Coca-Cola’s European bottler sweetens takeover offer for Aussie peer Amatil
The European bottling arm of Coca-Cola has sweetened its final, binding takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share, reflecting a jump in the company’s market value since an initial offer last year. Coca-Cola European Partners (CCEP) said on Monday it was raising the offer by 6% to A$13.5 per share, […]
Golub Capital BDC, Inc. Announces New $475.0 Million Senior Secured Revolving Credit Facility
Golub Capital BDC, Inc. today announced the closing of a new senior secured syndicated revolving credit facility. The Facility is led by JPMorgan Chase Bank, and includes a total of six bank participants. The Facility closed on February 11, 2021. Under the Facility, the lenders have agreed to extend credit to us in an initial […]
Lanxess buys U.S.-based Emerald for enterprise value of $1.08 billion
German chemical company Lanxess on Saturday said it signed a deal to acquire U.S.-based specialty chemicals company Emerald Kalama Chemical for an enterprise value of about $1.08 billion. The acquisition will be financed by Lanxess’s existing liquidity, the company said in a statement, adding that the deal was expected to close in the second half […]
The Bumble IPO And Blackstone’s Private Equity Gold Mine
The $2.2 billion initial public offering of dating application Bumble on Thursday went off like so many before it. Bumble’s bankers upped its IPO price about 50% from an initial range to meet fierce demand for shares, but it didn’t tame the raging animal spirits of investors bidding up tech stock valuations into the stratosphere. […]
LDC-backed Onecom acquires Olive Communications
Onecom has acquired its closest rival, Olive Communications, in a move which creates one of the largest business-to-business mobile, fixed-line and cloud specialists in the UK. Together, Onecom and Olive will provide services to more than 500,000 corporate and business end users this year, generating combined annual turnover of more than GBP140 million. The acquisition […]
CVC in talks to buy stake in San Antonio Spurs at $1.3bn valuation
CVC Capital Partners is in talks to buy a minority stake in the San Antonio Spurs at a roughly $1.3bn valuation, in a move that signals how private equity is poised to reshape the ownership structures of National Basketball Association franchises. The Luxembourg-based buyout group is seeking a stake of about 15 per cent in […]
BlackRock Long Term Private Capital to acquire UK pensions software provider Aquila Heywood
BlackRock Long Term Private Capital (LTPC) announces it has reached an agreement to acquire Aquila Heywood, a UK based market leader in pensions administration software and services. The investment will enable Aquila Heywood to further grow its highly innovative suite of software solutions, supporting the current and future needs of a fast-growing customer base within […]
Bunker Hill Capital sells Taos Mountain
Bunker Hill Capital, a Boston-based private equity investor in lower middle market companies, has sold Taos Mountain (Taos), a San Jose-based multi-cloud consulting firm, to IBM. Bunker Hill Capital acquired Taos in August 2015 and was joined in the transaction with equity, senior debt and subordinated debt financing from Ric Urrutia, Abacus Finance Group, GMB […]
Rivals Blackstone and GIP join forces in £3.5bn Signature Aviation offer
Private equity groups end their battle for control of the UK-listed private jet services group Blackstone and Global Infrastructure Partners have ended their takeover battle for the UK-listed private jet services company Signature Aviation, agreeing to join forces in a new £3.5bn bid for the company. The two private equity groups, together with Bill Gates’ […]
Match Group looks beyond love with $1.73 billion Hyperconnect deal
Match Group Inc has agreed to buy Softbank Group-backed South Korean social media firm Hyperconnect for $1.73 billion, as the owner of Tinder and Hinge looks beyond romantic connections to help users make friends across geographies. Match last week said Japan had become its second-highest grossing market behind the United States, with revenue in the […]
