JD Sports to buy U.S.-based DTLR Villa for $495 million
(Reuters) – Britain’s biggest sportswear retailer JD Sports Fashion said on Monday it had entered a conditional agreement to buy Baltimore-based DTLR Villa LLC for $495 million. The acquisition is JD’s second one in the United States in less than two months after it bought Shoe Palace in December, as the retailer expands its business […]
Playboy nears deal to buy sexual wellness chain Lovers
(Reuters) – Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the shuttering of its eponymous magazine, people familiar with the matter said on Sunday. The acquisition marks Playboy’s latest effort to leverage its famous rabbit silhouette logo […]
Alstom completes Bombardier rail purchase for 5.5 billion euros
French train maker Alstom said on Friday it had completed its previously announced purchase of Bombardier rail business, an acquisition that should make it the world’s No. 2 in its industry behind China’s CRRC. Alstom, which cut its offer for Bombardier rail in September 2020, said the price for the deal was established at 5.5 […]
Britain’s Boohoo swoops for last Arcadia brands
British online fashion retailer Boohoo has entered exclusive talks with the administrators of Philip Green’s collapsed Arcadia group over the purchase of the Dorothy Perkins, Wallis and Burton brands, threatening thousands more high street jobs. A deal for the three brands, which would not include its stores and staff, could complete the break-up of Green’s […]
Venture capital performance at new high despite pandemic
Returns from venture funds globally reached a record level in Q2 2020, despite the Covid-19 crisis, and remained high as the year progressed, according to eFront’s latest Quarterly Private Equity Performance report. Up to the end of Q3, 2020 has been an exceptional year for venture capital performance, with funds globally recording an increase in […]
Signavio to be acquired by SAP
The Apax Digital Fund (ADF), DTCP, and Summit Partners, have agreed to sell portfolio company Signavio, a specialist in the enterprise business process intelligence and process management space, to SAP. The transaction is expected to close by Q2 2021, subject to approvals by antitrust authorities. Financial terms of the transaction have not been disclosed. Founded […]
Tech and media sector ready to power M&A bounce-back in 2021
Sector-specialist M&A advisory firm Ciesco has reported global resilience in the tech, digital, media and marketing sectors in the face of the Covid crisis. Ciesco tracked global M&A activity in these sectors, reporting 1,091 M&A transactions in 2020, with announced deal values of USD55.9 billion. This value excluded the one mega-deal of the year (defined […]
Nordic Capital offers to buy Advanz Pharma in $846 million deal
Private equity investor Nordic Capital on Wednesday offered to buy Advanz Pharma, valuing the drugmaker at $846 million as part of a move to invest in accelerating the company’s pipeline of innovative specialty pharmaceutical products. Under the offer, shareholders would receive a price of $17.26 per Advanz Pharma share and can also elect a non-cash […]
Fund run by Australian pension investors seeks stake in Spain’s Naturgy
Investment fund IFM Global Infrastructure Fund offered on Tuesday to buy a 22.7% stake in Spain’s Naturgy for 5.06 billion euros ($6.13 billion), sending the power group’s shares soaring 16% to lead gainers on Madrid’s bourse. The cash offer of 23 euros per share represented a 19.7% premium over Naturgy’s closing price on Monday, according […]
Shiseido in talks to sell lower-priced brands to CVC, deal reported at over $1.45 billion
Japanese cosmetics firm Shiseido Co Ltd said on Friday it was in talks to sell its lower-priced skincare and shampoo brands to private equity firm CVC Capital Partners in a deal reported to be valued at more than $1.45 billion. Shiseido, whose shares ended the day up 4.4%, said it was negotiating a sale of […]
