Ted Baker agrees £211m takeover by Reebok owner Authentic Brands after Sycamore walks away from the deal
Ted Baker has agreed a £211m takeover by Authentic Brands Group, the US owner of Reebok and Juicy Couture. Ted Baker’s board told shareholders they have recommended a 110p per share deal. The retailer, which has nearly 400 locations, launched a formal sale process in April after US private equity firm Sycamore made a series […]
Rothschild’s buyout fund tests appetite for $1.5B software firm A2Mac1
Rothschild’s private equity arm is sounding out prospective bidders to launch the sale of a majority stake in French automotive software firm A2Mac1, a deal valued at up to $1.5bn. Five Arrows Principal Investments (FAPI) – which is owned by Rothschild and manages $2.85bn of capital focused on mid-market investments in Western Europe – is […]
Ontario Teachers’ announces agreement to acquire a significant majority stake in Sahyadri Hospitals from the Everstone Group
Ontario Teachers’ Pension Plan Board, today announced an agreement to acquire a significant majority stake in Sahyadri Hospitals Group, the largest private hospital chain in the state of Maharashtra, from the Everstone Group. Existing sponsor, Everstone Group, along with key management and founders will retain minority stakes in the company. Sahyadri is the latest investment […]
The Indian government taps TPG, Carlyle, Fairfax for IDBI Bank stake sale
The Indian Government is understood to have approached global buyout funds and financial institutions, such as Carlyle group, TPG Capital and love controlled fairfax Holdings, to measure investor interest in buying a majority stake held directly by the centre government and the (bail-out) lender. DIPAM officials situated in New Delhi could not be immediately reached […]
TPG to explore sale of Immucor for over $2B
Private equity firm TPG is exploring a sale of Immucor, the maker of tests that screen blood before transfusions and organ transplants. The diagnostic equipment manufacturer could fetch more than $2bn in a sale, the people said. While deliberations are ongoing, discussions remain at an early stage and TPG could opt to keep the company […]
Apollo backs $2.2 Billion gastro medical practice GI Alliance
Apollo Global Management Inc. has agreed to take a stake in GI Alliance, the biggest gastroenterology practice in the US, as part of a physician-led buyout that values the company at $2.2 billion. GI Alliance’s physician owners have agreed to buy back a minority equity stake of roughly 30% from Waud Capital Partners, according to […]
Tiger Global doubles down on investment in Indian Fintech Jar
Global private equity investor Tiger Global Management doubled down on its investment in Indian micro-saving app, Jar, by leading a $22.6 million round which saw participation from a clutch of other investors, a partner at the fund said. The funding, through a primary issue of shares, values the one-year-old startup at $300 million, $100 million […]
Mubadala-Backed UAE firm sets up $10 Billion fund for tech deals
Abu Dhabi-based artificial intelligence firm G42, backed by a key member of the oil-rich emirate’s ruling family, is setting up a $10 billion fund with a focus on technology investments in emerging markets. The move comes as Abu Dhabi — a city that’s among the few globally to manage over $1 trillion in sovereign wealth […]
EQT makes buy-out offer for Karo Pharma
Sweden-based private equity fund EQT said it had made a cash offer for the remaining shares in Swedish biopharmaceuticals group Karo Pharma. The total value of the offer is $215.15m, valuing Karo Pharma at $1.6bn, EQT subsidiary Karo Intressenter said in a statement. EQT is a purpose-driven global investment organization with more than €70bn in […]
Blackstone-backed PAG Weighs delaying $2 Billion Hong Kong IPO
PAG, an Asia-focused private equity firm backed by industry giant Blackstone Inc., is considering a delay of its planned initial public offering in Hong Kong amid market volatility, according to people familiar with the matter. PAG applied for an IPO in Hong Kong in March and was poised to be one of the financial hub’s […]
