DigiCert’s Private Equity Owners Said to Weigh $8 Billion Sale
Clearlake Capital Group and TA Associates, the private equity owners of DigiCert, are exploring options including a sale of the digital security technology company, according to people with knowledge of the matter. Lehi, Utah-based DigiCert may be valued at about $8 billion, including debt, in any transaction, said some of the people, who asked not […]
KPMG agrees £400m sale of restructuring unit to HIG Capital
KPMG has become the latest Big Four accountancy firm to sell off its restructuring business, agreeing a £400m deal for the UK unit with private equity firm HIG Capital. The business, which has 22 partners and 528 staff, will be renamed Interpath Advisory and run by KPMG partners Blair Nimmo, Will Wright and Mark Raddan, […]
A Lucrative Stake in Robert Smith’s Vista May Soon Be for Sale
Billionaire Robert Smith’s Vista Equity Partners is discussing a stake sale to reduce Dyal Capital’s lucrative ownership slice in the buyout shop. Smith has kicked off discussions with executives at Dyal in recent weeks seeking a partial sale of their stake in his firm, according to people with knowledge of the matter. For Dyal, its control […]
Dublin pub market holds firm as private equity drives sales
13 pubs sold in city in 2020, but provincial market at a standstill An influx of private equity money meant that the market for Dublin pubs did not collapse during 2020, as it did for pubs outside the capital. Thirteen Dublin pubs sold last year for a total of over €41m, compared to 16 transactions […]
KKR Sells Five UK Student Accommodation Assets For £291m
KKR, a leading global investment firm, today announced the sale of five major student housing developments across the UK to Greystar Real Estate Partners LLC, a global leader in the investment, development, and management of high-quality rental housing, for £291m. The five Purpose Build Student Accommodation (PBSA) developments comprise a total of 2,163 units situated […]
Apax Partners in preliminary talks to sell Italian consultancy BIP
The private equity owner of Italy’s Business Integration Partners (BIP) is working with Rothschild and Equita on a sale that could value the Milan-based consultancy firm at up to 720 million euros ($868 million), three sources told Reuters. Apax Partners, which bought 61.5% of BIP for more than 200 million euros in 2018, is in preliminary […]
Adidas plans to sell struggling Reebok brand
German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S. fitness label to help compete with arch-rival Nike Inc. Adidas said on Tuesday it had decided to begin a formal process aimed at divesting Reebok as part of a five-year strategy it plans to […]
TietoEVRY Agrees to Sell Oil-and-Gas Software to Thoma Bravo
Finnish software company TietoEVRY Oyj agreed to sell businesses that serve the oil and gas industries to companies owned by private equity firm Thoma Bravo. The private equity firm will combine the assets, which include TietoEVRY’s energy components and the DaWinci logistics management businesses, with its Quorum Software and Aucerna portfolio companies, the companies said in […]
TDR Capital Is Said to Weigh Exiting $6 Billion Modulaire Group
TDR Capital is weighing a divestment of Modulaire Group, a European designer of modular work spaces, according to people familiar with the matter. The private equity firm has picked Goldman Sachs Group Inc. and Morgan Stanley to advise it on a potential initial public offering or sale of Modulaire, the people said, asking not to […]
Olympic Games Power Provider Aggreko in Talks on $3 Billion Sale
Aggreko Plc, one of the world’s biggest suppliers of portable power generators, is in talks about a potential private-equity takeover valuing the company at about 2.25 billion pounds ($3.1 billion). A consortium of TDR Capital and I Squared Capital is in discussions with London-listed Aggreko about a possible cash bid of 880 pence per share, […]
