Marathon Oil acquires Warburg Pincus-backed Ensign Natural Resources for $3B

Ensign Natural Resources (Ensign), an exploration and production company operating in the Eagle Ford Shale in South Texas, formed in 2017 in partnership with Warburg Pincus, is selling its assets to Marathon Oil, for a total cash consideration of $3.0 billion, including closing adjustments. Warburg Pincus has invested in energy companies for over thirty years, […]

KKR vies with Cellnex for $14B Vodafone Tower arm

KKR & Co. is seen as the party to beat as it competes with Cellnex Telecom SA in the final race for a stake in Vodafone Group Plc’s towers unit, people with knowledge of the matter said. Shares in Vantage rose as much as 3.5% on Thursday. The stock was up 2.4% at 10:31 a.m […]

HIG Capital makes growth investment in ThoughtFocus

An affiliate of global alternative investment firm HIG Capital (HIG) has completed a growth investment in ThoughtFocus, Inc, a global provider of digital services and technology enabled digital operations focused primarily on the financial services end market. Headquartered in the US and founded in 2004, the Company provides a broad suite of technology services and […]

Carlyle, Apollo see financing stifling deals as prices slump

Private equity transactions are set to dip further as a dearth of financing and a protracted price discovery period will dent activity, according to senior executives at Carlyle Group Inc. and Apollo Global Management Inc. Apollo’s Zelter said private credit has become a large part of the market now, including dollar-denominated low investment grade credits, […]

Apollo was a major buyer in UK pension fund fire sale

Assets under management at the group reached $523bn in the third quarter US-based private capital group Apollo Global was a major buyer of assets sold by UK pension funds during a weeklong liquidity crisis caused by margin calls triggered by surging yields on UK government bonds. Apollo’s Athene annuities business purchased $1.1bn in highly rated […]

EQT is leads bidding for stake in $9B tower firm TDF

EQT AB is emerging as the front-runner to acquire a stake in French telecom tower owner TDF, people familiar with the matter said. The Stockholm-based private equity firm is seen as the strongest contender to acquire the 45% TDF stake being sold by Brookfield Asset Management Inc., the people said. TDF could be valued at […]

Thoma Bravo closes investment in SMA Technologies

Global software and technology investment firm Thoma Bravo has closed a strategic growth investment in SMA Technologies, a provider of automation solutions for the financial services industry. SMA Technologies’ OpCon is a workload automation and orchestration platform for banks, credit unions, insurance companies and other financial services businesses. Raymond James served as financial advisor and […]

LVMH-Backed L Catterton aims to raise $275m in first Yuan-Denominated fund

L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) for its first yuan-denominated fund, as it eyes early-stage investments in China. L Catterton, which has invested in Chinese soft drink brand Genki Forest and premium pet food […]

Wafra raises $1.5B to acquire minority stakes in alt asset managers

Wafra Inc has raised $1.5 billion for its fourth flagship fund which will look to acquire minority stakes in alternative asset managers, including private equity firms, according to a report by Reuters. The report cites Daniel Adamson, a Wafra senior managing director, as confirming that Capital Generation IV will target “lower middle-market” firms with less […]

Nordic Capital and Five Arrows exit Binding Site through $1.6B sale to Thermo Fisher

A shareholder group led by private equity firm Nordic Capital has agreed to sell The Binding Site Group (Binding Site), a specialty diagnostics company headquartered in Birmingham, UK, to Thermo Fisher Scientific for £2.25 billion. Nordic Capital has been the majority owner of The Binding Site since 2011 when it completed the acquisition together with […]