Marathon Oil acquires Warburg Pincus-backed Ensign Natural Resources for $3B
Ensign Natural Resources (Ensign), an exploration and production company operating in the Eagle Ford Shale in South Texas, formed in 2017 in partnership with Warburg Pincus, is selling its assets to Marathon Oil, for a total cash consideration of $3.0 billion, including closing adjustments. Warburg Pincus has invested in energy companies for over thirty years, […]
Wafra raises $1.5B to acquire minority stakes in alt asset managers
Wafra Inc has raised $1.5 billion for its fourth flagship fund which will look to acquire minority stakes in alternative asset managers, including private equity firms, according to a report by Reuters. The report cites Daniel Adamson, a Wafra senior managing director, as confirming that Capital Generation IV will target “lower middle-market” firms with less […]
Carlyle-backed Copia Power merges with Birch Infrastructure
Copia Power (Copia) has completed a strategic merger with Birch Infrastructure’s (Birch) renewable energy business, building on a multi-year partnership between the two firms. Copia is a renewable development platform formed in 2021 by global investment firm Carlyle (NASDAQ: CG) to develop and operate large-scale renewable energy projects and seek to play a significant role […]
Nuveen to acquire Arcmont Asset Management in $1B deal
Nuveen, the investment manager of TIAA, is to acquire a controlling interest in Arcmont Asset Management, a European private debt investment manager with $21 billion in committed capital, in a deal reportedly worth over $1 billion. The acquisition will expand Nuveen’s private capital expertise and presence into Europe, complementing its North American private debt and […]
Musk completes US$44B Twitter deal
Elon Musk completed his US$44 billion acquisition of Twitter Inc., according to people familiar with the matter, putting the world’s richest man in charge of the struggling social network after six months of public and legal wrangling over the deal. Shareholders will be paid $54.20 per share, and Twitter will now operate as a private […]
General Atlantic acquires Iron Park Capital and forms General Atlantic Credit
General Atlantic, a global growth equity firm, is to acquire Iron Park Capital Partners (Iron Park), a global investment manager with deep experience across public and private credit markets, to create General Atlantic Credit (GA Credit). Iron Park currently offers a range of credit solutions that are rooted in a robust and well-developed investment process […]
KKR acquires Ness Digital Engineering
KKR is to acquires Ness Digital Engineering (Ness), a global full-lifecycle provider a provider of end-to-end digital transformation services that specialises in building digital software products and platforms, from The Rohatyn Group (TRG). Ness adds to KKR’s global portfolio of technology investments, which includes Cloudera, a provider of enterprise-grade, hybrid data management software in the […]
The Carlyle Group acquires majority stake in Garnica for €500m
The Carlyle Group has acquired a majority stake in Spain-based plywood manufacturer Garnica from Intermediate Capital Group (ICG) and certain shareholders in a €500 million deal. The transactions sees ICG exit the company, while the Garnica family will reinvest part of the money obtained and retain, along with the management team, a meaningful stake in […]
CVC and Nordic Capital complete acquisition of Cary Group
CVC Fund VIII and Nordic Capital have completed the acquisition and delisting from Nasdaq Stockholm of Cary Group, a European vehicle glass repair and replacement service provider. CVC and Nordic Capital see a great opportunity across the fragmented European market for Cary Group to expedite its expansion and by staying at the forefront of digitalisation […]
Hellman & Friedman’s Cordis acquires Medalliance in $1.135B deal
Cordis, which was acquired by H&F in August 2021, is to make an initial $35 million investment and provide an upfront payment of $200 million at closing in 2023. Achieving regulatory milestones will trigger a $125 million payment and commercial achievements through to 2029 are tied to an additional $775 million. Cordis, which formerly owned […]
