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, […]
UK private equity deal activity bounces back in second half of 2020
According to Big Four auditor KPMG, 889 deals were completed last year, with a total value of £87.2m. The figure is the fewest private equity transactions seen in the UK since before 2014, and a fall of 26 per cent on the previous year, which saw 1,199 deals worth £107.7bn. After slowing to a near […]
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 […]
L Catterton Said to Rival CVC Capital in Race for Birkenstock
LVMH-backed buyout firm weighs bid for iconic sandal maker. Takeover could be agreed in coming months, sources say. L Catterton, the buyout firm with links to the luxury French fashion house LVMH, has joined the race to buy the iconic sandal-maker Birkenstock, according to people familiar with the matter. The firm is competing with private […]
LVMH-Backed L Catterton Plans to Raise $250 Million in Asia SPAC
Private equity firm co-founded by LVMH joins blank-check push. Singapore SPAC will target consumer technology firms in Asia. L Catterton, the $20 billion private equity firm co-founded by LVMH, has lodged confidential filings to launch a special purpose acquisition company that aims to raise about $250 million for targets in Asia, according to people familiar […]
TPG-backed SPAC to take online learning platform Nerdy public in $1.7 bln deal
Deal will give Nerdy equity value of about $1.7 billion. PIPE investors include Franklin Templeton, Learn Capital. Online education platform Nerdy Inc. has agreed to go public through a merger with a blank-check company backed by private equity firm TPG. The transaction with TPG Pace Tech Opportunities Corp. will give Nerdy an equity value of […]
L Catterton Said to Mull Japanese Eyewear Chain Owndays Sale
A sale of the eyewear chain could fetch about $300 million. L Catterton partnered with Mitsui to invest in Owndays in 2018. L Catterton Asia Advisors, the Asian arm of the namesake consumer-focused buyout firm, is exploring a sale of Japanese eyewear retailer Owndays Inc., people with knowledge of the matter said. L Catterton Asia […]
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 […]
Oakley Capital to take 175 mln euro stake in Spain’s Idealista
Investment fund Oakley Capital has agreed to invest 175 million euros ($212 million) in a minority stake in Spanish property portal Idealista, just four months after Sweden’s EQT bought the platform for $1.58 billion. Idealista, which operates in Spain, Portugal and Italy and receives 38 million monthly visitors across the region, has grown rapidly in […]
Chamath Palihapitiya Invests in Two Deals in One Day During SPAC Boom
Chamath Palihapitiya Invests in Two Deals in One Day During SPAC Boom. Palihapitiya teased investment via Twitter last week. Serial blank-check dealmaker Chamath Palihapitiya has doubled down on SPACs and has now participated in at least half a dozen deals that his own blank-check vehicles aren’t even involved in. On Monday, Palihapitiya, the former Facebook […]
