Fertitta-backed blank check firm to take Hillman public in $2.64 billion deal
Private equity-backed Hillman Group Inc plans to go public through a merger with billionaire Tilman Fertitta’s blank-check firm in a deal that values the hardware supplier at $2.64 billion, the companies said on Monday. The deal is expected to be partly funded by $500 million cash raised by the blank-check company, Landcadia Holdings III Inc, […]
Oakley Capital to take 175 mln euro stake in Spain’s Idealista
Investment fund Oakley Capital has agreed to invest 175 million euros ($212 million) in a minority stake in Spanish property portal Idealista, just four months after Sweden’s EQT bought the platform for $1.58 billion. Idealista, which operates in Spain, Portugal and Italy and receives 38 million monthly visitors across the region, has grown rapidly in […]
Apollo Global Management Announces Conclusion and Release of Independent Review
Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”) today announced that the Conflicts Committee of the Board of Directors has completed its previously announced independent review of Chairman and CEO Leon Black’s previous professional relationship with Jeffrey Epstein and publicly released the review’s findings. At a regularly scheduled Board meeting in October 2020, […]
Blackstone-backed Patria eyes expansion in Latam, Asia
Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday. Patria raised $326 million in the IPO and shareholders selling stakes will receive $262 million. Blackstone, which acquired a 40% […]
KKR-Owned Vitamin-Maker Bountiful Prepares for 2021 IPO
Company seeking to be valued at more than $6 billion. Bountiful changed name from Nature’s Bounty this month. The Bountiful Co., a nutritional supplements maker owned by private equity firm KKR & Co., is preparing to go public as soon as this year, according to people with knowledge of the matter. The company has held […]
Bain Turns to Riskiest of Junk Bonds for Fast Payout After Deal
New PIK note for US LBM will fund dividend to buyout firm. High-yield bond issuance on pace for a record January. Bain Capital is pulling cash out of a building products company it acquired less than two months ago by seizing on a hot junk-debt market that has seen investors pile into new offerings. The […]
CDC Group Targets $1 Billion of African Investments in 2021
Funds earmarked for infrastructure, climate projects, finance. U.K.’s CDC partnering with Vodafone for Ethiopia telecom bid. CDC Group is planning about $1 billion in Africa investments this year in sectors including infrastructure and finance, and is part of a consortium considering a bid for a new telecommunications license in Ethiopia. The U.K. development-finance institution is […]
Can Private Equity Make an Exit in Time?
Hitachi is one case of a conglomerate looking to shed a losing business. But Covid-19 clouds the strategies for potential investors. Private equity firms are circling Japan Inc., looking to carve out parts of large, cumbersome conglomerates. Enticing as the targets are, turning them into returns could be tough. Buyout funds have eyed Japan for […]
Impax Asset Management adds Sean Maguire as Managing Director
Impax Asset Management (Impax), a specialist asset manager investing in the transition to a more sustainable global economy, has appointed Sean Maguire as a managing director in firm’s private equity/infrastructure team in London. Impax is one of the longest established private markets managers in the large and rapidly growing renewable energy sector. Sean’s industry network […]
Cohere Capital Completes Strategic Growth Investment in CCS
Cohere Capital, a Boston-based private equity firm focused on investing in leading tech-enabled middle market companies, announced that it has made a strategic growth investment in Portland, Oregon-based CCS. CCS is a leading direct-to-consumer digital brand and e-commerce retailer of streetwear and skateboard equipment. This investment will allow CCS to continue to invest in new […]
