Japan’s Showa Denko to sell aluminium business to Apollo
Japan’s Showa Denko KK said on Thursday it would sell its aluminium business to U.S. investment fund Apollo Global Management as the materials maker steps up efforts to divest assets. Specifically, Showa Denko said it plans to sell its aluminium rolling business for electronic components as well as the aluminium can business. The company did […]
UK private equity deals soared 257 per cent last year
The number of UK listed companies taken private by private equity firms jumped from seven to 25 in private equity boom year. The total value of UK listed companies taken private by private equity firms increased from £2.3bn to £21.1bn in 12 months to 30 September 2020, research compiled by BDO has found. The audit […]
AFH receives £225m offer in private equity takeover
Directors at national adviser AFH Financial Group have agreed terms for a £225m takeover offer from a US private equity firm. This Monday (January 25) Cortina Bidco, a newly incorporated company indirectly controlled by US private equity firm Flexpoint Ford, confirmed its multi-million pound acquisition offer for AFH. At 463 pence in cash for each […]
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 […]
Riverside invests in Altius
Global private equity firm The Riverside Company, is to invest in Altius Group Holdings, a specialist provider of allied health services in Australia. The company provides a range of services including occupational rehabilitation case management and return-to-work support, employee counselling and wellbeing through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled […]
EQT to buy Exeter Property Group in $1.9bn deal
The move will expand the Stockholm-based investor’s real estate operation. EQT, the Swedish private equity group, has agreed to buy Philadelphia-based real estate investor Exeter Property Group for $1.9bn, merging it with its own operations in a deal that will add $10bn to its assets under management. The buyout group will pay just over $1bn […]
Bain Turns to Riskiest of Junk Bonds for Fast Payout After Deal
New PIK note for US LBM will fund dividend to buyout firm. High-yield bond issuance on pace for a record January. Bain Capital is pulling cash out of a building products company it acquired less than two months ago by seizing on a hot junk-debt market that has seen investors pile into new offerings. The […]
New Century Hotel Gets Take-Private Offer From PE-Led Group
Sequoia China, Ocean Link plan to offer HK$1.51 billion in bid. Deal values New Century Hotel at about HK$5.2 billion. A consortium led by buyout firms has offered to take Zhejiang New Century Hotel Management Co. private in a deal that would value the hotel chain operator at about HK$5.2 billion ($670 million). Ocean Link […]
Apollo Talks to Acquire Orbia’s Vinyl Business Collapse
Apollo Global Management Inc.’s talks to acquire the vinyl business of Orbia Advance Corporation SAB de CV, the conglomerate formerly known as Mexichem, have collapsed, according to people with knowledge of the matter. The New York-based private equity firm was nearing an agreement valuing the unit at $2 billion or more before Orbia’s controlling family […]
Francisco Partners acquires Native Instruments
EMH Partners, and the Founding Shareholders of Native Instruments, are to to sell a majority of their shares in Native Instruments Holding, the Berlin-based specialist in digital music creation software and hardware, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses. As part of the transaction EMH Partners, members of […]
