Italian Chain Prezzo Joins the Private Equity Restaurant Carousel
Cain International has bought the group at the cost of 22 restaurants and 216 jobs The coronavirus pandemic continues sticking pins in casual dining bubbles High street survivor Prezzo is clinging on to its place in the Italian chain restaurant landscape after completing its takeover by private equity firm Cain International, as reported by Big […]
Baring Private Equity Asia Completes Acquisition of Virtusa
Baring Private Equity Asia and its affiliated funds (“BPEA”) today announced that BPEA has successfully completed the acquisition and privatization of Virtusa Corporation (NASDAQ GS:VRTU) (“Virtusa” or the “Company”), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering. In conjunction with […]
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 […]
Sovereign-backed ACOLIN acquires Fundbase
Sovereign Capital Partners’ portfolio company ACOLIN, a provider of regulatory and cross-border fund distribution services, has acquired Fundbase, a digital fund distribution and data management business, from Swiss FinTech business Nectar Digital Wealth. This is ACOLIN’s first acquisition since Sovereign backed the MBO of the business in June 2020 to further develop its client base […]
Randall Farms acquired by private equity firm
The private equity firm Highview Capital LLC announced on Feb. 9 the acquisition of Vernon, Calif.-based Randall Farms. Terms of the deal were not disclosed. The meat company processes and distributes value-added meats, including prepared meals and ready-to-cook products. Currently, Randall Farms products are sold throughout California, the Pacific Northwest, Arizona, Texas, Nevada and New […]
Laser maker Coherent receives $6 billion takeover offer from MKS Instruments
Coherent Inc said on Monday it had received a $6 billion takeover offer from manufacturing devices maker MKS Instruments Inc, weeks after the laser manufacturer agreed to a deal from Lumentum Holdings. Its cash-and-stock offer values Coherent shares at $240 apiece, representing a premium of about 24% to the stock’s Friday close. MKS said its […]
Cubic to be taken private for $2.2 billion by Veritas, Elliott
Cubic Corp has agreed to be bought by private equity firm Veritas Capital and U.S. hedge fund Elliott Management in a deal valued at about $2.2 billion. The company had adopted a poison pill last year, allowing existing shareholders to buy more shares at a discount, after Elliott took a 15% stake in the firm […]
Renesas boosts power and connectivity prowess with $6 billion Dialog deal
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry. One of the world’s biggest auto chipmakers, Renesas aims to capitalise on technology shifts that are putting more electric vehicles on the streets with […]
Notonthehighstreet.com bought by Boston private equity firm
Online marketplace notonthehighstreet has been bought by Great Hill Partners, a Boston-based private equity business. Great Hill Partners will become a majority shareholder in the business, with existing investors Burda Principal Investment and Industry Ventures also remaining as shareholders. Notonthehighstreet did well throughout the coronavirus pandemic, boosting revenue by 50 per cent in the last […]
KLAR Partners makes its first acquisition in Sweden
Funds advised by KLAR Partners Limited (KLAR) are to acquire Sandbäckens, one of Sweden’s leading Sandbäckens has a market-leading position in many of its local markets with a broad and stable customer base. In 2020 delivered SEK1.45 billion of sales. “In KLAR, Sandbäckens gets an owner with deep sector experience, and an owner that gives […]
