Private Equity-backed Milestone Technologies Acquires SMCI
Global IT managed services firm Milestone Technologies, backed by private equity firm H.I.G. Capital, has acquired Software Management Consultants, Inc. (SMCI), a next-gen IT consulting, talent management and digital solutions provider from Glendale, California. Terms of the deal were not disclosed. This is technology M&A deal number 510 that ChannelE2E has covered so far in 2021. The […]
US private equity increased investment in Q2 by 60% compared to 2020
The American Investment Council (AIC) has released a new report that demonstrates how private equity continues to fuel the Covid-19 economic recovery across America. Specifically, the report reveals that US private equity investment volume jumped to $175 billion in Q2 2021 from $109 billion in Q2 2020, a 60% increase. In the first half of […]
Argan, TA Associates to sell controlling stake in Atria Convergence Technologies to Partners Group
Argan (Mauritius) Limited and TA Associates announced on August 13 that they have signed definitive agreements with Partners Group to divest stakes in Atria Convergence Technologies Limited. Argan will exit its entire shareholding in ACT, while TA will partially divest its shareholding, a press release noted. “The sale values ACT at an Enterprise Value of […]
EQT Private Equity sells Utimaco, a global leader in cybersecurity solutions
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT Private Equity”) has agreed to sell Utimaco Verwaltungs GmbH (“Utimaco” or the “Company”) to SGT Capital LLC (“SGT”), a global alternative asset manager with offices in Germany and Singapore. Together with EQT Private Equity, Utimaco has executed an impressive innovation, growth and […]
CVC funds to buy European vodka maker Stock Spirits for $1 bln
CVC-affiliated funds will buy London-listed Stock Spirits (STCK.L) for about $1 billion, as the private equity firm looks to tap the popularity of its booze among millennials and women in central and eastern Europe. The takeover offer by CVC Capital Partners-affiliated funds of 377 pence per share for Stock Spirits represents a premium of 41% to the […]
Mailchimp Is Exploring a Sale at $10 Billion-Plus Valuation
Email marketing startup Mailchimp is exploring a sale that could value the company at more than $10 billion, according to people with knowledge of the matter. Atlanta-based Mailchimp is considering options that could also include the sale of a minority stake, said the people, who asked not to be identified because they weren’t authorized to speak […]
New Heritage Capital invests in Icelandirect
New Heritage Capital (Heritage), a Boston-based private equity firm, has made a new platform investment in Icelandirect, an importer, manufacturer and packager of marine oils and other nutraceutical products. Icelandirect has proven to be an invaluable partner for its customers, with extensive in-house formulation & packaging capabilities, a reputation for sourcing high-quality, hard-to-find ingredients from […]
Mubadala, BlackRock form partnership across private equity funds
A consortium led by BlackRock, the world’s largest asset manager, has invested in assets managed by Abu Dhabi state fund Mubadala and in a private equity fund, Mubadala said on Wednesday. BlackRock’s Secondaries and Liquidity Solutions group and a consortium of global institutional investors invested in a portfolio of assets managed by Mubadala Capital, Mubadala […]
French retailer Carrefour to launch $1.9 billion sale of Taiwan business
French retailer Carrefour is planning to launch a sale of its Taiwan business, which is valued at around 1.6 billion euros ($1.9 billion) in the coming weeks, three people with knowledge of the matter told Reuters. The supermarket chain operator has hired Morgan Stanley to run the sale, which is expected to kick off after […]
Cloud protection firm OwnBackup nears $3.35 billion valuation
U.S.-Israeli cloud data protection firm OwnBackup said on Tuesday it raised $240 million in a late-stage funding round to bring its valuation to near $3.35 billion. The round was co-led by Alkeon Capital and B Capital Group, and included a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global. Existing investors Insight […]
