Blackstone buys Toronto rental development company in a US$3.5-billion deal
New York-based Blackstone, the world’s largest alternative asset manager, says it will pay about US$11.25 per common share for Tricon Residential Inc. which equates to a US$3.5 billion equity transaction. Blackstone will take the Toronto-based rental development company private. Tricon is an owner, operator and developer of about 38,000 single-family rental homes in the U.S. […]
Kaman to be Acquired by Arcline for $1.8 Billion
Arcline acquires KAMAN, in an all-cash transaction with a total enterprise value of approximately $1.8 billion. KAMAN will become a a private held company, upon completion of the transaction. Arcline is a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses. “Following robust engagement with Arcline and careful evaluation of other […]
UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy
Deal aims to contain a crisis of confidence in global financial markets. Priced at more than $3 billion, all share deal, also priced at fraction of Credit Suisse’s Friday close. Credit Suisse was valued at about 7.4 billion francs ($8 billion) on Friday. Despite avoiding a bailout amidst the financial crisis, Credit Suisse has faced […]
UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal
Deal aims to contain a crisis of confidence in global financial markets. Priced at more than $3 billion, all share deal, also priced at fraction of Credit Suisse’s Friday close. Credit Suisse was valued at about 7.4 billion francs ($8 billion) on Friday. Despite avoiding a bailout amidst the financial crisis, Credit Suisse has faced […]
Blackstone commits up to $359m to acquire majority stake in R Systems
Private equity funds managed by Blackstone have signed definitive agreements with Satinder Singh Rekhi and other current promoters to purchase a majority stake in R Systems International Limited (R Systems) for up to $359 million. R System’s revenue for the last twelve months, as of September 30, 2022, was ~$189 million, representing year-on-year growth of […]
Centerbridge and Bridgeport complete $1.6B CSI acquisition
Private equity firms Centerbridge Partners (Centerbridge) and Bridgeport Partners (Bridgeport), have completed their acquisition of Computer Services, Inc (CSI), a provider of end-to-end fintech and regtech solutions, for $1.6 billion. The acquisition, which was previously announced on 22 August, 2022, closed in an all-cash transaction with a purchase price of $58.00 per share. CSI’s shareholders […]
Bain Capital to acquire Japanese clothing firm Mash Holdings for $1.4B
Bain Capital has agreed a JPY100 billion ($1.4bn) deal to acquire Japanese apparel maker Mash Holdings in one of the largest private equity deals in the country’s fashion industry, according to a report by Nikkei. Bain Capital will reportedly acquire 100% of Mash’s shares, including those of founder and President Hiroyuki Kondo who will remain […]
BlackRock to acquire Jupiter Power from EnCap Investments
BlackRock Alternatives (BlackRock), through a fund managed by its Diversified Infrastructure business, has agreed to acquire Jupiter Power (Jupiter), a US operator and developer of stand-alone, utility-scale battery energy storage systems. EnCap Energy Transition Fund I (EETF I) and co-investment partners Yorktown Partners and Mercuria Energy are selling Jupiter, and the transaction is expected to […]
Apax, TA, Carlyle make shortlist to acquire 40% Quest Global stake for $1B
Three private equity investors – Apax Partners, TA Associates and Carlyle – have made the shortlist to acquire a significant minority stake in Singapore-based engineering outsourcing firm Quest Global in a $1 billion deal that could value the business at around $2.5 billion. And the report cites unnamed sources as revealing that other PE funds […]
KKR to acquire Albioma for €485m
KKR & Co has made an offer to buy Albioma SA, an independent renewable energy producer in France, for €485 million. CDPQ, the main lender in the transaction, alongside other commercial lenders and banks, has provided the acquisition financing to support the tender offer. Albioma SA operates over 1 GW of installed capacity around the […]
