Biosynth Carbosynth acquires KKR’s Pepscan
Biosynth Carbosynth (Biosynth), a supplier of critical products and services to the life sciences industry, has acquired Pepscan, an expert provider of peptide-based products & services and portfolio company of the KKR Health Care Growth fund. Biosynth’s ability to deliver chemical manufacturing services “from the first idea to the finished product” is now matched in […]
Triton to tap €5.2bn Fund V for OCU buyout
European private equity house Triton has agreed to acquire UK multi-utility services specialist OCU Group from €5.2bn Fund V. It has over 2,000 employees generating £300m of revenues over the past financial year. It took Clinigen Group private in a £1.3bn deal in January and agreed to sell German radiology and radiotherapy player Meine Radiologie […]
Private lenders are offering cheaper debt than Wall Street banks
A secret in a $1.2 trillion world of credit is getting exposed as the Wall Street rout deepens: Private debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market – upending industry norms. As banks get pummeled by risk aversion and sinking asset values, direct lenders are lavishing risky […]
Sequoia China raises $9B as investors flock to big funds
Sequoia China, led by investment guru Neil Shen, has raised about $9 billion for investments in technology and healthcare, according to people familiar with the matter, overcoming the fundraising challenges that have beset the venture capital sector. Sequoia Capital and its Beijing affiliate have spent over a decade scattering more than $10 billion across China’s […]
TPG’s top deals since going public
TPG has been busily navigating a volatile investment climate in its first six months as a public company, as inflation and rising interest rates ravage global markets. At 51 deals so far this year, TPG finds itself in the middle of the pack of the publicly traded PE firms tracked in our PE Earnings Dashboard. […]
SailPoint to be acquired by Thoma Bravo for $6.9B
SailPoint Technologies Holdings, the leader in enterprise identity security, today announced that its stockholders voted to approve SailPoint’s pending acquisition by Thoma Bravo, a leading software investment firm, at SailPoint’s special meeting of stockholders. As previously announced, under the terms of the merger agreement, SailPoint stockholders will receive $65.25 in cash per share of SailPoint […]
Novartis, staring down tough market for M&A, leans toward $25bn Sandoz spinoff
For months, the industry has waited patiently as Novartis mulls the fate of its $25bn generics arm. Now, it appears a spinoff could be in the cards. The potential spinoff comes as inflation, the war in Ukraine and volatile stock markets hamper banks’ willingness to dole out cash for big M&A, Bloomberg said. It flagged […]
Goldman Sachs invests in direct lending firm Varagon Capital Partners
Goldman Sachs Asset Management is making a preferred equity investment in private debt direct lending firm Varagon Capital Partners to support its further growth, a joint news release said. With $15.1bn in assets under management as of March 31, Varagon originates senior loans for private equity-backed, U.S. middle-market companies. Varagon executives plan to use the […]
KKR pulls plug on £15B bid for UK Power Networks
A £15 billion ($18 billion) takeover approach for UK Power Networks led by KKR & Co has collapsed after one of the firm’s joint owners attempted to hike the sale price, according to a report by The Financial Rimes. KKR was leading a binder group which also included Macquarie Group Ltd, APG, China Investment Corp, […]
Carlyle hires BlackRock’s McNeely to work with biggest clients
Carlyle Group Inc. hired a top executive from BlackRock Inc. to work with major clients including pension funds and endowments. Doug McNeely will join as a partner later this year, according to people familiar with the matter. At BlackRock, he headed a group that managed some of the most important customers and was a key […]
