Citi and Barclays top M&A financial advisers by value and volume in power sector for Q1 2021, finds GlobalData
Citi and Barclays were the top mergers and acquisitions (M&A) financial advisers in the power sector for Q1 2021 by value and volume, respectively Citi advised on three deals worth USD10 billion, which was the highest value among all the advisers. Meanwhile, Barclays led in the volume terms having advised on six deals worth USD8.1 […]
Foodservice equipment maker Middleby to buy rival Welbilt for $2.9 billion
Foodservice equipment manufacturer Middleby Corp said on Wednesday it would buy smaller rival Welbilt Inc for about $2.9 billion in an all-stock deal to beef up its commercial foodservice platform The combined company will have about $3.7 billion in combined sales for 2020, with the commercial foodservice segment accounting for 73% of the total, the […]
Big ticket deals drive value of investment industry M&A
The worth of mergers and acquisitions throughout the funding business virtually tripled final 12 months, reaching its highest degree for the reason that international monetary disaster, as intense aggressive pressures spurred the most recent wave of consolidation exercise. Introduced M&A offers involving asset and wealth managers rose from $13.6bn in 2019 to $38.9bn final 12 […]
Proskauer poaches Sheppard Mullin practice leader as M&A, private equity co-head
Proskauer Rose lured a top M&A partner away from Sheppard, Mullin, Richter & Hampton, the firm announced on Thursday. Los Angles-based Will Chuchawat, who was team leader of Sheppard Mullin’s M&A group, focuses his practice on private equity, with a clientele that includes technology and aerospace companies and an emphasis on leveraged buyouts, growth equity […]
Memsource acquires Phrase
Memsource, an AI-powered translation management system, together with its majority shareholder The Carlyle Group, has acquired Phrase, a leading software localisation platform. Headquartered in Prague, Czech Republic, Memsource is a translation technology provider that assists global corporations and the language services industry in automating the localisation of large volumes of multilingual content. The company is […]
Shippeo secures USD32m investment from Battery Ventures and existing investors
Shippeo, a specialist in real-time transportation visibility (RTTV), has secured USD32 million in an investment round co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation. The […]
Birkenstock in Talks for $5 Billion Sale to CVC Capital
(Bloomberg) — Birkenstock, the German company behind the iconic sandals worn by hippies and preppies alike, is in talks to be taken over by CVC Capital Partners, according to people familiar with the matter. The private equity firm is in advanced negotiations with the family owners of the nearly 250-year-old brand, according to the people, […]
Deutsche Telekom looking to sell Dutch unit
Deutsche Telekom is preparing a sale of its Dutch subsidiary T-Mobile Netherlands, Dutch financial daily Financieele Dagblad said on Monday. Citing sources close to the matter, the paper said Deutsche Telekom is looking to sell the mobile phone operator to private equity investors in a deal that could be worth 4 billion to 5 billion […]
NCR throws hat in the ring for Cardtronics with $1.73 billion offer
(Reuters) – NCR Corporation on Monday offered to buy Cardtronics Plc for about $1.73 billion in cash, threatening to derail the ATM operator’s acquisition by private equity firm Apollo Global and investment firm Hudson Executive Capital. Atlanta-based NCR, which makes ATMs and self-service kiosks for the retail and hospitality industries, proposed to buy all outstanding […]
Buyout giant Silver Lake closes in on stake in New Zealand All Blacks
New Zealand Rugby is in advanced discussions about the sale of a stake to buyout firm Silver Lake, Sky News understands. The American private equity investor which part-owns Manchester City Football Club is in advanced talks to buy a stake in the New Zealand All Blacks, one of the most iconic names in global sport. […]
