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 […]
Private equity group buys into UK’s vaccine rollout success
Private equity group CVC Capital Partners has bought stakes in two UK-based companies whose software underpins the NHS’s coronavirus vaccine rollout, as it seeks to capitalise on Britain’s inoculation success in order to sell the technology to other countries. The Luxembourg-based buyouts group has bought a majority stake in System C and a minority stake […]
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 […]
Issa brothers and TDR Capital complete $9.5 bln Asda purchase
Britain’s Issa brothers and private equity firm TDR Capital said on Tuesday they had completed the acquisition of supermarket group Asda from Walmart for an enterprise value of 6.8 billion pounds ($9.5 billion). The brothers and TDR have bought a majority ownership stake in Asda, while Walmart will retain an equity investment in the business, […]
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 […]
Blackstone, Starwood to Lend $2.5 Billion for Bourne Buyout
Blackstone Group Inc’s credit unit and Starwood Capital Group LLC will provide 1.8 billion pounds ($2.5 billion) in debt financing for the investment firm’s acquisition of a British holiday company, according to a person familiar with the transaction. The two private credit providers will split the financing equally for Blackstone’s buyout of Bourne Leisure Holdings […]
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 […]
Free-Spending Private Equity Firms Set a Record Pace in Europe
A year of pandemic prudence is giving way to jumbo dealmaking in Europe for deep-pocketed private equity houses. Buyout firms have announced $29 billion of takeovers involving European companies this year, up 60% year-on-year and the most for this period on record. That’s after months in which many large buyers, including Blackstone Group Inc. and […]
Battle for UK’s G4S heading for $5-billion-plus auction
The $5 billion-plus bid battle for British security firm G4S will be settled by a rare head-to-head auction later this month if one of its two North American suitors hasn’t prevailed by then, Britain’s takeover regulator said on Friday. The Takeover Panel’s decision comes after Canada’s GardaWorld and U.S.-based Allied Universal both extended deadlines for […]
Soccer – Clubs clash over Serie A Italian TV rights sale
The sale of screening rights for Italy’s top flight soccer league in its home market has been blocked by a clash among Serie A clubs over a separate deal with private equity investors, two people close to the matter told Reuters. Serie A clubs discussed bids for domestic pay-TV licences for the 2021-2024 seasons at […]
