Trelleborg to buy KKR’s Minnesota Rubber and Plastics in $1B deal
KKR is to sell Minnesota Rubber and Plastics, a leading provider of materials science-based elastomer and thermoplastic solutions, to Trelleborg Group, a leader in engineered polymer solutions, in a transaction valued at approximately $950m. KKR’s investments in the business – including constructing a new global innovation center, optimizing manufacturing facilities, and investing in state-of-the-art new […]
UK’s largest private pensions scheme buys Butlins assets for £300m from Blackstone
Universities Superannuation Scheme (USS) announced the acquisition from Blackstone-owned Bourne Leisure Group on its website. The UK’s largest private pensions scheme is reported to have bought Butlin’s assets in a £300 million ground rent deal. Sky News has also reported that Blackstone is also holding talks with at least one interested party about the sale of […]
Global Payments agrees to buy Evo for about $1.6 Billion
Global Payments Inc. agreed to buy Evo Payments Inc. for about $1.6 billion in cash to expand into new markets in Europe and South America. Global Payments will pay $34 a share, according to a statement Monday. That’s about 24% higher than the closing price Friday and roughly 40% above the stock’s 60-day average price. […]
ICG raises €8.1B for eighth vintage of flagship European Corporate fund
ICG, the global alternative asset manager, has completed fundraising for its eighth European Corporate fund (Europe VIII). The fund held a final close with a total fund size of €8.1 billion, materially in excess of the target of €7.0 billion and exceeding its hard cap, as well as representing a 90% increase in client capital […]
Arena Investors raises $930m for Credit-Focused deals
Arena Investors, a global institutional asset manager specializing in opportunistic, asset and yield oriented investments, today announced the final close of Arena Special Opportunities Partners II, LP and Arena Special Opportunities Partners II. The Fund is oversubscribed at approximately $930m of committed capital, including separately managed accounts investing alongside the Fund. The close exceeds the […]
Rêv partners with Searchlight Capital Partners to acquire Netspend consumer business in $1B deal
Rêv Worldwide (Rêv), in partnership with funds advised by Searchlight Capital Partners (Searchlight), is to acquire the Netspend consumer business from Global Payments in an all cash transaction valued at $1 billion. Leveraging its proprietary multi-currency payments and loyalty product platform, Rêv provides mobile-first payment solutions and offers banking-as-a-service capabilities for partners around the world, […]
New Mountain Capital to acquire PerkinElmer’s Applied, Food and Enterprise Services businesses for up to $2.45B
New Mountain Capital, a growth-oriented investment firm with over $37 billion in assets under management, is to acquire PerkinElmer’s Applied, Food and Enterprise Services businesses, a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer, Inc, for up to $2.45 billion. The business being acquired includes PerkinElmer’s leading OneSource laboratory and field services, along […]
Apollo provides a €500m capital solution to Air France operating affiliate
Apollo announced the close of an agreement for Apollo-managed funds and affiliated entities to make a €500m investment into an Air France operating affiliate owning a pool of spare engines dedicated to the airline’s Engineering and Maintenance activities. Air France is a fully owned subsidiary of Air France-KLM. The bespoke transaction, part of Apollo’s high-grade […]
Portage targeting up to $1B for late-stage fintech investments
Portage looking to raise up to $1 billion for a new structured equity fund that will focus on financing late-stage startups in the financial technology sector. The global fintech investor’s new Portage Capital Solutions (PCS) Fund, which will be led by Co-Heads Daniel Ballen and Devon Kirk, will focus on structured opportunities in fintech and […]
Bain Capital seeks $5 Billion in Asia Fund, smaller than rivals
Bain Capital LP has begun raising a $5 billion fund for Asia-Pacific, smaller than the amount sought by global buyout peers in the recent past, people familiar with the matter said. The Boston-based buyout firm started marketing its fifth Asia fund in July, targeting a first close in December and final completion in the first […]
