Thoma Bravo, Sunstone Partners launch all-cash $1.3B take-private deal for UserTesting
Shares in UserTesting Inc jumped by more than 92% to $7.42 after Thoma Bravo and Sunstone Partners revealed plans to take the customer feedback platform private in an all-cash $7.50 per share deal worth about $1.3 billion, according to a report by Reuters. The report cites a statement from Thoma Bravo and Sunstone as revealing […]
KKR raises $6B for biggest Asia infrastructure fund
KKR & Co Inc has raised nearly $6bn for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region. The latest fundraising comes after the U.S private equity firm deployed most of the $3.9 billion capital raised in its debut Asia infrastructure fund […]
Blackstone to buy Emerson’s $14B Climate Tech unit
Blackstone Inc. agreed to buy control of Emerson Electric Co.’s climate technologies arm in a deal valuing the business at about $14 billion. The private equity firm will acquire a majority stake in the unit, which sells the Copeland line of compressors used in heating and cooling equipment, according to a statement Monday. St. Louis-based […]
Credit Suisse seeks billions from investors in make-or-break shake-up
Credit Suisse plans to raise 4 billion Swiss francs from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it, sending its shares sliding. Chairman Axel Lehmann dubbed the plan a “blueprint for success”, but it fell flat with […]
Carlyle-backed Copia Power merges with Birch Infrastructure
Copia Power (Copia) has completed a strategic merger with Birch Infrastructure’s (Birch) renewable energy business, building on a multi-year partnership between the two firms. Copia is a renewable development platform formed in 2021 by global investment firm Carlyle (NASDAQ: CG) to develop and operate large-scale renewable energy projects and seek to play a significant role […]
Bain Capital sees ‘Golden Age’ for Private Equity in Japan
David Gross-Loh, managing director of private equity at Bain Capital, discusses the firm’s investments in Japan, and the opportunities he sees in other Asian markets. Bain Capital-led group succeeded in its tender offer for Hitachi Metals Ltd., a unit of the Japanese conglomerate. Hitachi Metals announced last year that a consortium led by global private […]
KKR completes $1B cash sale of Minnesota Rubber and Plastics
KKR has completed the previously announced sale of Minnesota Rubber and Plastics (MRP), a provider of materials science-based elastomer and thermoplastic solutions, for a reported $1 billion in cash to Trelleborg Group (Trelleborg), a specialist in engineered polymer solutions. All of MRP’s more than 1,450 employees across six countries and four US states, including hourly […]
Nuveen to acquire Arcmont Asset Management in $1B deal
Nuveen, the investment manager of TIAA, is to acquire a controlling interest in Arcmont Asset Management, a European private debt investment manager with $21 billion in committed capital, in a deal reportedly worth over $1 billion. The acquisition will expand Nuveen’s private capital expertise and presence into Europe, complementing its North American private debt and […]
Musk completes US$44B Twitter deal
Elon Musk completed his US$44 billion acquisition of Twitter Inc., according to people familiar with the matter, putting the world’s richest man in charge of the struggling social network after six months of public and legal wrangling over the deal. Shareholders will be paid $54.20 per share, and Twitter will now operate as a private […]
General Atlantic acquires Iron Park Capital and forms General Atlantic Credit
General Atlantic, a global growth equity firm, is to acquire Iron Park Capital Partners (Iron Park), a global investment manager with deep experience across public and private credit markets, to create General Atlantic Credit (GA Credit). Iron Park currently offers a range of credit solutions that are rooted in a robust and well-developed investment process […]
