creador, which is hitting the road to raise up to $650 million for its fifth vehicle, is also preparing its exit pipeline for 2021, according to founder and CEO Brahmal Vasudevan. Creador, which has closed two big vehicles in the last five years, hopes to divest its more than five-year-old stakes […]
TPG Sells More Than 10% of Novotech to Investors Ahead of IPO
Private equity firm TPG is selling more than 10% of its clinical research and testing provider Novotech Pty Ltd to a group of investors. The transaction will value Novotech at more than $2.3 billion as the company prepares for an initial public offering in Hong Kong later this year, said Joel Thickins, head of Australia […]
SoftBank’s Claure-backed blank check firm looks to raise $200 million through IPO
LDH Growth Corp I, a blank-check company backed by SoftBank Group Corp Chief Operating Officer Marcelo Claure, said on Friday it was looking to raise up to $200 million in its initial public offering. The company, controlled by an affiliate of SoftBank, said it planned to sell 20 million units of shares and warrants at […]
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, […]
Blackstone-backed Patria eyes expansion in Latam, Asia
Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday. Patria raised $326 million in the IPO and shareholders selling stakes will receive $262 million. Blackstone, which acquired a 40% […]
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 […]
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 […]
Dr Martens boss set for ‘£58m windfall’ in stock market listing
Bosses at iconic British bootmaker Dr Martens are set for a bumper pay day as its London stock market listing edges closer. This month, the company confirmed it would IPO, floating after more than 60 years in business. Final offer pricing will be announced following the book-building process, although it has been reported that bankers […]
Polish locker company InPost valued at 7 billion-8 billion euros in IPO
WARSAW (Reuters) – Polish parcel locker firm InPost has set its price range in an initial public offering (IPO) in Amsterdam at 14-16 euros per share, which implies a valuation at 7 billion-8 billion euros, confirming an earlier Reuters report. The business is widely used in Poland by sellers on online commerce platform Allegro, which […]
