Platinum Equity Lines Up $3 Billion Debt for Ingram Micro Deal
Financing includes $1.5 billion loan, junk bond of same size. Debt offering expected to be among the biggest in pipeline. Platinum Equity will finance its leveraged buyout of Ingram Micro Inc. with about $3 billion of debt that will be sold to investors, according to people with knowledge of the matter. The U.S. private equity […]
EQT fund joins race for steering wheel of £2.5bn FirstGroup’s US wing
EQT Infrastructure and KKR are among the remaining bidders for First Student and First Transit, Sky News understands. An infrastructure fund run by one of Scandinavia’s most powerful private equity firms has joined the race for the £2.5bn US operations of FirstGroup, the London-listed transport operator. Sky News has learnt that EQT Infrastructure tabled an […]
Apollo Is in Advanced Talks to Buy Orbia’s Vinyl Unit
Transaction would value chemical maker at $2 billion or more. Buyout firm deal could be announced as soon as this month. Apollo Global Management Inc. is nearing a deal to buy the vinyl business of Orbia Advance Corporation SAB de CV, the conglomerate formerly known as Mexichem, according to people with knowledge of the matter. […]
Pack of private equity bidders circle £400m KPMG restructuring arm
ICG and Towerbrook are among the prospective bidders for the big four auditor’s restructuring business, Sky News learns. A heavyweight pack of private equity firms is circling the big four auditor KPMG as it prepares to offload its restructuring operations in the UK. Sky News has learnt that Intermediate Capital Group (ICG) and Towerbrook Capital […]
Nintendo Founder’s Family Office Joins Japan Systems Takeover Race
Yamauchi No. 10 Family Office backs move to take firm private. Japan Systems executives are countering Longreach Group offer. The family office of the Nintendo Co. founder is backing plans by senior executives at Japan Systems Co. to take the software company private, countering a takeover offer from a Hong Kong-based investment firm, according to […]
Lone Star pulls £3bn Quintain sale
Disposal of owner of Wembley Park shelved against backdrop of third UK lockdown US private equity group Lone Star has shelved the £3bn sale of its UK residential property company Quintain, blaming the worsening coronavirus situation. Formal bids for Quintain, which owns the Wembley Park development site, were due to be submitted later this month […]
Levine Leichtman Capital Partners sells Jonathan Engineered Solutions
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company Jonathan Engineered Solutions (JES) to JLL Partners. JES, based in Irvine, California, is the global market leader in the design and manufacturing of highly engineered steel and aluminium mechanical components for defence, commercial and industrial end markets. With a […]
CenterOak Partners sells Service Champions
CenterOak Partners, a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I, have sold Service Champions, a residential HVAC and plumbing services company in the Western US. Financial terms of the transaction have not been disclosed. Based in Orange County, CA, Service Champions is a provider of essential home services specialising in heating, […]
PE-backed Vision Innovation Partners acquires Eyes of York
Vision Innovation Partners, which is backed by Centre Partners, a middle-market private equity firm focused on the healthcare and consumer sectors, has acquired Eyes of York, an ophthalmology practice in York, Pennsylvania. The acquisition further strengthens Vision Innovation Partners’ presence in the southern Pennsylvania market and expands its growing network of ophthalmology practices and ambulatory […]
$550 million busted deal trial between private equity funds kicks off in Chancery Court
Testifying Tuesday in a Delaware Chancery Court Zoom trial, a partner from the private equity fund Snow Phipps accused counterparts at Kohlberg & Company of telling him “a lie” last April, when Kohlberg said that its funders were no longer willing to back Kohlberg’s $550 million acquisition of the Snow Phipps portfolio company DecoPac, a […]
