Blackstone in talks to buy Emerson Electric Assets
Emerson Electric Co. is in talks with Blackstone Inc. to sell at least part of its commercial and residential solutions business, according to people familiar with the matter. A deal could be valued at between $5 billion to $10 billion, depending on how much of the portfolio changes hands, said the people, who asked to […]
H.I.G. Capital acquires Morningside Healthcare and Morningside Pharmaceuticals
H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $50 billion of equity capital under management, is pleased to announce that its portfolio company Aspire Pharma has acquired Morningside Healthcare and Morningside Pharmaceuticals (together “Morningside” or the “Company”), a leading UK provider of niche generic and branded specialty pharmaceuticals. The financial terms […]
ECP buys into Biffa for £1.3B
Energy Capital Partners has acquired UK waste management company Biffa in a £1.3 billion deal. The Biffa Group operates across the waste management process, including surplus redistribution, recycling, treatment, energy generation, collection and disposal. Its customer base includes local governments, large corporates and SMEs, and purchasers of end-product commodities and energy. The firm has more […]
Blackstone acquisition values sunscreen brand Supergoop at up to $700m
Blackstone’s growth fund has bought a majority stake in sunscreen brand Supergoop at a $600 million to $700 million valuation, according to a report by Private Equity Insights. The firm said Blackstone’s investment will boost the company’s product range into the athletes and babies markets, and also extending its geographical reach to China. Goldman Sachs […]
BPEA exploring $8B merger of two business services portfolio companies
Baring Private Equity Asia (BPEA) is said to be looking to merge two of its portfolio companies – Tricor and Vistra – to create a new company at a valuation between $7 billion and $8 billion, according to a report by Bloomberg. Vistra specializes in corporate growth support including risk management and compliance, covering private […]
Apollo taps bond investors for M&A as Banks Retreat from Risk
Diminishing appetite and higher fees amongst banks to underwrite debt deals for their clients is resulting in private equity giants such as Apollo Global Management Inc. sidestepping banks and tapping investors directly for their acquisition needs. Banks arranging the 350 million euro ($349 million) high-yield bond sale for Apollo-owned Lottomatica SpA, including Barclays Plc and […]
Veritas Capital to acquire Sequa from Carlyle
An affiliate of Veritas Capital (Veritas), a technology and government investment firm, is to acquire Sequa Corporation (Sequa), parent company of Chromalloy, from funds managed by global investment firm Carlyle. Financial terms of the transaction have not been disclosed. Sequa, through its subsidiary Chromalloy, is a global technology company and a solutions provider for aircraft […]
GIC and Oak Street to acquire STORE Capital in $14B deal
GIC, a global institutional investor in partnership with Oak Street, a Division of Blue Owl, one of the largest net lease investors, are to acquire STORE Capital Corporation, an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, in an all-cash transaction valued at approximately $14 billion. Under […]
Carlyle acquires ManTech in $4.2B deal
Funds managed by global investment firm Carlyle have acquired ManTech International Corporation (ManTech), a provider of technologies and solutions for national security programmes, in an all-cash transaction representing a total enterprise value of approximately $4.2 billion. Under the terms of the go-private transaction, ManTech stockholders will receive $96.00 per share in cash. With the completion […]
Blackstone-backed Sphera to acquire riskmethods
Sphera, a global provider of ESG performance and risk management software, data and consulting services, and a portfolio company of Blackstone, is to acquire riskmethods, a Munich, Germany-based, software company specialising in supply chain risk management (SCRM). Its software platform collects supplier data and real-time information, distinguishes critical signals from “noise” and provides users with detailed […]
