Stamford-based private equity firm Olympus sells pet-products company for nearly $700M

Private equity firm Olympus Partners announced this week the sale of pet-products provider Petmate— for a price totaling about $280 million more than what it paid for the company four years ago. Olympus sold Petmate for nearly $700 million, compared with an acquisition price of $420 million in 2017, according to sources familiar with the […]

KKR terminates talks regarding potential takeover with Zooplus

U.S. financial investor KKR has terminated talks regarding a potential takeover offer for Zooplus, the German online pet shop chain said on Wednesday, two days after another suitor raised its offer price for the company. “The financial investor KKR has informed the company today of its decision to no longer pursue the discussions regarding a […]

KKR to Sell $852M Stake in Academy Sports

Private equity firm KKR & Co. announced on Monday it is selling off its entire stake in Academy Sports — 18.65 million shares. Its stake in the Texas-based sporting goods retailer is valued at $852.85 million as of market close on Friday.  KKR acquired its 20% of Academy Sports in 2011 for an undisclosed amount and has […]

Siris Capital in talks to take cybersecurity firm Radware private

Cybersecurity company Radware is in talks to sell itself to private equity firm Siris Capital, CNBC reported on Monday, citing people familiar with the matter. Shares of the American-Israeli company rose 7.3% in afternoon trade The deal is not assured and the talks may fall apart. Radware did not immediately respond to a Reuters request […]

CVC to Buy $8 Billion Asset Manager Glendower in Strategy Shift

CVC Capital Partners agreed to acquire secondary buyout specialist Glendower Capital in a deal that will provide one of the most prominent buyout firms with a new strategy to lure investors.  CVC and Glendower will combine to create an alternative asset manager with 113 billion euros ($133 billion) under management, according to a statement on […]

Apax Partners’ Sale of a Majority Shareholding in Marlink to Providence Equity Partners

Apax Partners SAS (“Apax”), a leading European private equity firm based in Paris is working with Providence Equity Partners (“Providence”), a premier private equity firm that specializes in the media, communications, education, software, and services industries, to acquire a majority shareholding in Marlink from Apax. The transaction results in an enterprise value for Marlink Group […]

Carlyle revives US$1.2b sale of lingerie firm Hunkemoller

Carlyle is reviving plans to sell Netherlands-based lingerie chain Hunkemoller that were delayed by the pandemic, two people close to the matter told Reuters, in a deal that could top one billion euros (S$1.58 billion).  Hunkemoller, which runs 850 stores around Europe, reported earnings before interest, taxes, depreciation and amortization (Ebitda) of 40.6 million euros […]

Blackstone scraps $3bn takeover of property giant Soho China

A US private equity firm has abandoned a planned $3 billion purchase of Chinese property developer Soho China, with antitrust authorities yet to approve the deal. Blackstone had hoped to expand its presence in the country through acquisition of Soho China, which holds prime real estate in cities like Beijing. But its offer had been […]

Carlyle to raise $1 billion debt to acquire Hexaware

The Carlyle Group has reached an agreement with a group of banks to raise over $1 billion to support its planned acquisition of Mumbai-based Hexaware Technologies, three people aware of the discussions said. Carlyle has emerged as the preferred bidder for Baring Private Equity Asia owned IT services firm Hexaware for a $3 billion acquisition, […]

KKR acquires New Zealand’s Ritchies Transport

Fresh from buying Spark Infrastructure (with Ontario Teachers’ Pension Plan), the global investment firm has snatched up a significant stake in the leading transportation business in New Zealand, buying into 86-year-old company Ritchies Transport. The companies have signed a definitive agreement. It is KKR’s first infrastructure investment in New Zealand. Ritchie’s has a fleet of […]