Bayer to kick off sale of $2.4 billion pest control unit this summer
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this summer with a price tag potentially topping 2 billion euros ($2.4 billion), people close to the matter said. The agrichemicals giant, looking to reduce debt in the wake of its $63 billion purchase of U.S. […]
Hitachi to buy U.S. software developer GlobalLogic for $9.6 billion
Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to digital services. The deal is the biggest Japanese outbound acquisition of a U.S. hi-tech company on record, according to Refinitiv data. The acquisition is part […]
Private Equity’s Taste for Tech Sparks Record $80 Billion Spree
Private equity firms are barrelling through the records as they place bets on technological revolutions in sectors ranging from finance to health care. Firms have spent $80 billion acquiring companies in the global technology sector this year, according to data compiled by Bloomberg. That’s an all-time high for a quarter and already up 141% on […]
EQT Nears $5.3 Billion Deal for Partners Group’s Cerba
EQT AB is nearing an agreement to acquire Cerba HealthCare in a deal valuing the French laboratories firm at about 4.5 billion euros ($5.3 billion) including debt, people with knowledge of the matter said. The European private equity firm could announce a deal as soon as this week to purchase Cerba from Swiss buyout firm […]
U.K. Battery Startup Signs First Power Option Deal With PE Firm
U.K. battery startup Zenobe Energy Ltd. has signed the first battery option deal with private equity firm C.F. Partners U.K. LLP and clean technology trader Vest Energy. Combining intermittent renewable energy and battery storage means being able to harness electricity when it’s abundant and keeping it for when it’s needed. One of the hurdles holding […]
Astorg to acquire Corialis from CVC Capital Partners Fund VI
Astorg is to become the new majority shareholder of Corialis, a European designer and manufacturer of aluminium systems for windows and doors, from CVC Capital Partners Fund VI. Corialis’ management will reinvest a significant part of their proceeds alongside Astorg. Johan Verstrepen, CEO of Corialis, says: “The entire management team is happy to welcome on board […]
Apax Nears Deal for $1.8 Billion German Eyewear Firm Rodenstock
Apax Partners is nearing a deal to acquire German eyeglass-lens maker Rodenstock Group, people with knowledge of the matter said. The private equity firm is set to announce the purchase of Rodenstock from Compass Partners as soon as Wednesday, the people said, asking not to be identified because the information is private. The transaction could […]
PE-backed perfume chain Douglas agrees $3 billion refinancing
Private equity-controlled Douglas on Friday said it has agreed at 2.55 billion euro ($3.01 billion) debt refinancing to support its shifts to a growing online business. The package includes a 600 million euro senior secured term loan, 1.305 billion of senior secured notes, 475 million of senior payment-in-kind notes and a 170 million revolving credit […]
Apollo Is Weighing $6 Billion Sale of McGraw-Hill Education
Private equity firm Apollo Global Management Inc. is exploring a sale of textbook publisher and education technology company McGraw-Hill Education that could fetch up to $6 billion, including debt, according to people familiar with the matter. The business could attract interest from other private equity firms, said the people, who asked not to be identified […]
Investec sells Australian $913 mln acquisition finance loan-book to Metrics
Investec’s Australian unit has agreed to sell its A$1.2 billion ($912.96 million) acquisition finance loan-book to corporate lender Metrics Credit Partners, sources told Reuters, as part of the investment bank’s move to exit the country. The portfolio is made up of leveraged finance debt and loans to private equity-owned companies in Australia’s entertainment, retail, childcare, […]
