US fund Great Hill in talks to buy Notonthehighstreet
A backer of Wayfair is in advanced talks to buy one of the UK’s best-known online retailers. A US-based investment firm is in advanced talks to buy Notonthehighstreet, the British-based online personalised gifts retailer. Sky News has learnt that Great Hill Partners, which has backed companies including the home furnishings site Wayfair and Momondo, the […]
Shiseido Is In Talks to Sell Personal-Care Business to CVC
Beauty products maker seeking to offload non-core assets. Focus shifts to premium brands as pandemic dents sales. Shiseido Co. is in advanced talks to sell its shampoo and affordable skincare business to CVC Capital Partners for 150 billion to 200 billion yen ($1.45 billion-$1.9 billion), as the Japanese cosmetics maker shifts its focus to premium […]
Carlyle, CVC and KKR among bidders for Rolls-Royce’s ITP Aero
German engine maker faces competition from buyout firms. Rolls seeks to raise over 2 billion pounds from asset sales MTU Aero Engines AG is exploring a bid for ITP Aero, the Spanish aircraft parts supplier being sold by Rolls-Royce Holdings Plc, people familiar with the matter said. The German engine manufacturer, which is working with […]
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 […]
Cohere Capital Completes Strategic Growth Investment in CCS
Cohere Capital, a Boston-based private equity firm focused on investing in leading tech-enabled middle market companies, announced that it has made a strategic growth investment in Portland, Oregon-based CCS. CCS is a leading direct-to-consumer digital brand and e-commerce retailer of streetwear and skateboard equipment. This investment will allow CCS to continue to invest in new […]
Private equity’s new bet on sport: buy the league
Firms are looking beyond clubs to governing bodies and competitions but the investments risk alienating fans. When the All Blacks next take to the rugby field to perform the prematch haka, a ceremonial dance invoking New Zealand’s ancient Maori culture, they will do so in a battle for sporting glory — while also, perhaps, pursuing […]
Verisure taps frothy bond markets for €1.6bn private equity payout
Swedish security group wraps up historic dividend recapitalisation deal. Hot European debt markets are handing US private equity firm Hellman & Friedman a historic payday, with cheap borrowing costs allowing a junk-rated security company to access more money to pay its owners a €1.6bn dividend. Much of Europe is struggling to combat a winter wave […]
Oaktree, BlackRock Are Among YPF Creditors Organizing
White & Case is advising one of the groups, people say. Argentine energy firm surprised investors by seeking exchange. Investment firms including Oaktree Capital Management and BlackRock Inc. are organizing into two groups to negotiate with YPF SA after the Argentine oil producer proposed a debt swap that would saddle them with losses, according to […]
Maven Capital Partners adds to East Midlands investment team
Maven Capital Partners (Maven) has added to its East & South East Midlands team with the appointment of experienced banker Richard Brighty. Brighty joins as Investment Manager, based in Maven’s Nottingham office, he will be responsible for identifying and backing new local businesses via the MEIF Debt Funds. Brighty will also support existing portfolio companies […]
Adani to Raise $2.5 Billion From Green Deal With Total
French giant to buy 20% of Adani Green, 50% of solar assets. Transaction to help Adani cut debt at his expanding empire. Indian billionaire Gautam Adani is raising $2.5 billion from a deal that includes the sale of a minority stake in his renewables business to French energy giant Total SE, a transaction that may […]
