KKR teams with GCM Grosvenor to back US renewables developer Arevia Power
Financing accelerates development of new solar and wind projects in the United States KKR, a leading global investment firm, today announced that KKR has led a significant structured investment in Arevia Power (“Arevia” or the “Company”), a U.S. renewable energy developer, with strategic participation by GCM Grosvenor, a leading global alternative asset management solutions provider. […]
Blackstone among bidders for Pink Floyd’s catalog
Blackstone Inc is among the several bidders for British rock band Pink Floyd’s catalog, people familiar with the matter said, as the private equity firm looks to bolster its music rights collection. The Financial Times earlier reported that the buyout firm would through Hipgnosis Song Management strike the deal that could value the band’s songs […]
EQT, KKR among bidders for $10 Billion global switch deal
Private equity firms including EQT AB and KKR & Co. are among bidders shortlisted to buy data center company Global Switch Holdings Ltd., according to people familiar with the matter. Gaw Capital Partners, PAG and Stonepeak Partners have also been selected to participate in the next round of bidding for the London-based company, the people […]
KKR leads Digital Diagnostics $75m series B round
KKR has led a $75 million series B funding round in Digital Diagnostics, a specialist in AI healthcare diagnosis. Investors including Cedar Pine, Kinderhook, 8VC, Optum Ventures, OSF Ventures and the University of Iowa also took part in the round. The latest funding has almost doubled the company’s total outside capital raised to $130 million. […]
Audax Private Equity completes the sale of WellSpring Consumer Healthcare to Avista Capital Partners
Audax Private Equity today announced that it has completed the sale of WellSpring Consumer Healthcare to Avista Capital Partners. Established in 1999 and headquartered in Sarasota, Florida, WellSpring is a leading marketer of iconic over-the-counter brands primarily in the skin care and gastrointestinal care categories. WellSpring’s product portfolio includes long-standing brands such as Bactine, Bonine, […]
Bain Capital and Advent plan to exit Quest Global at $3B valuation
Private equity firms Bain Capital and Advent International are looking to exit Quest Global Services, six years after investing in the engineering outsourcing firm, said people aware of the matter. The two funds together own about 33% of the company. Singapore investment firm GIC, which owns a 2-3% stake, may also look to join them. […]
Periscope-backed Praecipio acquires Coyote Creek to become one of the largest Atlassian Solution Partners
Chicago, IL – (August 23, 2022) – Periscope Equity announced today that its portfolio company Praecipio Consulting, a cloud-first business and technology consulting firm, has acquired Coyote Creek to create one of the largest North American Atlassian Platinum Solution Partners. For 20 years, Coyote Creek has provided exceptional IT and engineering services across the Atlassian platform. […]
Banks slice and dice $80B in M&A debt that no one wants
The banks leading Citrix, for example, had initially intended to sell US$7.05 billion of loans to help finance the deal. Instead, underwriters are considering holding onto a US$3.5 billion chunk and are selling a US$4.05 billion segment, of which US$1 billion has already been placed with private-credit lenders, Bloomberg previously reported. Banks are also looking […]
Blackstone takes stake in hotel owner Sunstone as private equity eyes more lodging deals
The private-equity firm Blackstone Group bought a minority stake in Sunstone Hotel Investors, which owns and operates 15 U.S. hotels, according to financial documents filed last week. The investment was notable less for its size than what it indicated about market trends. Blackstone bought about 8.65 million shares in the small, publicly traded Aliso Viejo, […]
Intel, Brookfield sign $30bn deal to Finance Chip Factories
Intel and Canada’s Brookfield Asset Management agreed to jointly fund up to $30bn for the U.S. chipmaker’s leading-edge chip factories in Arizona, fueling Intel’s ambition to bring more chip production onshore without weighing on its balance sheet. Brookfield’s infrastructure affiliate will invest up to $15 billion for a 49% stake in the expansion project, while […]
