Advent International Weighing Options for $1 Billion Mattress Maker
Buyout firm mulling King Koil China plans including sale, IPO. Advent bought King Koil China from Citic Capital in 2016. Advent International, a U.S. private equity firm, is exploring options for its mattress business King Koil China including a potential sale that could value the unit at about $1 billion, according to people with knowledge […]
Blackstone Weighs Options for Outsourcing Firm TaskUs
The buyout firm is considering a partial stake sale. TaskUs has filed confidentially for a $1 billion U.S. IPO. Blackstone Group Inc. is exploring options for outsourcing firm TaskUs Inc. including a partial stake sale or listing, according to people familiar with the matter. The private equity firm is working with advisers to study strategic […]
Private equity firm CapVest eyes sale of Valeo Foods for €1.7bn
CapVest, the London private equity firm run by the Irish business magnet Seamus Fitzpatrick, is reportedly seeking to sell its Dublin-based Valeo Foods Group, run by Seamus Kearney. Capvest did not comment when contacted regarding a report last week by Sky News that it had hired Goldman Sachs to advise on a sale of Valeo, […]
Silver Lake cashes out on AMC for $713 million after Reddit-fueled rally
Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price of the shares as traders organizing on social media platforms such as Reddit snapped them up. The trade puts Silver Lake and its co-investors in the […]
Buyout Firm AIP Said to Weigh $3.5 Billion Sale of Cabinetworks
Private equity firm working with advisers to consider options. AIP first invested in the building products company in 2012. Private equity firm American Industrial Partners is considering a sale of Cabinetworks Group that could value the building products company at about $3.5 billion, according to people familiar with the matter. New York-based AIP is working […]
NBA franchises get green light to sell 30% of shares to private equity firms
Basketball league’s board sets limit at 20% stake per institutional investor, reports Sportico. The National Basketball Association (NBA) has moved closer to a framework for allowing private equity investors to own minority stakes in multiple franchises, according to a report by Sportico. The report says the NBA’s board of governors has agreed that private equity […]
Saudi Aramco said to eye $10bn from pipeline stake sale
Sources say Brookfield Asset Management and KKR & Co are among those weighing bids for a stake in Saudi Aramco’s oil pipelines. Brookfield Asset Management and KKR & Co are among top infrastructure investors weighing bids for a stake in Saudi Aramco’s oil pipelines, people familiar with the matter said. Apollo Global Management and China’s […]
Polynt-Reichhold owner picks Morgan Stanley for $1.8 billion sale
Italian buyout fund Investindustrial has picked Morgan Stanley to work on the sale of Polynt-Reichhold in a deal that could value the specialty chemicals firm at up to 1.5 billion euros ($1.8 billion), two sources familiar with the matter said. “The sales process is slated to kick off in the coming weeks. It could be […]
