Forbes to go public through Magnum merger
News publisher Forbes Global Media Holdings agreed to go public through a merger with blank-check firm Magnum Opus Acquisition as deal activity heats up in the media business. The combined company will have a pro forma equity value of $630 million, according to a Thursday statement. Forbes’ management team will remain in place after the […]
Meditation App Headspace to Merge With Blackstone-Backed Ginger
Headspace Inc., which makes a popular meditation app, will merge with Ginger, a company recently valued at $1 billion by investors including Blackstone Group Inc. — creating one of the largest startups focused on mental health. The combined entity will be called Headspace Health, the companies said in a statement Wednesday. Headspace Health will have […]
KKR India Fin Services and InCred ink deal to merge their lending biz
A year after entering into talks for a partnership, KKR’s non-bank lending business, KKR India Financial Services (KIFS) and InCred Financial Services, the retail and MSME lending business of InCred, have inked a deal to merge the two lending businesses. Founded in 2016 by Bhupinder Singh, InCred Finance is a tech-enabled lending institution that spans […]
Cinven to create pet care platform in Italy through combination of Arcaplanet and Maxi Zoo Italia
International private equity firm, Cinven, has signed an agreement to acquire a majority stake in Arcaplanet, a pet care retail chain in Italy, from funds advised by Permira and Winch Capital Partners. As part of the transaction, Cinven and Arcaplanet will jointly acquire Maxi Zoo Italia, the third largest pet care operator in the Italian […]
Babylon goes public in the US and secures investment from Palantir
UK digital health provider Babylon has announced plans to become a public company following a $4.2bn (£2.9bn) merger. The company has entered into a definitive merger agreement with special purpose acquisition company Alkuri Global. US big data company Palantir has also taken a strategic stake in Babylon. Following the merger the combined company will operate […]
KKR’s Independence, Contango to merge in $5.7 bln oil and gas deal
KKR & Co’s (KKR.N) Independence Energy LLC and Contango Oil & Gas Co (MCF.A) will merge in an all-stock deal to create a consolidation-focused oil and gas company with an enterprise value of about $5.7 billion. Deal-making in the sector has been on the rise as a vaccination-led recovery in demand has boosted oil and […]
CVC Capital Partners is in talks to merge ATP and WTA tours
CVC Capital Partners owned F1 between 2006 and 2017, when it was taken over by Liberty Media; the company, which is a world leader in private equity and credit, eyes unifying ATP and WTA’s commercial activities under the name One Tennis, in which CVC would hold a minority interest The former owner of Formula One […]
Babylon Holdings to merge with Akuri Global Acquisition Corp
Babylon Holdings Limited (Babylon) and Alkuri Global Acquisition Corp (Alkuri Global), a special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Babylon and plans to trade on Nasdaq under the new symbol “BBLN”. The transaction reflects an initial […]
MIDOCEAN PARTNERS SELLS MAJORITY STAKE IN THE PLANET GROUP
Private equity firm MidOcean Partners sold its majority investment in The Planet Group, which will now merge with ProPharma Group, a portfolio company of Odyssey Investment Partners. The transaction closed May 26; financial terms and ownership shares were not disclosed. The Planet Group brand will remain and all executives will stay with their existing titles. […]
Evercore Having Big M&A Week With Grab and Microsoft Deals
Evercore Inc. was lead adviser on a pair of back-to-back technology deals this week worth up to $60 billion that helped it jump a spot in the league tables. The boutique investment bank was lead financial adviser to Singapore-based Grab Holdings Inc. on its $40 billion merger Tuesday with the blank-check company Altimeter Growth Corp., […]
