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, […]
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 […]
Asia’s Family-Owned Firm Founders Seek Private Equity Exit
Credit Suisse expects ‘many-fold’ increase in deals this year. Asia’s family firms are bracing for succession planning. Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done. After riding the region’s rise over the past […]
Rivals Blackstone and GIP join forces with Bill Gates in £3.5bn Signature Aviation offer
Private equity groups end their battle for control of the UK-listed private jet services group. Blackstone and Global Infrastructure Partners have ended their takeover battle for the UK-listed private jet services company Signature Aviation, agreeing to join forces in a new £3.5bn bid for the company. The two private equity groups, together with Bill Gates’ […]
CVC in talks to buy stake in San Antonio Spurs at $1.3bn valuation
Private equity group seeks minority holding as US basketball league opens door to institutional investors. CVC Capital Partners is in talks to buy a minority stake in the San Antonio Spurs at a roughly $1.3bn valuation, in a move that signals how private equity is poised to reshape the ownership structures of National Basketball Association […]
Mediobanca’s Cairn Buys Blackstone-Backed Hedge Fund Bybrook
Credit fund to take over distressed debt fund manager. Cairn to manage $8 billion of assets after acquisition. Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments. The acquisition, set to complete by the end of […]
Blackstone to Buy Interior Logic for $1.6 Billion in Housing Bet
Deal preempts the company’s planned IPO filed last month. Interior Logic provides design technology to homebuilders. Blackstone Group Inc. is buying Interior Logic Group Inc. for about $1.6 billion including debt, preempting the company’s initial public offering and bolstering a bet on single-family housing. Private equity funds managed by Blackstone are acquiring the interior-design technology […]
KKR closes on $4.7B Global Atlantic deal adding $90 billion of Assets Under Management
KKR completes its previously announced acquisition of Global Atlantic Financial, one of the U.S.’s largest fixed rate and fixed annuity providers, in a transaction that’s expected to add around $90B to KKR’s assets under management. KKR acquired 60% of Global Atlantic in a transaction valued at approximately $4.7B. Driven principally by three reinsurance block transactions, […]
Sequoia, GIC Invest in TPG’s Novotech at $2.3 Billion Valuation
Sequoia Capital and Singapore sovereign fund GIC are among investors that agreed to buy a stake in clinical research and testing provider Novotech from TPG, people with knowledge of the matter said. Kaiser Foundation Hospitals also plans to invest in Novotech, according to the people, who asked not to be identified because the information is […]
