Logistics Company Syncreon Is Said to Weigh $1.5 Billion Sale
The owners of supply-chain services company Syncreon Holdings are exploring a sale of the company that could value it at as much as $1.5 billion, including debt, according to people with knowledge of the matter. Syncreon’s owners are working with an adviser to assist in the process, said the people, who asked not to be […]
Cloud firm Redis Labs valued at $2 billion as SoftBank and Tiger Global invest
SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to […]
SoftBank’s Vision Fund 2 and BlackRock lead $640 million funding in tech firm Trax
Image recognition technology provider Trax said on Wednesday it had raised $640 million in new capital in a funding round led by SoftBank Group Corp’s Vision Fund 2 and BlackRock Inc. The funding round, the biggest in Trax’s history, also drew new investors such as Canadian pension fund Ontario Municipal Employees Retirement System and venture […]
Portugal’s Novo Banco agrees to sell Spanish retail network to Abanca
Portuguese lender Novo Banco said on Monday it has agreed to sell its retail network in Spain to Spanish lender Abanca as part of its strategy of divesting non-core operations and focusing on its domestic business. “With this agreement, Novo Banco divests its retail, private banking and small and medium-sized enterprises (SME) operations in Spain, […]
Ares Management Corporation Announces Agreement to Acquire Landmark Partners
Ares Management Corporation announced today that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset […]
KPS Capital Is Said to Near $2 Billion Deal for Crown Cans Unit
Private equity firm KPS Capital Partners is in advanced discussions to buy Crown Holdings Inc.’s cans unit for more than $2 billion, according to people familiar with the matter. The parties could announce a deal as early as this week, said the people, who asked not to be identified because they weren’t authorized to speak […]
Energy Capital Partners raises $1.2 billion fund to extend Terra-Gen ownership
Energy Capital Partners (ECP) raised a $1.2 billion fund that it used to buy a 50% stake in U.S. renewable power and storage developer Terra-Gen from another of its funds, the private equity firm told Reuters on Thursday. The deal pays out investors in the fund Energy Capital Partners III, after the buyout firm invested […]
Athene to take over $2.8 billion in J.C. Penney pension obligations
J.C. Penney said on Thursday it has agreed to transfer $2.8 billion of its pension obligations to annuities provider and Apollo Global Management Inc.-backed, Athene, ensuring that the U.S. department store chain’s retired employees will continue to get their benefits. J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime […]
Buyout firms swoop to buy hedge fund’s stake in Co-operative Bank
J.C. Flowers & Co. LLC and Bain Capital Credit are in advanced talks to acquire the roughly 10% shareholding in the embattled lender held by BlueMountain Capital Management, a US-based hedge fund. The private equity group which led the demutualisation of one of Britain’s biggest building societies is close to buying a stake in the […]
KKR Acquires The Exchange, to be Operated by Longfellow Real Estate Partners for $1 Billion
KKR, a leading global investment firm, today announced that it has acquired The Exchange on 16th, a 750,000-square-foot Class A office complex, from Kilroy Realty Corporation for approximately $1 billion. Longfellow Real Estate Partners, a life science focused, vertically integrated real estate developer and manager, will work with KKR to operate the property. KKR is […]
